-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QjN60/dxqpveDOCMj3hRHm+8LpyZW/qAz6N6FoND7xqjAd9qs1WkyuC/nohRcIwg aEFW7EJ1IkwpO7T8ap4OsA== 0000907098-97-000011.txt : 19970222 0000907098-97-000011.hdr.sgml : 19970222 ACCESSION NUMBER: 0000907098-97-000011 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970213 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN ELECTRONICS CORP CENTRAL INDEX KEY: 0000800286 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045] IRS NUMBER: 222715444 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-37943 FILM NUMBER: 97530016 BUSINESS ADDRESS: STREET 1: 4916 N ROYAL ATLANTA DR CITY: TUCKER STATE: GA ZIP: 30085 BUSINESS PHONE: 7709418962 MAIL ADDRESS: STREET 1: 4916 NORTH ROYAL ATLANTA DRIVE CITY: TUCKER STATE: GA ZIP: 30085 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DIAMOND GERALD CENTRAL INDEX KEY: 0000902757 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 4916 NORTH ROYAL ATLANTA DRIVE CITY: TUCKER STATE: GA ZIP: 30085 BUSINESS PHONE: 4044918962 MAIL ADDRESS: STREET 1: 4916 NORTH ROYAL ATLANTA DRIVE CITY: TUCKER STATE: GA ZIP: 30084 SC 13G 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ____________________________ SCHEDULE 13G (Rule 13d-2) INFORMATION STATEMENT PURSUANT TO RULES 13d-1 OR 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 9)[superscript 1] Southern Electronics Corporation (Name of Issuer) Common Stock, $.01 par value (Title of Class of Securities) 842811 10 1 (CUSIP Number) 1 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 the 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 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. 842811 10 1 13G Page 2 of 6 Pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Gerald Diamond ###-##-#### 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [box] (b) [box] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America 5. SOLE VOTING POWER 954,328 6. SHARED VOTING POWER 36,000 7. SOLE DISPOSITIVE POWER 954,328 8. SHARED DISPOSITIVE POWER 36,000 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 990,328 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [box] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.9% 12. TYPE OF REPORTING PERSON IN Item 1(a). Name of Issuer: Southern Electronics Corporation Item 1(b). Address of Issuer's Principal Executive Offices 4916 North Royal Atlanta Drive Atlanta, Georgia 30085 Item 2(a). Name of Person Filing: Gerald Diamond Item 2(b). Address of Principal Business Office or, if None, Residence: 4916 North Royal Atlanta Drive Atlanta, Georgia 30085 Item 2(c). Citizenship: United States of America Item 2(d). Title of Class of Securities: Common Stock, $.01 par value Item 2(e). CUSIP Number: 842811 10 1 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: Inapplicable Item 4. Ownership: (a) Amount beneficially owned: 990,328 (1)(2) (b) Percent of class: 12.9% Number of shares as to which such person has (i) sole power to vote or to direct the vote: 954,328(1) (ii) shared power to vote or to direct the vote: 36,000(2) (iii) sole power to dispose or to direct the disposition of: 954,328(1) (iv) shared power to dispose or to direct the disposition of: 36,000(2) (1) Includes 500,416 shares held of record by SED Associates, a general partnership of which the reporting person is the managing partner. As managing partner, the reporting person has sole voting and dispositive powers over all the shares owned by the partnership. See Item 6. Also includes 450,000 shares subject to options exercisable on or before March 1, 1997 and 3,912 shares held in a custodial account for which the reporting person is the sole custodian. (2) Includes 36,000 shares subject to options granted to the reporting person's wife, Jean Diamond, exercisable on or before March 1, 1997. The reporting person disclaims beneficial ownership of such shares. Item 5. Ownership of Five Percent or Less of a Class: Inapplicable Item 6. Ownership of More than Five Percent on Behalf of Another Person: Of the indicated shares, 500,416 are owned by SED Associates, a general partnership of which the reporting person is the managing partner. As managing partner, the reporting person has sole voting and dispositive powers over all the shares owned by the partnership. The general partners of SED Associates are identified in Exhibit A hereto. All of the other general partners of SED Associates have filed under separate cover a Schedule 13G reporting their respective beneficial ownership of the issuer's common stock. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being reported on by the Parent Holding Company: Inapplicable Item 8. Identification and Classification of the Members of the Group: Inapplicable Item 9. Notice of Dissolution of Group: Inapplicable Item 10. Certification: Inapplicable 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. 2/4/97 /s/ Gerald Diamond Date Signature Name: Gerald Diamond EXHIBIT A GENERAL PARTNERS OF SED ASSOCIATES *1. Gerald Diamond 2. Trust FBO Julie Diamond, c/o Mark Diamond, Trustee 3. Mark Diamond * Managing Partner -----END PRIVACY-ENHANCED MESSAGE-----