U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b)
1. Name and Address of Reporting Person:
Goulder, Morton E.
34 Linnell Circle
Nutting Lake, MA 01865
2. Issuer Name and Ticker or Trading Symbol:
Computer Devices, Inc. (CTDV)
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year:
November 1997
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person to Issuer (Check all applicable):
(X)Director ( )Officer ( )10% Owner ( )Other (specify below):
TABLE I
Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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No reporting information for this table.
TABLE II
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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Derivative Number 1
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1. Title of Derivative Security: Option to buy Class A Common Stock.
2. Exercise Price of Derivative Security: $0.04.
3. Transaction Date: November 10, 1997.
4. Transaction Code: M.
5. Number of Derivative Securities: Disposed of (Exercised) 50,000.
6. Exercisable and Expiration Dates: Not Applicable
7. Title and Amount of Underlying Securities: 50,000 shares of Class A
Common Stock.
Derivative Number 2
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1. Title of Derivative Security: Class A Common Stock.
2. Exercise Price of Derivative Security: $0.04.
3. Transaction Date: November 10, 1997.
4. Transaction Code: M.
5. Number of Derivative Securities: Acquired 50,000.
6. Exercisable and Expiration Dates: Not Applicable
7. Title and Amount of Underlying Securities: 50,000 shares of Class B
Common Stock.
NOTE: As of November 30, 1997 the reporting person held directly:
(a) 67,799 shares of Class A Common Stock including 50,000 shares
referred to above (convertible to 67,799 shares of Class B
Common Stock).
(b) 34,000 shares of Class B Common Stock.
(c) an option to buy up to 25,000 shares of Class A Common Stock
@ $0.15 per share expiring November 23, 1999.
S/ Morton E. Goulder December 10, 1997
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**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).
