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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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ADVANCED NEUROMODULATION SYSTEMS, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
000757T101
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(CUSIP Number)
March 28, 2000
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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
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).
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CUSIP NO. 000757T101 PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
WILLIAM M. SAMS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 320,000
SHARES ----------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH ----------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 320,000
WITH ----------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
320,000
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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)
4.3%
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12 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 000757T101 PAGE 3 OF 5 PAGES
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Item 1.
Item 1(a) Name of Issuer:
Advanced Neuromodulation Systems, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
One Allentown Parkway, Allen, Texas 75002
Item 2.
Item 2(a) Name of Person Filing:
William M. Sams
Item 2(b) Address or principal business office or, if none,
residence:
326 Mantlebrook Drive, DeSoto, Texas 75115
Item 2(c) Citizenship:
United States
Item 2(d) Title of class of securities:
Common Stock
Item 2(e) CUSIP No.:
000757T101
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b)
or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(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 associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(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.
[ ]
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CUSIP NO. 000757T101 PAGE 4 OF 5 PAGES
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Item 4. Ownership.
Item 4(a) Amount beneficially owned: 320,000
Item 4(b) Percent of class: 4.3%
The calculation of the percentage of beneficial ownership of Advanced
Neuromodulation Systems, Inc. Common Stock is based upon 7,462,706
shares outstanding on March 20, 2000, as reported in the Company's
most recent Annual Report on Form 10-K, filed March 28, 2000.
Item 4(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 320,000
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the
disposition of: 320,000
(iv) Shared power to dispose or to direct the
disposition of: -0-
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 5 percent of the class of securities, check the following
[X]
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 a Group.
Not Applicable.
Item 10. Certifications.
Item 10(a) Not Applicable.
Item 10(b) Not Applicable.
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CUSIP NO. 000757T101 PAGE 5 OF 5 PAGES
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned certifies that the information set forth in this Filing
is true, complete and correct.
April 12, 2000 /s/ William M. Sams
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William M. Sams
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