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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. 4)
CDW COMPUTER CENTERS, INC.
(Name of Issuer)
--------------------
Common Stock
(Title of Class of Securities)
125129 10 6
(CUSIP Number)
--------------------
ALAN B. PATZIK, ESQ.
SAITLIN, PATZIK, FRANK & SAMOTNY LTD.
150 SOUTH WACKER DRIVE, SUITE 900
CHICAGO, ILLINOIS 60606
(312)551-8300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
--------------------
*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. 126129 10 6 13 G PAGE 2 OF 5 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MICHAEL P. KRASNY ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
NOT APPLICABLE (b) / /
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3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
12,176,793
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 8,538,160
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8 SHARED DISPOSITIVE POWER
422,672
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,176,793
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
NOT APPLICALBE / /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
56.6%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 125129 10 6 13 G PAGE 3 OF 5 PAGES
Item 1(a) Name of Issuer:
CDW Computer Centers, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1020 East Lake Cook Road, Buffalo Grove, Illinois 60089
Item 2(a) Name of Person Filing:
Michael P. Krasny
Item 2(b) Address of Principal Business Office or, if none, Residence:
1020 East Lake Cook Road, Buffalo Grove, Illinois 60089
Item 2(c) Citizenship:
USA
Item 2(d) Title of Class of Securities:
Common Shares
Item 2(e) CUSIP Number:
125129 10 6
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
NOT APPLICABLE
Item 4: Ownership:
(a) Amount Beneficially Owned as of February 28, 1997: 12,176,793
shares (includes 3,207,401 shares subject to the MPK Stock
Option Plan and 422,672 shares subject to the MPK Restricted
Stock Plan, with respect to such shares Mr. Krasny disclaims
beneficial ownership and 8,560 shares held by minor son).
Pursuant to the terms of these Plans, Mr. Krasny has the right
to vote these shares and receive dividends thereon, if any,
until options are exercised or shares vest, respectively.
Pursuant to the terms of the MPK Stock Option Plan,
non-forfeitable options to purchase 3,207,401 shares with an
exercise price of $.017 per share remain outstanding and become
exercisable at the rate of 514,207 upon December 31, 1997 and
then 621,506 per year on each December 31 thereafter until all
options are exercisable. In the event that an optionee shall
cease to be employed by the Issuer for any reason, all
unexercised options shall become immediately exercisable.
Pursuant to the terms of the MPK Restricted Stock Plan, as
modified, 26,480 of such shares are held in escrow until January
1, 2000, for the benefit of twelve (12) eligible employees and
on such date, these employees will be vested in all of such
shares and such shares will be distributed to said employees.
The remaining 396,192 shares will be held in escrow for the
benefit of eighty-five (85) eligible employees and will vest in
equal installments on January 1, 2000, 2001, 2002 and 2003.
Upon the termination of employment of any eligible employees
prior to such dates, such shares revert to Mr. Krasny.
(b) Percent of Class: 56.6%
(i) sole power to vote or to direct the vote
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CUSIP NO. 125129 10 6 13 G PAGE 4 OF 5 PAGES
12,176,793
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or direct the disposition of
8,538,160
(iv) shared power to dispose or to direct the disposition of
422,672
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 Group:
NOT APPLICABLE
Item 10. Certification:
NOT APPLICABLE
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CUSIP NO. 125129 10 6 13 G PAGE 5 OF 5 PAGES
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 28, 1997
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Date
/s/ Michael P. Krasny
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Signature
Michael P. Krasny, Chairman of the Board,
Chief Executive Officer, Secretary and Treasurer
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Name/Title
