OWOSSO CORP
SC 13G/A, 2000-02-14
MOTORS & GENERATORS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                 SCHEDULE 13G/A
                                 (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 No. 1 )(1)
                                            ---

                               Owosso Corporation
             -------------------------------------------------------
                                (Name of Issuer)


                     Common Stock, par value $.01 per share
             -------------------------------------------------------
                         (Title of Class of Securities)


                                   691217 10 3
             -------------------------------------------------------
                                 (CUSIP Number)


                                December 31, 1999
             -------------------------------------------------------
             (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 ("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).


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- -------------------------------                    -----------------------------
CUSIP NO. 691217 10 3                13G/A                Page 1 of 3 Pages
- -------------------------------                    -----------------------------

- --------------------------------------------------------------------------------
   1       NAME OF REPORTING PERSON
           IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

           George B. Lemmon, Jr.

- --------------------------------------------------------------------------------
   2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a)  [ ]
                                                                       (b)  [ ]


- --------------------------------------------------------------------------------
   3       SEC USE ONLY


- --------------------------------------------------------------------------------
   4       CITIZENSHIP OR PLACE OF ORGANIZATION

           U.S.A.
- --------------------------------------------------------------------------------
                             5      SOLE VOTING POWER

                                           183,873
       NUMBER OF
        SHARES              ----------------------------------------------------
     BENEFICIALLY            6      SHARED VOTING POWER
       OWNED BY
         EACH                              217,538
       REPORTING
        PERSON              ----------------------------------------------------
         WITH                7      SOLE DISPOSITIVE POWER

                                           183,873

                            ----------------------------------------------------
                             8      SHARED DISPOSITIVE POWER

                                           217,538

- --------------------------------------------------------------------------------
   9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           401,411
- --------------------------------------------------------------------------------
   10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
           SHARES*
                                                                            [ ]

- --------------------------------------------------------------------------------
   11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                 6.8%
- --------------------------------------------------------------------------------
   12      TYPE OF REPORTING PERSON*

                 IN
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>

- -------------------------------                    -----------------------------
CUSIP NO. 691217 10 3                13G/A                Page 2 of 3 Pages
- -------------------------------                    -----------------------------


Item 1(a)  Name of Issuer:

           Owosso Corporation (the "Issuer")

Item 1(b)  Address of Issuer's Principal Executive Offices:

           The Triad Building
           2200 Renaissance Boulevard, Suite 150
           King of Prussia, PA  19406

Item 2(a)  Name of Person Filing:

           George B. Lemmon, Jr.

Item 2(b)  Address of Principal Business Office or, if None, Residence:

           c/o Owosso Corporation
           The Triad Building
           2200 Renaissance Boulevard, Suite 150
           King of Prussia, PA  19406

Item 2(c)  Citizenship:

           United States of America

Item 2(d)  Title of Class of Securities:

           Common Stock, par value $.01 per share ("Common Stock")

Item 2(e)  CUSIP Number:

           691217 10 3

Item 3     If This statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
           or (c), Check Whether the Person Filing is a:

           Not applicable

           If this statement is filed pursuant to Rule 13d-1(c), check this
           box.  [X]

Item 4     Ownership.

           (a)   Amount Beneficially Owned:                              401,411

           (b)   Percent of Class:                                       6.8%


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- -------------------------------                    -----------------------------
CUSIP NO. 691217 10 3                13G/A                Page 3 of 3 Pages
- -------------------------------                    -----------------------------

           (c)   Number of shares of Common Stock as to which such person has:

                 (i)   sole power to vote or to direct the vote          183,873

                 (ii)  shared power to vote or to direct the vote        217,538

                 (iii) sole power to dispose or to direct the            183,873
                       disposition of

                 (iv)  shared power to dispose or to direct the          217,538
                       disposition of

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

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.

        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.

                                               Date: February 14, 2000


                                                     /s/ George B. Lemmon, Jr.
                                                     ---------------------------
                                                         George B. Lemmon, Jr.



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