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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Amendment No. 2
Under the Securities Exchange Act of 1934
EQUITRAC CORPORATION
(Name of Issuer)
Common Stock, $0.01 Par Value
(Title of Class of Securities)
294599 105
(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).
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CUSIP No. 294599 105
(1) Names of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Persons
John T. Kane
(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a) (b)
(3) SEC Use Only
(4) Citizenship or Place of Organization U.S.A.
Number of (5) Sole Voting Power 177,000(1)
Shares
Beneficially (6) Shared Voting Power 733,400(2)
Owned by
Each (7) Sole Dispositive Power 177,000(1)
Reporting
Person With (8) Shared Dispositive Power 733,400(2)
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person 910,400(1)(2)
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) [ ]
(11) Percent of Class Represented by Amount in Row (9) 24.1%(3)
(12) Type of Reporting Person (See Instructions) IN
Item 1(a). Name of Issuer:
EQUITRAC CORPORATION
Item 1(b). Address of Issuer's Principal Executive Offices:
836 Ponce de Leon Boulevard
Coral Gables, Florida 33134
Item 2(a). Name of Person Filing:
John T. Kane
Item 2(b). Address of Principal Business Office or, if none,
residence:
836 Ponce de Leon Boulevard
Coral Gables, Florida 33134
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Item 2(c). Citizenship:
U.S.A.
Item 2(d). Title of Class of Securities:
Common Stock, $.01 Par Value
Item 2(e). CUSIP Number:
294599 105
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), identify the status of the person filing.
Bank as defined in Section 3(a)(6) of the Act.
Item 4. Ownership.
(a) Amount Beneficially Owned: 910,400(1)(2)
(b) Percent of Class: 24.1% (3)
(c) Number of shares as to which such person has:
<TABLE>
<S> <C>
(i) sole power to vote or to direct the vote 177,000(1)
(ii) shared power to vote or to direct the vote 733,400(2)
(iii) sole power to dispose or to direct the
disposition of 177,000(1)
(iv) shared power to dispose or to direct the
disposition of 733,400(2)
</TABLE>
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.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
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Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
(1) Includes 50,000 shares held pursuant to the grant of stock
options.
(2) Includes 725,000 shares held by the Reporting Person as
Beneficiary under a Trust Agreement dated December 30, 1996
between the Reporting Person and The Northern Trust Company
("Trustee"). Pursuant to the Trust Agreement, the Trustee has
sole voting power and sole dispositive power with respect to such
shares. Also includes 8,400 shares held by the Reporting Person's
Spouse.
(3) Calculated on the basis of 3,764,700 shares of Common Stock
outstanding on December 30, 1996.
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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.
February 5, 1997 /s/ John T. Kane
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John T. Kane
