Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
Amendment No. 12
Universal Security Instruments, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
913821302
(CUSIP Number)
November 19, 2014
(Date of Event which
Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 in 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).
| CUSIP No. 913821302 |
| 1. |
NAMES OF REPORTING PERSONS |
| 2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| 3. | SEC USE ONLY |
| 4. |
CITIZENSHIP OR PLACE OF
ORGANIZATION |
| NUMBER OF SHARES |
5. | SOLE VOTING POWER 91,000 |
| BENEFICIALLY OWNED BY | 6. | SHARED VOTING POWER 0 |
| EACH REPORTING |
7. | SOLE DISPOSITIVE POWER 91,000 |
| PERSON WITH |
8. | SHARED DISPOSITIVE POWER 700 |
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON |
| 10. |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |
| 11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
| 12. |
TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS) |
| CUSIP No. 913821302 |
Item 1 (a) Name of Issuer
Universal Security Instruments, Inc.
Item 1 (b) Address of Issuer’s Principal Executive Offices
11407 Cronhill Drive, Suite A, Owings Mills, Maryland 21117
Item 2 (a) Name of Person Filing
North Star Investment Management Corp.
Item 2 (b) Address of Principal Business Office or, if None, Residence
20 N. Wacker Drive, Suite 1416, Chicago, Illinois 60606.
Item 2 (c) Citizenship
Delaware
Item 2 (d) Title of Class of Securities
Common Stock
Item 2 (e) CUSIP Number
913821302
Item 3 If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
| (a) |
[ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
| (b) |
[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| (c) |
[ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
| (d) |
[ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| (e) |
[X] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) |
[ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| (g) |
[ ] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| (h) |
[ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) |
[ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); |
| (j) |
[ ] A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
| (k) |
[ ] Group, in accordance with §240.13d-1(b)(1)(ii)(K); |
| CUSIP No. 913821302 |
Item 4 Ownership
The information reported below in this Item 4 is as of November 19, 2014. The percentage set forth in Item 4(b) is based on 2,312,887 shares of Common Stock outstanding as of November 14, 2014, as reported in the Issuer’s Form 10-Q for the period ended September 30, 2014 (filed November 19, 2014).
| (a) |
Amount beneficially owned: 91,700 |
| (b) |
Percent of class: 4.0% |
| (c) |
Number of shares as to which such person has: |
| (i) |
Sole power to vote or to direct the vote: 91,000 | |
| (ii) |
Shared power to vote or to direct the vote: 0 | |
| (iii) |
Sole power to dispose or to direct the disposition: 91,000 | |
| (iv) |
Shared power to dispose or to direct the disposition: 700 |
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5% of the class of securities, check the following [x].
Item 6 Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
Not Applicable.
Item 8 Identification and Classification of Members of the Group
Not Applicable.
Item 9 Notice of Dissolution of Group
Not Applicable.
Item 10 Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and were held in the ordinary course of business and were not acquired and were not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and were not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a -11.
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: December 5, 2014
NORTH STAR INVESTMENT MANAGEMENT CORP.
| By: | /s/ Peter Gottlieb |
| Name: Peter Gottlieb | |
| Title: President |