SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 43)*
*Amendment No. 43 for Dynamics Corporation of America
Amendment No. 15 for LTB Investment Corporation
CTS CORPORATION
(Name of Issuer)
COMMON STOCK -- NO PAR VALUE
(Title of Class of Securities)
126 501 105
(CUSIP Number)
Henry V. Kensing
DYNAMICS CORPORATION OF AMERICA
475 Steamboat Road, Greenwich, Connecticut 06830
(203) 869-3211
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 2, 1995
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject
of this Schedule 13D, and is filing this schedule because of
Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the
statement [ ]. (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership
of five percent or less of such class.) (See Rule 13d-7).
*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
disclosures provided in a prior cover page.
The information required on 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.
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person.
DYNAMICS CORPORATION OF AMERICA, IRS Identification No. 13-
0579260; LTB INVESTMENT CORPORATION, a wholly-owned
subsidiary of DYNAMICS CORPORATION OF AMERICA, IRS
Identification No. 06-1109554.
2. Check the appropriate Box if a member of a group.
(a) [ ]
(b) [ ]
3. SEC use only.
4. Source of Funds.
WC and BK
5. Check box if disclosure of legal proceedings is required
pursuant to items 2(d) or 2(e).
[ ]
6. Citizenship or place of organization.
DYNAMICS CORPORATION OF AMERICA - New York
LTB INVESTMENT CORPORATION - Delaware
7. Sole Voting Power.
2,292,100 for DYNAMICS CORPORATION OF AMERICA, of which
2,291,100 are held by LTB INVESTMENT CORPORATION, a wholly-
owned subsidiary of DYNAMICS CORPORATION OF AMERICA
8. Shared Voting Power.
9. Sole Dispositive Power.
2,292,100 for DYNAMICS CORPORATION OF AMERICA, of which
2,291,100 are held by LTB INVESTMENT CORPORATION, a wholly-
owned subsidiary of DYNAMICS CORPORATION OF AMERICA
10. Shared Dispositive Power.
11. Aggregate Amount Beneficially Owned by Each Reporting
Person.
2,292,100 for DYNAMICS CORPORATION OF AMERICA, of which
2,291,100 are held by LTB INVESTMENT CORPORATION, a wholly-
owned subsidiary of DYNAMICS CORPORATION OF AMERICA
12. Check Box if the aggregate amount in Row (11) excludes
certain shares.
[ ]
13. Percent of Class represented by amount in Row (11).
44.04%
14. Type of Reporting Person.
CO
Item 5. Interest in Securities of the Issuer.
Subsequent to the filing of Amendment No. 14 to its Schedule
13D, LTB Investment Corporation ("LTB") has acquired 82,000
shares of CTS common stock in privately negotiated
transactions, as follows:
NUMBER PRICE
OF OF
DATE SHARES SHARES TYPE OF TRANSACTION
12/7/94 12,000 $28.250 Privately Negotiated
3/22/95 20,000 $30.125 Privately Negotiated
11/2/95 50,000 $33.875 Privately Negotiated
The holdings of DCA and its wholly owned subsidiary, LTB,
which aggregate 2,292,100 shares of CTS common stock,
represent approximately 44.04% of CTS' outstanding shares
(based on the number of shares of CTS common stock
outstanding on August 10, 1995 as shown in CTS' Form 10-Q
for the quarterly period ended July 2, 1995).
DCA has the sole power to vote or direct the vote and to
dispose of or direct the disposition of all of such shares,
except that 1,020,000 of such shares presently have no
voting rights under the Control Share Acquisition Chapter of
the Indiana Business Corporation Law. To the best of DCA's
knowledge, none of its directors or executive officers is
the beneficial owner of any other shares of CTS common
stock.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
amendment is true, complete and correct.
Dated: November 7, 1995
DYNAMICS CORPORATION OF AMERICA
BY:
Henry V. Kensing,
Vice President
