TAITRON COMPONENTS INC — Major Shareholding Notification 2010

Feb 16, 2010

SC 13G/A 1 formsc13ga.htm STEWART WANG SC13GA 12-31-2009 formsc13ga.htm Licensed to: EDGARfilings Document Created using EDGARizer 5.1.5.0 Copyright 1995 - 2009 Thomson Reuters. All rights reserved.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G /A

Information Statement Pursuant to Rules 13d-1 and 13d-2

Under the Securities Exchange Act of 1934

(Amendment No. 12)*

TAITRON COMPONENTS INCORPORATED

(Name of Issuer)

CLASS A COMMON STOCK, PAR VALUE $.001 PER SHARE

(Title of Class of Securities)

874028103

(CUSIP Number)

December 31, 2009

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

o 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).

CUSIP No. 874028103

| 1. | Names
of Reporting Persons. I.R.S.
Identification Nos. of above persons (entities only). Stewart
Wang |
| --- | --- |
| 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 of America |

| NUMBER OF | 5. | Sole
Voting Power |
| --- | --- | --- |
| SHARES | | 1,048,058
** |
| BENEFICIALLY | | |
| OWNED BY | 6. | Shared
Voting Power |
| EACH | | |
| REPORTING | 7. | Sole
Dispositive Power |
| PERSON | | |
| WITH | | 1,048,058
** |
| | 8. | Shared
Dispositive Power |

| 9. | Aggregate
Amount Beneficially Owned by Each Reporting Person 1,048,058
** |
| --- | --- |
| 10. | Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ¨ |
| 11. | Percent
of Class Represented by Amount in Row (9) 18.92% |
| 12. | Type
of Reporting Person (See Instructions) IN |

** Includes 762,612 shares of Class A Common Stock issuable upon conversion of 762,612 shares of Class B Common Stock (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); 19,216 shares of Class A Common Stock; 21,024 shares of Class A Common Stock owned by Mr. Wang's spouse; 112,706 shares of Class A Common Stock held by 401(k) and IRA trusts; and 132,500 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 | |
| --- | --- | --- | --- |
| | (b) | Address
of Issuer’s Principal Executive Offices: | |
| | | 28040
West Harrison Parkway | |
| | | Valencia,
California 91355 | |
| Item
2. | (a) | Name
of Person Filing: Stewart
Wang | |
| | (b) | Address
of Principal Business Office or, if none, Residence: | |
| | | 28040
West Harrison Parkway | |
| | | Valencia,
California 91355 | |
| | (c) | Citizenship: United States of
America | |
| | (d) | Title
of Class of Securities: Class A Common Stock, par value
$0.001 per share | |
| | (e) | CUSIP
Number: 874028103 | |
| Item
3. | If this statement is filed
pursuant to Sec.Sec.240.13d-1(b), or 240.13d-2(b) or (c), check whether
the person filing is a: Not
Applicable | | |
| | (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 of1940
(15 U.S.C. 80a-8). |
| | (e) |  | An
investment adviser in accordance with
Sec.240.13d-1(b)(1)(ii)(E); |
| | (f) |  | An
employee benefit plan or endowment fund in accordance with
Sec.240.13d-1(b)(1)(ii)(F); |
| | (g) |  | A
parent holding company or control person in accordance with
Sec.240.13d-1(b)(ii)(G); |
| | (h) |  | A
savings association 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 Sec.240.13d-1(b)(1)(ii)(J). |
| Item
4. | Ownership. | | |
| | (a) | Amount
beneficially owned: 1,048,058 ** | |
| | (b) | Percent
of class: 18.92% | |
| | (c) | Number
of shares as to which the person has: | |
| | | | (i)
Sole power to vote or to direct the vote: 1,048,058 ** |
| | | | (ii)
Shared power to vote or to direct the vote: 1,048,058 ** |
| | | | (iii)
Sole power to dispose or to direct the disposition of: 1,048,058 ** |
| | | | (iv)
Shared power to dispose or to direct the disposition of: 1,048,058 ** |
| 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 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 | | |

** Includes 762,612 shares of Class A Common Stock issuable upon conversion of 762,612 shares of Class B Common Stock (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); 19,216 shares of Class A Common Stock; 21,024 shares of Class A Common Stock owned by Mr. Wang's spouse; 112,706 shares of Class A Common Stock held by 401(k) and IRA trusts; and 132,500 shares of Class A Common Stock underlying options that are, or will within 60 days of the date hereof be, exercisable.

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
16, 2010 |
| --- |
| (Date) |
| /s/ Stewart
Wang |
| (Signature) |
| Stewart
Wang / President and Chief Executive Officer |
| (Name/Title) |