-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AjJIKV5eAYMEo1pb2ljyws4U1Cj4GAYQ0p0jdvAb3tSpMySSjFYi/DbiXEkF33Fk WgwREG1RmpMAqzscKfNJwA== 0000899243-98-000540.txt : 19980401 0000899243-98-000540.hdr.sgml : 19980401 ACCESSION NUMBER: 0000899243-98-000540 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980331 SROS: NASD GROUP MEMBERS: EDGE GROUP PARTNERSHIP GROUP MEMBERS: EDGE HOLDING COMPANY PARTNERSHIP GROUP MEMBERS: EDGE I LIMITED PARTNERSHIP GROUP MEMBERS: EDGE II LIMITED PARTNERSHIP GROUP MEMBERS: EDGE III LIMITED PARTNERSHIP GROUP MEMBERS: NAPAMCO, LTD./CT GROUP MEMBERS: NAPAMCO, LTD./NY GROUP MEMBERS: SFONDRINI JOHN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EDGE PETROLEUM CORP CENTRAL INDEX KEY: 0001021010 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 760511037 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-50653 FILM NUMBER: 98580966 BUSINESS ADDRESS: STREET 1: 1111 BAGBY CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7136548960 MAIL ADDRESS: STREET 1: 1111 BAGBY CITY: HOUSTON STATE: TX ZIP: 77002 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SFONDRINI JOHN CENTRAL INDEX KEY: 0001035493 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: PO BOX 1248 CITY: RIDGEFIELD STATE: CT ZIP: 06877 MAIL ADDRESS: STREET 1: TEXACO HERITAGE BLDG STREET 2: 1111 BAGBY CITY: HOUSTON STATE: TX ZIP: 77002 SC 13D/A 1 AMENDMENT #2 - JOHN SFONDRINI SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Amendment No. 2) Under the Securities Exchange Act of 1934* EDGE PETROLEUM CORPORATION ________________________________________________________________________________ (Name of Issuer) Common Stock, par value $.01 per share ________________________________________________________________________________ (Title of Class of Securities) 279862 10 6 ________________________________________________________________________________ (CUSIP Number) John Sfondrini 36 Catoonah Street, Unit #16 P.O. Box 1248 Ridgefield, Connecticut 06875 (203) 894-8244 ________________________________________________________________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 24, 1998 ________________________________________________________________________________ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. * The remainder of this cover page should 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 ("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). - ----------------------- CUSIP NO. 279862 10 6 - ----------------------- - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON John Sfondrini - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [x] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS 00 - ------------------------------------------------------------------------------ (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF 503,604 Shares SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY 129,087 Shares OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING 503,604 Shares PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH 129,087 Shares - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 632,691 SHARES - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.1% - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN -2- - ----------------------- CUSIP NO. 279862 10 6 - ----------------------- - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Napamco, Ltd. - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [x] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS 00 - ------------------------------------------------------------------------------ (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF -0- SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY 65,150 Shares OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING -0- PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH 65,150 Shares - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 65,150 Shares - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .8% - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO -3- - ----------------------- CUSIP NO. 279862 10 6 - ----------------------- - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Napamco, Ltd. - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [x] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS 00 - ------------------------------------------------------------------------------ (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF -0- SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY 63,937 Shares OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING -0- PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH 63,937 Shares - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 63,937 Shares - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .8% - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO -4- - ----------------------- CUSIP NO. 279862 10 6 - ----------------------- - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Edge Holding Company Partnership - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [x] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS 00 - ------------------------------------------------------------------------------ (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF -0- SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY 16,631 Shares OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING -0- PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH 16,631 Shares - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,631 Shares - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .2% - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN -5- - ----------------------- CUSIP NO. 279862 10 6 - ----------------------- - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Edge Group Partnership - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [x] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS 00 - ------------------------------------------------------------------------------ (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF -0- SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY 42,896 Shares OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING -0- PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH 42,896 Shares - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 42,896 Shares - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) .6% - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN -6- - ----------------------- CUSIP NO. 279862 10 6 - ----------------------- - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Edge I Limited Partnership - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [x] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS 00 - ------------------------------------------------------------------------------ (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF -0- SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING -0- PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN -7- - ----------------------- CUSIP NO. 279862 10 6 - ----------------------- - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Edge II Limited Partnership - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [x] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS 00 - ------------------------------------------------------------------------------ (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF -0- SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING -0- PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN -8- - ----------------------- CUSIP NO. 279862 10 6 - ----------------------- - ------------------------------------------------------------------------------ (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Edge III Limited Partnership - ------------------------------------------------------------------------------ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [x] - ------------------------------------------------------------------------------ (3) SEC USE ONLY - ------------------------------------------------------------------------------ (4) SOURCE OF FUNDS 00 - ------------------------------------------------------------------------------ (5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Connecticut - ------------------------------------------------------------------------------ (7) SOLE VOTING POWER NUMBER OF -0- SHARES ----------------------------------------------------------- (8) SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ----------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER REPORTING -0- PERSON ----------------------------------------------------------- (10) SHARED DISPOSITIVE POWER WITH -0- - ------------------------------------------------------------------------------ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- - ------------------------------------------------------------------------------ (12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ------------------------------------------------------------------------------ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0- - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN -9- AMENDMENT NO. 2 TO SCHEDULE 13D John Sfondrini ("Mr. Sfondrini"), Napamco, Ltd., a Connecticut corporation ("Connecticut Napamco"), Napamco, Ltd., a New York corporation ("New York Napamco" and together with Connecticut Napamco, "Napamco")), Edge Holding Company Partnership, a Connecticut limited partnership ("Edge Holding Company"), Edge Group Partnership, a Connecticut general partnership ("Edge Group"), Edge I Limited Partnership, a Connecticut limited partnership ("Edge I"), Edge II Limited Partnership, a Connecticut limited partnership ("Edge II"), and Edge III Limited Partnership, a Connecticut limited partnership ("Edge III" and collectively with Mr. Sfondrini, Connecticut Napamco, New York Napamco, Edge Holding Company, Edge Group, Edge I and Edge II, the "Sfondrini Parties"), hereby amends and supplements their statement on Schedule 13D as originally filed by the Sfondrini Parties on March 13, 1997, as amended by Amendment No. 1 filed by the Sfondrini Parties on August 25 1997 (as so amended, the "Original Statement"), with respect to the Common Stock, par value $.01 per share (the "Common Stock"), of Edge Petroleum Corporation, a Delaware corporation (the "Company"). Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Original Statement. ITEM 2. IDENTITY AND BACKGROUND Item 2 of the Original Statement is hereby amended and supplemented as follows: Effective March 24, 1998, Edge Holding Company effected a distribution of 842,222 of the 858,853 shares of Common Stock held by it (as more fully described in the Original Statement) to those persons holding interests in Edge Holding Company or on whose behalf Edge Holding Company was holding shares. Pursuant to the distribution by Edge Holding Company, Mr. Sfondrini and New York Napamco received 171,190 and 40,306 shares respectively, in respect -10- of certain management fees and after-payout interests. Following the foregoing distribution, Edge Holding Company holds 16,631 shares of Common Stock. A portion of the shares distributed to Mr. Sfondrini are subject to the pre- existing rights of certain other persons to receive a portion of such shares, as more specifically described in Item 4 of the Original Statement and Exhibit E thereto. Such transfers will occur in the future. Mr. Sfondrini may be deemed to be the beneficial owner of the shares subject to such arrangement, but disclaims such beneficial ownership. ITEM 4. PURPOSE OF TRANSACTION Item 4 of the Original Statement is hereby amended and supplemented as follows: The Original Statement had provided that Edge Holding Company had received 858,853 shares of Common Stock. As set forth above in Item 2, Edge Holding Company now holds 16,631 shares of Common Stock. Mr. Sfondrini continues to be the sole director and the sole executive officer of each of New Napamco and Connecticut Napamco and continues to be deemed to be the beneficial owner of all shares held by each such company. Effective March 3, 1997, New York Napamco and Connecticut Napamco paid Mr. Sfondrini compensation in the form of 3,000 and 48,500 shares of Common Stock, respectively. Following such action, New York Napamco and Connecticut Napamco held directly 7,000 and 22,254 shares of Common Stock, respectively. Effective December 31, 1997, Mr. Sfondrini made gifts of 2,499 shares of Common Stock, in the aggregate, to three children, which shares are held in Uniform Gift to Minor Accounts (the "UGMA Accounts"), of which Mr. Sfondrini serves as custodian. Also effective December 31, 1997, Mr. Sfondrini made a gift of 2,599 shares of Common Stock, in the aggregate to his spouse, who in turn, made gifts of 2,499 shares, in the aggregate, to the same three children pursuant to the UGMA Accounts. On January 30, 1998, Mr. Sfondrini's spouse made a gift of 100 shares of Common Stock to Mr. Sfondrini. Following these various gifts, 4,998 shares of Common Stock -11- were held in the UGMA Accounts and Mr. Sfondrini's spouse held no shares of Common Stock. Mr. Sfondrini may be deemed to be the beneficial owner of the 4,998 shares of Common Stock held in the UGMA Accounts, but disclaims such beneficial ownership. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 of the Original Statement is hereby amended and supplemented as follows: As of March 30, 1998, Mr. Sfondrini and the other members of the Sfondrini Group, in the aggregate, may be deemed to beneficially own an aggregate of 632,691 shares of Common Stock (approximately 8.1% of the 7,760,867 shares outstanding, determined by reference to the number of shares of Common Stock of the Company reported outstanding in its most recently filed Quarterly Report on Form 10-Q). Mr. Sfondrini disclaims beneficial ownership of the 4,998 shares held in the UGMA Accounts, that are included in such deemed beneficial ownership. Such beneficial ownership also includes 2,667 shares underlying stock options (as described below). Mr. Sfondrini, Connecticut Napamco and New York Napamco each disclaim beneficial ownership of the shares of Common Stock held by Edge Holding Company and Edge Group, and nothing herein shall be deemed an admission that a group exists. As described in the Original Statement, the Company on March 3, 1997 granted options for 8,000 shares of Common Stock to Mr. Sfondrini pursuant to the Company's Incentive Plan. Such options are exercisable in cumulative annual increments of one-third of the total number of shares of Common Stock subject thereto, beginning on the first anniversary of the date of grant, at a purchase price of $16.50 per share and expire ten years from the date of their issuance. Mr. Sfondrini will be deemed to be the beneficial owner of such shares 60 days prior to the exercisability of the options related to such shares. As of March 3, 1998, Mr. Sfondrini may be deemed to be the beneficial owner of 2,667 of such shares. -12- ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Item 6 of the Original Statement is hereby amended and supplemented as follows: Subsequent to February 26, 1997, Mr. Sfondrini made additional shares of his, New York Napamco and Connecticut Napamco available for pledge pursuant to the Loan Document, to secure additional borrowings. As of March 30, 1998, a total of 330,249 shares owned by Mr. Sfondrini, New York Napamco or Connecticut Napamco are pledged pursuant to the Loan Document. An additional 23,754 shares owned by Mr. Sfondrini, New York Napamco or Connecticut Napamco are pledged to secure other indebtedness of an affiliate of Mr. Sfondrini to Compass Bank. After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: March 30, 1998 /s/ John Sfondrini ------------------------------------------------ John Sfondrini NAPAMCO, LTD., a Connecticut corporation By: /s/ John Sfondrini -------------------------------------------- John Sfondrini President -13- NAPAMCO, LTD., a New York corporation By: /s/ John Sfondrini --------------------------------------------- John Sfondrini President EDGE HOLDING COMPANY PARTNERSHIP By:/s/ John Sfondrini ---------------------------------------------- John Sfondrini General Partner EDGE GROUP PARTNERSHIP By: Edge I Limited Partnership, Edge II Limited Partnership and Edge III Limited Partnership General Partners By: /s/ John Sfondrini ---------------------------------------- John Sfondrini General Partner EDGE I LIMITED PARTNERSHIP By: /s/ John Sfondrini ---------------------------------------------- John Sfondrini General Partner EDGE II LIMITED PARTNERSHIP By: /s/ John Sfondrini --------------------------------------------- John Sfondrini General Partner -14- EDGE III LIMITED PARTNERSHIP By: /s/ John Sfondrini --------------------------------------------- John Sfondrini General Partner -15- -----END PRIVACY-ENHANCED MESSAGE-----