TAITRON COMPONENTS INC — Major Shareholding Notification 2002

Feb 7, 2002

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 5) TAITRON COMPONENTS INCORPORATED - ------------------------------------------------------------------------------ (Name of Issuer) CLASS A COMMON STOCK, PAR VALUE $.001 PER SHARE - ------------------------------------------------------------------------------- (Title of Class of Securities) 874028 10 3 -------------------- (CUSIP Number) ------------- * 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 coverage 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 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Stewart Wang 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America 5 SOLE VOTING POWER 870,479 NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING 870,479 PERSON WITH: 8 SHARED DISPOSITIVE POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 870,479 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 17.84 % 12 TYPE OF REPORTING PERSON IN ** Includes 762,612 shares of Class A Common Stock issuable upon conversion of 762,612 shares of Class B Common Stock owned by Mr. Wang; 2,700 shares of Class A Common Stock owned of record by Mr. Wang's wife; and; 105,167 shares of Class A Common Stock underlying options that are, or will within 60 days of the date hereof be, exercisable. The Class B Common Stock is identical in all material respects with the Class A Common Stock, except that it carries 10 votes per share as compared to 1 vote per share. ITEM 1(A). NAME OF ISSUER: Taitron Components Incorporated ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 28040 West Harrison Parkway Valencia, California 91355-4162 ITEM 2(A). NAME OF PERSON FILING: Stewart Wang ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 28040 West Harrison Parkway Valencia, California 91355-4162 ITEM 2(C). CITIZENSHIP: United States of America ITEM 2(D). TITLE OF CLASS OF SECURITIES: Class A Common Stock, par value $0.001 per share ITEM 2(E). CUSIP NUMBER: 874028 10 3 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D- 2(B), CHECK WHETHER THE PERSON FILING IS A: Not Applicable ITEM 4. OWNERSHIP: ITEM 4(A) AMOUNT BENEFICIALLY OWNED: 870,479 ITEM 4(B) PERCENT OF CLASS: 17.84 % ITEM 4(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: 870,479 ITEM 4(I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 870,479 ITEM 4(II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: ITEM 4(III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 870,479 ITEM 4(IV) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: ** Includes 762,612 shares of Class A Common Stock issuable upon conversion of 762,612 shares of Class B Common Stock owned by Mr. Wang; 2,700 shares of Class A Common Stock owned of record by Mr. Wang's wife; and; 105,167 shares of Class A Common Stock underlying options that are, or will within 60 days of the date hereof be, exercisable. The Class B Common Stock is identical in all material respects with the Class A Common Stock, except that it carries 10 votes per share as compared to 1 vote per share. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not Applicable 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. Not Applicable 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. January 31, 2002 ------------------------------------------------------ (Date) /s/ Stewart Wang, CEO and President ------------------------------------------------------ (Signature) Stewart Wang, CEO and President ------------------------------------------------------ (Name/Title) 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Tzu Sheng Ku 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Paraguay 5 SOLE VOTING POWER 1,186,362 ** NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING 1,186,362 ** PERSON WITH 8 SHARED DISPOSITIVE POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,186,362 ** 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 24.31% 12 TYPE OF REPORTING PERSON IN ** Of the 1,186,362 shares of Class A Common Stock reported herein as being beneficially owned by Tzu Sheng Ku, 81,962 shares are owned of record by Mr. Ku's wife and 133,635 shares are owned of record by Mr. Ku's three minor children and includes 17,500 shares of Class A Common Stock underlying options that are, or will within 60 days of the date hereof be, exercisable. ITEM 1(A). NAME OF ISSUER: Taitron Components Incorporated ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 28040 West Harrison Parkway Valencia, California 91355-4162 ITEM 2(A). NAME OF PERSON FILING: Tzu Sheng Ku ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: Principal Business Office: Calle Rubio NU No. 176 Cuidad Del Este, Paraguay ITEM 2(C). CITIZENSHIP: Paraguay ITEM 2(D). TITLE OF CLASS OF SECURITIES: Class A Common Stock, par value $0.001 per share ITEM 2(E). CUSIP NUMBER: 874028 10 3 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D- 2(B), CHECK WHETHER THE PERSON FILING IS A: Not Applicable ITEM 4. OWNERSHIP. ITEM 4(A) AMOUNT BENEFICIALLY OWNED: 1,186,362 ** ITEM 4(B) PERCENT OF CLASS: 24.31% ITEM 4(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: 1,186,362 ** ITEM 4(I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 1,186,362 ** ITEM 4(II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: ITEM 4(III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 1,186,362 ** ITEM 4(IV) SHARE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: ** Of the 1,186,362 shares of Class A Common Stock reported herein as being beneficially owned by Tzu Sheng Ku, 81,962 shares are owned of record by Mr. Ku's wife and 133,635 shares are owned of record by Mr. Ku's three minor children and includes 17,500 shares of Class A Common Stock underlying options that are, or will within 60 days of the date hereof be, exercisable. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not Applicable 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. Not Applicable 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. January 31, 2002 ------------------------------------------------------ (Date) /s/ Tzu Sheng Ku / Chairman ------------------------------------------------------ (Signature) Tzu Sheng Ku / Chairman ------------------------------------------------------ (Name/Title) 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard Chiang 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Taiwan 5 SOLE VOTING POWER 292,194 ** NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY OWNED BY EACH 7 SOLE DISPOSITIVE POWER REPORTING 292,194 ** PERSON WITH 8 SHARED DISPOSITIVE POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 292,194 ** 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.99% 12 TYPE OF REPORTING PERSON IN ** Included in the 292,194 shares of Class A Common Stock reported herein as being beneficially owned by Richard Chiang, are 17,500 shares of Class A Common Stock underlying options that are, or will within 60 days of the date hereof be, exercisable. ITEM 1(A). NAME OF ISSUER: Taitron Components Incorporated ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 28040 West Harrison Parkway Valencia, California 91355-4162 ITEM 2(A). NAME OF PERSON FILING: Richard Chiang ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: Principal Business Office: 2F No.233-1, Bao Chiao Road, Hsin Tein Taipei Hsien, Taiwan, R.O.C. ITEM 2(C). CITIZENSHIP: Taiwan ITEM 2(D). TITLE OF CLASS OF SECURITIES: Class A Common Stock, par value $0.001 per share ITEM 2(E). CUSIP NUMBER: 874028 10 3 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A: Not Applicable ITEM 4. OWNERSHIP. ITEM 4(A) AMOUNT BENEFICIALLY OWNED: 292,194 ** ITEM 4(B) PERCENT OF CLASS: 5.99% ITEM 4(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: 292,194 ** ITEM 4(I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 292,194 ** ITEM 4(II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: ITEM 4(III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 292,194 ** ITEM 4(IV) SHARE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: ** Included in the 292,194 shares of Class A Common Stock reported herein as being beneficially owned by Richard Chiang, are 17,500 shares of Class A Common Stock underlying options that are, or will within 60 days of the date hereof be, exercisable. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not Applicable 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. Not Applicable 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. January 31, 2002 ------------------------------------------------------ (Date) /s/ Richard Chiang / Director ------------------------------------------------------ (Signature) Richard Chiang / Director ------------------------------------------------------ (Name/Title)