SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 11)* BEL FUSE, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 07734710-2 - -------------------------------------------------------------------------------- (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 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. 07734710-2 - -------------------------------------------------------------------------------- (1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons: Elliot Bernstein, ###-##-#### - -------------------------------------------------------------------------------- (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 - -------------------------------------------------------------------------------- Number of Shares Beneficially Owned by Each (5) Sole Voting Power: 466,031* Reporting Person With (6) Shared Voting Power: 55,400** (7) Sole Dispositive Power: see box 5 (8) Shared Dispositive Power: see box 6 - -------------------------------------------------------------------------------- * Includes 10,000 shares issuable upon exercise of stock options and 4,111 shares held in Far East Retirement Plan. ** Consists of 26,800 shares held by wife and 28,600 shares held by not-for- profit corporation of which Mr. Bernstein is president and trustee. (9) Aggregate Amount Beneficially Owned by Each Reporting Person: 521,431 - -------------------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9): 10.3% - -------------------------------------------------------------------------------- (12) Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- Item 1(a). Name Of Issuer: Bel Fuse, Inc. - -------------------------------------------------------------------------------- Item 1(b). Address of Issuer's Principal Executive Offices: 198 Van Vorst Street, Jersey City, New Jersey 07302 - -------------------------------------------------------------------------------- Item 2(a). Name of Person Filing: Elliot Bernstein - -------------------------------------------------------------------------------- Item 2(b). Address of Principal Business Office or, if None, Residence: c/o Bel Fuse, Inc., 198 Van Vorst Street, Jersey City, New Jersey 07302 - -------------------------------------------------------------------------------- Item 2(c). Citizenship: United States - -------------------------------------------------------------------------------- Item 2(d). Title of Class of Securities: Common Stock - -------------------------------------------------------------------------------- Item 2(e). CUSIP No.: 07734710-2 - -------------------------------------------------------------------------------- Item 3. If This Statement Is Filed Pursuant to Rules 13d-1(b), or 13d-2(b), check whether the Person Filing is a (a) [ ] Broker or 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. (e) [ ] Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment fund; see Rule 13d-1(b)(1)(ii)(H). (g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G) (Note: See Item 7). (h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H). Item 4. Ownership (a) Amount Beneficially Owned (as of December 31, 1996): 521,431 (b) Percent of Class (as of December 31, 1996): 10.3% (c) Number of Shares as to which such person has: (i) sole power to vote or to direct the vote 466,031* (ii) shared power to vote or to direct the vote 55,400** (iii) sole power to dispose or to direct the disposition of 466,031* (iv) shared power to dispose or to direct the disposition of 55,400** * Includes 10,000 shares issuable upon exercise of stock options and 4,111 shares held in Far East Retirement Plan. ** Consists of 26,800 shares held by wife and 28,600 shares held by not-for- profit corporation of which Mr. Bernstein is president and trustee. 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. N/A 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 11, 1997 _______________________________ (Date) ELLIOT BERNSTEIN By: /s/ Laura R. Kuntz ________________________________ (Signature) Laura R. Kuntz, Attorney-in-Fact _________________________________ (Name/Title)