-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VQgiHUvJjIPJpzp5ONtCQ1BEG3MuUG7VamADnmMCPi12h5ymWjz/IWksPUjiuPxG s5ppURVvQKJEJELkg+44Ag== 0000892569-99-000515.txt : 19990217 0000892569-99-000515.hdr.sgml : 19990217 ACCESSION NUMBER: 0000892569-99-000515 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990216 GROUP MEMBERS: MISAKO YUEN GROUP MEMBERS: THOMAS YUEN FAMILY TRUST GROUP MEMBERS: YUEN THOMAS C K SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SRS LABS INC CENTRAL INDEX KEY: 0001016470 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 330714264 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-49103 FILM NUMBER: 99541338 BUSINESS ADDRESS: STREET 1: 2909 DAIMIER ST CITY: SANTA ANA STATE: CA ZIP: 92705 BUSINESS PHONE: 9494421070 MAIL ADDRESS: STREET 1: 2909 DAIMLER ST CITY: SANTA ANA STATE: CA ZIP: 92705 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: YUEN THOMAS C K CENTRAL INDEX KEY: 0000902630 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 16 GENEVE DRIVE CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 7144421081 SC 13G/A 1 AMENDMENT #2 TO SCHEDULE 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* SRS Labs, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 78464M 10 6 - -------------------------------------------------------------------------------- (CUSIP Number) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) - --------------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 2 - --------------------- ----------------- CUSIP No. 78464M 10 6 13G Page 2 of 9 Pages - --------------------- ----------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS OR S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Thomas C.K. Yuen - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 245,561 NUMBER ---------------------------------------------------- OF SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED 2,668,582 BY EACH ---------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 245,561 ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,668,582 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,914,143 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 24.4% (Based on 11,688,893 shares of SRS Labs, Inc.' common stock reported as outstanding as of December 31, 1998 and treating as outstanding 245,561 shares issuable to Mr. Yuen upon exercise of stock options that vest on or before March 1, 1999.) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- 3 - --------------------- ----------------- CUSIP No. 78464M 10 6 13G Page 3 of 9 Pages - --------------------- ----------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS OR S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Misako Yuen - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- NUMBER ---------------------------------------------------- OF SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED 2,668,582 BY EACH ---------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITIH -0- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,668,582 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,668,582 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 22.8% (Based on 11,688,893 shares of SRS Labs, Inc.' common stock reported as outstanding as of December 31, 1998.) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- 4 - --------------------- ----------------- CUSIP No. 78464M 10 6 13G Page 4 of 9 Pages - --------------------- ----------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS OR S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Thomas Yuen Family Trust - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER -0- NUMBER ---------------------------------------------------- OF SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED 2,668,582 BY EACH ---------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH -0- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,668,582 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,668,582 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 22.8% (Based on 11,688,893 shares of SRS Labs, Inc.' common stock reported as outstanding as of December 31, 1998.) - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- 5 - --------------------- ----------------- CUSIP No. 78464M 10 6 13G Page 5 of 9 Pages - --------------------- ----------------- Item 1(a). Name of Issuer: SRS Labs, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 2909 Daimler Street, Santa Ana, California 92705 Item 2(a). Names of Persons Filing: Thomas C.K. Yuen, Misako Yuen and the Thomas Yuen Family Trust Item 2(b). Address of Principal Business Office or, if None, Residence: SRS Labs, Inc., 2909 Daimler Street, Santa Ana, California 92705 Item 2(c). Citizenship: Thomas C.K. Yuen and Misako Yuen are citizens of the U.S.A, and the Thomas Yuen Family Trust is a trust formed under the laws of the State of California. Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 78464M 10 6 Item 3. If this statement is filed pursuant to sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C.78o); (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) [ ] An investment adviser in accordance with ss. 240.13d-1(b)(1)(ii)(E); 6 - --------------------- ----------------- CUSIP No. 78464M 10 6 13G Page 6 of 9 Pages - --------------------- ----------------- (f ) [ ] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J). If this statement is filed pursuant to section 240.13d-1(c), check this box [ ]. Item 4. Ownership. (a) Amount Beneficially Owned: Thomas C.K. Yuen 2,914,143 Misako Yuen 2,668,582 Thomas Yuen Family Trust 2,668,582 (b) Percent of Class: Thomas C.K. Yuen 24.4% Misako Yuen 22.8% Thomas Yuen Family Trust 22.8% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: Thomas C.K. Yuen 245,561 Misako Yuen 0 Thomas Yuen Family Trust 0 (ii) Shared power to vote or to direct the vote: Thomas C.K. Yuen 2,668,582 Misako Yuen 2,668,582 Thomas Yuen Family Trust 2,668,582 (iii) Sole power to dispose or to direct the disposition of: Thomas C.K. Yuen 245,561 Misako Yuen 0 Thomas Yuen Family Trust 0 7 - --------------------- ----------------- CUSIP No. 78464M 10 6 13G Page 7 of 9 Pages - --------------------- ----------------- (iv) Shared power to dispose or to direct the disposition of: Thomas C.K. Yuen 2,668,582 Misako Yuen 2,668,582 Thomas Yuen Family Trust 2,668,582 The shares beneficially owned by Thomas C.K. Yuen, Misako Yuen and the Thomas Yuen Family Trust include 2,668,582 shares held by the Thomas Yuen Family Trust, of which Mr. and Mrs. Yuen are co-trustees. The shares beneficially owned by Thomas C.K. Yuen also include 245,561 shares issuable to Mr. Yuen upon exercise of stock options that vest on or before March 1, 1999, and Mr. Yuen's beneficial ownership of such shares is subject to applicable community property laws. The shares beneficially owned by Mr. and Mrs. Yuen and the Thomas Yuen Family Trust do not include (i) 207,755 shares held by Atsuko Hamasaki as (i) trustee of the Yuen 1993 Irrevocable Trust (144,825 shares) and (ii) custodian for Mr. and Mrs. Yuen's children, Jennifer Wen Lee Yuen (31,465 shares) and Constance Kahlee Yuen (31,465 shares). Mr. and Mrs. Yuen and the Thomas Yuen Family Trust disclaim beneficial ownership of the 207,755 shares held by Atsuko Hamasaki in the above-referenced capacities. Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. [ ] Item 6. Ownership of More than Five Percent on Behalf of Another Person. Inapplicable. Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company. Inapplicable. Item 8. Identification and Classification of Members of the Group. This filing is on behalf of Thomas C.K. Yuen, Misako Yuen and the Thomas Yuen Family Trust as members of a group. See Exhibit A attached hereto. 8 - --------------------- ----------------- CUSIP No. 78464M 10 6 13G Page 8 of 9 Pages - --------------------- ----------------- Item 9. Notice of Dissolution of Group. Inapplicable. Item 10. Certification. Inapplicable. 9 - --------------------- ----------------- CUSIP No. 78464M 10 6 13G Page 9 of 9 Pages - --------------------- ----------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 16, 1999 ---------------------------------- Date /s/ THOMAS C.K. YUEN ----------------------------------- Thomas C.K. Yuen /s/ MISAKO YUEN ----------------------------------- Misako Yuen /s/ THOMAS C.K. YUEN ----------------------------------- Thomas C.K. Yuen Co-Trustee of the Thomas Yuen Family Trust /s/ MISAKO YUEN ----------------------------------- Misako Yuen Co-Trustee of the Thomas Yuen Family Trust 10 - --------------------- CUSIP No. 78464M 10 6 13G EXHIBIT A - --------------------- AGREEMENT THIS AGREEMENT is dated as of February 16,1999 among Thomas C.K. Yuen, Misako Yuen and the Thomas Yuen Family Trust. WHEREAS, pursuant to Rule 240.13d-1(k) promulgated under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the parties hereto have decided to satisfy their filing obligations under the Exchange Act by a single joint filing; NOW THEREFORE, the parties hereto agree as follows: 1. The Schedule 13G with respect to SRS Labs, Inc. to which this Agreement is attached as Exhibit A (the "Schedule 13G") is filed on behalf of each of the parties hereto. 2. Each of the parties hereto is eligible to use the Schedule 13G. 3. Each of the parties hereto is responsible for the timely filing of the Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person or entity contained in the Schedule 13G; provided that each person or entity is not responsible for the completeness or accuracy of the information concerning any other person making such filing contained in the Schedule 13G, unless such person or entity knows or has reason to believe that such information is inaccurate. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. /s/ THOMAS C.K. YUEN ------------------------------- Thomas C.K. Yuen /s/ MISAKO YUEN ------------------------------- Misako Yuen THOMAS YUEN FAMILY TRUST By: /s/ THOMAS C.K. YUEN --------------------------- Thomas C.K. Yuen Co-Trustee By: /s/ MISAKO YUEN --------------------------- Misako Yuen Co-Trustee -----END PRIVACY-ENHANCED MESSAGE-----