SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
3
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Kendall Square Research Corp.
(Name of Issuer)
Common Stock $0.01 Par Value
(Title of Class of Securities)
488789 10 8
(CUSIP Number)
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Troster Singer Division of Spear, Leeds & Kellogg
13-5515160
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION: New York
5. SOLE VOTING POWER: 1,252,885
6. SHARED VOTING POWER
7. SOLE DISPOSITIVE POWER: 1,252,885
8. SHARED DISPOSITIVE POWER
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,252,885
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 8.7%
12. TYPE OF REPORTING PERSON: BD
Item 1.
Item 1(a): Name of Issuer: Kendall Square Research Corp.
Item 1(b): Address of Issuer's Principal Executive Offices:
170 Tracer Lane
Waltham, MA 02154-1379
Item 2.
Item 2(a): Name of Person Filing:
Troster Singer-Division of Spear, Leeds & Kellogg
Item 2(b): Address of Principal Business Office:
10 Exchange Place
Jersey City, NJ 07302
Item 2(c): Citizenship:
Limited Partnership organized under the laws of
the State of New York
Item 2(d): Title of Class of Securities: Common Stock $0.01
Par Value
Item 2(e): CUSIP Number: 488789 10 8
Item 3.If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) Broker or dealer registered under Section 15 of the
Act,
Item 4. Ownership:
(a) Amount Beneficially Owned: 1,252,885
(b) Percent of Class: 8.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
1,252,885
(ii) Shared power to vote or direct the vote:
0
(iii) Sole power to dispose or direct the
disposition of: 1,252,885
(iv) Shared power to dispose or to direct the
disposition of:.0
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 acquired in the ordinary course of business and
were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the
issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purpose or effect.
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.
Date
TROSTER SINGER-DIVISION OF
SPEAR, LEEDS & KELLOGG
Signature
Name/Title
