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SECURITIES AND EXCHANGE COMMISSION
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7 )*
Allou Health & Beauty Care, Inc.
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(Name of Issuer)
Class A Common Stock, par value $.001 per share
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(Title of Class of Securities)
019782 10 1
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(CUSIP Number)
SEC 1745 (2-95)
Page 1 of 5 pages
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CUSIP No. 019782 10 1 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Herman Jacobs
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
N/A
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 518,750
OWNED BY
EACH
REPORTING
PERSON
WITH 6 SHARED VOTING POWER
-0-
7 SOLE DISPOSITIVE POWER
518,750
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
518,750
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
N/A
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.61%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 pages
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CUSIP No. 019782 10 1 13G Page 3 of 5 Pages
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Except as to Item 4, no change has occurred with respect to the answer
to any items of this Schedule from the information last reported in respect of
such item.
Item 4. Ownership. As of December 31, 1998:
(a) Amount beneficially owned: 518,750 shares.
(i) Includes the following shares of Class A Common
Stock, par value $.001 per share (the "Class A Common Stock"),
held by Mr. Jacobs: 25,000 shares of Class A Common Stock held
by Mr. Jacobs; 34,000 shares of Class A Common Stock issuable
upon exercise of stock options held by Mr. Jacobs and
exercisable at $7.70 per share; 30,000 shares of Class A
Common Stock issuable upon exercise of stock options held by
Mr. Jacobs and exercisable at $6.60 per share; and 37,500
shares of Class A Common Stock issuable upon exercise of stock
options held by Mr. Jacobs and exercisable at $6.47 per share.
Does not include the following shares of Class A Common Stock
held by Mr. Jacobs that he does not have the right to acquire
within 60 days: 10,000 shares of Class A Common Stock issuable
upon exercise of stock options held by Mr. Jacobs and
exercisable at $6.60 per share; 37,500 shares of Class A
Common Stock issuable upon exercise of stock options held by
Mr. Jacobs and exercisable at $6.47 per share; and 65,000
shares of Class A Common Stock issuable upon exercise of stock
options held by Mr. Jacobs and exerciseable at $4.40 per
share.
(ii) Includes the following shares of Class B Common
Stock, par value $.001 per share (the "Class B Common Stock"),
held by Mr. Jacobs: 293,750 shares of Class B Common Stock
held by Mr. Jacobs; 66,000 shares of Class B Common Stock
issuable upon exercise of stock options held by Mr. Jacobs and
exercisable at $7.70 per share; 100,000 shares of Class B
Common Stock issuable upon exercise of stock options held by
Mr. Jacobs and exercisable at $5.80 per share; and 32,500
shares of Class B Common Stock issuable upon exercise of stock
options held by Mr. Jacobs and exercisable at $6.47 per share.
Does not include the following shares of Class B Common Stock
held by Mr. Jacobs that he does not have the right to acquire
within 60 days: 32,500 shares of Class B Common Stock issuable
upon exercise of stock options held by Mr. Jacobs and
exercisable at $6.47 per share.
Each share of Class B Common Stock has five votes per
share; each share of Class A Common Stock has one vote per
share and each share of Class B Common Stock is convertible at
any time into Class A Common Stock on a share for share basis.
Page 3 of 5 pages
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CUSIP No. 019782 10 1 13G Page 3 of 5 Pages
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(b) Percent of Class: 7.61%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
518,750
(ii) shared power to vote or direct the vote:
None
(iii) sole power to dispose or direct the disposition
of: 518,750
(iv) shared power to dispose or direct the
disposition of: None
Page 4 of 5 pages
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CUSIP No. 019782 10 1 13G Page 5 of 5 Pages
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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.
February 9, 1999
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Date
/s/ Herman Jacobs
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Signature
Herman Jacobs
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Name
Page 5 of 5 pages
