SC 13G/A 1 c58085asc13ga.txt AMENDMENT #5 TO SCHEDULE 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under The Securities Exchange Act of 1934 (Amendment No. 5)* Logic Devices Incorporated ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, No Par Value ------------------------------------------------------------------------------- (Title of Class of Securities) 541402 10 3 ------------------------------------------------------------------------------- (CUSIP Number) March 21, 2000 ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 2 CUSIP NO. 541402 10 3 ------------------------------------------------------------------------------- 1) Names of reporting persons S.S OR I.R.S. identification no. of above persons (entities only) Stephen A. Hellerstein, as Trustee of the Farkas Trusts (15 Irrevocable Trusts) 84-6047410 ------------------------------------------------------------------------------- 2) Check the appropriate box if a member of a group (See Instructions) (a) (b) Not applicable ------------------------------------------------------------------------------- 3) SEC Use Only ------------------------------------------------------------------------------- 4) Citizenship or place of organization Colorado ------------------------------------------------------------------------------- NUMBER OF (5) Sole voting power SHARES BENEFICIALLY 624,305 shares OWNED BY ---------------------------------------------------- EACH (6) Shared voting power REPORTING PERSON -0- WITH ---------------------------------------------------- (7) Sole dispositive power 624,305 shares ---------------------------------------------------- (8) Shared dispositive power -0- ---------------------------------------------------- 9) Aggregate amount beneficially owned by each reporting person 624,305 shares ------------------------------------------------------------------------------- 10) Check if the aggregate amount in row (9) excludes certain shares (See Instructions) Not applicable ------------------------------------------------------------------------------- 11) Percent of class represented by amount in row 9 9.1% ------------------------------------------------------------------------------- 12) Type of reporting person (See Instructions) 00 ------------------------------------------------------------------------------- 2 3 ITEM 1(A) NAME OF ISSUER: Logic Devices Incorporated ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1320 Orleans Drive Sunnyvale, California 94089 ITEM 2(A) NAME OF PERSON FILING: Stephen A. Hellerstein, as Trustee of the Farkas Trusts ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE: 1133 Race Street #6S Denver, Colorado 80206 ITEM 2(C) CITIZENSHIP: Colorado ITEM 2(D) TITLE OF CLASS OF SECURITIES: Common Stock, no par value ITEM 2(E) CUSIP NUMBER: 541402 10 3 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(B) OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: (a) / / Broker or dealer registered under Section 15 of the Act. (b) / / Bank, as defined in Section 3(A)(G) of the Act. (c) / / Insurance company as defined in Section 3(A)(19) of the Act. (d) / / Investment company registered under Section 8 of the Investment Company Act of 1940. (e) / / Investment advisor in accordance with ss.240.13d-1(b) (1)(ii)(E). (f) / / Employee benefit plan or endowment fund in accordance with ss. 240.13d-1(b)(1)(ii)(F). (g) / / Parent holding company, in accordance with ss.240.13D-1(b) (ii)(G). (h) / / A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) / / A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940. (j) / / Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). Not applicable ITEM 4. OWNERSHIP (a) Amount beneficially owned: 624,305 shares of Common Stock 3 4 (b) Percent of class: 9.1% based upon issued and outstanding shares disclosed on the Issuer's Quarterly Report on Form 10-Q for the quarter ended July 2, 2000 (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 624,350 shares (ii) shared power to vote or to direct the vote None (iii) sole power to dispose or to direct the disposition of 624,305 shares (iv) shared power to dispose or to direct the disposition of None The present amount beneficially owned by the reporting person reflects distribution by the Farkas Trusts of 125,000 shares to one of the beneficiaries of the Farkas Trusts on March 21, 2000. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not applicable ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not applicable ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable ITEM 10. CERTIFICATIONS Not applicable 4 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: October 30, 2000 Signature: /s/ Stephen A. Hellerstein ------------------------------------ Name/Title: Stephen A. Hellerstein, as Trustee of the Farkas Trusts, 5% Shareholder 5