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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(AMENDMENT NO. 10 )(1)
Michael Anthony Jewelers, Inc.
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(Name of Issuer)
Common Stock, $.001 par value per share
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(Title of Class of Securities)
594060 10 5
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(CUSIP Number)
Rita A. Martin-Crowley, Esq.
Michael Anthony Jewelers, Inc.
115 South MacQuesten Parkway, Mt. Vernon, NY 10550
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 29, 1999
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1 (e), 13d-1 (f) or 13d-1 (g), check
the following box [ ].
Note. Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 13d-7 (b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 3 Pages)
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CUSIP NO. 594060 10 5 13D PAGE 2 OF 3
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<TABLE>
<S> <C>
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Michael W. Paolercio ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
Reporting person is the brother of Anthony Paolercio, Jr. who is also filing
a Form 13D
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U. S. Citizen
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,019,900
BENEFICIALLY ----------- ----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING ----------- ----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
1,019,900
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,019,900
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[X]
260,000 shares are held in trust for children of reporting
person. Reporting person disclaims beneficial ownership of such
shares.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.8%
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14 TYPE OF REPORTING PERSON*
In
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</TABLE>
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Michael W. Paolercio hereby further amends (the "Amendment") the Statement on
Schedule 13D dated December 18, 1986, as first amended on July 24, 1990 and as
further amended on November 9, 1990, October 24, 1991, October 30, 1992, April
23, 1993, December 28, 1993, January 18, 1994; May 8, 1998 and December 30,
1998, relating to the Common Stock, $.001 par value per share ("Common Stock")
of Michael Anthony Jewelers, Inc. (the "Company"), as follows:
Item 4. Purpose of Transaction.
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Mr. Paolercio is filing this Amendment since he purchased an aggregate
of 53,400 shares of the Company's Common Stock on May 5, 1999, May 19, 1999,
June 10, 1999, June 22, 1999, June 23, 1999; June 25, 1999 and June 29, 1999 in
the open market.
Item 5. Interest in Securities of the Issuer.
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(a) The aggregate number of shares of Common Stock and percentage of
Common Stock of the Company owned directly by Michael Paolercio is 1,019,900
shares or approximately 14.8% of the Company's outstanding Common Stock. This
includes 45,000 shares of common stock subject to option which become
exercisable within 60 days of the date of this filing. Mr. Paolercio disclaims
beneficial ownership of an aggregate of 260,000 shares of Common Stock held by
trusts established for the benefit of his minor children.
(b) Mr. Paolercio has sole power to vote or direct the vote of
1,279,900 Shares. This includes 260,000 shares of Common stock held by trusts
established for the benefit of his minor children. He has the sole power to
dispose of or direct the disposition of 1,019,900 Shares.
(c) Mr. Paolercio made the following purchases of the Company's Common
Stock: On May 5, 1999 he purchased 1,000 shares in the open market at a price of
$3.750 per share; on May 19, 1999 he purchased 2,500 shares in the open market
at a price o f $4.00 per share. On June 10, 1999 he purchased 1,000 shares in
the open market at a price o f $3.6875 per share; On June 22, 1999 he purchased
25,000 shares in the open market at a price of $3.75 per share and 11,150 shares
shares in the open market at a price of $3.6875 per share; on June 23, 1999 he
purchased 2,750 shares in the open market at a price of $3.75; on June 25, 1999
he purchased 2,000 shares in the open market at a price of $3.75; on June 29,
1999 he purchased 6,000 shares in the open market at a price of $3.9323 and
2,000 shares in the open market at a price of $3.75.
(d) Not applicable.
(e) Not applicable.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 10 to the Statement
on Schedule 13D concerning Michael Anthony Jewelers, Inc. is true, complete and
correct.
Dated: July 1, 1999 By: \s\: Michael W. Paolercio
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Michael W. Paolercio
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