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F O R M 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Wexford Management LLC
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(Last) (First) (Middle)
411 W. Putnam Avenue
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(Street)
Greenwich, CT 06830
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
December 29, 1997
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker of Trading Symbol
Media Logic, Inc. (TST)
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5. Relationship of Reporting Person to Issuer (check all applicable)
[ ] Director*
[ X ] 10% Owner
[ ] Officer (give title below)
[ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group filing (Check Appropriate Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More Than One Reporting Person
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<TABLE>
<CAPTION>
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TABLE I -- NON-DERIVATIVE SECURITIES BENFICIALLY OWNED
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1. Title of Security (Instr. 4) 2. Amount of Securities 3. Ownership From: 4. Nature of Indirect
Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership
(Instr 5.) (Instr. 5)
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<S> <C> <C> <C>
Common Stock, par value .01/share 1,233,332 shares I By Wexford Spectrum
Investors LLC (1)
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Common Stock, par value .01/share 2,466,668 shares I By Imprimis SB L.P.(1)
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</TABLE>
(1) Wexford Management LLC ("Wexford Management") is the manager of (i) Wexford
Spectrum Investors LLC, which owns 1,233,332 shares of the issuer's common stock
and (ii) Imprimis SB GP LLC, the General Partner of Imprimis SB L.P., which owns
2,466,668 shares of the issuer's common stock. The reporting person disclaims
beneficial ownership of the securities reported hereby, and this report shall
not be deemed an admission that the reporting person is the beneficial owner of
such securities for purposes of Section 16 or any other purpose.
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<TABLE>
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TABLE II -- DERIVATIVE SECURITIES BENFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Date 3. Title and 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) Exercisable Amount of Or Exercise Form of Indirect
and Securities Price of Derivative Beneficial
Expiration Underlying Derivative Security: Ownership
Date (Month/ Derivative Security Direct (Instr. 5)
Day/Year) Security (D) or
(Instr. 4) Indirect (I)
(Instr. 5)
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Date Expira- Amount or
Exer- tion Number
cisable Date Title of Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Common Stock Purchase Warrants 12/29/97 12/29/02 Common Stock, par 333,333 $1.50 I By Wexford
value $.01 per Spectrum
share Investors, LLC(1)
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Common Stock Purchase Warrants 12/29/97 12/29/02 Common Stock, par 333,333 $3.00 I By Wexford
value $.01 per Spectrum
share Investors, LLC(1)
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Common Stock Purchase Warrants 12/29/97 12/29/02 Common Stock, par 666,667 $1.50 I By Imprimis SB
value $.01 per L.P. (1)
share
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Common Stock Purchase Warrants 12/29/97 12/29/02 Common Stock, par 666,667 $3.00 I By Imprimis SB
value $.01 per L.P.(1)
share
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Explanation of Responses:
(1) Wexford Management LLC ("Wexford Management") is the manager of (i) Wexford
Spectrum Investors LLC, which owns 666,666 shares of the issuer's common stock
purchase warrants, and (ii) Imprimis SB GP LLC, the General Partner of Imprimis
SB L.P., which owns 1,333,334 shares of the issuer's common stock purchase
warrants. The reporting person disclaims beneficial ownership of the securities
reported hereby, and this report shall not be deemed an admission that the
reporting person is the beneficial owner of such securities for purposes of
Section 16 or for any other purpose.
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/s/Arthur Amron 1/12/98
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Signature of Reporting Person Date
