UNITED STATES | OMB APPROVAL | |||||||||||||||||||||||
SECURITIES AND EXCHANGE COMMISSION | OMB Number: 3235-0101 | |||||||||||||||||||||||
Washington, D.C. 20549 | Expires: December 31, 2006 | |||||||||||||||||||||||
Estimated average burden hours per response 4.47 | ||||||||||||||||||||||||
FORM 144 | ||||||||||||||||||||||||
SEC USE ONLY | ||||||||||||||||||||||||
NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 |
DOCUMENT SEQUENCE NO. | |||||||||||||||||||||||
CUSIP NUMBER | ||||||||||||||||||||||||
WORK LOCATION | ||||||||||||||||||||||||
ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker. | ||||||||||||||||||||||||
1(a) NAME OF ISSUER (Please type or print) | (b) IRS IDENT. NO. | (c) S.E.C. FILE NO. | ||||||||||||||||||||||
Blonder Tongue Laboratories, Inc. | 52-1611421 | 1-14120 | ||||||||||||||||||||||
1(d) ADDRESS OF ISSUER | STREET | CITY | STATE | ZIP CODE | (e) TELEPHONE NO. | |||||||||||||||||||
One Jake Brown Road | Old Bridge | New Jersey | 08857 | AREA CODE | NUMBER | |||||||||||||||||||
732 | 679-4000 | |||||||||||||||||||||||
2(a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD |
(b) IRS IDENT. NO. | (c)RELATIONSHIP TO ISSUER | (d)ADDRESS STREET CITY STATE ZIP CODE | |||||||||||||||||||||
James A. Luksch | Director, Officer and 10% stockholder |
c/o Blonder Tongue Laboratories, Inc. One Jake Brown Road, Old Bridge, New Jersey 08857 | ||||||||||||||||||||||
INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number. | ||||||||||||||||||||||||
3(a) | (b) | SEC USE ONLY | (c) | (d) | (e) | (f) | (g) | |||||||||||||||||
Title of the Class of Securities To Be Sold |
Name and Address of Each Broker Through Whom the Securities are to be Offered or Each Market Maker who is Acquiring the Securities |
Broker-Dealer File Number |
Number of Shares or Other Units To Be Sold (See instr. 3(c)) |
Aggregate Market Value ** (See instr. 3(d)) |
Number of Shares of Other Units Outstanding (See instr. 3(e)) |
Approximate Date of Sale (See instr. 3(f)) (MO. DAY YR.) |
Name of Each Securities Exchange (See instr. 3(g)) | |||||||||||||||||
Common Stock | Ferris, Baker Watts, Incorporated 1700 Pennsylvania Avenue, Suite 700 Washington, DC 20006 |
62,222 | $77,775.50 | 6,222,252 | 08/21/2008 11/20/2008 |
AMEX | ||||||||||||||||||
INSTRUCTIONS: | |||||
1. (a) | Name of issuer | 3. (a) | Title of the class of securities to be sold | ||
(b) | Issuers I.R.S. Identification Number | (b) | Name and address of each broker through whom the securities are intended to be sold | ||
(c) | Issuers S.E.C. file number, if any | (c) | Number of shares or other units to be sold (if debt securities, give the aggregate face amount) | ||
(d) | Issuers address, including zip code | (d) | Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice | ||
(e) | Issuers telephone number, including area code | (e) | Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as | ||
shown by the most recent report or statement published by the issuer | |||||
2. (a) | Name of person for whose account the securities are to be sold | (f) | Approximate date on which the securities are to be sold | ||
(b) | Such persons I.R.S. identification number, if such person is an entity | (g) | Name of each securities exchange, if any, on which the securities are intended to be sold | ||
(c) | Such persons relationship to the issuer (e.g., officer, director, 10% | ||||
stockholder, or member of immediate family of any of the foregoing) | **Based on a closing price of $1.25/share for the Issuers common stock on August 20, 2008. | ||||
(d) | Such persons address, including zip code |
Potential persons who are to 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.
TABLE I SECURITIES TO BE SOLD | ||||||||||||
Furnish the following information with respect to the acquisition of the securities to be sold | ||||||||||||
and with respect to the payment of all or any part of the purchase price or other consideration therefor: | ||||||||||||
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Title of | Date you | Name of Person from Whom Acquired | Amount of | |||||||||
the Class | Acquired | Nature of Acquisition Transaction | (If gift, also give date donor acquired) | Securities Acquired | Date of Payment | Nature of Payment | ||||||
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Common Stock | 07/22/93 | Purchase from Issuer | Blonder Tongue Laboratories, Inc. | 2,040,160 shares | See Exhibit A | See Exhibit A | ||||||
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INSTRUCTIONS: If the securities were purchased and full payment therefore was not made in cash at the time of purchase, explain it in the table or in a note thereto the nature of the consideration | ||||||||||||
given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation | ||||||||||||
was discharged in full or the last installment paid. | ||||||||||||
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TABLE II SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.
Name and Address of Seller | Title of Securities Sold | Date of Sale | Amount of Securities Sold | Gross Proceeds | ||||
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James A. Luksch | Common Stock (Private Sale) | 06/19/2008 | 10,000 | $11,000 | ||||
c/o Blonder Tongue Laboratories, Inc. | Common Stock (Private Sale) | 06/19/2008 | 5,000 | $5,500 | ||||
One Jake Brown Road | Common Stock | 06/20/2008 | 2,500 | $3,125 | ||||
Old Bridge, New Jersey 08857 | Common Stock | 06/20/2008 | 1,400 | $1,680 | ||||
Common Stock | 06/20/2008 | 100 | $124 | |||||
Common Stock | 06/20/2008 | 1,000 | $1,220 |
REMARKS: |
INSTRUCTIONS: See the definition of person in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice. |
ATTENTION: The persons for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. | ||
August 21, 2008 /s/ James A. Luksch | |||
DATE OF NOTICE | James A. Luksch | ||
The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures.
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)
Exhibit A |
During July 1993, the Issuer loaned Mr. Luksch $912,036 to finance his purchase of 2,040,160 shares of common stock of the Issuer at $0.447 per share. The loan was evidenced by a promissory note (the Note) payable in three equal annual installments of principal together with accrued interest. In addition, during July 1993 the Issuer entered into a Special Bonus Agreement with Mr. Luksch pursuant to which the Company agreed to pay Mr. Luksch, on a net after-tax basis, bonuses of $291,000, $281,000 and $222,000 over a three year period coinciding with his payment obligations under the Note, to cover approximately 86% of the purchase price plus interest of such stock. The Note was prepaid in full by Mr. Luksch on December 19, 1995.