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- ----------------- U.S. SECURITIES AND EXCHANGE COMMISSION ----------------------------
| F O R M 4 | Washington, D.C. 20549 | OMB APPROVAL |
- ----------------- |--------------------------|
[ ] Check this box if no STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0287|
longer subject to |Expires: December 31, 2001|
Section 16. Form 4 or |Estimated average burden |
Form 5 obligations may Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, |hours per response.....0.5|
continue. See Section 17(a) of the Public Utility Holding Company Act of 1935 or ----------------------------
Instruction 1(b) Section 30(f) of the Investment Company Act 1940
(Print or Type response)
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|1.Name and Address of Reporting Person* |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person to |
| | | Issuer (Check all Applicable) |
| National Electrical Benefit Fund | Ramtron International Corporation (RMTR) | |
| | | Director X 10% Owner |
|----------------------------------------|------------------------------------------------|--- --- |
| (Last) (First) (MI)|3.IRS or Soc. Sec. No. |4.Statement for Month/ | Officer Other |
| | of Reporting Person | Year |---(give title below) ---(Specify below)|
| 1125 Fifteenth Street, N.W., Suite 1202| (Voluntary) | | |
| | | September, 1999 |----------------------------------------|
|----------------------------------------| |------------------------|7. Individual or Joint/Group Filing |
| (Street) | |5.If Amendment, Date of | (Check Applicable Line) |
| | | Original (Month/Year) | |
| | | | X Form filed by One Reporting Person |
| Washington, D.C. 20005 | 53-0181657 | |--- |
| | | | Form filed by More than One |
| | | |--- Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| (City) (State) (Zip) |
| TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
|----------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security |2.Transac- |3.Transac-|4.Security Acquired (A) or |5.Amount of |6.Owner-|7.Nature of |
| (Instr. 3) | tion Date |tion Code | Disposed of (D) | Securities |Ship Fo-| Indirect |
| |(Month/Day/ |(Instr.8) | (Instr. 3, 4 and 5) | Beneficially |rm: Dir-| Beneficial |
| | Year) |----------|-----------------------------| Owned at End of|ect (D) | Ownership |
| | | | | | | | Month (Instr. |or Indi-| (Instr. 4) |
| | | | | | | | 3 and 4) |rect (I)| |
| | | | | |(A) | | |(Instr. | |
| | |Code| V | Amount |(D) | Price | |4) | |
|-------------------------------|------------|----|-----|--------------|----|---------|-----------------|--------|-----------------|
|<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
|-------------------------------|------------|----|-----|--------------|----|---------|-----------------|--------|-----------------|
| | | | | | | | | | |
|-------------------------------|------------|----|-----|--------------|----|---------|-----------------|--------|-----------------|
| | | | | | | | | | |
|-------------------------------|------------|----|-----|--------------|----|---------|-----------------|--------|-----------------|
| | | | | | | | | | |
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Reminder: Report on a separate line for each class securities owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (3-99)
(Print or type responses)
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FORM 4 (continued) TABLE II - Derivative Securities Acquired, Disposed of, Beneficially Owned
(e.g., puts, calls, warrants, options, convertible security)
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|1.Title of|2.Conver-|3. |4.Tran- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature |
|Derivative|sion or |Tran-| saction| Derivative |Exercisable| of Underlying |Derivative| of |Ownersh-| of |
|Security |Exercise |sact-| Code | Securities |and | Securities |Security |Derivative|ip Form |Indirect |
|(Instr. 3)|Price of |ion |(Instr.8)| Acquired (A) or |Expiration | (Instr. 3 and 4) |(Instr. 5)|Securities|of Deri-|Beneficial|
| |Deriva- |Date(| | Disposed of (D) |Date | | |Benefi- |vative |Ownership |
| |tive |Month| | (Instr. 3, 4 an |(Month/Day/| | |cially |Security|(Instr. 4)|
| |Security |/Day/| | and 5) | Year) | | |Owned at |: Direct| |
| | |Year)| | |-----------|-------------------| |End of |(D) or | |
| | | | | | | | |Amount or| |Month |Indirect| |
| | | |---------|-------------------|Date |Exp. | Title |Number of| |(Instr. 4)|(I) (In-| |
| | | |Code| V | (A) | (D) |Exbl.|Date | |Shares | | |str. 4) | |
|----------|---------|-----|----|----|---------|---------|-----|-----|---------|---------|----------|----------|--------|----------|
|<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
|----------|---------|-----|----|----|---------|---------|-----|-----|---------|---------|----------|----------|--------|----------|
|Conversion| $5.00 |09/30| J* | | 9,333* | | * | * | Common | 9,333* | |** | D | |
|Option | |/1999| | | | | | | Stock | | |2,334,919 | | |
|Pursuant | |* | | | | | | | | | | | | |
|to | | | | | | | | | | | | | | |
|Convert- | | | | | | | | | | | | | | |
|ible Loan | | | | | | | | | | | | | | |
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Explanation of Responses:
* On August 6, 1999, the National Electrical Benefit Fund ("NEBF") and Ramtron International Corporation ("RIC")
consummated an Amended and Restated Loan Agreement (the "Restated Loan Agreement") which modified the original Loan
Agreement dated September 21, 1995. The Restated Loan Agreement required a pay down of the debt outstanding to $7M;
changed the simple fixed rate of interest to 8%; extended the Scheduled Maturation Date of the note to March 15, 2002
(with quarterly payments beginning on January 31, 2000); extended and repriced a warrant for 805,697 RIC common stock
to the NEBF; required the issuance of an additional warrant for 100,000 RIC common stock to the NEBF; repriced the rate
at which the NEBF could convert its loan to common stock; and limited the times at which the NEBF could so convert its
loan (to (i) 120 Business Days prior to the Scheduled Maturity Date; (ii) 89 Business Days following a Prepayment
Notice Date ; or (iii) 120 Business Days following an Event of Default). As of September 30, 1999, approximately
$7,091,111.11 of principal and accrued interest were outstanding under the Restated Loan Agreement. This filing
is made with respect to simple interest accrued under the Restated Loan Agreement during September, 1999 which amounts
to $46,666.67.
** Reference is to options/warrants for Common Stock, including the conversion option pursuant to convertible loan;
options for 4,000 Common Stock awarded April 17, 1996 which become exercisable in 1,000 share increments per year;
options for 6,000 Common Stock awarded July 22, 1998 which are immediately exercisable; and options for 1,000 Common
Stock awarded July 22, 1998 which are immediately exercisable.
*** Intentional misstatements or omissions of facts constitute /s/ Edwin D Hill 10/12/1999
Federal Criminal Violations. See 18 U.S.C. 1001 and ----------------------------------------- ----------
15 U.S.C. 78ff(a). ***Signature of Reporting Person Date
Page 2
SEC 1474 (3-99)
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