Rule 144 Filing as of June 19, 2006
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
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
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1(a) NAME OF ISSUER (Please type or print)
Blonder Tongue Laboratories, Inc.
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1(b) IRS IDENT. NO. (c) SEC FILE NO.
52-1611421 1-14120
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1(d) ADDRESS OF ISSUER STREET
One Jake Brown Road
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1(d) CITY STATE ZIP CODE
Old Bridge, New Jersey 08857
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1(e) TELEPHONE
AREA CODE NUMBER
732 679-4000
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2(a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD
James A. Luksch
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2(b) IRS IDENT. NO. (c) RELATIONSHIP TO ISSUER
Director, Officer and 10% stockholder
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2(d) ADDRESS STREET
c/o Blonder Tongue Laboratories, Inc., One Jake Brown Road
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2(d) CITY STATE ZIP CODE
Old Bridge, New Jersey 08857
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INSTRUCTION: The person filing this notice should contact the issuer to obtain
the I.R.S. Identification Number and the SEC File Number.
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(b) (c)
Name and Address of Each Number of (d)
3(a) Broker Through Whom the Shares or
Title of the Securities are to be Other Units Aggregate
Class of Offered or Each Market SEC USE ONLY To Be Sold Market
Securities Maker who is Acquiring Broker-Dealer File (See instr. Value **
To Be Sold the Securities Number 3(c)) (See instr. 3(d))
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Common Stock Ferris, Baker Watts, 45,000 $72,900
Incorporated
1700 Pennsylvania
Avenue, Suite 700
Washington, DC 20006
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(e)
Number of (f) (g)
Shares of Approximate Name of Each
Other Units Date of Sale Securities
Outstanding (See instr. Exchange
(See instr. 3(f)) (See instr.
3(e)) (MO. DAY YR.) 3(g))
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05/19/06 -
8,015,406 05/21/06 AMEX
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INSTRUCTIONS:
1.(a) Name of issuer
(b) Issuer's I.R.S. Identification Number
(c) Issuer'S S.E.C. file number, if any
(d) Issuer's address, including zip code
(e) Issuer's telephone number, including area code
2.(a) Name of person for whose account the securities are to be sold
(b) Such person's I.R.S. identification number, if such person is an entity
(c) Such person's relationship to the issuer (e.g., officer, director, 10%
stockholder, or member of immediate family of any of the foregoing)
(d) Such person's address, including zip code
3.(a) Title of the class of securities to be sold
(b) Name and address of each broker through whom the securities are intended
to be sold
(c) Number of shares or other units to be sold (if debt securities, give the
aggregate face amount)
(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) Number of shares or other units of the class outstanding, or if debit
securities the face amount thereof outstanding, as shown by the most
recent report or statement published by the issuer
(f) Approximate date on which the securities are to be sold
(g) Name of each securities exchange, if any, on which the securities are
intended to be sold
** Based on a closing price of $1.62/share for the Issuer's common stock on
June 16, 2006
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
the Class Acquired Nature of Acquisition Transaction (If gift, also give date donor acquired)
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Common Stock 07/22/93 Purchase from Issuer Blonder Tongue Laboratories, Inc.
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Amount of Nature of
Securities Acquired Date of Payment Payment
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2,040,160 shares See Exhibit A See Exhibit A
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INSTRUCTIONS:
1. If the securities were purchased and full payment therefore was not made in
cash at the time of purchase, explain 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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a. 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.
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Title of Securities
Name and Address of Seller Sold Date of Sale
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James Luksch Common Stock 04/03/06
c/o Blonder Tongue Laboratories, Inc. Common Stock 04/03/06
One Jake Brown Road
Old Bridge, NJ 08857
Lina Luksch Common Stock 06/08/06
c/o Blonder Tongue Laboratories, Inc.
One Jake Brown Road
Old Bridge, NJ 0885
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Amount of Securities
Name and Address of Seller Sold Gross Proceeds
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James Luksch 8,200 $15,580
c/o Blonder Tongue Laboratories, Inc. 6,800 12,988
One Jake Brown Road
Old Bridge, NJ 08857
Lina Luksch 4,000 6,840
c/o Blonder Tongue Laboratories, Inc.
One Jake Brown Road
Old Bridge, NJ 0885
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REMARKS:
INSTRUCTIONS: ATTENTION:
See the definition of "person" in paragraph (a) of Rule 144. The persons for whose
Information is to be given not only as to the person for whose account the securities to
account the securities are to be sold but also as to all other which this notice relates
persons included in that definition. In addition, information are to be sold hereby
shall be given as to sales by all persons whose sales are represents by signing this
required by paragraph (e) of Rule 144 to be aggregated with notice that he does not know
sales for the account of the person filing this notice. 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.
June 19, 2006 /s/James A. Luksch
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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.
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ATTENTION: Intentional misstatements or omission of facts constitute Federal
Criminal Violations (See 18 U.S.C. 1001)
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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.