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OMB APPROVAL
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OMB Number 3535-3145
Expires: August 31, 1991
Estimated average burden
hours per response ......14.90
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
BALDWIN TECHNOLOGIES
- - --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- - --------------------------------------------------------------------------------
(Title of Class of Securities)
058264102
- - --------------------------------------------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid |_|. (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).
SEC 1745 (20-88)
PAGE 1 0F 5
<PAGE>
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CUSIP No. 058264102 13G Page 2 of 5 Pages
- - ------------------- -----------------
________________________________________________________________________________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SHUFRO, ROSE & CO., LLC 13-5390713
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
A LLC ORGANIZED UNDER THE LAWS OF THE STATE OF NEW YORK
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 63,200
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY NONE
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,011,100
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH NONE
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,011,100
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.77%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88) 2 OF 5
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G UNDER THE SECURITIES
EXCHANGE ACT OF 1934
(Amendment No. 2)
Check the following box if a fee is being paid |_|
with this statement:
Item 1(a). Name of Issuer:
Baldwin Technologies
Item 1(b). Address of Issuer's Principal Executive Offices:
65 Rowayton Avenue
Rowayton, CT 06853
Item 2(a). Name of Person Filing:
SHUFRO, ROSE & CO., LLC
Item 2(b). Address of Principal Business Office, or if None, Residence:
745 Fifth Avenue, New York, NY 10151
Item 2(c). Citizenship:
Limited Liability Corporation formed under the laws of the State
of New York.
Item 2(d). Title of Class of Securities:
Common
Item 2(e). CUSIP Number:
058264102
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [X] Broker or dealer registered under Section 15 of the Act.
(e) [X] Investment adviser registered under section 203 of the Investment
Advisers Act of 1940
(b), (c), (d), (f), (g): Not applicable
Page 3 of 5
<PAGE>
Item 4. Ownership.
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described
in Rule 13d-1(b)(2), if applicable, exceeds 5 percent, provide the
following information as of that date and identify those shares which
there is a right to acquire.
(a) Amount beneficially owned:
1,011,100
(b) Percent of class:
6.77%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
63,200
(ii) Shared power to vote or to direct the vote
None
(iii) Sole power to dispose or to direct the disposition of
1,011,100
(iv) Shared power to dispose or to direct the disposition of
None
Item 5. Ownership of 5 Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than 5 Percent on Behalf of another person.
Not applicable.
Page 4 of 5
<PAGE>
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 Group.
Not applicable.
Item 10. Certifications.
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 signing 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 purpose or effect.
Disclaimer
The undersigned expressly declares that the filing of this Initial Schedule
13G shall not be construed as an admission that such person is, for the purpose
of Section 13(d) or 13(g) of the Securities Act of 1934, the beneficial owner of
any securities covered by this statement.
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.
SHUFRO, ROSE & CO., LLC
Date: February 13, 1999 /s/ Steven Glass
-----------------------------------
Signature
By: Steven Glass
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(Managing Director)
Page 5 of 5
