UNITED STATES 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 Instructions 1(b).
1. Name and Address of Reporting Person
Risher, James A.
2419 Anderson Drive
Raleigh, North Carolina 27608
2. Issuer Name and Ticker or Trading Symbol
Exide Electronics Group, Inc.
XUPS
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
10/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President and Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, par value |10/16/|J(1)| |239,068 |D |$29.00 |30,022 (1)(2) |D | |
$.01 per share |97 | |V| | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
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Explanation of Responses:
1. On October 16, 1997, BTR plc (the "Parent") and BTR
Acquisition Corporation, an indirect, wholly-owned subsidiary
of Parent (the "Purchaser"), entered into a Stockholder
Agreement (the "Stockholder Agreement") with Mr. Risher and
three other stockholders (collectively, the "Four
Stockholders") of Exide Electronics Group, Inc. (the
"Company"). Pursuant to the Stockholder Agreement and subject
to the terms set forth therein, the Four Stockholders have
agreed to tender, in accordance with the terms of the tender
offer set forth in the Purchaser's Schedule 14D-1 dated as of
October 20, 1997 (the "Offer"), 2,273,033 shares (including
239,068 shares owned by Mr. Risher) of common stock (the
"Common Stock"), par value $.01 per share of the Company
(collectively, the "Specified Shares"). Pursuant to the
Stockholder Agreement, the Four Stockholders granted the
Purchaser an irrevocable option (the "Option") to purchase the
Specified Shares at the offer price set forth in the Offer,
which Option becomes exercisable upon the termination in
certain circumstances of the Agreement and Plan of Merger (the
"Merger Agreement"), dated October 16, 1997, by and among the
Company, the Parent and the Purchaser. The Option will expire
90 days after the occurrence of certain events that terminate
the Merger Agreement, subject to certain conditions. Pursuant
to the Stockholder Agreement, the Four Stockholders also
granted the Parent and Purchaser an irrevocable proxy for the
Specified Shares in connection with the transactions
contemplated by the Merger Agreement. A copy of the
Stockholder Agreement has been filed by the Company as Exhibit
4 to the Company's Schedule 14D-9 filed with the Securities and
Exchange Commission on October 20, 1997 and relating to the
Offer.
2. Excludes options to purchase 90,103 shares of Common
Stock.
SIGNATURE OF REPORTING PERSON
/s/ James A. Risher
James A. Risher
DATE
11/10/97
