SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Goldstein Lawrence J (Last) (First) (Middle) 1865 PALMER AVE 108 (Street) LARCHMONT NY 10538 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 08/14/2014	3. Issuer Name and Ticker or Trading Symbol AMERICAN LOCKER GROUP INC [ ALGI ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Locker Group Incorporated	311,958	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series D Preferred	08/12/2014	(1)	Common Stock ($1 par)	45,000	$1	D
Call Option (Right to Purchase)	(2)	(2)	Common Stock ($1 par)	43,200	$0.01	D
Series C Preferred	01/11/2014	(3)	Common Stock ($1 par)	25,253	$1.98	D

Explanation of Responses:

1. Mr. Goldstein may convert the Series D Preferred Stock at any time after December 8, 2014. This conversion right has no expiration date, except that such right will terminate upon the redemption by the issuer of the Series D Preferred Stock.

2. In connection with Mr. Goldstein's purchase of the Series D Preferred Stock, the issuer granted Mr. Goldstein the right to purchase 43,200 shares of common stock, par value $1.00 per share, for a purchase price of $0.01 per share. Mr. Goldstein may exercise this purchase right when he elects to convert his shares of Series D Preferred Stock into shares of common stock.

3. Mr. Goldstein may convert the shares of Series C Preferred Stock at any time. This conversion right has no expiration date, except that such right will terminate upon the redemption by the issuer of the Series C Preferred Stock.

	/s/ Lawrence J. Goldstein	10/14/2014
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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