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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
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TELULAR CORPORATION
(NAME OF ISSUER)
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COMMON STOCK, PAR VALUE $.01
(TITLE OF CLASS OF SECURITIES)
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87970T 10 9
(CUSIP NUMBER)
*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 NOTES).
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CUSIP NO. 87970T10 13G PAGE 2 of 6 PAGES
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<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DNIC Brokerage Company
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF 5 SOLE VOTING POWER
SHARES 4,559,841**
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED 0**
BY -----------------------------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH
4,559,841**
REPORTING
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 0**
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,559,841**
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.9%**
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12 TYPE OF REPORTING PERSON*
CO
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</TABLE>
** SEE ITEM 4 OF THIS FILING.
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 2 OF 8 PAGES
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CUSIP NO. 87970T10 13G PAGE 3 of 6 PAGES
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<TABLE>
<S> <C>
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William L. De Nicolo
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 43,117**
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED 4,592,841**
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BY 7 SOLE DISPOSITIVE POWER
EACH 43,117*
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REPORTING 8 SHARED DISPOSITIVE POWER
PERSON 4,592,841**
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,117**
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
X
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.1%**
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12 TYPE OF REPORTING PERSON*
IN
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</TABLE>
** SEE ITEM 4 OF THIS FILING.
*SEE INSTRUCTION BEFORE FILLING OUT!
PAGE 2 OF 8 PAGES
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ITEM 1.
(a) NAME OF ISSUER: Telular Corporation (the "Company").
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
647 North Lakeview Parkway
Vernon Hills, IL 60061
ITEM 2.
(a) - (c) NAME, PRINCIPAL BUSINESS ADDRESS, AND CITIZENSHIP OF PERSONS
FILING:
DNIC Brokerage Company
20546 North Milwaukee Avenue, Box 356
Deerfield, IL 60015
Citizenship: Illinois
William L. De Nicolo
Telular Corporation
647 North Lakeview Parkway
Vernon Hills, IL 60061
Citizenship: United States
(d) TITLE OF CLASS OF SECURITIES: Common Stock, Par Value $.01 Per Share
(e) CUSIP NUMBER: 87970T10
ITEM 3.
Not Applicable.
ITEM 4. OWNERSHIP
(a) - (c)
The information in items 1 and 5 through 11 on the cover pages
(pp. 2-3) on Schedule 13G is hereby incorporated by reference.
DNIC Brokerage Company ("DNIC") owns 4,559,841 shares, or
approximately 13.9%, of the outstanding shares of Common Stock. DNIC has sole
voting and investment power with respect to all shares of Common Stock held by
DNIC.
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William L. De Nicolo directly owns 43,117 shares, or
approximately 0.1% of the outstanding shares of Common Stock. Mr. De Nicolo
has sole voting and investment power with respect to all shares of Common Stock
held by him. Through his ownership of stock of DNIC, Mr. De Nicolo also has an
indirect beneficial interest of 68.7% in the shares of Common Stock held by
DNIC. As an officer, director and the principal stockholder of DNIC, Mr. De
Nicolo may be deemed to share voting and investment power with respect to all
shares of Common Stock held by DNIC. On December 16, 1996, Mr. De Nicolo made
an irrevocable charitable gift of 33,000 shares of Common Stock to the De
Nicolo Family Foundation, Inc. (the "Foundation"). As an officer and director
of the Foundation, Mr. De Nicolo may be deemed to share voting and investment
power with respect to all shares of Common Stock held by the Foundation. Mr.
De Nicolo disclaims beneficial ownership with respect to all but 43,117 shares
of Common Stock.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following [ ].
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.
William De Nicolo, in his capacity as an officer, director,
and principal shareholder of DNIC and as an officer and director of the
Foundation, may be deemed to share voting and investment power with respect to
all shares of Common Stock held by DNIC and the Foundation.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
By signing below, I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the ordinary
course of business and
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were not acquired for the purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and were not acquired
in connection with or as a participant in any transaction having such purposes
or effect.
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.
DNIC BROKERAGE COMPANY
BY:
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NAME: Date
TITLE:
WILLIAM L. De NICOLO
BY:
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NAME: Date
TITLE:
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