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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4 OMB APPROVAL
[_] CHECK THIS BOX IF NO LONGER -----------------------------
SUBJECT TO SECTION 16. FORM 4 OMB NUMBER: 3235-0287
OR FORM 5 OBLIGATIONS MAY EXPIRES: SEPTEMBER 30, 1998
CONTINUE. SEE INSTRUCTION 1(b). ESTIMATED AVERAGE BURDEN
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)
1. Name and Address of Reporting Person*
Grand-Clement Jean-Luc
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(Last) (First) (Middle)
PixTech, Inc. c/o 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
August 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
[_] Form Filed by More than One Reporting Person
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<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES, ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security 2. Transac- 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) tion Code or Disposed of (D) Securities Form: of
Date (Instr. 8) (Instr. 3, 4, and 5) Beneficially Direct (D) or Indirect
(Month ----------- ------------------------- Owned at end Indirect (I) Beneficial
/Day/ Code V Amount (A) or (D) Price of Month (Instr. 3 and 4) Ownership
Year) (Instr. 3 and 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C>
Common Stock 8/19/97 P 10,000 A $3.50/share 61,106 D
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Common Stock 53,606 1 By Spouse
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</TABLE>
(over)
SEC 1474 (7/96)
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).
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FORM 4 (CONTINUED)
<TABLE>
<CAPTION>
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative Security 2. Conversion 3. Trans- 4. Trans- 5. Number of 6. Date Exercisable 7. Title and Amount
(Instr. 3) or Exercise action action Derivative and Expiration of Underlying
Price of Date Code Securities Date Securities
Derivative (Month/ (Instr.8) Acquired (A) (Month/Day/Year) (Instr. 3 and 4)
Security Day/ or Disposed
Year) of (D) (Instr.
3, 4 and 5)
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Code V (A) (D) Date Expira- Amount or
Exer- tion Number of
cisable Date Title Shares
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<S> <C> <C> <C> <C> <C> <C>
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</TABLE>
<TABLE>
<CAPTION>
8. Price of 9. Number of 10. Ownership 11. Nature of
Derivative Derivative Form of Indirect
Security Securities Derivative Beneficial
(Instr.5) Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month Indirect (I)
(Instr. 4) (Instr.4)
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<S> <C> <C> <C>
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</TABLE>
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Lynnette C. Fallon 8/21/97
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**Signature of Reporting Person Date
By Lynnette C. Fallon, as Attorney-in-Fact
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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