Amended Statement of Ownership (sc 13g/a)
31 1월 2023 - 6:41AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
(Amendment
No. 7)
Under
the Securities Exchange Act of 1934
TEL-INSTRUMENT
ELECTRONICS CORP.
(Name
of Issuer)
Common
Stock, $0.10 par value
(Title
of Class of Securities)
879165207
(CUSIP
Number)
December
31, 2022
(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)
[X] Rule
13d-1(c)
[
] 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 disclosures provided in a prior cover
page. |
The
information required on 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 |
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
VINCENT
J. DOWLING, JR. |
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) o
(b) o |
3 |
SEC
USE ONLY
|
4 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
UNITED STATES |
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH: |
5 |
SOLE
VOTING POWER
446,470
(1)(2)
|
6 |
SHARED
VOTING POWER
0
|
7 |
SOLE
DISPOSITIVE POWER
446,470
(1)(2)
|
8 |
SHARED
DISPOSITIVE POWER
0 |
9 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
446,470
(1)(2)
|
10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ¨
|
11 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.71%
(3)
|
12 |
TYPE
OF REPORTING PERSON*
IN |
CUSIP
No. 879165207
*SEE
INSTRUCTIONS BEFORE FILLING OUT.
(1) |
Consists
of: (i) 148,134 shares of common stock, par value $0.10 per share (“Common Stock”), owned by IRA FBO Vincent J. Dowling
Jr. Pershing LLC as Custodian Roth Conversion Account; (ii) 200,000 shares of Common Stock owned by Millenium Trust Company, LLC
Custodian FBO Vincent J. Dowling, Jr., Roth IRA; (iii) 95,000 shares of Common Stock owned directly by Vincent J. Dowling Jr.; and
(iv) 3,336 shares of Common Stock held in IRA accounts for the benefit of Vincent J. Dowling Jr.'s daughter (1,112 shares) and two
sons (1,112 shares each), for which Mr. Dowling exercises control. |
(2) |
Does
not include 333,333 shares of Series A Convertible Preferred Stock (the “Series A Preferred Stock”) which are held by
Millennium Trust Company, LLC Custodian FBO Vincent J. Dowling, Jr., Roth IRA. Pursuant to certain restrictions with respect to the
Series A Preferred Stock set forth in Certificate of Amendment to the Certificate of Incorporation filed by the Company with the
Secretary of State of the State of New Jersey on November 8, 2017, such shares may not be converted into shares of Common Stock within
the next 60 days. Mr. Dowling has sole beneficial ownership of such shares of Series A Preferred Stock. |
|
|
(3) |
The
percent of class has been calculated based upon 3,255,887 shares of Common Stock issued and outstanding as of the date hereof. |
|
|
Item
1 (a) Name of Issuer:
Tel-Instrument
Electronics Corp. (the “Company”)
(b) Address
of Issuer’s Principal Executive Offices:
One
Branca Road
East
Rutherford, NJ 07073
Item
2 (a) Name of Person Filing:
Vincent
J. Dowling, Jr.
(b) Address
of Principal Office, or if None, Residence:
7
Sea Court
Vero
Beach, FL 32963
(c) Citizenship:
United
States
(d) Title
of Class of Securities:
Common
Stock, $0.10 par value per share
(e) CUSIP
Number:
879165207
Item
3 If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
Not
Applicable
Item
4 Ownership:
Provide
the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount
beneficially owned:
Please
see Item 9 of cover page.
(b) Percent
of Class:
Please
see Item 11 of the cover page.
(c)
Number of shares as to which such person has:
(i) Sole
power to vote or to direct the vote:
Please
see Item 5 of the cover page.
(ii)
Shared power to vote or to direct the vote:
Please
see Item 6 of the cover page.
(iii) Sole
power to dispose or to direct the disposition of:
Please
see Item 7 of the cover page.
(iv) Shared
power to dispose or to direct the disposition of:
Please
see Item 8 of the cover page.
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:
By
signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction having that purpose or effect.
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.
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Dated: January
30, 2023 |
|
/s/
Vincent J. Dowling, Jr. |
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Vincent
J. Dowling, Jr. |
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Tel Instrument Electronics (QB) (USOTC:TIKK)
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Tel Instrument Electronics (QB) (USOTC:TIKK)
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부터 11월(11) 2023 으로 11월(11) 2024