-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DyTmFVgvbs4q6B2g4nZjcFV+WTatNmmbGUiPfq+qfzR6cwlEZURl3+0sEk7J8VyP 8eQWFkJ+9LDXhmbSzq7sYQ== 0000931467-95-000017.txt : 19951119 0000931467-95-000017.hdr.sgml : 19951119 ACCESSION NUMBER: 0000931467-95-000017 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19951114 SROS: NYSE SROS: PSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DDL ELECTRONICS INC CENTRAL INDEX KEY: 0000026987 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 330213512 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-15784 FILM NUMBER: 95592755 BUSINESS ADDRESS: STREET 1: 7320 SW HUNZIKER ROAD #300 CITY: TIGARD STATE: OR ZIP: 97223-2302 BUSINESS PHONE: 5036201789 MAIL ADDRESS: STREET 1: 7320 SW HUNZIKER ROAD #300 CITY: TIGARD STATE: OR ZIP: 97223-2302 FORMER COMPANY: FORMER CONFORMED NAME: DATA DESIGN LABORATORIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: DATA DESIGN LABORATORIES DATE OF NAME CHANGE: 19880817 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COOK WILLIAM E CENTRAL INDEX KEY: 0000940403 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 14775 S W PEACHTREE DRIVE CITY: TIGARD STATE: OR ZIP: 97224 BUSINESS PHONE: 5035903588 MAIL ADDRESS: STREET 1: DDL ELECTRONICS INC STREET 2: 1270 NW 167TH PLACE CITY: BEAVERTON STATE: OR ZIP: 97006 SC 13D/A 1 AMENDMENT NO. 2 TO SCHEDULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* DDL Electronics, Inc. --------------------- (Name of Issuer) Common Stock --------------------- (Title of Class of Securities) 233167 10 5 ----------- (CUSIP Number) William E. Cook, 14775 Peachtree Drive, Tigard, Oregon 97224, (503) 590-3588 ---------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 30, 1995 ------------------------------- (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 should be sent. *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). 2 Schedule 13D CUSIP No. 233167 10 5 Page 2 of 3 Pages 1. Name of reporting person S.S. or I.R.S. identification no. of above person William E. Cook 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 of organization U.S. Citizen 7. Number of shares beneficially owned by each reporting person with sole voting power 706,116 8. Number of shares beneficially owned by each reporting person with shared voting power Not applicable 9. Number of shares beneficially owned by each reporting person with sole dispositive power 706,116 10. Number of shares beneficially owned by each reporting person with shared dispositive power Not applicable 11. Aggregate amount beneficially owned by each reporting person 706,116 12. Check box if the aggregate amount in Row (11) excludes certain shares* ____ Not applicable 13. Percent of class presented by amount in Row (11) 4.33% 3 CUSIP No. 233167 10 5 Page 3 of 3 Pages 14. Type of reporting person* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 4 Item 1. Security and Issuer This schedule relates to shares of common stock, $.01 par value, of DDL Electronics, Inc., a Delaware corporation (the "Company"), whose principal executive offices are located at 7320 S.W. Hunziker Road, Suite 300, Tigard, Oregon 97223. Item 2. Identity and Background (a) The name of the person filing this schedule is William E. Cook. (b) Mr. Cook's address is 14775 Peachtree Drive, Tigard, Oregon 97224. (c) Mr. Cook's present principal occupation is to acquire, own, hold, and dispose of investments for his own account. (d) During the past five years, Mr. Cook has not been convicted in any criminal proceeding. (e) During the past five years, Mr. Cook has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which resulted 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) Mr. Cook is a citizen of the United States. Item 3. Source and Amount of Funds or Other Consideration Mr. Cook has financed, and will continue to finance, the exercise of the options described in Item 6 with personal funds. Item 4. Purpose of Transaction The purpose of this transaction is to exercise the options described in Item 6 until Mr. Cook has exercised all such options before they terminate under the 1991 Option Agreement (described below), as superseded by the 1993 Option Agreement (described below), the agreements under which the Company granted such options to Mr. Cook, and then to dispose of all or substantially all of the shares acquired thereby primarily through open market sales. Except as set forth above, Mr. Cook does not have any plans or proposals which relate to or would result in any of the matters described in subparagraphs (a) through (j) of this Item 4. Item 5. Interest in Securities of the Issuer (a) Mr. Cook is the beneficial owner in the aggregate of 706,116 shares of the common stock, $.01 par value, of the Company of which he is the owner and holder of record of 166,654 shares and of which he has the option to purchase 539,462 shares, representing in the aggregate 4.33% of such class. (b) Mr. Cook has the sole power to vote or to direct the vote and the sole power to dispose or to direct the disposition of 166,654 shares of common stock, $.01 par value, of the Company and, upon exercise of all of the options to purchase 539,462 shares of such common stock, he will also have the sole power to vote or direct the vote and sole power to dispose or direct the disposition of such shares of common stock acquired thereby. Mr. Cook is not the beneficial owner of any shares of stock in which he shares the power to 5 vote or to direct the vote or shares the power to dispose or direct the disposition. (c) Mr. Cook effected the following transactions in the shares of common stock, $.01 par value, of the Company during the past 60 days: (1) On November 1, 1995, he exercised options to purchase 150,000 shares of such common stock at $.50 per share, and (2) On September 19, 1995, he sold 10,000 shares of such common stock at $2.00 per share, on October 11, 1995, 13,000 shares at $2.00 per share, on October 16, 1995, 3,100 shares at $2.50 per share, on October 17, 1995, 30,000 shares at $2.375 per share, on October 19, 1995, 10,000 shares at $2.25 per share, on October 20, 1995, 10,800 shares at $2.50 per share, on October 25, 1995, 10,046 shares at $2.50 per share, on October 25, 1995, 46,000 shares at $2.375 per share, on October 26, 1995, 200 shares at $2.50 per share, on October 26, 1995, 15,000 shares at $2.25 per share, on October 27, 1995, 22,300 shares at $2.25 per share, on November 2, 1995, 7,000 shares at $2.50 per share, and on November 8, 1995, 6,700 shares at $2.625 per share (all of which sales were open market sales). (d) Not applicable. (e) On October 30, 1995, Mr. Cook ceased to be the beneficial owner of five percent of the shares of common stock, $.01 par value, of the Company. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. On December 3, 1991, Mr. Cook and the Company entered into a General Nonstatutory Stock Option Agreement (the "1991 Option Agreement"), by the terms of which the Company granted to him options to purchase 596,992 shares of its common stock at $.50 per share. Certain antidilution provisions of the 1991 Option Agreement required that the Company grant additional options to Mr. Cook upon the occurrence of specific events. The Company, pursuant to these provisions, granted to Mr. Cook an additional 493,287 options. In 1993, the Company terminated the 1991 Option Agreement and in its place adopted the 1993 Stock Incentive Plan and 1993 Nonemployee Director Stock Option Plan. It also entered into a separate stock option agreement with Mr. Cook which incorporated the antidilution provisions contained in the 1991 Option Agreement (the "1993 Option Agreement"). The Company granted to Mr. Cook an additional 4,183 options under the 1993 Option Agreement. In summary, the Company granted to Mr. Cook 1,094,462 options. Mr. Cook as of the date of this schedule has exercised 555,000 options under the 1991 Option Agreement, as superseded by the 1993 Option Agreement, and has sold 388,346 shares acquired thereby. Item 7. Material to Be Filed as Exhibits (a) 1993 Stock Incentive Plan and 1993 Non-Employee Directors Stock Option Plan (incorporated by reference to Exhibits 4.7 and 4.8 to the Issuer's Registration Statement on Form S-8, Commission File No. 33-74400). (b) DDL Electronics, Inc. Stock Option Agreement 1993 Stock Incentive Plan between DDL Electronics, Inc. and Mr. Cook dated January 10, 1994 (incorporated by reference to Exhibit 99.1 to Mr. Cook's Amendment No. 1 to Schedule 13D filed October 2, 1995). 6 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. November 10, 1995 /s/ William E. Cook - ----------------------------- ------------------------------------- Date Signature William E. Cook ------------------------------------- Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name of any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----