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UNITED STAES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.____________)*
Quality Products, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
747578409
- --------------------------------------------------------------------------------
(CUSIP Number)
Richard W. Cohen
c/o Robinson Brog Leinwand Greene Genovese and Gluck, P.C.
1345 Avenue of the Americas, 31st floor
New York, NY 10105
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 3, 1996
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of the Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [X].
(A fee is not required only if the reporting 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.)
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 filed 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 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>
CUSIP No. 13D
747578409
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jonathon P. Reuben
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
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
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER 139,583
SHARES
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER -0-
EACH
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER 139,583
WITH
--------------------------------------------------------------
10 SHARED DISPOSITIVE POWER -0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
139,583
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer.
The securities to which this statement (the "Schedule 13D")
relates are the shares of Common Stock (the "Stock") of Quality Products, Inc.
(the "Company"). The Company's principal executive offices are located at c/o
QPI Multipress, Inc., 560 Dublin Avenue, Columbus, Ohio 43215.
Item 2. Identity and Background.
This Schedule 13D is filed by Jonathon P. Reuben. Mr. Reuben's
business address is 23440 Hawthorne Blvd., Suite 270, Torrance CA 90505
Mr. Reuben's principal employment as an accountant is with Jonathon P. Reuben
CPA, an accounting corporation. Mr. Rueben serves as, among other things, Vice
President of the Company. During the last five years, Mr. Reuben has not been
(a) convicted in any criminal proceeding(excluding traffic violations or similar
misdemeanors) nor(b)a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
No funds were borrowed to effect Mr. Reuben's purchases. All the
shares of Stock beneficially owned by Mr. Reuben were issued to him by the
Company for services rendered.
Item 4. Purpose of Transaction.
The Common Stock held by Mr. Reuben was acquired and is being
held as an investment. Mr. Reuben has no present plans or proposals which relate
to or would result in: (a) the acquisition or disposition by any person (other
than pursuant to options to acquire Stock held by Mr. Reuben) of additional
securities of the Company; (b) an extraordinary corporate transaction, such as a
merger, reorganization or liquidation of the Company or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of the Company or any of
its subsidiaries; (d) any change in the present board of directors or management
of the Company, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board; (e) any material
change in the present capitalization or dividend policy of the issuer; (f) any
other material change in the Company's business or corporate structure; (g)
changes in the Company's charter, bylaws or instruments corresponding thereto or
other actions which may impede the acquisition of control of the Company by any
person; (h) causing a class of securities of the Company to be delisted from a
national securities exchange or
<PAGE>
to cease to be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; (i) a class of equity securities of
the Company becoming eligible for termination of registration pursuant to
Section 12(g)(4) of the Securities Exchange Act of 1934; or (j) any action
similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
Mr. Reuben owns beneficially in the aggregate 139,583 shares of Stock
(excluding 325,000 shares of Stock issuable upon exercise of options (the
"Options") that are not exercisable within the next sixty (60) days) which,
based upon the 2,529,013 (based on the 2,395,680 shares of Stock reported as
outstanding in the Company's Quarterly Report on Form 10-QSB for the period
ended June 30, 1997 and after giving effect to the issuance of an aggregate of
133,333 shares of Stock in August 1997 upon the conversion of certain
convertible securities) shares of outstanding Stock constitutes
approximately 5.5% of the shares of Stock outstanding. Mr. Reuben
has the sole power to vote and direct the vote and to dispose and direct the
disposition of the Stock which he owns.
Mr. Reuben acquired the 139,583 shares of Stock on February 3, 1996. All of
such shares were issued to him by the Company in consideration for services
rendered.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
Mr. Reuben does not have any contracts, arrangements or
understandings with any other person with respect to the
securities of the Company, other than the Options.
Item 7. Material to be Filed as Exhibits.
Not applicable.
<PAGE>
Signatures
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.
December 2, 1997 /s/Jonathon P. Reuben
Jonathon P. Reuben
<PAGE>
