-----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, Euh9j0nesnwkN7knPwKxjbW5812UB5tXeHcJzNCdIQH40cDKyqjD2gsbOPzND1si +jjIvnzzewkE8mgM27GdpQ== 0001064669-99-000013.txt : 19990125 0001064669-99-000013.hdr.sgml : 19990125 ACCESSION NUMBER: 0001064669-99-000013 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981130 FILED AS OF DATE: 19990122 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: 99509735 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 - NOVEMBER 1998* UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) 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 Miller, III, Lloyd I. c/o Porta Systems Corp. 575 Underhill Boulevard Syosset, NY 11791 2. Issuer Name and Ticker or Trading Symbol Porta Systems Corp. PSI 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year November 1998* 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 | ___________________________________________________________________________________________________________________________________| 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, $.01 par valu|11/20/|P | |20,000* |A |$1.50 |54,247 |D | | e |98* | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Common Stock, $.01 par valu| | | | | | |1,691,733** |I | | e | | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ 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)| | ___________________________________________________________________________________________________________________________________| Non-Qualified Stock Op|$3.85 |5/98 | | | | | |04/30|Common Stock|2,000 |*** |2,000 |D | | tion | | | | | | | |/08 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Series B Warrants |$3.00 |1/98 | | | | | |12/31|Common Stock|25,000 | |75,000** |I |**** | | | | | | | | |/02 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Series B Warrants |$3.00 |1/98 | | | | | |12/31|Common Stock|25,000 | |75,000** |I |***** | | | | | | | | |/02 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Series B Warrants |$3.00 |1/98 | | | | | |12/31|Common Stock|5,000 | |15,000** |I |****** | | | | | | | | |/02 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Series B Warrants |$3.00 |1/98 | | | | | |12/31|Common Stock|5,000 | |15,000** |I |******* | | | | | | | | |/02 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Series B Warrants |$3.00 |1/98 | | | | | |12/31|Common Stock|5,000 | |15,000** |I |******** | | | | | | | | |/02 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Series B Warrants |$3.00 |1/98 | | | | | |12/31|Common Stock|5,000 | |15,000** |I |********* | | | | | | | | |/02 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| Series B Warrants |$3.00 |1/98 | | | | | |12/31|Common Stock|5,000 | |15,000** |I |********** | | | | | | | | |/02 | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: * These shares are being purchased pursuant to the Company's Stock Purchase Program (the "Program"). The date shown is the date of approval of the Program by the Company's board of directors. The agreement to purchase the shares was executed in December 1998 or January 1999. Payment for the shares are being made by an offset against director's fees. ** The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein. *** These options are granted pursuant to the Company's 1996 Long-Term Incentive Plan, a 16b-3 plan, and are exercisable in installments. **** By Lloyd I Miller - Trust A-2. ***** By Lloyd Miller III Keogh Plan. ****** By Lloyd I. Miller III, Trustee f/b/o Kimberly S. Miller. ******* By Lloyd I. Miller III, Trustee f/b/o Catherine C. Miller. ******** By Lloyd I. Miller III, custodian under Florida UMGA for Alexandra B. Miller. ********* By Lloyd I. Miller, III, Trustee for Lloyd I. Miller III, Generation Skipping Trust, u/a/d 12/31/91. ********** By Lloyd I. Miller III, custodian under Florida UMGA for Lloyd I. Miller, IV. *********** By Lloyd I. Miller III, custodian under Florida UMGA for Alexandra B. Miller. SIGNATURE OF REPORTING PERSON /s/ Lloyd I. Miller, III DATE January 20, 1999 -----END PRIVACY-ENHANCED MESSAGE-----