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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
TRUETIME, INC.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
897868-10-5
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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).
Page 1 of 7
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<TABLE>
<S> <C> <C>
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CUSIP NO. 897868-10-5 13 G Page 2 of 7 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
1 OYO CORPORATION U.S.A.
- --------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
2 (B) [ ]
- --------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 TEXAS
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NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 2,500,000 SHARES
OWNED 5
BY EACH ----------------------------------------------
REPORTING PERSON SHARED VOTING POWER
WITH 6
0 SHARES
----------------------------------------------
SOLE DISPOSITIVE POWER
7
2,500,000 SHARES
----------------------------------------------
SHARED DISPOSITIVE POWER
8
0 SHARES
- --------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 2,500,000 SHARES
- --------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 [ ]
- --------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
42.0%
- --------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
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</TABLE>
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<TABLE>
<S> <C> <C>
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CUSIP NO. 897868-10-5 13 G Page 3 of 7 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
1 OYO CORPORATION
- --------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
2 (B) [ ]
- --------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 JAPAN
- --------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 5 2,500,000 SHARES
OWNED ----------------------------------------------
BY EACH SHARED VOTING POWER
REPORTING PERSON 6 0 SHARES
WITH ----------------------------------------------
SOLE DISPOSITIVE POWER
7
2,500,000 SHARES
----------------------------------------------
SHARED DISPOSITIVE POWER
8 0 SHARES
- --------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 2,500,000
- --------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 [ ]
- --------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11 42.0%
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TYPE OF REPORTING PERSON
12 CO
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</TABLE>
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<TABLE>
<S> <C> <C>
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CUSIP NO. 897868-10-5 13 G Page 3 of 7 Pages
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
1 SATORU OHYA
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
2 (B) [ ]
- --------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- --------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 JAPAN
- --------------------------------------------------------------------------------------------------
NUMBER OF SOLE VOTING POWER
SHARES
BENEFICIALLY 5 2,510,000 SHARES(1)
OWNED
BY EACH
REPORTING PERSON ----------------------------------------------
WITH
SHARED VOTING POWER
6 0 SHARES
----------------------------------------------
SOLE DISPOSITIVE POWER
7 2,510,000 SHARES(1)
----------------------------------------------
SHARED DISPOSITIVE POWER
8 0 SHARES
- --------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9 2,510,000
- --------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 [ ]
- --------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11 42.2%
- --------------------------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12 IN
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</TABLE>
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Item 1(a) NAME OF ISSUER:
TrueTime, Inc.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2835 Duke Court
Santa Rosa, California 75407
Item 2(a) NAMES OF PERSONS FILING:
OYO Corporation U.S.A.
OYO Corporation
Satoru Ohya
This Schedule 13G is jointly filed on behalf of all of the
above-named persons.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
OYO Corporation U.S.A.
7334 N. Gessner
Houston, Texas 77040
OYO Corporation
Ichigaya Building
2-6 Kudan-kita 4-chome
Chiyoda-ku, Tokyo 102
Japan
Satoru Ohya
OYO Corporation
Ichigaya Building
2-6 Kudan-kita 4-chome
Chiyoda-ku, Tokyo 102
Japan
Item 2(c) CITIZENSHIP:
OYO Corporation U.S.A.: Texas
OYO Corporation and Satoru Ohya: Japan
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value (the "Common Stock")
Item 2(e) CUSIP NUMBER:
897868-10-5
Item 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
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Not applicable.
Item 4 OWNERSHIP:
OYO Corporation U.S.A. ("OYO U.S.A.") is the record holder and
beneficial owner of 2,500,000 share of common stock, $.01 par
value per share, of the Issuer (the "Common Stock"). OYO
U.S.A. is a wholly-owned subsidiary of OYO Corporation. Mr.
Satoru Ohya is the President of OYO Corporation and owns
approximately 298,800 ordinary shares of OYO Corporation. In
addition, Mr. Ohya's wife and children collectively own 19,741
shares of OYO Corporation. Mr. Ohya disclaims beneficial
ownership of the shares of OYO Corporation owned by his
children within the meaning of Rule 13d-3 under the Securities
Exchange Act of 1934. In addition, except for the 10,000
shares of Common Stock which Mr. Ohya has the option to
purchase, Mr. Ohya disclaims beneficial ownership of the
securities reported in this Schedule, and the filing of this
Schedule shall not be construed as an admission that Mr. Ohya
is, for purposes of Section 13(d) or 13(g) of the Act, the
beneficial owner of any of the securities reported on this
Schedule.
OYO Corporation U.S.A. and OYO Corporation:
(a) Amount Beneficially Owned: 2,500,000 shares
(b) Percent of Class: 42.0%
(c) (i) Sole Voting Power: 2,500,000 shares
(ii) Shares Voting Power: 0 shares
(iii) Sole Dispositive Power: 2,500,000 shares
(iv) Shares Dispositive Power: 0 shares
Satoru Ohya:
(a) Amount Beneficially Owned: 2,510,000 shares(1)
(b) Percent of Class: 42.2%
(c) (i) Sole Voting Power: 2,510,000 shares(1)
(ii) Shares Voting Power: 0 shares
(iii) Sole Dispositive Power: 2,510,000 shares(1)
(iv) Shares Dispositive Power: 0 shares
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 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.
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Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
Item 10 CERTIFICATION:
Not applicable.
Signatures
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.
January 28, 2000
OYO CORPORATION U.S.A.
By /s/ Ernest M. Hall, Jr.
-------------------------------------------
Ernest M. Hall, Jr., President
OYO CORPORATION
By /s/ Satoru Ohya
--------------------------------------------
Satoru Ohya, President
SATORU OHYA
/s/ Satoru Ohya
-----------------------------------------------
(1) Includes 10,000 shares of Common Stock which Mr. Ohya has the option to
purchase, such option being presently exercisable.
Exhibit: Agreement for Joint Filing Pursuant to Rule 13d-1(k)(1) under the
Securities Act of 1934
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EXHIBIT
AGREEMENT FOR JOINT FILING PURSUANT TO RULE
13d-1(k)(1) UNDER THE SECURITIES ACT OF 1934
Pursuant to Rule 13d-1(k)(1) under the Securities Act of 1934, the
undersigned, by their signature affixed hereto, do hereby agree in writing that
this Schedule 13G be and is filed on behalf of each of them. The undersigned
further recognize that each of them is responsible for the timely filing of this
Schedule 13G and any amendments thereto, and for the completeness and accuracy
of any information concerning them contained herein. The undersigned further
constitute and appoint Ernest M. Hall, Jr., as lawful attorney-in-fact and
agent, to execute and file this Schedule 13G, and any amendments thereto on
their behalf.
Dated as of this 28th day of January, 2000.
OYO CORPORATION U.S.A.
By /s/ Ernest M. Hall, Jr.
---------------------------------------
Ernest M. Hall, Jr., President
OYO CORPORATION
By /s/ Satoru Ohya
---------------------------------------
Satoru Ohya, President
SATORU OHYA
/s/ Satoru Ohya
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