-----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, Qkr7eAR2QTZm9ihaI39yBlo16ackSvMAys5xdaigdCtTUvlS9KX3biZUq0zMArii M2sEe/zy3a1cGmmXzJPQLA== 0000891554-97-000944.txt : 19971014 0000891554-97-000944.hdr.sgml : 19971014 ACCESSION NUMBER: 0000891554-97-000944 CONFORMED SUBMISSION TYPE: 3/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970925 FILED AS OF DATE: 19971010 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JTS CORP CENTRAL INDEX KEY: 0000941167 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 770364572 FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: 3/A SEC ACT: SEC FILE NUMBER: 001-14442 FILM NUMBER: 97693637 BUSINESS ADDRESS: STREET 1: 166 BAYPOINTE PARKWAY CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4084681800 FORMER COMPANY: FORMER CONFORMED NAME: JT STORAGE INC DATE OF NAME CHANGE: 19960508 COMPANY DATA: COMPANY CONFORMED NAME: AMBER ARBITRAGE LDC /BD CENTRAL INDEX KEY: 0001022813 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3/A BUSINESS ADDRESS: STREET 1: C/O CUSTOM HOUSE FUND MANAGEMENT LTD STREET 2: 31 KINDARE ST CITY: DUBLIN ZIP: 00001 BUSINESS PHONE: 3459490880 MAIL ADDRESS: STREET 1: C/O CUSTOM HOUSE FUND MANAGEMENT LTD STREET 2: 31 KILDARE ST CITY: DUBLIN FORMER COMPANY: FORMER CONFORMED NAME: AMBER ARBITRAGE LDC /BD DATE OF NAME CHANGE: 19971002 3/A 1 FORM 3/A ------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0104 Expires: September 30, 1998 Estimated average burden hours per response ....... 0.5 ------------------------------ FORM 3/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDED INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ================================================================================ 1. Name and Address of Reporting Person* AMBER ARBITRAGE LDC - -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Custom House Fund Management Limited 31 Kildare Street - -------------------------------------------------------------------------------- (Street) Dublin Ireland 2 - -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Date of Event Requiring Statement (Month/Day/Year) ================================================================================ 3. IRS or Social Security Number of Reporting Person (Voluntary) ================================================================================ 4. Issuer Name and Ticker or Trading Symbol JTS Corporation (JTS) ================================================================================ 5. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ X ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) -------------------------------------------------------------------- ================================================================================ 6. If Amendment, Date of Original (Month/Day/Year) 9/25/97 ================================================================================ 7. Individual or Joint/Group Filing (Check applicable line) [ X ] Form Filed by One Reporting Person [ ] Form Filed by More than One Reporting Person ================================================================================ Table I -- Non-Derivative Securities Beneficially Owned ================================================================================
3. Ownership Form: 2. Amount of Securities Direct (D) or 1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr.5) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.001 per share 14,928,700 I Owned of record by the Reporting Person's clearing firm. - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v). (Over) SEC 1473 (9-96) FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
5. Owner- 3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date --------------------------------- 4. Conver- Security: (Month/Day/Year) Amount sion or Direct 6. Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1. Title of Derivative Exer- tion of Derivative (I) Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ Series D Converitble 9/25/97 N/A Common Stock, par 40,815,000 $.65625 D Preferrred Stock* value $.001 per share - ------------------------------------------------------------------------------------------------------------------------------------ Series D Converitble 9/25/97 N/A Common Stock, par 22,480,773 $.65625 D Preferrred Stock** value $.001 per share - ------------------------------------------------------------------------------------------------------------------------------------ Series D Converitble 9/25/97 N/A Common Stock, par 50,994,227 $.65625 D Preferrred Stock*** value $.001 per share - ------------------------------------------------------------------------------------------------------------------------------------ 5.25% Convertible N/A 4/29/02 Common Stock, par 4,904 $16.3125 I Owned of record Subordinated Debenture value $.001 per share by Reporting Person's clearing firm. - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: * Relates to 8,163 shares of Series D Convertible Preferred Stock owned by the Reporting Person. ** Relates to that portion of the 14,695 shares of Series D Convertible Preferred Stock held in escrow pursuant to the terms of an escrow agreement dated September 25, 1997 among the Issuer, the Reporting Person and certain other purchasers of Series D Convertible Preferred Stock, that can be converted by the Reporting Person into shares of Common Stock within 60 days based on the authorized shares of Common Stock currently available for such conversion. The Reporting Person may cause the delivery of such shares from the escrow at any time until May 31, 1998. *** Relates to an additional 50,994,227 shares of Common Stock that will be issuable upon conversion of the remaining shares of Series D Convertible Preferred Stock held in the aforesaid escrow and attributable to the Reporting Person when the number of authorized shares of Common Stock is increased to accommodate such conversion. The Reporting Person may cause the delivery of such shares from the escrow at any time until May 31, 1998. AMBER ARBITRAGE LDC /s/ Peter Anderson 10/10/97 - --------------------------------------------- ----------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, See Instruction 6 for procedure. 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 OMB Number. Page 2 SEC 1473 (8/92) -----END PRIVACY-ENHANCED MESSAGE-----