FORM 5 Securities and Exchange Commission
Form 3 Holdings Washington, DC 20549
Reported []
Form 4 Transactions
Reported []
Annual Statement of Changes in Beneficial Ownership
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
1. Name and Address of Reporting Person 5. If Amendment, Date of Original
(Month/Year)
Shatsoff Lawrence --
------------------------------------ -------------------------------
(Last) First Middle
39 Hansen Farm Road 6. Relationship of Reporting
------------------------------------ Person(s) to Issuer
(Street) (Check all applicable)
North Haven CT 06473 _X Director __ 10% Owner
------------------------------------ _X Officer __ Other (Specify)
(City) (State) (Zip) (title) below)
Co-President ------------------
-------------
2. Issuer Name and Trading Symbol 7. Individual or Joint/Group
Filing
DCI Telecommunications, Inc. DCTC _X Form filed by One Reporting
------------------------------------ Person
__ Form filed by More than One
3. IRS Identification Number of Reporting Reporting Person
Person, if an entity (Voluntary)
4. Statement for Month/Year
April / 2000
--------------------------
_____________________________________________________________________________
<PAGE>
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned
1. Title 2. Trans- 3.Trans- 4.Securities 5.Amount 6.Owner- 7.Nature
of action action Acquired (A) of ship of
Security Date Code or Disposed Securities Form: Indirect
(Month/ of (D) Beneficially Direct Benef-
Day/ Owned at end or cial
Year) of Issuer's Indirect Owner-
Fiscal Year ship
DCI Telecom.
Common Stock 122,199 D
- ------------ ------- ------- ------------ ---------- -------- -----
<PAGE>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
1.Title of 2.Conver- 3.Trans- 4. Trans- 5.Number of 6.Date
Derivative sion or action Code Deriva- Exer-
Security Exercise date tive cisable
Price of Secur- and
Deri- ities Expir-
vative Acquired ation
Security or Date
Disposed
of
Cod (A) (D) Exer Expire
Options $0.1875 06/28/99 J -- 61000 -- --
- -------------- -------- ------ ----- ---- --- ------ -------
Options $0.1875 -- -- -- 08/09/96 04/12/01
- --------------- -------- ------ ----- ---- --- ------ -------
Options $0.1875 -- -- -- -- 08/16/96 04/12/01
- --------------- -------- ------ ----- ---- --- ------- -------
Options $0.1875 -- -- -- -- 08/23/96 04/12/01
- --------------- -------- ------ ----- ---- --- ------- -------
Options $0.68 -- -- -- -- 10/15/98
thru
04/01/99 06/16/02
- --------------- -------- ------ ----- ---- --- ------- -------
Options $0.81 -- -- -- 06/21/99 06/21/04
- --------------- -------- ------ ----- ----- --- ------- -------
<PAGE>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
7.Title 8. Price 9. Number 10. Owner- 11. Nature
& Amount of of ship of
of Deriv- Deriv- Form Indirect
Underlying ative ative of Benefi-
Securities Security Secur- Deriv- cial
ities ative Owner-
Bene- Secur- ship
ficially ity
Owned at Direct
End of or
Year Indirect
Common -- -- -- --
---------- -------- ------- ------- -------
Common -- 39,000 D --
---------- -------- ------- ------- -------
Common -- 100,000 D --
---------- -------- ------- ------- -------
Common -- 50,000 D --
---------- -------- ------- ------- -------
Common -- 759,545 D --
---------- -------- ------- ------- -------
Common -- 80,000 D --
---------- -------- ------- ------- -------
Explanation of Responses:
All options represent the right to purchase DCI common shares.
Code J: On June 28, 1999, 61,000 options were canceled. No consideration was
received by the reporting individual for the cancellation.
/S/ Lawrence Shatsoff April 19, 2000
_____________________ _________
Signature of Reporting Date
Person
