SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------
Amendment #1
SCHEDULE 13G
(Rule 13d - 102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d -
1 (b)(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d - 2(b)
METRETEK TECHNOLOGIES, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
566323309
---------
(CUSIP NUMBER)
Kenneth B. Funsten
121 Outrigger Mall
Marina del Rey, CA 90292
(310) 577-7887
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Michael G. Tannenbaum, Esq.
Tannenbaum Helpern Syracuse & Hirschtritt
900 Third Avenue - 13th Floor
New York, New York 10022
(212) 508-6700
December 9, 2000
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1-(b)
|X| Rule 13d-1-(c)
|_| Rule 13d-1-(d)
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.
Page 1 of 6 Pages
<PAGE>
CUSIP No. 566323309
1. Names of Reporting Persons I.R.S. Identification Nos. of Above Persons
(entities only)
Kenneth B. Funsten
________________________________________________________________________________
2. Check the Appropriate Box if a Member of a Group (See Instructions)
a. ___________________________________________________________________________
b. _X_________________________________________________________________________
3. SEC Use Only ______________________________________________________________
4. Citizenship or Place of Organization: USA
_____________________________________
Number of Shares 5. Sole Voting Power _________641,224 Shares_______
Beneficially
Owned by 6. Shared Voting Power_____________0_______________
Each
Reporting 7. Sole Dispositive Power ____641,224 Shares_______
Person
With 8. Shared Dispositive Powerr_______0_______________
5. Aggregate Amount Beneficially Owned by Each Reporting Person 641,224 Shares
______________
6. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) _____________________________________________________
7. Percent of Class Represented by Amount in Row 9 10.5 % of Common Stock
__________________________
8. Type of Reporting Person (See Instructions) IN
______________________________
Page 2 of 6 Pages
<PAGE>
CUSIP No. 566323309
Item 1(a) Name of Issuer:
Metretek Technologies, Inc. (the "Issuer")
Item 1(b) Address of Issuer:
Metretek Technologies, Inc.
1675 Broadway
Suite 2150
Denver, CO 80202
Item 2(a) Name of Person Filing:
Kenneth B. Funsten
Item 2(b) Address of Principal Business Office or, if none, Residence:
The address of the reporting person is:
Kenneth B. Funsten
121 Outrigger Mall
Marina del Rey, CA 90292
Item 2(c) Citizenship:
USA
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
566323309
Item 3 If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
13d-2(c) promulgated under the Securities Exchange Act of 1934, check
whether the filing person is a:
Page 3 of 6 Pages
<PAGE>
CUSIP No. 566323309
a.|_| Broker or dealer registered under Section 15 of the Act,
b.|_| 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 in accordance with Rule 13d-1(b)(1)(ii)(E),
f.|_| Employee Benefit Plan, or Endowment Fund in accordance with Rule
13d-1(b)(1)(ii)(F),
g.|_| Parent Holding Company or Control Person, in accordance with Rule
13d-1(b)(ii)(G); (Note: see Item 7)
h.|_| A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813);
i.|_| A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940;
j.|_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4 Ownership:
(a) Amount Beneficially Owned:
As a holder of sole voting and investment authority over the shares
owned by FamCo Value Income Partners, L.P. and FamCo Offshore, Ltd.
and as a holder of the Issuer's shares directly, Mr. Funsten may be
deemed, for the purposes of Rule 13d-3 under the Securities and
Exchange Act of 1934, as amended, to be the beneficial owner of a
total of 641,224 shares of common stock of the Issuer as follows:
427,670 shares of common stock, 500 shares of Series B convertible
preferred stock (convertible into 163,554 shares of common stock) and
500 warrants (convertible into 50,000 shares of common stock) owned by
himself and those entities. Based upon the combined ownership of the
shares and the warrants, Mr. Funsten may be deemed to own 10.5% of the
total of 6,107,021 shares (calculated by adding (i) the Issuer's
5,893,467 shares outstanding as of December 20, 2000 (based upon
information obtained from the Issuer), (ii) 50,000 shares which would
be outstanding upon the conversion of the warrants and (iii) 163,554
shares which would be outstanding upon the conversion of the Series B
convertible preferred stock). Mr. Funsten disclaims any economic
interest in the shares as to which Mr. Funsten has no direct or
indirect pecuniary interest.
Page 4 of 6 Pages
<PAGE>
CUSIP No. 566323309
(b) Percent of Class: 10.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
641,224 Shares
(ii) Shared power to vote or direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
641,224 Shares
(iv) Shared power to dispose or direct the disposition of:
0
Item 5 Ownership of 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 |_|
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not applicable
Item 7 Identification and Classification of the Subsidiary which Acquired the
Security Being Reported on By the Parent Holding Company:
Not applicable
Page 5 of 6 Pages
<PAGE>
CUSIP No. 566323309
Item 8 Identification and Classification of Members of the Group:
Not applicable
Item 9 Notice of Dissolution of Group:
Not applicable
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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.
December 29, 2000
(Date)
/s/ Kenneth B. Funsten
(Signature)
Kenneth B. Funsten
(Name/Title)
Page 6 of 6 Pages
