UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
PSC INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
69361E107
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(Cusip Number)
*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).
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CUSIP NO. 69361E107 13G
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Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
Keystone Financial, Inc.
23-2289209
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
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5 SOLE VOTING POWER
NUMBER OF
SHARES 199,200
BENEFICIALLY ---------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON ---------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
568,050
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
568,050
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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
5.1%
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12 TYPE OF REPORTING PERSON*
HC
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 69361E107 13G
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Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
Martindale Andres & Company, Inc.
23-2827938
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
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5 SOLE VOTING POWER
NUMBER OF
SHARES 199,200
BENEFICIALLY ----------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON ----------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
568,050
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
568,050
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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
5.1%
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12 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13-G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(c)
Item 1.
(a) Name of Issuer.
PSC Inc.
(b) Address of Issuer's Principal Executive Offices.
675 Basket Road
Webster, New York 14580
Item 2.
(a) Name of Person Filing.
1. Martindale Andres & Company, Inc.
2. Keystone Financial, Inc.
(b) Address of Principal Business Office or, if none, Residence.
1. 200 Four Falls Corporate Center, Suite 200
West Conshohocken, Pennsylvania 19428
2. One Keystone Plaza
P.O. Box 3660
Harrisburg, Pennsylvania 17105-3660
(c) Citizenship.
1. Pennsylvania
2. Pennsylvania
(d) Title of Class of Securities.
Common Stock
(e) CUSIP Number.
-1-
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69361E107
Item 3. This statement is filed pursuant to Rule 13d-1(b) and the persons filing
are:
1. Martindale Andres & Company, Inc. is an Investment
Advisor registered under Section 203 of the
Investment Advisors Act of 1940.
2. Keystone Financial, Inc. is a Parent Holding
Company, in accordance with Rule 13d-1(b)(ii)(G).
Item 4. Ownership.
(a) Amount Beneficially Owned.
568,050 shares of Common Stock
(b) Percent of Class.
5.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 199,200.
(ii) shared power to vote or to direct the vote: 0.
(iii) sole power to dispose or to direct the disposition
of: 568,050.
(iv) shared power to dispose or to direct the
disposition of: 0.
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.
Shares as to which this Schedule is filed are owned
by a variety of investment advisory clients of
Martindale Andres & Company, Inc., which clients
receive or have the power to direct the receipt of
dividends from, or the proceeds from the sale of,
such shares. No such client is known to have such
interest with respect to more than 5% of the class.
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Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Martindale Andres & Company, Inc. is a wholly owned
subsidiary of Keystone Financial, Inc.
Item 8. Identification and Classification of Members of a Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
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Item 10. Certification.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of 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.
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.
March 5, 1997
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Date
Keystone Financial, Inc.
/s/Robert E. Leech
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Signature
Robert E. Leech,
Senior Vice President
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Name/Title
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Item 10. Certification.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of 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.
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.
March 4, 1997
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Date
Martindale Andres & Company, Inc.
/s/Daniel N. Mullen
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Signature
Daniel N. Mullen,
Chief Administrative Officer
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Name/Title
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<PAGE>
Exhibit A
The undersigned agree, to the extent required by Rule 13d-1(f), that
this statement is being filed on behalf of each of them.
Martindale Andres & Company, Inc.
/s/Daniel N. Mullen
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Signature
Name: Daniel N. Mullen
Title: Chief Administrative Officer
Keystone Financial, Inc.
/s/Robert E. Leech
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Signature
Name: Robert E. Leech
Title: Senior Vice President
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