UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 14)*
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)
March 30, 1999
(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: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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
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
1,501,278 (including warrant to purchase 500,000 shares)
8. SHARED VOTING POWER
-0-
9. SOLE DISPOSITIVE POWER
1,501,278 (including warrant to purchase 500,000 shares)
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,501,278 (including warrant to purchase 500,000 shares)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
51.7%
14. TYPE OF REPORTING PERSON
IN
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<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. 14 to the Schedule 13D as
follows:
Item 3. Source and Amount of Funds or other Consideration.
On March 30, 1999, Mr. Finneran used personal funds in the aggregate amount of
$409,975 to purchase 52,900 shares of Common Stock at $7.75 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 2,346,933 shares outstanding, which is the number of shares
outstanding as of October 31, 1998 as reported in the Company's Annual Report on
Form l0-Q for the quarter then ended.
As of the close of business on March 30, 1999, Mr. Finneran owns directly
1,001,278 shares of Common Stock and holds a warrant to purchase 500,000 shares
of Common Stock, thereby totaling 1,501,278 shares of Common Stock. Such shares
constitute approximately 51.7% of the shares outstanding (based upon 2,899,833
shares which would be outstanding upon the exercise 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 1,506,038 (including warrant to purchase 500,000
shares), constituting approximately 51.9% of the shares outstanding (based upon
2,899,833 shares which would be outstanding upon the exercise 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: April 7, 1999 /s/ William B. Finneran
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William B. Finneran
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