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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. 13)*
AMERICAN FILM TECHNOLOGIES, INC.
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(Name of Issuer)
COMMON STOCK, $.002 PAR VALUE
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(Title of Class of Securities)
026 038-30-7
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(CUSIP Number)
Robert E. Braun, Esq.
Jeffer, Mangels, Butler & Marmaro LLP
2121 Avenue of the Stars, 10th Floor
Los Angeles, California 90067
(310) 203-8080
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 28, 1997
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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 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 reporting 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.)
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.
*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).
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CUSIP No. 026 038-30-7 13D
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1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Gerald M. Wetzler
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Not Applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
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NUMBER OF | 7 | SOLE VOTING POWER 32,994,333(1)
SHARES | | Common Stock
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER None.
EACH | |
REPORTING | 9 | SOLE DISPOSITIVE POWER 32,994,333(1)
PERSON WITH | | Common Stock
| |
| 10 | SHARED DISPOSITIVE POWER None.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
32,994,333(1) Common Stock
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.3%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) See the information contained in Item 5 of this Amendment No. 13.
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This Amendment No. 13 (this "Amendment No. 13"), filed on
behalf of Gerald M. Wetzler, a citizen of the United States, amends and
supplements the statement on Schedule 13D, as originally filed with the
Securities and Exchange Commission (the "Commission") on October 25, 1993 with
respect to Mr. Wetzler's ownership of common stock, par value $.002 per share,
of American Film Technologies, Inc. (the "Issuer"), as previously amended by
twelve (12) separate amendments thereto, each filed with the Commission (as so
previously amended, the "Schedule 13D"). Unless otherwise indicated, all
information contained in the Schedule 13D shall not be invalidated by the filing
of this Amendment No. 13 and shall remain as true and correct as of the date
hereof with reference to the facts in existence as of the date the Schedule 13D
or amendment containing such information was filed with the Commission.
Item 1. Security and Issuer.
Securities:
Common Stock, $.002 par value ("Common Stock")
Options to Acquire Common Stock ("Options")
Please see Item 5
Issuer: American Film Technologies, Inc.
300 Park Avenue, 17th Floor
New York, New York 10022
Item 2. Identity and Background.
(a) Gerald M. Wetzler
(b) 300 Park Avenue, 17th Floor, New York,
New York 10022
(c) Investor
300 Park Avenue, 17th Floor
New York, New York 10022
(d) Mr. Wetzler has not, during the last five years, been
convicted in a criminal proceeding.
(e) Mr. Wetzler has not, during the last five years, been
a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a
result of which he 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) Citizen of the United States of America.
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Item 3. Source and Amount of Funds or Other Consideration.
Not Applicable.
Item 4. Purpose of Transaction.
On or about April 7, 1997, and April 15, 1997, Mr. Wetzler
disposed of 215,000 shares and 40,000 shares of common stock,
respectively, by way of sales pursuant to Rule 144 of the
Securities Act of 1933.
Item 5. Interest in Securities of Issuer.
(a) 32,994,333 shares of Common Stock representing 34.3%
of the Common Stock outstanding as of April 28, 1997.
Section 13(d) of the Securities Exchange Act of 1934,
as amended ("Section 13(d)") only obligates Mr.
Wetzler to report beneficial ownership as to those
shares of Common Stock that he has the right to
acquire within sixty (60) days.(1)
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1/ This includes 22,833,333 shares of common stock issuable upon the exercise of
outstanding options, through June 28, 1997.
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(b) Mr. Wetzler has sole voting and investment power over
32,994,333 shares of Common Stock.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
None.
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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.
April 28, 1997 /s/ GERALD M. WETZLER
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Date Gerald M. Wetzler
