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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. 18)*
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
--------------------
(CUSIP Number)
Calendar Year Ended December 31, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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
<PAGE>
SCHEDULE 13G
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CUSIP No. 261876-10-6
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jerome Drexler
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (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
1,310,548 *
NUMBER OF -----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 15,000 *
OWNED BY -----------------------------------------------------------
EACH REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,310,548 *
WITH -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
15,000 *
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,310,548 *
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
[X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.3%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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* Please refer to Item 4 on page 3 hereof regarding certain shares omitted or
included in such totals.
Page 2
<PAGE>
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:
United 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, 1999
(a) Shares Beneficially Owned:
<TABLE>
<S> <C>
(i) Held by me beneficially
and of record.......................... 1,310,548 *
(ii) Held directly or indirectly
by my wife Sylvia B. Drexler;**
beneficial ownership disclaimed
by me under Rule 13d-4................. 186,450 **
(iii) Held by The Drexler Foundation;***
beneficial ownership disclaimed
by me under Rule 13d-4................. 15,000 ***
(iv) Total shares reported.................. 1,511,998 *
</TABLE>
(b) Percent of Class:
The 1,511,998* reported shares constitute 15.4% of
the 9,821,104 shares outstanding on December 31,
1999; the 1,310,548* shares owned beneficially by me
constitute 13.3% of such shares as of December 31, 1999.
(c) Number of shares as to which I have:
<TABLE>
<S> <C>
(i) Sole power to vote or to
direct the vote......................... 1,310,548 *
(ii) Shared power to vote or to
direct the vote......................... 15,000 ***
(iii) Sole power to dispose or to
direct the disposition of............... 1,310,548 *
(iv) Shared power to dispose or to
direct the disposition of............... 15,000 ***
</TABLE>
* Pursuant to Rule 13d-3(d)(1)(i), this figure includes 240,600 shares which
I had the right to purchase within sixty days of December 31, 1999.
** Pursuant to Rule 13d-3(a), this figure includes 14,350 shares held by my
spouse as custodian for a grandchild 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 15,000 shares owned by
The Drexler Foundation, a California non-profit corporation, whose assets
are perpetually dedicated to charity. The power to vote and to dispose of
the shares is shared by the Foundation's trustees, consisting of myself
and my spouse; I disclaim beneficial ownership of the shares owned by this
Foundation under Rule 13d-4.
Page 3
<PAGE>
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 11, 2000
/s/Jerome Drexler
-------------------------------
JEROME DREXLER
ATTENTION: INTENTIONAL MISSTATEMENT OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 4
