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OMB APPROVAL
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OMB Number 3235-0287
Expires: 9/30/00
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange 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
[ ]Check box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See instruction 1(b).
Filed pursuant to Section 16(a) of the Securities and Exchange 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.
1. Name and Address of Reporting Person*
American Meter Company (f/k/a Eagle Research Corporation)
(Last) (First) (Middle)
300 Welsh Road
(Street)
Horsham PA 19044
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
METRETEK TECHNOLOGIES, INC. (MGAS)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
February, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
--- ----
Officer (give title below) Other (specify below)
--- ----
------------------------
7. Individual or Joint/Group Reporting
(check applicable line)
X Form Filed by One Reporting Person
----
Form Filed by More than One Reporting Person
----
<TABLE>
<CAPTION>
Table I-Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Transaction Date 3. Transaction Code
(Instr. 3) (Month/Day/Year) (Instr.8)
<S> <C> <C>
Common Stock 2/09/00 S
Common Stock 2/09/00 S
Common Stock 2/09/00 S
Common Stock 2/09/00 S
Common Stock 2/09/00 S
Common Stock 2/09/00 S
Common Stock 2/09/00 S
Common Stock 2/10/00 S
Common Stock 2/10/00 S
<PAGE>
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
--------------------------------------------------------------
Amount (A) or (D) Price
------ ---------- -----
<C> <C> <C>
5,000 D 13.5000 p/s
5,000 D 13.4375 p/s
9,000 D 13.3750 p/s
50,000 D 12.8750 p/s
3,000 D 13.2500 p/s
2,000 D 13.3125 p/s
1,000 D 13.7500 p/s
144,000 D 11.3750 p/s
1,000 D 12.0000 p/s
5. Amount if Securities Beneficially Owned at End of Month
<C>
219,560 (1)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 3 and 4)
<C>
D
7. Nature of Indirect Beneficial Ownership (Instr.4)
<C>
</TABLE>
*If the form is filed by more than one reporting person, see instruction
4(b)(v).
(Over)
Page 1 of 2
<PAGE>
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
Table II-Derivative Securities Acquired, Disposed of , or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible
securities)
1. Title of Derivative Security (Instr. 3)
<C>
Convertible Note (1)
Warrants (option to buy)
2. Conversion or Exercise Price of Derivative Security
<C>
n/a
$4.00 per warrant
3. Transaction Date (Month/Day/Year)
<C>
4. Transaction Code (Instr. 8)
Code V
---- ---
<C> <C>
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
(A) (D)
----- ---
<C> <C>
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
---------------- ---------------
<C> <C>
5/4/98 5/4/02
9/18/98 9/18/03
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Amount or Number of Shares
----- --------------------------
<C> <C>
Common Stock & Warrants
to acquire Common Stock 105,495/26,374 (1)
Common Stock 109,890
8. Price of Derivative Security (Instr. 5)
<C>
9. Number of Derivative Securities Beneficially Owned at End of Month(Instr.5)
<C>
241,759
<PAGE>
10. Ownership Form of Derivative Security Direct (D)or Indirect (I) (Instr. 4)
<C> <C>
D
D
</TABLE>
(1) This figure includes 105,495 Common Shares and warrants to acquire 26,374
Common Shares that American Meter will receive upon conversion of a
Convertible Note, which conversion option became exercisable on May 4, 1998.
American Meter Company
By: /s/ Alex Tyshovnytsky 3/6/00
------------------------ ------------
Name: Alex Tyshovnytsky Date
Title: Vice President - Finance
**Signature of Reporting Person
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a
currently valid OMB number.
Page 2 of 2
SEC 2270 (7-96)
