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)
SCHLAGETER JEFFREY M.
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
July 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) SENIOR VICE PRESIDENT OF ENGINEERING
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 01/31/97 B V 3,231 A $7.0125 D
Common Stock 07/28/97 S 10,000 D $19.7813 69,183 D
Common Stock 1,000 I by Daughter
<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 $4.0000 08/01/96(1) 07/15/02
to buy)
Incentive Stock Option (right $4.0000 11/01/92(2) 10/23/02
to buy)
Incentive Stock Option (right $8.0000 03/31/94(3) 06/30/03
to buy)
Incentive Stock Option (right $7.6300 03/31/95(4) 07/26/04
to buy)
Non-Qualified Stock Option $7.6300 08/01/98(5) 07/26/04
(right to buy)
Non-Qualified Stock Option $9.2600 (6) 10/06/05
(right to buy)
Incentive Stock Option (right $10.6250 07/05/96(7) 01/05/06
to buy)
Non-Qualified Stock Option $10.6250 07/05/96(8) 01/05/06
(right to buy)
Incentive Stock Option (right $14.8750 08/01/00(9) 07/17/06
to buy)
Non-Qualified Stock Option $14.8750 08/01/00(9) 07/17/06
(right 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 5,000 5,000 D
to buy)
Incentive Stock Option (right Common Stock 6,000 6,000 D
to buy)
Incentive Stock Option (right Common Stock 18,375 18,375 D
to buy)
Incentive Stock Option (right Common Stock 22,114 22,114 D
to buy)
Non-Qualified Stock Option Common Stock 1,886 1,886 D
(right to buy)
Non-Qualified Stock Option Common Stock 20,250 20,250 D
(right to buy)
Incentive Stock Option (right Common Stock 12,681 12,681 D
to buy)
Non-Qualified Stock Option Common Stock 9,069 9,069 D
(right to buy)
Incentive Stock Option (right Common Stock 6,722 6,722 D
to buy)
Non-Qualified Stock Option Common Stock 22,716 22,716 D
(right to buy)
<FN>
Explanation of Responses:
(1)
Option becomes 100% exercisable on 8/1/96.
(2)
Option becomes exercisable 6.25% per quarter with vesting commencing on 8/1/92.
(3)
Option begins vesting as to 10,375 shares on 1/1/94 and is exercisable quarterly
as to 3,500 shares in 1994, 3,000 shares in 1995, 2,875 shares in 1996, and
1,000 shares in 1997. The remaining 8,000 shares vest 100% on 8/1/97.
(4)
Option begins vesting as to 9,000 shares on 1/1/95 and is exercisable as to 750
shares quarterly. The remaining 13,114 shares vest 100% on 8/1/98.
(5)
Option becomes 100% exercisable on 8/1/98.
(6)
Vests and is exercisable 100% six months following a "change of control" of the
company.
(7)
Option begins vesting on 1/1/96 and is exercisable quarterly (after 7/5/96) as
to 2,788 shares in 1996 and 482 shares in 1997. Th remaining 9,411 shares vest
100% on 8/1/99.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ JEFFREY M. SCHLAGETER
DATE: AUGUST 11, 1997
