SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13D-1(B),(C)AND (D) AND AMENDMENTS THERETO FILED PURSUANT TO RULE
13D-2(B)
(Amendment No. ___)
ELDERTRUST
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
284560109
(CUSIP Number)
July 28, 2000
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed.
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall 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 the disclosures
provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of
CUSIP No. 284560109 13G Page 2 of 8 Pages
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).
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1. Names of Reporting Persons.
I.R.S. Identification No. Of Above Persons (entities only)
Sondra Beit and Roger Beit, as Joint Owners
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2. Check the Appropriate Box if a Member of a Group*
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
U.S.A.
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Number of Shares Beneficially Owned by Each Reporting Person With
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5. Sole Voting Power 100,200
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6. Shared Voting Power
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7. Sole Dispositive Power 100,200
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8. Shared Dispositive Power
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9. Aggregate Amount Beneficially Owned by Each Reporting
Person
100,200
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10. Check box if the Aggregate Amount in Row (9) Excludes
Certain Shares* [ ]
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11. Percent of Class Represented By Amount in Row (9)
1.4%
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CUSIP No. 284560109 13G Page 3 of 8 Pages
12. Type of Reporting Person*
IN
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1. Names of Reporting Persons.
I.R.S. Identification No. Of Above Persons (entities only)
Sondra Beit
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2. Check the Appropriate Box if a Member of a Group*
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
U.S.A.
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Number of Shares Beneficially Owned by Each Reporting Person With
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5. Sole Voting Power 104,000
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6. Shared Voting Power
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7. Sole Dispositive Power 104,000
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8. Shared Dispositive Power
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9. Aggregate Amount Beneficially Owned by Each Reporting
Person
104,000
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10. Check box if the Aggregate Amount in Row (9) Excludes
Certain Shares* [ ]
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11. Percent of Class Represented By Amount in Row (9)
1.5%
CUSIP No. 284560109 13G Page 4 of 8 Pages
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12. Type of Reporting Person*
IN
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1. Names of Reporting Persons.
I.R.S. Identification No. Of Above Persons (entities only)
Mark Paley
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2. Check the Appropriate Box if a Member of a Group*
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
U.S.A.
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Number of Shares Beneficially Owned by Each Reporting Person With
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5. Sole Voting Power 182,400
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6. Shared Voting Power
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7. Sole Dispositive Power 182,400
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8. Shared Dispositive Power
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9. Aggregate Amount Beneficially Owned by Each Reporting
Person
182,400
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10. Check box if the Aggregate Amount in Row (9) Excludes
Certain Shares* [ ]
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11. Percent of Class Represented By Amount in Row (9)
2.6%
Page 5 of 8 Pages
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12. Type of Reporting Person*
IN
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Item 1(a) Name of Issuer:
ElderTrust
Item 1(b) Address of Issuer's Principal Executive Offices:
101 East State Street, Suite 100
Kennett Square, PA 19348
Item 2(a) Names of Persons Filing:
Sondra Beit and Roger Beit, as Joint Owners
Sondra Beit
Mark Paley
Item 2(b) Address of Principal Business Office or, if none,
Residence:
530 Silas Deane Highway
Suite 130
Wethersfield, CT 06109
(all owners)
Item 2(c) Citizenship:
U.S. (all owners)
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number
284560109
Item 3. If this statement is filed pursuant to Rules 13d-
1(b), or 13d-2(b) or (c) , check whether the person
filing is a:
6 of 8 Pages
(a) [ ] Broker or dealer registered under Section
15 of the Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the
Exchange Act.
(c) [ ] Insurance company as defined in Section
3(a)(19) of the Exchange Act.
(d) [ ] Investment company registered under
Section 8 of the Investment Company Act.
(e) [ ] An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund
in accordance with Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person
in accordance with Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section
3(b) of the Federal Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the
definition of an investment company under
Section 3(c)(14) of the Investment Company
Act.
(j) [ ] Group, in accordance with Rule 13d-
1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. [X]
Item 4. Ownership.
The information in items 5-11 on the cover pages (pages
2-4) of this Schedule 13G is incorporated by reference
(a) Amount Beneficially Owned: 386,600 shares
(b) Percent of Class: 5.4%
7 of 8 Pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: 386,600
(ii) shared power to vote or to direct
vote:
(iii) sole power to dispose or to direct
the disposition of:
386,600
(iv) shared power to dispose or to
direct the disposition of:
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported On By the
Parent Holding Company or Control Person.
Not applicable.
Item 8. Identification and Classification of Members of the
Group.
Sondra Beit, Roger Beit and Mark Paley are business
partners and may be deemed to be acting as a group for purposes
of Rule 13d-1(b)(1)(ii)(J).
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
8 of 8 Pages
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect
of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
SIGNATURES
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.
August 7, 2000
(Date)
S/SONDRA BEIT
Sondra Beit
Name/Title
S/ROGER BEIT
Roger Beit
Name/Title
S/MARK PALEY
Mark Paley
Name/Title
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS(SEE 18 U.S.C. 1001).
