TELEBYTE TECHNOLOGY INC
SC 13G, 1997-02-14
COMPUTER COMMUNICATIONS EQUIPMENT
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

  
                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934
                               (Amendment No. 5 )*

                            Telebyte Technology, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                          Common Stock, $.01 Par Value
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    879260107
                                 (CUSIP Number)


Check the following box if a fee is being paid with this  statement / / .  (A
fee is not required only if the filing 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).

*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 the
disclosures provided in a prior cover page.

The information required in 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>



CUSIP No.  879260107                                     13G             
    

- -------- -----------------------------------------------------------------------
   1     NAME OF REPORTING PERSON
         S.S or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                Kenneth S. Schneider
                ###-##-####

- -------- -----------------------------------------------------------------------
   2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                            
 (a)  / /
                   N/A
                                                                    
 (b)  / / 

- -------- -----------------------------------------------------------------------
   3     SEC USE ONLY



- -------- -----------------------------------------------------------------------
   4     CITIZENSHIP OR PLACE OF ORGANIZATION


                   United States

- -------- -----------------------------------------------------------------------
                           5   SOLE VOTING POWER
       NUMBER OF
                                 294,538
        SHARES

                         ----- -------------------------------------------------
                           6   SHARED VOTING POWER
     BENEFICIALLY
                                  0
       OWNED BY

                         ----- -------------------------------------------------
          EACH             7   SOLE DISPOSITIVE POWER

       REPORTING                 294,538


                         ----- -------------------------------------------------
        PERSON             8   SHARED DISPOSITIVE POWER

         WITH                    0

                         ----- -------------------------------------------------
   9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         294,538 (includes 1,500 shares owned of record by Dr. Schneider as 
         custodian for his children)

- -------- -----------------------------------------------------------------------

  10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  SHARES*

                   Not Applicable
- -------- -----------------------------------------------------------------------
  11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                   19.5%
- -------- -----------------------------------------------------------------------
  12     TYPE OF REPORTING PERSON*

                   IN
- -------- -----------------------------------------------------------------------
        *SEE INSTRUCTION BEFORE FILLING OUT!


<PAGE>


Item 1.

(a)  Name of Issuer :               Telebyte Technology, Inc.
(b)  Address of Issuer's Principal Executive Offices :               
     270 East Pulaski Road, Greenlawn, NY 11740

Item 2.

(a)  Name of Person Filing:                 Kenneth S. Schneider
(b)  Address of Principal Business Office or, if none, Residence: 
     270 East Pulaski Road, Greenlawn, NY 11740
(c)  Citizenship :       United States
(d)  Title of Class of Securities : Common Stock, $.01 par value
(e)  CUSIP Number :      879260107

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person filing is a:

         Not Applicable

Item 4.  Ownership

(a)  Amount Beneficially Owned :    294,538 (includes 1,500 shares owned by
     Dr. Schneider as custodian for his children
(b)  Percent of Class :  19.5%
(c)  Number of shares as to which such person has :

       (i)  sole power to vote or to direct the vote :  294,538(a)
      (ii)  shared power to vote or to direct the vote :  0
     (iii)  sole power to dispose or to direct the disposition of :  294,538(a)
      (iv)  shared power to dispose or to direct the disposition of :  0
             (a) Includes 1,500 shares owned as custodian for children

Item 5.  Ownership of Five Percent or Less of a Class

         Not Applicable

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

         Not Applicable

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent Holding Company

         Not Applicable

Item 8.  Identification and Classification of Members of the Group

         Not Applicable


<PAGE>
Item 9.  Notice of Dissolution of Group

          Not Applicable

Item 10.  Certification

          Not Applicable


                                    SIGNATURE

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.


                              February 11, 1997
                                   Date


                              /s/ Kenneth S. Schneider



                             Kenneth S. Schneider, Vice President
                             Name/Title


Attention:        Intentional misstatements or omissions of fact constitute
                  Federal criminal violations (See 18 U.S.C. 1001)



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