AMERICAN TECHNICAL CERAMICS CORP
SC 13D/A, 1997-12-15
ELECTRONIC COMPONENTS & ACCESSORIES
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                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549


                                 SCHEDULE 13D
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (AMENDMENT NO. 4)(1)

                       AMERICAN TECHNICAL CERAMICS CORP.
- -------------------------------------------------------------------------------
                               (NAME OF ISSUER)

                         Common Stock, $.01 par value
- -------------------------------------------------------------------------------
                        (TITLE OF CLASS OF SECURITIES)

                                   030137103
- -------------------------------------------------------------------------------
                                (CUSIP NUMBER)

                               Kathleen M. Kelly
                       American Technical Ceramics Corp.
                                One Norden Lane
                      Huntington Station, New York 11746
                                (516) 547-5710
- -------------------------------------------------------------------------------
                 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
               AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)

                              September 17, 1997
- -------------------------------------------------------------------------------
            (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 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

- --------
     (1)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 or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act.



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     CUSIP NO. 030137103            13D                   Page 2 of 5 Pages



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.

                                          (Continued on following pages)



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     CUSIP NO. 030137103            13D                   Page 3 of 5 Pages



- ------------------------------------------------------------------------------
| 1  |NAME OF REPORTING PERSONS/S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE  |
|    |PERSONS              Victor Insetta/###-##-####                        |
- ------------------------------------------------------------------------------
| 2  |CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) [ ]           |
|    |                                                     (b) [X]           |
- ------------------------------------------------------------------------------
| 3  |SEC USE ONLY                                                           |
                                                                             |
- ------------------------------------------------------------------------------
| 4  |SOURCE OF FUNDS                                                        |
|    |00                                                                     |
- ------------------------------------------------------------------------------
| 5  |CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO   |
|    |ITEM 2(D) OR 2(E)                                        [ ]           |
- ------------------------------------------------------------------------------
| 6  |CITIZENSHIP OR PLACE OF ORGANIZATION                                   |
|    |U.S.A.                                                                 |
- ---------------------------------------------------------------------------- -
|                | 7  |SOLE VOTING POWER                                     |
|                |    | 2,317,061                                            |
|   Number of    |    |                                                      |
|    Shares      -------------------------------------------------------------
| Beneficially   | 8  |SHARED VOTING POWER                                   |
|   Owned By     |    | 154,000 (See Item 5)                                 |
|     Each       |    |                                                      |
|  Reporting     -------------------------------------------------------------
| Person With    | 9  |SOLE DISPOSITIVE POWER                                |
|                |    | 2,317,061                                            |
|                |    |                                                      |
|                -------------------------------------------------------------
|                |10  |SHARED DISPOSITIVE POWER                              |
|                |    | 154,000 (See Item 5)                                 |
|                |    |                                                      |
- ------------------------------------------------------------------------------
|11  |AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON           |
|    | 2,471,061                                                             |
- ------------------------------------------------------------------------------
|12  |CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  |
|    |                                                          [ ]          |
- ------------------------------------------------------------------------------
|13  |PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                     |
|    | 63.4%                                                                 |
|    |                                                                       |
- ------------------------------------------------------------------------------
|14  |TYPE OF REPORTING PERSON                                               |
|    |IN                                                                     |
- ------------------------------------------------------------------------------


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     CUSIP NO. 030137103              13D                   Page 4 of 5 Pages






                                Amendment No. 4
                                      to
                           Statement on Schedule 13D
                            Pursuant to Rule 13d-1
                                   under the
                  Securities Exchange Act of 1934, as amended

         The undersigned hereby amends Items 5 of the Schedule 13D filed on
October 18, 1985, with respect to the common stock, par value $0.01 per share,
of American Technical Ceramics Corp. Unless otherwise indicated, all defined
terms used herein shall have the same meanings as those set forth in the
previously filed Schedule 13D, as amended. 

Item 5. Interest in Securities of the Issuer.

                  (a) The first paragraph of subparagraph (a) of Item 5 is
hereby amended in its entirety to read as follows:

                  "The aggregate number and percentage of the class of
                  outstanding Common Stock beneficially owned as of September
                  17, 1997 by Insetta is 2,471,061 and 63.4%, respectively.
                  Insetta has sole voting and investment power with respect to
                  2,317,061 of such shares reported as beneficially owned by
                  him."

                  (b) The third sentence of the third paragraph of
subparagraph (a) of Item 5 is hereby amended in its entirety to read as
follows:

         "As of September 17, 1997, the number of shares of Common Stock owned
         by Colandrea that were subject to the Shareholders' Agreement was
         154,000; Mezey sold all of his shares of Common Stock on November 22,
         1985."

Item 7.  Material to be Filed as Exhibits.
         Not applicable.



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     CUSIP NO. 030137103             13D                   Page 5 of 5 Pages


                                  SIGNATURES

         After reasonable inquiry and to the best knowledge and belief of each
person set forth below.  I certify that the information set forth in this
Statement is true, complete and correct.
Dated:   December 15, 1997


                                                      /s/Victor Insetta
                                                         Victor Insetta




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