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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
YieldUP International Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
985837 10 3
(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 (2/92) Page 1 of 5 pages
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CUSIP No. 985837 10 3 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Abhay K. Bhushan
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
247,231
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 247,231
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
247,231
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
Does not include an aggregate of 154,761 shares of Common Stock issuable upon
exercise of Class A and Class B Warrants held by Mr. Bhushan and his family
members.
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1%
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12 TYPE OF REPORTING PERSON*
In
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SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 5 Pages
ITEM 1(a) Name of Issuer:
YieldUP International Corporation
ITEM 1(b) Address of Issuer's Principal Executive Offices:
117 Easy Street
Mountain View, CA 94043
ITEM 2(a) Name of Person Filing:
Abhay K. Bhushan
ITEM 2(b) Address of Person Filing:
c/o YieldUP International Corporation
117 Easy Street
Mountain View, CA 94043
ITEM 2(c) Citizenship:
United States
ITEM 2(d) Class of Securities:
Common Stock, $.001 par value
ITEM 2(e) CUSIP Number:
985837 10 3
ITEM 3 Status of Person Filing:
Not Applicable
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Page 4 of 5 Pages
<TABLE>
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ITEM 4 OWNERSHIP (AT DECEMBER 31, 1996):
(A) AMOUNT OWNED "BENEFICIALLY" WITHIN THE MEANING OF RULE 13d-3:
247,231 shares
(B) PERCENT OF CLASS:
As of December 31, 1996, the percentage of the class represented by the shares held by Reporting Person as reported in
Item 4(a) above was approximately 8.1%.
(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) sole power to vote or direct the vote: 247,231 shares
(ii) shared power to vote or direct the vote: 0 shares
(iii) sole power to dispose or to direct the disposition of: 247,231 shares
(iv) shared power to dispose or to direct disposition of: 0 shares
Abhay K. Bhushan disclaims beneficial ownership of 43,434 shares registered in the name of family members of Mr.
Bhushan, except to the extent of any pecuniary interest therein which he may have.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER.
Not Applicable
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY.
Not Applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS.
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION.
Not Applicable
ITEM 10 CERTIFICATION.
Not Applicable
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Page 5 of 5 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.
Date: February 14, 1997
/s/ Abhay K. Bhushan
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Abhay K. Bhushan
