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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
Jack 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 621,250
OWNED BY
EACH
REPORTING
PERSON
WITH 6 SHARED VOTING POWER
-0-
7 SOLE DISPOSITIVE POWER
621,250
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
621,250
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
9.1%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
Page 2 of 5 pages
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CUSIP No. 019782 10 1 13G Page 4 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: 621,250 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
folowing 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; 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; and 65,000 shares of Class A
Common Stock issuable upon exercise of Stock Options
held by Mr. Jacobs and exercisable 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, 35,000 shares of Class B Common
Stock issuable upon exercise of stock options held by
Mr. Jacobs and exercisable at $6.47 per share; and
100,000 shares of Class B Common Stock issuable upon
exercise of stock options held by Mr. Jacobs and
exercised at $5.80. 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: 35,000 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 such 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 4 of 5 Pages
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(b) Percent of Class: 9.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
621,250
(ii) shared power to vote or direct the
vote: None
(iii) sole power to dispose or direct the
disposition of: 621,250
(iv) shared power to dispose or direct the
disposition of:
None
Page 4 of 5 pages
<PAGE>
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/ Jack Jacobs
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Signature
Jack Jacobs
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Name
Page 5 of 5 pages
