U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 5
[ __ ] Check this box if no longer subject to Section 16. Form
4 or Form 5 obligations may continue. See Instruction 1(b).
[ __ ] Form 3 Holdings Reported.
[ __ ] Form 4 Transactions Reported.
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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
Andrews Vincent
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(Last) (First) (Middle)
Vincent Andrews Management, 16 West Avenue
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(Street)
Darien, Connecticut 06820
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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)
12/31/98
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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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Officer (give title below) Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable box)
X Form Filed By One Reporting Person.
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From Filed By More Than One Reporting Person.
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<PAGE>
<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 Issuers (Instr. 4) (Instr. 4)
Fiscal Year
(Instr. 3 and
4)
(Month/
Date/ (A) or
Year) Code V Amount (D) Price
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------- -------- ------ ---- ------- --- ------ ---------------- ------------- ------------------------
Common Stock 06/01/98 A 402 A (1) 1,542 D
- ------------- -------- ------ ---- ------- --- ------ ---------------- ------------- ------------------------
13,655 I(2) By Wife
- ------------- -------- ------ ---- ------- --- ------ ---------------- ------------- ------------------------
3,000 I(2) By Children
- ------------- -------- ------ ---- ------- --- ------ ---------------- ------------- ------------------------
</TABLE>
(1) Acquired pursuant to a restricted stock grant exempt under Rule 16b-3.
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).
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<PAGE>
FORM 5 (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 (A) (D) cisable Date
<S> <C> <C> <C> <C> <C> <C> <C>
------------------------- ---------------- -------------- ------------ ----------- -------------- -------- ----------
Nonqualified stock option $12.44 06/01/98 A 3,000 (1) 06/01/08
(2)
</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 Fiscal Security: Ownership (Instr.
- ------------------------ Year (Instr. 4) Direct (D) or
Indirect(I)
(Instr.4)
Amount or
Number of
Title Shares
<S> <C> <C> <C> <C> <C>
- ------------ --------- --------------------- ------------------------ ---------------- ------------------
Common Stock 3,000 3,000 D N/A
</TABLE>
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<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 first anniversery
of the date of grant.
(2) Excludes option grants previously reported.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Vincent Andrews 02/16/99
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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.
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