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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
LITHIUM TECHNOLOGY CORPORATION
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(Name of Issuer)
COMMON
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(Title of Class of Securities)
536808306
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(CUSIP Number)
Harry Edelson
Edelson Technology Partners III, L.P.
300 Tice Boulevard, Woodcliff Lake, NJ 07675
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 20, 1998
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(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-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement / /. (A fee
is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(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. 536808306 PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EDELSON TECHNOLOGY PARTNERS III, L.P.
TAX ID# 22-3256000
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
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7 SOLE VOTING POWER
NUMBER OF
SHARES ---
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 1,049,518
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
---
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,049,518
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,049,518
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.94%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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SCHEDULE 13D
CUSIP NO. 536808306 PAGE 3 OF 4 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EDELSON TECHNOLOGY ASSOCIATES III, L.P.
TAX ID# 22-3257334
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /X/
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DE
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7 SOLE VOTING POWER
NUMBER OF
SHARES ---
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 1,049,518
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
---
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,049,518
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,049,518
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.94%
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14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 4
Page 4 of 4 Pages
This Statement constitutes an amendment to the Statement on Schedule 13D
(the "Original Statement") filed by Edelson Technology Partners III, L.P., a
Delaware limited partnership ("Partnership III"), with respect to shares of
Common Stock, $.01 par value (the "Common Stock"), of Lithium Technology
Corporation. Since the filing of the Original Statement, Partnership III sold
285,000 shares of Common Stock at an average price of $.88 per share.
Accordingly, the following item of the Original Statement is amended to read in
its entirety as follows:
Item 5. Interest in Securities of the Issuer.
(a) As of the date hereof, the aggregate number of shares of Common Stock
owned beneficially by Partnership III and ETA III is 1,049,518 shares, which
constitutes approximately 4.94% of the issued and outstanding shares of Common
Stock of the Company. The foregoing calculation of percentage ownership is based
upon information as to the issued and outstanding shares of Common Stock of the
Company as reported by the Company's transfer agent as of July 31, 1998.
(b) Partnership III and ETA III have shared voting, investment and
disposition power as to 1,049,518 shares of Common Stock. Except for the
foregoing shares of Common Stock, insofar as is known to Partnership III and ETA
III, none of the persons named or referred to in response to Item 2 has voting,
investment or disposition power as to any shares of Common Stock or Warrants.
(c) During the month of February 1998, Partnership III and ETA III sold a
total of 35,000 shares through the NASDAQ exchange at an average price of $1.125
per share. From May through August 1998, Partnership III and ETA III sold
250,000 shares through the NASDAQ exchange at an average price of $.83 per
share. These transactions reflected a 1% change of ownership.
(d) Not Applicable.
(e) Not Applicable.
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.
August 25, 1998
EDELSON TECHNOLOGY ASSOCIATES III, L.P.
EDELSON TECHNOLOGY PARTNERS III, L.P.
BY: /s/ Harry Edelson
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HARRY EDELSON
GENERAL PARTNER
