SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4 )*
Computer Network Technology Corporation
(Name of Issuer)
Common Stock $.01 Par Value
(Title of Class Securities)
204925101
(CUSIP Number)
Check the following box if a fee is being paid with this statement
. (A fee is not required only if the filing 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.)
* 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 the disclosure provided in a
prior cover page.
The information required in 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).
(1)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CUSIP No. 204925101
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
Kopp Investment Advisors, Inc.
I.D. No. 41-1663810
2) Check the appropriate box if a Member of a Group
(See Instructions)
(a)
(b) X
3) SEC Use Only
4) Citizenship or Place of Organization:
Minnesota
Number of shares 5) Sole Voting Power:
Beneficially Owned
by Each Reporting
Person With:
6) Shared Voting Power:
7) Sole Dispositive Power:
8) Shared Dispositive Power:
* 2,648,023
9) Aggregate Amount Beneficially Owned by Each
Reporting Person:
2,648,023
10) Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class Represented by Amount in Row 9:
Approx. 11.6%
12) Type of Reporting Person (See Instructions): IA
*Although Kopp Investment Advisors, Inc. exercises investment discretion as to
these shares, it does not vote the shares and is not the record owner of them.
(2)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CUSIP No. 204925101
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
Kopp Investment Advisors, Inc. Profit Sharing Plan
I.D. No. 41-1663810
2) Check the appropriate box if a Member of a Group
(See Instructions)
(a)
(b) X
3) SEC Use Only
4) Citizenship or Place of Organization:
Minnesota
Number of shares 5) Sole Voting Power: 6,000
Beneficially Owned
by Each Reporting
Person With:
6) Shared Voting Power:
7) Sole Dispositive Power: 6,000
8) Shared Dispositive Power:
9) Aggregate Amount Beneficially Owned by Each
Reporting Person:
6,000
10) Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class Represented by Amount in Row 9:
Less than .1%
12) Type of Reporting Person (See Instructions): EP
(2a)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CUSIP No. 204925101
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
Caring and Sharing Foundation
I.D. No. 36-3485918
2) Check the appropriate box if a Member of a Group
(See Instructions)
(a)
(b) X
3) SEC Use Only
4) Citizenship or Place of Organization:
Minnesota
Number of shares 5) Sole Voting Power: 30,000
Beneficially Owned
by Each Reporting
Person With:
6) Shared Voting Power:
7) Sole Dispositive Power: 30,000
8) Shared Dispositive Power:
9) Aggregate Amount Beneficially Owned by Each
Reporting Person:
30,000
10) Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class Represented by Amount in Row 9:
Approx. .1%
12) Type of Reporting Person (See Instructions): OO
(2b)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CUSIP No. 204925101
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
LeRoy C. Kopp Individual Retirement Account
Social Security No. ###-##-####
2) Check the appropriate box if a Member of a Group
(See Instructions)
(a)
(b) X
3) SEC Use Only
4) Citizenship of Place of Organization:
United States
Number of shares 5) Sole Voting Power: 15,000
Beneficially Owned
by Each Reporting 6) Shared Voting Power:
Person With:
7) Sole Dispositive Power: 15,000
8) Shared Dispositive Power:
9) Aggregate Amount Beneficially Owned by Each
Reporting Person:
15,000
10) Check Box if the Aggregate Amount in Row (9)
Exclude Certain Shares (See Instructions)
11) Percent of Class Represented by Amount in Row 9:
Less than .1%
12) Type of Reporting Person (See Instructions): EP
(2c)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CUSIP No. 204925101
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
LeRoy C. Kopp
Social Security No. ###-##-####
2) Check the appropriate box if a Member of a Group
(See Instructions)
(a)
(b) X
3) SEC Use Only
4) Citizenship of Place of Organization:
United States
Number of shares 5) Sole Voting Power: 21,000
Beneficially Owned
by Each Reporting 6) Shared Voting Power:
Person With:
7) Sole Dispositive Power: 21,000
8) Shared Dispositive Power:
* 2,678,023
9) Aggregate Amount Beneficially Owned by Each
Reporting Person:
2,699,023
10) Check Box if the Aggregate Amount in Row (9)
Exclude Certain Shares (See Instructions)
11) Percent of Class Represented by Amount in Row 9:
Approx. 11.8%
12) Type of Reporting Person (See Instructions): OO
*Although Kopp Investment Advisors, Inc.("KIA") exercises investment discretion
as to 2,648,023 of these shares, neither KIA nor LeRoy C. Kopp (100% owner of
KIA) vote the shares and neither is the record owner of them.
(2d)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Item 1(a). Name of Issuer.
Computer Network Technology Corporation
Item 1(b). Address of Issuer's Principal Executive
Offices.
605 N. Highway 169
Suite 800
Minneapolis, MN 55441
Item 2(a). Name of Person Filing.
1. Kopp Investment Advisors, Inc.
2. Kopp Investment Advisors, Inc. Profit Sharing Plan
3. Caring and Sharing Foundation
4. LeRoy C. Kopp Individual Retirement Account
5. LeRoy C. Kopp
This Statement is filed by Kopp Investment Advisors,
Inc., ("KIA") on behalf of all of the above persons
pursuant to Rule 13d-1(f). Attached is an agreement in
writing among the above persons that this Statement be
so filed on behalf of each of them. KIA is an
investment adviser registered under the Investment
Advisers Act of 1940. The Kopp Investment Advisors,
Inc. Profit Sharing Plan is an employee benefit plan
subject to ERISA for which LeRoy C. Kopp is sole
trustee. LeRoy C. Kopp controls Caring and Sharing
Foundation, a family foundation; KIA and his individual
retirement account.
Item 2(b),2(c),2(d), and 2(e). Address of Principal Business Office;
Citizenship; Title of Class of Securities; CUSIP Number.
All reporting persons may be contacted at 6600 France
Avenue South, Suite 672, Edina, MN 55435. Kopp
Investment Advisors, Inc. is a Minnesota corporation.
Kopp Investment Advisors, Inc. Profit Sharing Plan and
Caring and Sharing Foundation are domiciled in
Minnesota. Mr. Kopp is a United States citizen. This
report pertains to the Common Shares, $.01 par value,
of Computer Network Technology Corporation,
CUSIP #204925101.
Item 3. This statement is filed pursuant to
Rule 13d-1(b), or 13d-2(b). The persons
filing include an investment adviser registered
under Section 203 of the Investment Advisors Act
of 1940. The other reporting persons are filing
under Rule 13d-1(b)(ii)(G) and/or certain SEC
no-action letters.
(3)
Item 4. Ownership as of 04/30/96:
The information contained in Items 5 - 11 on the
cover pages is incorporated herein by reference.
The persons filing disclaim beneficial ownership of
shares held in fiduciary or representative capacity.
The filing of this Statement shall not be construed
as an admission that the persons filing are beneficial
owners of the shares covered by this Statement for
purposes of Sections 13, 14 or 16 of the Securities
Exchange Act of 1934, as amended.
Item 5. Ownership of Five Percent or Less of a
Class.
N/A
Item 6. Ownership of More than Five Percent on
Behalf of Another Person.
Of the shares covered by this Statement, 2,684,023 are held in a
fiduciary or representative capacity. Accordingly, persons other than
the reporting persons have the right to receive, or the power to direct
the receipt of, dividends from, or the proceeds from the sale of, such
sales. No person individually has an interest that relates to more than
five percent of the class.
Item 7. Identification and Classification of the
Subsidiary which Acquired the Security
Being Reported on By the Parent Holding
Company.
Mr. Kopp is the sole owner of
Kopp Investment Advisors, Inc. and his
individual retirement account.
Item 8. Identification and Classification of
Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
(4)
Item 10. Certification.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and were
not acquired for the purpose of and do not have the
effect of changing or influencing the control of the
issuer of such securities and were not acquired in
connection with or as a participant in any transaction
having such purposes or effect.
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.
Date: 5/7/96
KOPP INVESTMENT ADVISORS, INC.
By:
Donald B. Cornelius, Secretary/Treasurer
(5)
AGREEMENT
The undersigned hereby agrees that the Statement on Schedule 13G
to which this Agreement is attached be filed on behalf of Kopp
Investment Advisors, Inc., a Minnesota corporation; LeRoy C. Kopp, who
holds 100% of the outstanding capital stock of Kopp Investment
Advisors, Inc., and the LeRoy C. Kopp Individual Retirement Account:
Kopp Investment Advisors, Inc. Profit Sharing Plan, by LeRoy C. Kopp
as sole trustee; and Caring and Sharing Foundation, by LeRoy C. Kopp
as trustee.
Dated: 5/7/96
KOPP INVESTMENT ADVISORS, INC.
By:
LeRoy C. Kopp
Title: President
LeRoy C. Kopp for himself and his
individual retirement account
KOPP INVESTMENT ADVISORS, INC.
PROFIT SHARING PLAN
By:___________________________________
LeRoy C. Kopp as Sole Trustee
CARING AND SHARING FOUNDATION
By:___________________________________
LeRoy C. Kopp as Trustee
(6)
