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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
PROTOSOURCE CORPORATION
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
743958-40-7
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(CUSIP Number)
Richard L. Schmidt
509 Center Street
Middleburg, PA 17842
(717) 444-3395
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(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
October 12, 1998
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(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 [ ].
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_______________________________________________________________________________
CUSIP No 151154309 SCHEDULE 13D Page 2 of 4
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard L. Schmidt, SS# ###-##-####
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OR ORGANIZATION
USA
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 150,000
|_____|________________________________________________________
NUMBER OF | |
SHARES | 8 | SHARED VOTING POWER
BENEFICIALLY | |
OWNED BY |_____|________________________________________________________
EACH | |
REPORTING | 9 | SOLE DISPOSITIVE POWER
PERSON WITH | | 150,000
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| |
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
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14 TYPE OF REPORTING PERSON
IN
______________________________________________________________________________
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Page 3 of 4
Item 1. Security and Issuer.
This Statement relates to shares of common stock, no par value (the
"Common Stock"), of Protosource Corporation, a California corporation (the
"Issuer"). The principal executive offices of the Issuer are located at 23000
Tulare Street, Fresno, CA 93721
Item 2. Identity and Background.
(a) This Statement is filed on behalf of Richard L. Schmidt (the
"Reporting Person").
(b) The residence address of the Reporting Person is 509 Center Street,
Middleburg, PA 17842
(c) The principal occupation of the Reporting Person is manufacturer of
prefabricated houses.
(d) During the last five years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, the Reporting Person has not been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction resulting in a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, Federal or
state securities laws or finding any violation with respect to such laws.
(f) The Reporting Person is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
The Reporting Person acquired 40,000 shares of Common Stock by purchase
for cash in an open market transaction. The transaction was consummated on
October 12, 1998.
Item 4. Purpose of Transaction.
The Reporting Person acquired the shares of Common Stock for investment
purposes and with a view to their resale.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Person beneficially owns 150,000 shares of Common
Stock, representing approximately 8.3% of the outstanding shares of Common Stock
of the Issuer.
(b) The Reporting Person has sole voting and dispositive power with
respect to 150,000 shares of Common Stock.
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Page 4 of 4
(c) The Reporting Person acquired 110,000 shares of Common Stock by
purchase for cash in an open market transaction. The transaction was consummated
on September 3, 1998.
(d) and (e) N/A.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
N/A
Item 7. Material to be Filed as Exhibits.
N/A
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: November 13, 1998 /s/ Richard L. Schmidt
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Richard L. Schmidt
