-----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, URfHosEkBZhrvAnRWWBe5kfDlpSzwp9VXTcNAmsYU5Wvc7az3/sqeb1Lzs0FW2Zh 7wAUyqsujWeDAMzx4oJysQ== 0000802851-03-000015.txt : 20030711 0000802851-03-000015.hdr.sgml : 20030711 20030711161321 ACCESSION NUMBER: 0000802851-03-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030708 ITEM INFORMATION: Other events FILED AS OF DATE: 20030711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOGIC DEVICES INC CENTRAL INDEX KEY: 0000802851 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 942893789 STATE OF INCORPORATION: CA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17187 FILM NUMBER: 03783924 BUSINESS ADDRESS: STREET 1: 395 WEST JAVA DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94089 BUSINESS PHONE: 4085425400 MAIL ADDRESS: STREET 1: 395 WEST JAVA DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94089 8-K 1 optionforfeits1.htm OPTION SURRENDERS UNITED STATES

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

 

July 8, 2003

(Date of earliest event reported)

 

 

LOGIC Devices Incorporated

(Exact name of registrant as specified in its charter)

 

 

California

94-2893789

(State or other jurisdiction of

(I.R.S. Employer

incorporation or organization)

Identification Number)

 

395 West Java Drive, Sunnyvale, California 94089

(Address of principal executive offices)

(Zip code)

 

(408) 542-5400

(Registrant's telephone number, including area code)

 

 


Item 5.  Other Events

 

On July 8, 2003, Dennis Gross, Vice President - Sales, and Kimiko Milheim, Chief Financial Officer, voluntarily surrendered options to purchase an aggregate of 165,000 shares of common stock of LOGIC Devices Incorporated (the "Company") previously issued to them under the LOGIC Devices Incorporated Incentive and Non-Qualified Stock Option Plan (the "Option Plan") and the LOGIC Devices Incorporated 1996 Stock Incentive Plan (collectively, the "Plans"). In addition, on July 8, 2003, two senior design engineers voluntarily surrendered additional options previously issued under the Option Plan to purchase an aggregate of 7,000 shares of Company common stock. The forfeited options had exercise prices ranging from $1.9375 to $8.00. Under the terms of the Plans, shares underlying the surrendered options are available for future option grants to current and prospective employees. By filing this Current Report on Form 8-K, the Company does not undertake or assume any obligation to report any future voluntary surrenders of options or any other transactions in its options.

 

Item 7.  Financial Statements and Exhibits

 

(a)

Financial statements of business acquired:

 

Not applicable.

 

(b)

Pro forma financial information:

 

Not applicable.

 

(c)

Exhibits:

 

Not applicable.

 


SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

LOGIC Devices Incorporated

(Registrant)

 

 

Date:    July 11, 2003      

By:    /s/ Kimiko Milheim       

 

Kimiko Milheim

 

Chief Financial Officer and Principal Accounting Officer

 

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