<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.5)
SPECTRAN CORPORATION
(Name of Issuer)
Common Stock, Par Value, $0.01 Per Share
(Title of Class of Securities)
847598109
(CUSIP Number)
Gaetano J. Casillo
Allen & Company Incorporated
711 Fifth Avenue, New York, New York 10022, (212) 830-8300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 2, 1996
(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 13-d-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: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* 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 purposes of Section 18 of the Securities Exchange
Act of 1934 ("Act") 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).
Page 1 of 19
<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 847598109 Page 2 of 19
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==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Allen Holding Inc.
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- -----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -----------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
350,000 (Represents shares issuable pursuant to Common Stock
Purchase Warrants)
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
HC
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 847598109 Page 3 of 19
- ------------------- -----------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Allen & Company Incorporated
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
- -----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [ ]
- -----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- ------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
350,000 (Represents shares issuable pursuant to Common Stock
Purchase Warrants)
- -----------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- -----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
350,000 (Represents shares issuable pursuant to Common Stock
Purchase Warrants)
- -----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
350,000 (Represents shares issuable pursuant to Common Stock
Purchase Warrants)
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO, BD.
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE> Page 4 of 19
SCHEDULE 13D
Item 1. Security and Issuer
(a) Class of Securities: Common Stock, par value,
$0.01 per share ("Common Stock")
(b) Issuer: Spectran Corporation (the "Issuer")
50 Hall Road
Sturbridge, MA 01566
Item 2. Identity and Background
a. Name: Allen & Company Incorporated ("ACI")
See Exhibit A for Officers and Directors of ACI.
ACI, a New York corporation is a wholly-owned
subsidiary of Allen Holding Inc., a Delaware
corporation.
b. Address: 711 Fifth Avenue
New York, New York 10022
c. Business or
occupation: Investment Banking
d. Neither ACI, nor any individual listed in Exhibit A attached hereto,
has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) during the past five years.
e. During the last five years, neither ACI, nor any individual listed
in Exhibit A attached hereto, was a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a
result of such proceeding 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. Citizenship
or Place of
Organization: New York
Citizenship of the Officers and
Directors of ACI is set forth in Exhibit
A hereto.
a. Name: Allen Holding Inc. ("AHI")
See Exhibit A for Officers and Directors
of Allen Holding Inc.
b. Address: 711 Fifth Avenue
<PAGE> Page 5 of 19
New York, New York 10022
c. Business or
occupation: Holding Company
d. Neither AHI nor any individual listed in Exhibit A attached hereto,
has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) during the past five years.
e. During the last five years, neither AHI nor any individual listed in
Exhibit A attached hereto, was a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as a
result of such proceeding 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. Citizenship or
Place of
Organization: Delaware
Citizenship of the Officers and
Directors of Allen Holding Inc. is set
forth in Exhibit A hereto.
<PAGE>
<PAGE> Page 6 of 19
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on May 8, 1996, the Reporting
Persons, by virtue of the language of Rule 13d-3(d)(1)(i), may be deemed to
own beneficially in the aggregate the number and percentage of the Issuer's
Common Stock set forth opposite their names below (based upon the number of
Shares of Common Stock that were reported to be outstanding by the Issuer).
<PAGE>
<PAGE> Page 7 of 19
<TABLE>
<CAPTION>
==============================================================================
Name Shares of Common Stock Percentage
- -----------------------------------------------------------------------------
<S> <C> <C>
Allen Holding Inc. 350,000(1) 6.3%
- -----------------------------------------------------------------------------
Allen & Company Incorporated(1) 350,000(1) 6.3%
- ---------------------------------------------------------------------------
==============================================================================
</TABLE>
(1) Represents shares issuable pursuant to Common Stock Purchase
Warrants
(b) ACI has sole power to vote and determine the disposition of the
Shares which ACI owns as reported in Item 5(a) herein. AHI owns 100% of the
outstanding stock of ACI, and so may be deemed to beneficially own the Shares
which ACI owns as reported in Item 5(a) herein. However, AHI disclaims
beneficial ownership of the Shares.
(c) The Reporting Persons are filing this report because they have
sold shares of the Issuer's Common Stock in open market transactions. The
following sets forth the transactions effected during the past 60 days:
<TABLE>
==============================================================================
Trade Date Number of Shares Price Per Share ($)
- -----------------------------------------------------------------------------
<S> <C> <C>
4/29/96 28,357 13.15
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5/1/96 25,000 12.42
- -----------------------------------------------------------------------------
5/2/96 10,000 11.98
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5/3/96 30,000 11.90
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5/6/96 50,000 12.50
- -----------------------------------------------------------------------------
5/7/96 20,000 12.80
- -----------------------------------------------------------------------------
- ---------------------
</TABLE>
<PAGE>
<PAGE> Page 8 of 19
(d) To the best of Reporting Persons' knowledge, except as set forth
herein, 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, any shares of
Common Stock which Reporting Persons may be deemed to own beneficially.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of Issuer
(a.) Not Applicable
Item 7. Material to be filed as Exhibits
Exhibit A -- Directors and Executive Officers of Allen Holding Inc.
and Allen & Company Incorporated.
Exhibit B -- Joint Filing Agreement dated May 8, 1996.
<PAGE>
<PAGE> Page 9 of 19
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: May 8, 1996
ALLEN HOLDING INC.
By: -------------------------
Gaetano J. Casillo
Vice President
ALLEN & COMPANY INCORPORATED
By: -------------------------
Gaetano J. Casillo
Vice President
<PAGE>
<PAGE> Page 10 of 19
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: May 8, 1996
ALLEN HOLDING INC.
By: /s/ Gaetano J. Casillo
- ----------------------------------------
Gaetano J. Casillo
Vice President
ALLEN & COMPANY INCORPORATED
By: /s/ Gaetano J. Casillo
- ----------------------------------------
Gaetano J. Casillo
Vice President<PAGE>
<PAGE> Page 11 of 19
EXHIBIT A
OFFICERS AND DIRECTORS OF ALLEN & COMPANY INCORPORATED
Name** Business Principal Occupation (i.e.,
Address Position with Allen & Company
Incorporated
Herbert A. Allen * President, Managing Director,
Director, Chief Executive Officer
Herbert A. Allen III * Vice President - Elect, Director
Grace Allen * Director
Eran S. Ashany * Vice President, Director
Soledad Bastiancich * Vice President - Elect
Samuel H. Baker * Vice President - Elect, Director
Jonathan S. Bean * Vice President - Elect
Robert E. Beers * Vice President - Elect
Edmund M. Bleich * Vice President
Denise Calvo-Silver * Vice President, Director
Dominick J. Cantalupo * Co-Chief Operations Officer, Vice
President
Marvyn Carton * Director - Emeritus
Gaetano J. Casillo * Chief Compliance Officer, Vice
President
Robert H. Cosgriff * Chief Administrative Officer,
Executive Vice President, Managing
Director, Director
Richard M. Crooks, Jr. * Director
Thalia V. Crooks * Vice President, Director
Mary L. Cullen * Vice President, Secretary, Director
Orin F. Devereux * Vice President, Director
<PAGE>
<PAGE> Page 12 of 19
Name** Business Principal Occupation (i.e.,
Address Position with Allen & Company
Incorporated
Howard M. Felson * Assistant Secretary, Vice President
Anthony J. Ferrante * Treasurer
Richard Fields * Executive Vice President - Elect,
Managing Director, Director
Paul A. Gould * Executive Vice President, Managing
Director, Director
John G. Hall * Vice President - Elect, Director
Daniel P. Harley * Vice President - Elect
John H. Josephson * Vice President, Director
Clark R. Keough * Vice President - Elect, Director
Donald R. Keough * Chairman of the Board, Director
Dara Khosrowshahi * Vice President - Elect, Director
Kaveh A. Khosrowshahi * Vice President - Elect, Director
Neal Kopp * Vice President
Irwin H. Kramer * Executive Vice President, Managing
Director, Director
Terry Allen Kramer * Director
Suzanne G. Kucera * Vice President - Elect, Director
Robert J. Kurz * Vice President
P. Don Lattimer * Director
William F. Leimkuhler * Assistant Secretary, Vice President
- Elect, Counsel
Jeffrey J. Logan * Vice President
Sharon K. Losee * Vice President - Elect
Dan W. Lufkin * Special Advisor to the Board of
Directors
<PAGE>
<PAGE> Page 13 of 19
Name** Business Principal Occupation (i.e.,
Address Position with Allen & Company
Incorporated
Ellen F. Lynch * Vice President
Robert A. Mackie * Executive Vice President, Managing
Director, Director
James C. Maiden, Jr. * Vice President
Raymond J. Martin * Vice President - Elect, Director
Terence A. McCarthy * Co-Chief Operations Officer, Vice
President
Robert C. Miller * Vice President - Elect, Director
Brian J. Murphy * Vice President, Director
Louis J. Mustacchio * Vice President - Elect
Walter T. O'Hara, Jr. * Executive Vice President, Managing
Director, Director
Glenn A. Okun * Vice President, Director
Nancy B. Peretsman * Executive Vice President, Managing
Director, Director
Patrick S. Perry * Vice President - Elect, Director
Pamela M. Plager * Vice President - Elect, Director
Eugene Protash * Vice President - Elect
James W. Quinn * Chief Financial Officer, Director,
Vice President, Assistant Secretary
Philip D. Scaturro * Executive Vice President, Managing
Director, Director
John A. Schneider * Executive Vice President, Managing
Director, Director
Enrique F. Senior * Executive Vice President, Managing
Director, Director
<PAGE>
<PAGE> Page 14 of 19
Name** Business Principal Occupation (i.e.,
Address Position with Allen & Company
Incorporated
Stanley S. Shuman * Executive Vice President, Managing
Director, Director
John M. Simon * Executive Vice President, Managing
Director, Director
Daniel Selmonosky * Vice President - Elect, Director
Ian G. Smith * Vice President - Elect
Lauren M. Tyler * Vice President - Elect, Director
Dennis J. Warfield * Vice President - Elect
Kim M. Weiland * Vice President - Elect, Director
Edward D. Weinberger * Vice President, Director
Harold M. Wit * Executive Vice President, Managing
Director, Director
* 711 Fifth Avenue, New York, New York 10022-3194.
** All the Executive Officers and Directors of Allen & Company
Incorporated are U.S. citizens unless otherwise indicated.
<PAGE>
<PAGE>
Page 15 of 19
OFFICERS AND DIRECTORS
OF ALLEN HOLDING INC.
Name** Business Principal Occupation (i.e.,
Address Position with Allen Holding Inc.)
Herbert A. Allen * President, Managing Director,
Director, Chief Executive Officer
Herbert A. Allen, III * Vice President - Elect, Director
Grace Allen * Director
Eran S. Ashany * Vice President
Samuel H. Baker * Vice President - Elect
Soledad Bastiancich * Vice President - Elect
Jonathan S. Bean * Vice President - Elect
Robert E. Beers * Vice President - Elect
Edmund M. Bleich * Vice President
Denise Calvo-Silver * Vice President, Director
Dominick J. Cantalupo * Co-Chief Operations Officer, Vice
President
Marvyn Carton * Director - Emeritus
Gaetano J. Casillo * Chief Compliance Officer, Vice
President
Robert H. Cosgriff * Chief Administrative Officer,
Executive Vice President, Managing
Director, Director
Richard M. Crooks, Jr. * Director
Thalia V. Crooks * Vice President, Director
Mary L. Cullen * Vice President, Secretary, Director
Orin F. Devereux * Vice President, Director
<PAGE>
<PAGE> Page 16 of 19
Name** Business Principal Occupation (i.e.,
Address Position with Allen & Company
Incorporated
Howard M. Felson * Assistant Secretary, Vice President
Anthony J. Ferrante * Treasurer
Richard L. Fields * Executive Vice President - Elect,
Managing Director, Director
Executive Vice President, Managing
Director, Director
John G. Hall * Vice President - Elect, Director
Daniel P. Harley * Vice President - Elect
John H. Josephson * Vice President, Director
Donald R. Keough * Chairman, Director
Clark R. Keough * Vice President - Elect, Director
Dara Khosrowshahi * Vice President - Elect, Director
Kaveh A. Khosrowshahi * Vice President - Elect, Director
Neal Kopp * Vice President
Irwin H. Kramer * Executive Vice President, Managing
Director, Director
Terry Allen Kramer * Director
Suzanne G. Kucera * Vice President - Elect, Director
Robert J. Kurz * Vice President
P. Don Lattimer * Executive Vice President, Managing
Director, Director
William F. Leimkuhler * Assistant Secretary, Vice President
- Elect, Counsel
Jeffrey J. Logan * Vice President
Sharon K. Losee * Vice President - Elect
Dan W. Lufkin * Special Advisor to the Board of
Directors
Ellen F. Lynch * Vice President
<PAGE>
<PAGE> Page 17 of 19
Name** Business Principal Occupation (i.e.,
Address Position with Allen & Company
Incorporated
Robert A. Mackie * Executive Vice President, Managing
Director, Director
James C. Maiden, Jr. * Vice President
Raymond J. Martin * Vice President - Elect, Director
Terence C. McCarthy * Co-Chief Operations Officer, Vice
President Vice President - Elect,
Director
Brian J. Murphy * Vice President, Director
Louis J. Mustacchio * Vice President - Elect
Walter T. O'Hara * Executive Vice President, Managing
Director, Director
Glenn A. Okun * Vice President, Director
Nancy B. Peretsman * Executive Vice President, Managing
Director, Director
Patrick S. Perry * Vice President - Elect, Director
Pamela M. Plager * Vice President - Elect, Director
Eugene Protash * Assistant Secretary, Vice President
- Elect
James W. Quinn * Chief Financial Officer, Vice
President, Assistant Secretary,
Director
Philip D. Scaturro * Executive Vice President, Managing
Director, Director
John A. Schneider * Executive Vice President, Managing
Director, Director
Daniel Selmonosky * Vice President - Elect, Director
Enrique F. Senior * Executive Vice President, Managing
Director, Director
Stanley S. Shuman * Executive Vice President, Managing
Director, Director
<PAGE>
<PAGE> Page 18 of 19
Name** Business Principal Occupation (i.e.,
Address Position with Allen & Company
Incorporated
John M. Simon * Executive Vice President, Managing
Director, Director
Ian G. Smith * Vice President - Elect
Lauren M. Tyler * Vice President - Elect, Director
Dennis J. Warfield * Vice President - Elect
Kim M. Weiland * Vice President - Elect, Director
Edward D. Weinberger * Vice President, DirectorExecutive
Vice President, Managing Director,
Director
* 711 Fifth Avenue, New York, New York 10022-3194.
** All the Executive Officers and Directors of Allen Holding
Inc. are U.S. citizens unless otherwise indicated.
<PAGE>
<PAGE> Page 19 of 19
EXHIBIT B
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities Exchange Act of
1934, as amended, the persons named below agree to the joint filing on behalf
of each of them of a Statement on Schedule 13D (including amendments thereto)
with respect to the Common Stock, par value $.01 per Share, of Spectran
Corporation and further agree that this Joint Filing Agreement be included as
an Exhibit to such joint filings. In evidence thereof, the undersigned, being
duly authorized, have executed this Joint Filing Agreement this 8th day of May
1996.
ALLEN HOLDING INC.
/s/ Gaetano J. Casillo
By:------------------------------
Gaetano J. Casillo
Vice President
ALLEN & COMPANY INCORPORATED
/s/ Gaetano J. Casillo
By:------------------------------
Gaetano J. Casillo
Vice President
73802
