UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _______)
XEROGRAPHIC LASER IMAGES CORPORATION
--------------------------------------------------------
(Name of Issuer)
Series A Convertible Preferred Stock
--------------------------------------------------------
(Title of Class of Securities)
984118-30-7
---------------------------------------------------------
(CUSIP Number)
James L. Salerno, 101 Billerica Ave, N. Billerica, MA 01862 (508) 670-5999
-----------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
June 1997
--------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing_this
schedule because of Rule 13d-1(b) (3) or (4), check the following box |_|.
_
Check the following box if a fee is being paid with the statement |_|.
(A fee is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule (13d-1 (a) for other parties to whom copies
are to be sent:
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
disclosures provided in a prior cover page.
The information required on 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 13D
CUSIP NO. 984118-30-7 Page 2 of 3 Pages
------------- --- ---
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James L. Salerno ###-##-####
_
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP. (a) |_|
_
N/A (b) |_|
3. SEC USE ONLY
4. SOURCE OF FUNDS.
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e). _
|_| N/A
6. CITIZENSHIP OR PLACE OF ORGANIZATION.
USA
7. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE VOTING POWER.
Common Stock 98,584 shares
Series A Convertible Preferred Stock 50,000 shares
8. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED VOTING POWER.
N/A
9. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SOLE DISPOSITIVE POWER.
Common Stock 98,584 shares
Series A Convertible Preferred Stock 50.000 shares
10. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
SHARED DISPOSITIVE POWER.
N/A
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
Common Stock 98,584 shares
Series A Convertible Preferred Stock 50,000 shares
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. |X|
Warrants 40,000 shares
Options 25,000 shares (12,500 which are exercisable)
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
Common Stock 4.8%
Series A Convertible Preferred Stock 15.9%
14. TYPE OF REPORTING PERSON.
IN
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.
June 26, 1997 /S/JAMES L. SALERNO
- ------------------------------ ---------------------------------
Signature
James L. Salerno C.F.O.
---------------------------------
Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than
an executive officer or general partner of this filing person), evidence of
the representative's authority to sign on behalf of such person shall be
filed with the statement, provided, however, that a power of attorney for
this purpose which is already on file with the Commission may be incorporated
by reference. The name and any title of each person who signs the statement
shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 USC 1001)
