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OMB APPROVAL
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OMB Number: 3235-0145
Expires: December 31, 1997
Estimated average burden
hours per response...... 14.90
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
SMART Modular Technologies, Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
831690 10 2
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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).
SEC 1745 (2-95)
Page 1 of 5 Pages
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CUSIP NO. 831690 10 2 SCHEDULE 13G PAGE 2 OF 5 PAGES
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bayside Development Corporation
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Panama
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(5) SOLE VOTING POWER
NUMBER OF 2,936,000
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 2,936,000
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(8) SHARED DISPOSITIVE POWER
-0-
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,936,000
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
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(12) TYPE OF REPORTING PERSON (See Instructions)
CO
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CUSIP No. 831690 10 2 Page 3 of 5 Pages
Item 1.
(a) Name of Issuer:
SMART Modular Technologies, Inc.
(b) Address of Issuer's Principal Executive Offices:
4305 Cushing Parkway
Fremont, CA 94538
Item 2.
(a) Name of Person Filing:
Bayside Development Corporation
(b) Address of Principal Business Office or, if none, Residence:
P.O. Box 203
29 Athol Street
Douglas, Isle of Man
(c) Citizenship:
Panama
(d) Title of Class of Securities:
Common Stock, no par value
(e) CUSIP Number:
831690 10 2
Item 3. Type of Filing:
This statement is not being filed pursuant to Rule 13d-1(b) or
13d-2(b).
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CUSIP No. 831690 10 2 Page 4 of 5 Pages
Item 4. Ownership:
(a) Amount Beneficially Owned:
2,936,000
(b) Percent of Class:
6.9%
(c) Number of Shares as to Which Such Person Has:
(i) Sole Power to Vote or to Direct the Vote:
2,936,000
(ii) Shared Power to Vote or to Direct the Vote:
-0-
(iii) Sole Power to Dispose or Direct the
Disposition Of:
2,936,000
(iv) Shared Power to Dispose or Direct the
Disposition Of:
-0-
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:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company:
Not applicable.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
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CUSIP No. 831690 10 2 Page 5 of 5 Pages
Item 9. Notice of Dissolution of Group:
Not applicable.
Item 10. Certification:
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.
Date: February 13, 1998 By: /s/ David C. Litton
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David C. Litton
Director