FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
File 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
1. Name and Address of Reporting Person
John S. Chapin
6797 Winchester Circle
Boulder, CO 80301
2. Date of Event Requiring Statement (Month/Day/Year)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Applied Films Corporation AFCO
5. Relationship of Reporting Person to Issuer (Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
-Secretary, Vice President-Research & Development
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual of Joint/Group Filing (Check Applicable Line)
__X__ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)
Common Stock
Common Stock
Common Stock
Common Stock
Common Stock
2. Amount of Securities Beneficially Owned (Instr. 4)
360,855
14,993
2,968
21,000
170,714
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
D
I
I
I
I
4. Nature of Indirect Beneficial Ownership (Instr. 5)
-
General Partnership (1)
Personal Investment Plan
By Trust (1)
By Family Trust
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
<PAGE>
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls,
warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)
Employee Stock Option Plan (Right to Buy)
Employee Stock Option Plan (Right to Buy)
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable:
(2)
(3)
Expiration Date:
7/21/2003
1/20/2005
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
Title
Common Stock
Common Stock
Amount or Number of Shares
16,590
17,955
4. Conversion or Exercise Price of Derivative Security
$2.32
$3.29
5. Ownership Form or Dervivative Security: Direct (D) or Indirect (I)
(Instr. 5)
(D)
(D)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
Explanation of Responses:
(1) The reporting person disclaims beneficial ownership of all shares owned by
partnership except for 25% of the above amount (3,748 shares) and all
shares owned by the trust.
(2) The option vests in four equal annual installments beginning on July 21,
1994.
(3) The option vests in four equal annual installments beginning on January 20,
1996.
By: /s/ John S. Chapin 11/19/97
John S. Chapin
**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
