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OMB APPROVAL
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- ------ OMB Number: 3235-0287
FORM 4 Expires: February 1, 1999
- ------ Estimated average burden
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Shanklin William L. ABC Dispensing Technologies, Inc. Symbol: ABCC Issuer (Check all applicable)
- ------------------------------------------- -------------------------------------------- X Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Number of Reporting Month/Year Officer (give Other (Specify
1921 Basswood Drive Person (Voluntary) 2/98 ---- title --- below)
- --------------------------------------------- ------------------- below)
(Street) -------------------- 5. If Amendment, __________________________________
Kent, Ohio 44240 Date of Original 7. Individual or Joint/Group Filing
- --------------------------------------------- (Month/Year) (Check Applicable Line)
(City) (State) (Zip) _x_ Form filed by One Reporting Person
------------ Form filed by more than one
__ Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 186,170 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
If this form is filed by more than one person, see Instruction 4(b)(v)
(Print or Type Responses) SEC 1474 (3/91)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Options to purchase common 1 1/8 1/29/98 1/29/08 Common 40,000 (1)
Stock (right to buy) Stock
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Convertible Preferred (2) (3) (4) Common 62,500
(right to buy) Stock
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Convertible Preferred (2) 2/7/98 A 2 (3) (4) Common 25,000 $25,000
(right to buy) Stock
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<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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Options to purchase common 75,000 D
Stock (right to buy)
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Convertible Preferred 62,500 D
(right to buy)
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Convertible Preferred 50,000 D
(right to buy)
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Explanation of Responses: (1) In consideration for accepting a position on Board
and for 1998 fiscal year Board service.
(2) Convertible at one share of Common Stock per $1.00
of par value of preferred Stock
(3) Immediately
(4) No expiration date
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ William L. Shanklin 3/6/98
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Note. File three copies of this Form, one of which must be manually signed.
If space provided 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 dispalys a currently valid
OMB Number.
Page 2
SEC 1474 (8/92)
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