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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.___)
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ASA International Ltd.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
001912 20 3
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*The remainder of this cover page shall be filled 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 the
disclosures provided in a prior page.
The information required in 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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CUSIP No. 001912 20 3 13G Page 2 of 6
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SCHEDULE 13G
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alfred C. Angelone
###-##-####
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP - (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5. SOLE VOTING POWER
1,529,226 (includes 245,000 shares
underlying options exercisable within the
next sixty (60) days. Also includes
665,597 shares held by TradePoint Systems,
over which Mr. Angelone has sole voting
control.
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH
REPORTING ------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH:
863,629 (includes 245,000 shares underlying
options exercisable in the next sixty (60)
days.)
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8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
863,629 (includes 245,000 shares underlying options exercisable in the
next sixty (60) days.)
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [X]
The amount in Row (9) excludes 665,597 shares owned by TradePoint
Systems, LLC. Mr. Angelone has the power to vote these shares,
but disclaims any beneficial interest therein.
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
21.6%
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12. TYPE OF REPORTING PERSON.
IN
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CUSIP No. 001912 20 3 13G Page 3 of 6
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Item 1(a). Name Of Issuer:
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ASA International Ltd.
Item 1(b). Address Of Issuer's Principal Executive Offices:
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10 Speen Street, Framingham, Massachusetts 01701
Item 2(a). Name Of Person Filing:
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Alfred C. Angelone
Item 2(b). Address Of Principal Business Office:
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10 Speen Street, Framingham, Massachusetts 01701
Item 2(c). Citizenship Or Place Of Organization:
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United States
Item 2(d). Title Of Class Of Securities:
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Common Stock
Item 2(e). Cusip Number:
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001912 20 3
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
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13d-2(b), check whether the person filing is a:
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(a) [ ] Broker or Dealer registered under section 15 of the
Act
(b) [ ] Bank as defined in section 3(a) (6) of the Act
(c) [ ] Insurance Company as defined in section 3(a) (19) of
the Act
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CUSIP No. 001912 20 3 13G Page 4 of 6
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(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund
(g) [ ] Parent Holding Company, in accordance with
ss.240.13d-1 (b) (ii) (G)
(h) [ ] Group, in accordance with
ss.240.13d-1 (b) (1) (ii) (H)
Item 4. Ownership:
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(a) Amount Beneficially Owned As Of December 31, 1996:
863,629 (includes 245,000 shares underlying options
exercisable in the next sixty (60) days.)
(b) Percent Of Class:
21.6%
(c) Number Of Shares As To Which Such Person Has:
(i) Sole power to vote or to direct the vote:
1,529,226 (includes 245,000 shares
underlying options exercisable within the
next sixty (60) days. Also includes 665,597
shares held by TradePoint Systems, over
which Mr. Angelone has sole voting control.
(ii) Shared power to vote or to direct the vote:
0 shares.
(iii) Sole power to dispose or to direct the
disposition of:
863,629 (includes 245,000 shares underlying
options exercisable in the next sixty (60)
days.)
(iv) Shared power to dispose or to direct the
disposition of:
0 shares.
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CUSIP No. 001912 20 3 13G Page 5 of 6
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Item 5. Ownership Of Five Percent Or Less Of A Class:
---------------------------------------------
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. [ ]
Item 6. Ownership Of More Than Five Percent On Behalf Of Another Person:
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Not applicable.
Item 7. Identification And Classification Of The Subsidiary Which Acquired
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The Security Being Reported On By The Parent Holding Company:
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Not Applicable:
Item 8. Identification And Classification Of Members Of The Group:
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Not applicable.
Item 9. Notice Of Dissolution Of Group:
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Not applicable.
Item 10. Certification:
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and 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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CUSIP No. 001912 20 3 13G Page 6 of 6
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SIGNATURE
After reasonable inquiry and to the best of its or his knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
February 14, 1997
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(Date)
/s/ Alfred C. Angelone
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(Signature)
Alfred C. Angelone
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(Name)
