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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), (c)
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. __)(1)
IAT Multimedia, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
13-3920210
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(CUSIP Number)
December 31, 1998
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1 (b)
[ ] Rule 13d-1 (c)
[X] Rule 13d-1 (d)
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(1) 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).
(Continued on following page(s))
Page 1 of 7 Pages
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CUSIP NO.: 449202100 13G PAGE 2 OF 7 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Volker Walther
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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
Germany
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5 SOLE VOTING POWER
915,750
NUMBER OF
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH 844,490
REPORTING
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PERSON 8 SHARED DISPOSITIVE POWER
71,260
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
915,750
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.1%
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12 TYPE OF REPORTING PERSON*
IN
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SEC 174__ (6-__) * SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO.: 449202100 13G PAGE 3 OF 7 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Walther Glas GmbH
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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
Germany
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5 SOLE VOTING POWER
0
NUMBER OF
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY 831,985
OWNED BY ---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
EACH 0
REPORTING
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PERSON 8 SHARED DISPOSITIVE POWER
831,985
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
831,985
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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
8.3%
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12 TYPE OF REPORTING PERSON*
CO
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SEC 174__ (6-__) * SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 4 of 7
ITEM 1(a) NAME OF ISSUER : IAT Multimedia, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
IAT Multimedia, Inc.
Geschaftshaus Wasserschloss
Aarestrasse 17
CH-5300 Vogelsang-Turgi, Switzerland
ITEM 2(a) NAME OF PERSON FILING:
Volker Walther and Walther Glas GmbH(1)
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR IF NONE,
RESIDENCE:
Pestalozlweg 8
D-34439 Willabadessen
Germany
ITEM 2(c) CITIZENSHIP:
Volker Walther is a German citizen and
Walther Glas GmbH is a German corporation
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value
ITEM 2(e) CUSIP NUMBER:
449202100
ITEM 3 NOT APPLICABLE
If This Statement is Filed Pursuant to Rule
13d-1(b), or 13d-2(b) or (c), Check Whether the
Person Filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act.
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(1) Mr. Walther is the majority shareholder of Walther Glas GmbH and has sole
voting and sole dispositive power over the shares of Common Stock
beneficially owned by Walther Glas GmbH.
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Page 5 of 7
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with
Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J);
If this statement is filed pursuant to Rule 13d-1(c), check this box. [ ]
ITEM 4. OWNERSHIP:
(a) Amount beneficially owned:
(a) Volker Walther beneficially owns 915,750 shares of Common
Stock consisting of (i) 831,985 shares of Common Stock
beneficially owned by Walther Glas GmbH, (ii) 58,765 shares
of Common Stock which are held in escrow but in respect of
which Mr. Walther has the power to vote and (iii) 25,000
shares of Common Stock issuable upon exercise of options that
are exercisable within 60 days and (b) Walther Glas GmbH
beneficially owns 831,985 shares of Common Stock, of which
12,495 as held in escrow but in respect of which Walther Glas
GmbH retains the power to vote. Excludes 25,000 shares of
Common Stock issuable upon exercise of options held by Volker
Walther that are not exercisable within 60 days.
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Page 6 of 7
(b) Percent of class:
Volker Walther beneficially owns 9.1% and Walther Glas GmbH
beneficially owns 8.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Volker Walther - 915,750
Walther Glas GmbH - 0
(ii) Shared power to vote or to direct the vote:
Volker Walther - 0
Walther Glas GmbH - 831,985
(iii) Sole power to dispose or to direct the disposition of:
Volker Walther - 844,490
Walther Glas GmbH - 0
(iv) Shared power to dispose or to direct the disposition of:
Volker Walther - 71,260
Walther Glas GmbH - 831,895
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
PERSON
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH
ACQUIRED THE SECURITIES
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATION
Not Applicable
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Page 7 of 7
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 11, 1999
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(Date)
/s/ Volker Walther
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(Signature)
Volker Walther
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(Name/Title)
February 11, 1999
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(Date)
Walther Glas GmbH
By: /s/ Volker Walther
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Volker Walther
