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Previous: ACTEL CORP, 4, 1997-06-12 |
Next: LUCILLE FARMS INC, 8-A12G, 1997-06-12 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
VAN DE HEY DAVID L.
955 E. ARQUES AVE.
SUNNYVALE, CA 94086
2. Issuer Name and Ticker or Trading Symbol
ACTEL CORPORATION (ACTL)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
May 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
V.P. AND GENERAL COUNSEL
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code V Amount D Price End of Month I
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C><C> <C> <C><C>
Common Stock 05/07/97 S 1,000 D $17.6250 D
Common Stock 05/08/97 S 1,000 D $17.8125 518 D
<CAPTION>
Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code V A D Exercisable Expiration
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right $8.0000 07/15/94(1) 07/15/03
to buy)
Incentive Stock Option (right $7.6300 08/01/98(2) 07/26/04
to buy)
Non-Qualified Stock Option $10.6250 (3) 10/06/05
(right to buy)
Incentive Stock Option (right $10.6250 07/05/96(4) 01/05/06
to buy)
Non-Qualified Stock Option $10.6250 08/01/99(5) 01/05/06
(right to buy)
Non-Qualified Stock Option $14.8750 08/01/00(6) 07/17/06
(right to buy)
Incentive Stock Option (right $14.8750 08/01/00(6) 07/17/06
to buy)
<CAPTION>
Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Month
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right Common Stock 4,000 4,000 D
to buy)
Incentive Stock Option (right Common Stock 2,000 2,000 D
to buy)
Non-Qualified Stock Option Common Stock 12,666 12,666 D
(right to buy)
Incentive Stock Option (right Common Stock 32,411 32,411 D
to buy)
Non-Qualified Stock Option Common Stock 89 89 D
(right to buy)
Non-Qualified Stock Option Common Stock 12,237 12,237 D
(right to buy)
Incentive Stock Option (right Common Stock 7,263 7,263 D
to buy)
<FN>
Explanation of Responses:
(1)
Becomes exercisable as to 25% on one-year hire anniversary date and 6.25% per quarter thereafter.
(2)
Option becomes 100% exercisable on 8/1/98.
(3)
Vests and is exercisable 100% six months following a "change of control" of the company.
(4)
Option begins vesting on 1/1/96 and is exercisable quarterly (after 7/5/96) as to 7,500 shares in 1996, 8,000 shares in 1997, and
7,500 shares in 1998. The remaining 9,411 shares vest 100% on 8/1/99.
(5)
Option becomes 100% exercisable on 8/1/99.
(6)
Option becomes 100% exercisable on 8/1/2000.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ DAVID L. VAN DE HEY
DATE: JUNE 10, 1997
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