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
February 9, 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 [ ].
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SCHEDULE 13D
CUSIP NO. 829639103
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CLEC Holding Corp. ("CHC")
22-3527935
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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
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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
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NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY ----------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH ----------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH ----------------------------------
10. SHARED DISPOSITIVE POWER
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT OF BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
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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 all 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 February 9, 1998, CHC ceased to be the beneficial owner
of any 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 from January 20, 1998 through February 9,
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.
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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: February 23, 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. from January 20, 1998 through February 9, 1998.
Date Sold Number of Shares Sold Sale Price Per Share
01/20/98 25,000 $2.5000
02/09/98 400,000 $1.5625
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