UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
SEESER, JAMES W.
1115 HULAN DRIVE
COLUMBIA, MO 65203
2. Issuer Name and Ticker or Trading Symbol
OPTICAL COATING LABORATORY INC. (OCLI)
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
11/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Vice President and
Chief Technical Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 11/18/97 M V 6,000 A $10.625000 14,451 D Direct
Common Stock 6,069 I Held by ESOP
<CAPTION>
Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Non-Qualified Stock Option $10.250000 12/16/96 A V 10,000 12/16/97 (1) 12/16/01
(right to buy)
Non-Qualified Stock Option $10.625000 11/18/97 M V 6,000 12/18/93 (2) 12/18/97
(right to buy)
<CAPTION>
Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
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1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Non-Qualified Stock Option 12/16/96 Common Stock 10,000 20,000 D Direct
(right to buy)
Non-Qualified Stock Option 11/18/97 Common Stock 6,000 $14.750000 0 D Direct
(right to buy)
<FN>
Explanation of Responses:
(1)
Granted on 9/15/97 under the Issuer's Incentive Compensation Plans in a transaction exempt under Rule 16b-3. The option grant
carries a vesting schedule whereby one-third of the grant vests on the first anniversary of the grant, with the remaining two-thirds
(2/3) vesting on a monthly basis, on the day of the month the grant was made, over the next two years.
(2)
Employee stock option granted pursuant to Optical Coating Laboratory, Inc.'s 1992 Incentive Compensation (Stock Option) Plan, which
satisfies the requirements of Rule 16b-3. The stock option is exercisable in three annual installments commencing one year from the
date of grant 12/17/93.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ SEESER, JAMES W.
DATE 12/15/97
