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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>
Weingard, Fred S. October 22, 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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X
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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
------- ------- ----- ---------
Common Stock Options see (3) see (3) Common 100,000 $14.25 D
Stock
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<FN>
Explanation of Responses:
See Exhibit A for Explanation of Response (1) - (3)
/s/Fred S. Weingard 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 Fred S. Weingard, dated October 22, 1996.
(1) As of October 22, 1996, Fred S. Weingard was appointed a Director of
Ashton.
(2) Fred S. Weingard is an Executive Vice President of Universal Trading
Technologies Corporation, an approximately 80% owned subsidiary of Ashton.
(3) Fred S. Weingard was granted 100,000 common stock options of Ashton on June
21, 1996. 20,000 of these options are exercisable on March 31, 1997, a
total of 40,000 of these options may be exercised on March 31, 1998, and a
total of 100,000 may be exercised on March 31, 1999. All 100,000 options
expire on July 8, 2006.
