UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)
Air & Water Technologies Corporation
(Name of Issuer)
Class A Common Stock
$.001 par value
Series A Convertible Exchangeable Preferred Stock
$.01 par value
(Title of Class of Securities)
009058108
(CUSIP Number)
Compagnie Generale des Eaux
(Name of Persons Filing Statement)
John A. Bick
Davis Polk & Wardwell
450 Lexington Avenue
New York, New York 10017
Tel. No.: (212) 450-4000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
December 16, 1994
(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 statement because of Rule 13d-1(b)(3) or (4), check the following:
[ ].
Check the following box if a fee is being paid with this statement:
[ ].
SCHEDULE 13D
______________________________ ________________________________
| | | |
|CUSIP No. 009058108 | | Page __2___ of ______ Pages |
|____________________________| |______________________________|
___________________________________________________________________________
| 1 | NAME OF REPORTING PERSON |
| | S. S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
| | |
| | Compagnie Generale des Eaux |
|____|____________________________________________________________________|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
| | _ |
| | (a) |x| |
| | - |
| | |
| | _ |
| | (b) |_| |
| | |
|____|____________________________________________________________________|
| 3 | SEC USE ONLY |
| | |
|____|____________________________________________________________________|
| 4 | SOURCE OF FUNDS* |
| | WC and 00 |
|____|____________________________________________________________________|
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED _ |
| | PURSUANT TO ITEMS 2(d) or 2(E) |_| |
| | |
|____|____________________________________________________________________|
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| | France |
|____|____________________________________________________________________|
| | 7 | SOLE VOTING POWER |
| | | Common Stock: 13,166,475 |
| | | Series A Preferred Stock: 1,200,000 (See |
| | | Item 5) |
| NUMBER OF |____|_______________________________________________|
| SHARES | 8 | SHARED VOTING POWER |
| BENEFICIALLY | | None |
| OWNED BY |____|_______________________________________________|
| EACH | 9 | SOLE DISPOSITIVE POWER |
| REPORTING | | Common Stock: 13,166,475 |
| PERSON | | Series A Preferred Stock: 1,200,000 (See |
| WITH | | Item 5) |
| |____|_______________________________________________|
| | 10 | SHARED DISPOSITIVE POWER |
| | | None |
|____________________|____|_______________________________________________|
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| | Common Stock: 13,166,475 |
| | Series A Preferred Stock: 1,200,000 |
|____|____________________________________________________________________|
*SEE INSTRUCTIONS BEFORE FILLING OUT!SEC 1746 (9-88) 2 OF
|----|--------------------------------------------------------------------|
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES _ |
| | CERTAIN SHARES* |_| |
|____|____________________________________________________________________|
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| | 48.8% |
|____|____________________________________________________________________|
| 14 | TYPE OF REPORTING PERSON* |
| | CO |
|____|____________________________________________________________________|
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88) 3 of
Compagnie Generale des Eaux ("Generale des Eaux" or "CGE"), hereby amends and
supplements the report on Schedule 13D, originally filed on May 23, 1990, as
amended (the "Schedule 13D"), with respect to the purchase of shares of Class A
Common Stock, $.001 par value (the "Class A Common Shares"), and 5 1/2% Series
A Convertible Exchangeable Preferred Stock, $.01 par value (the "Series A
Preferred Stock"), of Air & Water Technologies Corporation (the "Company" or
"AWT").
Unless otherwise indicated, each capitalized term used but not
defined herein shall have the meaning assigned to such term in the Schedule
13D.
Item 5. Interest in Securities of the Company.
The response set forth in Item 5 of the Schedule 13D is hereby
amended and supplemented by the following information:
(a) Generale des Eaux has acquired, and, for the purpose of
Rule 13d-3 promulgated under the Exchange Act, will beneficially own 463,000
shares of Class A Common Stock, which, when added to the 12,703,475 Shares
already owned beneficially by Generale des Eaux is 13,166,475, representing
approximately 41.1% of the outstanding shares of Class A Common Stock of the
Company. Generale des Eaux also beneficially owns 1,200,000 shares of the
Series A Preferred Stock, which are convertible into 4,800,000 shares of the
Class A Common Shares. The aggregate of the Class A Common Shares and the
shares of the Series A Preferred Stock upon conversion beneficially owned by
Generale des Eaux would represent approximately 48.8% of the Class A Common
Shares.
Except as set forth in this Item 5(a), neither Generale des
Eaux, nor any other person controlling Generale des Eaux, nor, to the best of
its knowledge, any persons named in Schedule A or B to the Schedule 13D owns
beneficially any Shares.
(b) Upon the acquisition of the 463,000 shares described in
Schedule C, Generale des Eaux may be deemed pursuant to Rule 13d-3 to have the
power to vote or to direct the vote, or to dispose or direct the disposition of
13,166,475 shares of Class A Common Stock.
(c) Other than as set forth on Schedule C hereto, no
transactions in the Shares have been effected since Amendment No. 9 to the
Schedule 13D filed on June 15, 1994 by Generale des Eaux, any other person
controlling Generale des Eaux, or to the best of its knowledge, any of the
persons named in Schedule A or B to the Schedule 13D.
(d) Inapplicable
(e) Inapplicable
SIGNATURES
After reasonable inquiry and to the best knowledge and belief
of the undersigned, the undersigned certifies that the information set forth
in this statement is true, complete and correct.
Dated: January 10, 1995
COMPAGNIE GENERALE DES EAUX
By: /s/ Jean-Marc Espalioux
-----------------------
Chief Financial Officer
Schedule C
Date of Number Price Total
Purchase of Shares per Share Price
-------- --------- --------- -----
October 1994
10/06/94 3000 $ 6.96 $ 20,880
10/07/94 3000 7.04 21,120
10/10/94 1000 7.00 7,000
10/21/94 1000 7.00 7,000
10/24/94 2000 6.88 13,760
10/25/94 3000 6.92 20,760
10/26/94 1000 7.00 7,000
10/27/94 3000 6.73 20,190
10/28/94 2000 7.01 14,020
10/31/94 2000 7.01 14,020
------ -------
21,000 $ 145,750
November 1994
11/01/94 3000 $ 6.81 $ 20,430
11/02/94 2000 6.88 13,760
11/04/94 10000 6.52 65,200
11/07/94 4000 6.69 26,760
11/08/94 10000 6.50 65,000
11/09/94 3000 6.38 19,140
11/10/94 3000 6.02 18,060
11/11/94 9000 6.57 59,130
11/14/94 6000 6.56 39,300
11/15/94 8000 6.25 50,000
11/16/94 4000 6.56 26,240
11/17/94 5000 6.50 32,500
11/18/94 10000 6.25 62,500
11/21/94 3000 6.13 18,390
11/22/94 15000 5.90 88,500
11/23/94 9000 5.88 52,920
11/25/94 10000 6.05 60,500
11/28/94 8000 6.08 48,640
11/29/94 10000 6.00 60,000
11/30/94 15000 5.84 87,600
------ -------
147,000 $914,570
December 1994
12/01/94 15000 $ 5.53 $ 82,950
12/02/94 15000 5.58 83,700
12/05/94 15000 5.68 85,200
12/06/94 12000 5.72 68,640
12/07/94 13000 5.63 73,190
12/08/94 10000 5.48 54,800
12/09/94 15000 6.03 90,450
12/12/94 8000 6.00 48,000
12/13/94 10000 5.74 57,400
12/14/94 15000 5.63 84,450
12/15/94 10000 5.81 58,100
12/16/94 15000 5.88 88,200
12/19/94 10000 5.99 59,900
12/20/94 15000 6.04 90,600
12/21/94 15000 6.13 91,950
12/22/94 15000 6.13 91,950
12/23/94 15000 6.13 91,950
12/27/94 6000 6.00 36,000
12/28/94 15000 6.00 90,000
12/29/94 10000 5.88 58,800
12/30/94 15000 5.99 89,850
------- ---------
269,000 $1,576,080
January 1995
01/03/95 10000 $ 6.21 $ 62,100
01/04/95 10000 6.38 63,800
01/06/95 6000 6.63 39,780
------ --------
26,000 $165,680
Total 463,000 $2,802,080
