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)
ZILS, JOSEPH C.
2789 Northpoint Parkway
Santa Rosa, CA 95407-7397
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
June 1997
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,
General Counsel & Acting CFO
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
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<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 12/31/96 J V 220 (1) A $0.0000 (1) 1,958 I Held by ESOP
(1) (1) (1)
Common Stock 06/13/97 M 20,000 A $8.7500 D
Common Stock 06/13/97 S 20,000 D $10.8697 0 D
<CAPTION>
Table II (PART 1) Derivative Securitites 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
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<S> <C> <C> <C> <C> <C> <C> <C>
Non-Qualified Stock Option $8.7500 06/13/97 M 20,000 06/19/93 06/19/97
(right to buy)
Non-Qualified Stock Option $10.2500 12/16/96 A V 10,000 (2) 12/16/97 12/16/01
(right to buy)
Non-Qualified Stock Option $10.1875 03/18/97 A V 15,000 (3) 03/18/98 03/18/02
(right to buy)
<CAPTION>
Table II (PART 2) Derivative Securitites 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 06/13/97 Common Stock 20,000 0 D
(right to buy)
Non-Qualified Stock Option 12/16/96 Common Stock 10,000 10,000 D
(right to buy)
Non-Qualified Stock Option 03/18/97 Common Stock 15,000 15,000 D
(right to buy)
<FN>
Explanation of Responses:
(1)
Shares are acquired at various prices throughout the year by the issuer's qualified Employee Stock Ownership Plan (ESOP) and
allocated to the reporting person's account at calendar year end. The shares are held for the benefit of the reporting person by
the OCLI/401(k)/ESOP Plan.
(2)
Granted on 12/16/96 under 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. The remaining two-thirds (2/3) vest
on a monthly basis, on the day of the month the grant was made, over the next two years.
(3)
Stock options granted on 3/18/97 under the Issuer's 1996 Incentive Compensation Plan in a transaction exempt under Rule 16b-3. The
options carry a vesting schedule whereby one-third (1/3) of the grant vests on the first anniversary of the grant. The remaining
two-thirds (2/3) vest on a monthly basis, on the day of the month the grant was made, over the next two years.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ JOSEPH C. ZILS
DATE
