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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. _____)*
Shared Technologies, Inc.
_______________________________________________________________________
(Name of Issuer)
Common Capital Stock
_______________________________________________________________________
(Title of Class of Securities)
819488206
_______________________________________________________________________
(CUSIP Number)
Martin Miller 115 Foxcroft Drive Doylestown, PA 18901 215-345-7110
_______________________________________________________________________
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
March 18, 1996
_______________________________________________________________________
(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 [X].
(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 the disclosures provided in a prior cover page.
The information required in 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).
SEC 1746 (12-91)
<PAGE>
SCHEDULE 13D
CUSIP NO. ____________________ PAGE 2 OF 5 PAGES
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lawrence Auriana -- s/s ###-##-####
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) / /
(B) / /
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Personal funds
- ------------------------------------------------------------------------------
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 | 7 SOLE VOTING POWER 214,537
SHARES | ----------------------------------------------------------
BENEFICIALLY | 8 SHARED VOTING POWER N/A
OWNED BY | ----------------------------------------------------------
EACH | 9 SOLE DISPOSITIVE POWER 214,537
REPORTING | -----------------------------------------------------------
PERSON | 10 SHARED DISPOSITIVE POWER N/A
WITH |
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
654,861 shares by application of Rule 13d-3
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES / /
CERTAIN SHARES*
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.61%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
*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.
2 of 7
<PAGE>
PAGE 3 OF 5 PAGES
Item 1. Security and Issuer
Common capital stock -- 100 Great Meadow Road, Suite 104,
Wethersfield, CT 06109
Item 2. Identity and Background
Name: Lawrence Auriana
Business Address: 140 East 45th Street
43rd Floor
New York, NY 10017
Principal Occupation: Chairman of the Board and Vice President
of The Kaufmann Fund Inc., a mutual fund,
and President and a Director of Edgemont
Asset Management Company which serves
as investment manager of the Fund. The
Address of each Company is 140 East 45th
Street, 43rd Floor, New York, NY 10017.
Criminal Convictions: None
Party to a Civil Proceeding: No
Citizenship: United States Citizen
Item 3. Source and Amount of Funds and Other Consideration
The source of the funds used in making the purchase were
the personal funds of Mr. Auriana, no part of which were
borrowed or otherwise obtained for the purpose of acquiring,
holding or trading the securities.
Item 4. Purpose of the Transaction
The purpose of the acquisition of the securities was for
investment only. The Fund presently owns 5.79% of the
common stock of the issuer and it may acquire more in
the future if it is considered to be financially
advantageous for the Fund to do so. The Fund's ownership
<PAGE>
PAGE 4 OF 5 PAGES
Item 4. Purpose of the Transaction (continued)
as at 12/31/95 has been reported to the SEC on Schedule 13G.
Item 5. Interest in Securities of the Issuer
(a) Mr. Auriana owns 214,537 shares of the Issuer's common
capital stock representing 2.82% of the outstanding
shares and in accordance with the provisions of Rule
13d-3 is also deemed the beneficial owner of an additional
440,324 shares or 5.79% which shares are owned by the Fund.
(b) Edgemont Asset Management Company of which Mr. Auriana
is a control person may vote or direct the vote or dispose
of or direct the disposition of the shares of the Issuer
owned by the Fund.
(c) Mr. Auriana acquired 214,537 shares at an average price
of $4.11 per share. The shares were acquired over a period
of time in brokerage transactions in the open market.
(d) No other person has the right to receive or to direct the
receipt of dividends or the proceeds of the sale of the
securities owned by Mr. Auriana.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
None
Item 7. Materials to be Filed as Exhibits
None
<PAGE>
PAGE 5 OF 5 PAGES
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.
___________________ ____________________________________
Date Signature
Lawrence Auriana
