-----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, K7exrzjQggthuP+Toms7kGyJkxjVRvctM5FXezpImc7wPbFA//Em0C+xMLWRbGZN WI99hJ7FCI96a28wTP3O+g== 0000950123-98-008199.txt : 19980911 0000950123-98-008199.hdr.sgml : 19980911 ACCESSION NUMBER: 0000950123-98-008199 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980831 FILED AS OF DATE: 19980910 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PORTA SYSTEMS CORP CENTRAL INDEX KEY: 0000079564 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [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: 98707477 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 FORM 4 1 - ------ -------------------------------- FORM 4 OMB APPROVAL - ------ -------------------------------- [ ] Check this box if no longer OMB Number 3235-0287 subject to Section 16 Form 4 or Expires: September 30, 1998 Form 5 obligations may continue. Estimated average burden See Instruction 1(b). hours per response ......... 0.5 -------------------------------- 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 (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 (Voluntary) ###-##-#### - ----------------------------------------------------------- 4. Statement for Month/Year August, 1998 - ----------------------------------------------------------- 5. If Amendment, Date or Original (Month/Year) - ----------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner ----- ----- Officer (give Other (specify ----- title below) ----- 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
- ----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature (Instr. 3) action action or Disposed of (D) Securities ship of Indirect Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial (Instr. 8) Owned at Direct Owner- (Month/ End of Month (D) or ship Day/ ------------------------------------------ Indirect Year) (A) or (I) Code V Amount (D) Price (Instr. 3 and 4) (Instr. 4) (Instr. 4) - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 8/17/98 P 26,400(1) A $2.500 I By Milfam II - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 8/18/98 P 6,000(1) A $2.650 I By Milfam II - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 8/19/98 P 1,900(1) A $2.500 I By Milfam II - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 8/21/98 P 6,700(1) A $2.500 470,763(1) I By Trust A-4 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 8/27/98 P 37,000(1) $2.209 181,762(1) I By Milfam II - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 34,247 D - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 1,000(1) I By wife - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 694,503(1) D By Milfam I, L.P.P - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 363,705(1) I By Trust C - -----------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of (Over) securities beneficially owned directly or indirectly. SEC 1474(7-96) *If the form is filed by more than one reporting person, see Instruction 4(b)(v). Page 1 of 2 2 FORM 4 (CONTINUED) 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. TRANSACTION 4. TRANSACTION 5. NUMBER OF DERIVATIVE 6. DATE EXERCISABLE (INSTR. 3) OR EXERCISE DATE (MONTH/ CODE (INSTR. 8) SECURITIES ACQUIRED (A) AND EXPIRATION PRICE OF DAY/YEAR) OR DISPOSED OF (D) DATE (MONTH/DAY/ DERIVATIVE (INSTR. 3, 4, AND 5) YEAR) SECURITY ------------------- DATE ---------------------------------------------- EXER- EXPIRATION CODE V (A) (D) CISABLE DATE - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- Non-Qualified Stock Option $3.85 5/98 A 2,000 11/1/98 4/31/08 - ----------------------------------------------------------------------------------------------------------------------------------- Series B Warrants - ----------------------------------------------------------------------------------------------------------------------------------- Series B Warrants - ----------------------------------------------------------------------------------------------------------------------------------- Series B Warrants - ----------------------------------------------------------------------------------------------------------------------------------- Series B Warrants - ----------------------------------------------------------------------------------------------------------------------------------- Series B Warrants - ----------------------------------------------------------------------------------------------------------------------------------- Series B Warrants - ----------------------------------------------------------------------------------------------------------------------------------- Series B Warrants - ----------------------------------------------------------------------------------------------------------------------------------- - -----------------------------------------------------------------------------------------------------------------------------------
7. TITLE AND AMOUNT OF 8. PRICE OF 9. NUMBER OF 10. OWNERSHIP 11. NATURE OF UNDERLYING SECURITIES DERIVATIVE DERIVATIVE FORM OF INDIRECT (INSTR. 3 AND 4) SECURITY SECURITIES DERIVATIVE BENEFICIAL (INSTR. 5) BENEFICIALLY SECURITY: OWNERSHIP OWNED AT END DIRECT (D) (INSTR. 4) OF MONTH INDIRECT (I) (INSTR. 4) (INSTR. 4) - ---------------------------------------------- AMOUNT OR TITLE NUMBER OF SHARES - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 2,000 N/A 2,000 D - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 25,000 N/A 75,000(1) I By Trust A-2 - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 25,000 N/A 75,000(1) I By Lloyd Miller Keogh Plan - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 5,000 N/A 15,000(1) I Trust f/b/o Kimberly I Miller - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 5,000 N/A 15,000(1) I Trust f/b/o Catherine Miller - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 5,000 N/A 15,000(1) I UGMA Alexandra Miller - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 5,000 N/A 15,000(1) I Trust Lloyd I Miller GST - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock 5,000 N/A 15,000(1) I UGMA Loyd I Miller, IV - -----------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) The reporting person disclaims beneficial ownership of these securities, and thisreport 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. ** 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 is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. /s/ Lloyd I. Miller, III 9/10/98 - ------------------------------------- -------------------------- **Signature of Reporting Person Date Page 2 SEC 1474 (7-96) Page 2 of 2 -----END PRIVACY-ENHANCED MESSAGE-----