0000909654-13-000212.txt : 20130612 0000909654-13-000212.hdr.sgml : 20130612 20130612144520 ACCESSION NUMBER: 0000909654-13-000212 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130612 DATE AS OF CHANGE: 20130612 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ANDREA ELECTRONICS CORP CENTRAL INDEX KEY: 0000006494 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 110482020 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33507 FILM NUMBER: 13908642 BUSINESS ADDRESS: STREET 1: 65 ORVILLE DRIVE CITY: BOHEMIA STATE: NY ZIP: 11716 BUSINESS PHONE: (631) 719-1800 MAIL ADDRESS: STREET 1: 65 ORVILLE DRIVE CITY: BOHEMIA STATE: NY ZIP: 11716 FORMER COMPANY: FORMER CONFORMED NAME: ANDREA RADIO CORP DATE OF NAME CHANGE: 19911204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Andrea Douglas J CENTRAL INDEX KEY: 0001336287 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: C/O ANDREA ELECTRONICS CORPORATION STREET 2: 65 ORVILLE RAOD CITY: BOHEMIA STATE: NY ZIP: 11716 SC 13D/A 1 andrea13dajune12-13.htm andrea13dajune12-13.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 4)



ANDREA ELECTRONICS CORPORATION
(Name of Issuer)


Common Stock, par value $0.01 per share
(Title of Class of Securities)

034393108
(CUSIP Number)

Douglas J. Andrea
65 Orville Drive, Bohemia, New York 11716
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

June 2, 2013
(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  §240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  


 
 
 
 
CUSIP No.  034393108
SCHEDULE 13D

 
1
 NAME OF REPORTING PERSONS
 
 Douglas J. Andrea
 
2
 
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                             (a) 
 
(b) 
 
3
 
 SEC USE ONLY
 
 
4
 
 SOURCE OF FUNDS
 
 PF, OO
 
5
 
 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
 ITEMS 2(d) or 2(e)                                                                                                                         
 
 
 CITIZENSHIP OR PLACE OF ORGANIZATION
 United States
 
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING
PERSON
WITH
 
7
 
 SOLE VOTING POWER                                                                244,700 (1)
 
8
 
 SHARED VOTING POWER                                                             16,314 (2)
 
9
 
 SOLE DISPOSITIVE POWER                                                        244,700 (1)
 
10
 
 SHARED DISPOSITIVE POWER                                                    16,314 (2)
 
11
 
 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9,761,014 (3)
 
12
 
 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
13
 
 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11);
 13.3% (4)
 
14
 
 TYPE OF REPORTING PERSON
 IN

(1)
Does not include 9,500,000 shares subject to options.
(2)
Mr. Andrea may be deemed to be the beneficial owner of 12,438 shares owned by Mr. Andrea’s spouse and 3,876 shares owned by Mr. Andrea’s daughter.
(3)
Includes 9,500,000 shares subject to options.
(4)
Based on 63,721,035 shares of Company common stock outstanding on May 10, 2013, as reported in the Form 10-Q for the quarter ended March 31, 2013, plus the 9,500,000 shares that may be acquired by Mr. Andrea within 60 days of June 2, 2013.
 
 

 
 
 
 


Item 3.
Source and Amount of Funds or Other Consideration

The increase in Mr. Andrea’s beneficial ownership was due to the vesting of 1,001,000 stock options on August 1, 2012 and the vesting of 334,000 stock options on August 1, 2013, which are exercisable within 60 days of June 2, 2013.  In addition, since the reporting person’s Schedule 13D/A filing on June 9, 2011, 250,000 shares subject to options expired pursuant to their terms.

Item 5.
Interest in Securities of the Issuer
 
(a)           Mr. Andrea beneficially owns 9,761,014 common shares, including 9,500,000 shares that may be acquired by Mr. Andrea within 60 days of June 2, 2013, representing 13.3% of the 63,721,035 issued and outstanding shares of the Company’s common stock as of May 10, 2013.  Pursuant to Rule 13d-3, the 9,500,000 shares that may be acquired by Mr. Andrea within 60 days of June 2, 2013 are also deemed to be outstanding for purposes of computing the percentage of outstanding shares of the Company’s common stock owned by Mr. Andrea.

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

Mr. Andrea currently has the following stock options granted pursuant to the issuer’s stock option plans:

Date of
Option Grant
Number of
Shares
Exercise
Price
Option
Plan
Portion
Vested (1)
Expiration
Date
06/14/2004
400,000
$0.130
1998
Fully Vested
06/14/2014
08/04/2004
250,000
$0.100
1998
Fully Vested
08/04/2014
08/04/2005
250,000
$0.040
1998
Fully Vested
08/04/2015
08/10/2005
600,000
$0.050
1998
Fully Vested
08/10/2015
11/02/2006
1,000,000
$0.120
1998
Fully Vested
11/02/2016
11/16/2006
1,000,000
$0.120
2006
Fully Vested
11/16/2016
09/12/2007
1,000,000
$0.110
2006
Fully Vested
09/12/2017
08/08/2008
2,000,000
$0.040
2006
Fully Vested
08/08/2018
08/08/2008
1,000,000
$0.040
2006
Fully Vested
08/08/2018
07/24/2009
1,000,000
$0.110
2006
Fully Vested
07/24/2019
08/01/2010
1,000,000
$0.130
2006
Fully Vested (2)
08/01/2020
(1)  Includes amount vested within 60 days of June 2, 2013.
(2)  The stock options vest 33.3% on August 1, 2011, 33.3% on August 1, 2012 and 33.4% on August 1, 2013.

 
 
 
 
 
Item 7.              Material to be Filed as Exhibits
 
(1)
1998 Stock Plan of the Registrant, as amended, incorporated herein by reference to Exhibit 4.1 of the Registrant’s Registration Statement on Form S-8, No. 333-82375, filed July 7, 1999.
 
(2)
2006 Equity Compensation Plan of the Registrant, incorporated herein by reference to Appendix A of the Registrant’s Schedule 14A filed on October 17, 2006.
 
(3)
Form of Option Agreement, incorporated herein by reference to Exhibit 4 of the Reporting Persons Schedule 13D, filed June 5, 2009.
 
(4)
Amendment to 2006 Equity Compensation Plan, incorporated herein by reference to Exhibit 10.2 to the Registrant’s Form 10-K, File No. 001-04324, filed March 16, 2010.
 
(5)
Employment Agreement between Andrea Electronics Corporation and Douglas J. Andrea, incorporated herein by reference to Exhibit 10.1 to the Registrant’s Form 8-K, File No. 001-04324, filed August 1, 2012.

 
 
 
 
 
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.
 
June 12, 2013
By:
/s/ Douglas J. Andrea  
    Douglas J. Andrea