U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[X] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
IMPRIMIS INVESTORS LLC
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(Last) (First) (Middle)
411 West Putnam Avenue, Suite 125
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(Street)
Greenwich CT 06830
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
INDUSTRIAL IMAGING CORPORATION (INIM)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
10/99
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[_] Form filed by one Reporting Person
[X] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 10/26/99 S 3,000,000 D 0 -0- D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common
Stock
$.01 par
Common Stock value per
Purchase Warrants $1.00/sh 10/26/99 S 250,000 D 11/12/97 11/11/02 share 250,000 * -0- D
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Common
Stock
$.01 par
Common Stock value per
Purchase Warrants $1.00/sh 10/26/99 S 750,000 D 11/21/97 11/20/02 share 750,000 * -0- D
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Common
Stock
$.01 par
Common Stock value per
Purchase Warrants $2.00/sh 10/26/99 S 250,000 D 11/12/97 11/11/02 share 250,000 * -0- D
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Common
Stock
$.01 par
Common Stock value per
Purchase Warrants $2.00/sh 10/26/99 S 750,000 D 11/21/97 11/20/02 share 750,000 * -0- D
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</TABLE>
<PAGE>
Explanation of Responses:
*All of the shares of Common Stock and Common Stock Purchase Warrants were sold
in a prinvate transaction for an aggregate purchase price of $95,000.
IMPRIMIS INVESTORS LLC
By: /s/Arthur H. Amron November 8, 1999
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**Signature of Reporting Person Date
Arthur H. Amron, Senior Vice President
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Page 2
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ATTACHMENT TO FORM 4:
Name of Designated Filer: IMPRIMIS INVESTORS LLC
Name of Joint Filers: Joseph M. Jacobs
Charles E. Davidson
Address of Joint Filers: c/o Wexford Management, LLC
411 West Putnam Avenue
Greenwich, CT06830
Date of Event Requiring Filing: October 26, 1999
Issuer Name and Ticker or Trading Symbol: Industrial Imaging Corporation
(INIM)
/s/Joseph M. Jacobs November 8, 1999
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Joseph M. Jacobs Date
/s/Charles E. Davidson November 8, 1999
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Charles E. Davidson Date
Signature of Reporting Person
