U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a)
of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
FORM 5
Check box if no longer subject
to Section 16. Form 4 or Form 5
obligations may continue.
See instructions 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
1. Name and Address of Reporting Person*
Kikis Peter T.
_______________________________
(Last) (First) (Middle)
c/o Command Security Corporation
Route 55, Lexington Park
_______________________________
(Street)
Lagrangeville NY 12540
_______________________________
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COMMAND SECURITY CORPORATION (CMMD)
3. IRS or Social Security
Number of Reporting Person
(Voluntary)
4. Statement for
Month/Year
March 1999
5. If Amendment, Date of Original
(Month/Year) ____________________
6. Relationship of Reporting
Person to Issuer
(Check all applicable)
_X_ Director ______10% Owner
___ Officer ______Other
(give title (specify
below) below)
_______________________________
7. Individual or Joint/Group Filing
(Check applicable line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting
Person
Table I - Non-Derivative Securities, Acquired, Disposed of, or
Beneficially Owned
1. Title of Security
(Inst. 3)
Common Stock
2. Transaction Date
M/D/Y
3. Transaction Code
(Inst. 8)
4. Securities Acquired (A) or Disposed of (D)
(Inst. 3, 4 and 5)
--------------------------
Amount (A) or (D) Price
5. Amount of Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 3 and 4)
112,500
6. Ownership Form: Direct (D) or Indirect (I)
(Inst. 4)
D
7. Nature of Indirect Beneficial Ownership
(Inst. 4)
*If the form is filed by more than one reporting person,
see instruction 4(b)(v).
Reminder: Report on a separate line for each class of
securities beneficially owned directly or indirectly (over)
<PAGE>
Form 5 (Continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
1. Title Derivative Security
(Inst. 3)
Warrants
Conv. Preferred
2. Conversion or Exercise Price of Derivative Security
$1.875
$1.65
3. Transaction Date
M/D/Y
3/31/99
4. Transaction Code (Inst. 8)
J*
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Inst. 3, 4 and 5)
(A) (D)
80.62 A
6. Date Exercisable and Expiration Date M/D/Y
Date Exercisable Expiration Date
immed. 9/30/01
immed. none
7. Title and Amount of Underlying Securities
(Inst. 3 and 4)
Title Amount or Number of Shares
Common 150,000
Common 8,062
8. Price of Derivative Security
(Inst. 5)
9. Number of Derivative Securities Beneficially Owned at End of Year
(Inst. 4)
150,000
108,832
10. Ownership Form of Derivative Security:
Direct (D) Indirect (I) (Inst. 4)
D
D
11. Nature of Indirect Beneficial Ownership (Inst. 4)
Explanation of Responses:
* Dividend of Series A Convertible Preferred Stock
_______________________________ ________________
**Signature of Reporting Person Date
** Intentional misstatements or omissions of fact constitute Federal
Criminal Violations. See 18 U.S.C 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
