SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 4)
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)
May 24, 1999
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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>
CUSIP No. 279862 10 6
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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]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(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 269,816 Shares
Shares Bene- ____________________________________________________________
ficially (8) Shared Voting Power 49,280 Shares
Owned by _____________________________________________________
Each Report- (9) Sole Dispositive Power 269,816 Shares
ing Person ____________________________________________________________
With (10) Shared Dispositive Power 49,280 Shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
319,096 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)
3.5%
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(14) Type of Reporting Person (See Instructions) IN
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2
<PAGE>
CUSIP No. 279862 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 22,780 Shares
Owned by ____________________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person ____________________________________________________________
With (10) Shared Dispositive Power 22,780 Shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
22,780 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) CO
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3
<PAGE>
CUSIP No. 279862 10 6
- --------------------------------------------------------------------------------
(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
New York
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Number of (7) Sole Voting Power -0-
Shares Bene- ____________________________________________________________
ficially (8) Shared Voting Power 9,869 Shares
Owned by ____________________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person ____________________________________________________________
With (10)Shared Dispositive Power 9,869 Shares
- --------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
9,869 Shares
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
[ ]
- --------------------------------------------------------------------------------
(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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4
<PAGE>
CUSIP No. 279862 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 Power 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 [ ]
- --------------------------------------------------------------------------------
(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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5
<PAGE>
CUSIP No. 279862 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 -0-
Owned by ____________________________________________________________
Each Report- (9) Sole Dispositive Power -0-
ing Person ____________________________________________________________
With (10) Shared Dispositive Power -0-
- --------------------------------------------------------------------------------
(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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6
<PAGE>
CUSIP No. 279862 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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7
<PAGE>
CUSIP No. 279862 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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8
<PAGE>
CUSIP No. 279862 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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9
<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 amend and supplement 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, as amended by Amendment No. 2 filed
by the Sfondrini Parties on March 31, 1998, and as amended by Amendment No. 3
filed by the Sfondrini Parties on April 19, 1999 (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:
Effective June 24, 1999, Edge Group effected a distribution of the 42,896
shares of Common Stock held by it to the partners of its three partners, Edge I,
Edge II and Edge III. Mr. Sfondrini and Connecticut Napamco serve as the general
partners of Edge I and Edge III
10
<PAGE>
and Mr. Sfondrini serves as the general partner of Edge II. Mr. Sfondrini and
Connecticut Napamco received 3,134 and 6,569 shares, respectively, in the
aggregate from the Edge Group distributions in respect of certain management
fees and after-payout interests. Following the completion of all of the
above-referenced distributions, none of Edge Group, Edge I, Edge II or Edge III
held any Common Stock.
Item 4. Purpose of Transaction
Item 4 of the Original Statement is hereby amended and supplemented as
follows:
As discussed in Item 2 above, in the near term, Edge Group distributed all
of the shares of Common Stock held by it, and Mr. Sfondrini and Connecticut
Napamco received 3,134 and 6,569 shares, respectively, in connection therewith.
In Amendment No. 3 to the Schedule 13D, the Sfondrini Parties indicated
that beginning on or about March 24, 1999, sales or preparations for the sale of
an aggregate of 108,100 shares had commenced and that additional dispositions of
shares were expected in the near term. As set forth in more detail in Item 5
below, during the period of March through June 25, 1999, Mr. Sfondrini,
Connecticut Napamco and New York Napamco actually sold 137,200 and 3,700 shares,
respectively.
In the near term, the Sfondrini Parties expect 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:
11
<PAGE>
Mr. Sfondrini, Connecticut Napamco and New York Napamco effected sales of
shares of Common Stock by open market sale effected on the Nasdaq National
Market during March through June 25, 1999; the date of the sale, the selling
Sfondrini Party, the number of shares involved and the price such sale was
effected at are set forth below:
<TABLE>
<S> <C> <C> <C>
- ---------------------------- ------------------------------ --------------------------- ----------------------------
Date Sfondrini Party Number of Shares Price per Share
- ---------------------------- ------------------------------ --------------------------- ----------------------------
March 18, 1999 Mr. Sfondrini 2,100 $5.3658
- ---------------------------- ------------------------------ --------------------------- ----------------------------
March 18, 1999 Connecticut Napamco 24,200 $5.4375
- ---------------------------- ------------------------------ --------------------------- ----------------------------
March 18, 1999 New York Napamco 3,700 $5.4375
- ---------------------------- ------------------------------ --------------------------- ----------------------------
March 23, 1999 Mr. Sfondrini 5,000 $5.1893
- ---------------------------- ------------------------------ --------------------------- ----------------------------
March 24, 1999 Mr. Sfondrini 5,000 $5.3138
- ---------------------------- ------------------------------ --------------------------- ----------------------------
March 30, 1999 Mr. Sfondrini 2,600 $5.9665
- ---------------------------- ------------------------------ --------------------------- ----------------------------
March 31, 1999 Mr. Sfondrini 1,500 $5.6715
- ---------------------------- ------------------------------ --------------------------- ----------------------------
April 28, 1999 Mr. Sfondrini 15,000 $5.625
- ---------------------------- ------------------------------ --------------------------- ----------------------------
April 30, 1999 Mr. Sfondrini 3,000 $5.75
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 3, 1999 Mr. Sfondrini 15,000 $5.5762
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 5, 1999 Mr. Sfondrini 3,000 $5.6803
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 6, 1999 Mr. Sfondrini 5,000 $5.6874
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 10, 1999 Mr. Sfondrini 2,500 $5.9271
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 11, 1999 Mr. Sfondrini 9,000 $6.0588
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 13, 1999 Mr. Sfondrini 7,500 $6.193
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 14, 1999 Mr. Sfondrini 5,000 $5.9365
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 18, 1999 Mr. Sfondrini 5,000 $6.3106
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 20, 1999 Mr. Sfondrini 4,000 $6.9295
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 21, 1999 Mr. Sfondrini 1,000 $6.9057
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 24, 1999 Mr. Sfondrini 12,000 $6.9467
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 26, 1999 Mr. Sfondrini 4,000 $7.3031
- ---------------------------- ------------------------------ --------------------------- ----------------------------
May 27, 1999 Mr. Sfondrini 2,500 $7.17
- ---------------------------- ------------------------------ --------------------------- ----------------------------
June 4, 1999 Mr. Sfondrini 7,500 $7.25
- ---------------------------- ------------------------------ --------------------------- ----------------------------
June 7, 1999 Mr. Sfondrini 10,000 $6.875
- ---------------------------- ------------------------------ --------------------------- ----------------------------
June 10, 1999 Mr. Sfondrini 10,000 $6.125
- ---------------------------- ------------------------------ --------------------------- ----------------------------
</TABLE>
12
<PAGE>
As of June 25, 1999, Mr. Sfondrini and the other Sfondrini Parties, in the
aggregate, may be deemed to beneficially own an aggregate of 319,096 shares of
Common Stock (approximately 3.5% of 9,158,667 shares believed to be outstanding
(the sum of the 7,758,667 shares reported outstanding in the Company's most
recently filed Quarterly Report on Form 10-Q and 1,400,000 shares reported by
the Company to have been issued by the Company on May 6, 1999)). 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 and Connecticut Napamco each disclaim beneficial ownership of the
shares of Common Stock held by Edge Holding Company, 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 and expire ten
13
<PAGE>
years from the date of their issuance. The options granted in 1998 are for the
purchase of shares of Common Stock at a purchase price of $12.44 per share. 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 June 25, 1999,
Mr. Sfondrini may be deemed to be the beneficial owner of 1,000 of such shares.
On June 1, 1998, the Company granted to Mr. Sfondrini 402 restricted shares
of Common Stock. All such shares vest in cumulative annual increments of one
third, beginning on the first anniversary of the date of grant.
On May 6, 1999, the Sfondrini Parties ceased to be the beneficial owner of
more than five percent of the class of securities.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Item 6 of the Original Statement is hereby amended and supplemented as
follows:
As of June 25, 1999, a total of 260,948 shares of Common Stock owned by Mr.
Sfondrini, New York Napamco or Connecticut Napamco are pledged pursuant to the
Loan Document.
14
<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: June 25, 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
15
<PAGE>
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
16
