-----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, R8R/6+6ViiQVtJ3MCS341/PWQr+08iaBt7EAzadF8BghXl8fP8KJ+w/dZXqdQJHT H4fzEkoUwvIAfhkoxm3BNQ== 0000950135-98-001054.txt : 19980218 0000950135-98-001054.hdr.sgml : 19980218 ACCESSION NUMBER: 0000950135-98-001054 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IPL SYSTEMS INC CENTRAL INDEX KEY: 0000351810 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 042511897 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-34139 FILM NUMBER: 98541760 BUSINESS ADDRESS: STREET 1: 124 ACTON ST CITY: MAYNARD STATE: MA ZIP: 01754 BUSINESS PHONE: 5084611000 MAIL ADDRESS: STREET 1: 124 ACTON STREET STREET 2: 124 ACTON STREET CITY: MAYNARD STATE: MA ZIP: 01754 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: IPPOLITO STEPHEN J CENTRAL INDEX KEY: 0000939450 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O IPL SYSTEMS INC STREET 2: 124 ASTON ST CITY: MAYNARD STATE: MA ZIP: 01754 BUSINESS PHONE: 5084611000 MAIL ADDRESS: STREET 1: 124 ACTON ST STREET 2: C/O IPL SYSTEMS INC CITY: MAYNARD STATE: MA ZIP: 01754 SC 13G/A 1 AMENDMENT NO. 3 TO SCHEDULE 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) (AMENDMENT NO. 3)* IPL SYSTEMS, INC. (Name of Issuer) CLASS A COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securities) 449813 10 4 (CUSIP Number) - -------------------- * 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 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). 2 SCHEDULE 13G - --------------------------------- ------------------------------ CUSIP NO. 449813 10 4 PAGE 2 OF 5 PAGES - --------------------------------- ------------------------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Stephen J. Ippolito - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] Not applicable (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 888,412 BENEFICIALLY ------------------------------------------------------ OWNED BY 6 SHARED VOTING POWER EACH REPORTING 0 PERSON ------------------------------------------------------ WITH 7 SOLE DISPOSITIVE POWER 888,412 ------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 888,412 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.7% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 SCHEDULE 13G - --------------------------------- ------------------------------ CUSIP NO. 449813 10 4 PAGE 3 OF 5 PAGES - --------------------------------- ------------------------------ ITEM 1(a). NAME OF ISSUER: IPL Systems, Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 124 Acton Street, Maynard, MA 01754 ITEM 2(a). NAME OF PERSON FILING: Stephen J. Ippolito ITEM 2(b). ADDRESS OF PRINCIPAL OFFICES OR, IF NONE, RESIDENCE: c/o IPL Systems, Inc. 124 Acton Street, Maynard, MA 01754 ITEM 2(c). CITIZENSHIP: United States of America ITEM 2(d). TITLE OF CLASS OF SECURITIES: Class A Common Stock, $0.01 par value ITEM 2(e). CUSIP NUMBER: 449813 10 4 ITEM 3. IF THE STATEMENT IS BEING FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A: Not applicable. ITEM 4. OWNERSHIP. (a) Amount beneficially owned: As of December 31, 1997, Mr. Ippolito beneficially owned 888,412 shares of IPL Class A Common Stock, which includes 35,000 shares that may be acquired upon the subsequent exercise of options currently held by him. The 853,412 remaining shares were acquired by Mr. Ippolito before IPL was registered under the Securities Exchange Act of 1934. (b) Percent of class: 3.7% 4 SCHEDULE 13G - --------------------------------- ------------------------------ CUSIP NO. 449813 10 4 PAGE 4 OF 5 PAGES - --------------------------------- ------------------------------ (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 888,412 (ii) Shared power to vote or direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 888,412 (iv) Shared power to dispose or to direct the disposition of: 0 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X] 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. Not applicable. 5 SCHEDULE 13G - --------------------------------- ------------------------------ CUSIP NO. 449813 10 4 PAGE 5 OF 5 PAGES - --------------------------------- ------------------------------ 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. Dated: February 12, 1998 /s/ Stephen J. Ippolito ------------------------- Stephen J. Ippolito -----END PRIVACY-ENHANCED MESSAGE-----