UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 12)*
EDISON CONTROL CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01
(Title of Class of Securities)
280883109
(CUSIP Number)
William B. Finneran, Oppenheimer & Co. Inc., World Financial Center,
34th Floor, New York, New York 10281 (212) 667-7670
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 18, 1997
(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-l(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-l(a) for other parties to whom copies
are to be sent.
*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 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. 280883109
1. NAME OF REPORTING PERSON, S.S. OR I.R.S. IDENTIFICATION
William B. Finneran SS# ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
Number of shares beneficially owned by each reporting person with:
7. SOLE VOTING POWER
1,365,045 (including options and warrants to purchase 35,000 and
500,000 shares, respectively)
8. SHARED VOTING POWER
-0-
9. SOLE DISPOSITIVE POWER
1,365,045 (including options and warrants to purchase 35,000 and
500,000 shares, respectively)
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,365,045 (including options and warrants to purchase 35,000 and
500,000 shares, respectively)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES[ ]
See Item 5
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.9%
14. TYPE OF REPORTING PERSON
IN
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The Schedule 13D filed April 14, 1989 (the "Schedule 13D") of William B.
Finneran, relating to the Common Stock, par value $. 0l per share (the
"Common Stock") issued by Edison Control Corporation, a New Jersey
corporation (the "Company") , is hereby amended by this Amendment No. 12
to the Schedule 13D as follows:
Item 3. Source and Amount of Funds or other Consideration.
On March 18, 1997, Mr. Finneran purchased 83,260 shares of Common Stock at
$4.05 per share in an open market transaction.
Item 4. Purpose of Transaction.
The shares were acquired by Mr. Finneran for his investment account. Mr.
Finneran is currently Chairman of the Board of the Company.
Item 5. Interest in Securities of the Issuer.
The aggregate percentage of shares of Common Stock reported owned by each
person herein is based upon 2,250,933 shares outstanding, which is the
number of shares outstanding as of October 30, 1996 as reported in the
Company's Quarterly Report on Form l0-Q for the fiscal quarter ended
September 30, 1996.
As of the close of business on March 24, 1997, Mr. Finneran owns directly
890,045 shares of Common Stock and holds options and warrants to purchase
35,000 and 500,000 shares, respectively, of Common Stock, totaling 1,365,045
shares of Common Stock. Such shares constitute approximately 48.9% of the
shares outstanding (based upon 2,785,933 shares which would be outstanding
upon the exercise of such options and warrants). By reason of the provisions
of Rule 13d-3, Mr. Finneran may be deemed to own beneficial
535,000 shares), constituting approximately 49.1% of the shares outstanding
(based upon 2,785,933 shares which would be outstanding upon the exercise of
such options and warrants).
Item 6. Contracts., Arrangements, Understandings or Relationships, with
Respect to Securities of the Issuer.
Not Applicable.
Item 7. Material to Be Filed as Exhibits.
None.
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.
Dated: March 25, 1997 /s/ William B. Finneran
William B. Finneran
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