UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. (4))*
LOGIC DEVICES INCORPORATED
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
541402 10 3
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing 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 13d-7).
*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 the disclosures provided in a prior cover page.
The information required in 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 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
<PAGE>
CUSIP NO. 541402 10 3 13G PAGE 2 OF 5 PAGES
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Howard L. Farkas
###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Colorado
NUMBER OF 5 SOLE VOTING POWER
SHARES 100,000 shares of Common Stock, no par value, of Logic
BENEFICIALLY Devices Incorporated ("Common Stock") underlying
unexercised
OWNED BY warrants
EACH 6 SHARED VOTING POWER
REPORTING -0-
PERSON 7 SOLE DISPOSITIVE POWER
WITH 100,000 shares underlying unexercised warrants
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000 shares underlying unexercised warrants (see * below)
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.7%
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
*SEE INSTRUCTION BEFORE FILLING OUT!
STATEMENT CONTAINING INFORMATION REQUIRED BY SCHEDULE 13G
ITEM 1.
(A) NAME OF ISSUER
Logic Devices Incorporated
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
628 East Evelyn Avenue
Sunnyvale, California 94086
ITEM 2.
(A) NAME OF PERSON FILING
Howard L. Farkas
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE
5460 South Quebec - Suite 300
Englewood, Colorado 80111
(C) CITIZENSHIP
Colorado
(D) TITLE OF CLASS OF SECURITIES
Common Stock, no par value
(E) CUSIP NUMBER
541402 10 3
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
[ ] (A) BROKER OR DEALER REGISTERED UNDER SECTION 15 OF THE ACT.
[ ] (B) BANK, AS DEFINED IN SECTION 3(A)19 OF THE ACT.
[ ] (C) INSURANCE COMPANY AS DEFINED IN SECTION 3(A)(19) OF THE ACT.
[ ] (D) INVESTMENT COMPANY REGISTERED UNDER SECTION 8 OF THE
INVESTMENT COMPANY ACT.
[ ] (E) INVESTMENT ADVISOR REGISTERED UNDER SECTION 203 OF THE
INVESTMENT ADVISERS ACT OF 1940.
[ ] (F) EMPLOYEE BENEFIT PLAN, PENSION FUND WHICH IS SUBJECT TO THE
PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974 OR ENDOWMENT FUND; SEE <section> 240.13D-
1(B)(1)(II)(F).
[ ] (G) PARENT HOLDING COMPANY, IN ACCORDANCE WITH <section>
240.13D-1(B)(II)(G).
ITEM 4. OWNERSHIP
(A) AMOUNT BENEFICIALLY OWNED
100,000 shares based on unexercised warrants (see {*} below)
(B) PERCENT OF CLASS
1.7% based upon issued and outstanding shares as of 12/31/95 plus
100,000 shares underlying unexercised warrants standing in this
name but excluding all other unexercised options and warrants
held by others
(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(I) SOLE POWER TO VOTE OR TO DIRECT THE VOTE
100,000 shares of Common Stock underlying unexercised
warrants
(II) SHARED POWER TO VOTE OR TO DIRECT THE VOTE
-0-
(III) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
100,000 shares of Common Stock underlying unexercised
warrants
(IV) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
-0-
________________________
{* }810,122 shares of Common Stock and warrants to purchase 75,045
shares of Common Stock are held of record by Mr. Stephen A.
Hellerstein, as trustee of the Farkas trusts, the beneficiaries of
which consist of Mr. Farkas and members of his family. Mr. Farkas has
no power to vote or direct the vote or dispose or direct the
disposition of any of these securities and expressly disclaims any
beneficial ownership of any such securities.
<PAGE>
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
The footnote on the preceding page discloses shares and warrants
to purchase shares held by Mr. Stephen A. hellerstein, as trustee
of the Farkas Trusts, the beneficiaries of which consist of Mr.
Farkas and members of his family. Mr. Farkas has never had the
power to vote or direct the vote or dispose or direct the
disposition of any such securities and has always disclaimed
ownership of these securities even though the securities were
previously voluntarily disclosed on Mr. Farkas' previous filings
on Schedule 13. Joint filings were not made in the past, and Mr.
Farkas hereby expressly disavows any existence of a group for
reporting purposes. Mr. Hellerstein will continue to report
separately on Schedule 13G.
ITEM 10. CERTIFICATION
Not applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
FEBRUARY 14, 1996
Date
/S/ HOWARD L. FARKAS
Signature
HOWARD L. FARKAS
Name/Title
