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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1 TO
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
StreamLogic Corporation
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(Name of Issuer)
Common Stock, $1.00 par value
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(Title of Class of Securities)
863238 10 1
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(CUSIP Number)
Norman Fong
185 Constitution Drive, Suite A
Menlo Park, CA 94025
Tel: (415) 463-3500
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 4, 1996
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the reporting 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.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
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CUSIP Number 863238 10 1
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1) Name of Reporting Persons. Norman Fong
S.S. or I.R.S. Identification (No social security or other IRS
Nos. of Above Persons identification number required)
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a (a) ________
Member of a Group (see (b) ________
Instructions) Not Applicable
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds
(See Instructions) SC
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required Not Applicable
Pursuant to Items 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) Citizenship or Place of United States
Organization
- --------------------------------------------------------------------------------
Number of Shares Beneficially (7) Sole Voting Power None
Owned by Each Reporting ---------------------------------------
Person With
(8) Shared Voting Power 2,636,123
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(9) Sole Dispositive Power None
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(10) Shared Dispositive Power 2,636,123
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- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially
Owned by Each Reporting Person 2,636,123 shares
- --------------------------------------------------------------------------------
12) Check if the Aggregate Amount
in Row (11) Excludes Certain
Shares (See Instructions) Not Applicable
- --------------------------------------------------------------------------------
13) Percent of Class Represented
by Amount in Row (11) 14.4%
- --------------------------------------------------------------------------------
14) Type of Reporting Person
(See Instructions) IN
- --------------------------------------------------------------------------------
2
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CUSIP Number 863238 10 1
- --------------------------------------------------------------------------------
1) Name of Reporting Persons. FWB Software, Inc.
S.S. or I.R.S. Identification (No social security or other IRS
Nos. of Above Persons identification number required)
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a (a) _______
Member of a Group (see
Instructions) (b) _______
Not Applicable
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds
(See Instructions) SC
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required
Pursuant to Items 2(d) or 2(e) Not Applicable
- --------------------------------------------------------------------------------
6) Citizenship or Place of
Organization California
- --------------------------------------------------------------------------------
Number of Shares Beneficially (7) Sole Voting Power None
Owned by Each Reporting ---------------------------------------
Person With
(8) Shared Voting Power 2,636,123
---------------------------------------
(9) Sole Dispositive Power None
---------------------------------------
(10) Shared Dispositive Power 2,636,123
---------------------------------------
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially
Owned by Each Reporting Person 2,636,123 shares
- --------------------------------------------------------------------------------
12) Check if the Aggregate Amount
in Row (11) Excludes Certain
Shares (See Instructions) Not Applicable
- --------------------------------------------------------------------------------
13) Percent of Class Represented
by Amount in Row (11) 14.4%
- --------------------------------------------------------------------------------
14) Type of Reporting Person
(See Instructions) CO
- --------------------------------------------------------------------------------
3
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CUSIP Number 863238 10 1
- --------------------------------------------------------------------------------
1) Name of Reporting Persons. FWB Software, LLC
S.S. or I.R.S. Identification (No social security or other IRS
Nos. of Above Persons identification number required)
- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a (a) ___________
Member of a Group (see (b) ___________
Instructions) Not Applicable
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Source of Funds
(See Instructions) SC
- --------------------------------------------------------------------------------
5) Check if Disclosure of Legal
Proceedings is Required
Pursuant to Items 2(d) or 2(e) Not Applicable
- --------------------------------------------------------------------------------
6) Citizenship or Place of
Organization California
- --------------------------------------------------------------------------------
Number of Shares Beneficially (7) Sole Voting Power None
Owned by Each Reporting ---------------------------------------
Person With
(8) Shared Voting Power 2,636,123
---------------------------------------
(9) Sole Dispositive Power None
---------------------------------------
(10) Shared Dispositive Power 2,636,123
---------------------------------------
- --------------------------------------------------------------------------------
11) Aggregate Amount Beneficially
Owned by Each Reporting Person 2,636,123 shares
- --------------------------------------------------------------------------------
12) Check if the Aggregate Amount
in Row (11) Excludes Certain
Shares (See Instructions) Not Applicable
- --------------------------------------------------------------------------------
13) Percent of Class Represented
by Amount in Row (11) 14.4%
- --------------------------------------------------------------------------------
14) Type of Reporting Person
(See Instructions) OO
- --------------------------------------------------------------------------------
4
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ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this Schedule 13D relates is
the common stock, par value $1.00 (the "Common Stock"), issued by StreamLogic
Corporation (the "Issuer"), whose executive offices are located at 21329
Nordhoff Street, Chatsworth, California 91311.
ITEM 2. IDENTITY AND BACKGROUND.
The undersigned are filing this Amendment No. 1 to Schedule 13D to
report that the undersigned have acquired 1,380,000 additional shares of the
issuer since the acquisitions reported on the original Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Pursuant to the Operating Agreement of FWB Software, LLC dated as of
July 1, 1996, StreamLogic Software Corporation, a Delaware corporation (the
"Sub") and a wholly-owned subsidiary of the Issuer, contributed 1,256,123
unregistered shares (the "Shares") of Common Stock to the LLC in exchange for an
eleven percent (11%) membership interest in the LLC. The number of Shares
received by the LLC in exchange for the membership interest was subject to
adjustment on October 29, 1996 so that the value of the Shares on such date
would equal $7,500,000, based on a per share value equal to the average of the
closing sales prices for the Common Stock for the twenty (20) trading days
immediately prior to such date (the "Adjustment Period").
Pursuant to the calculations required by the Operating Agreement, on
October 29, 1996, the Sub was obligated to contribute an additional 2,760,000
Shares to the LLC. On November 1, 1996, the Issuer and the LLC entered into a
letter agreement pursuant to which the parties agreed that the obligation
described above would be satisfied by (1) delivery to the LLC of 1,380,000
Shares, (2) payment to the LLC of $500,000, (3) a reduction in the Sub's
membership interest in the LLC from 1,100,000 shares to 750,000 shares, and (4)
delivery to the LLC by the Sub of a promissory note in the amount of One Million
Two Hundred Fifty Thousand Dollars ($1,250,000), payable in eight quarterly
installments beginning February 1, 1997.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons hold the Shares for investment. The Reporting
Persons intend to review on a continuing basis their investment in Issuer and,
depending on their evaluation of Issuer's business, operations, financial needs
and prospects, on general market and economic conditions, and on the cash flow
needs of the LLC, the Reporting Persons may determine to increase (through open
market or privately negotiated transactions or otherwise) or continue to hold
the Shares as an investment or dispose of some or all of them.
The Reporting Persons do not have any plans or proposals which relate
to or which would result in any of the actions specified in clauses (a) through
(j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
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(a) As of the date of this filing, the Reporting Persons beneficially
own (as that term is defined in Rule 13d-3) 2,636,123 shares of Common Stock,
representing approximately 14.4% of the total number of shares of Common Stock
outstanding immediately following the contribution of the Shares to the LLC,
according to information provided by Issuer. The record owner of such shares is
the LLC.
(b) The Reporting Persons together have sole voting and dispositive
power with respect to the Shares.
(c) None.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends, from, or the proceeds from the sale
of, the Shares.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
In the letter agreement dated November 1, 1996, the Issuer agreed to
amend the pending S-3 registration statement for the original Shares received by
the LLC to include the additional Shares received on November 4, 1996.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
we each certify that the information set forth in this statement is true,
complete and correct. This statement is filed on behalf of each of the
undersigned.
November 5, 1996
Norman Fong
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Norman Fong
FWB SOFTWARE, INC.
By: Norman Fong
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Its: President
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FWB SOFTWARE, LLC
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By: FWB Software, Inc., its manager
By: Norman Fong
----------------------
Its: President
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JOINT FILING AGREEMENT
The undersigned hereby agree that the attached statement on Schedule 13D is
filed on behalf of each of them.
November 5, 1996
Norman Fong
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Norman Fong
FWB SOFTWARE, INC.
By: Norman Fong
----------------------
Its: President
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FWB SOFTWARE, LLC
By: FWB Software, Inc., its manager
By: Norman Fong
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Its: President
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