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Cossutta Araldo · SC 13D/A · Computer Integration Corp · On 1/28/97

Filed On 1/28/97   ·   SEC File 5-48059   ·   Accession Number 950144-97-672

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  As Of               Filer                 Filing     On/For/As Docs:Pgs              Issuer               Agent

 1/28/97  Cossutta Araldo                   SC 13D/A               1:5    Computer Integration Corp         950144

Amendment to General Statement of Beneficial Ownership   ·   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Computer Integration Corp./Araldo Cossulta Sc 13da     5     30K

Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page
3Item 1. Security and Issuer
"Item 2. Identity and Background
"Item 2(a). Araldo Cossutta ("Mr. Cossutta")
"Item 2(d). None
"Item 2(f). United States of America
"Item 3. Source and Amount of Funds or Other Consideration
"Item 4. Purpose of Transaction
4Item 5. Interest in Securities of the Issuer
"Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
"Item 7. Material to Be Filed as Exhibits 
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D/A

(Amendment No. 1) 

Under the Securities Exchange Act of 1934 

Computer Integration Corporation  
------------------------------------------------------- 
(Name of Issuer)

Common Stock, par value $001 per share  
------------------------------------------------------- 
(Title of Class of Securities)

042891 10 1   
------------------------------------------------------- 
(CUSIP Number)

Donn A. Beloff, Esq.
Holland & Knight
One East Broward Boulevard
Fort Lauderdale, Florida 33301    
------------------------------------------------------- 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and 
Communications) 

October 18, 1996  
------------------------------------------------------- 
(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 which is the subject of this Schedule 13D, and is filing this   
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].       

Check the following box if a fee is being paid with this statement [ ].  (A fee 
is not required only if the reporting person:  (1) has a previous statement on  
file reporting beneficial ownership of more than five percent of the class of   
securities described in Item 1; and (2) has filed no amendment subsequent       
thereto reporting beneficial ownership of less than five percent of such class. 
See Rule 13d-7.)                                                                

Note:  Six copies of this statement, including all exhibits, should be filed    
with the Commission.  See Rule 13d-1(a) for other parties to whom copies are to 
be sent.                                                                        


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                                                        · Enlarge/Download Table
                                                                                                                                    
------------------------------------------------------                   -----------------------------------------------------------
                 CUSIP NO. 042891 10 1                                                        Page 2 of 5                           
------------------------------------------------------                   -----------------------------------------------------------

====================================================================================================================================
              Names of Reporting Person                                                                                             
              SS or ISA Identification Nos. of Above Person                                                                         
      1                                                                                                                             
                       ARALDO COSSUTTA                                                                                              
------------------------------------------------------------------------------------------------------------------------------------
              Check the Appropriate Box if a Member of a Group*                                                                     
                                                                                                             (a)  [ ]               
      2                                                                                                                             
                       N/A                                                                                   (b)  [ ]               

------------------------------------------------------------------------------------------------------------------------------------
              SEC use only                                                                                                          
      3                                                                                                                             
------------------------------------------------------------------------------------------------------------------------------------
              Source of Funds*                                                                                                      
      4                                                                                                                             
                       PF                                                                                                           
------------------------------------------------------------------------------------------------------------------------------------
              Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)                                   
      5                                                                                                          [ ]                

------------------------------------------------------------------------------------------------------------------------------------
              Citizenship or Place of Organization                                                                                  
      6                                                                                                                             
                       United States of America                                                                                     
------------------------------------------------------------------------------------------------------------------------------------
                                   Sole voting power                                                                                
                           7                                                                                                        
                                           2,842,685                                                                                
   Number of shares    -------------------------------------------------------------------------------------------------------------
     beneficially                  Shared voting power                                                                              
     owned by each         8                                                                                                        
   reporting person                        NONE                                                                                     
         with          -------------------------------------------------------------------------------------------------------------
                                   Sole dispositive power                                                                           
                           9                                                                                                        
                                           2,842,685                                                                                
                       -------------------------------------------------------------------------------------------------------------
                                   Shared dispositive power                                                                         
                          10                                                                                                        
                                           NONE                                                                                     
------------------------------------------------------------------------------------------------------------------------------------
              Aggregate Amount Beneficially Owned by Each Reporting Person                                                          
      11                                                                                                                            
                       2,842,685                                                                                                    
------------------------------------------------------------------------------------------------------------------------------------
              Check if the Aggregate Amount in Row (11) Excludes Certain Shares*                                                    
      12                                                                                                                            
                                                                          X                                                         
------------------------------------------------------------------------------------------------------------------------------------
              Percent of Class Represented by Amount in Row (11)                                                                    
      13                                                                                                                            
                       40.88%                                                                                                       
------------------------------------------------------------------------------------------------------------------------------------
              Type of Reporting Person*                                                                                             
      14                                                                                                                            
                       IN                                                                                                           
====================================================================================================================================

* SEE INSTRUCTIONS BEFORE FILLING OUT!


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ITEM 1.  SECURITY AND ISSUER.                                                   

       This statement relates to shares of the Common Stock, par value $0.01
per share, ("Common Stock") of Computer Integration Corp., a Delaware           
corporation (the "Issuer").  The principal executive offices of the Issuer are  
located at 7900 Glades Road, Boca Raton, Florida  33434. This Schedule 13D/A    
amends the Schedule 13D filed with the Commission on June 2, 1994.              

ITEM 2.  IDENTITY AND BACKGROUND.                                               

Item 2(a)        Araldo Cossutta ("Mr. Cossutta")             

Item 2(b)        920 5th Avenue                               
New York, NY 10021          

 Item 2(c)        Architect employed with Cossutta & Associates,
                     Architects P.C., 600 Madison Avenue, New York, NY
10022.                      

Item 2(d)        None.                                        

Item 2(e)        None.                                        

Item 2(f)        United States of America                     

ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.                     

        On September 18, 1996, using his personal funds, Mr. Cossutta acquired
456,000 shares of Common Stock of the Issuer at a price of $1.87 per share as   
well as 5,000 shares of Series D Preferred Stock at a price of $100 per share   
(such shares are convertible into 200,000 shares of Common Stock at $2.50 per   
share) and 125 shares of Series E Preferred Stock at a price of $4,000 per      
share (such shares are convertible into 500,000 shares of Common Stock at $1.00 
per share). Mr. Cossutta paid the purchase price of such shares in cash.        

   Mr. Cossutta also owns 1,845,000 shares of Common Stock directly.
These shares were acquired as part of a reorganization pursuant to which Mr.    
Cossutta tendered shares he held of Computer Integration Corporation., a        
Delaware corporation, for shares of N.E.G., Inc., a Nevada corporation.         
N.E.G., Inc. subsequently changed its name to Computer Integration Corp.,       
reincorporated in Delaware, and is the Issuer of securities to which this       
Schedule relates.                                                               

   Mr. Cossutta also owns 6,400 shares of Series D Preferred Stock
(convertible into 256,000 shares of Common Stock at a price of $250 per share). 
These shares were purchased from the Issuer using Mr. Cossutta's personal funds.
Mr. Cossutta also has options to purchase (i) 5,000 shares of Common Stock,     
which are exercisable at $.10 per share and expire on March 30, 1999; (ii) 5,000
shares of Common Stock, which are exercisable at $1.00 per share and expire on  
July 12, 2000; and (iii) 10,000 shares of Common Stock, which are exercisable at
$4.00 per share and expire on October 12, 2001.  Mr. Cossutta received these    
options from the Issuer in his capacity as a Director pursuant to the Issuer's  
stock option plan.                                                              

       Trusts for which Mr. Cossutta is the sole trustee own 5,685 shares of
Common Stock and 400 shares of Series D Preferred Stock (convertible into       
16,000 shares of Common Stock at a price of $2.50 per share).  These shares     
were purchased from assets of the respective trusts.                            

ITEM 4.  PURPOSE OF TRANSACTION.                                                

    Mr. Cossutta holds shares of Computer Integration Corp. solely for
investment purposes.                                                            

Item 4(a)        None.                                        

Item 4(b)        None.                                        

Page 3 of 5 Pages 


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Item 4(c)        None.                                        

       Item 4(d)        Mr. Cossutta has no current plans to make changes to
management.  In his capacity as a member of the Board of Directors of the       
Issuer, however, Mr. Cossutta intends to exercise his fiduciary duties to       
shareholders, in conjunction with the other members of the Board of Directors,  
in the supervision and evaluation of the of management of the Issuer.           

Item 4(e)        None.                                        

Item 4(f)        None.                                        

Item 4(g)        None.                                        

Item 4(h)        None.                                        

Item 4(i)        None.                                        

Item 4(j)        None.                                        

ITEM 5.  INTEREST IN SECURITIES OF THE ISSUER.                                  

      Item 5(a) and (b)  Mr. Cossutta has sole investment and voting power
with respect to 1,845,000 shares of Common Stock of the Issuer, or 26.54% of    
the shares of Common Stock of the Issuer outstanding as of September 30, 1996.  
Mr.  Cossutta owns all such shares directly.  In addition, Mr. Cossutta has     
sole voting and investment control over 5,685 shares of Common Stock and 400    
shares of Series D Preferred Stock (convertible into 16,000 shares of Common    
Stock at a price of $2.50 per share) owned by trusts for which Mr. Cossutta is  
the sole trustee.  Mr. Cossutta also has sole investment power with respect to  
11,400 shares of Series D Preferred Stock (convertible into 456,000 shares of   
Common Stock at a price of $2.50 per share) and 125 shares of Series E Stock    
(convertible into 500,000 shares of Common Stock at a price of $1.00 per        
share).  Mr. Cossutta also has sole voting and investment power with respect to 
20,000 shares of Common Stock issuable upon exercise of currently outstanding   
options.  If Mr. Cossutta were to exercise all currently outstanding options    
and convert all preferred stock currently held by him or by trusts for which he 
is the sole trustee, Mr. Cossutta would have sole voting and investment power   
over 2,842,685 shares of Common Stock of the Issuer, or 40.88% of the shares of 
Common Stock of the Issuer outstanding as of September 30, 1996.                

       Item 5(c)        On September 18, 1996, in a private transaction, Mr.
Cossutta purchased 456,000 shares of Common Stock of the Issuer from Samuel     
McElheney, a shareholder and Director of the Issuer, at a price of $1.87 per    
share.  The purchase price was paid in cash.  Also on September 18, 1996, Mr.   
Cossutta purchased 5,000 shares of Series D Preferred stock from at a price of  
$100 per shares and 125 shares of Series E Preferred Stock from at a price of   
$4,000 per share.  The purchase price for the preferred stock was also done in  
cash.                                                                           

Item 5(d)        None.                                        

Item 5(e)        N/A.                                         

ITEM 6.  CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT  
TO SECURITIES OF THE ISSUER.                                  

None.                                                         

ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS.                                      

No Exhibits are required to be filed herewith.                

Page 4 of 5 Pages 


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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: January 27, 1997                                                         

                   /s/ Araldo Cossutta
                                      --------------------------------------
               Araldo Cossutta

Page 5 of 5 Pages

Dates Referenced Herein   and   Documents Incorporated By Reference

Referenced-On Page
This SC 13D/A Filing   Date First   Last      Other Filings
6/2/943
9/18/9634
9/30/96410-Q
10/18/961
1/27/975
Filed On / Filed As Of1/28/97
3/30/993
7/12/03
10/12/13
 
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