CONOLOG CORP
3, 1999-06-30
ELECTRONIC COMPONENTS, NEC
Previous: CONCORD FABRICS INC, 10-Q, 1999-06-30
Next: CRANE CO /DE/, 11-K, 1999-06-30




                                                  ------------------------------
                                                           OMB APPROVAL
                                                  ------------------------------
                                                  OMB Number
                                                  Expires:
                                                  Estimated average burden
                                                  hours per response ....... 0.5
                                                  ------------------------------

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 3

            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

________________________________________________________________________________
1.   Name and Address of Reporting Person*            (See Exhibit A)

Schreiber                          Warren
- --------------------------------------------------------------------------------
   (Last)                            (First)              (Middle)

64 Shelter Lane
- --------------------------------------------------------------------------------
                                    (Street)

Roslyn                             New York                 11577
- --------------------------------------------------------------------------------
   (City)                            (State)                (Zip)

________________________________________________________________________________
2.   Date of Event Requiring Statement (Month/Day/Year)

June 17, 1999
________________________________________________________________________________
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)


________________________________________________________________________________
4.   Issuer Name and Ticker or Trading Symbol

Conolog Corp. ("CNLG")
________________________________________________________________________________
5.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [_]  Director                             [x]  10% Owner
     [_]  Officer (give title below)           [_]  Other (specify below)


________________________________________________________________________________
6.   If Amendment, Date of Original (Month/Day/Year)

June 28, 1999
________________________________________________________________________________
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>
================================================================================
             Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                 3. Ownership Form:
                                      2. Amount of Securities       Direct (D) or
1. Title of Security                     Beneficially Owned         Indirect (I)       4. Nature of Indirect Beneficial Ownership
   (Instr. 4)                            (Instr. 4)                 (Instr. 5)            (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
   <S>                                   <C>                         <C>                  <C>

Common Stock                             1,057,143                   I                    (1)
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>

*    If the Form is filed by more than one  Reporting  Person,  see  Instruction
     5(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.


                                                                          (Over)
(Form 3-07/98)

<PAGE>


FORM 3 (continued)

              Table II -- Derivative Securities Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
<TABLE>
<CAPTION>
                                                                                                        5. Owner-
                                                    3. Title and Amount of Securities                      ship
                                                       Underlying Derivative Security                      Form of
                         2. Date Exercisable           (Instr. 4)                                          Derivative
                            and Expiration Date     ---------------------------------    4. Conver-        Security:
                            (Month/Day/Year)                               Amount           sion or        Direct      6. Nature of
                         ----------------------                            or               Exercise       (D) or         Indirect
                         Date       Expira-                                Number           Price of       Indirect       Beneficial
1. Title of Derivative   Exer-      tion                                   of               Derivative     (I)            Ownership
   Security (Instr. 4)   cisable    Date            Title                  Shares           Security       (Instr. 5)     (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                      <C>        <C>             <C>                    <C>           <C>            <C>            <C>

Option to Acquire
Convertible Debenture    06/17/99   12/31/99        Common Stock           2,000,000     $1.00          I              (2)
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>
Explanation of Responses:

(1) See Rider A
(2) See Rider A

/s/ Warren Schreiber                                     June 30, 1999
- ---------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date
Warren Schreiber

The Nybor Group, Inc.

/s/ Warren Schreiber                                     June 30, 1999
- ---------------------------------------------            -----------------------
      **Signature of Reporting Person                            Date
Warren Schreiber, President

CLOG, LLC

/s/ Warren Schreiber                                     June 30, 1999
- ---------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date
Warren Schreiber, Member

/s/ Robyn Schreiber                                      June 30, 1999
- ---------------------------------------------            -----------------------
      **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.


                                                                          Page 2

                                WARREN SCHREIBER

                                     FORM 3


                                    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

<PAGE>




                                WARREN SCHREIBER

                                     FORM 3

                                     RIDER A

(1)  Represents shares obtained by The Nybor Group, Inc., a New York corporation
     ("Nybor"), pursuant to an Amended and Restated Consulting Agreement entered
     into  between  Nybor and the  Issuer on May 5, 1999  ("Restated  Consulting
     Agreement"). The issuance of the shares was subject to shareholder approval
     of the Restated Consulting  Agreement,  which approval was obtained on June
     17,  1999.  Robyn  Schreiber,  the wife of  Warren  Schreiber,  is the sole
     shareholder of Nybor. Warren Schreiber is the President of Nybor.

(2)  On May 5, 1999, CLOG LLC, a New York limited  liability  company  ("CLOG"),
     and the Issuer  entered  into an Amended  and  Restated  Option  Agreement,
     ("Restated  Option  Agreement"),  pursuant  to which CLOG was  granted  the
     irrevocable  option and right to purchase up to $2,000,000  of  convertible
     debentures of the Issuer  subject to  shareholder  approval of the Restated
     Option Agreement.  Such shareholder approval was obtained on June 17, 1999.
     The convertible  debentures mature one year after the date of issuance. The
     principal amount of the convertible  debentures is immediately  convertible
     into  shares of the  Common  Stock of the  Issuer  ("Common  Shares")  at a
     conversion  price of $1.00 per share (or an aggregate  of 2,000,000  Common
     Shares). Warren Schreiber is the controlling member of CLOG.



<PAGE>




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission