Grace & White Inc/NY – ‘SC 13G/A’ on 2/3/20 re: Magal Security Systems Ltd

On:  Monday, 2/3/20, at 4:51pm ET   ·   Accession #:  903064-20-5   ·   File #:  5-53191

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Amendment to Statement of Acquisition of Beneficial Ownership by a Passive Investor   —   Sch. 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Grace & White, Inc. Mags 13G/A 12/31/19                5±    16K 

Document Table of Contents

SC 13G/A
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UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION    
WASHINGTON, D.C.  20549 

SCHEDULE 13G/A
12/31/19  

Under the Securities Exchange Act of 1934 

(Amendment No. 12)    

MAGAL SECURITY SYSTEMS LTD.   
(Name of Issuer)  

Ordinary Shares, NIS 1.0 Par Value  
(Title of Class of Securities)  

M6786D104   
(CUSIP Number)  

Check the following box if a fee is being paid with this                        
statement [    ].  (A                                                           
fee is not required only if the filing person:  (1) has a                       
previous statement on                                                           
file reporting beneficial ownership of more than five                           
percent of the class of                                                         
securities described in Item 1; and (2) has filed no                            
amendment subsequent                                                            
thereto reporting beneficial ownership of five percent or                       
less of such class.)                                                            
(See Rule 13d-7).                                                               

*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).                                                                         

Page 1 of 5 pages 

- --------------------------------------------                                  
CUSIP NO.  M6786D104              13G/A                                     
PAGE 2 OF 5 PAGES                                                               
- -----------------------                                                       
--------------------                                                            

- ----------------------------------------------------------                    
--------------------                                                            
NAME OF REPORTING PERSON                                            
1    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                        

GRACE & WHITE, INC.                                                 

#13-2884675                                                         
- ----------------------------------------------------------                    
--------------------                                                            
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                   
2                                                                             
(a) [_]                                                                         

(b) [_]                                                                         

- ----------------------------------------------------------                    
--------------------                                                            
SEC USE ONLY                                                        
3                                                                             

- ----------------------------------------------------------                    
--------------------                                                            
CITIZENSHIP OR PLACE OF ORGANIZATION                                
4                                                                             

NEW YORK, U.S.A.                                                    
- ----------------------------------------------------------                    
--------------------                                                            
SOLE VOTING POWER           
5                                     
NUMBER OF                                                             
336,788                     
SHARES       -----------------------------------------              
------------------                                                              
SHARED VOTING POWER         
BENEFICIALLY      6                                                       

OWNED BY             NONE                                             
----------------------------------------- 
------------------                                                              
EACH               SOLE DISPOSITIVE POWER                         
7                                     
REPORTING                                                               
1,426,582                   

PERSON       -----------------------------------------              
------------------                                                              
SHARED DISPOSITIVE POWER    
WITH          8                                                   
NONE                        
- ----------------------------------------------------------                    
--------------------                                                            
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING               
PERSON                                                                
9                                                                             
1,426,582                                                   

- ----------------------------------------------------------                    
--------------------                                                            
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES               
CERTAIN SHARES*                                                     
10                                                                              

[_]                                                                             

- ----------------------------------------------------------                    
--------------------                                                            
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                   
11                                                                              

6.16%                                                                 
- ----------------------------------------------------------                    
--------------------                                                            
TYPE OF REPORTING PERSON*                                           
12                                                                              
IA.                                                                 
- --------------                                                                
CUSIP NUMBER -----------------------------------------------                    
-----------------                                                               

SC 13G/A
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M6786D104             Page 3 Of 5 Pages                                       

Item 1.                                                                         
(a) Name of Issuer:  MAGAL SECURITY SYSTEMS LTD.                        
--------------                                                  

(b) Address of Issuer's Principal Executive Offices:                    
-----------------------------------------------                 
P.O BOX 70,                                                     
Industrial Zone                                                 
Yehud,Israel 5610001                                            

Item 2.                                                                         
(a) Name of Person Filing:    Grace & White, Inc.                       
---------------------                                           

(b) Address of Principal Business Office:                               
------------------------------------                            
Grace & White, Inc.                                             
515 Madison Ave., Suite 1700                                    
New York, New York 10022                                        

(c) Citizenship:       New York Corporation                             
-----------                                                     

(d) Title of Class of Securities:  Ordinary Shares, NIS 1.0 Par Value   
----------------------------                                    

(e) CUSIP Number: M6786D104                                             
------------                                                    

Item 3. If this statement is filed pursuant to Rule 13d-                        
1(b),                                                                           
---------------------------------------------------             
-                                                                               
or 13d-2(b), check whether the person filing is a:              
---------------------------------------------------             
(e) X  Investment adviser registered under Section 203 of                     
--- the Investment Advisers Act of 1940.                                

Item 4. Ownership.                                                              
---------                                                       

(a) Amount beneficially owned:                                          
--------------------------                                      
The shares of Common Stock beneficially owned by                
Grace & White, Inc. by this Schedule amount to                  
1,426,582 shares.                                               

(b) Percent of Class:                                                   
-----------------                                               
6.16%                                                           

(c) For information on voting and dispositive power with                
above listed shares, see Items 5-8 of the Cover Page.           

Item 5. Ownership of Five Percent or Less of a Class.                           
--------------------------------------------                    

N/A                                                             

Item 6. Ownership of more than Five Percent on Behalf of                        
Another Person                                                  
----------------------------------------------------            
N/A                                                           

Item 7. Identification and Classification of the Subsidiary                     
Which Acquired the Security Being Reported on                   
By the Parent Holding Company.                                  
-------------------------------------------------------             

N/A.                                                            

Item 8. Identification and Classification of Members of the                     
Group.                                                          
----------------------------------------------------            

N/A                                                             

Item 9. Notice of Dissolution of Group.                                         
------------------------------                                  

N/A.                                                            

Item 10.  Certification.                                                        
-------------                                               

By signing below, I certify that, to the best of my                   
knowledge and belief, the securities referred to above                
were acquired in the ordinary course of business and                  
were not acquired for the purpose of and do not have                  
the effect of changing or influencing the control of                  
the issuer of such securities and were not acquired in                
connection with or as a participant in any transaction                
having such purposes 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: January 31, 2020                                                          

Grace & White, Inc.       

By:/s/ MARC E. RAVITZ     
----------------- 
     Marc E. Ravitz, CFA
          Executive Vice President

Dates Referenced Herein   and   Documents Incorporated by Reference

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Filed on:		2/3/20							SC 13G/A
		1/31/20		2
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