UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
PLC Systems, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
69341D104
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(CUSIP Number)
Check the following box if a fee is being paid with this statement |_|. (A fee
is not required only if the filing 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).
*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
disclosure 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.)
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CUSIP No. 693410104 13G Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Arab Banking Corporation (B.S.C.)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Bahrain
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5 SOLE VOTING POWER
NUMBER OF
747,100
SHARES -------- --------------------------------------------------------
-------- --------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY -------- --------------------------------------------------------
-------- --------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
747,100
REPORTING
-------- --------------------------------------------------------
-------- --------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
0
WITH
- --------- ----------------------------------------------------------------------
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
747,100
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.52%
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12 TYPE OF REPORTING PERSON*
BK
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CUSIP No. 693410104 13G Page 3 of 6 Pages
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Pursuant to Rule 13d-2(c), the entire text of the original Schedule 13G
dated February 16, 1993, is hereby restated in this Amendment No. 4 to Schedule
13G. The original Schedule 13G dated February 16, 1993, the first amendment
dated February 18, 1993, the second amendment dated November 13, 1995 and the
third amendment dated February 11, 1996 are hereby amended by deleting Item 4 in
its entirety and inserting in its place Item 4 as set forth below.
Item 1.
(a) Name of Issuer
PLC Systems, Inc.
(b) Address of Issuer's Principal Executive Offices
113 Cedar Street
Suite 52
Milford, Massachusetts 01757
Item 2.
(a) Name of Person Filing
Arab Banking Corporation (B.S.C.)
(b) Address of Principal Business Office or, if none, Residence
Investment Management Department
P.O. Box 5698
ABC Tower, Diplomatic Area
Manama, State of Bahrain
(c) Citizenship
State of Bahrain
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
69341D104
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CUSIP No. 693410104 13G Page 4 of 6 Pages
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Item 3. If this statement is filed pursuant to Rule 13-1(b), or 13d-2(b),
check whether the person filing is a:
(a) |_| Broker or Dealer registered under Section 15 of the Act
(b) |X| Bank as defined in section 3(a)(6) of the Act
(c) |_| Insurance Company as defined in section 3(a)(19) of the Act
(d) |_| Investment Company registered under section 8 of the Investment
Company Act
(e) |_| Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) |_| Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see section 240.13d-1(b)(1)(ii)(F)
(g) |_| Parent Holding Company, in accordance with section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) |_| Group, in accordance with section 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
(a) Amount Beneficially owned: 747,100
(b) Percent of Class: 4.52%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 747,100
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 747,100
(iv) shared power to dispose or to direct the disposition of: 0
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CUSIP No. 693410104 13G Page 5 of 6 Pages
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Item 5. Ownership Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following |X|.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Item 8. Identification and Classification of Members of the Group
Item 9. Notice of Dissolution of Group
Item 10. Certification
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer and were not acquired in
connection with or as a participant in any transaction having such purposes or
effect.
<PAGE>
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: March 4, 1997
ARAB BANKING CORPORATION (B.S.C.)
/s/ Jan Peter Faberij De Jonge
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Name: Jan Peter Faberij De Jonge
Title: First Vice President and Asst. General Mgr.
