------------------ U.S. SECURITIES AND EXCHANGE COMMISSION ----------------------------
| F O R M 4 | Washington, D.C. 20549 | OMB APPROVAL |
------------------ |--------------------------|
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0287|
[ ] Check this box if |Expires: January 31, 2005|
no longer Subject Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, |Estimated avg. burden |
to Section 16. Section 17(a) of the Public Utility Holding Company Act of 1935 or |hours per response.....0.5|
Section 30(f) of the Investment Company Act 1940 ----------------------------
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|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) |
| Mitchell Douglas M. | Simtek Corporation (SRAM) | |
| | | X Director 10% Owner |
|----------------------------------------|------------------------------------------------|--- --- |
| (Last) (First) (MI)|3.IRS Identification |4.Statement for Month/ | X Officer Other |
| | Number of Reporting | Day/Year |---(give title below) ---(Specify below)|
| | Person, if an entity | | |
| | (Voluntary) | April 2, 2003 | CEO/President/CFO (acting) |
| 205 Ridge Dr. | | | ---------------------------------- |
|----------------------------------------| |------------------------|----------------------------------------|
| (Street) | -- |5.If Amendment, Date of |7. Individual or Joint/Group Filing |
| | | Original (Month/Day/ | (Check Applicable Line) |
| | | Year) | |
| | | | X Form filed by One Reporting Person |
| | | -- |--- |
| | | | Form filed by More than One |
| Woodland Park CO 80863 | | |--- Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| (City) (State) (Zip) |
| TABLE I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned |
|----------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security |2. |2A. |3.Trans. |4.Security Acquired (A) or |5.Amount of |6. |7.Nature of Indirect|
| (Instr. 3) |Transact- |Deemed | Code | Disposed of (D) | Securities |Own.| Beneficial |
| |ion Date |Execution |(Instr.8)| (Instr. 3, 4 & 5) | Beneficially |Form| Ownership |
| |(Mo/Day/ |Date, if any|---------|-------------------------------| Owned at End of|(D) | (Instr. 4) |
| |Yr) |(Mo/Day/ | | | |(A) | | Month |or | |
| | |Yr) |Code| V | Amount |(D) | Price | (Instr. 3 & 4) |(I) | |
|--------------------|----------|------------|----|----|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | | | | |
|Simtek Corporation |4/02/03 | | P | | 10,000 | A | $0.0155 | 909,386 | D | |
|Common Stock | | | | | | | | | | |
|--------------------|----------|------------|----|----|----------------|----|---------|-----------------|----|--------------------|
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|--------------------|----------|------------|----|----|----------------|----|---------|-----------------|----|--------------------|
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Reminder: Report on a separate line for each class securities owned directly or indirectly. SEC 1474 (7-97)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
PAGE: 1 OF 2
FORM 4 (continued) TABLE II - Derivative Securities Acquired, Disposed of, Beneficially Owned
(e.g., puts, calls, warrants, options, convertible security)
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|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
|Title of |Conver-|Trans|Deemed|Trans- |Number of |Date |Title and Amount |Price |Number |Own.|Nature |
|Derivative|sion |Date |Execu-|action |Derivative |Exercisable |of Underlying |of |of |Form|of In- |
|Security |or |(Mon/|tion |Code |Securities |and |Securities |Deriv-|Derivative|of |direct |
|(Instr. 3)|Exer- | Day |Date, |(Instr.8)|Acquired (A) |Expiration |(Instr. 3 and 4) |ative |Securities|Deri|Bene- |
| |cise |Year)|if any| |or Disposed of (D) |Date | |Secur-|Benefi- |Sec.|ficial |
| |Price | |(Mo/ | |(Instr. 3, 4 and 5)|(Month/Day/ | |ity |cially |Dir.|Owner- |
| |of | | Day/ | | | Year) | |(Instr|Owned at |(D) |ship |
| |Deriv- | | Year)| | |-------------|---------------------|5) |End of |or |(Instr. |
| |ative | | | | | | | |Amount or | |Month |Ind.|4) |
| |Secur- | | |---------|-------------------|Date |Exp. | Title |Number of | |(Instr. 4)|(I) | |
| |ity | | |Code| V | (A) | (D) |Exbl. |Date | |Shares | | | | |
|----------|-------|-----|------|----|----|---------|---------|------|------|----------|----------|------|----------|----|---------|
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Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal /s/ Douglas Mitchell April 2, 2003
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------------ -----------------
**Signature of Reporting Person Date
Note: File three copies of this form, one of which must be manually signed. Douglas Mitchell
If space provided is insufficient, see Instruction 6 for procedure. SEC 1474 (7-97)
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 OMD Number
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