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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
DATA SWITCH CORPORATION
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
237863105
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
* 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 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 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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CUSIP No. 237863105 13G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON WECHSLER & CO., INC.
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY 328,396
OWNED BY -----------------------------------
EACH 6 SHARED VOTING POWER
PERSON Not Applicable
REPORTING -----------------------------------
WITH 7 SOLE DISPOSITIVE POWER
328,396
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8 SHARED DISPOSITIVE POWER
Not Applicable
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
328,396
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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%
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12 TYPE OF REPORTING PERSON
BD
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 237863105 13G Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NORMAN J. WECHSLER
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY 328,396
OWNED BY -----------------------------------
EACH 6 SHARED VOTING POWER
PERSON Not Applicable
REPORTING -----------------------------------
WITH 7 SOLE DISPOSITIVE POWER
328,396
-----------------------------------
8 SHARED DISPOSITIVE POWER
Not Applicable
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
328,396
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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%
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12 TYPE OF REPORTING PERSON
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
DATA SWITCH CORPORATION
Item 1(b). Address of Issuer's Principal Executive Offices:
One Enterprise Drive
Shelton, CT 06484
Item 2(a). Name of Person Filing:
This Schedule 13G is filed on behalf of (i) Wechsler
& Co., Inc., and (ii) Norman J. Wechsler (each a "Reporting
Person" and collectively, the "Reporting Persons").
Item 2(b). Address of Principal Business Office or, if none, Residence:
105 South Bedford Road
Suite 310
Mount Kisco, NY 10549
Item 2(c). Citizenship:
Wechsler & Co., Inc. is a New York corporation and
Norman J. Wechsler is a United States citizen.
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value
Item 2(e). CUSIP Number:
237863105
Item 3. Type of Reporting Person:
Wechsler & Co., Inc. is a Broker-Dealer registered
under Section 15 of the Securities Exchange Act of 1934. Mr.
Wechsler is the majority stockholder, Chairman of the Board
and President of Wechsler & Co., Inc. and, accordingly, would
likely be considered the beneficial owner of securities
beneficially owned by Wechsler & Co., Inc. Mr. Wechsler's
beneficial ownership of the Common Stock of the Issuer does
not exceed 1% of such class of securities of the Issuer,
exclusive of Common Stock beneficially owned by Wechsler &
Co., Inc. All of such equity securities of the Issuer
beneficially owned by the Reporting Persons were acquired in
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the ordinary course of business and not with the purpose nor
with the effect of changing nor influencing the control of the
Company, nor in connection with or as a participant in any
transaction having such effect (including any transaction
subject to Rule 13d-3(b) promulgated under the Securities
Exchange Act of 1934).
Item 4. Ownership:
(a) Amount Beneficially Owned:
Each Reporting Person beneficially owns
328,396 shares of Common Stock, which amount consists
of 40,896 shares issuable upon conversion of $283,000
principal amount of the Issuer's 8 1/4% Convertible
Subordinated Debentures Due June 1, 2002 and 250,000
shares issuable upon conversion of $1,730,000
principal amount of the 9% Convertible Subordinated
Debentures Due 1996 originally issued by T-Bar
Incorporated.
(b) Percent of Class:
2.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote:
328,396 (giving effect to the conversions
as described in Item 4(a) above)
(ii) shared power to vote or to direct the
vote:
Not Applicable
(iii) sole power to dispose or to direct the
disposition of:
328,396 (giving effect to the conversions
as described in Item 4(a) above)
(iv) shared power to dispose or to direct
the disposition of:
Not Applicable
Items 5-9. Not Applicable
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Item 10. By signing below each of the undersigned certifies
that, to the best of its or his knowledge and
belief, the securities referred to above were
acquired in the ordinary course of business and were
not acquired for the purpose and do not have the
effect of changing or influencing the control of the
issuer of such securities and were not acquired in
connection with or as a participant in any
transaction having such purposes or effect.
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SIGNATURE
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After reasonable inquiry and to the best of each of the
undersigned's knowledge and belief, each of the undersigned certifies that the
information set forth in this statement is true, complete and correct.
Date: February 6, 1995
WECHSLER & CO., INC.
By: /S/ Norman J. Wechsler
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Norman J. Wechsler,
President
/s/ Norman J. Wechsler
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Norman J. Wechsler
