SC 13D: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities
Published on October 10, 1997
Page 1 of 5 pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
SUNSOURCE INC.
- --------------------------------------------------------------------------------
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
867948101
- --------------------------------------------------------------------------------
(CUSIP Number)
Norman V. Edmonson
3000 One Logan Square
Philadelphia, PA 19103
215-282-1290
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 1, 1997
- --------------------------------------------------------------------------------
(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 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 ("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 2 of 5 pages
_______________________________________________________________________________
CUSIP No. 867948101 SCHEDULE 13D
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Norman V. Edmonson
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
00
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OR ORGANIZATION
U.S.
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 440,729
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | -0-
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 440,729
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
440,729
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
Page 3 of 5 pages
CUSIP No. 867948101 SCHEDULE 13D
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Norved Corp.
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
00
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 438,454
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | | -0-
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 438,454
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
438,454
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.8%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
CO
______________________________________________________________________________
Page 4 of 5 pages
Item 1. Security and Issuer.
Common Stock, par value $0.01 per share, of SunSource Inc., 3000 One
Logan Square, Philadelphia, PA 19103.
Item 2. Identity and Background.
(a) This statement is filed by Norman V. Edmonson ("Edmonson") and
Norved Corp. ("Norved"), a Delaware corporation. Edmonson is
President, director and controlling stockholder of Norved.
(b) The business address of Edmonson is 3000 One Logan Square,
Philadelphia, PA 19103.
The business address of Norved is 501 Silverside Road, Suite 17,
Wilmington, DE 19809.
(c) Edmonson is Executive Vice President, SunSource Inc., 3000 One
Logan Square, Philadelphia, PA 19103. The principal business of
Norved is investments.
(d) During the last five years, neither Edmonson nor Norved has been
convicted in a criminal proceeding.
(e) During the last five years, neither Edmonson nor Norved has been
a party to a civil proceeding the result of which was or is to
enjoin future violations of, or prohibit or mandate activities
subject to, federal or state securities laws or a civil
proceeding finding any violation with respect to such laws.
(f) Edmonson is a United States citizen. Norved is a Delaware
corporation.
Item 3. Source and Amount of Funds or Other Consideration.
The consideration used by Edmonson in acquiring the shares of Common
Stock of SunSource Inc. was 9,100 Class B limited partnership interests of
SunSource L.P. The consideration used by Norved was 1,291,816 Class B limited
partnership interests of SunSource L.P. and a 25% limited partnership interest
in SDI Partners I, L.P.
Item 4. Purpose of Transaction.
Securities of the Issuer beneficially owned by the Reporting Persons as
set forth herein were received upon the conversion of SunSource L.P. to
corporate form. The Reporting Persons do not at this time have any
plans or proposals with respect to the issuer as described in Item
4(a)-(j) of Schedule 13D. Subject to availability, price and applicable
laws and regulations, the Reporting Persons may purchase additional
shares of Common Stock of the Issuer or may sell or otherwise dispose
of any or all of such securities now owned or hereafter acquired on
such terms and at such prices as he or it may from time to time
determine.
Item 5. Interest in Securities of the Issuer.
(a) As of October 1, 1997, Edmonson beneficially owned 440,729 shares
of Common Stock, constituting approximately 6.9% of the
outstanding shares of Common Stock and Norved beneficially owned
438,454 shares of Common Stock, constituting approximately 6.8%
of the outstanding shares of Common Stock.
(b) The Reporting Persons have sole power to vote or to direct the
vote, and the sole power to dispose or to direct the disposition
of, the Common Stock beneficially owned by him or it and
described herein.
(c) The Reporting Persons acquired the shares of Common Stock
described in Item 5(a) on October 1, 1997 pursuant to the
transaction described in Item 4.
(d) Not applicable.
(e) Not applicable.
Page 5 of 5 pages
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None.
Item 7. Material to Be Filed as Exhibits.
None.
SIGNATURE
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: October 6, 1997 /s/ Norman V. Edmonson
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Norman V. Edmonson
NORVED CORP.
By: /s/ Norman V. Edmonson
------------------------------
Norman V. Edmonson
President