SCANSOURCE INC
SC 13G/A, 1999-02-12
COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                                 SCHEDULE 13G



                   Under the Securities Exchange Act of 1934
                              (Amendment No. 4)


                               SCANSOURCE, INC.
- --------------------------------------------------------------------------------
                               (Name of Issuer)

                     Common Stock, No Par Value Per Share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                  806037 10 7
                        ------------------------------
                                 (CUSIP Number)


                        (Continued on following pages.)
<PAGE>
 
  CUSIP NO.806037 10 7        13G
           -----------

 
- ------------------------------------------------------------------------------
      NAMES OF REPORTING PERSONS.
 1    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
                                                                                
                                                                               
      Steven H. Owings
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 2                                                              (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4                                 

      United States of America
- ------------------------------------------------------------------------------
                          
                     5    SOLE VOTING POWER                            295,119 
    NUMBER OF            
 
      SHARES       -----------------------------------------------------------
                          
   BENEFICIALLY      6    SHARED VOTING POWER                              -0-
                          
     OWNED BY
                   -----------------------------------------------------------
       EACH               
                     7    SOLE DISPOSITIVE POWER                       295,119
    REPORTING             
 
      PERSON       -----------------------------------------------------------
                          
       WITH          8    SHARED DISPOSITIVE POWER                         -0-
                          
- ------------------------------------------------------------------------------
      
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 
                                                       295,119 (See Item 4(a))
- ------------------------------------------------------------------------------
      
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
      (SEE INSTRUCTIONS)
                                                                    [_]
 
- ------------------------------------------------------------------------------
      
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                   5.3%
                                                                         

- ------------------------------------------------------------------------------
      
12    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)       
      
        IN
- ------------------------------------------------------------------------------

                               Page 2 of 4 Pages
<PAGE>
 
     This Amendment No. 4 to Schedule 13G is being filed pursuant to Rule 13d-
2(b) under the Securities Exchange Act of 1934, as amended. The initial
statement on Schedule 13G (the "Statement") was filed on February 6, 1995 by
Steven H. Owings with respect to the common stock, no par value per share (the
"Common Stock"), of ScanSource, Inc. (the "Company"), and was amended in
February of 1996 (amendment No. 1), in February of 1997 (Amendment No. 2), and
in February of 1998 (Amendment No. 3). It is hereby further amended by
amendments to Item 4, Ownership.

Item 4. Ownership.

     Items 4(a), (b), and (c) of the Statement are hereby amended by deleting 
the language contained under items 4(a), (b), and (c) of the Statement and 
substituting in their place the following:

     "(a)  Amount Beneficially Owned:
          
           Steven H. Owings has direct beneficial ownership of 295,119 shares of
           Common Stock. This amount includes 111,666 shares of Common Stock
           that Mr. Owings has the right to acquire pursuant to currently
           exercisable options and options exercisable within 60 days following
           December 31, 1998, granted by the Company to Mr. Owings. This amount
           does not include 25,834 shares of Common Stock that Mr. Owings has
           the right to acquire pursuant to stock options granted to Mr. Owings
           by the Company that are not exercisable within 60 days following
           December 31, 1998.
           
      (b)  Percent of Class: 5.3%  

                         
      (c)  Number of shares as to which Steven H. Owings has:

           (i)   Sole power to vote or to direct the vote: 295,119 
                         
           (ii)  Shared power to vote or to direct the vote: -0-
                         
           (iii) Sole power to dispose or to direct the disposition of: 295,119

           (iv)  Shared power to dispose or to direct the disposition of: -0-"

                               Page 3 of 4 Pages

<PAGE>
 
                                   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.


                                                     
                                              
                                       
                                                     /s/ STEVEN H. OWINGS
                                              ----------------------------------
                                                         Steven H. Owings
Date: February 4, 1999


                               Page 4 of 4 Pages


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