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<P ALIGN="CENTER"><FONT SIZE=2><B> Filed with the Securities and Exchange Commission on October 25, 2001  </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2><B> Registration No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=4><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>Washington, D.C. 20549  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>FORM S-8  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B>Applied Signal Technology, Inc.<BR>  </B></FONT><FONT SIZE=2>(Exact name of registrant as specified in its charter) </FONT></P>

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<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=2><B>California<BR> </B></FONT><FONT SIZE=2>(State or other jurisdiction of incorporation or organization)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=2><B>77-0015491<BR> </B></FONT><FONT SIZE=2>(I.R.S. employer identification no.)</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><B>400 West California Avenue<BR>
Sunnyvale, California 94087<BR>  </B></FONT><FONT SIZE=2>(Address of principal executive offices) (Zip code) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Applied Signal Technology, Inc.<BR>
1991 Stock Option Plan, 2001 Stock Option Plan and<BR>
1993 Employee Stock Purchase Plan<BR>  </B></FONT><FONT SIZE=2>(Full title of the Plan) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Gary L. Yancey<BR>
President, Chief Executive Officer,<BR>
and Chairman of the Board<BR>
Applied Signal Technology, Inc.<BR>
400 West California Avenue<BR>
Sunnyvale, California 94087<BR>  </B></FONT><FONT SIZE=2>(Name and address of agent for service) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Telephone
number, including area code, of agent for service: </FONT><FONT SIZE=2><B>(408)&nbsp;749-1888.</B></FONT></P>

<P><FONT SIZE=2>This
registration statement shall hereafter become effective in accordance with Rule&nbsp;462 promulgated under the Securities Act of 1933, as amended. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>CALCULATION OF REGISTRATION FEE  </B></FONT></P>

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<TH WIDTH="36%" ALIGN="CENTER"><FONT SIZE=1><B>Title of Securities to be registered<SUP>1</SUP></B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>Amount to be registered<SUP>2</SUP></B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>Proposed maximum offering price per share<SUP>3</SUP></B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>Proposed maximum aggregate offering price<SUP>3</SUP></B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>Amount of registration fee</B></FONT><BR></TH>
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<TD WIDTH="36%" VALIGN="TOP"><FONT SIZE=2><I>1999 Stock Option Plan</I></FONT><FONT SIZE=2><BR>
Common Stock Par Value $0.001</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>718,015</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$11.49</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$8,249,992</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$2,062.50</FONT></TD>
</TR>
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<TD WIDTH="36%" VALIGN="TOP"><FONT SIZE=2><I>2001 Stock Option Plan</I></FONT><FONT SIZE=2><BR>
Common Stock Par Value $0.001</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>500,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$10.81</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$5,405,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$1,351.25</FONT></TD>
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<TD WIDTH="36%" VALIGN="TOP"><FONT SIZE=2><I>1993 Employee Stock Purchase Plan</I></FONT><FONT SIZE=2><BR>
Common Stock Par Value $0.001</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>1,285,755</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$9.19</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$11,816,088</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$2,954.02</FONT></TD>
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<TD WIDTH="36%" VALIGN="TOP"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>2,503,770</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$6,367.77</FONT></TD>
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<DT><FONT SIZE=2><SUP>1</SUP></FONT></DT><DD><FONT SIZE=2>The
securities to be registered include options and rights to acquire Common Stock.
<BR><BR></FONT></DD><DT><FONT SIZE=2><SUP>2</SUP></FONT></DT><DD><FONT SIZE=2>Pursuant
to Rule&nbsp;416(a), this registration statement also covers any additional securities that may be offered or issued in connection with any stock split, stock
dividend or similar transaction.
<BR><BR></FONT></DD><DT><FONT SIZE=2><SUP>3</SUP></FONT></DT><DD><FONT SIZE=2>Estimated
pursuant to Rule&nbsp;457 solely for purposes of calculating the registration fee. For the 1991 Stock Option Plan, the price is based on the weighted average
exercise price. For the 2001 Stock Option Plan, the price is based upon the average of the high and low prices of the Registrant's Common Stock on October&nbsp;23, 2001. The 1993 Employee Stock
Purchase Plan establishes a purchase price equal to 85% of the fair market value of the Company's Common Stock, and therefore, the price for shares under this plan is based upon 85% of the average of
the high and low prices of the Common Stock on October&nbsp;23, 2001, as reported on the Nasdaq National Market. </FONT></DD></DL>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ja2510_part_ii_information_req__ja202466"> </A>
<A NAME="toc_ja2510_1"> </A>
<BR></FONT><FONT SIZE=2><B>PART II    <BR>    <BR>    INFORMATION REQUIRED IN THE REGISTRATION STATEMENT    <BR>  </B></FONT></P>

<P><FONT SIZE=2><A
NAME="ja2510_item_3._incorporation_of_documents_by_reference"> </A>
<A NAME="toc_ja2510_2"> </A></FONT> <FONT SIZE=2><B>Item 3. Incorporation of Documents by Reference    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Applied Signal Technology,&nbsp;Inc. (the "Company") hereby incorporates by reference in this registration statement the following documents: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The
Company's latest annual report on Form&nbsp;10-K filed pursuant to Section&nbsp;13(a) or 15(d) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), containing audited consolidated financial statements for the Company's fiscal year ended October&nbsp;31, 2000 as filed with the Commission on January&nbsp;26, 2001. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;All
other reports filed pursuant to Section&nbsp;13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the registrant document referred
to in (a)&nbsp;above. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The
description of the Company's Common Stock contained in the Company's Registration Statement on Form&nbsp;S-1 (No.&nbsp;33-58168,
effective March&nbsp;26, 1993) filed under the Exchange Act, including any amendment or report filed for the purpose of updating such description. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;All
documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to
this registration statement which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference in
this registration statement and to be a part hereof from the date of filing of such documents. </FONT></P>

<P><FONT SIZE=2><A
NAME="ja2510_item_4._description_of_securities"> </A>
<A NAME="toc_ja2510_3"> </A>
<BR></FONT><FONT SIZE=2><B>Item 4. Description of Securities    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The class of securities to be offered is registered under Section&nbsp;12 of the Exchange Act. </FONT></P>

<P><FONT SIZE=2><A
NAME="ja2510_item_5._interests_of_named_experts_and_counsel"> </A>
<A NAME="toc_ja2510_4"> </A>
<BR></FONT><FONT SIZE=2><B>Item 5. Interests of Named Experts and Counsel    <BR>  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Inapplicable. </FONT></P>

<P><FONT SIZE=2><A
NAME="ja2510_item_6._indemnification_of_directors_and_officers"> </A>
<A NAME="toc_ja2510_5"> </A>
<BR></FONT><FONT SIZE=2><B>Item 6. Indemnification of Directors and Officers    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Company's Second Amended and Restated Articles of Incorporation provide that the liability of the directors for monetary damages shall be eliminated to the
fullest extent permissible under California law. Pursuant to California law, the Company's directors shall not be liable for monetary damages for breach of the directors' fiduciary duty of care to the
Company and its shareholders. However, this provision does not eliminate the duty of care, and in appropriate circumstances, equitable remedies such as injunctive or other forms of
non-monetary relief will remain available under California law. In addition, each director will continue to be subject to liability for (i)&nbsp;acts or omissions that involve
intentional misconduct or a knowing and culpable violation of law, (ii)&nbsp;acts or omissions that a director believes to be contrary to the best interests of the Company or its shareholders or
that involve the absence of good faith on the part of the director, (iii)&nbsp;any transaction from which a director derived an improper personal benefit, (iv)&nbsp;acts or omissions that show a
reckless disregard for the director's duty to the Company or its shareholders in circumstances in which the director was aware, or should have been aware, in the ordinary course of performing a
director's duties, of a risk of serious injury to the Company or its shareholders, (v)&nbsp;acts or omissions that constitute an unexcused pattern of inattention that amounts to an abdication of the
director's duty to the Company or its shareholders, (vi)&nbsp;any transaction that constitutes an illegal distribution or dividend under California law, and (vii)&nbsp;any transaction involving an
unlawful conflict of interest between the director and the Company under California law. The provision also does not affect a director's responsibilities under any other law, such as the federal
securities laws or state or federal environmental laws. </FONT></P>

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<P><FONT SIZE=2><A
NAME="ja2510_item_7._exemption_from_registration_claimed"> </A>
<A NAME="toc_ja2510_6"> </A>
<BR></FONT><FONT SIZE=2><B>Item 7. Exemption From Registration Claimed    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Inapplicable. </FONT></P>

<P><FONT SIZE=2><A
NAME="ja2510_item_8._exhibits"> </A>
<A NAME="toc_ja2510_7"> </A>
<BR></FONT><FONT SIZE=2><B>Item 8. Exhibits    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;See Exhibit Index. </FONT></P>

<P><FONT SIZE=2><A
NAME="ja2510_item_9._undertakings"> </A>
<A NAME="toc_ja2510_8"> </A>
<BR></FONT><FONT SIZE=2><B>Item 9. Undertakings    <BR>  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To
include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such
information in the registration statement; </FONT></P>

</UL>

<P><FONT SIZE=2><I>provided, however</I></FONT><FONT SIZE=2>, that paragraphs (1)(i)&nbsp;and (l)(ii)&nbsp;do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Exchange Act that are
incorporated by reference in the registration statement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the
offering. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to
Section&nbsp;13(a) or Section&nbsp;15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section&nbsp;15(d) of the Exchange Act)
that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer
or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="jc2510_signature"> </A>
<A NAME="toc_jc2510_1"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURE    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of
the requirements for filing on Form&nbsp;S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of
Sunnyvale, State of California, on October&nbsp;23, 2001. </FONT></P>

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<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><B>APPLIED SIGNAL TECHNOLOGY, INC.</B></FONT></TD>
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<TD WIDTH="47%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="46%" ALIGN="CENTER"><FONT SIZE=2><BR>
/s/ James E. Doyle</FONT><HR NOSHADE><FONT SIZE=2> James E. Doyle<BR>
Vice President of Finance and Chief Financial Officer</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="jc2510_signatures_and_power_of_attorney_1"> </A>
<A NAME="toc_jc2510_2"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURES AND POWER OF ATTORNEY    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The officers and directors of Applied Signal Technology whose signatures appear below, hereby constitute and appoint Gary&nbsp;L. Yancey and James&nbsp;E.
Doyle, and each of them, their true and lawful attorneys and agents, with full power of substitution, each with power to act alone, to sign and execute on behalf of the undersigned any amendment or
amendments to this registration statement on Form&nbsp;S-8, and each of the undersigned does hereby ratify and confirm all that each of said attorney and agent, or their or his
substitutes, shall do or cause to be done by virtue hereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities indicated on
October&nbsp;23, 2001. </FONT></P>

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<TH WIDTH="47%" ALIGN="CENTER"><FONT SIZE=1><B>Signature</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="50%" ALIGN="CENTER"><FONT SIZE=1><B>Title</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="47%" ALIGN="CENTER" VALIGN="CENTER"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="CENTER"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%" ALIGN="CENTER" VALIGN="CENTER"><FONT SIZE=2>/s/ Gary L. Yancey</FONT><HR NOSHADE><FONT SIZE=2> Gary L. Yancey</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="CENTER"><FONT SIZE=2>Chairman of the Board, Chief Executive Officer, and President (Principal Executive Officer)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="47%" ALIGN="CENTER" VALIGN="CENTER"><FONT SIZE=2><BR>
/s/ James E. Doyle</FONT><HR NOSHADE><FONT SIZE=2> James E. Doyle</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="CENTER"><FONT SIZE=2><BR>
Vice President of Finance and Chief Financial Officer (Principal Financial and Accounting Officer)</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="47%" ALIGN="CENTER" VALIGN="CENTER"><FONT SIZE=2><BR>
/s/ John P. Devine</FONT><HR NOSHADE><FONT SIZE=2> John P. Devine</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="CENTER"><FONT SIZE=2><BR>
Director</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="47%" ALIGN="CENTER" VALIGN="CENTER"><FONT SIZE=2><BR>
/s/ David D. Elliman</FONT><HR NOSHADE><FONT SIZE=2> David D. Elliman</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="CENTER"><FONT SIZE=2><BR>
Director</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="47%" ALIGN="CENTER" VALIGN="CENTER"><FONT SIZE=2><BR>
/s/ James F. Collins</FONT><HR NOSHADE><FONT SIZE=2> James F. Collins</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="CENTER"><FONT SIZE=2><BR>
Director</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="47%" ALIGN="CENTER" VALIGN="CENTER"><FONT SIZE=2><BR>
/s/ John R. Treichler</FONT><HR NOSHADE><FONT SIZE=2> John R. Treichler</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="CENTER"><FONT SIZE=2><BR>
Director</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="47%" ALIGN="CENTER" VALIGN="CENTER"><FONT SIZE=2><BR>
/s/ Stuart G. Whittelsey, Jr.</FONT><HR NOSHADE><FONT SIZE=2> Stuart G. Whittelsey, Jr.</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="50%" VALIGN="CENTER"><FONT SIZE=2><BR>
Director</FONT></TD>
</TR>
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<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>4.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT SIZE=2>Second Amended and Restated Articles of Incorporation of the Company adopted February&nbsp;22, 1993, is incorporated by reference to Exhibit&nbsp;3.1 to the Company's Registration Statement on Form&nbsp;S-1 filed with the
Securities and Exchange Commission on January&nbsp;28, 1993 (No.&nbsp;33-58168)</FONT></TD>
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4.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT SIZE=2><BR>
Amended and Restated Bylaws of the Company adopted February&nbsp;22, 1993, is incorporated by reference to Exhibit&nbsp;3.2 to the Company's Registration Statement on Form&nbsp;S-1 filed with the Securities and Exchange Commission on January&nbsp;22,
1994 (No. 33-58168)</FONT></TD>
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<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2><BR>
5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT SIZE=2><BR>
Opinion re legality</FONT></TD>
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23.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT SIZE=2><BR>
Consent of Counsel (included in Exhibit 5)</FONT></TD>
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23.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="92%"><FONT SIZE=2><BR>
Consent of Ernst &amp; Young LLP, Independent Auditors</FONT></TD>
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24</FONT></TD>
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<TD WIDTH="92%"><FONT SIZE=2><BR>
Power of Attorney (included in signature pages to this registration statement)</FONT></TD>
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<P><br><A NAME="01PAL2510_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ja2510_1">PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></FONT><BR>
<UL>
<FONT SIZE=2><A HREF="#toc_ja2510_2">Item 3. Incorporation of Documents by Reference</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_ja2510_3">Item 4. Description of Securities</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_ja2510_4">Item 5. Interests of Named Experts and Counsel</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_ja2510_5">Item 6. Indemnification of Directors and Officers</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_ja2510_6">Item 7. Exemption From Registration Claimed</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_ja2510_7">Item 8. Exhibits</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_ja2510_8">Item 9. Undertakings</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_jc2510_1">SIGNATURE</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_jc2510_2">SIGNATURES AND POWER OF ATTORNEY</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_ka2510_1">EXHIBIT INDEX</A></FONT><BR>
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Filed with the Securities and Exchange Commission on October 25, 2001
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Applied Signal Technology, Inc.
(Exact name of registrant as specified in its charter)
California
(State or other jurisdiction of incorporation or organization)
77-0015491
(I.R.S. employer identification no.)
400 West California Avenue
Sunnyvale, California 94087
(Address of principal executive offices) (Zip code)
Applied Signal Technology, Inc.
1991 Stock Option Plan, 2001 Stock Option Plan and
1993 Employee Stock Purchase Plan
(Full title of the Plan)
Gary L. Yancey
President, Chief Executive Officer,
and Chairman of the Board
Applied Signal Technology, Inc.
400 West California Avenue
Sunnyvale, California 94087
(Name and address of agent for service)
Telephone
number, including area code, of agent for service:
(408) 749-1888.
This
registration statement shall hereafter become effective in accordance with Rule 462 promulgated under the Securities Act of 1933, as amended.
CALCULATION OF REGISTRATION FEE
Title of Securities to be registered
1
Amount to be registered
2
Proposed maximum offering price per share
3
Proposed maximum aggregate offering price
3
Amount of registration fee
1999 Stock Option Plan
Common Stock Par Value $0.001
718,015
$11.49
$8,249,992
$2,062.50
2001 Stock Option Plan
Common Stock Par Value $0.001
500,000
$10.81
$5,405,000
$1,351.25
1993 Employee Stock Purchase Plan
Common Stock Par Value $0.001
1,285,755
$9.19
$11,816,088
$2,954.02
Total
2,503,770
$6,367.77
1
The
securities to be registered include options and rights to acquire Common Stock.
2
Pursuant
to Rule 416(a), this registration statement also covers any additional securities that may be offered or issued in connection with any stock split, stock
dividend or similar transaction.
3
Estimated
pursuant to Rule 457 solely for purposes of calculating the registration fee. For the 1991 Stock Option Plan, the price is based on the weighted average
exercise price. For the 2001 Stock Option Plan, the price is based upon the average of the high and low prices of the Registrant's Common Stock on October 23, 2001. The 1993 Employee Stock
Purchase Plan establishes a purchase price equal to 85% of the fair market value of the Company's Common Stock, and therefore, the price for shares under this plan is based upon 85% of the average of
the high and low prices of the Common Stock on October 23, 2001, as reported on the Nasdaq National Market.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
Applied Signal Technology, Inc. (the "Company") hereby incorporates by reference in this registration statement the following documents:
(a) The
Company's latest annual report on Form 10-K filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), containing audited consolidated financial statements for the Company's fiscal year ended October 31, 2000 as filed with the Commission on January 26, 2001.
(b) All
other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the registrant document referred
to in (a) above.
(c) The
description of the Company's Common Stock contained in the Company's Registration Statement on Form S-1 (No. 33-58168,
effective March 26, 1993) filed under the Exchange Act, including any amendment or report filed for the purpose of updating such description.
All
documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to
this registration statement which indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold, shall be deemed to be incorporated by reference in
this registration statement and to be a part hereof from the date of filing of such documents.
Item 4. Description of Securities
The class of securities to be offered is registered under Section 12 of the Exchange Act.
Item 5. Interests of Named Experts and Counsel
Inapplicable.
Item 6. Indemnification of Directors and Officers
The Company's Second Amended and Restated Articles of Incorporation provide that the liability of the directors for monetary damages shall be eliminated to the
fullest extent permissible under California law. Pursuant to California law, the Company's directors shall not be liable for monetary damages for breach of the directors' fiduciary duty of care to the
Company and its shareholders. However, this provision does not eliminate the duty of care, and in appropriate circumstances, equitable remedies such as injunctive or other forms of
non-monetary relief will remain available under California law. In addition, each director will continue to be subject to liability for (i) acts or omissions that involve
intentional misconduct or a knowing and culpable violation of law, (ii) acts or omissions that a director believes to be contrary to the best interests of the Company or its shareholders or
that involve the absence of good faith on the part of the director, (iii) any transaction from which a director derived an improper personal benefit, (iv) acts or omissions that show a
reckless disregard for the director's duty to the Company or its shareholders in circumstances in which the director was aware, or should have been aware, in the ordinary course of performing a
director's duties, of a risk of serious injury to the Company or its shareholders, (v) acts or omissions that constitute an unexcused pattern of inattention that amounts to an abdication of the
director's duty to the Company or its shareholders, (vi) any transaction that constitutes an illegal distribution or dividend under California law, and (vii) any transaction involving an
unlawful conflict of interest between the director and the Company under California law. The provision also does not affect a director's responsibilities under any other law, such as the federal
securities laws or state or federal environmental laws.
Item 7. Exemption From Registration Claimed
Inapplicable.
Item 8. Exhibits
See Exhibit Index.
Item 9. Undertakings
The undersigned registrant hereby undertakes:
(1) To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) To
include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; and
(iii) To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such
information in the registration statement;
provided, however
, that paragraphs (1)(i) and (l)(ii) do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports filed by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are
incorporated by reference in the registration statement.
(2) That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the
offering.
The
undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act)
that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act
and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer
or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURE
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of
the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of
Sunnyvale, State of California, on October 23, 2001.
APPLIED SIGNAL TECHNOLOGY, INC.
By:
/s/ James E. Doyle
James E. Doyle
Vice President of Finance and Chief Financial Officer
SIGNATURES AND POWER OF ATTORNEY
The officers and directors of Applied Signal Technology whose signatures appear below, hereby constitute and appoint Gary L. Yancey and James E.
Doyle, and each of them, their true and lawful attorneys and agents, with full power of substitution, each with power to act alone, to sign and execute on behalf of the undersigned any amendment or
amendments to this registration statement on Form S-8, and each of the undersigned does hereby ratify and confirm all that each of said attorney and agent, or their or his
substitutes, shall do or cause to be done by virtue hereof.
Pursuant
to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities indicated on
October 23, 2001.
Signature
Title
/s/ Gary L. Yancey
Gary L. Yancey
Chairman of the Board, Chief Executive Officer, and President (Principal Executive Officer)
/s/ James E. Doyle
James E. Doyle
Vice President of Finance and Chief Financial Officer (Principal Financial and Accounting Officer)
/s/ John P. Devine
John P. Devine
Director
/s/ David D. Elliman
David D. Elliman
Director
/s/ James F. Collins
James F. Collins
Director
/s/ John R. Treichler
John R. Treichler
Director
/s/ Stuart G. Whittelsey, Jr.
Stuart G. Whittelsey, Jr.
Director
EXHIBIT INDEX
4.1
Second Amended and Restated Articles of Incorporation of the Company adopted February 22, 1993, is incorporated by reference to Exhibit 3.1 to the Company's Registration Statement on Form S-1 filed with the
Securities and Exchange Commission on January 28, 1993 (No. 33-58168)
4.2
Amended and Restated Bylaws of the Company adopted February 22, 1993, is incorporated by reference to Exhibit 3.2 to the Company's Registration Statement on Form S-1 filed with the Securities and Exchange Commission on January 22,
1994 (No. 33-58168)
5
Opinion re legality
23.1
Consent of Counsel (included in Exhibit 5)
23.2
Consent of Ernst & Young LLP, Independent Auditors
24
Power of Attorney (included in signature pages to this registration statement)
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PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption From Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURE
SIGNATURES AND POWER OF ATTORNEY
EXHIBIT INDEX