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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b) AND
(c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. 2)*
GRAPHON CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
388707 10 1
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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
disclosures provided in a prior cover page.
The information required on 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 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).
(Continued on following pages)
Page 1 of 6 Pages
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CUSIP NO. 388707 10 1 13 G Page 2 of 6 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Walter Keller
Tax ID Number: ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
NOT APPLICABLE (a) [_] (b) [_]
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3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 5 SOLE VOTING POWER
SHARES 1,107,582 (includes warrants to purchase 27,880 shares
BENEFICIALLY of common stock at an exercise price of $1.79 per share,
OWNED BY options to purchase 150,000 shares of common stock at an
EACH REPORTING exercise price of $6.13 per share, and 418,200 shares of
PERSON WITH common stock placed in escrow to be sold to Spencer Trask
investors on January 20, 2000.)
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6 SHARED VOTING POWER
0
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7 SOLE DISPOSITIVE POWER
689,382 (excludes 418,200 shares of common stock placed in
escrow to be sold to Spencer Trask investors on January
20, 2000.)
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,107,582 (See Item 4)
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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
8.8
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12 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 6 Pages
ITEM 1(a). NAME OF ISSUER:
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GraphOn Corporation
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
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150 Harrison Avenue
Campbell, CA 95008
ITEM 2(a). NAME OF PERSON FILING:
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Walter Keller
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:
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c/o GraphOn Corporation
150 Harrison Avenue
Campbell, CA 95008
ITEM 2(c) CITIZENSHIP:
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USA
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
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Common Stock
ITEM 2(e). CUSIP NUMBER:
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Not Applicable
ITEM 3. If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b), check whether the person filing is a:
Not Applicable
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Page 4 of 6 Pages
ITEM 4. OWNERSHIP:
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The following information with respect to the ownership of the
Common Stock of the issuer by the persons filing this Statement
is provided as of December 31, 1999:
(a) Amount beneficially owned: 1,107,582 /1/
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(b) Percent of Class: 8.8
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(c) Number of shares as to which such person has:
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(i) Sole power to vote or to direct the vote:
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1,107,582 /1/
(ii) Shared power to vote or to direct the vote:
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0
(iii) Sole power to dispose or to direct the
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disposition of:
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689,382 /2/
(iv) Shared power to dispose or to direct the
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disposition of: 0
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
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Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
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Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
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ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
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COMPANY:
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Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
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Not applicable
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1 Includes warrants to purchase 27,880 shares of common stock at an exercise
price of $1.79 per share, options to purchase 150,000 shares of common stock at
an exercise price of $6.13 per share, and 418,200 shares of common stock placed
in escrow to be sold to Spencer Trask investors on January 20, 2000.
2 Excludes 418,200 shares of common stock placed in escrow to be sold to
Spencer Trask investors on January 20, 2000.
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Page 5 of 6 Pages
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
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Not applicable
ITEM 10. CERTIFICATION:
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Not applicable
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Page 6 of 6 Pages
SIGNATURES
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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.
Dated: February 11, 2000
/s/ Walter Keller
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Walter Keller
President, Chief Executive Officer &
Director
