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OMB APPROVAL
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OMB Number: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response: ...... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person*
BTR Acquisition Corporation
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(Last) (First) (Middle)
c/o BTR Incorporated, Stamford Harbor Park, 333 Ludlow Street
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(Street)
Stamford Connecticut 06902
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
10/16/97
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Exide Electronics Group, Inc. (XUPS)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form Filed by One Reporting Person
[ X ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 4
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Option (1) 10/16/97 (2) Common Stock 2,273,033 $29.00 D
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</TABLE>
Explanation of Responses:
1 On October 16, 1997, BTR plc (the "Parent"), BTR Acquisition Corporation
(the "Purchaser"), an indirect wholly owned subsidiary of the Parent,
entered into a Stockholder Agreement (the "Stockholder Agreement") with
certain shareholders (the "Four Shareholders") of Exide Electronics Group,
Inc. (the "Company"). Pursuant to the Stockholder Agreememt and upon
the terms set forth therein, the Four Shareholders have agreed to tender,
in accordance with the terms of the tender offer set forth in Purchaser's
Schedule 14D-1 dated as of October 20, 1997 (the "Offer"), 2,273,033
shares (the "Specified Shares") of Common Stock, par value $.01 per
Share (the "Common Stock"), of the Company (including 1,066,667 shares
of Common Stock issuable upon conversion of Series G Convertible
Preferred Stock, par value $.01, of the Company) owned beneficially (or
of record) by such Four Shareholders. Pursuant to the Stockholder
Agreement, the Four Shareholders granted the Purchaser an irrevocable
option (the "Option") to purchase the Specified Shares at the offer
price set forth in the Offer, which becomes exercisable upon certain
terminations of the Agreement and Plan of Merger between the Parent,
the Purchaser and the Company dated October 16, 1997 (the "Merger
Agreement"). Pursuant to the Stockholder Agreement, the Four Share-
holders granted the Parent and the Purchaser an irrevocable proxy for
the Specified Shares.
2 The Option will expire 90 days after certain events that terminate the
Merger Agreement, subject to certain conditions.
/s/ David J. Stevens 10/23/97
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**Signature of Reporting Person 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 provided is insufficient. See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
Page 2 of 2
(122795DTI)
