Filed Pursuant to Rule 424(c)
REGISTRATION NO. 33-80135
PROSPECTUS SUPPLEMENT NO. 1 DATED OCTOBER 2, 1997 TO THE
PROSPECTUS DATED AUGUST 16, 1996 OF
APPLIED SCIENCE AND TECHNOLOGY, INC.
This Prospectus Supplement No. 1 amends the number of Shares of Common
Stock of Applied Science and Technology, Inc. (the "Company") being offered for
sale (and reflected throughout the Prospectus) upon the exercise of certain
warrants, and the exercise price thereof, due to the occurrence of certain
anti-dilutive events. The Company is offering for sale 1,253,435 Shares of
Common Stock (which is an increase of 20,935 Shares over the 1,232,500 Shares
referenced in the Prospectus) (i) upon exercise of the IPO Warrants at an
exercise price of $14.83 per two IPO Warrants, to purchase an aggregate of
992,162 Shares of Common Stock, subject to adjustment upon the occurrence of
certain anti-dilutive events, (ii) upon exercise of the Representative's
Warrants at an exercise price of $15.14 per share, to purchase 174,998 Shares of
Common Stock, subject to adjustment upon the occurrence of certain anti-dilutive
events, and (iii) upon exercise of the Representative's IPO Warrants at an
exercise price of $14.83 per two IPO Warrants, to purchase 86,275 Shares of
Common Stock, subject to adjustment upon the occurrence of certain anti-dilutive
events.
This Prospectus Supplement No. 1 also amends the Selling
Securityholders section to name each individual selling securityholder (who are
either employees of Josephthal Lyon & Ross Incorporated or other members of the
underwriting group which participated in the Company's initial public offering)
as follows:
SECURITIES
SELLING SECURITYHOLDERS BEING OFFERED
- - ----------------------- -------------
Matthew Balk 9,943 Shares
6,470 Rep. IPO Warrants
Lawrence Borgman 3,073 Shares
2,000 Rep. IPO Warrants
Kevin Carey 3,841 Shares
2,500 Rep. IPO Warrants
Thomas DePetrillo 54,251 Shares
35,300 Rep. IPO Warrants
William Dioguardi 171 Shares
112 Rep. IPO Warrants
Paul Fitzgerald 422 Shares
275 Rep. IPO Warrants
Frank Garriton 3,073 Shares
2,000 Rep. IPO Warrants
Anthony Guzzi 53 Shares
35 Rep. IPO Warrants
Arthur Jenkins 33,043 Shares
21,500 Rep. IPO Warrants
Michael Loew 3,372 Shares
2,195 Rep. IPO Warrants
George McGoldrick 3,073 Shares
2,000 Rep. IPO Warrants
Nicholas Moceri 6,147 Shares
4,000 Rep. IPO Warrants
Dan Purges 70,398 Shares
45,806 Rep. IPO Warrants
Lawrence Rice 5,862 Shares
3,815 Rep. IPO Warrants
Charles Roden 4,333 Shares
2,820 Rep. IPO Warrants
Pasquale Ruggeri 33,043 Shares
21,500 Rep. IPO Warrants
Averell Satloff 4,263 Shares
2,775 Rep. IPO Warrants
Peter Sheib 11,252 Shares
7,322 Rep. IPO Warrants
Michael Taylor 7,223 Shares
4,700 Rep. IPO Warrants
Henry Tow 2,305 Shares
1,500 Rep. IPO Warrants
Mary Vitullo 53 Shares
35 Rep. IPO Warrants
Scott A. Weisman 2,059 Shares
1,340 Rep. IPO Warrants
This Prospectus Supplement No. 1 should be read in conjunction with the
Prospectus dated August 16, 1996.
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