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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION | OMB APPROVAL |
- ----------- Washington, D.C. 20549 | |
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[ ] Check this box if | |
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number |
to Section 16. Filed pursuant to Section 16(a) of the Securities Exchange Act of |Expires: |
Form 4 or Form 5 1934, Section 17(a) of the Public Utility Holding Company Act of |Estimated average burden |
obligations may 1935 or Section 30(f) of the Investment Company Act of 1940 |hours per response |
continue. -----------------------------
See instruction 1(b)
(Print or Type Responses)
<S> <C> <C>
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| |
1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol | 6. Relationship of Reporting
| NetOptix Corporation (formerly known as | Person(s) to Issuer
Magida Stephen A. | Galileo Corporation (Nasdaq: GAEO) | (Check all applicable)
- ----------------------------------------------|--------------------------|-------------------|
(Last) (First) (Middle) | | |
| 3. IRS or Social Se- |4. Statement for | X Director X 10% Owner
105 Harbor Drive, Suite 125 | curity Number of | Month/Year | X Officer __ Other
- ----------------------------------------------| Reporting Person | | (give title (specify
(Street) | (Voluntary) | | below) below)
| | |
| | 12/99 | Secretary
| | | -------------------------
Stamford, CT 06902 | | |
| | |
| |----------------------------------------------------------
| |5. If Amendment, |7. Individual or Joint/Group Filing
| | Date of Original| (Check Applicable Line)
| | (Month/Year) | X Form filed by One Reporting Person
| | | __ Form filed by More than One
| | | Reporting Person
- ----------------------------------------------|-------------------------------------------------------------------------------------
(City) (State) (Zip) | Table I -- Non-Derivative Securities, Acquired, Disposed of, or Beneficially Owned
|
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1. Title of Security |2. Trans- |3.Trans- | 4. Securities Acquired (A) |5. Amount of |6. Owner- | 7. Nature of
(Instr. 3) | action | action | or Disposed of (D) | Securities | ship | Indirect
| Date | Code | | Beneficially | Form: | Bene-
| | | | Owned at | Direct | ficial
| (Month/| | | End of Month | (D) or (I) | Ownership
| Day/ | (Instr. 8)| (Instr. 3, 4 and 5) | | |
| Year) |------|-----|------------------|-----|-------| | |
| | | | |(A)or| | | |
| | Code | V | Amount |(D) |Price | (Instr. 3 and 4)| (Instr. 4) | (Instr. 4)
- -------------------------|----------|------|-----|------------------|-----|-------|-----------------|--------------|----------------
Common Stock, par value | | | | |(1) | (1) | | |
$.01 per share | 12/17/99 |(J)(1)| | 171,465 shares | | | | (I)(1) | (1)
- -------------------------|----------|------|-----|------------------|-----|-------|-----------------|--------------|----------------
Common Stock, par value | | | | | (2) | (2) | | |
$.01 per share | 12/17/99 |(J)(1)| | 3,000,000 shares | | | | (I)(2) | (2)
- -------------------------|----------|------|-----|------------------|-----|-------|-----------------|--------------|----------------
Common Stock, par value | | | | | | | | |
$.01 per share | | | | | | | 3,171,465 | (I)(1)-2) | (1)-(2)
- -------------------------|----------|------|-----|------------------|-----|-------|-----------------|--------------|----------------
Common Stock, par value | | | | | | | | |
$.01 per share | | | | | | | 28,000 | (I)(3) | (3)
- -------------------------|----------|------|-----|------------------|-----|-------|-----------------|--------------|----------------
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- -------------------------|----------|------|-----|------------------|-----|-------|-----------------|--------------|----------------
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- -------------------------|----------|------|-----|------------------|-----|-------|-----------------|--------------|----------------
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- -------------------------|----------|------|-----|------------------|-----|-------|-----------------|--------------|----------------
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Table I - Continued
FORM 4 (Continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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1.Title of |2.(Conver-|3.Trans-|4.Trans-|5.Number of |6.Date Exer- |7.Title and |8.Price |9.Number |10.Owner-|11.Nature
Derivative| sion or | action| action| Derivative | cisable | Amount of | of | of deriv-| ship |of
Security | Exercise| Date | Code | Securities | and | Underlying | Deri- | ative | Form of |Indirect
(Instr. 3)| Price of| |(Instr. | Acquired | Expiration | Securities | vative| Securi- | Deriva- |Benefi-
| Deriv- | | 8) | (A) or Dis- | Date | (Instrs. 3 | Secu- | ties | tive |cial
| ative | | | posed of (D) | (Month/Day/ | and 4) | rity | Benefi- | Secu- |Owner-
| Security| (Month/| | | Year) | | (Instr.| cially | rity: |ship
| | Day/ | |(Instrs. 3,4, | | | 5) | Owned | Direct |(Instr.4
| | Year) | | and 5) | | | | at End | (D) or |
| | | | |--------------|------------------| | of Month | indirect|
| | | | |Date |Expira-| | Amount | | (Instr. 4| (I) |
| | | | |Exer- |tion | Title | or | | |(Instr.4)|
|----------|--------|----|---|--------|-------|cisa- |Date | | Number | | | |
| | | | | | |ble | | | of | | | |
| | | | | | | | | | Shares | | | |
| | |Code| V | (A) | (D) | | | | | | | |
- ------------|----------|--------|----|---|--------|-------|------|-------|--------|---------|--------|----------|---------|---------
Warrant for | $1.50/ |12/17/99|J(1)| | (2) | | | |Stock, |1,000,000| (2) | | (I)(2) | (2)
Common Stock| share | | | | | | | |par | | | | |
| | | | | | | | |value | | | | |
| | | | | | | | |$.01 per| | | | |
| | | | | | | | |share | | | | |
| | | | | | | | | | | | | |
- ------------|----------|--------|----|---|--------|-------|------|-------|--------|---------|--------|----------|---------|---------
Warrant for | | | | | | | | | | | |1,000,000 | (I)(2) | (2)
Common Stock| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
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| | | | | | | | | | | | | |
- ------------|----------|--------|----|---|--------|-------|------|-------|--------|---------|--------|----------|---------|---------
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- ------------|----------|--------|----|---|--------|-------|------|-------|--------|---------|--------|----------|---------|---------
Explanation of Responses:
(1) These securities were transferred by Gerhard R. Andlinger to the Gerhard R. Andlinger Intangible Asset Management Trust
(the "Trust"). Mr. Magida serves as trustee under the Trust and in such capacity, has direct and indirect voting and
dispositive power with respect to such securities. Nothing in this Form 4 shall be deemed an admission that Mr. Magida is, for
purposes of Section 16 of the Securities and Exchange Act of 1934, as amended (the "Securities Act") or otherwise, the
beneficial owner of any securities reported on this Form 4 in which he does not have a pecuniary interest as calculated
pursuant to the rules and regulations promulgated under Section 16 of the Securities Act.
(2) Gerhard R. Andlinger transferred his interest in Andlinger Capital XIII LLC, the entity which directly beneficially owns these
securities, to the Trust. Mr. Magida serves as trustee under the Trust and in such capacity, has direct and indirect voting
and dispositive power with respect to such securities. By virtue of his position as manager of Andlinger Capital XIII LLC, Mr.
Magida also has shared voting and dispositive power over these securities. Nothing in this Form 4 shall be deemed an admission
that Mr. Magida is, for purposes of Section 16 of the Securities Act or otherwise, the beneficial owner of any securities
reported on this Form 4 in which he does not have a pecuniary interest as calculated pursuant to the rules and regulations
promulgated under Section 16 of the Securities Act.
(3) Mr. Magida may be deemed to beneficially own these securities indirectly in his capacity as trustee under certain trusts for
the benefit of members of the family of Gerhard R. Andlinger. Nothing in this Form 4 shall be deemed an admission that Mr.
Magida is, for purposes of Section 16 of the Securities Act or otherwise, the beneficial owner of any securities reported on
this Form 4 in which he does not have a pecuniary interest as calculated pursuant to the rules and regulations promulgated
under Section 16 of the Securities Act.
** Intentional misstatements or omissions of facts constitute By: /s/ Stephen A. Magida 12/17/99
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------------- -----------
** Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a
currently valid OMB Number.
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