RELIABILITY INC
SC 13G/A, 1994-02-14
INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS
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<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                  SCHEDULE 13G

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (Amendment No. 7)




                                Reliability, Inc.
  -----------------------------------------------------------------------------
                                (Name of Issuer)



                                  Common Stock
  -----------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   759903107
  -----------------------------------------------------------------------------
                                 (Cusip Number)




Check the following 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).





                      (Continued on the following page(s))

                                  Page 1 of 5


<PAGE>   2

<TABLE>
<S>                                             <C>                         <C>           <C>
       CUSIP NO.                                759903107                   13G           PAGE 2 OF 5     PAGES

   1   NAME OF REPORTING PERSON
                               
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       Society Corporation
       I.R.S. Employer Identification No. 34-6542451

   2   CHECK THE APPROPRIATE BOX IF A                                     
       MEMBER OF A GROUP*
                                                                       (a)   /  /

                                                 Not Applicable        (b)   /  /
   3   SEC USE ONLY

   4   CITIZENSHIP OR PLACE OF ORGANIZATION

       State of Ohio

                                             5   SOLE VOTING POWER          0
                    Number of
                      Shares                 6   SHARED VOTING                                                                
                   Beneficially                  POWER                      0
                     Owned By
                  Each Reporting             7   SOLE DISPOSITIVE
                   Person With                   POWER                      0

                                             8   SHARED                                                      
                                                 DISPOSITIVE POWER          0
                                                                           

   9   AGGREGATE AMOUNT BENEFICIALLY OWNED                                          
       BY EACH REPORTING PERSON

                   0

  10   CHECK BOX IF THE AGGREGATE AMOUNT                                        
       IN ROW (9) EXCLUDES CERTAIN SHARES*

                  Not Applicable

  11   PERCENT OF CLASS REPRESENTED BY                                      
       AMOUNT IN ROW 9

                       0.0%

  12   TYPE OF REPORTING PERSON*
                                
                        HC

SEC 1745 (6-80)                            *SEE INSTRUCTIONS BEFORE FILING OUT
</TABLE>


                                     2 of 5


<PAGE>   3

                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON  D.C.  20549

                                  SCHEDULE 13G

                 Under the Securities and Exchange Act of 1934
                               (Amendment No. 7)

ITEM 1 (A).  NAME OF ISSUER:

Reliability, Inc.
- -----------------------------------------------------------------------------
                                                                            

ITEM 1 (B).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:               
                                                                            
16400 Park Avenue Row
- -----------------------------------------------------------------------------
Houston, Texas 77084
- -----------------------------------------------------------------------------
                                                                            

ITEM 2 (A).  NAME OF PERSON FILING:                                         
                                                                            
Society Corporation                                                         
- -----------------------------------------------------------------------------

                                                                            
ITEM 2 (B).  ADDRESS OF PRINCIPAL BUSINESS OFFICE:                          
                                                                            
127 Public Square                                                           
- -----------------------------------------------------------------------------
Cleveland, Ohio 44114-1306
- -----------------------------------------------------------------------------

                                                                            
ITEM 2 (C).  PLACE OF ORGANIZATION:                                         
                                                                            
State of Ohio                                                               
- -----------------------------------------------------------------------------
                                                                            

ITEM 2 (D).  TITLE OF CLASS OF SECURITIES:                                  
                                                                            
Common Stock                                                                
- -----------------------------------------------------------------------------

                                                                            
ITEM 2 (E).  CUSIP NUMBER:                                                  
                                                                            
759903107
- -----------------------------------------------------------------------------

                                                                            
ITEM 3.         IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR  
                     13D-2 (B), INDICATE TYPE OF PERSON FILING:          

                                                                            
Person filing is a Parent Holding Company, in accordance with 
240.13d - 1(b)(ii)(G)
- -----------------------------------------------------------------------------
                                                                            
                                     3 of 5


<PAGE>   4

<TABLE>                                                        
<S>      <C>                                                               <C>      
ITEM 4.  OWNERSHIP:                                            
                                                               
          (a)  Amount of beneficially owned:                                             0 shares
                                                                            ---------------------
          (b)  Percent of class:                                                         0.0%
                                                                            ---------------------
          (c)  Number of shares as to which such person has:               
                                                               
              (i) Sole power to vote or to direct the vote                                     0
                                                                                    -------------
             (ii) Shared power to vote or to direct the vote                                   0
                                                                                    -------------
            (iii) Sole power to dispose or to direct the disposition of                        0
                                                                                    -------------
             (iv) Shared power to dispose or to direct the disposition of                      0
                                                                                    -------------
</TABLE>
                                                               

ITEM 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

          This statement is being filed to report that as of December 31,
          1993 Society Corporation has ceased to be beneficial owner of
          more than 5% of the common stock of Reliability, Inc.

ITEM 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
          PERSON:

          Other persons are known to have the right to receive or
          the power to direct the receipt of dividends or the
          proceeds from the sale of these securities.  Those persons 
          whose interest relates to more than five percent of the 
          class are:

          None
          ----

ITEM 7.   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARIES
          WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
          PARENT HOLDING COMPANY:

          Identification:  Society National Bank-Indiana
                           -----------------------------

          Classification:  (B) Bank as defined by Section 
                           --------------------------------
                           3(A)(6) of the Act.
                           -------------------

ITEM 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
          GROUP:

          Not Applicable
          --------------

ITEM 9.   NOTICE OF DISSOLUTION OF GROUP:

          Not Applicable
          --------------

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<PAGE>   5

ITEM 10.  CERTIFICATION

The undersigned expressly declares that the filing of the Schedule 13G shall
not be construed as an admission that the undersigned is, for purposes of
Section 13(d) and 13(g) of the Securities Exchange Act of 1934, the beneficial
owner of any securities covered by this Schedule 13G.


By signing below, I certify that, to the best of my knowledge and belief, the
securities referred to above 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 purposes or effect.


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.


Date:  2/8/94
      --------

Society Corporation

By: /s/ Frank I. Harding III
    ------------------------

Frank I. Harding III
Executive Vice President




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