UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13G/A
AMENDMENT NO. 2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
IBIS TECHNOLOGY CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $.008 PER SHARE
(Title of Class of Securities)
450909106
(CUSIP Number)
July 8, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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).
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CUSIP NO. 450909106 PAGE 2 OF 5 PAGES
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1 NAMES OF REPORTING PERSONS
Jeffrey J. Puglisi
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
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5 SOLE VOTING POWER
378,000 shares
NUMBER OF ---------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 88,150 shares
OWNED BY ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 378,000 shares
PERSON ---------------------------------------------------------
WITH: 8 SHARED DISPOSITIVE POWER
88,150 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
466,150 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.5%
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12 TYPE OF REPORTING PERSON*
IN
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ITEM 1(A). NAME OF ISSUER:
Ibis Technology Corporation
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
32 Cherry Hill Drive
Danvers, MA 01923
ITEM 2(A). NAME OF PERSON FILING:
Jeffrey J. Puglisi
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
399 Park Avenue, 37th floor
New York, NY 10022
ITEM 2(C). CITIZENSHIP:
United States
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.008 par value
ITEM 2(E). CUSIP NUMBER:
450909106
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR 13d-2(b)
OR (c), 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)(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 of 1940.
(e) [ ] An Investment Adviser in accordance with s.s.
240.13d-1(b)(1)(ii)(E).
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(f) [ ] An Employee Benefit Plan or Endowment Fund in accordance
with s.s. 240.13d-1(b)(1)(ii)(F).
(g) [ ] A Parent Holding Company or control person in accordance
with s.s. 240.13d-1(b)(1)(ii)(G).
(h) [ ] A Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act .
(i) [ ] A Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act of 1940.
(j) [ ] Group, in accordance with s.s. 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to ss.240.13d-1(c), check this
box [X].
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
466,150 shares
(b) Percent of class:
6.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 378,000 shares
(ii) Shared power to vote or to direct the vote: 88,150 shares
(iii) Sole power to dispose or to direct the
disposition of: 378,000 shares
(iv) Shared power to dispose or to direct the
disposition of: 88,150 shares
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.
Various affiliated persons or entities which are record owners of
certain portions of the subject securities have the right to receive dividends
from and the proceeds of the sale of such securities. None of such parties owns
beneficially more than 5% of the class.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
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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 I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purposes or effect.
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.
July 8, 1999
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(Date)
/s/ Jeffrey J. Puglisi
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(Signature)
Jeffrey J. Puglisi
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(Name/Title)
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