PIONEER STANDARD ELECTRONICS INC
SC 13G, 1998-02-13
ELECTRONIC PARTS & EQUIPMENT, NEC
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<PAGE>   1

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                                Amendment No. _

                  PIONEER STANDARD ELECTRONICS, INCORPORATED
                                     COMMON
                                CUSIP: 723877106

                               December 31, 1997

Check the following box if a fee is being paid with this statement _

<TABLE>
           <S>                                                           <C>
            (1)     Names of Reporting Persons S.S. or I.R.S.            Wachovia Corporation
           Identification Nos. of Above Persons                          56-1473727
            (2)     Check the Appropriate Box if a Member of a Group     (a)N/A
           (See Instructions)
                                                                         (b)N/A
            (3)     SEC Use Only
            (4)     Citizenship or Place of Organization                 North Carolina
           Number of Shares Beneficially Owned by Each Reporting
           Person With
                             (5)    Sole Voting Power                                               0
                             (6)    Shared Voting Power                                     4,780,000
                             (7)    Sole Dispositive Power                                          0
                             (8)    Shared Dispositive Power                                        0

            (9)     Aggregate Amount Beneficially Owned by Each                             4,780,000
           Reporting Person
                    (10) Check if Aggregate Amount in Row 9 Excludes
                    Certain Shares (See Instructions)
           (11)     Percent of Class Represented by Amount in Row 9                  15.3%
           (12)     Type of Reporting Person
                    (See Instructions)                                                HC
</TABLE>





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ITEM 1 (a)  NAME OF ISSUER:

               See cover page.

ITEM 1 (b)  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

               4800 East 131st Street
               Cleveland, Ohio  44150

ITEM 2 (a)  NAME OF PERSON FILING:

            A. See cover page.

ITEM 2 (b)  ADDRESS OF PRINCIPAL BUSINESS OFFICE:

            A. 100 North Main Street
               Winston-Salem, North Carolina 27150-3099

ITEM 2 (c)  CITIZENSHIP:

            A. See cover page.

ITEM 2 (d) TITLE OF CLASS OF SECURITIES:

               See cover page.

ITEM 2 (e) CUSIP NUMBER:

               See cover page.

ITEM 3     IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-3(B),
           CHECK WHETHER THE PERSON FILING IS A:

           (g) (X) PARENT HOLDING COMPANY, IN ACCORDANCE WITH 240.13D-1(B)(II)
                   (G) (NOTE: SEE ITEM 7) 
                   

ITEM 4     OWNERSHIP.

           IF THE PERCENT OF THE CLASS OWNED, AS OF DECEMBER 31 OF THE YEAR
           COVERED BY THE STATEMENT, OR AS OF THE LAST DAY OF ANY MONTH
           DESCRIBED IN RULE 13D-1 (B)(2), IF APPLICABLE, EXCEEDS FIVE PERCENT,
           PROVIDE THE FOLLOWING INFORMATION AS OF THAT DATE AND IDENTIFY THOSE
           SHARES WHICH THERE IS A RIGHT TO ACQUIRE.

           WACHOVIA CORPORATION

           (a) AMOUNT BENEFICIALLY OWNED:    See cover page

           (b) PERCENT OF CLASS:             See cover page

           (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:





                                                                     Page 2 of 4
<PAGE>   3


<TABLE>
         <S>                                                                    <C>
         (I)   SOLE POWER TO VOTE OR TO DIRECT THE VOTE                         See cover page

         (II)  SHARED POWER TO VOTE OR TO DIRECT THE VOTE                       See cover page

         (III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF            See cover page

         (IV)  SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF          See cover page

</TABLE>


ITEM 5   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

          N/A

ITEM 6   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

          N/A

ITEM 7   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
         SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

         The securities to which this report relates are held by Wachovia Bank,
         N.A.(IRS Identification number 56-0927594) as trustee.

         This filing should not be construed as an admission that the trustee
         or its parent, Wachovia Corporation, are, for the purposes of Section
         13(d) or 13(g) of the Act, beneficial owners of any securities covered
         by this statement.

ITEM 10  CERTIFICATION:

         BY SIGNING BELOW, I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE AND
         BELIEF, THE SECURITIES REFERRED TO ABOVE WERE NOT ACQUIRED FOR THE
         PURPOSE OF AND DO NOT HAVE THE EFFECT OF CHANGING OR INFLUENCING THE
         CONTROL OF THE ISSUER OF SUCH SECURITIES AND WERE NOT ACQUIRED IN
         CONNECTION WITH OR AS A PARTICIPANT IN ANY TRANSACTION HAVING SUCH
         PURPOSES OR EFFECT.





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<PAGE>   4

                                   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:   February 11, 1998

     FOR:    Wachovia Corporation


     BY:     /s/ Ricky B. Nicks
             ----------------------------------------
             Attorney-in-Fact
             Ricky B. Nicks, Executive Vice President
             Wachovia Operational Services Corporation
             (Authorized by Wachovia Corporation under a limited power of
             attorney filed with the Schedule 13G for Moore
             Products, Incorporated, CUSIP 615836103, filed by Wachovia
             Corporation on February 11, 1998.)





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