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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response.......0.5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See
Instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person*
London Frederick W.
(Last) (First) (Middle)
Pinkerton's Inc.
15910 Ventura Bolevard, Suite 900
(Street)
Encino CA 91436-3095
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Questron Technology, Inc. (Nasdaq: QUST)
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Statement for
(Month/Year)
9/98
- --------
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v).)
5. If Amendment, Date of Original
(Month/Year)
6. Relationship of Reporting Persons to Issuer
(Check all applicable)
X Director ______ 10% Owner
-----
_____ Officer (give title below) ______ Other (specify
below)
Vice President
7. Individual or Joint/Group filing (Check Applicable Line)
X Form filed by One Reporting Person
-----
______ Form filed by More than One Reporting Person
TABLE I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
1. Title of 2. Trans 3. Transaction 4. Securities Acquired 5. Amount of
Security action Code (A) or Disposed of (D) Securities
(Instr.3) Date (Instr.8) (Instr.3, 4 and 5) Beneficially
(Month Owned at End
/Date/ of Month
(Inst. 3 and
4)
Code V Amount (A) or Price
(D)
</TABLE>
1. Title of 6. Ownership 7. Nature of
Security Form: Indirect
(Instr.3) Direct Beneficial
(D) or Ownership
Indirect
(I) (Instr. 4)
(Instr.
4)
FORM 4 (continued) TABLE II - Derivative Securities Acquired,
Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options,
convertible securities)
<TABLE>
<CAPTION>
1. Title of 2 Conver 3. Trans 4. Transaction 5. Number of Deriv 6. Date Exercisable and
Derivative sion or action Code ative Securities Expiration Date
Security Exercise Date Acquired (A) or (Month/Day/Year)
(Instr.3) Price of (Instr. 8) Disposed of (D)
Deri (Month/
vative Day/ (Instr. 3, 4,
Security Year) and 5)
Code V (A) (D) Date Exercisable Expiration Date
<S> <C> <C> <C> <C> <C> <C> <C>
Non-qualified 9/8/98 A V 3,000 A Immediately 9/8/08
options to
purchase
shares of
Common Stock,
par value
$.001 per
share
</TABLE>
<TABLE>
<CAPTION>
1. Title of 7. Title and Amount of 8. Price of 9. Number of 10.Ownership 11. Nature of
Derivative Underlying Security Derivative Derivative Form of Deriva Indirect Bene
Security Security Securities tive Security: ficial Owner
(Instr.3) (Instr.3 and 4) Beneficially Direct (D) or ship (Instr.
(Instr. 5) Owned at End Indirect (I) 4)
of Month (Instr. 4)
Title Amount or (Instr. 4)
Number of
Shares
<S> <C> <C> <C> <C> <C>
Option to Common Stock 3,000 $4.625/share 3,500 (See D
acquire (Note par value Note 1)
1) $.001 per
share
</TABLE>
Explanation of Responses:
1. Includes 500 Series IV Warrants. By:/s/ Frederick W. London
-------------------------------
**Signature of Reporting Person
October 8, 1998
-------------------------
Date
**Intentional misstatements or omissions of facts constitute
Federal Criminal Violations
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
SEC 1474 (7-96)
<PAGE>
764246.1
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