UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
BOATRACS, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
096662 10 1
(CUSIP Number)
Norman L. Smith, Esq.
Solomon Ward Seidenwurm & Smith
401 B Street, Suite 1200
San Diego, CA 92101 (619) 231-0303
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
December 13, 1995
(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 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 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 13D
CUSIP No. 096662 10 1 Page 2 of 4 Pages
1. Name of Reporting Person - Michael Silverman
S.S. or I.R.S. Identification No. of Above Person
2. Check the Appropriate Box if a Member of a Group* (a)
N/A (b)
3. SEC Use Only
4. Source of Funds*
00
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(E)
N/A
6. Citizenship or Place of Organization
U.S.
NUMBER OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH
7. Sole Voting Power
6,005,027
8. Shared Voting Power
9. Sole Dispositive Power
6,005,027
10. Shared Dispositive Power
11. Aggregate Amount Beneficially Owned by Each Reporting Person
6,005,027 shares
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*
N/A
13. Percent of Class Represented by Amount in Row (11)
48%
14. Type of Reporting Person*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 4
ATTACHMENT TO AMENDMENT NO. 2 TO SCHEDULE 13D
Item 1. Security and Issuer.
This Amendment No. 2 to Schedule 13D ("Amendment") relates to shares of
the common stock (the "Common Stock") of Boatracs, Inc., a California
corporation (the "Company"), whose principal executive offices are located
at 6440 Lusk Boulevard, Suite D201, San Diego, California 92121.
Item 5. Interest in Securities of the Issuer.
(a) As of the date of this Amendment, the number and percentage of the
class of securities identified pursuant to Item 1 above held by the
reporting person is 6,005,027 shares, which represents 48 percent of the
outstanding shares of the class.
(b) The reporting person has the sole power to vote and the sole power
to dispose of all of such shares.
(c) For the sixty days prior to the event requiring filing of the Schedule
13D/A, the reporting person has made the following transactions in the
shares:
Date Number of Shares Sold Price per share
11-20-95 20,000 $1.19
12-13-95 20,000 $1.12
(d) Not applicable.
(e) Not applicable.
<PAGE>
Page 4 of 4
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 correct.
Dated: January 30, 1996
/S/ MICHAEL SILVERMAN
Michael Silverman
