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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 3

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940


1. Name and Address of Reporting
Person*
(Last, First, Middle)
2. Date of Event Requiring Statement
(Month/Day/Year)
3. I.R.S. Identification Number of Reporting
Person, if an entity
(voluntary)
  Computer Network Technology Corporation
  April 6, 2003
 
  6000 Nathan Lane North
(Street)
4. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s) to Issuer
(Check All Applicable)
    Inrange Technologies Corporation (INRG)
  o  Director
x  10% Owner
o  Officer (give title below)
o  Other (specify below)
  Plymouth, MN 55442
(City)         (State)        (Zip)
6. If Amendment, Date of Original
(Month/Day/Year)
  See Explanation of Response contained herein
   
7. Individual or Joint/Group Filing
(Check Applicable Line)
                x  Form filed by One Reporting Person
o  Form filed by More than One Reporting Person

*   If the form is filed by more than one reporting person, see Instruction 5(b)(v).
 
Reminder:   Report on a separate line for each class of securities beneficially owned directly or indirectly.

 


 


Table I — Non-Derivative Securities Beneficially Owned

1. Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

           

           

           

           

           

           

           

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Table II — Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of
Derivative
Security

(Instr. 4)
2. Date Exercisable and
Expiration Date

(Month/Day/Year)
3. Title and Amount of Securities
Underlying Derivative Security

(Instr. 4)
4. Conversion or
Exercise Price
of Derivative
Security
5. Ownership Form of
Derivative Security:
Direct (D) or Indirect (I)

(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)

      Date
Exer-
cisable
Expi-
ration
Date
 
Title
Amount
or
Number
of Shares
           

  Class A Common Stock   Immediately   Class B Common Stock 74,768,333 1 for 1   (I)   (I)

         

         

         

         

         

         

Explanation of Responses:

Computer Network Technology Corporation will purchase the Class B Common Stock upon conversion of the Class A Common Stock noted in this Form 3 pursuant to an Agreement, dated as of April 6, 2003, among SPX Corporation, a Delaware corporation, Computer Network Technology Corporation, a Minnesota corporation and Basketball Corporation, a Delaware corporation and wholly owned subsidiary of Computer Network Technology Corporation (the "Agreement"), a copy of which is attached as Exhibit 99.2 to the Form 8-K filed by Computer Network Technology Corporation on April 7, 2003. Beneficial ownership may arise at this time solely because the current owner of the shares, SPX Corporation (through Domestic Subsidiary Corporation, a wholly owned subsidiary of SPX Corporation) is prohibited from transferring such shares pursuant to the Agreement.

Computer Network Technology Corporation
By:         /s/ Gregory T. Barnum
  April 15, 2003

**Signature of Reporting Person
Its Chief Financial Officer
 
Date


 
**   Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
 

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