SC 13G 1 joelgirsky13g2002.txt JOEL GIRSKY FORM 13G 12/31/02 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 11)* _____________________________Jaco Electronics, Inc._____________________________ (Name of Issuer) ___________________________Common Stock, $0.10 Par Value________________________ (Title of Class of Securities) 469783-10-4 (CUSIP Number) __________________________December 31, 2002_____________________ Date of Event Which Requires Filing of this Statement Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) |X| 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 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 ("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). 1 --------- ---------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Joel H. Girsky --------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) --------- ---------------------------------------------------------------------- 3 SEC USE ONLY --------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States --------------------------------- ----- ---------------------------------------- Number of 5 SOLE VOTING POWER Shares 1,101,640 shares 17.8% Beneficially ----- ---------------------------------------- Owned By Each Reporting Person With ----- ---------------------------------------- 6 SHARED VOTING POWER 0 shares 0% ----- ---------------------------------------- 7 SOLE DISPOSITIVE POWER 1,101,640 shares 17.8% ----- ---------------------------------------- 8 SHARED DISPOSITIVE POWER 0 shares 0% --------- ---------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,101,640 shares --------- ------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) --------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 17.8% --------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN --------- ---------------------------------------------------------------------- 2 Cusip No. 469783-10-4 13G This statement constitutes Amendment No. 11 to the Schedule 13G previously filed by the Reporting Person. No other changes in any information previously reported have occurred, except as set forth in this or prior Amendments. Item 1. (a) Jaco Electronics, Inc. (b) Address of Issuer's Principal Executive Offices 145 Oser Avenue Hauppauge, NY 11788 Common Stock, $0.10 per share (CUSIP No. 469783-10-4) Item 2. 1. (a) Name of Person Filing: Joel H. Girsky (b) Address of Principal Business Office, or, if none,Residence: 145 Oser Avenue Hauppauge, New York 11788 (c) Citizenship: United States (d) Title of Class of Securities: Common Stock, $0.10 par value per share (e) CUSIP Number: 469783-10-4 Item 3. If this statement is filed pursuant to ss.240.13d-1(b) or 240.13d-2(b) or (c), check whether the person 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). 3 (e) An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G); (h) A savings associations 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 of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). Item 4. Ownership. (a) Amount Beneficially Owned: 1,101,640 shares (1,2) (b) Percent of Class: 17.8% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,101,640(1,2) shares (ii) shared power to vote or to direct the vote: 0 shares (iii) sole power to dispose or to direct the disposition of: 1,101,640(1,2) shares (iv) shared power to dispose or to direct the disposition of: 0 shares Item 5. Ownership of Five Percent or Less of a Class. -------- 1 Includes 360,000 shares of Common Stock acquirable pursuant to the exercise of options granted under the Issuer's 1993 Non-Qualified Stock Option Plan, 37,500 shares of Common Stock awarded under the Issuer's Restricted Stock Plan and 50,000 shares of Common Stock acquirable pursuant to the exercise of options granted under the Issuer's 2000 Stock Option Plan. 2 Does not include 25,000 shares of Common Stock acquirable pursuant to options that are not exercisable within 60 days granted to Joel Girsky under the Issuer's 2000 Stock Option Plan. 4 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 five percent of the class of securities, check the following. Instruction: Dissolution of a group requires a response to this item. 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 or Control Person. 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. Not Applicable.
5 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. February 12, 2003 ----------------- Date /s/ Joel H. Girsky ------------------- Signature Joel H. Girsky -------------------- Name/Title Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). 6