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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
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(Amendment No. 3)
CopyTele, Inc.
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(Name of Issuer)
Common Stock, $.01 par value 217721 10 9
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(Title of class of securities) (CUSIP number)
Anne Rotondo, Corporate Secretary, CopyTele, Inc.
900 Walt Whitman Road, Huntington Station, NY 11746
(516) 549-5900
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(Name, address and telephone number of person authorized to receive
notices and communications)
June 22, 1995
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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 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: When filing this statement in paper format, six copies of this
statement, including exhibits, should be filed with the Commission. See
Rule 13d-1(a) for other parties to whom copies are to be sent.
(Continued on following page(s))
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CUSIP No. 217721 10 9 13D
1 NAME OF REPORTING PERSON: Denis A. Krusos
S.S. OR I.R.S. IDENTIFICATION NO. ###-##-####
OF ABOVE PERSON:
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [_]
3 SEC USE ONLY
4 SOURCE OF FUNDS: N/A
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS [_]
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):
6 CITIZENSHIP OR PLACE OF USA
ORGANIZATION:
NUMBER OF 7 SOLE VOTING POWER: 3,334,630 (1)
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: NONE
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 3,334,630 (1)
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE NONE
POWER:
11 AGGREGATE AMOUNT BENEFICIALLY 3,334,630 (1)
OWNED BY REPORTING PERSON:
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [x]
EXCLUDES CERTAIN SHARES:
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 12.70%
14 TYPE OF REPORTING PERSON: IN
(1) Includes 878,500 shares which Mr. Krusos has the right
to acquire upon exercise of options granted pursuant to the
Issuer's 1987 Stock Option Plan and the Issuer's 1993 Stock
Option Plan.
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This Statement amends and restates in part the Statement on
Schedule 13D previously filed with the Securities and Exchange
Commission on January 28, 1993 by Denis A. Krusos, regarding his
beneficial ownership of common stock, $.01 par value ("Common Stock"),
of CopyTele, Inc., a Delaware corporation (the "Corporation"), as
previously amended by Amendments Nos. 1 and 2 thereto.
Item 1. Security and Issuer.
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This Statement relates to the Common Stock. The address of
the principal executive office of the Corporation is 900 Walt Whitman
Road, Huntington Station, New York 11746.
Item 2. Identity and Background.
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(a)-(c) This statement is filed by Denis A. Krusos, whose
business address is CopyTele, Inc., 900 Walt Whitman Road, Huntington
Station, NY 11746. Mr. Krusos is the Chairman of the Board, Chief
Executive Officer and a Director of the Corporation, which is located
at the address stated in Item 1. The Corporation, a development stage
enterprise, is engaged in the design and development of
telecommunications products incorporating its ultra-high resolution
charged particle (electrophoretic) flat panel display screen for the
receipt and transmission of text, facsimile, graphics and pictures.
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(d)-(e) During the last five years, Mr. Krusos (i) has not
been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors) and (ii) was not a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction as a result of which he was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or
finding any violations with respect to such laws.
(f) Mr. Krusos is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
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N/A
Item 4. Purpose of Transaction.
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Mr. Krusos has acquired his shares of Common Stock in order
to obtain and/or increase his equity position in the Corporation for
investment purposes and to provide capital to the Corporation.
Depending on the price and availability of shares of Common Stock,
future developments at the Corporation, other investment and business
opportunities available to Mr. Krusos, and general economic
conditions, Mr. Krusos may determine to purchase, in the open market,
in privately negotiated transactions, or otherwise, additional shares
of Common Stock. Depending on such factors, Mr. Krusos may also
determine to sell in the open market, in privately negotiated
transactions, or otherwise, all or a part of his shares of Common
Stock.
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Except as set forth above, Mr. Krusos has no present plans
or intentions which would result in or relate to any of the
transactions described in subparagraphs (a) through (j) of Item 4 of
Schedule 13D.
Item 5. Interest in Securities of the Issuer.
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(a) As of the date of this Statement, Mr. Krusos
beneficially owns an aggregate of 3,334,630 shares of Common Stock,
representing 12.70% of the outstanding shares of Common Stock,
including 878,500 shares of Common Stock subject to options granted
under the Corporation's 1987 and 1993 Stock Option Plans, but not
including 200,000 shares of Common Stock subject to options granted
to Mr. Krusos on January 4, 1995 under the Corporation's 1993 Stock
Option Plan which are not exercisable until January 4, 1996.
(b) Mr. Krusos has the sole power to vote, direct the
voting of, dispose of and direct the disposition of, such shares of
Common Stock.
(c) On June 5, 1995, June 22, 1995 and June 26, 1995,
respectively, Mr. Krusos sold an aggregate of 100,000 shares of Common
Stock, as further described in Schedule A attached hereto.
Except for the disposition of shares of Common Stock
described herein and in Schedule A attached hereto, Mr. Krusos has not
effected any transactions in shares of Common Stock during the sixty
days preceding the date of this Third Amendment.
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(d) No other person has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale
of, shares of Common Stock beneficially owned by Mr. Krusos.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
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with Respect to Securities of the Issuer.
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None
Item 7. Materials to be Filed as Exhibits.
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None
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SIGNATURE
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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: June 27, 1995
/s/ Denis A. Krusos
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Denis A. Krusos
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SCHEDULE A
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Mr. Krusos sold an aggregate of 100,000 shares of Common
Stock during the sixty days preceding the date of this Third
Amendment, as further described below. All sales were effected on the
NASDAQ-National Market. The Price Per Share excludes broker's
commissions.
<TABLE>
<CAPTION>
Date of Transaction Number of Shares Price Per Share
------------------- ---------------- ---------------
<S> <C> <C>
June 5, 1995 15,000 $6.6250
June 5, 1995 10,000 6.6875
June 5, 1995 5,000 6.7500
June 22, 1995 15,000 7.5000
June 22, 1995 36,000 7.3750
June 26, 1995 19,000 7.5000
</TABLE>
