UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 8 )*
NAME OF ISSUER: The Diana Corporation
TITLE OF CLASS OF SECURITIES: Common Stock, $1.00 Par Value
CUSIP NUMBER: 809180-10-2
NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE
NOTICES AND COMMUNICATIONS:
Donald E. Runge
8200 West Brown Deer Road, Suite 200
Milwaukee, WI 53223
(414) 355-0037
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT: 07/11/96
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-l(b)(3) or
(4), check the following box ___.
Check the following box if a fee is being paid with the 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 l3d-l(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).
<PAGE>
SCHEDULE l3D
CUSIP No. 809180-10-2 Page 2 of 5 Pages
1. NAME OF REPORTING PERSON: Donald E. Runge
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ___
(b) X
3. SEC USE ONLY
4. SOURCE OF FUNDS: PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ____.
6. CITIZENSHIP OR PLACE OF ORGANIZATION: United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7. SOLE VOTING POWER: 707,838
8. SHARED VOTING POWER: 0
9. SOLE DISPOSITIVE POWER: 707,838
10. SHARED DISPOSITIVE POWER: 0
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON: 707,838
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ____.
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 13.4%
14. TYPE OF REPORTING PERSON: IN
<PAGE>
CUSIP No. 809180-10-2 Page 3 of 5 Pages
This filing amends and restates the Schedule 13D, as
amended, filed by Donald E. Runge with respect to his ownership of
the Common Stock of The Diana Corporation.
Mr. Runge is filing this amendment because his percentage
ownership of The Diana Corporation's ("Diana") outstanding shares
has changed by more than one percent because of the subsequent
issuance of stock by Diana.
Item 1. Security and Issuer.
This amendment relates to the shares of Common Stock,
$1.00 par value per share ("Shares"), of Diana. The principal
executive offices of Diana are located at 8200 West Brown Deer
Road, Suite 200, Milwaukee, Wisconsin 53223.
Item 2. Identity and Background.
This amendment is being filed by Donald E. Runge
("Runge"). Mr. Runge's business address is 8200 West Brown Deer
Road, Suite 200, Milwaukee, Wisconsin 53223. Mr. Runge is the
President and a director of Diana. He is also a U.S. citizen.
During the last five years, Mr. Runge has not been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a
result of such proceeding was or is subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
In the past, Mr. Runge has used personal funds in
connection with his acquisition of Shares.
Item 4. Purpose of Transaction.
Mr. Runge is President and a director of Diana. Mr.
Runge's ownership or acquisition of Shares could facilitate Mr.
Runge's continuing ability to exert significant influence over
Diana, including Diana's consideration of a proposed spin-off of
one or more of its operating businesses. Mr. Runge has announced
his intention to retire as President of Diana. As a result, his
Employment Agreement will not be renewed when it expires. It is
anticipated that Mr. Runge will serve the remainder of the term of
his Employment Agreement which expires in 1997. Mr. Runge has not
been nominated for reelection as a director of Diana at Diana's
1996 Annual Meeting.
<PAGE>
CUSIP No. 809180-10-2 Page 4 of 5 Pages
Mr. Runge may, among other things, acquire additional
Shares (in open market or privately negotiated transactions or
otherwise), receive options, stock or other equity interests
directly from Diana as compensation for services or otherwise, or
dispose of Shares on terms acceptable to Mr. Runge from time to
time.
Except as set forth herein, Mr. Runge has no current plan
or proposal with respect to any of the matters set forth in
paragraphs (a)-(j) of Item 4 of Schedule 13D, but Mr. Runge
reserves all rights with respect to any future plans or proposals.
Item 5. Interest in Securities of the Issue.
(a)-(b) Information concerning Mr. Runge's beneficial
ownership of Shares is incorporated herein from
Items 7-10, 11 and 13 of the cover page of this
amendment.
(c) Mr. Runge has disposed of 100,823 shares of common
stock of The Diana Corporation since the filing of
Amendment No. 7 as detailed below:
Number of Sales Price
Date of Shares Per Share
------- --------- ----------
7/08/96 18,896 $ 41.25
7/09/96 527 40.50
7/09/96 1,400 40.375
7/09/96 6,000 41.00
7/10/96 9,478 41.00
7/10/96 5,100 41.125
7/10/96 10,000 41.25
7/10/96 10,000 41.75
7/10/96 10,000 42.00
7/11/96 3,000 41.50
7/11/96 5,500 41.75
7/11/96 2,000 42.00
7/11/96 1,422 42.125
7/11/96 2,500 42.375
7/11/96 2,500 42.625
7/11/96 1,000 43.00
7/11/96 1,000 43.25
7/11/96 1,500 43.875
7/11/96 3,000 44.00
7/11/96 2,000 44.25
7/11/96 2,000 44.75
7/11/96 2,000 46.00
(d)-(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings and Relationships
with Respect to Securities of the Issue.
Not applicable.
<PAGE>
CUSIP No. 809180-10-2 Page 5 of 5 Pages
Item 7. Material to be Filed as Exhibits.
Not applicable.
Signature
After reasonable inquiry, to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
August 2, 1996 /s/ Donald E. Runge
