Edison Venture Fund II LP, et al. – ‘SC 13D’ on 1/9/97 re: Special Diversified Opportunities Inc.

As of:  Thursday, 1/9/97   ·   Accession #:  912057-97-548   ·   File #:  5-47761

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General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              9     33K 
 2: EX-2        EX-2 (2 Pages Letters)                                 2     10K 
 3: EX-3        EX-3 (16 Pages Registration Rights Agreement)         16     53K 
 4: EX-4        EX-4 (56 Pgs Warrants to Purchase Common Stock)       56    133K 
 5: EX-5        EX-5 (56 Pages Common Stock Warrants)                 56    133K 
 6: EX-6        Ex 6 (21 Pages Certificate of Incorporation)          21     75K 

SC 13D   —   General Statement of Beneficial Ownership
Document Table of Contents

SC 13D
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     UNITED STATES
      SECURITIES AND EXCHANGE COMMISSION
      Washington, D.C. 20549

      SCHEDULE 13D

     Under the Securities Exchange Act of 1934

      Strategic Diagnostics Inc.
----------------------------------------------------------------------------
    (Name of Issuer)

      Common Stock, par value $.01 per share
----------------------------------------------------------------------------
      (Title of Class of Securities)

     862700101
----------------------------------------------------------------------------
      (CUSIP Number)

     Richard J. Defieux, Edison Venture Fund
     997 Lenox Drive, #3
      Lawrenceville, NJ  08648
      (609) 896-1900

 -----------------------------------------------------------------------------
      (Name, Address and Telephone Number of Person Authorized
        to Receive Notices and Communications)

     December 30, 1996
 -----------------------------------------------------------------------------
 (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 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).                                                                         

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SCHEDULE 13D      
-----------------------                      -------------------------------- 
CUSIP NO. 862700101                          PAGE   2                     
-----------------------                      -------------------------------- 

----------------------------------------------------------------------------- 
1    NAME OF REPORTING PERSON                                               
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                 

Edison Venture Fund II, L.P.                                      
22-3069982                                                        
----------------------------------------------------------------------------- 
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*          (a) /  /    

                                                            (b) /  /
----------------------------------------------------------------------------- 
3    SEC USE ONLY                                                           

----------------------------------------------------------------------------- 
4    SOURCE OF FUNDS*  OO                                                   

----------------------------------------------------------------------------- 
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                /  /    
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                           

----------------------------------------------------------------------------- 
6    CITIZENSHIP OR PLACE OF ORGANIZATION                                   

Delaware                                                          
----------------------------------------------------------------------------- 
7   SOLE VOTING POWER                         

NUMBER OF         1,087,954                                               
  SHARES      --------------------------------------------------------------
BENEFICIALLY   8   SHARED VOTING POWER                                      
OWNED BY                                                                
EACH            N/A                                                   
 REPORTING    --------------------------------------------------------------
PERSON       9   SOLE DISPOSITIVE POWER                                 
WITH                                                                  
1,087,954                             
              --------------------------------------------------------------
10   SHARED DISPOSITIVE POWER                   

N/A                                 
----------------------------------------------------------------------------- 
11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           

1,087,954                                                       
----------------------------------------------------------------------------- 
12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)                 /  /     
EXCLUDES CERTAIN SHARES*                                        

----------------------------------------------------------------------------- 
13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                     

7.6%                                                            
----------------------------------------------------------------------------- 
14     TYPE OF REPORTING PERSON*                                              
PN                                                              
----------------------------------------------------------------------------- 

      SEE INSTRUCTIONS BEFORE FILLING OUT!

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SCHEDULE 13D  
-----------------------                      -------------------------------- 
CUSIP NO.  862700101                         PAGE   3                     
-----------------------                      -------------------------------- 
----------------------------------------------------------------------------- 
1    NAME OF REPORTING PERSON                                               
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                 

Edison Venture Fund II-PA, L.P.                                   
22-3082055                                                        
----------------------------------------------------------------------------- 
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*          (a)  /  /   

                                                             (b)  /  /
----------------------------------------------------------------------------- 
3    SEC USE ONLY                                                           

----------------------------------------------------------------------------- 
4    SOURCE OF FUNDS*  NA                                                   

----------------------------------------------------------------------------- 
5    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS                 /  /   
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                           

----------------------------------------------------------------------------- 
6    CITIZENSHIP OR PLACE OF ORGANIZATION                                   

Pennsylvania                                                      
----------------------------------------------------------------------------- 
7   SOLE VOTING POWER                         

NUMBER OF         209,222                                                 
  SHARES     ---------------------------------------------------------------
BENEFICIALLY   8   SHARED VOTING POWER                                      
OWNED BY                                                                
EACH            N/A                                                   
 REPORTING   ---------------------------------------------------------------
PERSON       9   SOLE DISPOSITIVE POWER                                 
WITH                                                                  
209,222                               
              --------------------------------------------------------------
10   SHARED DISPOSITIVE POWER                   

N/A                                   
----------------------------------------------------------------------------- 
11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           

209,222                                                         
----------------------------------------------------------------------------- 
12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)                 /  /     
EXCLUDES CERTAIN SHARES*                                        

----------------------------------------------------------------------------- 
13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                     

1.5%                                                            
----------------------------------------------------------------------------- 
14     TYPE OF REPORTING PERSON*                                              
PN                                                              
----------------------------------------------------------------------------- 

      SEE INSTRUCTIONS BEFORE FILLING OUT!

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ITEM 1.       SECURITY AND ISSUER.                                              

           This statement relates to the shares of Common Stock, par value
        $.01 per share (the "Common Stock") of Strategic Diagnostics
       Inc., a Delaware corporation (the "Issuer").  The principal
           executive offices of the Issuer are located at 128 Sandy Drive,
Newark, Delaware 19713.                             

ITEM 2.       IDENTITY AND BACKGROUND.                                          

        Edison Venture Fund II, L.P., a Delaware limited partnership
             ("Edison II") and Edison Venture Fund II-PA, L.P., a Pennsylvania
         limited partnership ("Edison II-PA") are engaged primarily in
            making private placement investments in securities of companies.
           Set forth below is the name and address of each general partner
(the "General Partners") of Edison Partners II, L.P.
            ("Edison Partners II"), the general partner of each of Edison II
and Edison II-PA:                                   

John H. Martinson               
Edison Venture Fund             
997 Lenox Drive, #3             
Lawrenceville, NJ  08648        

Richard J. Defieux              
Edison Venture Fund             
997 Lenox Drive, #3             
Lawrenceville, NJ  08648        

Gustav H. Koven, III            
Edison Venture Fund             
997 Lenox Drive, #3             
Lawrenceville, NJ  08648        

Thomas A. Smith                 
Edison Venture Fund             
997 Lenox Drive, #3             
Lawrenceville, NJ  08648        

          None of Edison II, Edison II-PA, Edison Partners II nor any of
            the General Partners has been convicted in a criminal proceeding
         (excluding traffic violations or similar misdemeanors) during
         the past five years, or has been a party during the past five
            years to a civil proceeding of a judicial or administrative body
            of competent jurisdiction which resulted in either of them being
           subjected to a judgment, decree or final order enjoining future
             violations of, or prohibiting or mandating activities subject to,
          federal or state securities laws or finding any violation with
respect to such laws.                               

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ITEM 3.       SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.                

         Edison II and Edison II-PA were, in the aggregate, beneficial
        owners of 1,463,980 shares of Series A Convertible Preferred
   Stock of Strategic Diagnostics Inc. ("SDI") and 275,000
      immediately exercisable warrants to purchase shares of SDI
         common stock.  On December 30, 1996, SDI merged with and into
        EnSys Environmental Products, Inc. ("EnSys").  The surviving
  corporation, EnSys, was subsequently renamed Strategic
          Diagnostics Inc.  Each share of SDI common and preferred stock
           was converted into .7392048 shares of the Issuer.  Each warrant
             to purchase SDI common stock was converted into .7818026 warrants
         to purchase shares of the Issuer.  Accordingly, through their
           ownership of Series A Convertible Preferred Stock of the Issuer
       which is convertible into Common Stock on a share for share
        basis, Edison II and Edison II-PA beneficially own 1,082,180
         shares of Common Stock.  Moreover, through their ownership of
         warrants to purchase Common Stock, Edison II and Edison II-PA
          beneficially own an additional 214,996 shares of Common Stock,
    for an aggregate of 1,297,176 shares beneficially owned.

ITEM 4.       PURPOSE OF TRANSACTION.                                           

            Edison II and Edison II-PA acquired the shares of the Issuer for
         investment purposes.  Edison II and Edison II-PA will monitor
      market conditions and will pursue sales from time to time,
            although there can be no assurance of the total number of shares
         to be sold.  Edison II and Edison II-PA may from time to time
     acquire additional securities (through one or more market
             purchases or purchases in private transactions) or dispose of all
          or a portion of the securities which they now own or hereafter
           may acquire (through one or more market or private transactions
           or distributions to partners in accordance with the partnership
        agreement).  Except as set forth above, Edison II and Edison
            II-PA do not have any present plans or proposals which relate to
             or would result in any of the actions described in paragraphs (a)
through (j) of Item 4 of Schedule 13D.              

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ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.                                  

     Edison II and Edison II-PA beneficially own through their
            respective ownership of Series A Convertible Preferred Stock and
           warrants to purchase Common Stock, 1,087,954 shares and 209,222
            shares of Common Stock, respectively, which equals 7.6% and 1.5%
          respectively, of the outstanding shares of Common Stock of the
   Issuer. Edison Partners II, the sole general partner of
             Edison II and Edison II-PA, and the General Partners, the general
         partners of Edison Partners II, may be deemed to beneficially
  own the securities held by Edison II and Edison II-PA.

ITEM 5(b).    Number of Shares as to which Edison II and Edison II-PA has:      

sole power to vote or to direct the vote:           
   Edison II                           1,087,954
   Edison II-PA                          209,222

shared power to vote or to direct the vote:         
 Edison II                              None
 Edison II-PA                           None

sole power to dispose or to direct the disposition: 
   Edison II                           1,087,954
   Edison II-PA                          209,222

shared power to dispose or to direct the            
disposition:                                        
 Edison II                              None
 Edison II-PA                           None

ITEM 5(c).    None of Edison II, Edison II-PA, Edison Partners II nor any of    
           the General Partners has been a party to any transaction in the
          Common Stock during the sixty day period ending on the date of
      this Statement on Schedule 13D other than the transactions
described herein.                                   

ITEM 5(d).         Not applicable.                                              

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ITEM 6.       CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH     
RESPECT TO SECURITIES OF THE                        
ISSUER.                                             

            Edison II and Edison II-PA have signed "lock-up" agreements with
         the Issuer, pursuant to which Edison II and Edison II-PA have
       agreed not to sell or transfer their shares of the Issuer's
        Common Stock for a period of six months from the date of the
          merger between SDI and the Issuer.  Edison II and Edison II-PA
           have also entered into a Registration Rights Agreement with the
           Issuer, dated December 30, 1996, which provides for (i) certain
        demand registration rights and (ii) the right to require the
        Issuer to include Common Stock owned by Edison II and Edison
     II-PA in any other registration of Issuer's Common Stock.

         The terms of the Series A Convertible Preferred Stock are set
             forth in the Fourth Amended Restated Certificate of Incorporation
of the Issuer.                                      

            Richard Defieux, a General Partner, is a director of the Issuer.

ITEM 7.       MATERIAL TO BE FILED AS EXHIBITS.                                 

            Exhibit 1 -    Agreement between Edison II and Edison II-PA that
                           this Statement is, and subsequent amendments will
              be, filed on behalf of each of them.

            Exhibit 2 -    Letter Agreements dated December 30, 1996 between
                        Issuer and each of Edison II and Edison II-PA.

           Exhibit 3 -    Registration Rights Agreement dated December 30,
                    1996 between Issuer and certain holders of
Issuer's Common Stock.

           Exhibit 4 -    Warrants W-12/30/96-H through N, issued by EnSys
in favor of Edison II.

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           Exhibit 5 -    Warrants W-12/30/96-O through U, issued by EnSys
   in favor of Edison II-PA.

     Exhibit 6 -    Fourth Amended and Restated Certificate of
      Incorporation of the Issuer.

     SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, we 
certify that the information set forth in this statement is true, complete and  
correct.                                                                        

Dated:  January 8, 1997            EDISON VENTURE FUND II, L.P.                 

       By: Edison Partners II, L.P.,
      General  Partner

  By:  /s/ Richard Defieux
                           ---------------------------------------
   General Partner

         EDISON VENTURE FUND II-PA, L.P.

       By: Edison Partners II, L.P.,
     General Partner

  By:  /s/ Richard Defieux
                           ---------------------------------------
   General Partner

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                                           EXHIBIT 1

     Agreement

   Pursuant to Rule 13d-l(f)(1) under the Securities Exchange Act of
1934, the undersigned hereby agree that only one statement containing the       
information required on Schedule 13D need be filed with respect to ownership by 
each of the undersigned of capital stock of Strategic Diagnostics Inc.          

       This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.                                              

Dated:  January 8, 1997           EDISON VENTURE FUND II, L.P.                  

       By: Edison Partners II, L.P.,
   General Partner

  By:  /s/ Richard Defieux
                           ---------------------------------------
   General Partner

         EDISON VENTURE FUND II-PA, L.P.

       By: Edison Partners II, L.P.,
     General Partner

  By:  /s/ Richard Defieux
                           ---------------------------------------
   General Partner

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Dates Referenced Herein   and   Documents Incorporated by Reference

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This ‘SC 13D’ Filing		Date		First		Last			Other Filings
Filed on:		1/9/97							SC 13D
		1/8/97		8		9
		12/30/96		1		7			8-K
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