Amended Statement of Ownership (sc 13g/a)

Date : 01/29/2019 @ 9:21PM
Source : Edgar (US Regulatory)
Stock : Magal Security Systems Ltd. - Ordinary Shares (MAGS)
Quote : 4.93  -0.01 (-0.20%) @ 3:20PM

Amended Statement of Ownership (sc 13g/a)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G/A
12/31/18

Under the Securities Exchange Act of 1934

(Amendment No. 11)

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
                          302,759
      SHARES       -----------------------------------------
- ------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6

     OWNED BY             NONE
                   -----------------------------------------
- ------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING
                          1,409,399

      PERSON       -----------------------------------------
- ------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          NONE
- - ----------------------------------------------------------
- --------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON
 9
          1,409,399


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

[_]

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

     6.12%
- - ----------------------------------------------------------
- --------------------
      TYPE OF REPORTING PERSON*
12
      IA.
- - --------------
CUSIP NUMBER -----------------------------------------------
- -----------------


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 L3 5600

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 1,409,399 shares.

(b) Percent of Class: 6.12%

(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 29, 2019

Grace & White, Inc.

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

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