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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB Approval
Washington, D.C. 20549 ---------------------------
OMB Number: 3235-0104
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP Expires: September 30, 1988
OF SECURITIES Estimated average burden
Filed pursuant to Section 16(a) hours per response .....0.5
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
<TABLE>
<CAPTION>
(Print or Type Responses)
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2. Date of Event
Requiring Statement
1. Name and Address of Reporting Person* (Month/Day/Year) 4. Issuer name and Ticker or Trading Symbol
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<S> <C> <C>
Rittereiser, Fredric W. September 13, 1996 The Ashton Technology Group, Inc.; "ASTN"
(Last) (First) (Middle)
c/o UTTC
1900 Market Street, Suite 701
(Street)
Philadelphia, PA 19103-0012
(City) (State) (Zip)
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3. IRS or Social 5. Relationship of Reporting
Security Number of Person(s) to Issuer 6. If Amendment, Date of
Reporting Person (Check all applicable) Original (Month/Day/Year)
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<S> <C> <C> <C>
Director 10% Owner
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X
Officer (give Other (specify
title below) below)
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7. Individual or Joint/Group
Filing
(Check Applicable Line)
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<S> <C>
Form (filed Form (filed
by One by More than
Reporting One Reporting
Person Person
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X
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D)
1. Title of Security Beneficially Owned or Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
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<FN>
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
5(b)(v).
</FN>
</TABLE>
(Over)
SEC 1473 (7-96)
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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5. Ownership
Form of
4. Conversion Derivative 6. Nature of
3. Title and Amount of or Exercise Security: Indirect
1. Title of Derivative 2. Date Exercisable Securities Underlying Price of Direct (D) or Beneficial
Security and Expiration Date Derivative Security Derivative Indirect (I) Ownership
(Instr. 4) (Month/Day/Year) (Instr. 4) Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C>
Date Expira- Amount or
Exer- tion Number of
cisable Date Title Shares
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<FN>
Explanation of Responses:
See Exhibit A for Explanation of Responses (1)-(2).
/s/Fredric W. Rittereiser 11/1/96
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** International misstatements or omissions of facts constitute Federal Criminal **Signature of Reporting Person Date
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.
</FN>
</TABLE>
Page 2
SEC 1473 (7-96)
<PAGE>
Exhibit A
Addendum to FORM 3 for Fredric W. Rittereiser as of September 13, 1996
(1) Fredric W. Rittereiser was part of a group of Reporting Persons (the
"Group") that filed a Schedule 13D on September 13, 1996. The aggregate
number of shares of common stock of Ashton owned by the members of the
Group was 1,601,000 shares, comprising approximately 21.17% of the
outstanding shares of Ashton. As of September 13, 1996, Fredric W.
Rittereiser did not have a pecuniary interest in any shares of common stock
of Ashton. The Reporting Persons disbanded the Group with the filing of
Amendment No. 2 to Schedule 13D on October 28, 1996.
(2) Neither the filing of this Form 3 nor any of its contents shall be deemed
to constitute an admission that Fredric W. Rittereiser is or was the
beneficial owner of any share of common stock of Ashton held by other
members of the Group, for purposes of Section 16 of the Exchange Act or for
any other purpose, and such beneficial ownership is expressly disclaimed.
