U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
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<S> <C> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person
HEI, Inc. (HEII) to Issuer (Check all applicable)
Finch, III Edwin W.
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for X Director --- 10% Owner
Number of Reporting Month/Year ---
Person (Voluntary) February 2000 --- Officer (give --- Other
title below) (specify
below)
600 20th Street, Suite 350 5. If Amendment,
____________________________________________________ Date of Original
(Street) (Month/Year)
Birmingham AL 35203
____________________________________________________
(City) (State) (Zip) 7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One Reporting
-- Person
-- Form filed by More than One
Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Month/ (Instr. 8) Owned at Direct Bene-
Day/ End of (D) or ficial
Year) Month Indirect Owner-
(Instr. 3 (I) ship
and 4) (Instr. 4) (Instr. 4)
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Code V Amount (A) or Price
(D)
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Common Stock $.05 par value 2/4/00 P 5,000 A $10.75 8,250 D
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*If the form is filed by more than reporting person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of 6. Date Exer- 7. Title and 8. Price 9. Number 10. Owner- 11. Na-
Derivative sion or action tion Derivative cisable and Amount of of of ship ture
Security Exercise Date Code Securities Expiration Underlying Deriva- Deriva- Form of of
(Instr. 3) Price of (Instr. 8) Acquired (A) Date (Month/ Securities tive tive Deriva- In-
Deriva- (Month/ or Disposed Day/Year) (Instr.3 Security Securi- tive di-
tive Day/ of (D) and 4) (Instr. 5) ties Bene- Security: rect
Security Year) (Instr. 3, ficially Direct Bene-
4, and 5) Owned at (D) or fi-
End of Indirect cial
Month (I) Own-
(Instr. 4) (Instr. 4) er-
ship
------------------------------------- (Instr.
Date Expir- 4)
Exer- ation Amount or
cisable Date Title Number of
Shares
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Code V (A) (D)
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Stock Option (1) 11/18/08 Common 55,000 65,000 D
Stock
$.05 par
value
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Stock Option (2) 01/20/10 Common 10,000 65,000 D
Stock
$.05 par
value
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Explanation of Responses:
(1) The option will become exercisable in full upon the earliest to occur of
(i)11/18/05, or (ii) the first date on which the market value per share of the
common shares equals or exceeds $25.00.
(2) The option will become exercisable in full upon the earliest to occur of
(i)01/20/07, or (ii) the first date on which the market value per share
of the common shares equals or exceeds $25.00.
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**Intentional misstatements or omissions of facts constitute Federal Criminal /s/ Edwin W. Finch, III March 30, 2000
Violations. --------------------------- ---------------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
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