UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
DATA SYSTEMS NETWORK CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
237891-10-6
(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 disclosures provided in a prior cover page.
The information required on 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 13G
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Michael W. Grieves
2 Check The Appropriate Box If A Member Of A Group* (a) [ ]
(b) [ ]
3 SEC Use Only
4 Citizenship or Place of Organization
USA
5 Sole Voting Power
Number Of 732,500
Shares 6 Shared Voting Power
Beneficially
Owned By -0-
Each 7 Sole Dispositive Power
Reporting
Person 10,000
With 8 Shared Dispositive Power
722,500
9 Aggregate Amount Beneficially Owned By Each Reporting Person
732,500
10 Check Box If The Aggregate Amount In Row (9) Excludes [ ]
Certain Shares*
11 Percent Of Class Represented By Amount In Row (9)
22.4
12 Type Of Reporting Person*
IN
* SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Item 1(a) Name of Issuer:
DATA SYSTEMS NETWORK CORPORATION (the "Company")
Item 1(b) Address of Issuer's Principal Executive Offices:
34705 West Twelve Mile Road
Suite 300
Farmington Hills, Michigan 48331
Item 2(a) Name of Person Filing:
Michael W. Grieves
Item 2(b) Address of Principal Business Office:
34705 West Twelve Mile Road
Suite 300
Farmington Hills, Michigan 48331
Item 2(c) Citizenship:
USA
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP No.: 237891-10-6
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 732,500
(b) Percent of Class: 22.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote -
732,500 (includes 10,000 shares which may
be purchased upon exercise of employee
stock options as of December 31, 1996)
(ii) shared power to vote or to direct the vote
- 0
(iii) sole power to dispose or to direct the
disposition of - 10,000 (Includes 10,000
shares which may be purchased upon exercise
of employee stock options as of December
31, 1996)
(iv) shared power to dispose or to direct the
disposition of - 722,500 (Includes 150,000
shares which will be held in escrow until
November 7, 1999 unless the Company meets
certain earnings per share targets or
certain other conditions are satisfied. In
addition, Mr. Grieves agreed, in connection
with the Company's initial public offering,
not to sell on a securities exchange or
Nasdaq any of the 722,500 shares prior to
February 5, 1997 without the prior written
consent of certain entities.)
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
<PAGE>
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By Parent
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
Not applicable.
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.
Date: February 4, 1997
/s/ Michael W. Grieves
Michael W. Grieves
