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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
JNI Corporation
(Name of Issuer)
Common Stock, Par Value $0.001
------------------------------
(Title of Class of Securities)
46622 G
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(CUSIP Number)
December 31, 1999
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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)
*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).
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CUSIP No. 46622 G 13G Page 2 of 5 Pages
- ------------------- ---------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Jaymark, Inc. IRS Employment Identification Number: 33-0744824
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
14,175,000
NUMBER OF ---------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY N/A
OWNED BY ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 14,175,000
PERSON ---------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
N/A
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,175,000
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
65 %
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1(a)
Name of Issuer:
JNI Corporation
ITEM 1(b)
Address of Issuer's Principal Executive Offices:
9775 Towne Centre Drive
San Diego, CA 92121
ITEM 2(a)-(c)
Name, Address and Citizenship of Person Filing:
Jaymark, Inc.
9775 Towne Centre Drive
San Diego, CA 92121
A Delaware corporation.
ITEM 2(d)
Title of Class of Securities:
Common Stock, Par Value $0.001
ITEM 2(e)
CUSIP Number:
46622 G
ITEM 3
Type of Person:
Not Applicable.
ITEM 4
Ownership:
(a) Amount beneficially owned: 14,175,000
(b) Percent of class: 65
(c) Number of shares as to which the person has:
(i) sole power to vote or direct the vote: 14,175,000
(ii) shared power to vote or direct the vote: N/A
(iii) sole power to dispose or to direct the disposition of 14,175,000
(iv) shared power to dispose or to direct the disposition of N/A .
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ITEM 5
Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following: [ ]
ITEM 6
Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
ITEM 7
Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on by the Parent Holding Company:
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:
(a) Not Applicable.
(b) By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that
effect.
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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.
Date: February 3, 2000
JAYMARK, INC.
By: /s/ Randy Johnson
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Name: Randy Johnson
Its: Chief Financial Officer
