UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

HEAD N.V.
(Name of Issuer)

NYSE REGISTRY ORDINARY SHARES
(Title of Class of Securities)

422070102
(CUSIP Number)

December 31, 2007
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)

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. 422070102

1. NAME OF REPORTING PERSONS
 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 Aegis Financial Corporation
 54-1712996

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
 (b) X

3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware

NUMBER OF 5. SOLE VOTING POWER 2,020,600
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 2,020,600
REPORTING PERSON
WITH 8. SHARED DISPOSITIVE POWER 0

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,020,600

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES [ ]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.1%

12. TYPE OF REPORTING PERSON
 IA



Cusip No. 422070102

1. NAME OF REPORTING PERSONS
 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 William S. Berno
 N/A

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
 (b) X

3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION
 United States

NUMBER OF 5. SOLE VOTING POWER 0
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 2,020,600
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 0
REPORTING PERSON
WITH 8. SHARED DISPOSITIVE POWER 2,020,600

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,020,600

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES [ ]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.1%

12. TYPE OF REPORTING PERSON
 IN



Cusip No. 422070102

1. NAME OF REPORTING PERSONS
 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 SCOTT L. BARBEE
 N/A

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
 (b) X

3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION
 United States

NUMBER OF 5. SOLE VOTING POWER 15,000
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 2,020,600
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 15,000
REPORTING PERSON
WITH 8. SHARED DISPOSITIVE POWER 2,020,600

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,035,600

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES [ ]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.1%

12. TYPE OF REPORTING PERSON
 IN




Cusip No. 422070102

Schedule 13G Additional Information

Item #
1. (a) Name of Issuer:
 HEAD N.V.

 (b) Address of Issuer's Principal Executive Offices:
 Rokin 55
 1012 KK Amsterdam
 The Netherlands

2. (a) Name of Persons Filing:
 (i) Aegis Financial Corporation ("AFC")
 (ii) WILLIAM S. BERNO ("BERNO")
 (iii) SCOTT L. BARBEE ("BARBEE")

 (b) Address of Principal Business Office for Each of the Above:
 1100 NORTH GLEBE ROAD, SUITE 1040
 ARLINGTON, VIRGINIA 22201

 (c) Citizenship:
 (i) AFC: Delaware
 (ii) Berno: United States
 (iii) Barbee: United States

 (d) Title of Class of Securities: NYSE Registry Ordinary Shares

 (e) CUSIP Number: 422070102

3. This statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c).
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) [x] Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
 provisions of the Employee Retirement Income Security Act
 of 1974 or Endowment Fund;
 (g) [ ] Parent Holding Company, in accordance with 240.13d-1(b)(ii)(G);
 (h) [ ] Savings association as defined in Section 3(b) of the Federal
 Deposit Insurance Act;
 (i) [ ] Church plan that is excluded from the definition of an
 investment company under section 3(c)(14) of the
 Investment Company Act;
 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J)

4. Ownership:
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
 (a) Amount Beneficially Owned:
 (i) AFC: 2,020,600
 (ii) Berno: 2,020,600
 (iii) Barbee: 2,035,600

 (b) Percent of Class:
 (i) AFC: 5.1%
 (ii) Berno: 5.1%
 (iii) Barbee: 5.1%

 (c) Number of shares as to which such person has:
 (1) Sole power to vote or to direct the vote:
 (i) AFC: 2,020,600
 (ii) Berno: 0
 (iii) Barbee: 15,000

 (2) Shared power to vote or to direct the vote:
 (i) AFC: 0
 (ii) Berno: 2,020,600
 (iii) Barbee: 2,020,600

 (3) Sole power to dispose or to direct the disposition of:
 (i) AFC: 2,020,600
 (ii) Berno: 0
 (iii) Barbee: 15,000

 (4) Shared power to dispose or to direct the disposition of:
 (i) AFC: 0
 (ii) Berno: 2,020,600
 (iii) Barbee: 2,020,600

5. Ownership of Five Percent or Less of a Class: Not Applicable

6. Ownership of More than Five Percent on Behalf of Another Person:
 Not Applicable

7. Identification and Classification of the Subsidiary Which Acquired
 the Security Being Reported on by the Parent Holding Company:
 Not Applicable

8. Identification and Classification of Members of the Group:
 Not Applicable
9. Notice of Dissolution of Group: Not Applicable

10. Certification:

 By signing below, the undersigned certify that, to the best
 of their knowledge and belief, the securities referred to
 above were acquired and are held in the ordinary course of
 business and 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.

 In accordance with Rule 13d-4 of the Securities Exchange Act
 of 1934, each of the persons filing this statement expressly
 disclaim the beneficial ownership of the securities covered
 by this statement and the filing of this report shall not be
 construed as an admission by such persons that they are the
 beneficial owners of such securities.



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.

 Aegis Financial Corporation

Date: FEBRUARY 14, 2008 By: /s/ William S. Berno
 --------------------
 WILLIAM S. BERNO
 MANAGING DIRECTOR


Date: FEBRUARY 14, 2008 By: /s/ William S. Berno
 --------------------
 WILLIAM S. BERNO


Date: FEBRUARY 14, 2008 By: /s/ Scott L. Barbee
 --------------------
 SCOTT L. BARBEE



 EXHIBIT 1

 JOINT FILING AGREEMENT AMONG AEGIS FINANCIAL CORPORATION,
 WILLIAM S. BERNO AND SCOTT L. BARBEE

WHEREAS, in accordance with Rule 13d-1(k) under the Securities and
Exchange Act of 1934 (the "Act"), only one joint statement and any
amendments thereto need to be filed whenever one or more persons
are required to to file such a statement or any amendments thereto
pursuant to Section 13(d) of the Act with respect to the same
securities, provided that said persons agree in writing that such
statement or amendments thereto is filed on behalf of each of them;

NOW, THEREFORE, the parties hereto agree as follows:

Aegis Financial Corporation, WILLIAM S. BERNO AND
SCOTT L. BARBEE hereby agree, in accordance with Rule 13d-1(k)
under the Act, to file a statement on Schedule 13G relating to
their ownership of Common Stock of the Issuer and do hereby
further agree that said statement shall be filed on behalf of
each of them.

 Aegis Financial Corporation

Date: FEBRUARY 14, 2008 By: /s/ William S. Berno
 --------------------
 WILLIAM S. BERNO
 MANAGING DIRECTOR


Date: FEBRUARY 14, 2008 By: /s/ William S. Berno
 --------------------
 WILLIAM S. BERNO


Date: FEBRUARY 14, 2008 By: /s/ Scott L. Barbee
 --------------------
 SCOTT L. BARBEE

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