-----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, Vc8/QeC/1YkC9xG8P56J2aYNPk5z8J75DM+aLyvho7pJ/vnx5NdOmP9RvhOlR50N 8OidAmjm515jNjT0S+isYQ== /in/edgar/work/20000710/0000950123-00-006420/0000950123-00-006420.txt : 20000712 0000950123-00-006420.hdr.sgml : 20000712 ACCESSION NUMBER: 0000950123-00-006420 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000601 FILED AS OF DATE: 20000710 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PORTA SYSTEMS CORP CENTRAL INDEX KEY: 0000079564 STANDARD INDUSTRIAL CLASSIFICATION: [3661 ] IRS NUMBER: 112203988 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 001-08191 FILM NUMBER: 670232 BUSINESS ADDRESS: STREET 1: 575 UNDERHILL BLVD CITY: SYOSSET STATE: NY ZIP: 11791 BUSINESS PHONE: 5163649300 MAIL ADDRESS: STREET 1: 575 UNDERHILL BLVD CITY: SYOSSET STATE: NY ZIP: 11791 COMPANY DATA: COMPANY CONFORMED NAME: MILLER LLOYD I III CENTRAL INDEX KEY: 0000949119 STANDARD INDUSTRIAL CLASSIFICATION: [ ]DIRECTOR FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 4650 GORDON DRIVE CITY: NAPLES STATE: FL ZIP: 33940 BUSINESS PHONE: 9412628577 4 1 e4.txt PORTA SYSTEMS CORPORATION 1 OMB APPROVAL ------------------------- OMB Number: 3235-0287 ------------------------- Expires: October 31, 2001 ------------------------- Estimated average burden hours per response...0.5 ------------------------- FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 [_] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Miller III Lloyd I - -------------------------------------------------------------------------------- (Last) (First) (Middle) 4550 Gordon Drive - -------------------------------------------------------------------------------- (Street) Naples FL 34102 - -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Porta Systems Corporation (PSI) - -------------------------------------------------------------------------------- ________________________________________________________________________________ 3. IRS or Social Security Number of Reporting Person, if an entity (Voluntary) ###-##-#### ________________________________________________________________________________ 4. Statement for Month/Year June, 2000 - -------------------------------------------------------------------------------- ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [X] 10% Owner [_] Officer (give title below) [_] Other (specify below) ________________________________________________________________________________ 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 ================================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (Month/Day/Year) Code V (D) and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/5/2000 S 33,500(1) D(1) $2.14 I By Trust A-4 - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/6/2000 S 18,900(1) D(1) $2.216 I By Trust A-4 - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/8/2000 S 17,650(1) D(1) $2.133 I By Trust A-4 - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/12/2000 S 37,000(1) D(1) $2.75 I By Trust A-4 - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/19/2000 S 12,700(1) D(1) $2.00 351,013(3) I By Trust A-4 - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/5/2000 S 33,500(1) D(1) $2.14 I By Trust C - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/6/2000 S 18,900(1) D(1) $2.216 I By Trust C - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/8/2000 S 17,650(1) D(1) $2.133 I By Trust C - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/12/2000 S 36,900(1) D(1) $2.75 I By Trust C - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/15/2000 S 1,500(1) D(1) $2.125 I By Trust C - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/16/2000 S 1,100(1) D(1) $2.00 254,155(3) I By Trust C - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/2/2000 S 42,000(1) D(1) $2.00 I By Milfam I, L.P. ====================================================================================================================================
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) 1 of 4 2 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Common Stock Option $3.85 5/98 04/30/08 Stock 2,000(2) 2,000 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Series B Warrants $3.00 1/98 12/31/02 Stock 25,000(3) 25,000 I By Trust A-2 - ------------------------------------------------------------------------------------------------------------------------------------ Common Series B Warrants $3.00 1/98 12/31/02 Stock 25,000(3) 25,000 I By Keogh - ------------------------------------------------------------------------------------------------------------------------------------ Trust f/b/o Common Kimberly I. Series B Warrants $3.00 1/98 12/31/02 Stock 5,000(3) 5,000 I Miller - ------------------------------------------------------------------------------------------------------------------------------------ Trust f/b/o Common Catherine Series B Warrants $3.00 1/98 12/31/02 Stock 5,000(3) 5,000 I Miller - ------------------------------------------------------------------------------------------------------------------------------------ UGMA Common Alexandra Series B Warrants $3.00 1/98 12/31/02 Stock 5,000(3) 5,000 I Miller - ------------------------------------------------------------------------------------------------------------------------------------ Trust Common Lloyd I. Series B Warrants $3.00 1/98 12/31/02 Stock 5,000(3) 5,000 I Miller GST - ------------------------------------------------------------------------------------------------------------------------------------ UGMA Common Lloyd I. Series B Warrants $3.00 1/98 12/31/02 Stock 5,000(3) 5,000 I Miller, IV - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: (1) Shares sold pursuant to a prospectus (2) These options are granted pursuant to the Company's 1996 Long-Term Incentive Plan, a 16b-3 plan, and are exercisable in installments. (3) The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein. /s/ Lloyd I. Miller, III 7/10/00 - --------------------------------------------- ----------------------- **Signature of Reporting Person Date 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). ** 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. 2 of 4 3
1. Name and Address of 2. Issuer Name and Ticker 3. Statement for Month/Year Reporting Person* or Trading Symbol Miller, III Lloyd I Porta Systems Corporation (PSI) June, 2000
- -------------------------------------------------------------------------------- (Continued) ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (Month/Day/Year) Code V (D) and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ By Milfam I, Common Stock 6/6/2000 S 37,500(1) D(1) $2.16 I L.P. - ------------------------------------------------------------------------------------------------------------------------------------ By Milfam I, Common Stock 6/7/2000 S 47,900(1) D(1) $2.39 I L.P. - ------------------------------------------------------------------------------------------------------------------------------------ By Milfam I, Common Stock 6/9/2000 S 26,400(1) D(1) $2.441 I L.P. - ------------------------------------------------------------------------------------------------------------------------------------ By Milfam I, Common Stock 6/13/2000 S 41,500(1) D(1) $2.4809 I L.P. - ------------------------------------------------------------------------------------------------------------------------------------ By Milfam I, Common Stock 6/14/2000 S 300(1) D(1) $2.1875 I L.P. - ------------------------------------------------------------------------------------------------------------------------------------ By Milfam I, Common Stock 6/14/2000 S 7,400(1) D(1) $2.125 I L.P. - ------------------------------------------------------------------------------------------------------------------------------------ By Milfam I, Common Stock 6/27/2000 S 50,000(1) D(1) $1.6875 441,502(3) I L.P. - ------------------------------------------------------------------------------------------------------------------------------------ By Milfam I, Common Stock 1,000(3) I L.P. - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 181,462(3) I By Wife - ------------------------------------------------------------------------------------------------------------------------------------ By Milfam I, Common Stock 54,246(3) D L.P. - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
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) 3 of 4 4 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Series C Warrants $1,90 1/99 12/31/03 Stock 6,250(3) 6,250 I By Trust A-2 - ------------------------------------------------------------------------------------------------------------------------------------ Common Series C Warrants $1.90 1/99 12/31/03 Stock 6,250(3) 6,250 I By Keogh - ------------------------------------------------------------------------------------------------------------------------------------ Trust f/b/o Common Kimberly I. Series C Warrants $1.90 1/99 12/31/03 Stock 1,250(3) 1,250 I Miller - ------------------------------------------------------------------------------------------------------------------------------------ Trust f/b/o Common Catherine Series C Warrants $1.90 1/99 12/31/03 Stock 1,250(3) 1,250 I Miller - ------------------------------------------------------------------------------------------------------------------------------------ UGMA Common Alexandra Series C Warrants $1.90 1/99 12/31/03 Stock 1,250(3) 1,250 I Miller - ------------------------------------------------------------------------------------------------------------------------------------ Trust Common Lloyd I. Series C Warrants $1.90 1/99 12/31/03 Stock 1,250(3) 1,250 I Miller GST - ------------------------------------------------------------------------------------------------------------------------------------ UGMA Common Lloyd I. Series C Warrants $1.90 1/99 12/31/03 Stock 1,250(3) 1,250 I Miller, IV - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
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