<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G**
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
IOMEGA CORPORATION
--------------------------------------
(Name of Issuer)
COMMON STOCK, $0.03 AND 1/3 PAR VALUE
---------------------------------------
(Title and Class of Securities)
462030107
---------------------------------------
(CUSIP Number)
*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 23,981,726 which constitutes
approximately 9.2% of the total number of shares outstanding. All ownership
percentages set forth herein assume that there are 261,312,506 shares
outstanding.
Page 1 of 10 Pages
<PAGE> 2
CUSIP NO. 462030107 SCHEDULE 13G PAGE 2 OF 10 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. 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 ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS, UNITED STATES OF AMERICA
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 21,179,712 (1)
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 21,179,712 (1)
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,179,712
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1% (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, Jonathan Huberman, and Perscilla Faily Trust, Perscilla Faily,
Trustee.
(2) Assumes, pursuant to Rule 13d-3(d)(1)(I) of the Act, that there are
261,312,506 shares of the Stock outstanding.
<PAGE> 3
CUSIP NO. 462030107 SCHEDULE 13G PAGE 3 OF 10 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DUNN FAMILY TRUST, DAVID J. DUNN, TRUSTEE
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(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
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 2,802,014 (Excludes 2,400 shares held by spouse)
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 21,179,712 (1)
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 2,802,014 (Excludes 2,400 shares held by spouse)
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
21,179,712 (1)
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,981,726 (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
9.2% (3)
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
OO (GRANTOR TRUST FOR INDIVIDUAL)
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
(1) Solely in his capacity as one of three general partners of Idanta
Partners Ltd.
(2) By virtue of (1) and his individual ownership of 2,802,014 shares of
the Stock.
(3) Assumes, pursuant to Rule 13d-3(d)(1)(I) of the Act, that there are
261,312,506 shares of the Stock outstanding.
<PAGE> 4
CUSIP NO. 462030107 SCHEDULE 13G PAGE 4 OF 10 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JONATHAN HUBERMAN
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [XX ]
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(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 21,179,712 (1)
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
21,179,712 (1)
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,179,712 (2)
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1% (3)
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
(1) Solely in his 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
261,312,506 shares of the Stock outstanding.
<PAGE> 5
CUSIP NO. 462030107 SCHEDULE 13G PAGE 5 OF 10 PAGES
--------------------- ----- -----
(1) NAME OF REPORTING PERSON
S.S. 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
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 21,179,712 (1)
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
21,179,712 (1)
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,179,712 (2)
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.1% (3)
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
OO (GRANTOR TRUST FOR INDIVIDUAL)
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
(1) Solely 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
261,312,506 shares of the Stock outstanding.
<PAGE> 6
CUSIP NO. 462030107 FORM 13G Page 6 of 10 Pages
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,
Amendment No. 7 thereto dated February 13, 1992, and
Amendment No. 8 thereto dated January 17, 1997.
Unless otherwise indicated, all defined terms used herein shall have the same
meanings as those set forth in the Schedule 13G.
As of April 1, 1997, Purkayastha Family Trust-A, Dev Purkayastha, Trustee ("DP")
was no longer a partner of Idanta Partners Ltd., which caused DP's beneficial
ownership of the Common Stock of the Company, as determined in accordance with
Rule 13d-3, to thereafter constitute less than 5% of the outstanding Common
Stock of the Company. Accordingly, DP is no longer a Reporting Person, as
defined in this Schedule 13G.
Item 2 as reported in the Schedule 13D is hereby amended as follows:
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"), Jonathan Huberman ("JH"), and Perscilla
Faily, trustee of the Perscilla Faily Trust (a grantor trust) ("PF").
IPL, DJD, JH, 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, JH, and PF) is:
4660 La Jolla Village Drive, Suite 850
San Diego, California 91222
<PAGE> 7
CUSIP NO. 462030107 FORM 13G Page 7 of 10 Pages
Item 2(c). Citizenship.
IPL is a Texas limited partnership.
DJD is a citizen of the United States of America.
JH 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 4. Ownership.
Item 4 as reported in the Schedule 13G is hereby amended as follows:
IPL: (a) The aggregate number of shares of the Stock that IPL owns
beneficially, pursuant to Rule 13d-3 of the Act, is
21,179,712,
(b) which constitutes approximately 8.1% of the assumed
261,312,506 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 21,179,712 shares of the Stock.
DJD: (a) Because of his position as general partner of IPL (which
owns 21,179,712 shares of the Stock) and because of his
individual ownership of 2,802,014 shares of the Stock, DJD may
pursuant to Rule 13d-3 of the Act, be deemed to be beneficial
owner of 23,981,726 shares in the aggregate,
(b) which constitutes approximately 9.2% of the assumed
261,312,506 outstanding shares of the Stock. DJD's spouse owns
2,400 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 21,179,712 shares of the Stock.
DJD shares this power with JH and PF. DJD also has the sole
power to vote or direct the vote and to dispose or to direct
the disposition of 2,802,014 shares of the Stock. DJD's spouse
owns 2,400 shares of Stock of the Issuer which DJD claims no
beneficial ownership and is therefore not included in any
share numbers.
<PAGE> 8
CUSIP NO. 462030107 FORM 13G Page 8 of 10 Pages
JH: (a) Because of his position as general partner of IPL (which
owns 21,179,712 shares of the Stock), JH may pursuant to Rule
13d-3 of the Act, be deemed to be beneficial owner of
21,179,712 shares in the aggregate,
(b) which constitutes approximately 8.1% of the assumed
261,312,506 outstanding shares of the Stock.
(c) In his capacity as a general partner of IPL, JH has the
shared power to vote or to direct the vote and to dispose or
to direct the disposition of 21,179,712 shares of the Stock.
JH shares this power with DJD and PF. JH owns no shares
individually.
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 21,179,712 shares in the aggregate,
(b) which constitutes approximately 8.1% of the assumed
261,312,506 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 21,179,712 shares of the Stock.
PF shares this power with DJD and JH. PF owns no shares
individually.
Item 5. Ownership of Five Percent or Less of a Class. [XX]
Item 5 as reported in the schedule 13G is hereby amended as follows:
This filing on Schedule 13G is partially for the purpose of reporting
the fact that the one of the Reporting Persons has ceased to be the
beneficial owner of more than five percent (5%) of the outstanding
shares of the Stock.
As discussed above, as of April 1, 1997, DP was no longer a partner
of Idanta Partners Ltd., which caused DP's beneficial ownership of
the Common Stock of the Company, as determined in accordance with
Rule 13d-3, to thereafter constitute less than 5% of the outstanding
Common Stock of the Company. Accordingly, DP is no longer a Reporting
Person, as defined in this Schedule 13G.
Item 8. Identification and Classification of Members of the Group.
Item 8 as reported in the schedule 13G is hereby amended as follows:
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.
<PAGE> 9
CUSIP NO. 462030107 FORM 13G Page 9 of 10 Pages
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: February 9, 1998
IDANTA PARTNERS LTD.
a Texas limited partnership
by: /s/ David J. Dunn /s/ Jonathan Huberman
-------------------------- -----------------------------
David J. Dunn, Trustee Jonathan Huberman
Dunn Family Trust General Partner
General Partner
DUNN FAMILY TRUST
by: /s/ David J. Dunn
--------------------------
David J. Dunn, Trustee
PURKAYASTHA FAMILY TRUST
by: /s/ Dev Purkayastha
--------------------------
Dev Purkayastha, Trustee
PERSCILLA FAILY TRUST
by: /s/ Perscilla Faily
--------------------------
Perscilla Faily, Trustee
JONATHAN HUBERMAN
by: /s/ Jonathan Huberman
--------------------------
Jonathan Huberman
<PAGE> 10
CUSIP NO. 462030107 FORM 13G Page 10 of 10 Pages
EXHIBIT "A"
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/ Jonathan Huberman
-------------------------- -----------------------------
David J. Dunn, Trustee Jonathan Huberman
Dunn Family Trust General Partner
General Partner
DUNN FAMILY TRUST
by: /s/ David J. Dunn
--------------------------
David J. Dunn, Trustee
PURKAYASTHA FAMILY TRUST
by: /s/ Dev Purkayastha
--------------------------
Dev Purkayastha, Trustee
PERSCILLA FAILY TRUST
by: /s/ Perscilla Faily
--------------------------
Perscilla Faily, Trustee
JONATHAN HUBERMAN
by: /s/ Jonathan Huberman
--------------------------
Jonathan Huberman
