-----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, EzPZC9yOuhHhlac+rmtEk/z+GtotWBerhpg6rLfO9or0MQcnZh2nO4thyMyJ7Jkx INZTZwhmbl5f7Z6Yzn3/Vw== 0000892569-99-000524.txt : 19990217 0000892569-99-000524.hdr.sgml : 19990217 ACCESSION NUMBER: 0000892569-99-000524 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990216 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: 99542270 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: CRUTTENDEN WALTER W III CENTRAL INDEX KEY: 0001032005 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 548745260 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 18301 VONKKARMAN AVENUE CITY: IRVINE STATE: CA ZIP: 92612-1009 BUSINESS PHONE: 7147575700 MAIL ADDRESS: STREET 1: 18301 VON KARMAN AVENUE CITY: IRVINE STATE: CA ZIP: 92612-1009 SC 13G/A 1 AMENDMENT NO. 1 FOR SCHEDULE 13G 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* 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) [X] Rule 13d-1(c) [ ] 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 6 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS OR S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Walter W. Cruttenden - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- NUMBER 5 SOLE VOTING POWER OF SHARES BENEFICIALLY 488,000 OWNED ----------------------------------------------------------------- BY EACH 6 SHARED VOTING POWER REPORTING PERSON -0- WITH ----------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 488,000 ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 488,000 - -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) /X/ - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.2% (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 - -------------------------------------------------------------------------------- 3 CUSIP No. 78464M 10 6 13G Page 3 of 6 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). Name of Person Filing: Walter W. Cruttenden Item 2(b). Address of Principal Business Office or, if None, Residence: Cruttenden Roth Incorporated, 18301 Von Karman, Suite 100, Irvine, California 92715 Item 2(c). Citizenship: U.S.A. 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 section 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F); 4 CUSIP No. 78464M 10 6 13G Page 4 of 6 Pages (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 [ X ]. Item 4. Ownership. (a) Amount Beneficially Owned: 488,000 (b) Percent of Class: 4.2% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 488,000 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 488,000 (iv) Shared power to dispose or to direct the disposition of: 0 Walter W. Cruttenden's beneficial ownership of the 488,000 shares set forth above is subject to applicable community property laws. The 488,000 shares beneficially owned by Mr. Cruttenden include 87,000 shares held by Mr. Cruttenden as custodian for three of his children, Rian P. Cruttenden (29,000 shares), Jeffrey J. Cruttenden (29,000 shares) and Alexander Cruttenden (29,000 shares), each of whom has the right to receive the dividends from, and the proceeds from the sale of such shares. The 488,000 shares beneficially owned by Mr. Cruttenden do not include 29,000 shares held by one of his children, Christopher L. Cruttenden. Mr. Cruttenden disclaims beneficial ownership of the 29,000 shares held by Christopher L. Cruttenden. 5 CUSIP No. 78464M 10 6 13G Page 5 of 6 Pages 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. [ X ] 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. Inapplicable. Item 9. Notice of Dissolution of Group. Inapplicable. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing control of the Issuer of the securities and were not acquire and are not held in connection with or as a participant in any transaction having that purpose or effect. 6 CUSIP No. 78464M 10 6 13G Page 6 of 6 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/ Walter W. Cruttenden ------------------------ Walter W. Cruttenden -----END PRIVACY-ENHANCED MESSAGE-----