4 1 0001.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) Actel Corporation 955 East Arques Avenue Sunnyvale, CA 94086-4533 2. Issuer Name and Ticker or Trading Symbol GATEFIELD CORPORATION (OTCBB: GATE) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 77-0097724 4. Statement for Month/Year 05/00 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [X] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned - -------------------------------------------------------------------------------------------------------------------------------- 1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I - -------------------------------------------------------------------------------------------------------------------------------- Common Stock 05/24/00 C 1,230,769 A $6.5000 Common Stock 05/24/00 C 200,000 A $15.0000 1,622,298 D Direct Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) - -------------------------------------------------------------------------------------------------------------------------------- 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration - -------------------------------------------------------------------------------------------------------------------------------- Convertible Note $6.5000 05/24/00 C $8,000,000 D Immed. 05/25/04 Convertible Preferred Stock $15.0000 05/24/00 C 300,000 D Immed. Convertible Note $5.2500 05/31/00 P $1,000,000 A Immed. 05/31/05 Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) - -------------------------------------------------------------------------------------------------------------------------------- 1)Title of Derivative 3)Trans- 7)Title and Amount of Underlying Secuti- 8)Price 9)Number of 10) 11)Nature of Security action ties of Deri- Derivative Indirect Date vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I Title Shares End of Month - -------------------------------------------------------------------------------------------------------------------------------- Convertible Note 05/24/00 Common Stock 1,230,769 0 D Convertible Preferred Stock 05/24/00 Common Stock 200,000 0 D Convertible Note 05/31/00 Common Stock 190,476 1 D Explanation of Responses:
SIGNATURE OF REPORTING PERSON ACTEL CORPORATION By: /S/ David L. Van De Hey ----------------------- DATE: June 10, 2000 -----------------