-----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, ApnQOtO/z149G9NHQJ/UpNrK52gdO9ihvtpmDHzHHTyhfCuurweTJQThdOgP9T4I lj6/YzPfdvnS/8fitXzTdQ== 0000891554-00-000408.txt : 20000215 0000891554-00-000408.hdr.sgml : 20000215 ACCESSION NUMBER: 0000891554-00-000408 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000214 GROUP MEMBERS: NORMAN J. WECHSLER GROUP MEMBERS: WECHSLER & CO INC /BD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PHOTON DYNAMICS INC CENTRAL INDEX KEY: 0001002663 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 943007502 STATE OF INCORPORATION: CA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-49707 FILM NUMBER: 543800 BUSINESS ADDRESS: STREET 1: 6325 SAN IGNACIO AVENUE CITY: SAN JOSE STATE: CA ZIP: 95119-1202 BUSINESS PHONE: 4082269900 MAIL ADDRESS: STREET 1: 6325 SAN IGNACIO AVENUE CITY: SAN JOSE STATE: CA ZIP: 95119-1202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WECHSLER & CO INC /BD CENTRAL INDEX KEY: 0000105252 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 131944376 STATE OF INCORPORATION: NY FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 105 S BEDFORD RD STE 310 CITY: NEW YORK STATE: NY ZIP: 10549 BUSINESS PHONE: 9142426069 MAIL ADDRESS: STREET 1: 105 SOUTH BEDFORD ROAD STREET 2: STE 310 CITY: MOUNT KISCO STATE: NY ZIP: 10549 FORMER COMPANY: FORMER CONFORMED NAME: WECHSLER & CO INC /BD DATE OF NAME CHANGE: 19940201 SC 13G/A 1 SCHEDULE 13G ------------------------------ OMB APPROVAL ------------------------------ OMB Number Expires: Estimated average burden hours per response ....... 0.5 ------------------------------ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 3)(1) PHOTON DYNAMICS, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 719364101 - -------------------------------------------------------------------------------- (CUSIP Number) December 31, 1999 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) - ---------- (1) 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 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 6 Pages CUSIP No. 719364101 13G Page 2 of 6 Pages ________________________________________________________________________________ 1. NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WECHSLER & CO., INC. ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 433,100 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY Not Applicable _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 433,100 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH Not Applicable ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 433,100 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.5% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* BD ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 6 Pages CUSIP No. 719364101 13G Page 2 of 6 Pages ________________________________________________________________________________ 1. NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON NORMAN J. WECHSLER ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES 433,100 _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY Not Applicable _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING 433,100 _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH Not Applicable ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 433,100 ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.5% ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 3 of 6 Pages Item 1(a). Name of Issuer: PHOTON DYNAMICS, INC. Item 1(b). Address of Issuer's Principal Executive Offices: 6325 San Ignacio Avenue San Jose, CA 95119 Item 2(a). Name of Person Filing: This Schedule 13G is filed on behalf of (i) Wechsler & Co., Inc. and (ii) Norman J. Wechsler (each a "Reporting Person" and collectively, the "Reporting Persons"). Item 2(b). Address of Principal Business Office or, if none, Residence: 105 South Bedford Road Suite 310 Mount Kisco, NY 10549 Item 2(c). Citizenship: Wechsler & Co., Inc. is a New York corporation and Norman J. Wechsler is a United States citizen. Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 719364101 Item 3. Type of Reporting Person: (a) Wechsler & Co., Inc. is a Broker-Dealer registered under Section 15 of the Securities Exchange Act of 1934. Norman J. Wechsler is the majority stockholder, Chairman of the Board and President of Wechsler & Co., Inc. and, accordingly, is considered the beneficial owner of securities beneficially owned by Wechsler & Co., Inc. All of the equity securities of the Issuer beneficially owned by the Reporting Persons were acquired in the ordinary course of business and not with the purpose nor with the effect of changing or influencing the control of the Issuer, nor in connection with or as a participant in any transaction having such effect (including any transaction subject to Rule 13d-3(b) promulgated under the Securities Exchange Act of 1934). Page 4 of 6 Pages (b) - (h): Not Applicable Item 4. Ownership: (a) Amount Beneficially Owned: As of December 31, 1999 Wechsler & Co., Inc. beneficially owned 433,100 shares of Common Stock. Mr. Wechsler is deemed the beneficial owner of such shares by reason of his relationship with Wechsler & Co., Inc. (b) Percent of Class: 4.5% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 433,100 (ii) shared power to vote or to direct the vote: Not Applicable (iii) sole power to dispose or to direct the disposition of: 433,100 (iv) shared power to dispose or to direct the disposition of: Not Applicable Item 5. This statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be beneficial owners of more than five percent of the common stock. Items 6-9. Not Applicable Page 5 of 6 Pages Item 10. By signing below each of the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were acquired or are held in the ordinary course of business and were not acquired or are held for the purpose and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired or are held in connection with or as a participant in any transaction having such purposes or effect. SIGNATURE After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February 14, 2000 WECHSLER & CO., INC. By: /s/ Norman J. Wechsler ------------------------------------ Norman J. Wechsler, President /s/ Norman J. Wechsler ------------------------------------ NORMAN J. WECHSLER Page 6 of 6 Pages -----END PRIVACY-ENHANCED MESSAGE-----