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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___________)*
PHOTOELECTRON CORPORATION
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(Name of Issuer)
COMMON SHARES
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(Title of Class of Securities)
719320103
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(CUSIP Number)
11/20/00
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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. 719320103
1. Names of Reporting Persons.
Generic Trading of Philadelphia, LLC
I.R.S. Identification Nos. of above persons (entities only)
IRS #133963802
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2. Check the Appropriate Box if a Member of a Group
(See Instructions)
(a) -----------------------------------------------------------
(b) -----------------------------------------------------------
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3. SEC Use Only
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4. Citizenship or Place of Organization Delaware
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Number of 5. Sole Voting Power 425,100
Shares ----------------------------------------------------------
Beneficially 6. Shared Voting Power 0
Owned by ----------------------------------------------------------
Each 7. Sole Dispositive Power 0
Reporting ----------------------------------------------------------
Person With 8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
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10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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11. Percent of Class Represented by Amount in Row (11)
12. Type of Reporting Person (See Instructions)
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BD
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Item 1.
(a) Name of Issuer
Photoelectron Corporation
(b) Address of Issuer's Principal Executive Offices
5 Forbes Road, Lexington, MA 02421
Item 2.
(a) Name of Person Filing
Generic Trading of Philadelphia, LLC
(b) Address of Principal Business Office or, if none, Residence
1270 Ave. of Americas, 12th Floor, NY, NY 10020
(c) Citizenship
Delaware Corporation
(d) Title of Class of Securities
Common
(e) CUSIP Number 719320103
Item 3. If this statement is filed pursuant to 'SS''SS'240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [X] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance
with 'SS'.240.13d-1(b)(1) (ii)(E);
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(f) [ ] An employee benefit plan or endowment fund in accordance
with 'SS' 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with 'SS' 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with 'SS' 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 425,100.
(b) Percent of class: 5.01%.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 425,100.
(ii) Shared power to vote or to direct the vote 0
-----.
(iii) Sole power to dispose or to direct the disposition of
0
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(iv) Shared power to dispose or to direct the
disposition of 0
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Instruction. For computations regarding securities which represent a right to
acquire an underlying security see 'SS' 240.13d3(d)(1).
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
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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
Not Applicable
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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.
1/11/2001
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Date
Ron Shear
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Signature
Ron Shear/President
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Name/Title
STATEMENT OF DIFFERENCES
The section symbol shall be expressed as.................................'SS'
