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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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 box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person* See Exhibit A
Schreiber Warren
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(Last) (First) (Middle)
64 Shelter Lane
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(Street)
Roslyn New York 11577
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Conolog Corp. ("CNLG")
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
June 1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by one Reporting Person
[X] Form filed by more than one Reporting Person
________________________________________________________________________________
<PAGE>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 6/23/99 J(1) 200,000 A $1.00
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Common Stock 6/23/99 S 200,000 D $1.25
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Common Stock 6/23/99 S 10,000 D $1.25 1,047,143 I (2)
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/98)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option to Acquire
Convertible 06/18 06/17 12/31 Common
Debenture $1.00 /99 C(1) 200,000 /99 /99 Stock 200,000 $1.00 1,800,000 I (3)
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</TABLE>
Explanation of Responses:
(1) See Rider A.
(2) See Rider A.
(3) See Rider A.
/s/Warren Schreiber July 12, 1999
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Warren Schreiber Date
The Nybor Group, Inc.
/s/Warren Schreiber July 12, 1999
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Warren Schreiber, President Date
Clog, LLC
/s/Warren Schreiber July 12, 1999
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Warren Schreiber, Member Date
/s/Robyn Schreiber July 12, 1999
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Robyn Schreiber 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.
Page 2
<PAGE>
WARREN SCHREIBER
FORM 4
JUNE, 1999
EXHIBIT A
(1) Name and Address of Reporting Person:
a) CLOG LLC
64 Shelter Lane
Roslyn, NY 11577
b) The Nybor Group, Inc.
64 Shelter Lane
Roslyn, NY 11577
c) Robyn Schreiber
64 Shelter Lane
Roslyn, NY 11577
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<PAGE>
WARREN SCHREIBER
FORM 4
JUNE 1999
RIDER A
(1) On June 18, 1999, CLOG LLC, a New York limited liability company ("CLOG"),
exercised an option to the extent of purchasing $200,000 principal amount of
convertible debentures described in Footnote (3). On June 23, 1999, CLOG
converted the convertible debentures into 200,000 shares of Common Stock of the
Issuer ("Common Shares").
(2) Represents shares owned by The Nybor Group, Inc., a New York corporation
("Nybor"). Robyn Schreiber, the wife of Warren Schreiber, is the sole
shareholder of Nybor. Warren Schreiber is the President of Nybor.
(3) Following the conversion discussed in footnote (1), CLOG holds an
irrevocable option and right to purchase up to $1,800,000 of convertible
debentures of the Issuer. The convertible debentures mature one year after the
date of issuance. The principal amount of the convertible debentures is
immediately convertible into Common Shares at a conversion price of $1.00 per
share (or an aggregate of 1,800,000 Common Shares). Warren Schreiber is the
controlling member of CLOG.
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