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FORM 3 OMB Approval
U.S. SECURITIES AND EXCHANGE COMMISSION --------------------------
WASHINGTON, D.C. 20549 OMB Number 3235-0104
Expires: September 30, 1998
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Estimated average burden
hours per response... 0.5
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
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1. Name and Address of Reporting | 2. Date of Event Re- | 4. Issuer Name AND Ticker or Trading Symbol
Person* | quiring Statement | SmarTire Systems Inc.; SES
TRW Inc. | (Month/Day/Year) |------------------------------------------------------------------
- ---------------------------------------| | 5. Relationship of Reporting | 6. If Amendment, Date of
(Last) (First) (Middle) | May 14, 1998 | Person(s) to Issuer | Original (Month/Day/Year)
|-------------------------| (Check all applicable) |
1900 Richmond Road | 3. IRS or Social | ___ Director __X__ 10% Owner|-------------------------------
- ---------------------------------------| Security Number | ___ Officer _____ Other | 7. Ind.or Joint/Group Filing
(Street) | of Reporting | (give title (specify | Form filed by:
| Person (Voluntary) | below below) | _X_ One Reporting Person
| | | ___ More than One Reporting
Cleveland Ohio 44124 | 34-0575430 | ------------------------ | Person
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(City) (State) (Zip) | TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
|
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1. Title of Security | 2. Amount of Securities | 3. Ownership | 4. Nature of Indirect Beneficial
(Instr. 4) | Beneficially Owned | Form: Direct | Ownership (Instr. 5)
| (Instr. 4) | (D) or Indirect |
| | (I) (Instr. 5) |
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Common Stock | 900,000 | D |
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Reminder: Report on a separate line for each class of securities beneficially owned, directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction 5(b)(v) SEC 1473 (7-96)
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FORM 3 (CONTINUED)
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1.Title of Derivative Security | 2.Date Exer- | 3.Title and Amount of Securities | 4.Conver- | 5. Owner- | 6. Nature of Indirect
(Instr. 4) | cisable and | Underlying Derivative Security | sion or | ship | Beneficial
| Expiration | (Instr. 4) | Exercise | Form of | Ownership
| Date | | Price of | Deriv- | (Instr. 5)
| (Month/Day/ | | Deriv- | ative |
| Year) | | ative | Security:|
|---------------|----------------------------------| Security | Direct |
|Date | Expir-| | Amount | | (D) or |
|Exer- | ation | Title | or | | Indirect |
|cisable| Date | | Number | | (I) |
| | | | of | | (Instr. 5) |
| | | | Shares | | |
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Warrant (1) |5/14/98|4/20/00| Common Stock |900,000 | (1) | D |
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Explanation of Responses:
(1) Each warrant is a two-year non-transferable purchase warrant which entitles TRW Inc. to purchase one share of common stock
at a unit price of $4.00 in the first year or a unit price of $4.60 in the second year.
/s/ Ronald D. Sugar July 10, 1998
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*Signature of Reporting Person Date
TRW Inc.
Executive Vice President
** 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 provided 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 currently valid OMB Number.
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SEC 1473 (7-96)
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