PERKINS CAPITAL MANAGEMENT INC ET AL
SC 13G, 1997-05-07
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, D.C 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934


                              (Amendment No. ___)*


                               Photran Corporation
        -----------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
       -----------------------------------------------------------------
                         (Title of Class of Securities)

                                   719404-10-5
                       ----------------------------------
                                 (CUSIP Number)




*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).




SEC 1745 (2/92) Page 1 of 5 pages

<PAGE>



CUSIP No. 719404-10-5    13G     Page 2 of 5 Pages


 1  NAME OF REPORTING PERSON
    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

        Perkins Capital Management, Inc.
        IRS ID No.: 41-1501962


 2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                    (a) /__/
                                    (b) /__/
 3  SEC USE ONLY


 4  CITIZENSHIP OR PLACE OF ORGANIZATION

        730 East Lake Street, Wayzata, MN  55391-1769

           5   SOLE VOTING POWER
 NUMBER OF               106,000

  SHARES       6  SHARED VOTING POWER
                      0
BENEFICIALLY

  OWNED BY     7  SOLE DISPOSITIVE POWER
                       194,500
   EACH

 REPORTING

  PERSON       8  SHARED DISPOSITIVE POWER
                      0
   WITH


 9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

               194,500

10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*



11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

               3.8%

12  TYPE OF REPORTING PERSON*

               IA


SEC 1745 (2/92) Page 2 of 5 pages

<PAGE>



CUSIP No. 719404-10-5    13G     Page 3 of 5 Pages


Item 1.
    (a)    Name of Issuer
           Photran Corporation

    (b)    Address of Issuer's Principal Executive Offices
           21875 Grenada Avenue
           Lakeville, MN  55044

Item 2.
    (a)    Name of Person Filing

           Perkins Capital Management, Inc.

    (b)    Address of Principal Business Office or, if none, Residence

           730 East Lake Street
           Wayzata, MN  55391-1769

    (c)    Citizenship

           Minnesota Corporation

    (d)    Title of Class of Securities

           Common Stock

    (e)    CUSIP Number

           719404-10-5

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), 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

    (e) /X_/   Investment Adviser registered under section 203 of the
               Investment Advisers Act of 1940

    (f)        /__/ Employee Benefit Plan,  Pension Fund which is subject to the
               provisions of the Employee Retirement Income Security Act of 1974
               or Endowment Fund; see 240.13d-l(b)(l)(ii)(F)

    (g) /__/   Parent Holding Company, in accordance with
               240.13d-l(b)(ii)(G) (Note: See Item 7)


SEC 1745 (2/92) Page 3 of 5 pages

<PAGE>



CUSIP No. 719404-10-5    13G     Page 4 of 5 Pages



    (h) /__/   Group, in accordance with 240.13d-l(b)(l)(ii)(H)

Item 4. Ownership

    If the percent of the class owned,  as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-l(b)(2),
if  applicable,  exceeds five percent,  provide the following  information as of
that date and identify those shares which there is a right to acquire.

    (a)    Amount Beneficially Owned
             The amount beneficially owned is 194,500

    (b)    Percent of Class
           3.8%

    (c)    Number of shares as to which such person has:
        (i)   sole power to vote or to direct the vote
                  106,000
        (ii)  shared power to vote or to direct the vote
                  0
        (iii) sole power to dispose or to direct the dispostion of
                  194,500
        (iv)   shared power to dispose or to direct the disposition of
                  0

Item 5. Ownership of Five Percent or Less of a Class

    Yes.  Ownership dropped to 3.8%.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

    None

Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company

    None

Item 8. Identification and Classification of Members of the Group

    Not applicable.

Item 9. Notice of Dissolution of Group

    Not applicable.



SEC 1745 (2/92) Page 4 of 5 pages

<PAGE>



CUSIP No. 719404-10-5    13G     Page 5 of 5 Pages


Item 10. Certification

        By signing below I certify that, to the best of my knowledge and belief,
        the securities referred to above were acquired in the ordinary course of
        business  and were not  acquired  for the purpose of and do not have the
        effect of  changing  or  influencing  the  control of the issuer of such
        securities and were not acquired in connection  with or as a participant
        in any transaction having such purposes or effect.

    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.


                                   May 6, 1997
                      ----------------------------------------

                      By    /s/ Bradley A. Erickson
                      ----------------------------------------
                                    Signature


                      Bradley A. Erickson, Vice President and COO
                      -----------------------------------------
                                   Name/Title




SEC 1745 (2/92) Page 5 of 5 pages



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