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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.
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. 13G 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) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 11,864,645
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 8,403,202
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
410,024
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,864,645
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
NOT APPLICABLE
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
55.13%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
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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:
200 North Milwaukee Avenue, Vernon Hills, Illinois 60061
Item 2(a) Name of Person Filing:
Michael P. Krasny
Item 2(b) Address of Principal Business Office:
200 North Milwaukee Avenue, Vernon Hills, Illinois 60061
Item 2(c) Citizenship:
U.S.A.
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 December 31, 1998: 11,864,645
shares (includes 3,042,463 shares subject to the MPK Stock Option
Plan and 410,024 shares subject to the MPK Restricted Stock Plan,
[collectively 'the Plans'] with respect to such shares Mr. Krasny
disclaims beneficial ownership and 8,956 shares held by his minor
son). Pursuant to the terms of the 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 3,042,463 shares with an
exercise price of $.017 per share remain outstanding of which
970,775 are exercisable and the balance becomes exercisable at
the rate of 621,506 per year on each December 31 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, 26,517 of such shares are held in escrow until January
1, 2000, for the benefit of ten (10) 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 383,507 shares will be held in escrow for the benefit
of seventy-eight (78) 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.
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Page 4 of 5 Pages
(b) Percent of Class: 55.13%
(i) sole power to vote or to direct the vote
11,864,645
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or direct the disposition of
8,403,202
(iv) shared power to dispose or to direct the disposition of
410,024
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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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 12, 1999
---------------------
Date
/s/ Michael P. Krasny
---------------------
Signature
Michael P. Krasny, Chairman of the Board,
Chief Executive Officer, Secretary & Treasurer
--------------------------------
Name/Title
