SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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 ) 1
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DSET Corporation
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
262504 10 3
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(CUSIP Number)
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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 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>
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CUSIP No. 262504 10 3 13G Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
So-Ming Daniel Shia and Hui-Yun R. Yuan
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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
U.S.A.
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NUMBER OF 5 SOLE VOTING POWER 1,049,433
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SHARES -------------------------------------------------------------
6 SHARED VOTING POWER N/A
BENEFICIALLY ---------
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OWNED BY 7 SOLE DISPOSITIVE POWER 1,049,433
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EACH -------------------------------------------------------------
8 SHARED DISPOSITIVE POWER N/A
REPORTING ---------
PERSON WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,049,433
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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) 9.4%
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12 TYPE OF REPORTING PERSON* IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
The issuer of the securities to which this statement relates is DSET
Corporation, a New Jersey corporation.
Item 1(b). Address of Issuer's Principal Executive Offices:
The issuer's principal executive offices are located at 1160 US
Highway 22 East, Bridgewater, New Jersey 08807.
Item 2(a). Name of Person Filing:
The persons filing are So-Ming Daniel Shia and Hui-Yun R. Yuan.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business office is DSET Corporation, 1160 US Highway 22
East, Bridgewater, New Jersey 08807.
Item 2(c). Citizenship:
The citizenship is U.S.A.
Item 2(d). Title of Class of Securities:
The title of the class of securities is common stock, no par value.
Item 2(e). CUSIP Number:
The CUSIP number is 262504 10 3.
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:
Selection of a filing category pursuant to Rules 13d-1(b) or 13d-2(b)
or (c) is not applicable.
If this statement is filed pursuant to Rule 13d-1(c), check this box.
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Item 4. Ownership.
(a) The number of shares beneficially owned by So-Ming Daniel Shia is
1,000,228, of which 330,168 represent shares underlying options
previously granted by the issuer which are vested or will be
vested within 60 days of this filing (the "Options"). The number
of shares beneficially owned by Hui-Yun R. Yuan is 49,205.
(b) The percent of the class held by So-Ming Daniel Shia is 8.9%,
assuming the exercise of the Options. The percent of the class
held by Hui-Yun R. Yuan is 0.5%.
(c) (i) So-Ming Daniel Shia has sole power to vote or to direct the
vote of 1,000,228 shares, assuming the exercise of the
Options. Hui-Yun R. Yuan has sole power to vote or to direct
the vote of 49,205 shares.
(ii) The shared power to vote or to direct the vote of shares
is not applicable.
(iii) So-Ming Daniel Shia has sole power to dispose or to direct
the disposal of 1,000,228 shares, assuming the exercise of
the Options. Hui-Yun R. Yuan has sole power to dispose or to
direct the disposition of 49,205 shares.
(iv) The shared power to dispose or to direct the disposition of
shares is not applicable.
<PAGE>
Item 5. Ownership of Five Percent or Less of a Class.
The ownership of five percent or less of a class is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The ownership of more than five percent on behalf of another person is
not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
The identification and classification of the subsidiary which acquired
the security being reported on by the parent holding company is not
applicable.
Item 8. Identification and Classification of Members of the Group.
The identification and classification of members of the group is not
applicable.
Item 9. Notice of Dissolution of Group.
The notice of dissolution of a group is not applicable.
Item 10.Certification.
The certifications regarding Rule 13d-1(b) and Rule 13d-1(c) are not
applicable.
<PAGE>
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 14, 2000 /s/ So-Ming Daniel Shia
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So-Ming Daniel Shia (Shareholder)
February 14, 2000 /s/ Hui-Yun R. Yuan
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Hui-Yun R. Yuan (Shareholder)
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
NOTE. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties for whom copies are to be sent.
ATTENTION. Intentional misstatements or omissions of fact constitute
Federal criminal violations (SEE 18 U.S.C. 1001).
