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
Fiskars Oy Ab
Mannerheimintie 14 A
Helsinki, Finland SF-00101
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)
( ) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
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>
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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)| |680,614 |D |$29.00 |144,386 (1) |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> Series G <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Convertible Preferred|1-for-1 |10/16|J(1)|V|1,000,000 |D |Immed| - |Common Stock|1,000, |$29.00 |(1) |D | | |
Stock 97 000
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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 Fiskars Oy Ab 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
1,680,614 shares owned by Fiskars Oy Ab (including shares of
Common Stock issuable upon conversion of 1,000,000 shares of
Series G Convertible Preferred Stock, par value $.01 per share,
of the Company) 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.
SIGNATURE OF REPORTING PERSON
Fiskars Oy Ab
/s/ Christian G. Steinmetz
Christian G. Steinmetz
Attorney-in-Fact
for Stig Stendahl
President and Chief Executive Officer
DATE
11/10/97
