SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
UNIVERSAL SECURITY INSTRUMENTS, INC.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
913821302
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(CUSIP Number)
March 31, 2004
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(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)
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(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 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).
CUSIP No. 913821302 SCHEDULE 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
BRUCE PAUL
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
80,725
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6 SHARED VOTING POWER
NUMBER OF
BENEFICIALLY -0-
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 80,725
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
80,725
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
|-|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.9%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 913821302 SCHEDULE 13G Page 3 of 5 Pages
Item 1(a) Name of Issuer
UNIVERSAL SECURITY INVESTMENTS, INC.
Item 1(b) Address of Issuer's Principal Executive Office
7-A Gwynns Mill Court
Owings Mill, MD 21117
Item 2(a) Name of Person Filing
Bruce Paul
Item 2(b) Address of Principal Business Office
1 Hampton Road
Purchase, NY 10577
Item 2(c) Citizenship
United States
Item 2(d) Title of Class of Securities
Common Stock, par value $0.01 per share
CUSIP No. 913821302 SCHEDULE 13G Page 4 of 5 Pages
Item 2(e) CUSIP Number 913821302
Item 3 If this statement is filed pursuant to Rules 13d-1(b) or 13-2(b)
or (c), check whether the person filing is a:
(a) |_| Broker of Dealer registered under Section 15 of the
Act
(b) |_| Bank as defined in Section 3(a)(6) of the Act
(c) |_| Insurance company as defined in Section 3(a)(19) of
the Act
(d) |_| Investment Company registered under section 8 of the
Investment Company Act of 1940
(e) |_| An Investment Adviser in accordance with
13-1(b)(1)(ii)(E)
(f) |_| An Employee Benefit Plan or Endowment Fund in
accordance with 13d-1(b)(1)(ii)(F)
(g) |_| A Parent Holding Company or Control Person in
accordance with 13d-1(b)(1)(ii)(G)
(h) |_| A Savings Association as defined in Section 3(b) of
the Federal Deposit Insurance Act
(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
(j) |_| Group, in accordance with 13d-1(b)(1)(ii)(J)
Item 4 Ownership
Item 4(a)(b) (c) Amount Beneficially Owned, percent of class and number of
shares as to which person has voting and dispositive power:
As of March 31, 2004, the amount of shares beneficially owned by the reporting
person is 80,725 or 6.9% percent of class, consisting of the following (i)
73,000 shares owned directly by Mr. Paul, (ii) 6,300 shares as custodian for his
son and (iii) 1,425 shares owned by Mr. Paul's wife. Mr. Paul disclaims
beneficial ownership to the shares owned by his wife and son.
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
Not applicable
CUSIP No. 913821302 SCHEDULE 13G Page 5 of 5 Pages
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.
Date: April 1, 2004
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Bruce Paul