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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
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ASTREX, Inc.
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(Name of Issuer)
ASTREX, Inc. common stock
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(Title of Class of Securities)
046357-20-8
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(CUSIP Number)
William Costaras, 22674 Halburton Road, Beachwood, OH 44122, (216)
295-9451
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 7, 2000
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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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box / /.
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following page(s))
Page 1 of 3 Pages
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CUSIP No. 046357-20-8 13D Page 2 of 3 Pages
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William Costaras
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
PF
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization
USA
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Number of Shares (7) Sole Voting
Beneficially Owned Power 171,184
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power
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(9) Sole Dispositive
Power 171,184
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(10) Shared Dispositive
Power
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
171,184
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
3.04%
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(14) Type of Reporting Person*
IN, CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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SCHEDULE 13D
CUSIP No. 046357-20-8 Page 3 of 3 Pages
There are no other changes to the Schedule 13D, Amendment No. 1, except as
set forth in this 2nd Amendment.
Item 2. Identity and Background
(a) William Costaras
(b) 22674 Halburton Road, Beachwood, Ohio 44122-3971
(c) Present principal occupation- Financial Advisor
(d) First Union Securities-Securities Brokerage
23811 Chagrin Blvd #200, Beachwood, Ohio 44122
Item 4. Purpose of Transaction
William Costaras sold shares for purposes of using proceeds for
diversification of his investments.
William Costaras might acquire additional shares or other securities of
the issuer or dispose of some or all of his shares depending upon market
conditions and his personal circumstances.
Item 5. Interest in Securities of the Issuer
(a)/(b) The aggregate amount owned by William Costaras in his 100% owned
corporation and in his Individual Retirement Account, beneficially owned is
171,184 shares or approximately 3.04% of the outstanding shares of
Astrex, Inc.
(c) Description of transaction reported:
William Costaras sold 30,000 shares at an average price of .5026 per
share on 9/10/99 with EVEREN Securities Inc. (now First Union
Securities) as a Bulletin Board/NASDAQ open market transaction.
William Costaras sold 135,000 shares at an average price of .5743
per share on 1/7/00 with First Union Securities as a Bulletin Board
NASDAQ open market transaction.
(e) William Costaras ceased to be a beneficial owner of more than 5% of
Astrex, Inc. common stock on 1/7/00.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
There are no contracts, arrangements, understandings or relationships
with respect to securities of the issuer with any persons except as set
forth in items 2,4,5 above.
SIGNATURE After reasonable inquiry and to the best of my knowledge and
belief, I certify that the Information set forth in this statement is true,
complete and correct.
Date 1/10/00 /s/
WILLIAM COSTARAS
