FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
<TABLE>
<CAPTION>
<S> <C> <C> <C>
------------------------------------- ------------------------ ---------------------------
1. Name and Address of Reporting Person 2. Date of Event 4. Issuer Name and Ticker
Requiring Statement or Trading Symbol
(Month/Day/Year)
Sharpe, Rita A. 10/31/97 Onsite Energy Corporation
- ----------------------------------------- ------------------------ ----------------------------- ------------------
(Last) (First) (Middle) 3. IRS or Social Security 5. Relationship of Reporting 6. If Amendment,
Number of Reporting Person to Issuer Date of Original
Person (Voluntary) (Check all applicable) (Month/Day/Year)
[X] Director [X] 10% Owner
[ ] Officer [ ] Other (specify
(title below)
below)
818 Kansas Avenue
- -------------------------------
(Street)
Topeka, KS 66612
- -------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip)
TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
1.Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Direct (D) or Ownership (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
Class A Common Stock 3,714,500 I By Westar Capital, Inc.{(1)}
</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (8-92)
<PAGE>
FORM 3 (continued)
TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS,
CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
- ------------------------ ---------------------- ------------------------ -------------- ---------------- --------------
1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) and Expiration Date Securities Underlying or Exercise Form of Indirect
(Month/Day/Year) Derivative Security of Price of Derivative Beneficial
(Instr. 4) Derivative Security: Ownership
Security Direct (D) (Instr.5)
or Indirect (I)
(Instr. 5)
------------- ---------- -------- -----------
Date Expiration Title Amount or
Exercisable Date Number of
Shares
--------------------- ------------- --------- ------------------------ -------------- ----------------- --------------
Series C Preferred Stock Immed. None Class A Common 1,000,000 None I By Westar Capital
Inc {(1)}
--------------------- ------------- --------- ------------------------ -------------- ----------------- --------------
Options to Purchase Class
A Common Stock (Rule
16b-3) Immed. 10/31/2002 Class A Common 25,000 $0.875 D
--------------------- ------------- --------- ------------------------ -------------- ----------------- --------------
Option to Purchase Class
A Common Stock 6/30/98 12/31/98 Class A Common 2,000,000 Footnote (2) I By Westar Capital
Inc. {(1)}
--------------------- ------------- --------- ------------------------- -------------- ------------------ ---------------
Contingent Right to
Class A Common Stock Immed. 3/1/98 Class A Common 800,000 Footnote (3) I By Westar Capital
Inc. {(1)}
--------------------- ------------- --------- ------------------------- -------------- ------------------- ----------------
</TABLE>
Explanation of Responses:
(1) The Reporting Person is the President and Chairman of the Board of Westar
Capital, Inc., and therefore may be deemed to beneficially own the shares held
by Westar Capital, Inc. The Reporting Person disclaims such beneficial
ownership.
(2) Westar Capital, Inc. has the right to purchase additional shares at a price
equal to the average closing price of Onsite Class A Common Stock, as that term
is defined in the Stock Subscription Agreement, but not less than $1.00 nor more
than $2.00 per share.
(3) Pursuant to the Reorganization Agreement to which Westar Cpaital, Inc. is a
party, Westar Capital, Inc. may receive 800,000 additional shares of Class A
Common Stock as additional consideration in the Reorganization should certain
identified business contracts be executed before March 1, 1998.
RITA A. SHARPE 11/10/97
--------------------------------------- --------------------
**Signature of Reporting Person Date
**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.
Page 2
SEC 1473 (8-92)
