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FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
[ ] Check box if no Washington, D.C. 20549 OMB APPROVAL
longer subject to Section ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0362
16. Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities Exchange Act of Expires: September 30, 1998
obligations may continue. 1934, Section 17(a) of the Public Utility Holding Company Act of Estimated average burden
See Instruction 1(b). 1935 or Section 30(f) of the Investment Company Act of 1940 hours per response......1.0
[ ] Form 3 Holdings Reported
[ ] Form 4 Transaction Reported
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1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to
Reporting Person* Paravant Computer Systems, Inc. Issuer (Check all applicable)
Maguire Michael F. PVAT; PVATW X Director 10% Owner
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(Last) (First) (Middle) 3. IRS or Social 4. Statement for Officer (give Other (specify
Security Number of Month/Year --- title --- below)
c/o Paravant Computer Systems, Inc. Reporting Person September 1997 below)
1615A West Nasa Boulevard (Voluntary) __________________________
___________________________________ _____________________________________________________________________
(Street)
5. If Amendment, 7. Individual or Joint/Group Reporting
Melbourne Florida 32901 Date of Original (check applicable line)
___________________________________ (Month/Year) X Form Filed by One Reporting Person
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(City) (State) (Zip) Form Filed by More than One
--- Reporting Person
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Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Transaction 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) Date (Month/ Code or Disposed of (D) Securities Form: Direct of Indirect
Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Beneficial
--------------------------- Owned at end Indirect (I) Ownership
of Issuer's (Instr. 4) (Instr.4)
Fiscal Year
(A) or (Instr. 3
Amount (D) Price and 4)
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* If the form is filed by more than one reporting person, see
instruction 4(b)(v).
(Over)
SEC 2270 (7-96)
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FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative 6. Date
(Instr. 3) of Exercise Date Code Securities Acquired Exercisable
Price of (Month/ (Instr. 8) (A) or Disposed of and
Derivative Day/ (D) (Instr. 3, 4 Expiration
Security Year) and 5) Date
(Month/
Day/
Year)
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------------------ Date Expira-
Exer- tion
(A) (D) cisable Date
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Option (right to buy) (a)(b) $.7167 3/2/96 3/2/05
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Option (right to buy) (a)(c) $1.67 5/31/96 5/31/06
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Option (right to buy) (c) $6.00 2/27/97 A 7,500 2/27/97 2/27/07
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7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature
Underlying Securities Derivative Derivative of of Indirect
(Instr. 3 and 4) Security Securities Derivative Beneficial
(Instr. 5) Beneficially Security: Ownership
Owned at Direct (D) (Instr. 4)
End of or
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Amount or (Instr. 4) (Instr. 4)
Number of
Title Shares
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Common Stock 6,000 6,000 D
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Common Stock 7,500 7,500 D
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Common Stock 7,500 7,500 D
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Explanation of Responses:
(a) The number of shares of Common Stock underlying options granted prior to
July 25, 1996, as well as the exercise price thereof, have been adjusted to
give effect to a 3-for-1 stock split effected by the Issuer on July 25,
1996.
(b) Granted under the Issuer's Incentive Stock Plan, as amended, which is a
Rule 16b-3 plan. The right to exercise the option is vested over a
three-year period from the date of grant, with one-third of the shares
subject to a grant to become vested (and consequently exercisable) on each
of the first three anniversaries of the date of grant. For purposes of
clarification, the date of grant of an option is inserted in the Table II
column relating to the date on which the option is exercisable.
(c) Granted under the Issuer's Nonemployee Directors' Stock Option Plan, which
is a Rule 16b-3 plan. Options granted under such plan are exercisable
immediately upon grant.
/s/ Michael F. Maguire 11/13/97
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**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
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SEC 2270 (7-96)