-----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, Czuj1GZPsEVu+42XufkGI0uN+D8YdZC3iCy2jfOJFRG8AFV82+Q16JpXcYZtvrxq QJcyWxvym0BF3KGh7MvsGA== 0000728182-97-000023.txt : 19971231 0000728182-97-000023.hdr.sgml : 19971231 ACCESSION NUMBER: 0000728182-97-000023 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971230 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ACRODYNE COMMUNICATIONS INC CENTRAL INDEX KEY: 0000883296 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 113067564 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-46175 FILM NUMBER: 97746971 BUSINESS ADDRESS: STREET 1: 516 TOWNSHIP LINE RD CITY: BLUE BELL STATE: PA ZIP: 19422 BUSINESS PHONE: 2155427000 MAIL ADDRESS: STREET 1: 516 TOWNSHIP LINE RD CITY: BLUE BELL STATE: PA ZIP: 19422 FORMER COMPANY: FORMER CONFORMED NAME: ACRODYNE HOLDINGS INC DATE OF NAME CHANGE: 19941017 FORMER COMPANY: FORMER CONFORMED NAME: DECISION CAPITAL CORP DATE OF NAME CHANGE: 19940819 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WITTER WILLIAM D INC /ADV CENTRAL INDEX KEY: 0000728182 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 132879276 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 153 E 53RD ST STREET 2: 51ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022-4611 BUSINESS PHONE: 2127537878 MAIL ADDRESS: STREET 1: 153 EAST 53RD ST STREET 2: 51ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: WITTER WILLIAM D INC /ADV DATE OF NAME CHANGE: 19970326 SC 13G/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* Acrodyne Communications, Inc. ____________________ (Name of Issuer) Common Stock, $.01 Par Value __________________________ (Title of Class of Securities) 00500E10 ______________ (CUSIP Number) Check the following box if a fee is being paid with this statement [ ]. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *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 the cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Secur- ities 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). (Continued on following page(s)) Page 1 of 11 Pages CUSIP No. 00500E10 13G Page 2 of 11 (1) NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William D. Witter, Inc. F13-2879276 _____________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] _____________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION One Citicorp Center 153 East 53rd Street New York, New York 10022-4611 NUMBER OF (5) SOLE VOTING POWER 97,388 SHARES ------------------------------------------------ BENEFICIALLY (6) SHARED VOTING POWER 9,000 OWNED BY ------------------------------------------ EACH (7) SOLE DISPOSITIVE POWER 150,888 REPORTING ------------------------------------------------ PERSON WITH (8) SHARED DISPOSITIVE POWER None _____________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,888 _____________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* _____________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.4% _____________________________________________________________________ (12) TYPE OF REPORTING PERSON I.A. CUSIP No. 00500E10 13G Page 3 of 11 (1) NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William D. Witter ###-##-#### _____________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] _____________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION One Citicorp Center 153 East 53rd Street New York, New York 10022-4611 _____________________________________________________________________ NUMBER OF (5) SOLE VOTING POWER 97,388 SHARES ----------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER 9,000 OWNED BY ----------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER 150,888 REPORTING ----------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER None _____________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,888 _____________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* _____________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.4% _____________________________________________________________________ (12) TYPE OF REPORTING PERSON IN CUSIP No. 00500E10 13G Page 4 of 11 (1) NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Penfield Partners, L.P. ("The Fund") F13-3494422 _____________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] _____________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _____________________________________________________________________ NUMBER OF (5) SOLE VOTING POWER None SHARES ----------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER None OWNED BY ----------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER None REPORTING ----------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER None _____________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None _____________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES _____________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% _____________________________________________________________________ (12) TYPE OF REPORTING PERSON IV CUSIP No. 00500E10 13G Page 5 of 11 (1) NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Pine Creek Advisers, L.P. ("Pine Creek") F13-3749534 _____________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] _____________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________ (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF (5) SOLE VOTING POWER None SHARES ----------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER None OWNED BY ----------------------------------------------------- EACH (7) SOLE DISPOSITIVE POWER None REPORTING ----------------------------------------------------- PERSON WITH (8) SHARED DISPOSITIVE POWER None _____________________________________________________________________ (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None _____________________________________________________________________ (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES _____________________________________________________________________ (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0% _____________________________________________________________________ (12) TYPE OF REPORTING PERSON I.A. Page 6 of 11 Item 1. [a] Name of Issuer: Acrodyne Communications, Inc. [b] Address of Issuer's Principal Executive Offices: 516 Township Line Road Blue Bell, Pennsylvania 19422 Item 2. [a] Name of Person Filing; Address of Principal Business Office; and Place of Organization: This statement is filed on behalf of (i) William D. Witter, Inc. ("Witter, Inc."), (ii) William D. Witter, (iii) Penfield Partners, L.P., a Delaware limited partnership (the "Fund"), and (iv) Pine Creek Advisers Limited Partnership, a Delaware Limited Partnership ("Pine Creek"). Each of the foregoing is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." The principal office and business address of the Reporting Persons is 153 East 53rd Street, 51st Floor, New York, New York 10022. The business of the Fund is to acquire, purchase, invest in, sell, convey, transfer, exchange and otherwise trade in principally equity and equity related securities. Pine Creek is a general partner of and investment adviser to the Fund. Pine Creek is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. The principal business of Pine Creek is to act as a general partner of and investment adviser to the Fund. Witter, Inc. is the sole General Partner of Pine Creek. Witter, Inc. is a New York corporation registered as an investment adviser under the Advisers Act of 1940 and also serves as the investment adviser to institutional and individual clients. William D. Witter is the President and 98.6% shareholder of Witter, Inc. Mr. Witter is also an Individual General Partner of the Fund and is principally respon- sible for the selection, acquisition and disposition of the portfolio securities by Witter, Inc. on behalf of Pine Creek and the Fund. Page 7 of 11 [b] Title of Class of Securities: Common Stock [c] CUSIP Number: 00500E10 Item 3. This Schedule is being filed pursuant to Rule 13d-1(b): [a] ( ) Broker or Dealer registered under Section 15 of the Act [b] ( ) Bank as defined in Section 3(a)(6) of the Act [c] ( ) Insurance Company as defined in Section 3(a)(19) of the Act [d] (XX) Investment Company registered under Section 8 of the Investment Company Act [e] (XX) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 [f] ( ) Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see $240 13d-1(b)(1)(ii)(F) [g] ( ) Parent Holding Company, in accordance with $ 240 13d-1(b)(ii)(G) [h] ( ) Group, in accordance with $ 240 13d-1(b)(1)(ii)(H) See Exhibit A attached hereto. Item 4. Ownership: [a] Amount Beneficially Owned: 150,888 shares of Common Stock are beneficially owned by Witter, Inc. and William D. Witter. This amount is composed of 0 shares owned by the Fund and 150,888 shares owned by William D. Witter, Inc. Page 8 of 11 [ b] Percent of Class: 3.4% of the Common Stock is beneficially owned by Witter, Inc. and William D. Witter. 0% of the Common Stock is owned by the Fund and Pine Creek. [c] Number of Shares as to Which such Person has Rights to vote and/or Dispose of Securities: William D. Witter, Inc. has the sole power to vote or direct the vote of 97,388 shares and shared power to vote or direct the vote of 9,000 shares. William D. Witter has the sole power to vote or to direct the vote of 97,388 shares and shared power to vote or direct the vote of 9,000 shares by virtue of being the President and primary owner of Witter, Inc. William D. Witter has shared power to vote or to direct the vote of 0 shares by virtue of being an Individual General Partner of the Fund. The Fund has the sole power to vote or to di- rect the vote and to dispose or to direct the disposition of all securities reported hereby which are beneficially owned by the Fund (0). Witter, Inc., William D. Witter and Pine Creek have the sole power to dispose or to direct the disposition of all securities reported hereby which are beneficially owned respectively by Witter, Inc., William D. Witter and Pine Creek. 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: The 150,888 shares owned directly by Witter, Inc. are held on behalf of various clients of the firm. These clients have the right to receive or power to direct the receipt of dividends from, or the proceeds, from the sale of, such securities. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: See Exhibit A attached hereto. Page 9 of 11 Item 8. Identification and Classification of Members of a Group: N/A Item 9. Notice of Dissolution of Group: N/A Item 10.Certification: Each of the undersigned certifies that, to the best of his knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were 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. Page 10 of 11 SIGNATURE After reasonable inquiry and to the best of his knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: December 30, 1997 ________________ WILLIAM D. WITTER, INC. By:/s/ William D. Witter William D. Witter President PENFIELD PARTNERS, L.P. By:/s/ William D. Witter William D. Witter Individual General Partner PINE CREEK ADVISERS LIMITED PARTNERSHIP By:/s/ William D. Witter William D. Witter General Partner Page 11 of 11 EXHIBIT A This Exhibit explains the relationship between the Reporting Persons. William D. Witter, Inc. is a New York corporation registered as an investment adviser under the Advisers Act, and the Sole General Partner of Pine Creek Advisers Limited Partnership. Witter, Inc. serves as an investment adviser for individuals and institutions. William D. Witter is the President of William D. Witter, Inc. and serves as an Individual General Partner to the Fund. Pine Creek is registered as an investment adviser under the Advisers Act of 1940. Witter, Inc. is the Sole General Partner and Jeffrey E. Schuss is the Sole Limited Partner of Pine Creek. -----END PRIVACY-ENHANCED MESSAGE-----