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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
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INOTEK Technologies Corp.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
45764T
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(CUSIP Number)
David L. White, 4205 Lakeside Drive, Dallas, Texas 75219
214-528-2423
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 17, 1999
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(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 that is the subject of this Schedule 13D, and is
filing this schedule because of Section 240.13d-1(e), Section 240.13d-1(f) or
Section 240.13d-1(g), check the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Section
240.13d-7(b) for other parties to whom copies are to be sent.
*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 ("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).
(Continued on following page(s))
Page 1 of 4 Pages
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SCHEDULE 13D
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CUSIP NO. 45764T PAGE 2 OF 4 PAGES
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
David L. White
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
PF
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(5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) / /
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(6) Citizenship or Place of Organization
United States
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Number of Shares (7) Sole Voting
Beneficially Owned Power 1,510,025
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power -0-
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(9) Sole Dispositive
Power 1,510,025
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(10) Shared Dispositive
Power -0-
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,510,025
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* / /
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(13) Percent of Class Represented by Amount in Row (11)
32.8%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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CUSIP NO. 45764T PAGE 3 OF 4
ITEM 1. SECURITY AND ISSUER
This Schedule 13D (this "Filing") relates to the Common Stock, $0.01
par value ("INOTEK Common Stock"), and voting and other contractual rights
relating thereto, of INOTEK Technologies Corp., a Delaware corporation (the
"Company"), which has its principal executive offices located at 11212 Indian
Trail, Dallas, Texas 75229. The purpose of this Filing is to reflect the
beneficial ownership of INOTEK Common Stock by David L. White.
ITEM 2. IDENTITY AND BACKGROUND
(a) David L. White ("Mr. White")
(b) 4205 Lakeside Drive, Dallas, Texas 75219
(c) Mr. White is currently a director of the Company.
(d) Mr. White has not, during the last five years, been convicted in
a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) Mr. White has not, during the last five years, been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to
such laws.
(f) Mr. White is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
As of August 17, 1999, Mr. White exercised a warrant to purchase
250,000 shares of INOTEK Common Stock at a price of $0.28 per share. This
warrant was granted February 11, 1991, and could be exercised at any time
during the ten year period commencing on that date.
As of August 23, 1999, Treble Investments, a partnership formed by
Mr. White and Neal M. Young ("Mr. Young"), was dissolved. At the time of
dissolution, Treble Investments owned 2,140,950 shares of INOTEK Common
Stock. Upon the dissolution, Mr. White and Mr. Young each received 50% of
the shares owned by Treble Investments.
ITEM 4. PURPOSE OF TRANSACTION
The person signing this Filing does not have any specific plans or
proposals which relate to or would result in any extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Company or any of its subsidiaries; a sale or transfer of a material amount
of assets of the Company or any of its subsidiaries; any change in the
present board of directors or management of the Company; any change in the
present capitalization or dividend policy of the Company; any other material
change in the Company's business or corporate structure; changes in the
Company's charter, bylaws or instruments corresponding thereto or other
actions which may impede the acquisition of control of the Company by any
person; causing a class of securities of the Company to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities
association; a class of securities of the Company becoming eligible for
termination or registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended; or any action similar to any of those
enumerated above; but such persons reserve the right to propose or undertake
or participate in any of the foregoing actions in the future. The person
signing this Filing has purchased the shares of INOTEK Common Stock reported
herein solely for the purpose of investment and retains the absolute right to
vote his shares of INOTEK Common Stock as he individually determines. The
person signing this Filing may make additional purchases of INOTEK Common
Stock either in the open market or in private transactions depending on the
Company's business, prospects and financial condition, the market for INOTEK
Common Stock, general economic conditions, money and stock market conditions
and other future developments.
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CUSIP NO. 45764T PAGE 4 OF 4
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Mr. White is deemed to beneficially own 1,510,025 shares of
INOTEK Common Stock. Of those shares deemed to be beneficially owned by Mr.
White, 1,070,475 shares were received upon the dissolution of Treble
Investments, 250,000 shares were received upon the exercise of a warrant, and
all other shares were purchased in the open market.
The percentage calculations are based upon 4,604,088 shares of INOTEK
Common Stock outstanding on August 27, 1999, as reported in the Company's
most recent Annual Report on Form 10-K, filed August 27, 1999.
(b) Mr. White may be deemed to have sole voting and dispositive power
over 1,510,025 shares of INOTEK Common Stock.
(c) See Item 3 above.
(d) None.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set
forth in this statement is true, complete and correct.
September 15, 1999 /s/ David L. White
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David L. White
