PAGE 1 of 6 PAGES
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 23 )*
FARMSTEAD TELEPHONE GROUP, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001
(Title of Class of Securities)
311-565-105
(CUSIP Number)
_
Check the following box if a fee is being paid with this statement | |.
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five
percent of the class of securities described in Item 1; and (2) has filed
no amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class.) (See Rule 13d-7).
*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 the disclosures provided in a prior cover page.
The information required in 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).
<PAGE>
CUSIP NO. 311-565-105 SCHEDULE 13G PAGE 2 of 6 PAGES
1 NAME AND S.S. or I.R.S. IDENTIFICATION NO.OF REPORTING PERSON
M.H. MEYERSON & CO., INC. IRS NO. 13-1924455
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
_
NOT APPLICABLE (a) | |
_
(b) | |
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW JERSEY CORPORATION
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
1,555 shares [See Note I on Page 3]
6 SHARED VOTING POWER
NONE
7 SOLE DISPOSITIVE POWER
66,029 shares [See Note II on Page 3]
8 SHARED DISPOSITIVE POWER
NONE
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,029 shares [See Note II on Page 3]
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES _
NOT APPLICABLE | |
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.0 PERCENT
12 TYPE OF REPORTING PERSON
BD
<PAGE>
CUSIP NO. 311-565-105 SCHEDULE 13G PAGE 3 of 6 PAGES
NOTE I Does not include 30,500 shares of Common Stock owned by
Mr. Martin H. Meyerson, a control person of M.H. Meyerson
& Co., Inc., and 33,130 shares of Common Stock owned by
other persons associated with M.H. Meyerson & Co., Inc.
and family members of such associated persons.
NOTE II Consists of a long position of 1,555 shares of Common
Stock plus 13,502 warrants to purchase 13,502 shares of
Common Stock plus 25,486 underwriters options to purchase
25,486 units (each unit consisting of one share of Common
Stock plus one warrant to purchase one share of Common
Stock). Does not include 30,500 shares of Common Stock
owned by Mr. Martin H. Meyerson, a control person of M.H.
Meyerson & Co., Inc., and 33,130 shares of Common Stock
plus 2,200 warrants to purchase 2,200 shares of Common
Stock owned by other persons associated with M.H.
Meyerson & Co., Inc. and family members of such
associated persons.
<PAGE>
CUSIP NO. 311-565-105 SCHEDULE 13G PAGE 4 of 6 PAGES
Item 1(a) Name of Issuer:
FARMSTEAD TELEPHONE GROUP, INC.
Item 1(b) Address of Issuer's Principal Executive Offices:
22 Prestige Park Circle
East Hartford, CT 06108
Item 2(a) Name of Person Filing:
M.H. MEYERSON & CO., INC.
Item 2(b) Address of Principal Business Office:
525 Washington Blvd. - 34th Floor
Jersey City, NJ 07310
Item 2(c) Citizenship:
New Jersey Corporation
Item 2(d) Title of Class of Securities:
Common Stock, par value $0.001
Item 2(e) CUSIP Number:
311-565-105
Item 3 Type of Person:
(a) Broker/Dealer registered under Section 15 of
the Act
Item 4 Ownership (at January 31, 1998):
(a) Amount Beneficially Owned:
66,029 shares [See Note II on page 3]
(b) Percent of Class:
2.0 Percent
(c) Number of Shares as to which such person has:
(i) Sole power to vote or direct the vote:
1,555 shares [See Note I on page 3]
<PAGE>
CUSIP NO. 311-565-105 SCHEDULE 13G PAGE 5 of 6 PAGES
(ii) Shared power to vote or direct the vote:
None
(iii)Sole power to dispose or direct the
disposition of:
66,029 shares [See Note II on page 3]
(iv) Shared power to dispose or direct the
disposition of:
None
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that
as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X].
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company:
Not Applicable
Item 8 Identification and Classification of Members of the
Group:
Not Applicable
Item 9 Notice of Dissolution of the Group:
Not Applicable
<PAGE>
CUSIP NO. 311-565-105 SCHEDULE 13G PAGE 6 of 6 PAGES
Item 10 Certification:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not acquired
for the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any
transaction having such purposes or effect.
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.
Dated: February 10, 1998
M.H. MEYERSON & CO., INC.
BY: /s/ Michael Silvestri
Michael Silvestri, President