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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
Microdyne Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
595067-10-9
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(CUSIP Number)
Curtis M. Coward, Esquire
McGuire, Woods, Battle & Boothe, L.L.P.
8280 Greensboro Drive, Suite 900, McLean, Virginia 22102
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
July 1, 1996
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(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 the statement / /. (A fee
is not required only if the 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 (the "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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SCHEDULE 13D
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CUSIP No. 595067-10-9 PAGE 2 of 5 PAGES
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1 NAME OR REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
Philip T. Cunningham
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY Not Applicable
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4 SOURCE OF FUNDS* Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS / /
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) Not Applicable
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6 CITIZENSHIP OR PLACE OR ORGANIZATION United States
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7 SOLE VOTING POWER 5,776,887
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8 SOLE VOTING POWER -0-
NUMBER OF SHARES
BENEFICIALLY OWNED --------------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER 5,776,887
PERSON WITH
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10 SHARED DISPOSITIVE POWER -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,776,887
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12 CHECK BOX IF THE AGGREGATE IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 45.1%
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14 TYPE OF REPORTING PERSON* IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
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SCHEDULE 13D
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CUSIP NO. 595067-10-9 PAGE 3 of 5 PAGES
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1 NAME OR REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
The Philip T. Cunningham
Grantor Retained Annuity Trust I
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY Not Applicable
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4 SOURCE OF FUNDS* Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS / /
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) Not Applicable
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6 CITIZENSHIP OR PLACE OR ORGANIZATION United States
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7 SOLE VOTING POWER -0-
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8 SOLE VOTING POWER -0-
NUMBER OF SHARES
BENEFICIALLY OWNED --------------------------------------------------------
BY EACH REPORTING 9 SOLE DISPOSITIVE POWER -0-
PERSON WITH
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10 SHARED DISPOSITIVE POWER -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
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12 CHECK BOX IF THE AGGREGATE IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
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14 TYPE OF REPORTING PERSON* 00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDES BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
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This Amendment No. 8 to the Schedule 13D relates to the common stock, par
value $.10 per share, of Microdyne Corporation ("MICRODYNE"), the principal
executive offices of which are located at 3601 Eisenhower Avenue, Alexandria,
Virginia 22304.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is amended by adding to the end of the Item the following:
On July 1, 1996, the Philip T. Cunningham Grantor Retained Annuity
Trust I terminated pursuant to its terms, as a result of which 371,704
shares of MICRODYNE common stock was returned to Mr. Cunningham, 69,671
shares of MICRODYNE common stock were distributed to certain of Mr.
Cunningham's emancipated children, and 453,388 shares were distributed to
a new irrevocable trust to be held for the benefit of certain of Mr.
Cunningham's emancipated children. Mr. Cunningham possesses neither
dispositive nor voting power over the MICRODYNE common stock held by the
new trust.
Mr. Cunningham may dispose of additional shares in the future
depending upon his evaluation of the factors described in the first
paragraph of this Item.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is amended to read as follows:
a. The aggregate number of shares of MICRODYNE common stock
beneficially owned by Mr. Cunningham is 5,776,887, and the percentage of
MICRODYNE common stock owned by Mr. Cunningham is 45.1%. Mr. Cunningham
has sole voting and dispositive power over such shares of MICRODYNE
common stock.
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Page 5 of 5 Pages
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, correct and
complete.
Date: August 6, 1996
/s/ Philip T. Cunningham
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Philip T. Cunningham
