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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 15)*
----
COOPER DEVELOPMENT COMPANY
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
216655-10-0
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(CUSIP Number)
Theodore H. Kruttschnitt, 1350 Bayshore Highway,
Suite 850, Burlingame, CA 94010 (415) 348-7400
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 10, 1995
- --------------------------------------------------------------------------------
(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: 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 purpose 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 4 Pages
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CUSIP NO. 216655-10-0 SCHEDULE 13D PAGE 2 OF 4 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Theodore H. Kruttschnitt
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.A.
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SOLE VOTING POWER
7
NUMBER OF 1,089,149
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,089,149
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,089,149
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
30%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 4 Pages
KRUTTSCHNITT/COOPER DEVELOPMENT COMPANY
---------------------------------------
INFORMATION STATEMENT
ON SCHEDULE 13D
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Item 1. Security and Issuer:
- ------- --------------------
Warrants to purchase Common Stock of
Cooper Development Company
16160 Caputo Drive
Morgan Hill, CA 95037
Item 2. Identity and Background:
- ------- ------------------------
(a) Theodore H. Kruttschnitt
(b) 1350 Bayshore Highway, Suite 850, Burlingame, California 94010
(c) Investor. Mr. Kruttschnitt is a Director of Cooper Development
Company.
(d) None
(e) None
(f) U.S.A.
Item 3. Source and Amount of Funds or Other Consideration:
- ------- --------------------------------------------------
The warrants to purchase common stock were issued in consideration of
the provision of a $2,000,000 line of credit and the first draw of $500,000
under such line of credit.
Item 4. Purpose of Transaction:
- ------- -----------------------
Mr. Kruttschnitt is currently reporting the acquisition of
warrants to purchase 625,000 shares of the Issuer's common stock
which warrants were issued in connection with the provision by
Mr. Kruttschnitt of a $2,000,000 line of credit. The warrants to
purchase 625,000 shares of the Issuer's common stock acquired by
Mr. Kruttschnitt and reported hereby were acquired for investment
purposes. Mr. Kruttschnitt is also reporting that he could
acquire warrants to purchase up to
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Page 4 of 4 Pages
an additional 375,000 shares of the Issuer's common stock as the
Issuer draws down the remaining $1,500,000 under the line of
credit.
Item 5. Interest in Securities of the Issuer:
- ------- -------------------------------------
(a) As of November 13, 1995, Mr. Kruttschnitt owned beneficially or
of record 1,089,149 shares (30%) of the Issuer's common stock.
Mr. Kruttschnitt has the right to acquire an additional 728,370
shares of the Issuer's Common Stock upon the conversion of an
aggregate of $1,474,049 principal amount of the Issuer's
promissory notes held by him. If Mr. Kruttschnitt and holders of
the aggregate principal amount of similar notes which are
outstanding were to convert such notes, Mr. Kruttschnitt would
then own an aggregate of 1,817,519 shares (35.73%) of the
Issuer's Common Stock. If, following such conversion of the
notes, Mr. Kruttschnitt and holders of similar warrants which are
currently outstanding were to exercise such warrants, Mr.
Kruttschnitt would then own an aggregate of 2,442,519 shares
(38.55%) of the Issuer's Common Stock.
(b) N/A
(c) N/A
(d) None
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
- ------- ---------------------------------------------------------------------
to Securities of the Issuer:
----------------------------
N/A
Item 7. Material to be filed as Exhibits:
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N/A
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.
November 14, 1995 /s/ Theodore H. Kruttschnitt
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Theodore H. Kruttschnitt
