FORM 4
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to Section 16. Form 4 or Form 5 _________________________________
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responsdes)
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1. Name and Address of Reporting Person*
Leason, Hayden
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(Last) (First) (Middle)
541 Kenosha Avenue
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(Street)
Walworth, WI 53187
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Advanced Photonix, Inc.
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
January 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[x] Director [x] 10% Owner
[x] Officer (give title below) [ ] Other (specify below)
Chairman
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7. Individual or Joint/Group Filing (Check Applicable Line)
[x] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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5. Amount of 6. Owner- 7. Nature
Securities ship of In-
2. Trans- 3. Trans- 4. Securities Acquired (A) Beneficially Form: direct
action action or Disposed of (D) Owned at Direct Bene-
Date Code (Instr. 3, 4, and 5) End of (D) or ficial
1. Title of Security (Month/ (Instr. 8) -------------------------- Month Indirect Owner-
(Instr. 3) Day/ ---------- Amount (A) or Price (Instr. (I) ship
Year) Code V (D) 3 and 4) (Instr.4) (Instr.4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock 1/10/2000 S 505,000 S 3.75 0 D
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Class A Common Stock 1/11/2000 S 500,000 S 4.25 0 D
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Class A Common Stock 1/12/2000 S 374,000 S 4.65 0 D
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Class A Common Stock 1/13/2000 S 226,000 S 5.25 0 D
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Class A Common Stock 1/14/2000 S 196,500 S 6.50 0 D
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Class A Common Stock 1/18/2000 S 498,000 S 5.50 0 D
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Class A Common Stock 1/19/2000 S 17,000 S 5.00 0 D
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Class A Common Stock 1/24/2000 S 87,600 S 7.62 0 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one person, see Instruction 4 (b)(v).
</TABLE>
<PAGE>
FORM 4 (continued)
<TABLE>
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10 11.
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Title and Ownership
Number of Date Exer- Amount of Form
Derivative cisable and Underlying Number of of De- Na-
Securities Expiration Securities Price Derivative rivative ture
Conver- Trans- Acquired (A) Date (Month/ (Instr. 3 of Securities Secu- of In-
sion or Trans- action or Disposed Day/Year and 4) Deriv- Benefi- rity: direct
Exercise action Code of (D) ------------- -------------- ative cially Direct Bene-
Title of Price of Date (Instr. (Instr. 3, Date Amount Secur- Owned at (D) or ficial
Derivative Deriv- (Month/ 8) 4, and 5) Exer- Expir- or Num- ity End of Indi- Own-
Security ative Day/ -------- --------- cis- ation ber of (Instr. Month rect (I) ership
(Instr. 3) Security Year) Code V (A) (D) able Date Title Shares 5) (Instr.4) (Instr.4) (Instr.4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
I have agreed to forfeit $709,170.55 in short swing profits associated with my
November 3, 1999 purchase of 100,000 shares of Class A Common Stock to the
Company. The forfeiture took into account the highest individual sale
transactions.
/s/ Hayden Leason 2/10/2000
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**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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