SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 3)
Under the Securities Exchange Act of 1934*
Edge Petroleum Corporation
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
279862 10 6
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(CUSIP Number)
John Sfondrini
36 Catoonah Street, Unit #16
P.O. Box 1248
Ridgefield, Connecticut 06875
(203) 894-8244
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 9, 1998
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(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 [].
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 should 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).
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<PAGE>
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(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
John Sfondrini
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
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(3) SEC Use Only
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(4) Source of Funds
OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization
United States of America
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Number of (7) Sole Voting Power 322,008 Shares
Shares Bene- __________________________________________________
ficially (8) Shared Voting Power 87,281 Shares
Owned by __________________________________________________
Each Report- (9) Sole Dispositive Power 322,008 Shares
ing Person __________________________________________________
With (10) Shared Dispositive Power 87,281 Shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
409,289 Shares
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
5.3%
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(14) Type of Reporting Person (See Instructions) IN
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<PAGE>
CUSIP No. 27862 10 6
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(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Napamco, Ltd.
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
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(3) SEC Use Only
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(4) Source of Funds
OO
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(5) Check if Disclosure of Legal proceedings is Required Pursuant
to Items 2(d) or 2(e). [ ]
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(6) Citizenship or Place of Organization
Connecticut
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Number of (7) Sole Voting Power -0-
Shares Bene- __________________________________________________
ficially (8) Shared Voting Power 20,754 Shares
Owned by __________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person __________________________________________________
With (10) Shared Dispositive Power 20,754 Shares
(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
20,754 Shares
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
.3%
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(14) Type of Reporting Person (See Instructions) CO
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<PAGE>
CUSIP No. 27862 10 6
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(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Napamco, Ltd.
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
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(3) SEC Use Only
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(4) Source of Funds
OO
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(5) Check if Disclosure of Legal Proceedings is Required pursuant
to Items 2(D)or 2(e) [ ]
(6) Citizenship or Place of Organization
New York
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Number of (7) Sole Voting Power -0-
Shares Bene- __________________________________________________
ficially (8) Shared Voting Power 7,000 Shares
Owned by __________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person __________________________________________________
With (10) Shared Dispositive Power 7,000 Shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
7,000 Shares
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
.1%
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(14) Type of Reporting Person (See Instructions) CO
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<PAGE>
CUSIP No. 27862 10 6
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(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Edge Holding Company Partnership
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
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(3) SEC Use Only
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(4) Source of Funds
OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization
Connecticut
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Number of (7) Sole Voting Power -0-
Shares Bene- __________________________________________________
ficially (8) Shared Voting Power 16,631 Shares
Owned by __________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person __________________________________________________
With (10) Shared Dispositive Powe 16,631 Shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
16,631 Shares
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
.2%
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(14) Type of Reporting Person (See Instructions) PN
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<PAGE>
CUSIP No. 27862 10 6
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(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Edge Group Partnership
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
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(3) SEC Use Only
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(4) Source of Funds
OO
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(5) Check if Disclosure of Legal Proceedings is Required pursuant
to Items 2(d) or 2(e) [ ]
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(6) Citizenship or Place of Organization
Connecticut
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Number of (7) Sole Voting Power -0-
Shares Bene- __________________________________________________
ficially (8) Shared Voting Power 42,896 Shares
Owned by __________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person __________________________________________________
With (10) Shared Dispositive Power 42,896 Shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
42,896 Shares
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(12) Check if the Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
.6%
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(14) Type of Reporting Person (See Instructions) PN
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<PAGE>
CUSIP No. 27862 10 6
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(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Edge I Limited Partnership
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
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(3) SEC Use Only
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(4) Source of Funds
OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
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(6) Citizenship or Place of Organization
Connecticut
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Number of (7) Sole Voting Power -0-
Shares Bene- __________________________________________________
ficially (8) Shared Voting Power -0-
Owned by __________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person __________________________________________________
With (10) Shared Dispositive Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
-0-
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(14) Type of Reporting Person (See Instructions) PN
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<PAGE>
CUSIP No. 27862 10 6
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(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Edge II Limited Partnership
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
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(3) SEC Use Only
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(4) Source of Funds
OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
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(6) Citizenship or Place of Organization
Connecticut
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Number of (7) Sole Voting Power -0-
Shares Bene- __________________________________________________
ficially (8) Shared Voting Power -0
Owned by __________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person __________________________________________________
With (10) Shared Dispositive Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
-0-
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
-0-
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(14) Type of Reporting Person (See Instructions) PN
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<PAGE>
CUSIP No. 27862 10 6
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(1) Name of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
Edge III Limited Partnership
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [x]
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(3) SEC Use Only
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(4) Source of Funds
OO
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
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(6) Citizenship or Place of Organization
Connecticut
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Number of (7) Sole Voting Power -0-
Shares Bene- __________________________________________________
ficially (8) Shared Voting Power -0-
Owned by __________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person __________________________________________________
With (10) Shared Dispositive Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting
Person
-0-
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
-0-
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(14) Type of Reporting Person (See Instructions) PN
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<PAGE>
Amendment No. 3 to Schedule 13D
John Sfondrini ("Mr. Sfondrini"), Napamco, Ltd., a Connecticut corporation
("Connecticut Napamco"), Napamco, Ltd., a New York corporation ("New York
Napamco" and together with Connecticut Napamco, "Napamco")), Edge Holding
Company Partnership, a Connecticut limited partnership ("Edge Holding Company"),
Edge Group Partnership, a Connecticut general partnership ("Edge Group"), Edge I
Limited Partnership, a Connecticut limited partnership ("Edge I"), Edge II
Limited Partnership, a Connecticut limited partnership ("Edge II"), and Edge III
Limited Partnership, a Connecticut limited partnership ("Edge III" and
collectively with Mr. Sfondrini, Connecticut Napamco, New York Napamco, Edge
Holding Company, Edge Group, Edge I and Edge II, the "Sfondrini Parties"),
hereby amends and supplements their statement on Schedule 13D as originally
filed by the Sfondrini Parties on March 13, 1997, as amended by Amendment No. 1
filed by the Sfondrini Parties on August 25, 1997, and as amended by Amendment
No. 2 filed by the Sfondrini Parties on March 31, 1998 (as so amended, the
"Original Statement"), with respect to the Common Stock, par value $.01 per
share (the "Common Stock"), of Edge Petroleum Corporation, a Delaware
corporation (the "Company"). Unless otherwise indicated, each capitalized term
used but not defined herein shall have the meaning assigned to such term in the
Original Statement.
Item 2. Identity and Background
Item 2 of the Original Statement is hereby amended and supplemented as
follows:
<PAGE>
As previously disclosed in the Original Statement, certain
persons were entitled to receive, pursuant to pre-existing rights, a portion
of the 171,190 shares of Common Stock distributed by Edge Holding Company to
Mr. Sfondrini. Effective June 30, 1998, Mr. Sfondrini transferred an
aggregate of 9,496 shares ofCommon Stock to such persons pursuant to such
rights. In addition, Mr. Stanley S. Raphael, a director of the Company,
and Ms. Goldie Green were entitled to receive, pursuant to pre-existing rights,
a portion of such sharesof Common Stock distributed by Edge Holding Company
to Mr. Sfondrini in connection with a loan previously provided by
Mr. Raphael and services previously provided by Ms. Green. Effective June 30,
1998, Mr. Sfondrinitransferred 918 and 1,377 shares of Common Stock to
Mr. Raphael and Ms. Green, respectively, pursuant to such rights.
Item 4. Purpose of Transaction
Item 4 of the Original Statement is hereby amended and supplemented as
follows:
Mr. Sfondrini continues to be the sole director and the sole executive
officer of each of NewYork Napamco and Connecticut Napamco and continues to be
deemed to be thebeneficial owner of all shares held by each such company.
Effective June 30, 1998, Connecticut Napamco effected the private transfer to
certain persons of an aggregate of 14,080 shares of Common Stock in exchange for
services previously provided by such persons, with such shares being valued for
the purpose of such transfer at a price of $13.75 per share. Prior to such
transaction, New York Napamco had assigned to Connecticut Napamco 40,306 shares
of Common Stock. Following such actions, New York Napamco and Connecticut
Napamco held directly 7,000 and 48,480 shares of Common Stock, respectively.
During October 1998, sales of an aggregate of 30,000 shares of Common
Stock owned directly by Mr. Sfondrini were effected in the open market as
follows: October 22, 7,500 shares at $9.23 per share; October 23, 5,000 shares
at $9.21 per share; October 23, 2,500 shares at $9.05 per share; October 29,
5,000 shares at $9.48 per share; October 30, 6,000 shares at $9.43 per share;
and October 30, 4,000 shares at $9.45 per share. On October 29, 1998,
Connecticut Napamco sold 1,500 shares in the open market at $9.65 per share.
<PAGE>
During November 1998, sales of an aggregate of 18,400 shares of Common
Stock owned directly by Mr. Sfondrini were effected in the open marked as
follows: November 2, 10,000 shares at $9.75 per share and November 3, 8,400
shares at $9.73 per share.
During December 1998, sales of an aggregate of 43,600 shares of Common
Stock owned directly by Mr. Sfondrini were effected in the open market as
follows: December 9, 2,500 shares at $5.99 per share; December 10, 1,000 shares
at $5.91 per share; December 11, 1,000 shares at $5.91 per share and 3,500 at
$5.84 per share; December 15, 4,500 shares at $5.23 per share; December 16,
6,800 shares at $4.72 per share; December 17, 5,000 shares at $4.19 per share;
December 18, 4,300 shares at $4.23 per share; December 22, 6,500 shares at $5.10
per share; December 23, 2,500 shares at $5.37 per share; December 24, 2,500
shares at $5.18 per share; and December 29, 3,500 shares at $5.31 per share.
Following such actions, Mr. Sfondrini held directly 392,550 shares of Common
Stock and Connecticut Napamco held directly 46,980 shares of Common Stock.
Beginning on or about March 24, 1999, sales and preparations for the sale
in the near term of an aggregate of up to approximately 108,100 shares of Common
Stock, consisting of approximately 81,874 shares held by Mr. Sfondrini and
26,226 shares held by Connecticut Napamco, were commenced.
In the near term, the Sfondrini Group expects that additional
dispositions of shares of Common Stock will occur.
Item 5. Interest in Securities of the Issuer
Item 5 of the Original Statement is hereby amended and supplemented as
follows: As of April 5, 1999, assuming the sale of the 108,100 shares discussed
in Item 4, Mr. Sfondrini and the other members of the Sfondrini Group, in the
aggregate, may be deemed to beneficially own an aggregate of 409,289 shares of
Common Stock (approximately 5.3% of the 7,772,032 shares outstanding, determined
by reference to the number of shares of Common Stock of the Company reported
outstanding in its most recently filed Annual Report on Form 10-K). Mr.
Sfondrini disclaims beneficial ownership of the 4,998 shares held in the UGMA
Accounts, that are included in such deemed beneficial ownership. Such beneficial
ownership also includes 6,334 shares underlying stock options (as described
below). Mr. Sfondrini, Connecticut Napamco and New York Napamco each disclaim
beneficial ownership of the shares of Common Stock held by Edge Holding Company
and Edge Group, and nothing herein shall be deemed an admission that a group
exists.
As described in the Original Statement, on March 3, 1997, the Company
granted to Mr. Sfondrini options for 8,000 shares of Common Stock pursuant to
the Company's Incentive Plan. Such options are exercisable in cumulative annual
increments of one-third of the total number of shares of Common Stock subject
thereto, beginning on the first anniversary of the date of grant, at a purchase
price of $16.50 per share and expire ten years from the date of their issuance.
Mr. Sfondrini will be deemed to be the beneficial owner of such shares 60 days
prior to the exercisability of the options related to such shares. As of April
5, 1999, Mr. Sfondrini may be deemed to be the beneficial owner of 5,334 of such
shares.
On June 1, 1998, the Company granted to Mr. Sfondrini options for 3,000
shares of Common Stock pursuant to the Company's Incentive Plan. Such options
are exercisable in cumulative annual increments of one-third of the total number
of shares of Common Stock subject thereto, beginning on the first anniversary of
the date of grant, at a purchase price of $12.44 per share and expire ten years
from the date of their issuance. Mr. Sfondrini will be deemed the beneficial
owner of such shares 60 days prior to the exercisability of the options related
to such shares. As of April 5, 1999, Mr. Sfondrini may be deemed to be the
beneficial owner of 1,000 of such shares.
<PAGE>
On June 1, 1998, the Company granted to Mr. Sfondrini 402 restricted
shares of Common Stock. Such shares vest in cumulative annual increments of one
third of the total number of restricted shares granted, beginning on the first
anniversary of the date of grant.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Item 6 of the Original Statement is hereby amended andsupplemented as
follows:
As of April 5, 1999, excluding the 108,100 shares with respect to which
sales and preparation to sell have commenced, a total of 314,274 shares of
Common Stock owned by Mr. Sfondrini, New York Napamco or Connecticut Napamco are
pledged pursuant to the Loan Document.
<PAGE>
After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: April 5, 1999.
/s/ John Sfondrini
----------------------
John Sfondrini
NAPAMCO, LTD., a Connecticut corporation
----------------------------------------
By: /s/ John Sfondrini
----------------------
John Sfondrini
President
NAPAMCO, LTD., a New York corporation
-------------------------------------
By: /s/ John Sfondrini
----------------------
John Sfondrini
President
EDGE HOLDING COMPANY PARTNERSHIP
--------------------------------
By: /s/ John Sfondrini
----------------------
John Sfondrini
General Partner
EDGE GROUP PARTNERSHIP
----------------------
By: Edge I Limited Partnership,
Edge II Limited Partnership and
Edge III Limited Partnership
General Partners
By: /s/ John Sfondrini
----------------------
John Sfondrini
General Partner
EDGE I LIMITED PARTNERSHIP
--------------------------
By: /s/ John Sfondrini
----------------------
John Sfondrini
General Partner
EDGE II LIMITED PARTNERSHIP
----------------------
By: /s/ John Sfondrini
----------------------
John Sfondrini
General Partner
EDGE III LIMITED PARTNERSHIP
----------------------------
By: /s/ John Sfondrini
----------------------
John Sfondrini
General Partner
