UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
PRODUCTIVITY TECHNOLOGIES, INC.
-------------------------------
(Name of Issuer)
COMMON STOCK
------------
(Title of Class of Securities)
743088106
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(CUSIP Number)
Check the following box if a fee is being paid [x]. (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 disclosure 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).
SCHEDULE 13G
CUSIP No. 743088106 Page 2 of 5 Pages
1 NAMES OF REPORTING PERSONS - S.S. OR I.R.S. IDENTIFICATION NO. OF
ABOVE PERSONS:
CREDIT SUISSE
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [x]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION:
SWITZERLAND
5 SOLE VOTING POWER:
-0-
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER:
EACH REPORTING 180,000
PERSON WITH
7 SOLE DISPOSITIVE POWER:
-0-
8 SHARED DISPOSITIVE POWER:
180,000
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
180,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [x] Not Applicable
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.14%
12 TYPE OF REPORTING PERSON:
BK;
SCHEDULE 13G
Item 1(a). Name of Issuer: PRODUCTIVITY TECHNOLOGIES, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
520 MADISON AVE., 38TH FLOOR
NEW YORK, N.Y. 10022
Item 2(a). Name of Person Filing:
CREDIT SUISSE
Item 2(b). Address of Principal Business Office, or, if none,
Residence:
PARADEPLATZ 8, 8070 ZURICH, SWITZERLAND
Item 2(c). Citizenship:
SWITZERLAND
Item 2(d). Title of Class of Securities:
COMMON STOCK
Item 2(e). CUSIP Number:
743088106
Item 3. If this Statement is being filed pursuant to Rule
13(d)-1(b) or 13d-2(b), check whether the person
filing is a:
(a) [ ] Broker or Dealer registered under Section
15 of the Act
(b) [x] Bank as defined in section 3(a)(6) 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 Adviser 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
(g) [ ] Parent Holding Company, in accordance with
[Section] 240.13d-1(b)(ii)(g)
(h) [ ] Group, in accordance with
[Section] 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership (as of December 31, 1996):
(a) Amount Beneficially owned:
180,000
(b) Percent of Class:
8.14%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the
vote:
0
(ii) shared power to vote or to direct
the vote:
180,000
(iii) sole power to dispose or
direct the disposition of:
0
(iv) shared power to dispose or direct
the disposition of:
180,000
As of December 31, 1996 approximately 99.9% of the outstanding
common stock of Credit Suisse was owned by CS Holding, which is
now known as Credit Suisse Group ("CSG"). CSG, for purposes of
federal securities laws, may be deemed ultimately to control
Credit Suisse. CSG, its executive officers and directors
and its direct and indirect subsidiaries, in addition to
Credit Suisse, may beneficially own shares of PRODUCTIVITY
TECHNOLOGIES, INC. and such shares are not reported on this
Statement. CSG disclaims beneficial ownership of shares of
PRODUCTIVITY TECHNOLOGIES, INC. beneficially owned by its
executive officers and directors and its direct and indirect
subsidiaries, including Credit Suisse. Effective as of January 1,
1997, CSG reorganized its corporate structure. Pursuant to the
restructuring, Credit Suisse changed its name to Credit Suisse
First Boston.
The reporting person expressly declares that the filing of this
Schedule 13G shall not be construed as an admission that it is,
for the purposes of Section 13(g) of the Securities Exchange Act
of 1934, as amended, the beneficial owner of any securities
covered by this Schedule 13G.
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
[ ]
Item 6. Ownership of More Than Five Percent on Behalf of
Another Person:
Other than as disclosed herein, the reporting person
knows of no other person who has the right to
receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of,
the securities covered by this Schedule 13G.
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Securities 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:
Not Applicable.
Item 10. Certification:
By signing below we certify that, to the best of our
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection with
or as a participant in any transaction having such
purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of our
knowledge and belief, we certify that the
information set forth in this statement is true,
complete and correct.
Dated as of January 27, 1997
CREDIT SUISSE FIRST BOSTON*
By: Andrae Lamprecht
---------------------------
Name:
Title:
By: Dorothee Locher Chiment
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Name:
Title:
*As of January 1, 1997, Credit Suisse changed its name to
CREDIT SUISSE FIRST BOSTON
