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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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SCHEDULE 13G/A
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Under the Securities Exchange Act of 1934
(Amendment No. 3)
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JPE, Inc.
(Name of Issuer)
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Common Stock
(Title of Class of Securities)
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466230 10 9
(CUSIP Number)
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<PAGE>
1) NAME OF REPORTING PERSON John Psarouthakis
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
2) CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP (See Instructions)
(a) N/A
(b) N/A
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF
ORGANIZATION U.S.
NUMBER OF 5) SOLE VOTING POWER 2,173,981 Common Shares*
SHARES
BENEFICIALLY 6) SHARED VOTING POWER -0-
OWNED
BY EACH 7) SOLE DISPOSITIVE POWER 733,862 Common Shares
REPORTING
PERSON WITH 8) SHARED DISPOSITIVE POWER -0-
9) AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON 2,173,981 Common Shares*
10) CHECK IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) N/A
11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW 9 47.4%
12) TYPE OF REPORTING PERSON
(See Instructions) IN
*Consists of (a) 733,862 shares owned by a trust of which Dr. Psarouthakis is
trustee and a beneficiary, (b) 30,000 shares owned by a charitable foundation of
which Dr. Psarouthakis is a director and officer, (c) 37,500 shares subject to
stock options exercisable within 60 days of December 31, 1996, and (d) 1,372,619
shares owned or subject to stock options exercisable within 60 days of December
31, 1996 by persons who have granted Dr. Psarouthakis the power to vote their
shares until various dates in 2007.
<PAGE>
1) NAME OF REPORTING PERSON John Psarouthakis Trust
S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
2) CHECK THE APPROPRIATE ROW IF A MEMBER OF A GROUP (See Instructions)
(a) N/A
(b) N/A
3) SEC USE ONLY
4) CITIZENSHIP OR PLACE OF ORGANIZATION
John Psarouthakis is a citizen of the United States. The John Psarouthakis
Trust Agreement states that it will be governed by the laws of the State of
Michigan.
NUMBER OF 5) SOLE VOTING POWER -0-**
SHARES
BENEFICIALLY 6) SHARED VOTING POWER -0-
OWNED
BY EACH 7) SOLE DISPOSITIVE POWER 733,863 Common Shares**
REPORTING
PERSON WITH 8) SHARED DISPOSITIVE POWER -0-
9) AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON -0-**
10) CHECK IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) N/A
11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW 9 16.0%
12) TYPE OF REPORTING PERSON
(See Instructions) 00 - Trust
**John Psarouthakis, the beneficiary and trustee of the John Psarouthakis Trust,
has reported that he beneficially owns, and has sole voting and sole dispositive
power of, the 733,862 shares of Common Stock held by the Trust.
<PAGE>
Item 1 (a) Name of Issuer:
JPE, Inc.
(b) Address of Issuer's Principal Executive Offices:
900 Victors Way, Suite 140
Ann Arbor, Michigan 48108
Item 2 (a) Name of Person Filing:
John Psarouthakis
(b) Address of Principal Business Office or, if none, Residence:
900 Victors Way, Suite 140
Ann Arbor, Michigan 48108
(c) Citizenship:
U.S.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
466230 10 9
Item 3 If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
N/A
<PAGE>
Item 4 Ownership
(a) Amount Beneficially Owned:
2,173,981 Common Shares, consisting of (a) 733,862 shares
owned by a trust of which Dr. Psarouthakis is trustee and a
beneficiary, (b) 30,000 shares owned by a charitable
foundation of which Dr. Psarouthakis is a director and
officer, (c) 37,500 shares subject to stock options
exercisable within 60 days of December 31, 1996, and (d)
1,372,619 shares owned or subject to stock options
exercisable within 60 days of December 31, 1996 by persons
who have granted Dr. Psarouthakis the power to vote their
shares until various dates in 2007.
(b) Percent of Class:
47.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
2,173,981 Common Shares
(ii) shared power to vote or to direct the vote:
None
(iii) sole power to dispose or to direct the disposition
of:
733,862
(iv) shared power to dispose or to direct the disposition
of:
None
Item 5 Ownership of Five Percent or Less of a Class:
N/A
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
N/A
<PAGE>
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company:
N/A
Item 8 Identification and Classification of Members of the Group:
N/A
Item 9 Notice of Dissolution of Group:
N/A
Item 10 Certification:
N/A
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.
Dated: February 19, 1997 /s/ John Psarouthakis
John Psarouthakis
Chairman of the Board, Chief Executive
Officer and Director
/s/ John Psarouthakis
John Psarouthakis, as Trustee of the
John Psarouthakis Trust
<PAGE>
Exhibit Index
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Exhibit No.
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Agreement of Joint Filing of Schedule 13G/A between A
John Psarouthakis and the John Psarouthakis Trust
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EXHIBIT A
Each of John Psarouthakis and the John Psarouthakis Trust hereby agree that the
Schedule 13G/A to which this Exhibit is attached is being filed on behalf of
each of them.
/s/ John Psarouthakis
John Psarouthakis, individually
THE JOHN PSAROUTHAKIS TRUST
/s/ John Psarouthakis
John Psarouthakis, as Trustee
Dated: February 19, 1997
