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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
-----
MICRION CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
59479P102
- --------------------------------------------------------------------------------
(CUSIP Number)
Jeffrey S. Lambert, Strome Susskind Investment Management, L.P.
100 Wilshire Blvd., 15th Floor, Santa Monica, CA 90401
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of person Authorized to Receive Notices and
Communications)
July 16, 1996
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [_].
Check the following box if a fee is being paid with this statement [_]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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 the
Notes).
<PAGE>
- ----------------------- Schedule ---------------------
CUSIP NO. 59479P102 13D PAGE 2 OF 5 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Strome Susskind Hedgecap Fund, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
See 13G of Strome Susskind Investment Management, L.P. Filed with the SEC
on March 18, 1996.
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
180,550
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
180,550
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
180,550
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
See 13G of Strome Susskind Investment Management, L.P. Filed with the SEC
on March 18, 1996.
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.5%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Page 3 of 5
United States Securities and Exchange Commission
Schedule 13D
*****************************
Item 1. Security and Issuer:
Common Stock, no par value
Micrion Corporation
One Corporation Way
Peadbody, MA 01960-7990
Item 2. Identity and Background:
a. Strome Susskind Hedgecap Fund, L.P.
b. 100 Wilshire Blvd., 15th Floor
Santa Monica, CA 90401
c. Principal Business: Investment Partnership
d. None
e. None
f. Delaware
See 13G of Strome Susskind Investment Management, L.P., filed with the
Securities and Exchange Commission on March 18, 1996.
Item 3. Source and Amount of Funds or Other Consideration.
Investment partnership funds were derived by a combination of cash contributions
to the partnership by the limited partners and, additionally, from the use of
margin by the partnership.
Item 4. Purpose of Transaction.
The shares of the issuer were purchased for investment purposes. The
partnership will consider making further sales or purchases of the stock.
<PAGE>
Page 4 of 5
Item 5. Interest in Securities of the Issuer
a-b. Strome Susskind Hedgecap Fund, L.P. has the shared dispositive power
involving 180,550 shares representing 4.5% of the 4,028,064 shares outstanding.
(See 13G of Strome Susskind Investment Management, L.P. filed with the
Securities and Exchange Commission on March 18, 1996)
c. Transactions by Reporting Person during past 60 days were as follows (all
public transactions were effected through Strome Susskind Securities, L.P., an
affiliate of the Reporting Person that is a registered broker/dealer, as
broker):
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------
DATE TYPE # OF SHARES PRICE WHERE/HOW TRANSACTION EFFECTED
- -------------------------------------------------------------------------
<C> <C> <C> <C> <S>
06-11-96 sl 3,750 33.46 OTC Regular Settlement
- -------------------------------------------------------------------------
06-12-96 sl 24,375 30.54 OTC Regular Settlement
- -------------------------------------------------------------------------
06-13-96 sl 60,750 22.62 OTC Regular Settlement
- -------------------------------------------------------------------------
06-13-96 by 1,875 21.54 OTC Regular Settlement
- -------------------------------------------------------------------------
06-14-96 by 61,500 22.32 OTC Regular Settlement
- -------------------------------------------------------------------------
06-14-96 sl 5,250 21.85 OTC Regular Settlement
- -------------------------------------------------------------------------
06-17-96 sl 1,500 21.71 OTC Regular Settlement
- -------------------------------------------------------------------------
06-20-96 sl 750 19.84 OTC Regular Settlement
- -------------------------------------------------------------------------
06-21-96 sl 3,000 15.96 OTC Regular Settlement
- -------------------------------------------------------------------------
06-24-96 by 3,000 12.20 OTC Regular Settlement
- -------------------------------------------------------------------------
06-25-96 by 11,250 11.79 OTC Regular Settlement
- -------------------------------------------------------------------------
06-27-96 by 7,500 11.79 OTC Regular Settlement
- -------------------------------------------------------------------------
06-27-96 sl 3,750 13.71 OTC Regular Settlement
- -------------------------------------------------------------------------
06-28-96 sl 3,750 14.46 OTC Regular Settlement
- -------------------------------------------------------------------------
07-11-96 by 7,500 12.79 OTC Regular Settlement
- -------------------------------------------------------------------------
07-11-96 sl 11,250 12.67 OTC Regular Settlement
- -------------------------------------------------------------------------
07-12-96 sl 7,500 11.96 OTC Regular Settlement
- -------------------------------------------------------------------------
07-16-96 by 7,500 11.22 OTC Regular Settlement
- -------------------------------------------------------------------------
07-16-96 sl 15,000 11.09 OTC Regular Settlement
- -------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------
<C> <C> <C> <C> <S>
07-17-96 sl 11,250 11.59 OTC Regular Settlement
- -------------------------------------------------------------------------
07-18-96 sl 975 12.71 OTC Regular Settlement
- -------------------------------------------------------------------------
07-22-96 by 7,500 11.29 OTC Regular Settlement
- -------------------------------------------------------------------------
07-22-96 sl 26,250 10.73 OTC Regular Settlement
- -------------------------------------------------------------------------
07-23-96 sl 11,250 10.13 OTC Regular Settlement
- -------------------------------------------------------------------------
07-24-96 sl 21,750 9.39 OTC Regular Settlement
- -------------------------------------------------------------------------
</TABLE>
d. Not applicable.
Page 5 of 5
e. Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Not applicable.
Item 7. Material to be Filed as Exhibits.
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.
STROME SUSSKIND HEDGECAP
FUND, L.P.
July 26, 1996 /s/ Jeffrey S. Lambert
---------------- --------------------------------
Date Jeffrey S. Lambert
Chief Financial Officer
for Strome Susskind Investment
Management, L.P.
General Partner of Strome Susskind
Hedgecap Fund, L.P.
