<PAGE>
Filed Pursuant to Rule 424(b)(3)
SEC File No. 33-62381
PROSPECTUS SUPPLEMENT No. 1
(To Prospectus dated September 6, 1995)
COPYTELE, INC.
COMMON STOCK (PAR VALUE $.01 PER SHARE)
14,000,000 SHARES OF COMMON STOCK UNDER THE
COPYTELE, INC. 1993 STOCK OPTION PLAN
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The following table sets forth certain information with respect to the
Selling Shareholders as of June 17, 1996, as follows: (i) the name and position
with the Company within the past three years of each Selling Shareholder; (ii)
the number of shares of Common Stock beneficially owned by each Selling
Shareholder (including shares obtainable under options exercisable within sixty
(60) days of such date); (iii) the number of shares of Common Stock being
offered hereby; and (iv) the number and percentage of the Company's outstanding
shares of Common Stock to be beneficially owned by each Selling Shareholder
after completion of the sale of Common Stock being offered hereby. There is no
assurance that any of the Selling Shareholders will sell any or all of the
shares of Common Stock offered hereby.
<TABLE>
<CAPTION>
Shares Beneficially
Owned After Sale
Selling Shareholder and Position Number of Shares Number of Shares ------------------------
with the Company within the Past Three Years Beneficially Owned* Being Offered Hereby** Number Percent
- -------------------------------------------- ------------------- ---------------------- ------ -------
<S> <C> <C> <C> <C>
Denis A. Krusos - Director, Chairman of the 6,633,940 1,829,680 4,804,260 8.20%
Board and Chief Executive Officer
Frank J. DiSanto - Director and President 6,275,460*** 1,729,680 4,545,780 7.77%
Gerald J. Bentivegna - Director, Vice 61,000 160,000 1,000 0.00%
President-Finance and Chief Financial Officer
Frank W. Trischetta, Senior 158,000 328,000 0 0.00%
Vice President- Marketing and Sales
John R. Shonnard - Director 247,200**** 80,000 167,200 0.29%
John E. Gillies - Director 81,000 60,000 21,000 0.04%
<FN>
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* Includes 37,600 shares and 20,000 shares which John R. Shonnard and John E.
Gillies, respectively, have the right to acquire upon exercise of options
granted pursuant to the CopyTele, Inc. 1987 Stock Option Plan and 1,829,680
shares, 1,729,680 shares, 60,000 shares, 158,000 shares, 80,000 shares and
60,000 shares which Denis A. Krusos, Frank J. DiSanto, Gerald J. Bentivegna,
Frank W. Trischetta, John R. Shonnard and John E. Gillies, respectively, have
the right to acquire upon exercise of options granted pursuant to the 1993 Plan.
** Includes options granted pursuant to the 1993 Plan to Gerald J. Bentivegna
and Frank W. Trischetta to purchase 100,000 shares and 170,000 shares,
respectively, of Common Stock, which options are not currently exercisable
within sixty (60) days of the date hereof.
***Includes 2,000,000 shares of Common Stock held in the Frank J. DiSanto
Revocable Living Trust. Mr. DiSanto is the trustee and has sole voting and
investment power of the trust.
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****Includes 129,600 shares of Common Stock which are held in a revocable trust
by Wells Fargo Bank (successor to First Interstate Bank of California), as
trustee of such trust. Mr. Shonnard and his wife, Janet L. Shonnard, are the
beneficiaries of such trust and, under certain circumstances, may jointly
exercise the voting power and investment power of the trust.
</FN>
</TABLE>
As of June 17, 1996, there were 56,764,366 shares of the Company's Common
Stock outstanding.
All references to amounts of Common Stock have been adjusted to reflect
the two-for-one stock split declared in May 1996 and issued on June 17, 1996 to
stockholders of record at the close of business on June 4, 1996 in the form of a
stock dividend of one share of Common Stock for each share outstanding.
The date of this Prospectus Supplement is June 18, 1996
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