<PAGE> 1
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 9, 1996
REGISTRATION NO. 333-
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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WAVE SYSTEMS CORP.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 13-34772426
(STATE OR OTHER JURISDICTION (I.R.S. EMPLOYER IDENTIFICATION NO.)
OF INCORPORATION OR ORGANIZATION)
540 MADISON AVENUE 10022
NEW YORK, NEW YORK (ZIP CODE)
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
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WAVE SYSTEMS CORP.
1994 STOCK OPTION PLAN
(FULL TITLE OF THE PLAN)
JAMES S. HATCH
WAVE SYSTEMS CORP.
540 MADISON AVENUE
NEW YORK, NEW YORK 10022
(NAME AND ADDRESS OF AGENT FOR SERVICE)
TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE:
(212) 755-3282
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CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
====================================================================================================================================
Proposed Proposed
Maximum Maximum
Title of Securities to be Amount to be Offering Price Aggregate Amount of
Registered Registered Per Share(1) Offering Price(1) Registration Fee
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Class A Common Stock, $.01 par 1,000,000 Shares $1.76 $1,760,000 $606.90
value.............................
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</TABLE>
(1) Estimated solely for the purpose of computing the registration fee, based on
the average of the high and low prices for the Class A Common Stock as
reported on the Nasdaq National Market System on September 3, 1996.
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<PAGE> 2
INCORPORATED BY REFERENCE
This Registration Statement on Form S-8 relates to the registration of
additional shares reserved for issuance under the registrant's 1994 Stock
Option Plan. Pursuant to General Instruction E. of Form S-8, the contents of
the Registration Statement on Form S-8 (Registration No. 33-97612) filed with
the Securities and Exchange Commission and effective on October 2, 1995 are
hereby incorporated by reference herein.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of New York, State of New York, on the 5th day of
September, 1996.
WAVE SYSTEMS CORP.
By:/s/ Peter J. Sprague
--------------------------------
Name: Peter J. Sprague
Title: Chairman, Chief Executive Officer
and Principal Financial Officer
Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the
capacities and on the dates indicated:
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
--------- ----- ----
<S> <C> <C>
/s/ Peter J. Sprague Chairman, Chief Executive Officer September 5, 1996
- ---------------------------------------- and Principal Financial Officer
Peter J. Sprague
/s/ David Kopans Controller September 5, 1996
- ----------------------------------------
David Kopans
/s/ John E. Bagalay, Jr. Director September 5, 1996
- ----------------------------------------
John E. Bagalay, Jr.
Director September , 1996
- ---------------------------------------- --
Philippe Bertin
/s/ George Gilder Director September 5, 1996
- ----------------------------------------
George Gilder
/s/ John E. McConnaughy, Jr. Director September 5, 1996
- ----------------------------------------
John E. McConnaughy, Jr.
/s/ Gene W. Ray Director September 5, 1996
- ----------------------------------------
Gene W. Ray
</TABLE>
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<PAGE> 4
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION OF DOCUMENT
- ------ -----------------------
<S> <C>
5 Opinion of Curtis, Mallet-Prevost, Colt & Mosle
23.1 Consent of KPMG Peat Marwick LLP
23.2 Consent of Curtis, Mallet-Prevost, Colt & Mosle (included
in Exhibit 5)
</TABLE>
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<PAGE> 1
CURTIS, MALLET-PREVOST, COLT & MOSLE EXHIBIT 5
September 9, 1996
Wave Systems Corp.
540 Madison Avenue
New York, NY 10022
Ladies and Gentlemen:
We have acted as special counsel for Wave Systems Corp., a
Delaware corporation (the "Company"), with respect to the proposed registration
and sale by the Company of an additional 1,000,000 shares of Class A Common
Stock issuable upon the exercise of options granted or to be granted under the
Company's 1994 Stock Option Plan (the "Plan"), covered by a Registration
Statement on Form S-8 (the "Registration Statement") filed with the Securities
and Exchange Commission under the Securities Act of 1933, as amended.
In connection herewith, we have examined the Restated
Certificate of Incorporation and the Restated Bylaws of the Company, the
Registration Statement and all exhibits thereto, and such other documents as we
have considered necessary.
Based upon such examination, it is our opinion that the shares
of Class A Common Stock proposed to be sold by the Company, when sold pursuant
to the Plan and resolutions of the Board of Directors of the Company (and the
Compensation Committee thereof) authorizing the same, will be legally issued,
fully paid and nonassessable. In rendering this opinion, we have assumed that
the exercise price of options will be not less than the par value of the shares
subject thereto.
<PAGE> 2
Wave Systems Corp.
Page 2 September 9, 1996
We hereby consent to the use of this opinion as an exhibit to
the Registration Statement.
We are giving this opinion to the Company, and no person other
than the Company may rely upon it.
Very truly yours,
/s/ Curtis, Mallet-Prevost,
Colt & Mosle
----------------------------------------
Curtis, Mallet-Prevost, Colt
& Mosle
<PAGE> 1
Exhibit 23.1
Independent Auditors' Consent
The Board of Directors
Wave Systems Corp.:
We consent to the use of our report incorporated herein by reference.
KPMG Peat Marwick LLP
New York, New York
September 6,1996
