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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 Sock, $.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)
April 19, 1996
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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 pages
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CUSIP No. 217721 10 9 13D
1 NAME OF REPORTING PERSON: Frank J. DiSanto
S.S. OR I.R.S. IDENTIFICATION NO. S.S. # ###-##-####
OF ABOVE PERSON:
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [_]
3 SEC USE ONLY
4 SOURCE OF FUNDS: SEE ITEM 3
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: 3,077,730<1>
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: NONE
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 3,077,730<1>
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE NONE
POWER:
11 AGGREGATE AMOUNT BENEFICIALLY 3,077,730<1>
OWNED BY REPORTING PERSON:
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [x]
EXCLUDES CERTAIN SHARES:
SEE ITEM 5
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 11.10%
14 TYPE OF REPORTING PERSON: IN
<1> Includes 804,840 shares which Mr. DiSanto has the
right to acquire upon exercise of options granted pursuant
to the Issuer's 1993 Stock Option Plan.
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This Statement amends and supplements the Statement on Schedule
13D previously filed with the Securities and Exchange Commission on June
30, 1995 by Frank J. DiSanto, 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 No. 1
and No. 2.
Item 3. Source and Amount of Funds or Other Consideration.
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Item 3 is hereby supplemented by the addition of the following:
"From February 21, 1996 through and including April 19,
1996, Mr. DiSanto purchased, for an aggregate of $1,205,355.00,
an aggregate of 195,160 shares of Common Stock from the
Corporation pursuant to the exercise of options granted to Mr.
DiSanto on January 4, 1995 and May 3, 1995 under the
Corporation's 1993 Stock Option Plan. The funds for the purchase
of such shares (which previously were reported as being
beneficially owned) were from the proceeds of sales of an
equivalent number of shares pursuant to a Registration Statement
on Form S-8 under the Securities Act of 1933, as amended
($1,205,355.00 of which were borrowed by Mr. DiSanto, pending
settlement of the trades, from Dean Witter Reynolds, Inc., the
broker effecting the sales, pursuant to margin loans having
customary terms). See Item 5."
Item 5. Interest in Securities of the Issuer.
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Item 5 is hereby (i) amended by deleting paragraph (a) thereof
and replacing it with the following paragraph (a) and (ii) supplemented by
the addition of the following paragraph (c):
"(a) As of the date of this Statement, Mr. DiSanto
beneficially owns an aggregate of 3,077,730 shares of Common
Stock, representing 11.10% of the outstanding shares of Common
Stock, including 804,840 shares of Common Stock subject to
options granted under the Corporation's 1993 Stock Option Plan,
but not including 100,000 shares of Common Stock subject to
options granted to Mr. DiSanto on March 21, 1996 under the
Corporation's 1993 Stock Option Plan which are not exercisable
until March 21, 1997. "
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"(c) Between February 21, 1996 and April 19, 1996, Mr.
DiSanto purchased an aggregate of 195,160 shares of Common Stock
and disposed of an aggregate of 345,160 shares of Common Stock,
as further described in Item 3 above and in Schedule A attached
hereto. (Schedule A also includes purchases by Mr. DiSanto
between May 10, 1995 and June 27, 1995, which were inadvertently
omitted from Schedule A to Amendment No. 2)."
Except for the acquisition and disposition of shares of Common
Stock described herein and in Schedule A attached hereto, Mr. DiSanto has
not effected any transactions in shares of Common Stock during the sixty
days preceding the date of this Statement.
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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: April 23, 1996
/s/ Frank J. DiSanto
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Frank J. DiSanto
NYFS11...:\95\38995\0001\1196\SCH4226X.330
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SCHEDULE A
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The details of transactions effected in the Common Stock of the
Corporation during the past sixty days (and purchases during the sixty day
period covered by Amendment No. 2, which were inadvertently omitted from
Schedule A to Amendment No. 2) by Mr. DiSanto are set forth below. Except
as otherwise indicated, all dispositions were sales effected on the NASDAQ-
National Market and the Price Per Share excludes broker's commissions, and all
purchases were effected through the exercise of options in accordance with
the Corporation's 1993 Stock Option Plan.
Number of Shares
Date of Transaction Purchased/(Disposed) Price Per Share
- ------------------- ---------------- ---------------
May 10, 1995 20,000 $5.50
May 23, 1995 20,000 5.50
June 6, 1995 10,000 5.50
June 8, 1995 40,000 5.50
June 14, 1995 10,000 5.50
June 19, 1995 10,000 5.50
June 20, 1995 10,000 5.50
June 22, 1995 10,000 5.50
June 26, 1995 10,000 5.50
June 27, 1995 40,000 5.50
February 21, 1996 10,000 6.125
February 21, 1996 (10,000) 10.375
March 14, 1996 13,500 6.125
March 14, 1996 (11,000) 9.750
March 14, 1996 (2,500) 9.875
March 15, 1996 32,500 6.125
March 15, 1996 (32,500) 9.750
March 18, 1996 5,000 6.125
March 18, 1996 (5,000) 9.750
March 20, 1996 (50,000) --(1)
March 22, 1996 35,000 6.125
March 22, 1996 (30,000) 9.750
March 22, 1996 (5,000) 9.875
March 25, 1996 10,000 6.125
March 25, 1996 (10,000) 9.750
March 26, 1996 10,000 6.125
March 26, 1996 (10,000) 9.813
March 28, 1996 20,000 6.125
March 28, 1996 (10,000) 9.750
March 28, 1996 (10,000) 9.813
March 29, 1996 25,000 6.125
March 29, 1996 (12,500) 9.750
March 29, 1996 (12,500) 9.875
April 2, 1996 8,160 6.125
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April 2, 1996 (8,160) 9.750
April 3, 1996 6,000 6.125
April 3, 1996 (6,000) 9.750
April 10, 1996 10,000 6.625
April 10, 1996 (10,000) 9.750
April 16, 1996 10,000 6.625
April 16, 1996 (10,000) 9.875
April 19, 1996 (100,000) --(1)
_________________________
(1) Gift.
NYFS11...:\95\38995\0001\1196\SCH4226X.330
