[DESCRIPTION]SCHEDULE 13D FOR WALTER AND MARIE ECKMAN TRUST
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Amendment No. )*
Sloan Electronics, Inc.
- ---------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- ---------------------------------------------------------------------------
(Title of Class of Securities)
831501 10 1
- ---------------------------------------------------------------------------
(CUSIP Number)
Walter and Marie Eckman Trust
412 West Cowan Dr.
Houston, TX 7007
713 862-3111
- ---------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 5, 1997
- ---------------------------------------------------------------------------
(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.
(Continued on following pages)
(Page 1 of 5 Pages)
- --------------------------------
(1) The remainder of this cover page shall be filed 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 coverage page shall
not be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 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).
<PAGE>
SCHEDULE 13D
CUSIP No. 831501 10 1 Page 2 of 5 Pages
------------ ----- -----
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Walter and Marie Eckman Trust
###-##-####
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEM
2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 496,783
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH 10 SHARED DISPOSITIVE POWER
496,783
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
496,783
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4%(1)
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO - trust
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Calculated based upon the number of outstanding shares of Common Stock
of the Issuer on December 31, 1997.
<PAGE>
SCHEDULE 13D
CUSIP No. 831501 10 1 Page 3 of 5 Pages
------------ ----- -----
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Walter Eckman
###-##-####
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEM
2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 496,783
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH 10 SHARED DISPOSITIVE POWER
496,783
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
496,783
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4%(1)
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Calculated based upon the number of outstanding shares of Common Stock
of the Issuer on December 31, 1997.
<PAGE
SCHEDULE 13D
CUSIP No. 831501 10 1 Page 4 of 5 Pages
------------ ----- -----
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ann Marie Eckman
###-##-####
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEM
2(d) or 2(e) / /
- ---------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ---------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 496,783
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH 10 SHARED DISPOSITIVE POWER
496,783
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
496,783
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4%(1)
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Calculated based upon the number of outstanding shares of Common Stock
of the Issuer on December 31, 1997.
<PAGE
ITEM 1. Security and Issuer.
This statement relates to the Common Stock, par value $.001 per
share ("Common Stock") issued by Sloan Electronics, Inc., a Delaware
corporation (the "Company"), whose principal executive offices are located
at 2527 Monterey St., Sarasota, FL 34231.
ITEM 2. Identity and Background.
This statement is filed by the Walter and Marie Eckman Trust, a
trust organized under the laws of Texas, located at 412 West Cowan Dr.,
Houston, TX 77007 for family financial reasons.
The Reporting Person has not, during the last five (5) years (i)
been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), or (ii) been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violations with
respect to such laws.
ITEM 3. Source and Amount of Funds or Other Considerations.
On December 5, 1997 pursuant to the terms of an Agreement of Merger
(the "Agreement") between the Company and Sloan Electronics, Inc.
("Sloan"), Sloan has merged into the Company and the Walter and Marie
Eckman Trust shares in Sloan were converted into 496,783 shares of Common
Stock of the Company at the conversion rate of 2.31 shares of Common Stock
of the Company for each shares of Common Stock of Sloan.
ITEM 4, Purpose of Transaction.
The purpose of the acquisition of the stock is for investment.
On December 5, 1997 pursuant to the terms of an Agreement of Merger
(the "Agreement") between the Company and Sloan Electronics, Inc.
("Sloan"), Sloan has merged into the Company. The board of directors of the
Company were replaced by the board of directors of Sloan. The Reporting
Person may make purchases of Common Stock from time to time and may
acquire or dispose of any or all of the shares of Common Stock held by him
at any time. The Reporting person has no plans or proposals which relate
to, or could result in any of the matters referred to in Paragraphs (c),
(e), (f), (g) and (h), of Item 4 of Schedule 13D.
<PAGE>
ITEM 5. Interest in Securities of the Issuer.
As of the date hereof, the Reporting Person beneficially owns
496,783 shares of the Company's Common Stock, comprising approximately 5.4%
of the
shares outstanding. The percentage used herein is calculated based upon the
9,187,389 shares of Common Stock of the Company stated by the Company as
issued and outstanding as of December 31, 1997, as reported in the
Company's 10-KSB. The Reporting Person has sole voting and dispositive
powers with respect to all the shares of Common Stock to which this
statement relates. The Reporting Person has not effected any transactions
in the shares of the Common Stock.
ITEM 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
None.
ITEM 7. Materials to be Filed as Exhibits.
The following exhibit was filed on Form 8-K on December 19, 1997
and is incorporated by reference.
Exhibit 2.0 Agreement of Merger
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: 5/12/98
the Walter and Marie Eckman Trust
/s/ Walter Eckman
--------------------------------------
Walter Eckman trustee
/s/ Walter Eckman
--------------------------------------
Walter Eckman
/s/ AnnMarie Eckman
--------------------------------------
AnnMarie Eckman
