UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G**
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
IOMEGA CORPORATION
(Name of Issuer)
COMMON STOCK, $0.03 and 1/3 PAR VALUE
(Title and Class of Securities)
462030107
(CUSIP Number)
Check the following box if a fee is being paid with the statement / /
(A fee is not required only if the filing 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).
*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).
** The total number of shares reported herein is 12,976,146 which constitutes
approximately 10.1% of the total number of shares outstanding. All ownership
percentages set forth herein assume that there are 127,976,624 shares
outstanding.
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1 NAME OF REPORTING PERSON
SS. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
IDANTA PARTNERS LTD.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) XX
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS, UNITED STATES OF AMERICA
NUMBER OF 5 SOLE VOTING POWER
SHARES 11,354,356 (1)
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 11,354,356 (1)
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,354,356
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.9% (2)
12 TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTION BEFORE FILLING OUT!
(1) As exercised by its general partners Dunn Family Trust, David J. Dunn,
Trustee, Purkayastha Family Trust, Dev Purkayastha, Trustee, and Perscilla
Faily Trust, Perscilla Faily, Trustee.
(2) Assumes, pursuant to Rule 13d-3(d)(1)(i) of the Act, that there are
127,976,624 shares of the Stock outstanding.
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1 NAME OF REPORTING PERSON
SS. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DUNN FAMILY TRUST, DAVID J. DUNN, TRUSTEE
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) XX
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
NUMBER OF 5 SOLE VOTING POWER
SHARES 1,403,472 (Excludes 1200 shares held by spouse)
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 11,354,356 (1)
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 1,403,472 (Excludes 1200 shares held by spouse)
PERSON 8 SHARED DISPOSITIVE POWER
WITH 11,354,356 (1)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,757,828 (2)
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
XX
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.0% (3)
12 TYPE OF REPORTING PERSON*
OO (GRANTOR TRUST FOR INDIVIDUAL)
*SEE INSTRUCTION BEFORE FILLING OUT!
(1) Soley in his capacity as one of three general partners of Idanta
Partners Ltd.
(2) By virtue of (1) and his individual ownership of 1,403,472 shares of the
Stock.
(3) Assumes, pursuant to Rule 13d-3(d)(1)(i) of the Act, that there are
127,976,624 shares of the Stock outstanding.
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1 NAME OF REPORTING PERSON
SS. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PURKAYASTHA FAMILY TRUST-A, DEV PURKAYASTHA, TRUSTEE
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) XX
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
NUMBER OF 5 SOLE VOTING POWER
SHARES 218,318 (1)
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 11,354,356 (2)
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 218,318 (1)
PERSON 8 SHARED DISPOSITIVE POWER
WITH 11,354,356 (2)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,572,674 (3)
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.0% (4)
12 TYPE OF REPORTING PERSON*
OO (GRANTOR TRUST FOR INDIVIDUAL)
*SEE INSTRUCTION BEFORE FILLING OUT!
(1) Includes the 210,218 shares of the Stock he holds individually as well
as the 8,100 shares of the Stock his minor daughter holds.
(2) Soley in his capacity as one of three general partners of Idanta
Partners Ltd.
(3) By virtue of (2) and his individual ownership of 210,218 shares of the
Stock and the ownership of 8,100 shares by his minor daughter.
(4) Assumes, pursuant to Rule 13d-3(d)(1)(i)
of the Act, that there are
127,976,624 shares of the Stock outstanding.
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1 NAME OF REPORTING PERSON
SS. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ANJALI PURKAYASTHA, DEV PURKAYASTHA, CUSTODIAN, UGMA
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) XX
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
NUMBER OF 5 SOLE VOTING POWER
SHARES 8,100 (1)
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 11,354,356 (2)
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 8,100 (1)
PERSON 8 SHARED DISPOSITIVE POWER
WITH 11,354,356 (2)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,362,456 (3)
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.9% (4)
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
(1) Includes the 8,100 shares of the Stock she holds individually as a minor
child.
(2) Soley in the capacity of her guardian father, Dev Purkayastha who is one
of three general partners of Idanta Partners Ltd.
(3) By virtue of (2) and the individual ownership of 8,100 shares of the
Stock.
(4) Assumes, pursuant to Rule 13d-3(d)(1)(i)
of the Act, that there are
127,976,624 shares of the Stock outstanding.
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1 NAME OF REPORTING PERSON
SS. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PERSCILLA FAILY TRUST, PERSCILLA FAILY, TRUSTEE
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) XX
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 11,354,356 (1)
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON 8 SHARED DISPOSITIVE POWER
WITH 11,354,356 (1)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,354,356(2)
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.9% (3)
12 TYPE OF REPORTING PERSON*
OO (GRANTOR TRUST FOR INDIVIDUAL)
*SEE INSTRUCTION BEFORE FILLING OUT!
(1) Soley in her capacity as one of three general partners of Idanta
Partners Ltd.
(2) By virtue of (1).
(3) Assumes, pursuant to Rule 13d-3(d)(1)(i) of the Act, that there are
127,976,624 shares of the Stock outstanding.
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Pursuant to Rule 13d-2(b) of Regulation 13D-G of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the
Act ), the undersigned hereby amend their schedule 13G Statement dated
February 13, 1985, relating to the Common Stock, par value $0.03-1/3 per
share (the Stock ), of Iomega Corporation (the Issuer ), as heretofore
amended by:
Amendment No. 1 thereto dated March 13, 1985,
Amendment No. 2 thereto dated February 13, 1986,
Amendment No. 3 thereto dated February 13, 1987,
Amendment No. 4 thereto dated February 13, 1989,
Amendment No. 5 thereto dated February 13, 1990,
Amendment No. 6 thereto dated February 13, 1991, and
Amendment No. 7 thereto dated February 13, 1992.
Unless otherwise indicated, all defined terms used herein shall have the same
meanings as those set forth in the Schedule 13G.
Pursuant to Regulation 240.13d-2(c), since this amendment constitutes the
first electronic amendment, the entire Schedule 13G is restated.
Item 1(a). Name of Issuer.
The name of the issuer is Iomega Corporation.
Item 1(b). Address of Issuer s Principal Executive Offices.
The address of the issuer s principal executive offices is:
1821 West Iomega Way
Roy, Utah, 84067.
Item 2(a). Name of Person Filing.
Pursuant to Rules 13d-1(f)(1)-(2) of Regulation 13D-G of the
General Rules and Regulations under the Securities Exchange Act of
1934, as amended (the Act ), the undersigned hereby file this
Schedule 13G Statement on behalf of Idanta Partners Ltd., a Texas
limited partnership ( IPL ), David J. Dunn, trustee of the Dunn
Family Trust (a grantor trust) ( DJD ), Dev Purkayastha, trustee of
the Purkayastha Family Trust-A (a grantor trust) ( DP), Dev
Purkayastha, custodian for Anjali K. Purkayastha ( AKP ) and
Perscilla Faily, trustee of the Perscilla Faily Trust (a grantor
trust) ( PF ). IPL, DJD, DP, AKP and PF are sometimes hereinafter
referred to as the Reporting Persons. The Reporting Persons are
making this single, joint filing because they may be deemed to
constitute a group within the meaning of Section 13(d)(3) of the
Act, although neither the fact of this filing nor anything
contained herein shall be deemed to be an admission by the
Reporting Persons that a group exists.
Item 2(b). Address of Principal Business Office, or if none, Residence.
The principal business office address of all Reporting Persons
(IPL, DJD, DP, AKP and PF) is:
4660 La Jolla Village Drive, Suite 850
San Diego, California 91222
Item 2(c). Citizenship.
IPL is a Texas limited partnership.
DJD is a citizen of the United States of America.
DP is a citizen of the United States of America.
AKP is a citizen of the United States of America.
PF is a citizen of the United States of America.
Item 2(d). Title of Class of Securities.
This Schedule 13G Statement relates to the Common Stock,
$0.03 and 1/3 par value, of the Issuer (the Stock ).
Item 2(e) CUSIP Number.
The CUSIP Number of the Stock is 462030107.
Item 3. Filing Pursuant to Rules 13d-1(b) of 13d-2(b).
This Schedule 13G Statement is not being filed pursuant to Rule
13d-1(b) or rule 13d-2(b).
Item 4. Ownership.
IPL: (a) The aggregate number of shares of the Stock that IPL owns
beneficially, pursuant to Rule 13d-3 of the Act, is
11,354,356,
(b) which constitutes approximately 8.9% of the assumed
127,976,624 outstanding shares of the Stock.
(c) Acting through its general partners, IPL has the sole
power to vote or to direct the vote and to dispose or to
direct the disposition of 11,354,356 shares of the Stock.
DJD: (a) Because of his position as general partner of IPL (which
owns 11,354,356 shares of the Stock) and because of his
individual ownership of 1,403,472 shares of the Stock, DJD may
pursuant to Rule 13d-3 of the Act, be deemed to be beneficial
owner of 12,757,828 shares in the aggregate,
(b) which constitutes approximately 10.0% of the assumed
127,976,624 outstanding shares of the Stock. DJD s spouse
owns 1,200 shares of Stock which DJD disclaims beneficial
ownership.
(c) In his capacity as a general partner of IPL, DJD has the
shared power to vote or to direct the vote and to dispose or
to direct the disposition of 11,354,356 shares of the Stock.
DJD shares this power with DP and PF. DJD also has the sole
power to vote or direct the vote and to dispose or to direct
the disposition of 1,403,472 shares of the Stock. DJD s
spouse owns 1,200 shares of Stock of the Issuer which DJD
claims no beneficial ownership and is therefore not included
in any share numbers.
DP: (a) Because of his position as general partner of IPL (which
owns 11,354,356 shares of the Stock) and because of his
individual ownership of 210,218 shares of the Stock and his
custodianship of 8,100 shares of the Stock owned by his minor
daughter, AKP, DP may pursuant to Rule 13d-3 of the Act, be
deemed to be beneficial owner of 11,572,674 shares in the
aggregate,
(b) which constitutes approximately 9.0% of the assumed
127,976,624 outstanding shares of the Stock.
(c) In his capacity as a general partner of IPL, DP has the
shared power to vote or to direct the vote and to dispose or
to direct the disposition of 11,354,356 shares of the Stock.
DP shares this power with DJD and PF. DP also has the sole
power to vote or direct the vote and to dispose or to direct
the disposition of 218,318 shares of the Stock (includes 8100
shares he controls as guardian for his minor daughter AKP).
AKP: (a) Because of the position of the Purkayastha Family Trust
as general partner of IPL and because of Dev Purkayastha s
ownership, as custodian for Anjali K. Purkayastha, of 8,100
shares of the Stock, Dev Purkayastha, as custodian for Anjali
K. Purkayastha may pursuant to Rule 13d-3 of the Act, be
deemed to be beneficial owner of 11,362,456 shares in the
aggregate,
(b) which constitutes approximately 8.9% of the assumed
127,976,624 outstanding shares of the Stock.
(c) In his capacity as a general partner of IPL, Dev
Purkayastha, custodian of Anjali K. Purkayastha, his minor
daughter, has the shared power to vote or to direct the vote
and to dispose or to direct the disposition of 11,354,356
shares of the Stock. DP shares this power with DJD and PF.
DP, as custodian for AP, also has the sole power to vote or
direct the vote and to dispose or to direct the disposition of
8,100 shares of the Stock.
PF: (a) Because of her position as general partner of IPL, PF may
pursuant to Rule 13d-3 of the Act, be deemed to be beneficial
owner of 11,354,356 shares in the aggregate, which
(b) constitutes approximately 8.9% of the assumed 127,976,624
outstanding shares of the Stock.
(c) In her capacity as a general partner of IPL, PF has the
shared power to vote or to direct the vote and to dispose or
to direct the disposition of 11,354,356 shares of the Stock.
PF shares this power with DJD and DP. PF owns no shares
individually.
Item 5. Ownership of Five Percent or Less of a Class.
This filing on Schedule 13G is not for the purpose of reporting the
fact that the Reporting Persons have ceased to be the beneficial
owners of more than five percent (5%) of the outstanding shares of
the Stock.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
No person other than the Reporting Persons has the right to receive
or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the shares of the Stock owned by them.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
This Schedule 13G Statement is not being filed by a parent holding
company.
Item 8. Identification and Classification of Members of the Group.
This Schedule 13G Statement is being filed on behalf of each of the
Reporting Persons pursuant to Rules 13d-1(c) and 13d-1(f)(1)(iii). The
agreement required by Rule 13d-1(f)(1)(iii) is attached hereto as
Exhibit A.
Item 9. Notice of Dissolution of Group.
It is inapplicable for the purposes herein to provide notice of
dissolution of a group.
Item 10. Certification.
This filing on Schedule 13G is not being made pursuant to Rule 13d-1(b).
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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.
Dated: January 17, 1997
IDANTA PARTNERS LTD.
a Texas limited partnership
by: /s/ David J. Dunn by: /s/ Dev Purkayastha
David J. Dunn, Trustee Dev Purkayastha, Trustee
Dunn Family Trust Purkayastha Family Trust
General Partner General Partner
by: /s/ Perscilla Faily
Perscilla Faily, Trustee
Perscilla Faily Trust
General Partner
DUNN FAMILY TRUST
by: /s/ David J. Dunn
David J. Dunn, Trustee
PURKAYASTHA FAMILY TRUST ANJALI K. PURKAYASTHA
by: /s/ Dev Purkayastha by: /s/ Dev Purkayastha
Dev Purkayastha, Trustee Dev Purkayastha, Custodian, UGMA
PERSCILLA FAILY TRUST
by: /s/ Perscilla Faily
Perscilla Faily, Trustee
EXHIBIT 99.1
Pursuant to Rule 13d-1(f)(iii) of Regulation 13D-G of the General Rules and
Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agree that the statement
to which this Exhibit is attached is filed on behalf of them in the
capacities set forth hereinbelow.
IDANTA PARTNERS LTD.
a Texas limited partnership
by: /s/ David J. Dunn by: /s/ Dev Purkayastha
David J. Dunn, Trustee Dev Purkayastha, Trustee
Dunn Family Trust Purkayastha Family Trust
General Partner General Partner
by: /s/ Perscilla Faily
Perscilla Faily, Trustee
Perscilla Faily Trust
General Partner
DUNN FAMILY TRUST
by: /s/ David J. Dunn
David J. Dunn, Trustee
PURKAYASTHA FAMILY TRUST ANJALI K. PURKAYASTHA
by: /s/ Dev Purkayastha by: /s/ Dev Purkayastha
Dev Purkayastha, Trustee Dev Purkayastha, Custodian, UGMA
PERSCILLA FAILY TRUST
by: /s/ Perscilla Faily
Perscilla Faily, Trustee
