U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------------
FORM 3 OMB APPROVAL
-----------------------------
OMB NUMBER: 3235-0060
Expires: May 31 , 2000
Estimated average burden
hours per response ...... 0.5
-----------------------------
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
van Roon Arne
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
c/o ALYN CORPORATION
16761 Hale Avenue
- --------------------------------------------------------------------------------
(Street)
Irvine CA 92606
- --------------------------------------------------------------------------------
(City) (State) (Zip)
- - ------------------------------------------------------------------------------
2. Date of Event Requiring Statement (Month/Day/Year)
5/14/99
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
- --------------------------------------------------------------------------------
4. Issuer Name and Ticker or Trading Symbol
ALYN CORPORATION; "ALYN"
- - ------------------------------------------------------------------------------
5. Relationship of Reporting Person to Issuer:
(Check all applicable)
X Director 10% Owner
----- ------
X Officer (give Other (specify
----- title below) ------ below)
President and CEO
----------------------------------
- -------------------------------------------------------------------------------
6. If Amendment, Date of Original
(Month/Day/Year)
- -------------------------------------------------------------------------------
7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One Reporting Person
- ----
Form filed by More than One Reporting Person
- ----
- -------------------------------------------------------------------------------
<TABLE>
Table 1 -- Non-Derivative Securities Beneficially Owned
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Direct (D) or (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
- --------------------------- --------------------------- ----------------- ------------------------------------------
Common Stock, $.001 par
value 8,000 D
- --------------------------- --------------------------- ----------------- ------------------------------------------
- --------------------------- --------------------------- ----------------- ------------------------------------------
- --------------------------- --------------------------- ----------------- ------------------------------------------
- --------------------------- --------------------------- ----------------- ------------------------------------------
- --------------------------- --------------------------- ----------------- ------------------------------------------
- --------------------------- --------------------------- ----------------- ------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 5(b)(v)
(Over)
<TABLE>
Page 1 of 2 SEC 1473 (7-97)
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) cisable and Underlying Derivative Security or Form of Indirect
Expiration (Instr. 4) Price of Derivative Beneficial
Date Derivative Security: Ownership
(Month/Day/ Security Direct (D) (Instr. 5)
Year) or
------- ------- --------------------------------- Indirect (I)
Date Expira- Amount (Instr. 5)
Exer- tion or
cisable Date Title Number
of
Shares
- -------------------------------- -------- -------- ------------------------ ------- --------------- --------------- ------------
Empoyee Stock Options 12/31/99 04/15/04 Common Stock, $.001 par 750,000 $2.63 D
value (1)
- -------------------------------- -------- --------- ------------------------ ------- --------------- --------------- -----------
Warrants 12/31/99 12/31/09 Common Stock, $.001 par 50,000 $3.50 D
value (2)
- -------------------------------- -------- --------- ------------------------ ------- --------------- --------------- -----------
- -------------------------------- -------- --------- ------------------------ ------- --------------- --------------- -----------
- -------------------------------- -------- -------- ------------------------ ------- --------------- --------------- -----------
- -------------------------------- -------- -------- ------------------------ ------- --------------- --------------- -----------
- -------------------------------- -------- -------- ------------------------ ------- --------------- --------------- -----------
- -------------------------------- -------- -------- ------------------------ ------- --------------- --------------- -----------
- -------------------------------- -------- -------- ------------------------ ------- --------------- --------------- -----------
- -------------------------------- -------- -------- ------------------------ ------- --------------- --------------- -----------
- -------------------------------- -------- -------- ------------------------ ------- --------------- --------------- -----------
====================================================================================================================================
Explanation of Responses:
</TABLE>
(1) 100,000O shares vest at 12/31/99; the remaining 650,000 vest at 12/31/00
based upon the price of the Company's common stock for an average trading
period ending on that date. If at 12/31/00 the price of the common stock
is $4.00 per share, the first 50,000 (of the 650,000) fully vests; for
every whole dollar above $4.00 that the stock price is, an additional
50,000 shares vest, up to the maximum 650,000 (i.e. at or above $14.00 per
share).
(2) Vesting is based upon the level of recognized sales volume achieved during
calendar 1999 by Van Roon Partners in Europe. If such sales reach $5
million, 10,000 shares vest; if total sales reach $7 million, 25,000 shares
vest; and if total sales reach $10 million, all 50,000 shares vest.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Arne van Roon 5/28/96
------------------------------- --------------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a valid OMB
Number.
Page 2 of 2
