SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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)
(AMENDMENT __)1
Signal Technology Corporation
_________________________________
(Name of Issuer)
Common Stock, par value $.01 per share
___________________________________________
(Title of Class of Securities)
826675100
___________________________________________
(CUSIP Number)
December 31, 1998
_______________________________________________________
(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)
_________________________
1 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 disclosures 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 (the "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).
<PAGE>
_______________________________________________________________________________
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Caleb Loring, III
_______________________________________________________________________________
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
The United States of America
_______________________________________________________________________________
5 SOLE VOTING POWER
1,015,224 (See Item 4.)
NUMBER OF ______________________________________________________
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 223,665 (See Item 4.)
EACH ______________________________________________________
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,015,224 (See Item 4.)
______________________________________________________
8 SHARED DISPOSITIVE POWER
223,665 (See Item 4.)
_______________________________________________________________________________
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,238,889 (See Item 4.)
_______________________________________________________________________________
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
_______________________________________________________________________________
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.5%
_______________________________________________________________________________
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
_______________________________________________________________________________
<PAGE>
ITEM 1(A). NAME OF ISSUER:
Signal Technology Corporation (the "Company")
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
222 Rosewood Drive
Danvers, Massachusetts 01923
ITEM 2(A). NAME OF PERSON FILING:
Caleb Loring, III
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
c/o Essex Street Associates
400 Essex Street, P.O. Box 5600
Beverly Farms, Massachusetts 01915-6321
ITEM 2(C). CITIZENSHIP:
The United States of America
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share (the "shares")
ITEM 2(E). CUSIP NUMBER:
826675100
<PAGE>
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B)
OR (C), CHECK WHETHER THE PERSON FILING IS A:
(a) [] Broker or dealer registered under Section 15 of the
Exchange Act;
(b) [] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [] Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) [] Investment company registered under Section 8 of the
Investment Company Act;
(e) [] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [] A parent holding company or control person in accordance
with Rule 13d-1(b) (1)(ii)(G);
(h) [] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [] A church plan that is excluded from the definition of an
investment company under Section (c)(14) of the Investment
Company Act;
(j) [] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c),
check this box. [x]
<PAGE>
ITEM 4. OWNERSHIP:
<TABLE>
<CAPTION>
<S> <C>
(a) Amount beneficially owned: 1,238,889
(b) Percent of class: 16.5
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 1,015,224 (1)
(ii) Shared power to vote or direct the vote: 223,665 (2)
(iii) Sole power to dispose or direct the disposition of: 1,015,224 (1)
(iv) Shared power to dispose or direct the disposition of: 223,665 (2)
(1) Includes 1,012,224 shares held by a trust for the benefit
of family members of Harvey C. Krentzman of which the
Reporting Person disclaims beneficial ownership.
(2) Includes 222,665 shares held by several trusts for the
benefit of family members of Harvey C. Krentzman and
1,000 shares held by a trust of which the Reporting
Person's spouse is the beneficiary. The Reporting Person
disclaims beneficial ownership over all such shares.
</TABLE>
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
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.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
<PAGE>
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.
<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.
Dated: March 5, 1999
/s/ Caleb Loring, III
------------------------
Caleb Loring, III
