UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION STATEMENT
PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
WHITE ELECTRONIC DESIGNS CORPORATION
(FORMERLY CRYSTALLUME)
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
22942D 10 6
(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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>
SCHEDULE 13G
CUSIP NO. 22942D 10 6 PAGE 2 OF 4 PAGES
WHITE ELECTRONIC DESIGNS CORPORATION
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NEW YORK LIFE INSURANCE COMPANY
13-5582869
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
NUMBER OF 5. SOLE VOTING POWER 2,272,126
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY
EACH 7. SOLE DISPOSITIVE POWER 2,272,126
REPORTING
PERSON 8. SHARED DISPOSITIVE POWER 0
WITH
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 2,272,126
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.3%
12. TYPE OF REPORTING PERSON*
IC
*SEE INSTRUCTIONS BEFORE FILLING OUT
2
<PAGE>
SCHEDULE 13G
CUSIP NO. 22942D 10 6 PAGE 3 OF 4 PAGES
WHITE ELECTRONIC DESIGNS CORPORATION
Item 1(a) Name of issuer: WHITE ELECTRONIC DESIGNS CORPORATION
Item 1(b) Address of issuer's principal executive offices:
3601 EAST UNIVERSITY DRIVE
PHOENIX, AZ 85034
Item 2(a) Name of person filing: NEW YORK LIFE INSURANCE COMPANY
Item 2(b) Address of principal business office:
51 MADISON AVENUE, ROOM 206
NEW YORK, NY 10010
Item 2(c) Citizenship: NEW YORK
Item 2(d) Title of class of securities: COMMON STOCK
Item 2(e) Cusip No.: 22942D 10 6
Item 3 Type of Person: INSURANCE COMPANY AS DEFINED IN
SECTION 3(A)(19) OF THE ACT
Item 4(a) Amount beneficially owned:
Item 4(b) Percent of class: 14.3%
Item 4(c) (i) sole power to vote: 2,272,126
(ii) shared power to vote: 0
(iii) sole power to dispose: 2,272,126
(iv) shared power to dispose: 0
Item 5 Ownership of 5 percent or less of a class: NOT APPLICABLE
Item 6 Ownership of more than 5 percent on behalf of another person: NOT
APPLICABLE
Item 7 Identification and classification of subsidiary: NOT APPLICABLE
Item 8 Identification and classification of members of the group: NOT
APPLICABLE
3
<PAGE>
SCHEDULE 13G
CUSIP NO. 22942D 10 6 PAGE 4 OF 4 PAGES
WHITE ELECTRONIC DESIGNS CORPORATION
Item 9 Notice of dissolution of the group: NOT APPLICABLE
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete, and correct.
Dated: February 11, 1999 NEW YORK LIFE INSURANCE COMPANY
By /S/ PHILIP SMITH
-------------------------------
Name: Philip Smith
Title: Director
