-----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, G9J326pGrHQRxD5kWAhUYrTIKjVZqcoxGjCYLfysXauAql/eBaf/tl2anYerqZit kCocKdOHXY0vFYZK6DtHYw== 0000891092-04-001696.txt : 20040419 0000891092-04-001696.hdr.sgml : 20040419 20040419161134 ACCESSION NUMBER: 0000891092-04-001696 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040419 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LEON GEORGE J CENTRAL INDEX KEY: 0001281840 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 728 GARDEN ST CITY: CARLSTADT STATE: NJ ZIP: 07072 BUSINESS PHONE: 2019331600 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TEL INSTRUMENT ELECTRONICS CORP CENTRAL INDEX KEY: 0000096885 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] IRS NUMBER: 221441806 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-62333 FILM NUMBER: 04740755 BUSINESS ADDRESS: STREET 1: 728 GARDEN ST CITY: CARLSTADT STATE: NJ ZIP: 07072 BUSINESS PHONE: 2019331600 MAIL ADDRESS: STREET 1: 728 GARDEN ST CITY: CARLSTADT STATE: NJ ZIP: 07072 SC 13D 1 e17509sc_13d.txt SCHEDULE 13D -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 -------------------------- Expires: December 31, 2005 -------------------------- Estimated average burden hours per response...11 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ________)* Tel-Instrument Electronics Corp - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 879165207 - -------------------------------------------------------------------------------- (CUSIP Number) George J. Leon - -------------------------------------------------------------------------------- The George Leon Family Trust c/o Tel-Instrument Electronics Corp 728 Garden St., Carlstadt, NJ 07072 (201) 933-1600 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report to the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See ss.240.13d-7 for other parties to whom copies are to be sent. * 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 disclosures provided in a prior cover page. The information required on 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). Schedule 13D CUSIP No. - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). George J. Leon and The George Leon Family Trust - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) [X] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) PF (Personal Funds) (Individual and of the Trust) 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Canadian citizen for Mr. Leon and place of organization of the Trust 7. Sole Voting Power Mr. Leon has sole voting power of 9,550 shares and control over 299,517 shares in the The George Leon Family Trust - -------------------------------------------------------------------------------- 8. Shared Voting Power -0- - -------------------------------------------------------------------------------- Number of Shares Beneficially 9. Sole Dispositive Power Mr. Leon has sole voting power Owned by of 9,550 shares and control over 299,517 shares in The Each Person George Leon Family Trust With 10. Shared Dispositive Power -0- - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 309,067 (14.4%) of 2,144,151 shares outstanding - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 14.4% of 2,144,151 shares outstanding - -------------------------------------------------------------------------------- 14. Type of Reporting person (See Instructions) IN (Individual) 00 Trust Fund STATEMENT PURSUANT TO RULE 13D-1 OF THE GENERAL RULES AND REGULATIONS UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED Item 1. Security and Issuer. This Statement relates to shares of common stock, $.10 par value per share (the "Common Stock"), of Tel-Instrument Electronics Corp (the "Company"), whose principal executive offices are at 728 Garden St., Carlstadt, NJ 07072. Item 2. Identity and Background (a) George J. Leon The George Leon Family Trust, a trust organized in Canada (b) c/o Tel-Instrument Electronics Corp, 728 Garden St., Carlstadt, NJ 07072 (c) Mr. Leon is an investment manager and a beneficiary of The George Leon Family Trust. He is also a Director of the company. (d) Neither Mr. Leon nor the trust has not been convicted in a criminal proceeding. (e) The Reporting Person(s) have not been, during the last five years, a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Item 6 on the cover is hereby incorporated by reference. Item 3. Source and Amount of Funds or Other Consideration The shares purchased were first purchased in 1988 with personal funds or trust funds, respectively. Item 4. Purpose of Transaction The purchase of shares of common stock of Tel-Instrument Electronics Corp was made in 1988 for investment purposes only and reporting is now required because the Company filed a Form 8A in February 2004. The Reporting Person has been a director since 1988 and has no individual plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (l), inclusive, of Item 4 of Schedule 13D, except to the extent that the Company's Board of Directors of which he is a member has or may decide on such matters. Such person, may, at any time, and from time to time, review or reconsider their position with respect to any such matters, but have no present intention of doing so. Item 5. Interest in Securities of Issuer
Amount of Average Where and How Securities Price per Transactions were Identity of Person Date of Transaction Involved Share Effected. - ------------------ ------------------- ---------- ---------- -----------------
Incorporate by reference items 7 through 11 on the cover page for Item 5A and Item 5B. Mr. Leon has stock options for 23,300 shares originally issued at an exercise price equal to the market price on the date of issuance. Options expire in 5 years and are exercisable for 20% of the shares on the first 3 anniversaries of the grant date and 40% on the fourth anniversary of the grant date. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Mr. Leon is a manager and a beneficiary of the trust. The trust agreement provides _____ that a majority of the managers may elect or remove any manager Item 7. Material to be Filed as Exhibits a) Letter from George Leon b) Stock option plan and agreement incorporated by reference, filed as an exhibit to the Company's Form 10K dated March 31, 2002. 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. Dated: April 15, 2004 /s/George J. Leon April 1, 2004 Statement Pursuant to Rule 13(d)(k)(i) Under The Securities Exchange Act of 1934 Each of us hereby agrees to file one joint Schedule 13D, and any Amendments, in connection with our ownership of Common Stock of Tel-Instrument Electronics Corp. By: /s/George J. Leon By: /s/The George Leon Family Trust -----END PRIVACY-ENHANCED MESSAGE-----