<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 1)
MEDIA 100 INC.
(Name of Issuer)
COMMON STOCK
$.01 PAR VALUE
(Title of Class of Securities)
58440W105
(CUSIP Number)
Kevin S. Moore
Senior Vice President and Chief Financial Officer
The Clark Estates, Inc.
Thirty-First Floor
One Rockefeller Plaza
New York, New York 10020
Tel. No.: (212) 977-6900
With a copy to:
Robin L. Spear, Esq.
Winthrop, Stimson, Putnam & Roberts
One Battery Park Plaza
New York, New York 10004-1490
(212) 858-1000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
November 8, 1999
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box: [ ]
<PAGE> 2
SCHEDULE 13D
AMENDMENT NO. 1
<TABLE>
<S> <C> <C>
CUSIP NO. 58440W105
============================================================================================================================
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE CLARK ESTATES, INC.
- ----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NOT APPLICABLE
- ----------------------------------------------------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
- ----------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
- ----------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 373,700
BENEFICIALLY
OWNED BY EACH ------------------------------------------------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
373,700
------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
373,700
- ----------------------------------------------------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
- ----------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
- ----------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- ----------------------------------------------------------------------------------------------------------------------------
</TABLE>
2
<PAGE> 3
SCHEDULE 13D
AMENDMENT NO. 1
Pursuant to Rule 13d-2(e) under the Securities Exchange Act of
1934, the sole purpose of filing this first electronic 13D amendment is to
report a change in beneficial ownership that terminates the filer's obligation
to report. Thus, this Amendment No. 1 does not include a restatement of the
entire text of the original Schedule 13D.
The items identified below, or the particular paragraph of
such items which are identified below, are amended to add the information as set
forth below. Capitalized terms not otherwise defined have the meanings ascribed
to them in the original Schedule 13D.
Item 4. Purpose of Transaction.
The purpose of the Reporting Person's sale of the Common Stock
reported below was to liquidate a portion of its investment in the Company.
Item 5. Interest in Securities of the Issuer.
(a) The 373,700 shares of Common Stock beneficially owned by
the Reporting Person constitute 4.4% of the outstanding shares of Common Stock
(based upon an aggregate of 8,409,248 outstanding shares of Common Stock, as
reported in the Company's Quarterly Report on Form 10-Q for the period ended
September 30, 1999).
(b) The Reporting Person has sole power to vote or to direct
the vote of the shares of the Common Stock referred to in paragraph (a) above
and sole power to dispose or to direct the disposition of any such shares.
<PAGE> 4
(c) Information with respect to all transactions by the
Reporting Person, relating to the Common Stock, which were effected during the
past sixty days are set forth in Schedule I hereto, which is incorporated herein
by reference.
(d) Not applicable.
(e) As of November 8, 1999 the Reporting Person ceased to be
the beneficial owner of 5% or more of the outstanding shares of the Common Stock
as a result of the dispositions of the Common Stock by the Reporting Person
described above in this Item 5.
4
<PAGE> 5
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.
November 23, 1999
Date
The Clark Estates, Inc.
By: s/Kevin S. Moore
----------------------------
Kevin S. Moore
Senior Vice President and Chief Financial Officer
5
<PAGE> 6
SCHEDULE I
Transactions in Company Common Stock
Effected by Reporting Person
During Past Sixty Days
<TABLE>
<CAPTION>
Transaction Number of Shares Per Share
Date Type Bought/Sold Price
---- ---- ----------- -----
<S> <C> <C> <C>
9-14-99 Market Buy 7,000 $5.6875
9-15-99 Market Buy 2,500 $5.75
10-15-99 Market Sale 4,000 $8.8438
11-05-99 Market Sale 42,600 $15.7725
11-05-99 Market Sale 200 $15.77255
11-05-99 Market Sale 1,000 $15.77249
11-05-99 Market Sale 1,000 $15.77251
11-05-99 Market Sale 200 $15.77245
11-08-99 Market Sale 32,500 $16.74040
11-09-99 Market Sale 5,000 $16.875
11-09-99 Market Sale 25,000 $16.7488
</TABLE>
