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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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OMB APPROVAL
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OMB Number: 3235-0145
Expires: August 31, 1999
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
Laser Power Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
51806K 10 4
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(CUSIP Number)
December 31, 1998
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(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)
|_| Rule 13d-1(c)
|X| 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.
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
Page 1 of 4 pages
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CUSIP No. 51806K 10 4 13G Page 2 of 4 Pages
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________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Glenn H. Sherman
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 103,332
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 564,499
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 103,332
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 564,499
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
667,831*
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.95%
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12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
* Item 9 includes 82 shares held of record by Inamaria Sherman, Dr. Sherman's
wife and 1,333 shares held by Martina Sherman, Dr. Sharman's daughter, and
excludes 150 shares held in the name of Inamaria Sherman for the benefit of
Margoth Klein, Mrs. Sherman's mother. Mr. Sherman disclaims beneficial
ownership of such shares.
Page 2 of 4 pages
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ITEM 1.
(a) Name of Issuer: Laser Power Corporation
(b) Address of Issuer's Principal Executive Offices:
12777 High Bluff Drive, San Diego, CA 92130
ITEM 2.
(a) Name of Person Filing: Glenn H. Sherman
(b) Address of Principal Business Office or, if none, Residence:
1103 Luneta Drive, Del Mar, CA 92014
(c) Citizenship: USA
(d) Title of Class of Securities: Common
(e) CUSIP Number: 51806K 10 4
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(b), OR
240.13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount Beneficially Owned: 667,831*
(b) Percent of Class: 7.95%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 103,332
(ii) Shared power to vote or to direct the vote: 564,499
(iii) Sole power to dispose or to direct the disposition
of: 103,332
(iv) Shared power to dispose or to direct the disposition
of: 564,499
*Includes 103,332 shares subject to option exercisable within 60 days
of December 31, 1999.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY 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 A GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
Page 3 of 4 Pages
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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.
February 5, 1999
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Date
/s/ Glenn H. Sherman
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Glenn H. Sherman
Page 4 of 4 pages
