SEC Info - Walters Glenn J - ‘SC 13D’ on 6/6/00 re: Advanced Deposition Technologies Inc

SEC Info℠

Home

My Interests

Help

Please Sign In

Database maintenance is being performed. If something doesn’t work, please try again soon.

Walters Glenn J – ‘SC 13D’ on 6/6/00 re: Advanced Deposition Technologies Inc

On: Tuesday, 6/6/00, at 4:55pm ET · Accession #: 1072613-0-667 · File #: 5-45847

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 6/06/00  Walters Glenn J                   SC 13D                 1:12K  Advanced Deposition Techs Inc     Express Filing Svcs/FA

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              5     22K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Common Stock Contracts, Arrangements, Understandings or Relationships with Identity and Background Interest in Securities of the Issuer Material to be Filed as Exhibits Purpose of Transaction Security and Issuer Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
"	Common Stock
3	Item 1. Security and Issuer
"	Item 2. Identity and Background
"	Item 3. Source and Amount of Funds or Other Consideration
4	Item 4. Purpose of Transaction
"	Item 5. Interest in Securities of the Issuer
"	Item 6. Contracts, Arrangements, Understandings or Relationships with
"	Item 7. Material to be Filed as Exhibits

SC 13D 1st Page of 5 TOC ↑Top Previous Next ↓Bottom Just 1st
 
================================================================================

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D

 UNDER THE SECURITIES EXCHANGE ACT OF 1934

Advanced Deposition Technologies, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)

Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)

00752110 7
 -------------------------------
(CUSIP Number)

Glenn J. Walters, Chairman of the Board, CEO and Treasurer, Advanced Deposition 
Technologies, Inc., Myles Standish Industrial Park, 580 Myles Standish          
Boulevard, Taunton, Massachusetts 02780 (508)-823-0707                          
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

May 24, 2000
--------------------------------------------------------------------------------
 (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition that is the subject of this Schedule 13D, and is filing this    
schedule because of ss.ss. 240.13d-1(3), 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(b) 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).                                                                         

================================================================================

 Page 1 of 5 pages

SC 13D 2nd Page of 5 TOC 1st Previous Next ↓Bottom Just 2nd
SCHEDULE 13D
======================                                                          
CUSIP NO.  007521 10 7                 13D                                      
======================                                                          

============= ==================================================================
1             NAMES OF REPORTING PERSON                                         
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 

Glenn J. Walters                                    
------------- ------------------------------------------------------------------
2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  
(a)  [ ]                                            
(b)  [ ]                                            
------------- ------------------------------------------------------------------
3             SEC USE ONLY                                                      

------------- ------------------------------------------------------------------
4             SOURCE OF FUNDS                                                   

OO                                                  
------------- ------------------------------------------------------------------
5             CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED          
PURSUANT TO ITEMS 2(d) or 2(e)                      

------------- ------------------------------------------------------------------
6             CITIZENSHIP OR PLACE OF ORGANIZATION                              

United States                                       
============= ==================================================================
         7         SOLE VOTING POWER

                                         697,393 shares (includes 100,000 shares
                                       subject to options exercisable within
NUMBER OF                      60 days)                     
                               --------- ---------------------------------------
SHARES              8         SHARED VOTING POWER         

    BENEFICIALLY                     154,500 shares, (consists of 94,500
                                       shares owned directly by Mr. Walter's
      OWNED BY                       wife and 60,000 shares owned by the
                                      Walter's Family Children's Trust for
      EACH                         the benefit of Mr. Walter's minor
                                     children, of which Mr. Walters is a
REPORTING                      co-trustee with his wife.)   
                               --------- ---------------------------------------
PERSON              9         SOLE DISPOSITIVE POWER      

            WITH                         697,393 shares (includes 100,000 shares
                                       subject to options exercisable within
          60 days)
                               --------- ---------------------------------------
                10        SHARED DISPOSITIVE POWER

                                     154,500 shares, (consists of 94,500
                                       shares owned directly by Mr. Walter's
                                     wife and 60,000 shares owned by the
                                      Walter's Family Children's Trust for
                                   the benefit of Mr. Walter's minor
                                     children, of which Mr. Walters is a
                            co-trustee with his wife.)
============= ==================================================================
11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      

             851,893 shares, (consists of 597,393 shares owned directly by Mr.
            Walters, 100,000 shares subject to options exercisable within 60
              days, 94,500 shares owned directly by Mr. Walter's wife and 60,000
        shares owned by the Walter's Family Children's Trust for the
             benefit of Mr. Walter's minor children, of which Mr. Walters is a
       co-trustee with his wife.) Mr. Walters disclaims beneficial
      ownership of the 60,000 shares held by the Walter's Family
              Children's Trust and the 94,500 shares owned directly by his wife.
------------- ------------------------------------------------------------------
12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES            
CERTAIN SHARES  [ ]                                 

------------- ------------------------------------------------------------------
13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                

           17.0% (based on 4,818,648 shares outstanding as reported in the
              most recent Report on Form 10-QSB and an additional 200,000 shares
              known to be issued to Mr. Boxall and Mr. Walters since the date of
the most recent Report on Form 10-QSB)              
------------- ------------------------------------------------------------------
14            TYPE OF REPORTING PERSON                                          

IN                                                  
============= ==================================================================

 Page 2 of 5 pages

SC 13D 3rd Page of 5 TOC 1st Previous Next ↓Bottom Just 3rd
Item 1.       Security and Issuer                                               
-------------------                                 

    This statement relates to the common stock, $0.01 par value (the "Common
Stock") of Advanced Deposition Technologies, Inc. (the "Company"). The address  
of the Company's principal executive offices is:                                

Myles Standish Industrial Park    
580 Myles Standish Boulevard      
Taunton, MA 02780                 

Item 2.       Identity and Background                                           
-----------------------                             

     This statement is being filed by Glenn J. Walters, Chairman of the Board,
Chief Executive Officer and Treasurer of the Company. Mr. Walter's business     
address is c/o Advanced Deposition Technologies, Inc., Myles Standish Industrial
Park, 580 Myles Standish Boulevard, Taunton, MA 02780.                          

    Mr. Walters has not been, during the last five years, (a) convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or   
(b) a party to a civil proceeding of a judicial or administrative body of       
competent jurisdiction and as a result of such proceeding was or is 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. Mr. Walters is a citizen of the United 
States of America.                                                              

Item 3.       Source and Amount of Funds or Other Consideration                 
-------------------------------------------------   

 On May 24, 2000, the Company issued 100,000 shares of Common Stock in
exchange for the cancellation of a note held by Mr. Walters in the principal    
amount of $150,000, representing a loan from Mr. Walters to the Company in April
2000, at a price of $1.50 principal amount per share. Mr. Walters purchased the 
other shares of Common Stock owned by him from his personal funds.              

 Page 3 of 5 pages

SC 13D 4th Page of 5 TOC 1st Previous Next ↓Bottom Just 4th
Item 4.       Purpose of Transaction                                            
----------------------                              

   The shares, the ownership of which is reported hereby, were acquired by
Mr. and Walters for investment purposes. Mr. Walters reserves the right from    
time to time to acquire additional shares, or to dispose of some or all of his  
shares. Mr. Walters currently serves as the Chairman of the Board of Directors, 
Chief Executive Officer and Treasurer of the Company. Except as set forth above,
Mr. Walters does not have any plans or proposals which related to, or may result
in, any of the matters listed in Item 4(a)-(j) of Schedule 13D (although he     
reserves the right to develop such plans).                                      

Item 5.       Interest in Securities of the Issuer                              
------------------------------------                

(a)   Mr. Walters beneficially owns 851,893 shares of Common Stock which        
represents 17.0% of the outstanding shares of Common Stock. This amount consists
of 597,393 shares owned directly by Mr. Walters, 100,000 shares subject to      
options exercisable within 60 days, 94,500 shares owned directly by Mr. Walter's
wife and 60,000 shares owned by the Walter's Family Children's Trust for the    
benefit of Mr. Walter's minor children, of which Mr. Walters is a co-trustee    
with his wife. Mr. Walters disclaims beneficial ownership of the 60,000 shares  
held by the Walter's Family Children's Trust and the 94,500 shares owned        
directly by his wife.                                                           

(b)   Mr. Walters has sole power to vote or to direct the vote and sole power to
dispose or to direct the disposition of 697,393 shares of Common Stock of the   
Company. This amount includes 100,000 shares of Common Stock subject to options 
exercisable within 60 days. Mrs. Walters does not have the sole power to vote or
to direct the vote or the sole power to dispose or to direct the disposition of 
any shares of Common Stock.                                                     

(c)   Over the last sixty days, Mr. Walters has not effected any transactions in
any security of the Company, other than the purchase of 100,000 shares of the   
Company's Common Stock, in exchange for the cancellation of a promissory note,  
for $1.50 principal amount per share on May 24, 2000.                           

(d)   Not applicable.                                                           

(e)   Not applicable.                                                           

Item 6.       Contracts, Arrangements, Understandings or Relationships with     
         -------------------------------------------------------------
Respect to Securities of the Issuer                 
-----------------------------------                 

Not applicable.                                     

Item 7.       Material to be Filed as Exhibits                                  
--------------------------------                    

Not applicable.                                     

 Page 4 of 5 pages

SC 13D Last Page of 5 TOC 1st Previous Next ↓Bottom Just 5th
 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.                                                                        

                                    Glenn J. Walters

                                            By: /s/ Glenn J. Walters
                                                   -----------------------
                                                    Glenn J. Walters

                                       Date:  June 6, 2000

 Page 5 of 5 pages

SC 13D	1st Page of 5	TOC	↑Top	Previous	Next	↓Bottom	Just 1st

SC 13D	2nd Page of 5	TOC	1st	Previous	Next	↓Bottom	Just 2nd

SC 13D	3rd Page of 5	TOC	1st	Previous	Next	↓Bottom	Just 3rd

SC 13D	4th Page of 5	TOC	1st	Previous	Next	↓Bottom	Just 4th

SC 13D	Last Page of 5	TOC	1st	Previous	Next	↓Bottom	Just 5th

Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D’ Filing	Date	First	Last	Other Filings

Filed on:	6/6/00	5		SC 13D/A
	5/24/00	1	4	DEF 14A
				List all Filings

↑Top

Filing Submission 0001072613-00-000667 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Walters Glenn J – ‘SC 13D’ on 6/6/00 re: Advanced Deposition Technologies Inc

On: Tuesday, 6/6/00, at 4:55pm ET · Accession #: 1072613-0-667 · File #: 5-45847

General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents