UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(Amendment No. 3)
Under the Securities Exchange Act of 1934
SIRCO INTERNATIONAL CORP.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
829639103
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(CUSIP Number)
Eric M. Hellige, Esq.
Pryor Cashman Sherman & Flynn LLP
410 Park Avenue
New York, New York 10002
(212) 326-0846
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(Name, Address and Telephone Number of person
authorized to receive notices and communications)
September 1, 1999
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(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.|_|
<PAGE>
Schedule 13D
CUSIP NO. 829639103
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
JOEL MR. DUPRE
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) |X|
(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) |_|
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7. SOLE VOTING POWER 934,668
SHARES
BENEFICIALLY 8. SHARED VOTING POWER - 0 -
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 934,668
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER - 0 -
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
934,668
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* |_|
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.73%
14. TYPE OF REPORTING PERSON*
IN
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Schedule 13D
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Item 1. Security and Issuer
This Amendment No. 3 to the Schedule 13D originally filed by Joel Dupre
("Mr. Dupre"), Pacific Million Enterprise Ltd., a corporation organized under
the laws of Hong Kong ("Pacific"), Joseph Takada ("Takada"), Cheng-Sen Wang
("Wang") and Albert H. Cheng ("Cheng") with the Securities and Exchange
Commission on April 12, 1995, as amended by Amendment No. 1 filed August 21,
1995 (the "Schedule 13D") and as amended by Amendment No. 2 filed March 10, 1999
relates to the Common Stock, par value $.10 per share (the "Common Stock"), of
Sirco International Corp., a New York corporation (the "Issuer"), the principal
executive offices of which are located at 24 Richmond Hill Avenue, Stamford,
Connecticut 06901. Pursuant to Rule 13d.2(e) of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), this Amendment No. 3 amends the Schedule
13D. Unless otherwise indicated, all terms used but not otherwise defined herein
shall have the meanings ascribed to such terms in the Schedule 13D. Mr. Dupre,
Takada, Pacific, Wang and Cheng are sometimes referred to herein as the
"Original Reporting Persons."
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Dupre acquired 272,000 shares of Common Stock for an
aggregate purchase price of $204,000 which was paid by the partial satisfaction
of a promissory note made by the Issuer to Mr. Dupre with a then outstanding
unpaid balance (including principal and interest) of $352,000.
Item 4. Purpose of Transaction
On September 10, 1999, Mr. Dupre was issued 272,000 shares of Common
Stock by the Issuer for an aggregate purchase price of $204,000 which was paid
by the partial satisfaction of the obligation of the Issuer pursuant to a
promissory note made by the Issuer to Mr. Dupre with a then outstanding unpaid
balance (including principal and interest) of $352,000.
In addition, on September 1, 1999, Mr. Dupre cancelled options
to purchase 125,000 shares of Common Stock for no value.
<PAGE>
Item 5. Interest in Securities of the Issuer.
(a) As of the date hereof, Mr. Dupre is the beneficial owner of 934,668
shares of Common Stock, constituting approximately 8.73% of the issued and
outstanding shares of Common Stock.
(b) Mr. Dupre has the sole power to vote and dispose of 934,668 shares
held by him. Mr. Dupre is the beneficial owner of 794,668 shares of Common Stock
held by him. In addition, Mr. Dupre has the right to purchase 140,000 shares of
Common Stock within 60 days of the date hereof upon the exercise of options.
(c) Except as set forth herein, Mr. Dupre has effected no transactions
in shares of Common Stock of the Issuer in the past 60 days.
(d) not applicable
(e) not applicable
<PAGE>
Signature
After reasonable inquiry and to the best of the knowledge and belief of
the undersigned, the undersigned hereby certifies that the information set forth
in this Schedule 13D is true, complete and correct.
Date: October 25, 1999
/s/ Joel Dupre
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Joel Dupre
