UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
SIRCO INTERNATIONAL CORP.
(Name of Issuer)
Common Stock, par value $.10
(Title of Class of Securities)
829639103
(CUSIP Number)
CLEC Holding Corp.
575 Madison Avenue, New York, New York 10022
(212) 988-9799
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
With Copies to:
Neil S. Baritz, Esq.
Dreier & Baritz
1515 North Federal Highway, Suite 300
Boca Raton, Florida 33432
May 26, 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 [ ].
NOTE. Six copies 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. 829639103
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CLEC Holding Corp. ("CHC")
22-3527935
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
Not applicable
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
a New Jersey Corporation
- ------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 210,000
BENEFICIALLY ------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH ------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 210,000
WITH ------------------------------------------
10. SHARED DISPOSITIVE POWER
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT OF BENEFICIALLY OWNED BY EACH REPORTING PERSON
210,000
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.07%
- ------------------------------------------------------------------------------
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<PAGE>
14. TYPE OF REPORTING PERSON *
CO.
ITEM 1. SECURITY AND ISSUER.
This Amendment No.1 to the Statement on Schedule 13D relates to the
sale by the Reporting Person of 140,000 of the shares common stock, .10
par value ("Common Stock"), issued by SIRCO INTERNATIONAL CORP. (the
"Company"), 24 Richmond Hill Avenue, Stamford, CT 06901 disclosed as
acquired on such Statement.
ITEM 4. PURPOSE OF THE TRANSACTION.
Item 4 of the Statement on Schedule 13D is hereby amended to read in
its entirety as follows:
As of May 26, 1998, CHC ceased to be the beneficial owner of 140,000 of
the Common Stock of the Company. The date of sale, number of shares
sold and share price for each of the sales of stock made by CHC on
May 26, 1998 are indicated on Exhibit A attached hereto. Except as
described on Exhibit A, no transactions in Common Stock were effected
during the past 60 days by the Reporting Person. As a result of the
foregoing, CHC ceased to be a beneficial owner of 5% or more of the
Common Stock.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Attached as Exhibit "A" to this Amendment to Statement on Schedule 13D
is a schedule of sales of Common Stock by the Reporting Person.
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: June 3, 1998 CLEC HOLDING CORP.
By: /S/ KENNETH G. BARITZ
-------------------------------------
Kenneth G. Baritz, Chairman and CEO
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EXHIBIT A
Sale of shares of Common Stock of Sirco International Corp. by CLEC Holding
Corp. on May 26, 1998.
DATE SOLD NUMBER OF SHARES SOLD SALE PRICE PER SHARE
- --------- --------------------- --------------------
05/26/98 140,000 $3.000
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