U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 4
[ __ ] Check this box if no longer subject to Section 16. Form
4 or Form 5 obligations may continue. See Instruction 1 (b).
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) 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
(Print or Type Responses)
1. Name and Address of Reporting Person
Elias John W.
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(Last) (First) (Middle)
Texaco Heritage Plaza, 1111 Bagby, Suite 2100
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(Street)
Houston Texas 77002
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(City) (State) (Zip)
Edge Petroleum Corporation (EPEX)
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2. Issuer Name and Ticker or Trading Symbol
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3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
March 1999
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4. Statement for Month/Year
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5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director ______ 10% Owner
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X Officer (give title below) ______ Other (specify below)
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Cheif Executive Officer and Chairman of the Board
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<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
Security action action Code or Disposed of (D) Securities Form: Indirect
(Instr. 3) Date (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial
-------------- -------------------------- Owned at or Indirect (I) Ownership
End of (Instr. 4) (Instr. 4)
Month
(Instr. 3 and
4)
(Month/
Date/ (A) or
Year) Code V Amount (D) Price
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 3/15/99 P 5,000 D 5.50
- ------------- -------- ------ ---- ------- --- ------- --------------- ------------- ---------------------
Common Stock 3/16/99 P 5,000 D 5.50 20,000 D
- ------------- -------- ------ ---- ------- --- ------- --------------- ------------- ---------------------
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 4(b)(v).
</TABLE>
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<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed
of, or Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
2. Conversion or
Exercise 3. Transaction 5. Number of Derivative 6. Date Exercisable
1. Title of Derivative Price of Date 4. Transaction Securities Acquired and Expiration
Security Derivative (Month/Day/ Code (A) or Disposed of Date (Month/Day/
(Instr. 3) Security Year) (Instr. 8) (D) (Instr. 3, 4, and 5) Year)
-------------- -------------------------- --------------------
Date
Exer- Expiration
Code V (A) (D) cisable Date
<S> <C> <C> <C> <C> <C> <C> < C > <C>
None
-------------------- ---------------- -------------- ------ ------ ----------- -------------- -------- ----------
Stock Option to
Purchase Common Stock $4.21875 1/08/99 A 200,000 (1) 1/7/09
</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership Form 11. Nature of Indirect
Underlying Securities Security (Instr. 5) Securities Beneficially of Derivative Beneficial
(Instr. 3 and 4) Owned at End of Month Security: Ownership (Instr.
- ------------------------ (Instr. 4) Direct (D) or
Indirect(I)
(Instr.4)
Amount or
Number of
Title Shares
<S> <C> <C> <C> <C> <C>
- --------- --------- --------------------- ------------------------ ---------------- ------------------
Common Stock 200,000 200,000 D N/A
HOU03:557019.1
</TABLE>
2
<PAGE>
Explanation of Responses:
(1) These options are exercisable in cumulative annual increments of 1/3 of the
total number of shares subject thereto, beginning on the date of grant.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ John W. Elias 4-09-99
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** Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for Procedure.
HOU03:557019.1
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