UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
ALYN CORPORATION
(Name of Issuer)
Common Stock, par value $.001
(Title of Class of Securities)
022611-10-7
(CUSIP Number)
Richard Little
Alyn Corporation
16761 Hale Avenue
Irvine, CA 92606
(949) 475-1525
with a copy to:
Gerald A. Eppner, Esq.
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY 10038
(212) 504-6000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 28, 1998
(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)
*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
disclosures provided in a prior cover page.
The information required on 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 (the "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).
<PAGE>
CUSIP No. 022611-10-7
- ---------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
EDELSON TECHNOLOGY PARTNERS III--I.R.S. IDENTIFICATION NO. 22-3256000
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a) |_| (b) |_|
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------- -------- -------------------------------------------------
5 SOLE VOTING POWER
602,000
NUMBER OF
SHARE -------- -------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
PERSON -------- -------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
602,000
-------- -------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
602,000
- -------- -----------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- -------- -----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.19%
- -------- -----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
<PAGE>
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
HARRY EDELSON--I.R.S. IDENTIFICATION NO. ____
- ------ -------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a) |_| (b) |_|
- ------ -------------------------------------------------------------------------
3 SEC USE ONLY
- ------ -------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------- -------- -------------------------------------------------
5 SOLE VOTING POWER
25,000
NUMBER OF
SHARE -------- -------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 602,000
PERSON -------- -------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
25,000
-------- -------------------------------------------------
8 SHARED DISPOSITIVE POWER
602,000
- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
627,000
- -------- -----------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) |X|.
Disclaims beneficial ownership with respect to 602,000 shares owned by
Edelson Technology Partners III
- ------- ------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.40%
- -------- -----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
IN
<PAGE>
Item 1(a). Name of Issuer.
Alyn Corporation
Item 1(b). Address of Issuer's Principal Executive Offices.
16761 Hale Avenue
Irvine, CA 92606
Item 2(a). Names of Persons Filing.
(1) Edelson Technology Partners III
(2) Harry Edelson
Item 2(b). Address of Principal Business Office or, if none, Residence.
(1) and (2)
300 Tice Boulevard
Woodcliff, NJ 07675
Item 2(c). Citizenship.
(1) Delaware
(2) United States of America
Item 2(d). Title of Class of Securities.
Common Stock, par value $.001
Item 2(e). CUSIP Number.
022611-10-7
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) |_| Broker or dealer registered under section 15 of the Act (15 U.S.C.
78o).
(b) |_| Bank as defined in section 39a)(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).
(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 association 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).
If this statement is filed pursuant to ss.240.13d-1(c), check this box |X|.
Item 4. Ownership.
<TABLE>
<CAPTION>
<S> <C> <C>
(1) (a) Amount beneficially owned: 602,000 shares
(b) Percent of class: 5.19%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 602,000
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 602,000
(iv) Shared power to dispose or to direct the disposition of: 0
(2) (a) Amount beneficially owned: 627,000 shares
(b) Percent of class: 5.40%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 25,000
(ii) Shared power to vote or to direct the vote: 602,000
(iii) Sole power to dispose or to direct the disposition of: 25,000
(iv) Shared power to dispose or to direct the disposition of: 602,000
</TABLE>
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Inapplicable.
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of Group.
Inapplicable.
<PAGE>
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: September 8, 1998
EDELSON TECHNOLOGY PARTNERS III
By: /s/ Harry Edelson
-----------------
Harry Edelson
General Partner
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
<PAGE>
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: September 8, 1998
/s/ Harry Edelson
-----------------
Harry Edelson
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).
