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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. 4)
CopyTele, Inc.
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(Name of Issuer)
Common Stock, $.01 par value 217721 10 9
- ----------------------------------- -----------------------------------
(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 3, 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 page(s))
(Page 1 of 6 Pages)
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CUSIP No. 217721 10 9 13D Page 2 of 6
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: PF
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: 3,316,970 (1)
SHARES
BENEFICIALLY 8 SHARED VOTING POWER: NONE
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER: 3,316,970 (1)
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE NONE
POWER:
11 AGGREGATE AMOUNT BENEFICIALLY 3,316,970 (1)
OWNED BY REPORTING PERSON:
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES:
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 11.35%
14 TYPE OF REPORTING PERSON: IN
____________________
(1) Includes 914,840 shares which Mr. Krusos has the right
to acquire upon exercise of options granted pursuant to the
Issuer's 1993 Stock Option Plan.
2<PAGE>
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This Statement amends and supplements 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, 2 and 3.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Item 3 is hereby supplemented by the addition of the following:
"From July 5, 1995 through and including June 5, 1996, Mr.
Krusos purchased, for an aggregate of $3,659,605, an aggregate of
613,660 shares of Common Stock from the Corporation pursuant to
the exercise of options granted to Mr. Krusos on June 5, 1987,
January 4, 1995 and May 3, 1995 under the Corporation's 1987 and
1993 Stock Option Plans. 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. See Item 5."
Item 5. Interest in Securities of the Issuer.
------------------------------------
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. Krusos
beneficially owns an aggregate of 3,316,970 shares of Common
Stock, representing 11.35% of the outstanding shares of Common
Stock, including 914,840 shares of Common Stock subject to
options granted under the Corporation's 1993 Stock Option Plan."
"(c) Between April 15, 1996 and June 5, 1996, Mr. Krusos
purchased an aggregate of 237,660 shares of Common Stock and
disposed of an aggregate of 241,660 shares of Common Stock, as
further described in Item 3 above and in Schedule A attached
hereto."
3
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Except for the acquisition and 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 Statement.
4
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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 14, 1996
/s/ Denis A. Krusos
-------------------------
Denis A. Krusos
5
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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 by Mr. Krusos 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
- ------------------- -------------------- ---------------
April 15, 1996 10,000 6.125
April 15, 1996 (10,000) 9.875
April 16, 1996 (4,000) --(1)
April 19, 1996 5,000 6.125
April 19, 1996 (5,000) 9.750
April 22, 1996 5,000 6.125
April 22, 1996 (5,000) 9.750
April 23, 1996 20,000 6.125
April 23, 1996 (20,000) 9.813
April 24, 1996 30,000 6.125
April 24, 1996 (30,000) 10.125
April 26, 1996 17,660 6.125
April 26, 1996 (17,660) 10.321
April 29, 1996 20,000 6.625
April 29, 1996 (20,000) 10.688
April 30, 1996 30,000 6.625
April 30, 1996 (30,000) 11.271
May 1, 1996 20,000 6.625
May 1, 1996 (20,000) 13.438
May 6, 1996 10,000 6.625
May 6, 1996 (10,000) 13.375
May 9, 1996 10,000 6.625
May 9, 1996 (10,000) 13.375
May 23, 1996 20,000 6.625
May 23, 1996 (20,000) 14.688
June 3, 1996 20,000 6.625
June 3, 1996 (20,000) 18.813
June 4, 1996 10,000 6.625
June 4, 1996 (10,000) 19.375
June 5, 1996 10,000 6.625
June 5, 1996 (10,000) 19.375
_________________________
(1) Gift.
6
NYFS11...:\95\38995\0001\1196\SCH6126R.410
