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OMB Number 3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 14)*
DREXLER TECHNOLOGY CORPORATION
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(Name of Issuer)
Common Stock $0.01 par value
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(Title of Class of Securities)
261876-10-6
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing 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 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 1 of 4 Pages
SEC 1745 (2/92)
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SCHEDULE 13G
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CUSIP NO. 261876-10-6 Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jerome Drexler
S.S. No. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
1,464,298**
NUMBER OF -------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 6,500**
OWNED BY -------------------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,464,298**
WITH -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,500**
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,464,298**
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/X/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
16.6%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
**PLEASE REFER TO ITEM 4 ON PAGE 3 AND 4 HEREOF
REGARDING CERTAIN SHARES OMITTED OR INCLUDED
IN SUCH TOTALS.
Page 2 of 4 Pages
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Item 1 (a) Name of Issuer:
DREXLER TECHNOLOGY CORPORATION
Item 1 (b) Address of Issuer's Principal Executive Offices:
1077 Independence Avenue
Mountain View, California 94043
Item 2 (a) Name of Person Filing:
Jerome Drexler
Item 2 (b) Address of Principal Business Office:
1077 Independence Avenue
Mountain View, California 94043
Item 2 (c) Citizenship:
Unites States of America
Item 2 (d) Title of Class of Securities:
Common Stock, $0.01 Par Value
Item 2 (e) CUSIP Number:
261876-10-6
Item 3 Not Applicable
Item 4 Ownership as of December 31, 1995
(a) Shares Beneficially Owned:
<TABLE>
<S> <C>
(i) Held by me beneficially
and of record................................... 1,464,298 *
(ii) Held directly or indirectly
by my wife Sylvia B. Drexler;**
beneficial ownership disclaimed
by me under Rule 13d-4.......................... 211,400 **
(iii) Held by The Drexler Foundation;***
beneficial ownership disclaimed
by me under Rule 13d-4.......................... 6,500 ***
(iv) Total shares reported........................... 1,682,198 *
</TABLE>
(b) Percent of Class:
The 1,682,198* reported shares constitute 19.1% of
the 8,826,447 shares outstanding on December 31,
1995; the 1,464,298* shares owned beneficially by me
constitute 16.6% of such shares as of such date.
(c) Number of shares as to which I:
<TABLE>
<S> <C>
(i) Have sole power to vote or
direct the vote................................ 1,464,298 *
(ii) Share power to vote or
direct the vote................................ 6,500 ***
(iii) Have sole power to dispose
or direct disposition.......................... 1,464,298 *
(iv) Share power to dispose or
direct disposition............................. 6,500 ***
</TABLE>
* Pursuant to Rule 13d-3(d)(1)(i), this figure includes 192,000
shares which I had the right to purchase within sixty days of
December 31, 1995.
** Pursuant to Rule 13d-3(a), this figure includes 14,300 shares
held by my spouse as custodian for a grandson under the
California Uniform Transfers to Minors Act (CUTMA); my spouse
disclaims beneficial ownership of all such custodial shares
under Rule 13d-4.
*** Pursuant to Rule 13d-3(a), this figure consists of 6,500
shares owned by The Drexler Foundation. The power to vote and
to dispose of the shares is shared by the Foundation's
directors, consisting of myself and my spouse. The assets of
the Drexler Foundation are perpetually dedicated to charity.
Page 3 of 4 Pages
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Item 5 Not Applicable
Item 6 Ownership of More than Five Percent on Behalf
of Another Person:
Disclosed above under Item 4, subparagraph (a)(ii)
and (iii).
Item 7 Not Applicable
Item 8 Not Applicable
Item 9 Not Applicable
Item 10 Not Applicable
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.
Date: February 12, 1996
/s/Jerome Drexler
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JEROME DREXLER
ATTENTION: INTENTIONAL MISSTATEMENT OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 4 of 4 Pages
