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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. 11)
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)
December 16, 1997
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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
CUSIP NO. 595067-10-9
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<TABLE>
<S> <C>
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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 4,955,487
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NUMBER OF SHARES 8 SHARED VOTING POWER 621,400
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH --------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER 4,955,487
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10 SHARED DISPOSITIVE POWER 621,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,576,887
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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) 43.2%
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14 TYPE OF REPORTING PERSON* IN
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</TABLE>
*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
CUSIP NO. 595067-10-9
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<TABLE>
<S> <C>
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1 NAME OR REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
The Philip T. Cunningham
1996 Grantor Retained Annuity Trust
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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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NUMBER OF SHARES 8 SHARED VOTING POWER 621,400
BENEFICIALLY OWNED BY EACH
REPORTING PERSON WITH ---------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER -0-
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10 SHARED DISPOSITIVE POWER 621,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000,000
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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) 4.8%
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14 TYPE OF REPORTING PERSON* 00
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</TABLE>
*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. 11 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 2. IDENTITY AND BACKGROUND
This statement is filed on behalf of Philip T. Cunningham, who
is a citizen of the United States and whose business address is 3601 Eisenhower
Avenue, Alexandria, Virginia 22304, and the Philip T. Cunningham 1996 Grantor
Retained Annuity Trust.
Mr. Cunningham's present principal occupation is Chairman of
the Board of Directors of Microdyne. During the last five (5) years, none of
the Reporting Persons has (i) been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) been a party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of which proceeding was or is subject to the
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.
Mr. Cunningham is the sole trustee of the above-referenced
trust, which was formed under the laws of the state of Virginia. The trust was
given shares of common stock of Microdyne, and holds stock as trust property on
behalf of the beneficiaries thereof.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is amended by adding to the end of the Item the
following:
On December 16, 1997 and pursuant to its
terms, the Philip T. Cunningham 1996 Grantor Retained
Annuity Trust transferred 378,600 shares of Microdyne
common stock to Mr. Cunningham.
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
5,576,887 and the percentage of Microdyne common
stock owned by Mr. Cunningham is 43.2%. Mr.
Cunningham has sole voting and dispositive power to
the common stock owned by him except for 621,400
shares of common stock of Microdyne held by him as
trustee of the Philip T. Cunningham 1996 Grantor
Retained Annuity Trust, and voted by him as trustee.
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ITEM 6. CONTRACT, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Philip T. Cunningham, individually, serves as the trustee of
the Philip T. Cunningham 1996 Grantor Retained Annuity Trust. As trustee, he
is vested with voting power, as well as dispositive powers in connection with
the shares which are or were the property of the trust.
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: December 23, 1997
/s/ Philip T. Cunningham
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Philip T. Cunningham
