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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. )(1)
LASER PHOTONICS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Warrants for Common Stock and Shares of
Common Stock, $0.01 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
517 903 308
- --------------------------------------------------------------------------------
(CUSIP Number)
Clifford Kalista
4 Falls Corporate Ctr., 6th Floor
W. Conshohocken, PA 19428
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 21, 1999
- --------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [_].
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 4 Pages)
- ----------
(1) 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 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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CUSIP No.517 903 308 13D Page 2 of 4 Pages
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Clifford Kalista ###-##-####
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(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) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
549,500 Shares
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
549,500 Shares
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
549,500 Shares
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.4%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 517 903 308 13D Page 3 of 4 Pages
________________________________________________________________________________
Item 1. Security and Issuer.
Common Stock
Laser Photonics, Inc.
2431 Impala Drive
Carlsbad, CA 92008
________________________________________________________________________________
Item 2. Identity and Background.
CLIFFORD KALISTA
a. Clifford Kalista
b. Pennsylvania Merchant Group Ltd.
4 Falls Corporate Center, 6th Floor
West Conshohocken, Pennsylvania 19428
c. Securities Broker
Pennsylvania Merchant Group Ltd.
4 Falls Corporate Center, 6th Floor
West Conshohocken, Pennsylvania 19428
d. N/A
e. N/A
f. U.S.A.
________________________________________________________________________________
Item 3. and 4. Sources and Amount of Funds or Other Consideration; and Purpose
of Transaction
Clifford Kalista ("Reporting Person") acquired a total of 350,000
shares of Laser Photonics, Inc. ("Issuer") Common Stock in October, 1997, at a
purchase price of $1.00 per share. During 1998 50,500 of such shares were sold
at prices ranging from $3.50 to $4.00 per share.
As of November 25, 1997, the Issuer granted warrants to Reporting
Person's employer, Pennsylvania Merchant Group Ltd. ("PMG") to purchase up to
50,000 shares of Issuer Common Stock at a purchase price of $4.00 per share. As
of December, 1998, pursuant to the terms of such warrants, the exercise price
was reduced to $1.50 per share. These warrants, which are currently exercisable
and which expire on November 25, 2002, were granted by the Issuer as
compensation for services performed by PMG in obtaining financing for the
Issuer. On March 31, 1999, PMG transferred the 50,000 warrants to Reporting
Person as employment compensation.
As of December 15, 1997, PMG was granted warrants to purchase up to
200,000 shares of Issuer Common Stock at a purchase price of $2.00 per share.
These warrants, which are currently exercisable and which expire on December 15,
2003, were granted by the Issuer as compensation for services performed in
obtaining financing for the Issuer. On May 20, 1999, PMG transferred the 200,000
warrants to Reporting Person as employment compensation.
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer.
Clifford Kalista
a. 549,500
b. Sole voting and dispositive powers: 549,500
c. N/A
d. N/A
e. N/A
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
See Items 3 and 4.
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
N.A.
________________________________________________________________________________
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Page 4 of 4
SIGNATURES
After reasonable inquiry and to the best of his knowledge, the
undersigned certifies that the information set forth in this statement is true,
complete and correct as of June 1, 1999.
/s/Clifford Kalista
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Clifford Kalista
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
