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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Amendment Number 38 To
SCHEDULE 13D
Under the Securities Exchange Act of 1934
PERSONAL DIAGNOSTICS, INCORPORATED
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
715334108
(CUSIP Number)
JOHN H. MICHAEL
1810 24TH STREET, WASHINGTON, D.C. 20008
(201) 483-0063
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
October 31, 1996
(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 this 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.)
NOTE: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
*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 (however, see
the Notes.)
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CUSIP Number: 715334108
1) Name of Reporting Persons and S.S. or I.R.S. Identification
Nos. of Above Persons:
Name: John H. Michael
Social Security Number: ###-##-####
2) Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [ ]
(b) [ ]
3) SEC Use Only
4) Source of Funds (See Instructions): PF
5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
6) Citizenship or Place of Organization: U.S. Citizen
Number of (7) Sole Voting Power: 3,369,732*
Shares Bene-
ficially (8) Shared Voting Power: - 0 -
Owned by
Each (9) Sole Dispositive Power: 3,369,732*
Reporting
Person With (10) Shared Dispositive Power: - 0 -
11) Aggregate Amount Beneficially Owned by Each Reporting Person:
3,369,732*
12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions) [ ]
13) Percent of Class Represented by Amount in Row (11): 65.25%
14) Type of Reporting Person (See Instructions): IN
*Includes 300,000 shares of Common Stock issuable upon the exercise of
Incentive Stock Options ("ISO") granted under the Company's 1988 Plan.
Page 2 of 6
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ITEM 1. SECURITY AND ISSUER
This Statement relates to the common stock ("Common Stock") and common
stock options ("Options") of Personal Diagnostics, Incorporated (the "Issuer").
This statement is Amendment No. 38 to a Statement of Beneficial
Ownership filed by Mr. John H. Michael with respect to the Common Stock and
Options of the Issuer. This Amendment No. 38 relates to the purchase of 15,400
shares of the Issuer's Common Stock by Mr. Michael during October 1996 on the
open market.
Personal Diagnostics, Incorporated
3 Entin Road
Parsippany, New Jersey 07054
ITEM 2. IDENTITY AND BACKGROUND
(a) Name: John H. Michael
(b) 1810 24th Street, N.W.
Washington, D.C. 20008
(Home Address)
(c) John H. Michael is the Chairman of the Board of Directors, Chief
Executive Officer, President, Secretary and Treasurer of Personal Diagnostics,
Incorporated. He also serves on the Board of Directors of Noxso Corporation.
(d) No
(e) No
(f) U.S. Citizen
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The shares of Common Stock were purchased by Mr. Michael with personal
funds.
ITEM 4. PURPOSE OF TRANSACTION
Mr. Michael's acquisition of the aforementioned securities of the
Issuer is for the purpose of investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Table below sets forth the aggregate number of shares and
percentage of Common Stock beneficially owned by Mr. Michael. The information
herein pertaining to the Issuer's issued and outstanding Common Stock is as of
October 1996, at which time there were issued and outstanding 4,864,000 shares
of the Issuer's Common Stock, 25,000 Common Stock Purchase Warrants and 340,000
Common Stock Purchase Options.
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<TABLE>
<CAPTION>
Aggregate Amount of Percentage
Title of Class Beneficial Ownership of Class
- -------------- -------------------- ----------
<S> <C> <C>
Common Stock 3,369,732(1) 65.25%
</TABLE>
- -------------
(1) Includes 300,000 shares of Common Stock issuable upon the exercise
of Incentive Stock Options ("ISO") granted under the Company's 1988 Plan.
- -------------
(b) The number of shares as to which Mr. Michael has sole power to vote
or direct the vote, shared power to vote or direct the vote, sole power to
dispose or direct the disposition, or shared power to dispose or direct the
disposition is as follows:
(i) Sole Voting Power. Mr. Michael has sole voting power with
respect to 3,369,732* shares of Common Stock beneficially
owned.
(ii) Shared Voting Power. Mr. Michael does not hold any common
stock with shared voting power.
(iii) Sole Dispositive Power. Mr. Michael has sole power to
dispose or to direct the disposition with respect to
3,369,732* shares of Common Stock beneficially owned.
(iv) Shared Dispositive Power. Mr. Michael does not share
power to dispose or to direct the disposition of shares of
Common Stock.
- -------------
* Includes 300,000 shares of Common Stock issuable upon the exercise of
Incentive Stock Options ("ISO") granted under the Company's 1988 Plan.
- -------------
(c) Mr. Michael made the following purchases of shares of Common Stock
since the filing of Amendment Number 37 to Schedule 13D on October 7, 1996:
<TABLE>
<CAPTION>
Transaction Number Transaction Price per
Date of Shares Type Share
- ----------- --------- ----------- ---------
<S> <C> <C> <C>
October 2, 1996 5,000 Open-market Purchase $1.00
October 18, 1996 2,500 Open-market Purchase $0.97
October 29, 1996 2,900 Open-market Purchase $0.91
October 30, 1996 5,000 Open-market Purchase $0.97
</TABLE>
(d) Not applicable.
(e) Not applicable.
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
With the exception of the 1991 Purchase Agreement and the 1986 Purchase
Agreement, Mr. Michael is not a party to any contract, arrangement,
understanding or relationship with respect to any securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not Applicable
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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
accurate.
/s/ John H. Michael
----------------------
Dated: November 7, 1996 John H. Michael
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