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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.___) (1)
Edac Technologies Corporation
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(Name of Issuer)
Common Stock $.0025 par value
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(Title of Class of Securities)
279285 10 0
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(CUSIP Number)
GERALD C. SMITH
63 Castleman Drive
Southington, Connecticut 06489
Telephone: 860-628-0183
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 31, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1 (b)(3) or (4), check the following
box / /.
Note: Six copies of this statement, including all exhibits, should
be filed with the Commission. See Rule 13d-1(a) for other parties to
whom copies are to be sent.
(Continued on following pages)
(Page 1 of 5 Pages)
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(1) The remainder of this cover page shall be filed out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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SCHEDULE 13D
CUSIP NO. 279285 10 0 PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gerald C. Smith
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED / /
PURSUANT TO ITEMS 2(d) OR 2(e)
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 398,510.8
OWNED BY ---------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
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9 SOLE DISPOSITIVE POWER
398,510.8
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
398,510.8
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.6%
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14 TYPE OF REPORTING PERSON IN
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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CUSIP NO. 279285 10 0 PAGE 3 OF 5 PAGES
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Item 1. Security and Issuer.
Common Stock, par value $.0025
Edac Technologies Corporation
1790 New Britain Avenue
Farmington, CT 06032
Item 2. Identity and Background.
Gerald C. Smith is a former partner of G.I. Keg, a Connecticut
general partnership that was formed for the purposes of acquiring shares
of the common stock of Edac Technologies Corporation (the "Stock"). Keg
was dissolved on December 31, 1996 and 385,903.4 shares of the Stock
formerly held by Keg will be distributed to Gerald W. Smith.
(a) Gerald C. Smith
(b) Residence address: 63 Castleman Drive
Southington, CT 06489
(c) Retired
(d) No
(e) No
(f) United States
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
Gerald C. Smith received 385,903.4 shares of Stock by
distribution due to the dissolution of the Keg general partnership. Gerald C.
Smith has no present plans or proposals that relate to or could result in any
of the actions specified in clauses (a) through (j) of Item 4 of
Schedule 13D.
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CUSIP NO. 279285 10 0 PAGE 4 OF 5 PAGES
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Item 5. Interest in Securities of the Issuer.
(a) Gerald C. Smith beneficially owns 398,510.8 shares
representing 10.6% of the outstanding Stock as of January 2, 1997.
(b) Sole voting power: 398,510.8
Shared voting power: 0
Sole dispositive power: 398,510.8
Shared dispositive power: 0
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
Not applicable.
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CUSIP NO. 279285 10 0 PAGE 5 OF 5 PAGES
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is
true, complete and correct.
Date: January 10, 1997
/S/
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Gerald C. Smith
