SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
TB WOOD'S CORPORATION
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE
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(Title of Class of Securities)
872226105
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(CUSIP Number)
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<PAGE>
CUSIP No. 872226105 13G
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENT1IFICATION NO. OF ABOVE PERSONS
THOMAS C. FOLEY
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)_
(b)_
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
2,768,758*
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6 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED
BY EACH REPORTING 0
PERSON WITH ----------------- ----------------------------------
7 SOLE DISPOSITIVE POWER
2,768,758 *
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,768,758
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)EXCLUDES CERTAIN
SHARES _
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
47.5%
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12 TYPE OF REPORTING PERSON
IN
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* Includes shares of Common Stock over which Mr. Foley has granted stock
options to J.P. Conte and Donald N. Fawcett in the amounts of 72,922 shares
and 6,000 shares, respectively. Messrs. Conte and Fawcett are former
employees of the NTC Group, Inc.. Mr. Foley is the sole shareholder of the
NTC Group, Inc. and serves as its President and Chairman.
<PAGE>
Item 1(a). Name of Issuer:
TB Wood's Corporation
Address of Issuer's Principal Executive Offices:
440 North Fifth Avenue, Chambersburg, PA 17201
Item 2(a). Name of Person Filing:
Thomas C. Foley
Item 2(b). Address of Principal Business Office or, if None, Residence:
Three Pickwick Plaza, Suite 200, Greenwich, CT 06830
Item 2(c). Citizenship:
USA
Item 2(d). Title of Class of Securities:
Common Stock, $.01 Par Value Per Share
Item 2(e). CUSIP Number:
872226105
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,
(g) ___ Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G),
(h) ___ Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
<PAGE>
Item 4. Ownership.
(a) Amount beneficially owned:
2,768,758
(b) Percent of class:
47.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
2,768,758*
(ii) Shared power to vote or to direct the vote
-0-
(iii) Sole power to dispose or to direct the disposition of
2,768,758*
(iv) Shared power to dispose or to direct the disposition of
-0-
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
* Includes shares of Common Stock over which Mr. Foley has granted stock
options to J.P. Conte and Donald N. Fawcett in the amounts of 72,922 shares
and 6,000 shares, respectively. Messrs. Conte and Fawcett are former
employees of the NTC Group, Inc. Mr. Foley is the sole shareholder of the
NTC Group, Inc. and serves as its President and Chairman.
<PAGE>
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
Not Applicable
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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 12, 1997
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(Date)
/s/ THOMAS C. FOLEY
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(Signature)
Thomas C. Foley
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(Name/Title)
