U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b)
1. Name and Address of Reporting Person*
Chapin John S
(Last) (First) (Middle)
9586 I-25 Frontage Road
(Street)
Longmont CO 80504
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Applied Films Corporation AFCO
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
12/99
5. If Amendment, Date of Original (Month/Year)
6. 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
7. Individual or Joint/Group Filing (Check applicable line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
<PAGE>
TABLE I - Non-Derivative Securities Acquired, Disposed of, or Benefically Owned
1. Title of Security (Instr. 3)
Common Stock
2. Transaction Date (Month/Day/Year)
12/22/99
3. Transaction Code (Instr. 8)
Code S
V -
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 2,968
(A) or (D) (D)
Price 12.4375
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
535,317
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
(D) 364,603
(I) 170,714
7. Nature of Indirect Beneficial Ownership (Instr. 4)
By Family Trust
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
(Print or Type Responses)
*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v)
(over)
<PAGE>
FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
2. Conversion or Exercise Price of Derivative Security
3. Transaction Date (Month/Day/Year)
4. Transaction Code (Instr. 8)
Code
V
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3,
4, and 5)
(A)
(D)
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable
Expiration Date
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title
Amount or Number of Shares
8. Price of Derivative Security (Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Explanation of Responses:
/s/ John S. Chapin 4/6/00
**Signature of Reporting Person Date
John Chapin
**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.
