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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. 1)*
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
Stephen V. Sedmak
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [ ]
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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 868,147
BENEFICIALLY ------------------------------------------
OWNED 6 SHARED VOTING POWER
BY EACH
REPORTING 5,800
PERSON ------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
868,147
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8 SHARED DISPOSITIVE POWER
5,800
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
873,947
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
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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:
Stephen V. Sedmak
Item 2(b). Address of Principal Business Office or, if None, Residence:
SRS Labs, Inc., 2909 Daimler Street, Santa Ana, California 92705
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: 873,947
(b) Percent of Class: 8.8%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 868,147
(ii) Shared power to vote or to direct the vote: 5,800
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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: 868,147
(iv) Shared power to dispose or to direct the
disposition of: 5,800
Stephen V. Sedmak's beneficial ownership of the shares set forth above
is subject to applicable community property laws. The shares
beneficially owned by Mr. Sedmak include 283,199 shares issuable upon
exercise of stock options that vest on or before March 1, 1998. The
shares beneficially owned by Mr. Sedmak also include 5,800 shares held
by his wife, Mary F. Sedmak, as custodian for their children, Jeffrey
S. Sedmak (2,900 shares) and Sarah E. Sedmak (2,900 shares), who have
the right to receive dividends from, and the proceeds from the sale of,
such shares.
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.
Inapplicable.
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.
2/9/98
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Date
/s/ Stephen V. Sedmak
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Stephen V. Sedmak
