SEC FORM 3

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^*

Horowitz Linda

(Last)

(First)

(Middle)

C/O RICHARD A. HOROWITZ, AS EXECUTOR

90 WHEATLEY ROAD

(Street)

OLD WESTBURY

11568

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/24/1994

3. Issuer Name and Ticker or Trading Symbol
P&F INDUSTRIES INC [ PFIN ]

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)
Class A Common Stock	660,200⁽¹⁾	D
Class A Common Stock	22,200⁽¹⁾	I	As Custodian for Daughter
Class A Common Stock	135,400⁽¹⁾	I	By Spouse
Preferred Stock	2,600⁽¹⁾	I	As Custodian for Daughter

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Incentive Stock Option	⁽²⁾	08/06/1997	Class A Common Stock	450,000⁽²⁾	$2.0625	I	By Spouse

Explanation of Responses:

1. Reflects amount of securities beneficially owned as of January 24, 1994.

2. Such options were cancelled and terminated on June 30, 1994. Such options were granted on August 6, 1992 and were exercisable immediately, but only to the extent that the aggregate number of shares acquired after the grant date of such options by principal officers of the Company pursuant to options granted prior to the grant date by the Company, and purchasable under exercised options granted prior to the grant date by the Company then held by principal officers (exclusive of the shares underlying such options), had not exceeded 1,137,000. For purposes of such options, principal officers means persons who then are or formerly had been officers of the Company and who then are or had been members of the Company?s Board of Directors.

Remarks:

	/s/ Richard A. Horowitz, as Executor of the Estate of Linda Horowitz	05/23/2007
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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