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Previous: ATLANTIC INTERNATIONAL ENTERTAINMENT LTD, SB-2, 1998-07-01 |
Next: 360 COMMUNICATIONS CO, 8-K, 1998-07-01 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
---------
THE ASHTON TECHNOLOGY GROUP, INC.
---------------------------------------------------------
(Name of Issuer)
COMMON STOCK
---------------------------------------------------------
(Title of Class of Securities)
045084-10-0
---------------------------------------------------------
(CUSIP Number)
James J. Maiwurm, Crowell & Moring LLP (202/624-2903)
1001 Pennsylvania Avenue, N.W., Washington, DC 20004-2595
---------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 16, 1997
--------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box / /.
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following page(s))
<PAGE>
CUSIP No. 045084-10-0 13D
-----------
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Raymond T. Tate
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /x/
of a Group* (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
Not applicable
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
U.S.A.
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 100,000 (Mr. Tate disclaims
beneficial ownership
of these shares)
--------------------------------------------------
(9) Sole Dispositive
Power 0
--------------------------------------------------
(10) Shared Dispositive
Power 100,000 (Mr. Tate disclaims
beneficial ownership of
these shares)
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
100,000
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
1.15%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
Item 1. Security and Issuer
This statement relates to shares of common stock, par value $.01 per
share (the "Common Stock"), of The Ashton Technology Group, Inc., a Delaware
corporation (the "Issuer") with principal executive offices located at 1900
Market Street, Suite 701, Philadelphia, Pennsylvania 19103. This statement
constitutes Amendment No. 3 to the Schedule 13D of Raymond T. Tate and Helen J.
Tate, as trustee for the Andrew Patrick Tate Trust, the Susan Katherine Tate
Burrowbridge Trust and the Elizabeth Tate Winters Trust (the "Tate Trusts"; Mr.
Tate and Mrs. Tate, as trustee of the Tate Trusts, together the "Reporting
Persons"), which was amended and restated by Amendment No. 1 thereto and
Amendment No. 2 thereto filed with the Securities and Exchange Commission on
October 24, 1996 and June 6, 1997, respectively (the "Amended and Restated
13D"). Except as disclosed herein, there has been no change in the information
previously reported in the Amended and Restated 13D. Capitalized terms not
defined herein shall have the meanings ascribed to them in the Amended and
Restated 13D.
Item 4. Purpose of Transactions
Item 4 is amended and supplemented by adding the following disclosure
thereto.
As set forth in Item 5, Mr. Tate has disposed of all of his shares of
Common Stock, and the Tate Trusts have disposed of all of their Common Stock
except for 100,000 shares of Common Stock held by Helen J. Tate as Trustee for
the Andrew Patrick Tate Trust.
Item 5. Interest in Securities of the Issuer.
As of the date hereof Helen J. Tate, as Trustee for the Andrew Patrick
Tate Trust, owns 100,000 shares of Common Stock. The Reporting Persons do not
own any other shares.
Since the filing of Amendment No. 2 to the Amended and Restated 13D,
the Reporting Persons have disposed of shares of Common Stock in open market
transactions through registered broker dealers as follows:
Susan Katherine Tate Burrowbridge Trust:
<TABLE>
<CAPTION>
Date Number of Shares Price
<S> <C> <C>
1/6/98 37,500 $1 3/4
1/7/98 12,500 1 1/2
1/16/98 4,000 1 1/2
1/16/98 5,000 1 1/2
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
1/20/98 6,000 1 9/16
1/20/98 11,000 1.5682
1/26/98 5,000 1 5/8
1/26/98 10,000 1 5/8
1/26/98 5,000 1 5/8
1/28/98 7,500 1 5/8
1/29/98 5,000 1 5/8
2/10/98 224,833 1 1/8
-------
333,333
Elizabeth Tate Winters Trust:
- -----------------------------
Date Number of Shares Price
- ---- ---------------- -----
12/31/97 37,500 $1 3/4
1/2/98 12,500 1 1/2
2/13/98 283,333 1 1/8
-------
333,333
Andrew Patrick Tate Trust:
- --------------------------
Date Number of Shares Price
- ---- ---------------- -----
2/6/98 3,000 $1 9/16
2/9/98 2,000 1 1/2
2/9/98 8,000 1 1/2
2/18/98 9,500 1 9/16
2/18/98 2,500 1 17/32
2/18/98 4,500 1 17/32
2/18/98 3,000 1 17/32
2/18/98 5,000 1 17/32
2/18/98 3,000 1 17/32
2/18/98 7,000 1 17/32
2/18/98 2,500 1 9/16
2/18/98 7,000 1 9/16
2/18/98 5,000 1 9/16
2/18/98 1,000 1 9/16
2/19/98 5,000 1 5/8
2/19/98 5,000 1 5/8
2/19/98 2,700 1 5/8
2/19/98 1,000 1 5/8
2/19/98 1,000 1 5/8
2/19/98 6,000 1 5/8
2/19/98 4,300 1 5/8
2/20/98 2,500 1 21/32
2/20/98 1,500 1 5/8
</TABLE>
2
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
2/20/98 2,100 1 5/8
2/20/98 1,000 1 5/8
3/4/98 7,500 3 1/2
3/4/98 3,000 3 1/2
3/24/98 20,000 4 1/32
3/24/98 2,500 4 3/32
3/24/98 17,500 4 1/16
4/3/98 6,000 4 1/32
4/3/98 1,734 4.00
4/3/98 2,000 4.00
4/3/98 8,000 4.00
5/22/98 1,000 3 1/4
5/26/98 1,000 3 1/8
5/26/98 7,500 3 1/8
5/26/98 1,500 3 1/8
5/26/98 5,000 3 1/8
5/26/98 5,000 3 1/8
5/26/98 5,000 3 1/8
5/27/98 1,000 3 1/16
5/27/98 3,200 3 1/16
5/27/98 5,000 3 1/32
5/27/98 3,000 3 1/32
5/27/98 6,000 3 1/32
5/27/98 500 3 1/16
5/27/98 300 3 1/16
5/27/98 2,000 3 1/16
5/27/98 3,000 3 1/16
5/28/98 500 3 1/16
5/28/98 3,000 3 1/16
5/28/98 6,500 3 1/16
5/28/98 1,500 3 1/16
5/28/98 3,500 3 1/16
5/28/98 1,500 3 1/8
5/29/98 3,500 3 1/8
-----
233,334
Raymond T. Tate:
- ----------------
Date Number of Shares Price
- ---- ---------------- -----
6/24/97 1,000 $2.50
6/24/97 2,000 2.50
6/25/97 2,500 2.50
6/27/97 3,000 2.50
7/1/97 1,300 2.50
</TABLE>
3
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
8/28/97 2,000 2.00
8/29/97 2,000 2.00
9/2/97 2,000 2.00
9/3/97 2,000 2.00
9/3/97 3,000 2.00
9/16/97 4,850 1 7/8
9/16/97 9,250 1 7/8
9/17/97 10,000 1 7/8
9/18/97 11,600 1 7/8
9/18/97 1,000 1 7/8
9/22/97 500 1 7/8
10/10/97 2,500 1 7/8
10/10/97 7,500 1 7/8
10/13/97 4,500 1 7/8
10/13/97 2,500 1 7/8
10/16/97 5,000 1 7/8
10/16/97 27,500 1 3/4
------
107,500
</TABLE>
4
<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: July 1, 1998
Reporting Person: Raymond T. Tate
Signature: /s/ Raymond T. Tate
---------------------------
Reporting Person: Helen J. Tate, as Trustee of the Tate Trusts
Signature: /s/ Helen J. Tate, Trustee
--------------------------
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