SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: November 6, 1997
THE ASHTON TECHNOLOGY GROUP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-1182 22-6650372
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(State of other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification
Number)
1900 Market Street, Suite 701, Philadelphia, Pennsylvania 19103
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 751-1900
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Item 2. Acquisition or Disposition of Assets
On November 6, 1997, the registrant sold its subsidiary, Computer Science
Innovations, Inc. ("CSI"), to George H. Milligan and Susanne L. Cavadeus, as
Trustees of the Trust Created by The Computer Science Innovations, Inc.
Leveraged ESOP for $1,723,000, payable as follows: (1) repayment of $500,000
loan plus interest of $28,875, (2) $600,000 in cash, and (3) a five-year 8 1/4%
note for $594,125.
Item 7. Financial Statements and Exhibits
None.
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: November 6, 1997 The Ashton Technology Group, Inc.
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(Registrant)
By: /s/ Fredric W. Rittereiser
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Fredric W. Rittereiser
Chief Executive Officer
