U.S. SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
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
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 5. Relationship
of Reporting
Person to
Issuer (check
all applicable)
William M. Gary III Onsite Energy Corporation (OTC:ONSE) [X] Director [X] 10% Owner
__ Officer __ Other
(give title (specify
below) below)
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(Last) (First) (Middle) 3. Statement for Month/Year 4.If 6. Individual or Joint/
Amendment, Group Filing (Check
701 Palomar Airport Road Date of Applicable Line)
Suite 200 Original
(Month/Year)
(Street)
Carlsbad CA 92009 [X] Form filed by one Reporting Person
___ Form filed by More than One
Reporting Person
(City) (State) (Zip)
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY OWNED
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1. Title of 2. Transaction 3. 4. Securities Acquired 5. Amount of 6. 7.
Security Date Transaction (A) or Disposed or (D) Securities of Ownership Nature
(Instr. 3) (Mo./Day/Yr.) Code (Instr. 3, 4 and 5) Acquired Securities Form: of
(Instr. 8) Beneficially Direct (D) Indirect
Owned at End or Beneficial
of Month Indirect Ownership
(Instr. 3 (I) (Instr. 4)
and 4) (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common 4/1/98 M 100,000 A $0.28
Stock
Class A Common 4/1/98 M 14,670 A $0.2956 1,879,782 D
Stock
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REMINDER: REPORT ON A SEPARATE LINE FOR EACH CLASS OF SECURITIES BENEFICIALLY
OWNED DIRECTLY OR INDIRECTLY.
*IF THE FORM IS FILED BY MORE THAN ONE REPORTING PERSON, SEE INSTRUCTION 4(b)(v)
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FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED
OF, OR BENEFICIALLY OWNED
(E.G., puts, calls, warrants, options,
convertible securities)
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1. 2. 3. 4. 5. 6. Date 7. Title 8. Price 9. 10. 11.
Title of Conversion Transaction Transaction Number of Exercisable and of Number Ownership Nature
Derivative or Date Code Derivative and Amount Derivative of Form of of
Security Exercise (Mo./Day/Yr.) (Instr. 8) Securities Expiration of Security Derivative Derivative Indirect
(Instr. Price of Acquired (A) Date Underlying (Instr. 5) Securities Security: Benefi-
Derivative or Disposed (Mo./Day/Yr.) Securities Beneficially Direct (D) cial
Security of (D) (Instr. (Instr. 3 Owned at End or Indirect Owner-
3, 4 and 5) and 4) of Month (I) ship
of (D) (Instr. 4) (Instr. 4) (instr
(Instr.3, 4)
4 and 5)
Amount or
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Amount
or
Date Expiration Number of
Code V (A) (D) Exercisable Date Title Shares
Option to
Purchase
Class A $0.28 4/1/98 M 100,000 2/15/95 8/9/05 Class 100,000 $0.28
Common A
Stock Common
Stock
Option to
Purchase
Class A $0.2956 4/1/98 M 14,670 5/22/96 5/22/06 Class A 14,670 $0.2956 30,691 D
Common Common
Stock Stock
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Explanation of Responses:
**Intentional misstatements or omissions of
facts constitute Federal Criminal Violations. WILLIAM M. GARY III MAY 8, 1998
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------- -----------
**Signature of Date
Reporting Person
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, SEE Instruction 6 for procedure.