UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 10)*
AMERICAN LOCKER GROUP INCORPORATED
(Name of Issuer)
Common Stock $1.00 par value
(Title of Class of Securities)
027284108
(CUSIP Number)
Charles E. Harris, 1500 Oliver Building, Pittsburgh, PA 15222, 412-355-6730
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
January 21, 1998
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this 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 the statement [ ] . (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 filled 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
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).
<PAGE>
SCHEDULE 13D
CUSIP No. 002408 10 2
1) NAME OF REPORTING PERSON Harold J. Ruttenberg
--------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON ###-##-####
-----------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* Not Applicable
(a) [ ]
(b) [ ]
3) SEC USE ONLY --------------
4) SOURCE OF FUNDS Not Applicable
--------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] Not Applicable
--------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION United States
-------------
NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
7) SOLE VOTING POWER 128,499 See Items 2 and 5
-------------------------
8) SHARED VOTING POWER 0
-
9) SOLE DISPOSITIVE POWER 128,499 See Items 2 and 5
-------------------------
10) SHARED DISPOSITIVE POWER 0
-
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 128,499 See Items 2 and 5
-------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] See Item 5
----------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 21.0% See Items 2 and 5
-----------------------
14) TYPE OF REPORTING PERSON Individual
----------
<PAGE>
STATEMENT OF INFORMATION REQUIRED
PURSUANT TO SECTION 13(d)(1) OF
THE SECURITIES EXCHANGE ACT OF 1934
ITEM 1. Security and Issuer
The title of the class of equity security to which this filing relates
is common stock, $1.00 par value ("ALGI Common Stock") issued by American Locker
Group Incorporated, a Delaware corporation ("ALGI"). The principal executive
offices of ALGI are located at 608 Allen Street, P. O.
Box 1000, Jamestown, New York 14702.
ITEM 2. Identity and Background
This statement is filed by Harold J. Ruttenberg, whose business address
is American Locker Group Incorporated, 300 South Craig Street, Pittsburgh,
Pennsylvania 15213.
Principal Occupation:
Chairman, Chief Executive Officer and Treasurer, American Locker
Group Incorporated
During the last five (5) years, Mr. Ruttenberg:
(a) has not been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors), and
(b) has not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and nor as a result
of such proceeding has he become 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.
On January 21, 1998, Mr. Ruttenberg made gifts of 850 shares of ALGI
Common Stock to each of ten members of his family resulting in a transfer of
8,500 shares in the aggregate.
ITEM 3. Source and Amount of Funds or other Consideration
Not Applicable.
ITEM 4. Purpose of Transaction
The purpose of the transaction was to make gifts to various members of
Mr. Ruttenberg's family.
ITEM 5. Interest in Securities of the Issuer
Mr. Harold J. Ruttenberg beneficially owns 128,499 shares of ALGI
Common Stock. The total shares reflected in numbered sections 7, 9 and 11 on
page 2 hereof include 116,499 shares of ALGI common stock actually owned by Mr.
Ruttenberg plus the 12,000 shares of ALGI common stock which Mr. Ruttenberg has
this option to purchase under the American Locker Group Incorporated 1988 Stock
Incentive Plan. The percentage ownership described in numbered paragraph 13 on
page 2 hereof is calculated as set forth under Rule 13d-3(d)(1)(i) and is based
on 128,499 shares beneficially owned by Mr. Ruttenberg divided by 613,455 shares
(i.e. the 601,455 shares of ALGI Common Stock actually outstanding on January
20, 1998 plus the 12,000 shares of ALGI Common Stock which are subject to the
option described above.
<PAGE>
Mr. Harold J. Ruttenberg disclaims beneficial ownership of the 54,000
shares of ALGI Common Stock owned by his wife, Mrs. Katherine M. Ruttenberg, and
such shares are not included in the number or percentage of shares of ALGI
Common Stock reported by Mr. Ruttenberg in this Schedule 13D.
Except as described in Item 2 hereof and gifts of an aggregate of 8,500
shares of ALGI company stock made by Mr. Ruttenberg in December 1997 (which
gifts were reported by Mr. Ruttenberg on Amendment No. 9 to Schedule 13d), no
transactions in ALGI Common Stock have been effected by Mr.
Ruttenberg during the last 60 days.
ITEM 6. Contracts, Agreement, Understanding or Relationships with respect to
Securities of the Issuer
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) among Mr. Ruttenberg and any other person with respect to
securities of ALGI.
ITEM 7. Material to be Filed as Exhibits
None.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true and correct.
Date: January 21, 1998 /s/ Harold J. Ruttenberg
--------------------------------
Harold J. Ruttenberg
