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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __________)*
SRS Labs, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
78464M 10 6
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(CUSIP Number)
* 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).
Page 1 of 5 Pages
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CUSIP No. 78464M 10 6 13G Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSONS OR
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Walter W. Cruttenden
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
NUMBER
OF SHARES 622,023
BENEFICIALLY ------------------------------------------
OWNED 6 SHARED VOTING POWER
BY EACH
REPORTING -0-
PERSON ------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
622,023
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8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
622,023
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.6%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP No. 78464M 10 6 13G Page 3 of 5 Pages
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Item 1(a). Name of Issuer:
SRS Labs, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
2909 Daimler Street, Santa Ana, California 92705
Item 2(a). Name of Person Filing:
Walter W. Cruttenden
Item 2(b). Address of Principal Business Office or, if None, Residence:
Cruttenden Roth Incorporated, 18301 Von Karman, Suite 100,
Irvine, California 92715
Item 2(c). Citizenship:
U.S.A.
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
78464M 10 6
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b),
identify the type of reporting person.
Inapplicable.
Item 4. Ownership.
(a) Amount Beneficially Owned: 622,023
(b) Percent of Class: 6.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 622,023
(ii) Shared power to vote or to direct the vote: 0
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CUSIP No. 78464M 10 6 13G Page 4 of 5 Pages
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(iii) Sole power to dispose or to direct the
disposition of: 622,023
(iv) Shared power to dispose or to direct the
disposition of: 0
Walter W. Cruttenden's beneficial ownership of the 622,023 shares set
forth above is subject to applicable community property laws. The
622,023 shares beneficially owned by Mr. Cruttenden do not include
36,206 shares held by one of his children, Christopher L. Cruttenden.
Mr. Cruttenden disclaims beneficial ownership of the 36,206 shares
held by Christopher L. Cruttenden.
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The 622,023 shares beneficially owned by Walter W. Cruttenden include
108,618 shares held by Mr. Cruttenden as custodian for three of his
children, Rian P. Cruttenden (36,206 shares), Jeffrey J. Cruttenden
(36,206 shares) and Alexander Cruttenden (36,206 shares), each of
whom have the right to receive the dividends from, and the proceeds
from the sale of, such shares.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent Holding Company.
Inapplicable.
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of Group.
Inapplicable.
Item 10. Certification.
Inapplicable.
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CUSIP No. 78464M 10 6 13G Page 5 of 5 Pages
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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.
February 13, 1997
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Date
/s/ Walter W. Cruttenden
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Walter W. Cruttenden