UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 13)*
EDISON CONTROL CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01
(Title of Class of Securities)
280883109
(CUSIP Number)
William B. Finneran, CIBC Oppenheimer Corp., 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)
May 5, 1998
(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).
<PAGE>
SCHEDULE 13D
CUSIP No. 280883109
1. NAME OF REPORTING PERSONS/I.R.S. IDENTIFICATION NUMBERS OF ABOVE
PERSONS
William B. Finneran
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS
PF
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
1,448,378 (including warrant to purchase 500,000 shares)
8. SHARED VOTING POWER
-0-
9. SOLE DISPOSITIVE POWER
1,448,378 (including warrant to purchase 500,000 shares)
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,448,378 (including warrant to purchase 500,000 shares)
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)
51.5%
14. TYPE OF REPORTING PERSON
IN
<PAGE>
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. 13
to the Schedule 13D as follows:
Item 3. Source and Amount of Funds or other Consideration.
On May 5, 1998, Mr. Finneran used personal funds in the aggregate amount
of $87,500 to exercise an option to purchase 35,000 shares of Common Stock
at $2.50 per share.
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 2,275,933 shares outstanding, which is the
number of shares outstanding as of January 31, 1998 as reported in the
Company's Annual Report on Form l0-K for the year then ended.
As of the close of business on May 15, 1998, Mr. Finneran owns directly
948,378 shares of Common Stock and holds a warrant to purchase 500,000
shares of Common Stock, thereby totaling 1,448,378 shares of Common Stock.
Such shares constitute approximately 51.5% of the shares outstanding
(based upon 2,810,933 shares which would be outstanding upon the
exercising of the warrant). By reason of the provisions of Rule 13d-3,
Mr. Finneran may be deemed to own beneficially the 4,760 shares owned by
UGMA Accounts, which when aggregated with the shares owned by Mr.
Finneran, total 1,453,138 (including warrant to purchase 500,000 shares),
constituting approximately 51.7% of the shares outstanding (based upon
2,810,933 shares which would be outstanding upon the exercising of the
warrant).
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: May 15, 1998 /s/ William B. Finneran
William B. Finneran
