- --------
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).
---------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB Approval
Washington, D.C. 20549 ---------------------------
OMB Number: 3235-0287
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Expires: September 30, 1988
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)
- ------------------------------------------------------------------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to
Issuer
1. Name and Address of Reporting Person* 2. Issuer name and Ticker or Trading Symbol (Check all applicable)
- ---------------------------------------- ------------------------------------------- -----------------------------------------
<S> <C> <C>
The Dover Group, Inc. The Ashton Technology Group, Inc.; "ASTN" Director 10% Owner
(Last) (First) (Middle) -------- ---------
17 Route 37 East
(Street) Officer Other
(give title below) (specify below)
Toms River, NJ 08753 ------------------ ---------------
(City) (State) (Zip) X
see (1) - (2)
-----------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
3. IRS or Social Security 5. If Amendment,
Number of Reporting 4. Statement for Date of Original 7. Individual or Joint/Group Filing
Person (Voluntary) Month/Year (Month/Day/Year) (Check Applicable Line)
------------------------- ---------------- ---------------- -----------------------------------
<S> <C> <C> <C> <C>
October 1996 Form (filed by Form (filed by More
One Reporting than One Reporting
Person Person
-------------- -------------------
X
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
5. Amount of 6. Ownership
4. Securities Securities Form: 7. Nature of
Acquired (A) or Beneficially Direct (D) Indirect
1. Title of 3. Transaction Disposed of (D) Owned at or Beneficial
Security 2. Transaction Date Code (Instr. 3, 4 End of Month Indirect (I) Ownership
(Instr. 3) (Month/Day/Year) (Instr. 8) and 5) (Instr. 3 and 4) (Instr. 4) (Instr. 4)
- ------------- ------------------- -------------- ------------------ ------------------- --------------- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
(A)
or
Code V Amount (D) Price
---- - ------ --- -----
Common Stock N/A N/A N/A N/A N/A N/A 513,500 D
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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
4(b)(v).
</FN>
</TABLE>
(Over)
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------------
2. Conversion 5. Number of 6. Date
or Derivative Exercisable 7. Title and
1. Title of Exercise Securities and Amount of
Derivative Price of 3. Transaction 4. Transaction Acquired (A) or Expiration Underlying
Security Derivative Date Code Disposed of (D) Date Securities
(Instr. 3) Security (Month/Day/Year) (Instr. 8) (Instr. 3, 4, and 5) (Month/Day/Year) (Instr. 3 and 4)
- ------------- ------------- ------------------- -------------- ----------------------- ------------------- -------------------
<S> <C> <C> <C> <C> <C> <C>
Date Expira- Amount or
Exer- tion Number of
Code V (A) (D) cisable Date Title Shares
-------- --- --- --- ------- ------- ----- ---------
Common Stock $5.85 5/24/96 S 20,000 5/2/97 5/2/02 Common 20,000
Warrants Stock
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<PAGE>
9. Number of 10. Ownership
derivative Form of
Securities Derivative 11. Nature of
1. Title of 8. Price of Beneficially Security: Indirect
Derivative Derivative Owned at Direct (D) or Beneficial
Security Security End of Month Indirect (I) Ownership
(Instr. 3) (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
- ------------- ------------- --------------- ----------------- --------------
<S> <C> <C> <C> <C>
Common Stock $6.625 240,000 D
Warrants
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<FN>
Explanation of Responses:
See Exhibit A for Explanation of Responses (1)-(2).
/s/Fredric W. Rittereiser 11/1/96
------------------------------- ----------
** 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). Title: Chairman of the Board
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 1474 (7-96)
<PAGE>
Exhibit A
Addendum to FORM 4 for The Dover Group, Inc. for October 1996
(1) The Dover Group, Inc. 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. The Reporting Persons disbanded the Group
with the filing of Amendment No. 2 to Schedule 13D on October 28, 1996. As
of October 28, 1996, The Dover Group, Inc. is not a 10% Owner of Ashton.
(2) Neither the filing of this Form 4 nor any of its contents shall be deemed to
constitute an admission that The Dover Group, Inc. is or was the beneficial
owner of any shares of common stock of Ashton held by other members of the
Group, for purposes of ss.16 of the Exchange Act or for any other purpose,
and such beneficial ownership is expressly disclaimed.
