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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 RULE 13d-1(b), (c)
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
PARAVANT INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.015 PER SHARE
(Title of Class of Securities)
699376 10 9
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-(c)
[X] 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. 699376 10 9 PAGE 2 0F 9
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<TABLE>
<S> <C> <C>
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1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
KRISHAN K. JOSHI
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2 Check the Appropriate Box if a Member of a Group (a): [X]
(See Instructions) (b): [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
USA
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5 Sole Voting Power
NUMBER OF
SHARES 539,462
BENEFICIALLY ----------------------------------------------------------------------
OWNED BY 6 Shared Voting Power
EACH
REPORTING 1,448,775
PERSON ----------------------------------------------------------------------
WITH 7 Sole Dispositive Power
539,462
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8 Shared Dispositive Power
1,448,775
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,988,237
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
16.2%
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12 Type of Reporting Person (See Instructions)
IN
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</TABLE>
Note: All of the information set forth in this Amendment No. 2 to
Schedule 13G is as of December 31, 1998.
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CUSIP NO. 699376 10 9 PAGE 3 0F 9
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<TABLE>
<S> <C> <C>
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1 Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
UES, Inc.
31-0797776
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2 Check the Appropriate Box if a Member of a Group (a): [X]
(See Instructions) (b): [ ]
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3 SEC Use Only
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4 Citizenship or Place of Organization
OHIO CORPORATION
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5 Sole Voting Power
NUMBER OF
SHARES -0-
BENEFICIALLY ----------------------------------------------------------------------
OWNED BY 6 Shared Voting Power
EACH
REPORTING 1,448,775
PERSON ----------------------------------------------------------------------
WITH 7 Sole Dispositive Power
-0-
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8 Shared Dispositive Power
1,448,775
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
1,448,775
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10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares: [ ]
(See Instructions)
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11 Percent of Class Represented by Amount in Row (9)
11.8%
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12 Type of Reporting Person (See Instructions)
CO
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</TABLE>
Note: All of the information set forth in this Amendment No. 2 to
Schedule 13G is as of December 31, 1998.
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CUSIP NO. 699376 10 9 PAGE 4 0F 9
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<TABLE>
<S> <C>
Item 1.
(a) Name of Issuer:
Paravant Inc.
(b) Address of Issuer's Principal Executive Offices:
1615A West Nasa Boulevard
Melbourne, FL 32901
Item 2.
(a) Name of Persons Filing:
(1) Krishan K. Joshi
(2) UES, Inc.
Mr. Joshi, by virtue of his ownership of 58% of the outstanding stock
of UES, Inc., may be deemed to control UES, Inc.
(b) Address of Principal Business Office or if None, Residence:
4402 Dayton-Xenia Road
Dayton, Ohio 45432
(c) Citizenship:
(1) Krishan K. Joshi - USA
(2) UES, Inc. - Ohio corporation
(d) Title of Class of Securities:
Common Stock
(e) Cusip Number:
699376 10 9
Item 3.
N/A
</TABLE>
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CUSIP NO. 699376 10 9 PAGE 5 0F 9
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<TABLE>
<S> <C>
Item 4. Ownership
(a) Amount Beneficially Owned:
1,988,237 shares (includes 489,462 shares of common stock owned
individually by Mr. Joshi, currently exercisable options to
purchase 50,000 shares of common stock granted to Mr. Joshi under
a stock option plan of the issuer, and 1,448,775 shares of common
stock owned by UES, Inc.).
(b) Percent of Class: 16.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Mr. Joshi has sole power to vote or to direct the vote with
respect to 539,462 shares.
(ii) Shared power to vote or to direct the vote:
Mr. Joshi and UES, Inc. share the power to vote or to direct
the vote with respect to 1,448,775 shares.
(iii) Sole power to dispose or to direct the
disposition of: Mr. Joshi has sole power to dispose or to
direct the disposition of 539,462 shares.
(iv) Shared power to dispose or to direct the
disposition of: Mr. Joshi and UES, Inc. share the power to
dispose or to direct the disposition of 1,448,775 shares.
Item 5. Ownership of Five Percent or Less of a Class
N/A
Item 6. Ownership of More than Five Percent on Behalf
of Another Person
N/A
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the
Parent Holding Company
N/A
Item 8. Identification and Classification of Members of the Group
Reference is made to the Joint Filing Agreement annexed hereto
executed by Krishan K. Joshi and UES, Inc., the members of the
group filing this Amendment to Schedule 13G.
</TABLE>
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CUSIP NO. 699376 10 9 PAGE 6 0F 9
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Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
N/A
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CUSIP NO. 699376 10 9 PAGE 7 0F 9
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: July 26, 1999
/s/ Krishan K. Joshi
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Krishan K. Joshi
UES, Inc.
By: /s/ John J. Gruenwald
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John J. Gruenwald
Vice President
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EXHIBITS
Exhibit A Joint Filing Statement
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EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the persons or entities named below agree to the joint filing
on behalf of each of them of a Schedule 13G. This Joint Filing Agreement shall
be included as an exhibit to such joint filing. In evidence thereof, each of the
undersigned, being duly authorized, hereby execute this Agreement this 26th day
of July, 1999.
/s/ Krishan K. Joshi
-----------------------------------
Krishan K. Joshi
UES, Inc.
By: /s/ John J. Gruenwald
--------------------------------
John J. Gruenwald
Vice President
