--------------------------------------
OMB APPROVAL
--------------------------------------
OMB Number: 3235-0145
Expires: December 31, 1997
Estimate Average Burden
hours per response.............14.90
--------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.7)*
DBA SYSTEMS, INC.
(Name of Issuer)
COMMON STOCK, $.10 PAR VALUE
(Title of Class of Securities)
233031103
(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 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 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).
Page 1 of 6 Pages
<PAGE>
CUSIP No.233031103 13G Page 2 of 6 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WECHSLER & CO., INC.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,490,127
OWNED BY --------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON Not Applicable
WITH --------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,490,127
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,490,127
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
33.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BD
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 3 of 6 Pages
CUSIP No.233031103 13G Page 3 of 6 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Norman J. Wechsler
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,490,127
OWNED BY --------------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON Not Applicable
WITH --------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,490,127
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
Not Applicable
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,490,127
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
33.2%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 6 Pages
<PAGE>
Item 1(a). Name of Issuer:
DBA SYSTEMS, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
1200 South Woody Burke Road
Melbourne, FL 32901
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, $.10 par value
Item 2(e). CUSIP Number:
233031103
Item 3. Type of Reporting Person:
(a) Wechsler & Co., Inc. is a broker-dealer registered under
Section 15 of the Securities Exchange Act of 1934. Norman J.
Wechsler is the majority shareholder, Chairman of the Board
and President of Wechsler & Co., Inc. and, accordingly, is
considered the beneficial owner of securities beneficially
owned by Wechsler & Co., Inc. Mr. Wechsler's beneficial
ownership of Common Stock of the Issuer does not exceed 1%
of such class of equity securities, exclusive of equity
securities beneficially owned by Wechsler & Co., Inc.
(b) - (h): Not applicable
Page 4 of 6 Pages
<PAGE>
Item 4. Ownership:
(a) Amount Beneficially Owned:
At December 31, 1996, Wechsler & Co., Inc. beneficially
owned 1,490,127 shares of Common Stock, all of which is held
in its market-making accounts for securities of the Issuer.
Mr. Wechsler is deemed the beneficial owner of such shares
by reason of his relationship with Wechsler & Co., Inc.
(b) Percent of Class:
33.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,490,127
(ii) shared power to vote or to direct the vote:
Not Applicable
(iii) sole power to dispose or to direct the disposition of:
1,490,127
(iv) shared power to dispose or to direct the disposition
of:
Not Applicable
Items 5-9. Not Applicable
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 purpose or effect.
Page 5 of 6 Pages
<PAGE>
SIGNATURE
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, 1997
WECHSLER & CO., INC.
By: /s/ Norman J. Wechsler
----------------------
Norman J. Wechsler,
President
/s/ Norman J. Wechsler
----------------------
Norman J. Wechsler
Page 6 of 6 Pages
