-----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, Q8b3CdDjpXqd5Dz27pqSLvVFuoq4uXCTQ7+g4mv1xcNTHcmo3dh0KRDDAMrPveaI 3Q7AO7kXWz/Z2B57AHQZcQ== 0000909518-96-000427.txt : 19961213 0000909518-96-000427.hdr.sgml : 19961213 ACCESSION NUMBER: 0000909518-96-000427 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19961212 SROS: NASD GROUP MEMBERS: IRWIN L JACOBS IRREVOCABLE TRUST FBO MELINDA A JAC GROUP MEMBERS: IRWIN L JACOBS IRREVOCABLE TRUST FBO RANDI F JACOB GROUP MEMBERS: IRWIN L JACOBS IRREVOCABLE TRUST FBO TRISHA L JACO GROUP MEMBERS: JACOBS ALEXANDRA GROUP MEMBERS: JACOBS IRWIN L GROUP MEMBERS: JACOBS MANAGEMENT CORPORATION GROUP MEMBERS: JACOBS RANDI F GROUP MEMBERS: JACOBS TRISHA L GROUP MEMBERS: JACOBS-GRODNICK MELINDA A SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PINNACLE SYSTEMS INC CENTRAL INDEX KEY: 0000774695 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 943003809 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-44097 FILM NUMBER: 96679626 BUSINESS ADDRESS: STREET 1: 280 N BERNARDO AVE CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 4155261600 MAIL ADDRESS: STREET 1: 280 N BERNARDO AVE CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JACOBS IRWIN L CENTRAL INDEX KEY: 0000898678 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 100 SOUTH FIFTH ST STE 2500 STREET 2: JACOBS MANAGEMENT CORP CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123399500 MAIL ADDRESS: STREET 1: JACOBS MANAGEMENT CORP STREET 2: 100 SOUTH FIFTH ST STE 2500 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 SC 13D 1 SCHEDULE 13D ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 PINNACLE SYSTEMS, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, NO PAR VALUE 723481107 - -------------------------------------------------------------------------------- (Title of class of securities) (CUSIP number) STEPHEN E. JACOBS, ESQ. WEIL, GOTSHAL & MANGES LLP 767 FIFTH AVENUE NEW YORK, NEW YORK 10153 (212) 310-8000 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) DECEMBER 2, 1996 - -------------------------------------------------------------------------------- (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [_]. Note: When filing this statement in paper format, six copies of this statement, including exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. (Continued on following page(s)) (Page 1 of 25 Pages) (Exhibit Index appears on page 24) ================================================================================ - ------------------------------------ ---------------------------------- CUSIP No. 723481107 13D Page 2 of 25 - ------------------------------------ ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: IRWIN L. JACOBS S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 252,800 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 252,800 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 252,800 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_] SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 3.38% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ------------------------------------- ---------------------------------- CUSIP No. 723481107 13D Page 3 of 25 - ------------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: ALEXANDRA JACOBS S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 10,000 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 10,000 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 10,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_] SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.13% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ------------------------------------- -------------------------------- CUSIP No. 723481107 13D Page 4 of 25 - ------------------------------------- -------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: MELINDA A. JACOBS-GRODNICK S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 5,000 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 5,000 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 5,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_] SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.07% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ------------------------------------- --------------------------------- CUSIP No. 723481107 13D Page 5 of 25 - ------------------------------------- --------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: RANDI F. JACOBS S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 10,000 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 10,000 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 10,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_] SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.13% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - -------------------------------------- ------------------------------- CUSIP No. 723481107 13D Page 6 of 25 - -------------------------------------- ------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: TRISHA L. JACOBS S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 20,000 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 20,000 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 20,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_] SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.27% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ------------------------------------- -------------------------------- CUSIP No. 723481107 13D Page 7 of 25 - ------------------------------------- -------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: IRWIN L. JACOBS IRREVOCABLE TRUST FBO MELINDA A. JACOBS-GRODNICK S.S. OR I.R.S. IDENTIFICATION NO. 41-6274610 OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF MINNESOTA ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 5,000 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 5,000 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 5,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_] SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.07% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - -------------------------------------------------------------------------------- - --------------------------------------- ------------------------------ CUSIP No. 723481107 13D Page 8 of 25 - --------------------------------------- ------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: IRWIN L. JACOBS IRREVOCABLE TRUST FBO RANDI F. JACOBS S.S. OR I.R.S. IDENTIFICATION NO. 41-6274584 OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF MINNESOTA ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 60,000 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 60,000 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 60,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_] SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.80% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: 00 - -------------------------------------------------------------------------------- - ------------------------------------- -------------------------------- CUSIP No. 723481107 13D Page 9 of 25 - ------------------------------------- -------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: IRWIN L. JACOBS IRREVOCABLE TRUST FBO TRISHA L. JACOBS S.S. OR I.R.S. IDENTIFICATION NO. 41-6274609 OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF MINNESOTA ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 50,000 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 50,000 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 50,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_] SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.67% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: 00 - -------------------------------------------------------------------------------- - --------------------------------------- ------------------------------- CUSIP No. 723481107 13D Page 10 of 25 - --------------------------------------- ------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: JACOBS MANAGEMENT CORPORATION S.S. OR I.R.S. IDENTIFICATION NO. 41-1458571 OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF DELAWARE ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 20,000 SHARES -------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY -------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 20,000 REPORTING -------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 20,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_] SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.27% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - -------------------------------------------------------------------------------- ITEM 1. SECURITY AND ISSUER. This statement on Schedule 13D (this "Statement") relates to shares of common stock, no par value (the "Shares"), of Pinnacle Systems, Inc., a California corporation (the "Company"). The principal executive offices of the Company are located at 280 N. Bernardo Avenue, Mountain View, California 94043. ITEM 2. IDENTITY AND BACKGROUND. This Statement is being filed by Irwin L. Jacobs ("ILJ"), Alexandra Jacobs ("AJ"), Melinda A. Jacobs-Grodnick ("MJG"), Randi F. Jacobs ("RFJ"), Trisha L. Jacobs ("TLJ"), the Irwin L. Jacobs Irrevocable Trust For The Benefit of Melinda A. Jacobs-Grodnick (the "MJG Trust"), the Irwin L. Jacobs Irrevocable Trust For the Benefit of Randi F. Jacobs (the "RFJ Trust"), the Irwin L. Jacobs Irrevocable Trust For The Benefit of Trisha L. Jacobs (the "TLJ Trust" and, collectively with the MJG Trust and the RFJ Trust, the "Trusts"), and Jacobs Management Corporation ("JMC" and, collectively with ILJ, AJ, MJG, RFJ, TLJ and the Trusts, the "Reporting Persons"). The following information relates to ILJ: (a) Name: Irwin L. Jacobs (b) Business Address: 100 South Fifth Street, Suite 2500, Minneapolis, Minnesota 55402 (c) Principal Occupation: President of JMC (see information concerning JMC below). ILJ is also Chairman of the Board of Directors of Genmar Holdings, Inc., a manufacturer of recreational power boats. (d) and (e) Legal Proceedings: None (f) Citizenship: United States The following information relates to AJ: (a) Name: Alexandra Jacobs (b) Business Address: 100 South Fifth Street, Suite 2500, Minneapolis, Minnesota 55402 (c) Principal Occupation: Artist, Alexandra Corporation, 901 North Third Street, Minneapolis, Minnesota 55401 (d) and (e) Legal Proceedings: None (f) Citizenship: United States 11 The following information relates to MJG: (a) Name: Melinda A. Jacobs-Grodnick (b) Residential Address: 6250 Chasewood Drive, Eden Prairie, Minnesota 55344 (c) Principal Occupation: Entertainment Reporter, KSTP-FM, Inc., 3415 University Avenue, St. Paul, Minnesota 55114 (d) and (e) Legal Proceedings: None (f) Citizenship: United States The following information relates to RFJ: (a) Name: Randi F. Jacobs (b) Residential Address: 73-373 Country Club Drive, #2211, Palm Desert, California 92260 (c) Principal Occupation: Art Gallery Curator, Alexandra Corporation, 901 North Third Street, Minneapolis, Minnesota 55401 (d) and (e) Legal Proceedings: None (f) Citizenship: United States The following information relates to TLJ: (a) Name: Trisha L. Jacobs (b) Residential Address: 2950 Dean Parkway, #702, Minneapolis, Minnesota 55416 (c) Principal Occupation: Esthetician, Tiro Industries, Inc., 2700 East 28th Street, Minneapolis, Minnesota 55416 (d) and (e) Legal Proceedings: None (f) Citizenship: United States The following information relates to the MJG Trust: (i) Name: Irwin L. Jacobs Irrevocable Trust FBO Melinda A. Jacobs-Grodnick (ii) Place of Organization: Minnesota (iii) Principal Business: Investments (iv) Principal Business Address: 100 South Fifth Street, Suite 2500, Minneapolis, Minnesota 55402 (v) Information required by clauses (d) or (e) of Item 2 of Schedule 13D: None 12 The following information relates to the RFJ Trust: (i) Name: Irwin L. Jacobs Irrevocable Trust FBO Randi F. Jacobs (ii) Place of Organization: Minnesota (iii) Principal Business: Investments (iv) Principal Business Address: 100 South Fifth Street, Suite 2500, Minneapolis, Minnesota 55402 (v) Information required by clauses (d) or (e) of Item 2 of Schedule 13D: None The following information relates to the TLJ Trust: (i) Name: Irwin L. Jacobs Irrevocable Trust FBO Trisha L. Jacobs (ii) Place of Organization: Minnesota (iii) Principal Business: Investments (iv) Principal Business Address: 100 South Fifth Street, Suite 2500, Minneapolis, Minnesota 55402 (v) Information required by clauses (d) or (e) of Item 2 of Schedule 13D: None The following information relates to JMC: (i) Name: Jacobs Management Corporation (ii) Place of Organization: Delaware (iii) Principal Business: JMC is a management consulting firm which advises companies in diverse businesses. (iv) Principal Business Address: 100 South Fifth Street, Suite 2500, Minneapolis, Minnesota 55402 (v) Information required by clauses (d) or (e) of Item 2 of Schedule 13D: None Listed on Appendix A hereto are the names, business addresses and principal occupations of the trustees of the Trusts, and listed on Appendix B hereto are the names, business addresses and principal occupations of the directors, executive officers and controlling persons of JMC. Each of the persons listed on Appendices A and B is a citizen of the United States and no information required pursuant to clauses (d) or (e) of Item 2 of Schedule 13D is applicable with respect to any of such persons. 13 ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. ILJ purchased an aggregate of 252,800 Shares for an aggregate consideration (including brokerage commissions) of approximately $2,754,180.81. ILJ acquired such Shares by using equal amounts of personal funds and borrowings from his margin account at Jefferies & Company, Inc. ("Jefferies"). AJ purchased an aggregate of 10,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $102,500.00. AJ acquired such Shares by using equal amounts of personal funds and borrowings from her margin account at Jefferies. MJG purchased an aggregate of 5,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $48,750.00. MJG acquired such Shares by using equal amounts of proceeds of a loan from ILJ and borrowings from her margin account at Jefferies. RFJ purchased an aggregate of 10,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $97,500.00. RFJ acquired such Shares by using equal amounts of proceeds of a loan from ILJ and borrowings from her margin account at Jefferies. TLJ purchased an aggregate of 20,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $195,000.00. TLJ acquired such Shares by using equal amounts of proceeds of a loan from ILJ and borrowings from her margin account at Jefferies. The MJG Trust purchased an aggregate of 5,000 Shares for an aggregate consideration (including brokerage commissions) of $65,625.00. The MJG Trust acquired such Shares by using equal amounts of available funds and borrowings from its margin account at Jefferies. The RFJ Trust purchased an aggregate of 60,000 Shares for an aggregate consideration (including brokerage commissions) of $643,750.00. The RFJ Trust acquired such Shares by using equal amounts of available funds and borrowings from its margin account at Jefferies. The TLJ Trust purchased an aggregate of 50,000 Shares for an aggregate consideration (including brokerage commissions) of $606,750.00. The TLJ Trust acquired such Shares by using 14 equal amounts of available funds and borrowings from its margin account at Jefferies. JMC purchased an aggregate of 20,000 Shares for an aggregate consideration (including brokerage commissions) of $247,874.00. JMC acquired such Shares by using equal amounts of available working capital and borrowings from its margin account at Jefferies. ITEM 4. PURPOSE OF THE TRANSACTION. The Reporting Persons have acquired the Shares described herein in order to obtain an equity position in the Company, the Shares of which, in the opinion of the Reporting Persons, is presently undervalued. From time to time, the Reporting Persons will evaluate their position and may determine to seek control of the Company. Preliminary to any determination to seek control, the Reporting Persons may explore the feasibility of, and strategies for, seeking control and may explore, among other possibilities, (i) making a proposal to the Company for a merger or business combination; (ii) acquiring additional Shares (subject to the availability of Shares at prices deemed favorable) from time to time in the open market, in privately negotiated transactions or otherwise; or (iii) entering into arrangements with third parties who may be interested in joining with the Reporting Persons to acquire control of the Company, which arrangements may contemplate the sale or disposition of portions of the Company's assets to such third parties after control is obtained. Depending upon the course of action that the Reporting Persons pursue, the Reporting Persons may attempt to dispose of Shares in the open market, in privately negotiated transactions or otherwise. Although the foregoing represents the range of activities presently contemplated by the Reporting Persons with respect to the Company, it should be noted that the possible activities of the Reporting Persons are subject to change at any time and there is no assurance that the Reporting Persons will actually purchase additional Shares or seek to influence or obtain control of the Company. Except as set forth above, the Reporting Persons have no present plans or intentions which would result in or relate to any of the transactions described in Item 4 of Schedule 13D. 15 ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of December 10, 1996, the Reporting Persons beneficially owned the number of Shares respectively set forth below. The percentages set forth below represent the percentage of the outstanding Shares (based on a total of 7,481,808 Shares outstanding as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 1996) represented by the Shares beneficially owned by the Reporting Persons. Percent of Reporting Number of Outstanding Person Shares Shares ------ ------ ------ ILJ 252,800 3.38% AJ 10,000 0.13% MJG 5,000 0.07% RFJ 10,000 0.13% TLJ 20,000 0.27% The MJG Trust 5,000 0.07% The RFJ Trust 60,000 0.80% The TLJ Trust 50,000 0.67% JMC 20,000 0.27% As of December 10, 1996, the Reporting Persons beneficially owned an aggregate of 432,800 Shares, representing approximately 5.78% of the outstanding Shares. (b) The information set forth in Items 7 through 11 of the cover pages hereto is incorporated herein by reference. (c) The information concerning transactions in the Shares effected by the Reporting Persons during the past 60 days is set forth in Appendix C hereto and incorporated herein by reference. All such transactions were effected through the open market. (d)-(e) Not applicable. 16 ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None of the Reporting Persons has any contracts, arrangements, understandings or relationships with respect to any securities of the Company. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. The following are filed herewith as exhibits to this Statement. 1. Agreement among the signatories of this Statement with respect to its filing. 17 SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: December 11, 1996 /s/ Irwin L. Jacobs ---------------------------------------- Irwin L. Jacobs /s/ Alexandra Jacobs ---------------------------------------- Alexandra Jacobs /s/ Melinda A. Jacobs-Grodnick ---------------------------------------- Melinda A. Jacobs-Grodnick /s/ Randi F. Jacobs ---------------------------------------- Randi F. Jacobs /s/ Trisha L. Jacobs ---------------------------------------- Trisha L. Jacobs Irwin L. Jacobs Irrevocable Trust FBO Melinda A. Jacobs-Grodnick /s/ David Mahler ---------------------------------------- By: David Mahler, Trustee Irwin L. Jacobs Irrevocable Trust FBO Randi F. Jacobs /s/ David Mahler ---------------------------------------- By: David Mahler, Trustee Irwin L. Jacobs Irrevocable Trust FBO Trisha L. Jacobs /s/ David Mahler --------------------------------------- By: David Mahler, Trustee Jacobs Management Corporation By: /s/ Irwin L. Jacobs --------------------------------------- Irwin L. Jacobs, President 18 Appendix A ---------- Trustees of the Trusts ---------------------- Name and Business Address Principal Occupation - ------------------------- -------------------- Alexandra Jacobs Artist 100 South Fifth Street Suite 2500 Minneapolis, Minnesota 55402 David A. Mahler Vice President and Treasurer, 100 South Fifth Street Jacobs Management Corporation Minneapolis, Minnesota 55402 19 Appendix B ---------- Directors, Executive Officers and Controlling Persons of JMC -------------------------- Name Principal Occupation - ---- -------------------- Irwin L. Jacobs President, Director and Controlling Person of JMC Daniel T. Lindsay Executive Vice President, Secretary and Director of JMC Roger Cloutier, II Senior Vice President of JMC Warren A. Erdman Vice President of Administration of JMC David A. Mahler Vice President and Treasurer of JMC The business address of each of the persons listed above is 100 South Fifth Street, Suite 2500, Minneapolis, Minnesota 55402. 20 Appendix C ---------- Transactions By the Reporting Persons in Pinnacle Systems, Inc. Common Stock During the Past 60 Days ----------------------------------------------------------- IRWIN L. JACOBS Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ------ -------- ------------- ------------- 11/01/96 20,000 10.938 0.00 218,750.00 11/18/96 105,000 9.750 0.00 1,023,750.00 12/02/96 67,000 10.250 0.00 686,750.00 ALEXANDRA JACOBS Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ------ -------- ------------- ------------- 12/02/96 10,000 10.250 0.00 102,500.00 MELINDA A. JACOBS-GRODNICK Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ------ -------- ------------- ------------- 11/18/96 5,000 9.750 0.00 48,750.00 21 RANDI F. JACOBS Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ------ -------- ------------- ------------- 11/18/96 10,000 9.750 0.00 97,500.00 TRISHA L. JACOBS Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ------ -------- ------------- ------------- 11/18/96 20,000 9.750 0.00 195,000.00 IRWIN L. JACOBS IRREVOCABLE TRUST FBO RANDI F. JACOBS Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ------ -------- ------------- ------------- 12/02/96 50,000 10.250 0.00 512,500.00 IRWIN L. JACOBS IRREVOCABLE TRUST FBO TRISHA L. JACOBS Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ------ -------- ------------- ------------- 12/02/96 20,000 10.250 0.00 205,000.00 22 JACOBS MANAGEMENT CORPORATION Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ------ -------- ------------- ------------- 12/10/96 20,000 12.344 1,000.00 247,874.00 23 Exhibit Index Exhibit Page - ------- ---- 1. Agreement among the signatories to this Statement with respect to its filing............................25 24 NYFS05...:\40\63840\0001\1798\SCHD106R.12A EX-1 2 JOINT FILING AGREEMENT EXHIBIT 1 AGREEMENT This will confirm the agreement by and among all the undersigned that the Schedule 13D filed on or about this date with respect to the beneficial ownership of the undersigned of shares of the common stock of the Company is being filed on behalf of each of the individuals named below. This Agreement may be executed in two or more counterparts, each of which be deemed an original, but all of which together shall constitute one and the same instrument. Dated: December 11, 1996 /s/ Irwin L. Jacobs ---------------------------------------- Irwin L. Jacobs /s/ Alexandra Jacobs ---------------------------------------- Alexandra Jacobs /s/ Melinda A. Jacobs-Grodnick ---------------------------------------- Melinda A. Jacobs-Grodnick /s/ Randi F. Jacobs ---------------------------------------- Randi F. Jacobs /s/ Trisha L. Jacobs ---------------------------------------- Trisha L. Jacobs Irwin L. Jacobs Irrevocable Trust FBO Melinda A. Jacobs-Grodnick /s/ David Mahler ---------------------------------------- By: David Mahler, Trustee Irwin L. Jacobs Irrevocable Trust FBO Randi F. Jacobs /s/ David Mahler ---------------------------------------- By: David Mahler, Trustee Irwin L. Jacobs Irrevocable Trust FBO Trisha L. Jacobs /s/ David Mahler --------------------------------------- By: David Mahler, Trustee Jacobs Management Corporation By: /s/ Irwin L. Jacobs --------------------------------------- Irwin L. Jacobs, President 25 -----END PRIVACY-ENHANCED MESSAGE-----