UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.)*
BEI TECHNOLOGIES, INC.
(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
(Title of Class of Securities)
00005538P 10 4
(CUSIP Number)
Charles Crocker and Affiliated Trusts
One Post Street, Suite 2500
San Francisco, CA 94104
(415) 956-5250
(Name, Address and Telephone Number of Person Authorized\
to Receive Notices and Communications)
September 27, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
Check the following box if a fee is being paid with the statement |_|. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
* 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 ("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>
<TABLE>
<CAPTION>
CUSIP No. 0005538P 10 4 SCHEDULE 13D 2 of 11
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles Crocker
SS # ###-##-####
- --------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00: Distribution by parent company to stockholders
- --------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2 (e) |_|
- --------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER
shares
beneficially 1,557,904
owned by
each -------------------------------------------------------------------------------------------------
reporting
person with 8 SHARED VOTING POWER
0
-------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,557,904
-------------------------------------------------------------------------------------------------
10 SHARE DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,157,904 *
* This amount includes 54,936 shares held by Fund B for the
benefit of Charles Crocker III, Charles Crocker Trustee
- --------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
The amount indicated does not include 200,000 shares held by
Charles Crocker, Trustee for Abigail E. Crocker, and 200,000
shares held by Charles Crocker, Trustee for Sarah C. Crocker.
Charles Crocker disclaims beneficial ownership of such shares.
- --------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.3 %
- --------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN: 00 (Trust, see Item 11 above)
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 0005538P 10 4 SCHEDULE 13D 3 of 11
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fund B for benefit of Charles Crocker III, Charles Crocker
Trustee SS # ###-##-#### ; IRS Identification No. for Trust
94-6083755
- --------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00: Distribution by parent company to stockholders
- --------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2 (e) |_|
- --------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A. Trust established under California law
- --------------------------------------------------------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER
shares
beneficially 54,936
owned by
each -------------------------------------------------------------------------------------------------
reporting
person with 8 SHARED VOTING POWER
0
-------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
54,936
-------------------------------------------------------------------------------------------------
10 SHARE DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,936 *
- --------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
The amount indicated does not include 1,102,968 shares held by Charles Crocker, 200,000 shares held
by Charles Crocker, Trustee for Abigail E. Crocker, and 200,000 shares held by Charles Crocker,
Trustee for Sarah C. Crocker. Fund B for benefit of Charles Crocker III, Charles Crocker Trustee,
disclaims beneficial ownership of such shares.
- --------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8 %
- --------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN: 00 (Trust, see Item 1 above)
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 0005538P 10 4 SCHEDULE 13D 4 of 11
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles Crocker, SS # ###-##-####, Trustee for Abigail E. Crocker
Trust IRS Identification No. 94-6363847
- --------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00: Distribution by parent company to stockholders
- --------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2 (e) |_|
- --------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA, Trust established under California law
- --------------------------------------------------------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER
shares
beneficially 200,000
owned by
each -------------------------------------------------------------------------------------------------
reporting
person with 8 SHARED VOTING POWER
0
-------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
200,000
-------------------------------------------------------------------------------------------------
10 SHARE DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,000 *
- --------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
The amount indicated does not include 1,102,968 shares held by Charles Crocker, 54,936 shares held
by Fund B for benefit of Charles Crocker III, Charles Crocker Trustee, and 200,000 shares held by
Charles Crocker, Trustee for Sarah C. Crocker. Charles Crocker, Trustee for Abigail E. Crocker,
disclaims beneficial ownership of such shares.
- --------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8 %
- --------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN: 00 (Trust, see Item 1 above)
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CUSIP No. 0005538P 10 4 SCHEDULE 13D 5 of 11
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles Crocker, SS # ###-##-####, Trustee for Sarah C. Crocker
Trust IRS Identification No. 94-6363848
- --------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP* (a) |_|
(b) |X|
- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00: Distribution by parent company to stockholders
- --------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2 (e) |_|
- --------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA, Trust established under California law
- --------------------------------------------------------------------------------------------------------------------------
Number of 7 SOLE VOTING POWER
shares
beneficially 200,000
owned by
each -------------------------------------------------------------------------------------------------
reporting
person with 8 SHARED VOTING POWER
0
-------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
200,000
-------------------------------------------------------------------------------------------------
10 SHARE DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,000 *
- --------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |X|
The amount indicated does not include 1,102,968 shares held by Charles Crocker, 54,936 shares held
by Fund B for benefit of Charles Crocker III, Charles Crocker Trustee, and 200,000 shares held by
Charles Crocker, Trustee for Abigail E. Crocker. Charles Crocker, Trustee for Sarah C. Crocker,
disclaims beneficial ownership of such shares.
- --------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8 %
- --------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN: 00 (Trust, see Item 1 above)
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CUSIP No. 0005538P 10 4 SCHEDULE 13D 6 of 11
Item 1. Security and Issuer
The title of the class of equity securities to which this statement
relates is the Common Stock, par value $0.001 per share (the "Shares"), of BEI
Technologies, Inc., a Delaware corporation (the "Company"). The address of the
Company's principal executive office is One Post Street, Suite 2500, San
Francisco, California 94104.
Item 2. Identity and Background
The person(s) filing this Statement are Charles Crocker; Fund B for
benefit of Charles Crocker III, Charles Crocker, Trustee; Charles Crocker,
Trustee for Abigail E. Crocker; and Charles Crocker, Trustee for Sarah C.
Crocker. The business address is One Post Street, Suite 2500, San Francisco,
California 94104. During the last five years, Charles Crocker has not been
convicted in a criminal proceeding (excluding traffic violations and similar
misdemeanors), nor has Mr. Crocker been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as a result of which
Mr. Crocker was or is subject to a judgement, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to federal
or state securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Each of the reporting persons in this statement acquired the shares
reported as a result of the spin-off of BEI Technologies, Inc. from its parent,
BEI Electronics, Inc. on September 27, 1997, which was effected by the
distribution by BEI Electronics, Inc. to its stockholders of one share of common
stock of BEI Technologies, Inc. for each share of common stock of BEI
Electronics, Inc. held by such stockholder on the record date for the
distribution.
Item 4. Purpose of Transaction
Each of the reporting persons named in this statement has acquired his or its
respective shares strictly for the purpose of equity security investment and
have no present plans or proposals which would relate to or result in:
(a) The acquisition by any person of additional securities of the
Company, or the disposition of securities of the Company;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Company or
any of its subsidiaries.
<PAGE>
CUSIP No. 0005538P 10 4 SCHEDULE 13D 7 of 11
(d) Any change in the present board of directors or management of the
Company, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend
policy of the Company;
(f) Any other material change in the Company's business or corporate
structure;
(g) Changes in the Company's charger, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Company by any person;
(h) Causing a class of securities of the Company to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(a)(i) As of the date of this Statement, Charles Crocker is a
beneficial owner of 1,102,968 shares (approximately 15.5% of the outstanding
Shares as of November 24, 1997, based on information provided in the Company's
10-K filed December 9, 1997).
(ii) As of the date of this Statement, Fund B for benefit of
Charles Crocker III, Charles Crocker, Trustee is a beneficial owner of 54,936
shares (approximately 0.8% of the outstanding Shares as of November 24, 1997,
based on information provided in the Company's 10-K filed December 9, 1997).
(iii) As of the date of this Statement, Charles Crocker, Trustee for
Abigail E. Crocker Trust (the "Abigail Trust") is the beneficial owner of
200,000 shares (approximately 2.8% of the outstanding Shares as of November 24,
1997, based on information provided in the Company's 10-K filed December 9,
1997). Mr. Crocker, as Trustee of the Abigail Trust expressly disclaims
beneficial ownership of such shares owned by the Abigail Trust, and the filing
of this statement shall not be construed as an admission that Mr. Crocker is the
beneficial owner of such shares.
(iv) As of the date of this Statement, Charles Crocker, Trustee for
Sarah C. Crocker Trust (the "Sarah Trust") is the beneficial owner of 200,000
shares (approximately 2.8% of the outstanding Shares as of November 24, 1997,
based on information provided in the Company's 10-K filed December 9, 1997). Mr.
Crocker, as Trustee of the Sarah Trust expressly disclaims
<PAGE>
CUSIP No. 0005538P 10 4 SCHEDULE 13D 8 of 11
beneficial ownership of such shares which may be beneficially owned by the Sarah
Trust, and the filing of this statement shall not be construed as an admission
that Mr. Crocker is the beneficial owner of such Shares.
(b)(i) Charles Crocker has sole voting power and sole investment power
with respect to the Shares reported in (a)(i), (a)(ii), (a)(iii) and (a)(iv)
above.
(c) No transactions have been effected which are required to be
disclosed.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
the securities reported on this statement.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
To the best of the knowledge of the undersigned, there are no
contracts, arrangements, understandings or relationships (legal or otherwise)
among any of the named reporting persons and between such persons and any other
person with respect to any securities of the Company, including, but not limited
to, transfer or voting of any of the securities, finder's fees, joint ventures,
loan or option arrangements, puts or calls, guarantees of profits, division of
profits or loss, or the giving or withholding of proxies.
Item 7. Material to Be Filed as Exhibits
The following document is filed herewith as an exhibit to this
statement:
(a) Joint Filing Agreement
<PAGE>
CUSIP No. 0005538P 10 4 SCHEDULE 13D 9 of 11
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.
/S/ CHARLES CROCKER
- ---------------------------
Charles Crocker
5/11/98
- ----------------
Date
Fund B for benefit of Charles Crocker, III
Charles Crocker, Trustee
by: /S/ CHARLES CROCKER
---------------------------
Charles Crocker, Trustee
5/11/98
- ----------------
Date
Abigail E. Crocker Trust
/S/ CHARLES CROCKER
- ---------------------------
Charles Crocker, Trustee
for Abigail E. Crocker
5/11/98
- ----------------
Date
Sarah C. Crocker Trust
/S/ CHARLES CROCKER
- ---------------------------
Charles Crocker, Trustee
for Sarah C. Crocker
5/11/98
- ----------------
Date
<PAGE>
CUSIP No. 0005538P 10 4 SCHEDULE 13D 10 of 11
EXHIBIT INDEX
Exhibit Page
- ------- ----
99.1 Joint Filing Agreement 11
CUSIP No. 0005538P 10 4 SCHEDULE 13D 11 of 11
Exhibit 99.1
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(f) (1) under the Securities Exchange act of
1934, the undersigned hereby agree that only one statement containing the
information required by Schedule 13D (or any amendment thereof) need to be filed
on their behalf with respect to the beneficial ownership of any equity
securities of BEI Technologies, Inc. or any subsequent acquisitions or
dispositions of equity securities of BEI Technologies, Inc. by any of the
undersigned.
/S/ CHARLES CROCKER
- ---------------------------
Charles Crocker
5/11/98
- ----------------
Date
Fund B for benefit of Charles Crocker, III
Charles Crocker, Trustee
by: /S/ CHARLES CROCKER
---------------------------
Charles Crocker, Trustee
5/11/98
- ----------------
Date
Abigail E. Crocker Trust
/S/ CHARLES CROCKER
- ---------------------------
Charles Crocker, Trustee
for Abigail E. Crocker
5/11/98
- ----------------
Date
Sarah C. Crocker Trust
/S/ CHARLES CROCKER
- ---------------------------
Charles Crocker, Trustee
for Sarah C. Crocker
5/11/98
- ----------------
Date
