-----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, TPcfQ7ClPequYNPfC8ES3TBCJab5hZMm5x2SeQZ5dfUtUnyFMlpA8D9YzhvuY8+p 8KXVmKYn/EYyuuAHtjnHBQ== 0000950148-97-001630.txt : 19970605 0000950148-97-001630.hdr.sgml : 19970605 ACCESSION NUMBER: 0000950148-97-001630 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970604 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NAM TAI ELECTRONICS INC CENTRAL INDEX KEY: 0000829365 STANDARD INDUSTRIAL CLASSIFICATION: OFFICE MACHINES, NEC [3579] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-46775 FILM NUMBER: 97619321 BUSINESS ADDRESS: STREET 1: C/O NAM TAI ELECTRONICS INC STREET 2: SUITE 530-999 WEST HASTING ST CITY: VANCOUVER BC STATE: K3 ZIP: V6CZWZ BUSINESS PHONE: 6046697800 MAIL ADDRESS: STREET 1: C/O NAM TAI ELECTRONICS CANADA LTD STREET 2: SUITE 530-999 WEST HASTING ST CITY: VANCOUVER BC STATE: A1 ZIP: V6CZWZ FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KOO M K CENTRAL INDEX KEY: 0000942050 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 990 WEST HASTINGS ST STREET 2: STE 530 CITY: VANCOUVER BC CANADA STATE: A1 BUSINESS PHONE: 6046697800 MAIL ADDRESS: STREET 1: 9100 WILSHIRE BLVD STREET 2: 8TH FLOOR EAST TWR CITY: BEVERLY HILLS STATE: CA ZIP: 90212 SC 13D 1 SCHEDULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (AMENDMENT NO. 16) NAM TAI ELECTRONICS, INC. (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securities) 629865 205 (Cusip Number) Mr. M. K. Koo Nam Tai Electronics (Canada) Inc. 999 West Hastings Street Suite 530 Vancouver, British Columbia V6C 2W2 Canada Telephone: (604) 669-7800 Fax: (604) 669-7816 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) ________________________________ with copy to: Mr. Lorne Waldman, ESQ. Nam Tai Electronics (Canada) Inc. 999 West Hastings Street Suite 530 Vancouver, British Columbia V6C 2W2 Canada Telephone: (604) 669-7800 Fax: (604) 669-7816 May 29, 1997 (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 [ ]. Check the following box if a fee is being paid with the statement [ ]. Page 1 of 5 pages No exhibit index. 2 Page 2 of 5 CUSIP NO. 629865 205 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Ming Kown Koo - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a)/ / (b)/ / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2 (d) OR 2 (e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Canadian - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 2,371,156 SHARES ------------------------------------------------------ BENEFICIALLY 8 SHARES VOTING POWER OWNED BY EACH ------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON 2,371,156 WITH ------------------------------------------------------ 10 SHARES DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,371,156 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/ - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 30.2% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- 3 Page 3 of 5 CUSIP NO. 629865 205 ITEM 1. SECURITY AND ISSUER. This statement relates to the Common Shares, $0.01 par value (the "Common Shares") of Nam Tai Electronics, Inc. (the "Company") an International Business Company organized under the laws of the British Virgin Islands, with principal executive offices located in Unit 9, 15/F., Tower 1, China Hong Kong City, 33 Canton Road, T.S.T., Kowloon, Hong Kong. ITEM 2. IDENTITY AND BACKGROUND. This statement is being filed by Mr. Ming Kown Koo ("Mr. Koo") an individual. Mr. Koo's business address is Nam Tai Electronics, Inc., c/o Nam Tai Electronics (Canada) Ltd., 999 West Hastings Street, Suite 530, Vancouver, British Columbia, V6C 2W2, Canada. Mr. Koo is the Chairman of the Board of the Company. During the past five years Mr. Koo has not been convicted in a criminal proceeding and has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which it is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws of finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION. Not applicable. ITEM 4. PURPOSE OF TRANSACTION. The purpose of the transaction is to raise funds for Mr. Koo to: a) pay down a margin loan; b) repay a debt owing to Nam Tai Electronics, Inc. for the purchase of a residential property from the Company; and, c) to repay a personal loan. Additional sales of Common Shares may be made in the future if circumstances so require. Similarly, Mr. Koo has in the past purchased, and may in the future purchase, Common Shares in the open market for investment. Mr. Koo has no plans or proposals that relate to or would result in the matters identified in Item 4(a) through (j) of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) At June 3, 1997 as a result of the sale of 182,500 Common Shares Mr. Koo beneficially owned 2,371,156 or 30.3% of the Common Shares outstanding. The amount of Common Shares includes 26,667 shares that Mr. Koo may acquire upon exercise of stock options exercisable within 60 days of the date of filing and the percentage ownership was calculated in accordance with Rule 13d(1) (i) under the Securities Exchange Act of 1934. The amount of Common Shares and percentage ownership excludes 200,000 Common Shares registered to Mars Yue Kung Koo, Mr. Koo's son, as to which Mr. Koo disclaims beneficial ownership. 4 Page 4 of 5 CUSIP NO. 629865 205 (b) Mr. Koo has exclusive investment voting and investment power over the Common Shares referred to in paragraph (a) as beneficially owned by him. (c) The following table sets forth details of the open market sales of the Company's Common Shares (all of which were made through PaineWebber Incorporated) made by Mr. Koo during the past 60 days:
NUMBER OF TRADE SHARES SALES DATE SOLD (#) PRICE ($) PROCEEDS ($) ---- -------- --------- ------------- May 5, 1997 5,000 11.75 $58,750.00 May 6, 1997 5,000 11.70 $58,500.00 May 7, 1997 2,000 12.25 $24,500.00 May 20, 1997 5,000 13.125 $65,625.00 May 20, 1997 15,000 13.25 $198,750.00 May 21, 1997 16,000 13.125 $210,000.00 May 27, 1997 6,000 12.675 $76,050.00 May 27, 1997 10,000 12.75 $127,500.00 May 28, 1997 14,000 12.50 $175,000.00 May 29, 1997 30,000 12.50 $375,000.00 May 30, 1997 20,000 12.50 $250,000.00 June 2, 1997 45,000 12.50 $562,500.00 June 3, 1997 9,500 12.50 $118,750.00 ----- ------------- Total 182,500 $2,300,925.00 ======= =============
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Previously reported. 5 Page 5 of 5 CUSIP NO. 629865 205 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Not applicable 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. June 3, 1997 By: /s/ M.K. Koo ------------------------------- Ming Kown Koo -----END PRIVACY-ENHANCED MESSAGE-----