4 1 milley_form4.txt FORM 4
------ -------------------------------- FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL ------ WASHINGTON, D.C. 20549 -------------------------------- OMB Number: 3235-0287 [ ] Check this box if no longer STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Expires: January 31, 2005 subject to Section 16. Form 4 Estimated average burden or Form 5 obligations may hours per response..........0.5 continue. See Instruction 1(b) -------------------------------- 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 (Print or Type Responses) ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to Issuer (Check all applicable) Milley Alexander M. ELXSI Corporation (ELXS) -------------------------------------------------------------------------------------------- (Last) (First) (Middle) 3. IRS Identifi- 4. Statement for Month/Day/Year [X] Director [X] 10% Owner cation Number [X] Officer [ ] Other of Reporting (give title (specify below) Person, if an below) entity (voluntary) 3600 Rio Vista Ave., Suite A 10/11/02 Chairman, President, CEO --------------------------------------- ------------------------------------------------------------------------ (Street) 5. If Amendment, Date of 7. Individual or Joint/Group Filing Original (Month/Day/Year) (check applicable line) [X] Form Filed by One Reporting Person [ ] Form Filed by More than One Orlando, FL 32805 Reporting Person ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1. Title 2. Trans- 2A.Deemed 3.Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership Form: 7. Nature of of action Execution action or Disposed of (D) Securities Direct (D) or Indirect Security Date Date,if Code (Instr. 3,4 and 5) Beneficially Indirect (I) Beneficial (Instr.3) any (Instr.8) Owned Following (Instr. 4) Ownership (Month/Day/ Reported (Instr. 4) (Month/ Year) Transaction(s) Day/Year) (Instr. 3 and 4) -------------------------------------------- Code V Amount (A) or (D) Price ----------------------------------------------------------------------------------------------------------------------------------- Common Stock, 10/11/02 P 2,000 A $3.12 248,505(1) I(1) By Cadmus $.001 par value Corporation (1) ----------------------------------------------------------------------------------------------------------------------------------- Common Stock, 228,200(1) I(1) By Azimuth $.001 par value Corporation (1) ----------------------------------------------------------------------------------------------------------------------------------- Common Stock, 60,004(2) I(2) By The $.001 par value Alexander M. Milley Revocable Trust(2) ----------------------------------------------------------------------------------------------------------------------------------- Common Stock, 112,347(1) I(1) By Eliot $.001 par value Kirkland L.L.C.(1) ----------------------------------------------------------------------------------------------------------------------------------- Common Stock, 590,200(1) I(1) By ELX $.001 par value Limited Partnership (1) ----------------------------------------------------------------------------------------------------------------------------------- Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see instruction 4(b)(v). Potential Persons who respond to the collection of information contained In this form are not required to respond unless the form displays a currently valid OMB control number. (Over)
FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (E.G., puts, calls, warrants, options, convertible securities) -------------------------------------------------------------------------------------- 1. Title of 2. Conversion 3. Transaction 3A.Deemed 4. Transaction 5. Number of Derivative or Exercise Date Execution Code Derivative Security Price of (Month/Day/ Date, if (Instr. 8) Securities (Instr. 3) Derivative Year) any Acquired (A) Security (Mo/Dy/Yr) or Disposed of (D) (Instr. 3, 4, and 5) -------------------------------------- Code V (A) (D) --------------------------------------------------------------------------------------------------- Options (right $3.61 to buy)(3) --------------------------------------------------------------------------------------------------- Options (right (various) to buy)(3) --------------------------------------------------------------------------------------------------- Series A $6.48(4) Warrants (right to buy) --------------------------------------------------------------------------------------------------- Series A $6.48(4) Warrants (right to buy) --------------------------------------------------------------------------------------------------- Series C $9.041(4) Warrants (right to buy) --------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------
FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (E.G., puts, calls, warrants, options, convertible securities) ----------------------------------------------------------------------------------------------------------- 6. Date 7. Title and Amount 8. Price of 9. Number of 10. Ownership 11. Nature of Exercisable of Underlying Derivative Derivative Form of Indirect and Expiration Securities Security Securities Derivative Beneficial Date (Instr. 3 and 4) Beneficially Security: Ownership (Month/Day/Year) (Instr. 5) Owned Follow- Direct (D) or (Instr. 4) ing Reported Indirect (I) Transactions(s) (Instr. 4) (Instr. 4) ------------------------------------------ Amount Date Expir- or Exer- ation Number cisable Date Title of Shares ----------------------------------------------------------------------------------------------------------- 4/8/03 10/8/12 Common 2,500 2,500(3) D Stock ----------------------------------------------------------------------------------------------------------- (various) (various) Common 215,000 215,000(3) D Stock ----------------------------------------------------------------------------------------------------------- 9/25/89 9/30/04(4) Common 150,500 150,500(2) I(2) By The Alexander Stock M. Milley Irre- vocable Trust(2) ----------------------------------------------------------------------------------------------------------- 9/25/89 9/30/04(4) Common 50,000 50,000(1) I(1) By Eliot Kirkland Stock L.L.C.(1) ----------------------------------------------------------------------------------------------------------- 10/30/92 1/31/05(4) Common 68,762 68,762(1) I(1) By Eliot Kirkland Stock L.L.C.(1) ----------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------
Explanation of Responses: Note 1: The number of securities reported for this entity are all those held by it; however, Mr. Milley does not own 100% of this entity, and this filing shall not be construed as an admission that Mr. Milley is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act"), or otherwise, the beneficial owner of the securities held by this entity in excess of his actual proportionate interest therein. Note 2: Mr. Milley is the settlor of The Alexander M. Milley Revocable Trust I (the "Trust"), but is neither a trustee nor a beneficiary thereof, nor is it revocable by Mr. Milley without the consent of another person. However, Mr. Milley may be deemed to have an "indirect pecuniary interest" in securities held by the Trust under Rule 16a-1(a)(2)(ii)(A). This filing shall not, however, be construed as an admission that Mr. Milley is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of securities held by the Trust. Note 3: Consists entirely of incentive and/or nonqualified stock options granted by ELXSI Corporation. Note 4: In September 2002, the Company agreed to extend the expiration date of these Warrants by two years from their then-prior expiration dates (9/30/02 in the case of the Series A Warrants; and 1/31/03 in the case of the Series C Warrants) in consideration of the holders' agreement to increase the exercise prices thereof to those indicated (from $5.40 in the case of the Series A Warrants; and from $7.534 in the case of the Series C Warrants). /s/ ALEXANDER M. MILLEY October 15, 2002 ------------------------------- ------------------ **Signature of Reporting Person 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 provided is insufficient, see Instruction 6 for procedure.