<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
PSC Inc.
________________________________________________________________________________
(Name of Issuer)
Common Stock, par value $.01 per share
________________________________________________________________________________
(Title of Class of Securities)
69361E 10 7
_______________________________________________________________
(CUSIP Number)
Spectra-Physics Holdings USA, Inc. Copy to:
108 Webster Building Dechert Price & Rhoads
3411 Silverside Road 4000 Bell Atlantic Tower
Wilmington, DE 19810 1717 Arch Street
(302) 478-4600 Philadelphia, PA 19103-2794
Attn: Ms. Barbara Schoenberg (215) 994-2971
Attn: Carmen J. Romano, Esq.
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
April 8, 1998
_______________________________________________________________
(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 the statement [_]. (A fee is
not required only if the reporting 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
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).
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CUSIP NO. 69361E 10 7
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Spectra-Physics Holdings USA, Inc.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or e(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 552,135
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 552,135
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
552,135
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
- ------------------------------------------------------------------------------
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CUSIP NO. 69361E 10 7
- -----------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Spectra Physics AB
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or e(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF 552,135
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 552,135
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
552,135
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
4.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
- ------------------------------------------------------------------------------
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This Amendment No. 2 amends the Schedule 13D (the "Schedule 13D") filed
on July 22, 1996, by Spectra-Physics, Inc., a Delaware Corporation,
Spectra-Physics Holdings USA, Inc., a Delaware corporation, Spectra-Physics AB a
Swedish corporation, Securum Forvaltning AB, a Swedish corporation, and Securum
AB, a Swedish corporation, as amended by Amendment No. 1, filed on September 23,
1997, with respect to common stock, par value $.01 per share, of PSC Inc., a New
York corporation, whose principal executive offices are located at 675 Basket
Road, Webster, New York 14580.
Unless otherwise defined herein, each capitalized term used herein has
the same meaning ascribed to it in the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
------------------------------------
(e) Item 5(e) is amended to read as follows: On April 8 and April 16,
1998, SPHUI sold 300,000 and 125,000 shares of PSC Common Stock in open market
transactions. As a result of these transactions SPHUI is, and SPAB may be deemed
to be, the beneficial owner of 552,135 shares of PSC Common Stock which SPHUI
and SPAB believe, based on the information contained in the annual report on
Form 10-K for the year ended December 31, 1997, filed by PSC, constitutes 4.8%
of the 11,575,894 shares of PSC Common Stock outstanding as of March 23, 1998.
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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.
Dated: April 17, 1998
SPECTRA-PHYSICS HOLDINGS USA,
INC.
By: /s Lennart Rappe
---------------------------
Name: Lennart Rappe
Title: President
---------
SPECTRA-PHYSICS AB
By: /s Lennart Rappe
---------------------------
Name: Lennart F. Rappe
Title: Senior Vice President
and CFO
