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Signed and page numbered in accordance with Rule 0-3(b). Page 1 of 4.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
AW Computer Systems, Inc.
(Name of Issuer)
Class A Common Shares
(Title of Class of Securities)
002448108
(CUSIP Number)
Vincent G. Vidas, 730 Lippincott Avenue, Moorestown,
New Jersey 08057 609-234-6700
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 7, 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 the parties to whom copies are to be sent.
* 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
disclosures provided in a prior cover page.
The information required on 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. 002448108
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
Vincent G. Vidas
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: [ ](a)
[ ](b)
3. SEC USE ONLY:
4. SOURCE OF FUNDS:
OO
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e): [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
USA
7. SOLE VOTING POWER:
NUMBER OF 472,574
SHARES
BENEFICIALLY 8. SHARED VOTING POWER:
OWNED BY EACH
REPORTING None
PERSON WITH
9. SOLE DISPOSITIVE POWER:
472,574
10. SHARED DISPOSITIVE POWER:
None
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
472,574
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES: [ ]*
13. PERCENT OF CLASS REPRESENTED BY AMOUNT OF ROW (11):
6.9%
14. TYPE OF REPORTING PERSON:
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO
ITEM 1-7 (INCLUDING) EXHIBITS) OF THE
SCHEDULE, AND THE SIGNATURE ATTESTATION.
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Item 3. Source and Amount of Funds or Other Consideration
On April 7, 1997, Mr. Vidas received a grant of options to purchase
100,000 Class A Common Shares (the "Common Shares") in connection with
his appointment to the Board of Directors of the Company.
Item 4. Purpose of Transaction
Mr. Vidas was granted the option to purchase 100,000 Common Shares in
connection with his appointment as a director of the Company. Mr.
Vidas' investment in the Company is held as a passive investment. Mr.
Vidas may acquire additional shares of the Company if further shares
can be acquired upon terms satisfactory to Mr. Vidas. Mr. Vidas intends
to review his investment position from time to time. Depending upon
such review, market and business conditions and other factors, Mr.
Vidas may choose to increase his position, maintain his present level
of investment or sell all or a portion of his investment in the
Company.
Item 5. Interest in Securities of the Issuer
(a) Mr. Vidas beneficially owns 472,574 Common Shares of the
Company, including 162,500 shares which Mr. Vidas has the
right to acquire within 60 days pursuant to options. Such
shares represent 6.9% of such class of securities issued and
outstanding on April 7, 1997.
(b) Mr. Vidas has the sole power to vote or to direct the vote of
310,074 Common Shares. The 162,500 Common Shares held subject
to options do not carry any voting rights unless and until the
options are exercised. Mr. Vidas has the sole power to dispose
or to direct the disposition of 310,074 Common Shares and
options to purchase 162,500 Common Shares.
(c) On April 7, 1997, Mr. Vidas received a grant of options to
purchase 100,000 Common Shares in connection with his
appointment to the Board of Directors of the Company. The
exercise price of each Common Share subject to the options is
$0.65 and the term of the options is for a period of five
years from the date of grant.
Except for the transaction reported above, Mr. Vidas has
effected no other transactions in the Common Shares within the
past 60 days.
(d) Not Applicable.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
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SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: April 16, 1997 /s/ Vincent G. Vidas
---------------------------------
Vincent G. Vidas
