-----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, C/VGFhdZUGzvMqdl2iu4+4NUEpZB8o67OHkHhbhyTLDTfBBEXoDnmbNcuebNHEUH w7Ql+F5wLqjWMi1Bej9TJQ== 0001018112-97-000003.txt : 19970710 0001018112-97-000003.hdr.sgml : 19970710 ACCESSION NUMBER: 0001018112-97-000003 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970630 FILED AS OF DATE: 19970709 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KURZWEIL APPLIED INTELLIGENCE INC /DE/ CENTRAL INDEX KEY: 0000769191 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 042815079 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-20256 FILM NUMBER: 97637856 BUSINESS ADDRESS: STREET 1: 411 WAVERLEY OAKS ROAD CITY: WALTHAM STATE: MA ZIP: 02154 BUSINESS PHONE: 6178935151 COMPANY DATA: COMPANY CONFORMED NAME: SCARCELLA JOHN CENTRAL INDEX KEY: 0001018112 STANDARD INDUSTRIAL CLASSIFICATION: [] OFFICER FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: KURZWEIL APPLIED INTELLIGENCE INC STREET 2: 411 WAVERLEY OAKS RD CITY: WALTHAM STATE: MA ZIP: 02154 BUSINESS PHONE: 6178935151 MAIL ADDRESS: STREET 1: 411 WAVERLEY OAKS ROAD CITY: WALTHAM STATE: MA ZIP: 02154 4 1 FORM 4 - JUNE 30, 1997 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP (X) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person SCARCELLA, JOHN 411 WAVERLEY OAKS ROAD WALTHAM, MA 02154 2. Issuer Name and Ticker or Trading Symbol KURZWEIL APPLIED INTELLIGENCE, INC. KURZ 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year June 30, 1997 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) VICE PRESIDENT SALES 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock |(1) |J(2)| |100 |D |(2) |-0- |D | | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| Employee Stock Option |$1.50 |(1) |J(3)| |1,000 |D |12/12|2/12/|Common Stock|1,000 |(3) |-0- |D | | | | | | | | |/94 |00 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Employee Stock Option |$1.50 |(1) |J(4)| |1,666 |D |12/31|5/22/|Common Stock|1,666 |(4) |-0- |D | | | | | | | | |/94 |01 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Employee Stock Option |$2.437 |(1) |J(5)| |3,520 |D |(8) |12/31|Common Stock|3,520 |(5) |-0- |D | | | | | | | | | |/02 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Employee Stock Option |$2.437 |(1) |J(6)| |6,000 |D |(9) |4/18/|Common Stock|6,000 |(6) |-0- |D | | | | | | | | | |05 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Employee Stock Option |$2.437 |(1) |J(7)| |25,000 |D |(10) |9/7/0|Common Stock|25,000 |(7) |-0- |D | | | | | | | | | |5 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (1) On June 27, 1997 the Issuer merged (the "Merger") with a subsidiary of Lernout & Hauspie Speech Products NV ("L&H") pursuant to an Agreement and Plan of Merger approved by stockholders of the Issuer on June 26, 1997. (2) Exchanged for $420 in cash and 4.755 shares of common stock of L&H having a value based on the closing price on June 27, 1997 of $27.50 per share. The fractional share is payable in cash at the June 27, 1997 market value. (3) These derivative securities were exchanged for $3,030 in cash and 34.304 shares of L&H common stock (of which the fractional share is payable in cash at the June 27, 1997 market value.) (4) These derivative securities were exchanged for $5,048 in cash and 57.151 shares of L&H common stock (of which the fractional share is payable in cash at the June 27, 1997 market value.) (5) These derivative securities were exchanged for $1,619 in cash;18.326 shares of L&H common stock (of which the fractional share is payable in cash at the June 27, 1997 market value;) and an L&H option to purchase 669.476 shares of L&H common stock at $10.251 per share, with substantially the same terms and conditions as the original option. (6) These derivative securities were exchanged for $2,904 in cash; 32.877 shares of L&H common stock (of which the fractional share is payable in cash at the June 27, 1997 market value;) and an L&H option to purchase 1,126.174 shares of L&H common stock at $10.251 per share, with substantially the same terms and conditions as the original option. (7) These derivative securities were exchanged for $10,777 in cash; 122.005 shares of L&H common stock (of which the fractional share is payable in cash at the June 27, 1997 market value;) and an L&H option to purchase 4,828.975 shares of L&H common stock at $10.251 per share, with substantially the same terms and conditions as the original option. (8) Of these shares, 1,056 become exercisable in quarterly installments from June 30, 1996 through September 30, 1997, and 1,232 are exercisable on each of July 31, 1997 and 1998. (9) Of these shares, 5,052 become exercisable in quarterly installments from July 31, 1996 through April 30, 1999, and 474 are exercisable on each of July 31, 1997 and 1998. (10) These shares become exercisable in quarterly installments from October 31, 1996 through July 31, 2000. SIGNATURE OF REPORTING PERSON John Scarcella DATE June 30, 1997 -----END PRIVACY-ENHANCED MESSAGE-----