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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
JUST TOYS, INC.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
482133 10 5
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(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
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CUSIP NO. 482133 10 5 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
Morton J. Levy
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2. Check The Appropriate Box If A Member Of A Group*
(a) [ ]
N/A (b) [ ]
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3. Sec Use Only
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4. Citizenship Or Place Of Organization
United States of America
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NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH REPORTING PERSON WITH
5. Sole Voting Power
268,395
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6. Shared Voting Power
0
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7. Sole Dispositive Power
268,395
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8. Shared Dispositive Power
0
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9. Aggregate Amount Beneficially Owned By Each Reporting Person
268,395
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10. Check Box If The Aggregate Amount In Row 9 Excludes Certain Shares*
[ ]
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11. Percent Of Class Represented By Amount In Row 9
6.29%
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12. Type Of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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PAGE 3 OF 5 PAGES
SCHEDULE 13G
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Item 1(a). Name of Issuer:
Just Toys, Inc.
Item 1(b). Address of Issuer's Principal Executive Office:
50 West 23rd Street
New York, New York 10010
Item 2(a). Name of Person Filing:
Morton J. Levy
Item 2(b). Address of Principal Business Office:
50 West 23rd Street
New York, New York 10010
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share.
Item 2(e). CUSIP Number:
482133 10 5
Item 3. Not Applicable.
Item 4. Ownership.
(a) Amount beneficially owned: 268,395 shares including
120,000 shares issuable upon exercise of currently
exercisable stock options and 1,500 shares owned by Mr.
Levy as guardian for his grandson under the Uniform
Gifts to Minors Act.
(b) Percent of Class: 6.29%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
146,895 shares and the 120,000 shares subject
to the options and the 1,500 shares owned by
Mr. Levy as guardian for his grandson.
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose of or to direct the
disposition of: 146,895 shares and the 120,000
shares subject
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PAGE 4 OF 5 PAGES
to the options and the 1,500 shares owned by
Mr. Levy as guardian for his grandson.
(iv) shared power to dispose or to direct the
disposition of: 0
Item 5. Not Applicable.
Item 6. Not Applicable.
Item 7. Not Applicable.
Item 8. Not Applicable.
Item 9. Not Applicable.
Item 10. Not Applicable.
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PAGE 5 OF 5 PAGES
Signature
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information in this statement is true, complete and correct.
Dated: April 28, 1997
/s/ Morton J. Levy
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Morton J. Levy
