UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
TRINITECH SYSTEMS, INC.
-----------------------
(Name of Issuer)
Common Stock
-----------------------------
(Title of Class of Securities)
896406-10-5
--------------
(CUSIP Number)
Joan Dacey-Seib, Esq.
Jacobs Persinger & Parker
77 Water Street, New York, New York 10005 212-344-1866
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
January 8, 1999
------------------------------------------------------
(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 sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box / /.
NOTE: Schedules filed in paper format shall include a
signed original and five copies of the schedule, including
all exhibits. See section 240.13d-7(b) for other parties to whom
copies are to be sent.
* 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 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).
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<PAGE>
SCHEDULE 13D
CUSIP No. 896406-10-5
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(1) NAMES OF REPORTING PERSONS.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Jerome Belson
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(2) CHECK THE APPROPRIATE BOX IF A (a) / /
MEMBER OF A GROUP* (b) /X/
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS*
PF
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(5) CHECK BOX IF DISCLOSURE OF LEGAL / /
PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
Not applicable.
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(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF SHARES (7) SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 511,000
REPORTING PERSON --------------------------------------
WITH (8) SHARED VOTING POWER
---
--------------------------------------
(9) SOLE DISPOSITIVE POWER
511,000
--------------------------------------
(10) SHARED DISPOSITIVE POWER
---
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
511,000 shares
- -----------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN /X/
ROW (11) EXCLUDES CERTAIN SHARES*
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.7%
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(14) TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
CUSIP No. 896406-10-5
- -----------------------------------------------------------
(1) NAMES OF REPORTING PERSONS.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Maxine Belson
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(2) CHECK THE APPROPRIATE BOX IF A (a) / /
MEMBER OF A GROUP* (b) /X/
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS*
PF
- -----------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL / /
PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
Not applicable.
- -----------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF SHARES (7) SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 30,000
REPORTING PERSON --------------------------------------
WITH (8) SHARED VOTING POWER
---
--------------------------------------
(9) SOLE DISPOSITIVE POWER
30,000
--------------------------------------
(10) SHARED DISPOSITIVE POWER
---
- -----------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
30,000 shares
- -----------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN / /
ROW (11) EXCLUDES CERTAIN SHARES*
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -----------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
CUSIP No. 896406-10-5
- -----------------------------------------------------------
(1) NAMES OF REPORTING PERSONS.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Matthew Belson
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(2) CHECK THE APPROPRIATE BOX IF A (a) / /
MEMBER OF A GROUP* (b) /X/
- -----------------------------------------------------------
(3) SEC USE ONLY
- -----------------------------------------------------------
(4) SOURCE OF FUNDS*
PF
- -----------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL / /
PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
Not applicable.
- -----------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -----------------------------------------------------------
NUMBER OF SHARES (7) SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 50,000
REPORTING PERSON --------------------------------------
WITH (8) SHARED VOTING POWER
---
--------------------------------------
(9) SOLE DISPOSITIVE POWER
50,000
--------------------------------------
(10) SHARED DISPOSITIVE POWER
---
- -----------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
50,000 shares
- -----------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN / /
ROW (11) EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%
- -----------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
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<PAGE>
SCHEDULE 13D
CUSIP No. 896406-10-5
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(1) NAMES OF REPORTING PERSONS.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
The Jerome Belson Foundation, f/k/a The Joseph Belsky
Foundation
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(2) CHECK THE APPROPRIATE BOX IF A (a) / /
MEMBER OF A GROUP* (b) /X/
- -----------------------------------------------------------
(3) SEC USE ONLY
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(4) SOURCE OF FUNDS*
WC
- -----------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL / /
PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
Not applicable.
- -----------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF SHARES (7) SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 110,000
REPORTING PERSON --------------------------------------
WITH (8) SHARED VOTING POWER
---
--------------------------------------
(9) SOLE DISPOSITIVE POWER
110,000
--------------------------------------
(10) SHARED DISPOSITIVE POWER
---
- -----------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
110,000 shares
- -----------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN / /
ROW (11) EXCLUDES CERTAIN SHARES*
- -----------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
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(14) TYPE OF REPORTING PERSON*
CO
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<PAGE>
AMENDMENT NO. 1 TO SCHEDULE 13D
Schedule 13D is hereby amended as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
is hereby amended by adding to such Item the following:
"The aggregate purchase price of the 80,000 shares of the
Common Stock of the Company purchased by Jerome Belson
during the 60 days prior to January 8, 1999 was
$535,222.00, including brokerage commissions. Mr. Belson
used his personal funds to purchase such shares of Common
Stock. In addition, the Company, in consideration of the
guarantee by Jerome Belson of a $3 million Line of Credit
Agreement between the Company and Chase Manhattan Bank,
issued to Mr. Belson warrants to purchase up to 150,000
shares of the Common Stock of the Company exercisable until
August 4, 2001 at an exercise price of $6.375 per share.
The aggregate purchase price of the 10,000 shares of the
Common Stock of the Company purchased by the Foundation
during the 60 days prior to January 8, 1999 was $89,742.75,
including brokerage commissions, which funds were from the
Foundation's capital."
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER is hereby
amended by adding to such Item the following:
"(a) As of the close of business on January 8, 1999, Jerome
Belson, Maxine Belson, Matthew Belson and The Jerome Belson
Foundation beneficially owned 511,000, 30,000, 50,000, and
110,000 shares, respectively, of the Company for an
aggregate of 701,000 shares representing approximately 7.8%
of the aggregate of (i) the outstanding Common Stock of the
Company (based on information from the Company's Quarterly
Report on Form 10-QSB for quarterly period ended September
30, 1998 which indicates 8,788,530 shares of Common Stock
outstanding), and (ii) 150,000 shares, which shares are
issuable upon the exercise of Mr. Belson's warrants."
"(b) Under the definition of beneficial ownership in Rule
13d-3 under the Securities Exchange Act of 1934 (the
"Act"), Jerome Belson may also be deemed to be a beneficial
owner of the 110,000 shares of the Company owned by The
Jerome Belson Foundation because Mr. Belson, in his
capacity as president of the Foundation, might be deemed to
have the power to dispose of and vote the shares of the
Company owned by the Foundation. However, neither the
filing of this statement nor any of its contents shall be
deemed to construe an admission that Mr. Belson is the
owner of the shares of the Company beneficially owned by
the Foundation for purposes of Section 13(d) of the Act or
for any other purpose."
"(c) During the 60 days preceding January 8, 1999, Jerome
Belson purchased shares of the Common Stock of the Company
as described below. All transactions were open market
purchases made on the American Stock Exchange except for
50,000 shares of Common Stock which were purchased by Mr.
Belson on November 17, 1998 from the Company in a private
placement at a price of $6 per share.
DATE SHARES PURCHASED PRICE PER SHARE
11/9/98 5,000 $8-1/4
11/9/98 1,000 $7-7/8
11/9/98 2,000 $8-1/8
11/9/98 2,000 $8
11/11/98 2,000 $7-13/16
11/11/98 1,000 $7-7/8
1/8/99 1,000 $9-1/8
During the 60 days preceding January 8, 1999, The Jerome
Belson Foundation purchased shares of the Common Stock of
the Company as described below. All transactions were open
market purchases made on the American Stock Exchange.
DATE SHARES PURCHASED PRICE PER SHARE
11/19/98 2,000 $8-1/2
11/20/98 4,500 $9-1/16
11/20/98 3,500 $9-1/8"
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, the undersigned certify that the information
set forth in this statement is true, complete and correct.
Dated: January 22, 1999
/s/ Jerome Belson
-----------------------------
Jerome Belson
/s/ Maxine Belson
-----------------------------
Maxine Belson
/s/ Matthew Belson
-----------------------------
Matthew Belson
The Jerome Belson Foundation
By: /s/ Jerome Belson
-------------------------
Jerome Belson, President
