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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 4 OMB APPROVAL
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[_] Check this box if no longer OMB NUMBER: 3235-0287
subject to Section 16. Form 4 Expires: September 30, 1998
or Form 5 obligations may Estimated average burden
continue. See Instruction 1(b). hours per response ...... 0.5
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Grand-Clement Jean-Luc
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(Last) (First) (Middle)
c/o Pixtech, Inc.
Avenue Perroy
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(Street)
13790 Rousset France
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
PixTech, Inc. ("PIXT")
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
December 1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
X Director 10% Owner
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X Officer (give Other (Specify
----- title below) ------ below)
President, Chief Executive Officer
and Chairman of the Board
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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Form Filed by More than One Reporting Person
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<TABLE>
<CAPTION>
Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Form: of Indirect
Date Code Beneficially Direct Beneficial
(Instr. 8) (Instr. 3, 4 and 5) Owned at (D) or Ownership
(Month/ ------------ -------------------------- End of Month Indirect (Instr. 4)
Day/ Code V Amount (A) or Price (Instr. 3 (I)
Year) (D) and 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 12/12/97 P 5,000 A $2.625/share - D
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Common Stock 12/15/97 P 5,000 A $2.375/share 71,106 D
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Common Stock 53,606 I By spouse
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
(over)
SEC 1474(7/96)
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<TABLE>
<CAPTION>
FORM 4 (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 2. Conver- 3. Trans- 4. Transac- 5. Number of 6. Date Exercisable
Security (Instr. 3) sion or action tion Derivative and Expiration
Exercise Date Code Securities Date
Price of (Month/ (Instr. 8) Acquired (A) (Month/Day/Year)
Derivative Day/ or Disposed
Security Year) of (D) (Instr.
3, 4 and 5)
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Date Expira-
Exer- tion
Code V (A) (D) cisable Date
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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<CAPTION>
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7. Title and Amount of 8. Price of 9. Number 10. Owner- 11. Nature of
Underlying Securities Deriva- of Deriv- ship Indirect
(Instr. 3 and 4) tive ative Form of Beneficial
Security Securities Deriva- Ownership
(Instr. 5) Benefi- tive (Instr. 4)
cially Security:
Owned at Direct
- ---------------------------- End of (D) Indi-
Amount Month rect (I)
or Num- (Instr. 4) (Instr. 4)
ber of
Title Shares
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<S> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Resources:
** 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 provided is insufficient, see Instruction 6 for procedure.
/s/ Lynnette C. Fallon December 17, 1997
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**Signature of Reporting Person Date
By Lynnette C. Fallon, as Attorney-in-Fact
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