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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

FORM 4
/X/ Check this box if no longer
  subject to Section 16. Form 4
  or Form 5 obligations may
  continue.
  See Instruction 1(b)
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

(Print or Type Responses)

1.   Name and Address of Reporting Person*



Schnelling      Anthony    H.N.

(Last)       (First)       (Middle)     2. Issuer Name and Ticker or Trading Symbol



     Sentry Technology Corporation (SKVY)
6. Relationship of Reporting Person(s) to Issuer
    (Check all applicable)

____Director         ____10% Owner
____Officer(give     _X_Other (specify
   title below)                    below)
                      Former Director

c/o Stroock & Stroock & Lavan LLP,
180 Maiden Lane                (Street)

New York      New York     10038
(City)          (State)         (Zip) 3. IRS
Identification
Number of
Reporting
Person, if an
entity
(Voluntary)
4.   Statement for
        Month/Year

      March 2001

5.    If Amendment,
     Date of Original
     (Month/Year)
7. Individual or Joint/Group (Check Applicable Line

     _X_Form filed by One Reporting Person
     ___Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned

1. Title of Security
       (Instr. 3) 2. Trans-
    action
    Date


     (Month/
     Day/
     Year) 3.Trans-
   action
   Code
   (Instr. 8)

Code     V 4. Securities Acquired (A)
     or Disposed of (D)
     (Instr. 3, 4 and 5)


Amount  (A)or (D)    Price 5. Amount of
     Securities
     Beneficially
     Owned at
     End of Month

(Instr. 3 and 4) 6. Owner-
     ship
     Form:
     Direct
     (D) or
     Indirect
     (I)
     (Instr. 4) 7. Nature of
     Indirect
     Beneficial
     Owner-
     ship


(Instr. 4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB-control number.

FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1.  Title of Derivative
     Security
    (Instr. 3)



2. Conver-
   sion or
   Exercise
   Price of
   Deri-
   vative
   Security



3. Trans-
   action
   Date

(Month/
Day/
Year)



4. Trans-
   action
   Code
   Instr.
   (8)


Code    V
5. Number of
    Deriv-
    ative Securities
    Acquired
    (A) or Dis-
    posed of (D)
    (Instr. 3, 4, and
    5)

  (A)     (D) 6. Date Exer-
   cisable and
   Expiration
   Date
   (Month/Day/
   Year)

  Date     Expira-
  Exer-     tion
  cisable   Date 7. Title and Amount of
  Underlying
   Securities
  (Instr. 3 and 4)



  Title   Amount or
             Number of
             Shares 8. Price
 of
 Deriv-
 ative
 Secur-
 ity
(Instr.
 5) 9. Number
 of deriv-
 ative
 Secur-
 ities
 Bene-
 ficially
 Owned
 at End
 of
 Month
 (Instr. 4) 10. Owner-  ship
 Form of
 Deriv-  ative
 Security:
 Direct
 (D) or
 Indirect
 (I)   (Instr. 4) 11. Nature
 of
 Indirect
 Benefi-
 cial
 Owner
 ship
 (Instr. 4)

Option (Right to Buy) $0.18 10/15/99 A   V Immed.   N/A Common
Stock      200,000 200,000 D

Explanation of Responses:

/s/ Anthony H.N. Schnelling                             03/09/01                  
**Signature of Reporting Person                      Date

   Anthony H.N. Schnelling

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)

Note:   File three copies of this Form, one of which must be manually signed.  If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.