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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
[ ] Check this box if no Washington, D.C. 20549 OMB Number: 3235-0287
longer subject to Section STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Expires: September 30, 1998
16. Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities Exchange Act of Estimated average burden
obligations may continue. 1934, Section 17(a) of the Public Utility Holding Company Act of hours per response......0.5
See Instruction 1(b). 1935 or Section 30(f) of the Investment Company Act of 1940
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(Print or Type Responses)
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1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer
Reporting Person* NAI Technologies, Inc. (NATL) (Check all applicable)
Holmes Charles S. X Director X 10% Owner
(Last) (First) (Middle) -- --
__ Officer (give __ Other (specify
title below)
117 Whites Lane below)
(Street) 3. IRS or Social 4. Statement for
Security Number of Month/Year __________________________________
Reporting Person May / 1997
(Voluntary)
5. If Amendment, 7. Individual or Joint/Group Filing (Check
Date of Original Applicable Line)
(Month/Year) X Form filed by One Reporting Person
Southampton, New York 11968 --
(City) (State) (Zip) Form filed by More than One Reporting Person
--
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Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Transaction 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) Date (Month/ Code or Disposed of (D) Securities Form: Direct of Indirect
Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Beneficial
Owned at End Indirect (I) Ownership
Code V Amount (A) or Price of Month (Instr. 4) (Instr. 4)
(D) (Instr. 3
and 4)
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Common Stock, par value
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May P 10,000 A $5.26 207,000 I By Friend
$.10 per share 19/97
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May P 5,000 A $5.385
19/97
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May P 5,000 A $5.385
21/97
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1,000,000 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction
4(b)(v).
(Over)
SEC 1474 (7-96)
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FORM 4 (continued)
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Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
_________________________________________________________________________________________________________________________________
1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative 6. Date
(Instr. 3) or Exercise Date Code Securities Acquired Exercisable
Price of (Month/ (Instr. 8) (A) or Disposed of and
Derivative Day/ (D) (Instr. 3, 4 and Expiration
Security Year) 5) Date
(Month/
Day/
Year)
Date Expira-
Exer- tion
Code V (A) (D) cisable Date
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Common Stock Warrants $3.00 Immed- Feb.
(right to buy) iate 15/02
_________________________________________________________________________________________________________________________________
Common Stock Warrants $2.50 Immed- Feb.
(right to buy) iate 15/02
_________________________________________________________________________________________________________________________________
May 9
1997 P 5,000
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Common Stock Options $3.44 Aug. Aug.
(right to buy) 7/97 7/06
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1. Title of Derivative Security 7. Title and 8. Price of 9. Number of 10. Ownership 11. Nature
(Instr. 3) Amount of Derivative Derivative Form of of Indirect
Underlying Security Securities Derivative Beneficial
Securities (Instr. 5) Beneficially Security: Ownership
(Instr. 3 Owned at Direct (D) (Instr. 4)
and 4) End of or
Month Indirect(I)
Title Amount or (Instr. 4) (Instr. 4)
Number of
Shares
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Common Stock Warrants Common 300,000 300,000 D
(right to buy) Stock
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Common Stock Warrants Common 1,700,000 1,700,000 D
(right to buy) Stock
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42,000 47,000 I By Friend
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5,000 3.01
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Common Stock Options Common 5,000 5,000 D
(right to buy) Stock
___________________________________________________________________________________________________________________________
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Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Charles S. Holmes 5/21/97
____________________________________ ________
**Signature of Reporting Person Date
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SEC 1474 (7-96)
