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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
Celerity Systems, Inc.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
15100R 10 7
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(CUSIP Number)
(Continued on following pages)
(Page 1 of 5 Pages)
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CUSIP NO. 15100R 10 7 13G Pages 2 of 5 Pages
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1 Name of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above Persons
Kenneth D.Van Meter
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2 Check the Appropriate Box if a Member of a Group (a) / /
(b) / /
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States of America
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Number of Shares 5 Sole Voting Power
Beneficially
Owned by 418,200 (Includes 413,200 shares underlying exercisable
Each options).
Reporting ------------------------------------------------------------
Person with 6 Shared Voting Power
10,000 (Represents shares owned by Mr. Van Meter's
children).
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7 Sole Dispositive Power
418,200 (Includes 413,200 shares underlying exercisable
options).
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8 Shared Dispositive Power
10,000 (Represents shares owned by Mr. Van Meter's
children).
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
428,200 (Includes 413,200 shares of Common Stock subject to currently
exercisable stock options. Also includes an aggregate of 10,000 shares of
Common Stock owned by Mr. Van Meter's children).
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares / /
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11 Percent of Class Represented by Amount in Row 9
9.5%
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12 Type of Reporting Person
IN
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CUSIP NO. 15100R 10 7 13G Pages 3 of 5 Pages
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Item 1(a). Name of Issuer:
Celerity Systems, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
c/o Celerity Systems, Inc., 9051 Executive Park Drive, Suite 302,
Knoxville, Tennessee 37923
Item 2(a). Name of Person Filing:
Kenneth D. Van Meter
Item 2(b). Address of Principal Office, or if None, Residence:
c/o Celerity Systems, Inc., 9051 Executive Park Drive, Suite 302,
Knoxville, Tennessee 37923
Item 2(c). Citizenship:
United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.001 per share.
Item 2(e). CUSIP Number:
15100R 10 7
Item 3. Because this Statement is not Filed Pursuant to
Rules 13d-1(b) or 13d-2(b), this Item Is:
Not Applicable.
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CUSIP NO. 15100R 10 7 13G Pages 4 of 5 Pages
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Item 4. Ownership:
The following information is as of December 31, 1997:
(a) Amount Beneficially Owned: 428,200
(b) Percent of Class: 9.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
418,200
(ii) shared power to vote or to direct the vote:
10,000
(iii) sole power to dispose or to direct the disposition
of: 418,200
(iv) shared power to dispose or to direct the
disposition of: 10,000
Item 5. Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class
securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent Holding Company:
Not Applicable.
Item 8. Identification and Classification of Members of a Group:
Not Applicable.
Item 9. Notice of Dissolution of Group:
Not Applicable.
Item 10. Certification:
Not Applicable.
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CUSIP NO. 15100R 10 7 13G Pages 5 of 5 Pages
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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: February 5, 1998
/s/ Kenneth D. Van Meter
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KENNETH D. VAN METER
