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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. __)*
KOFAX IMAGE PRODUCTS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
500200100
(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).
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SCHEDULE 13G
- ------------------- -----------------
CUSIP NO. 500200100 PAGE 2 OF 6 PAGES
- ------------------- -----------------
===============================================================================
1 NAME OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Southern California Ventures
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 443,306
------------------------------------------------
6 SHARED VOTING POWER
REPORTING
BENEFICIALLY 0
------------------------------------------------
7 SOLE DISPOSITIVE POWER
OWNED BY
EACH 443,306
------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON
WITH 0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
443,306
- -------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.3%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
PN
===============================================================================
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SCHEDULE 13G
- ------------------- -----------------
CUSIP NO. 500200100 PAGE 3 OF 6 PAGES
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===============================================================================
1 NAME OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
B. Allen Lay
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 445,306
------------------------------------------------
6 SHARED VOTING POWER
REPORTING
BENEFICIALLY 0
------------------------------------------------
7 SOLE DISPOSITIVE POWER
OWNED BY
EACH 445,306
------------------------------------------------
8 SHARED DISPOSITIVE POWER
PERSON
WITH 0
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
445,306
- -------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.3%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (See Instructions)
IN
===============================================================================
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ITEM 1.
(a) Name of Issuer: Kofax Image Products, Inc.
(b) Address of Issuer's Principal Executive Offices:
3 Jenner Street
Irvine, CA 92618
ITEM 2.
(a) Name of Person Filing:
Pursuant to Rule 13d-1(f)(1) of Regulation 13D-G as promulgated
under the Securities Exchange Act of 1934, as amended (the "1934 Act"), the
undersigned hereby file this Schedule 13G on behalf of Southern California
Ventures ("SCV") and B. Allen Lay ("Lay"). SCV and Lay are referred to herein as
the "Reporting Persons".
As of December 31, 1997, SCV and Lay owned 443,306 shares and
2,000 shares, respectively, of Common Stock of Kofax Image Products, Inc. (the
"Company"). Lay is a general partner of SCV and may be deemed to have sole power
to vote and dispose of the shares of Common Stock of the Company directly owned
by SCV.
Pursuant to Rule 13d-4 of Regulation 13D-G as promulgated under the 1934
Act, Lay disclaims beneficial ownership of the Common Stock of the Company held
by SCV, except to the extent of his pecuniary interest therein, and the filing
of this Schedule 13G by the Reporting Persons shall not be deemed an admission
that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the
1934 Act, a beneficial owner of such Common Stock.
(b) Address of Principal Business Office:
The principal business address for each of the Reporting
Persons is:
406 Amapola Avenue, Suite 205, Torrance, California 90501
(c) Citizenship: SCV is organized in the State of California. Lay
is a citizen of the United States.
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 500200100
ITEM 3.
If this statement is filed pursuant Rule 13d-1(b), or
3d-2(b), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Act;
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act;
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act;
(e) [ ] Investment Advisor registered under Section 203 of the
Investment Advisors Act of 1940;
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G) (Note, See Item 7);
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
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ITEM 4. OWNERSHIP.
If the percent of the class owned, as of December 31, 1997, or as of the
last day of any month described in Rule 13d-1(b)(2), if applicable, exceeds five
percent, provide the following information as of that date and identify those
shares which there is a right to acquire.
With respect to SCV:
(a) Amount beneficially owned: 443,306 shares of Common Stock
(b) Percent of Class: 8.3%
(c) Number of shares as to such person has:
(i) sole power to vote or to direct the vote 443,306;
(ii) shared power to vote or to direct to vote 0;
(iii) sole power to dispose or to direct the disposition
of 443,306;
(iv) shared power to dispose or to direct the disposition of 0.
With respect to Lay:
(a) Amount beneficially owned: 445,306 shares of Common Stock
(b) Percent of Class: 8.3%
(c) Number of shares as to such person has:
(i) sole power to vote or to direct the vote 445,306;
(ii) shared power to vote or to direct to vote 0;
(iii) sole power to dispose or to direct the disposition
of 445,306;
(iv) shared power to dispose or to direct the disposition of 0.
ITEM 5. OWNERSHIP OF 5% OR LESS OF CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reported person has ceased to be the beneficial owner of more than 5%
of the class of securities, check the following: [ ]
ITEM 6. OWNERSHIP OF MORE THAN 5% 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 GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
EXHIBIT A. Joint Filing Agreement pursuant to Rule 13d-1(f)(1)(iii)
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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.
SOUTHERN CALIFORNIA VENTURES
Date: February 12, 1998 By: /s/ B. ALLEN LAY
-------------------------------
B. Allen Lay, General Partner
Date: February 12, 1998 /s/ B. ALLEN LAY
-----------------------------------
B. Allen Lay
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EXHIBIT A
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G as promulgated
under the Securities Exchange Act of 1934, as amended, the undersigned agree to
the joint filing of a Schedule 13G with respect to the shares of Common Stock of
Kofax Image Products, Inc. and that the Schedule 13G to which this Joint Filing
Agreement is attached is filed on behalf of each of them. In addition, each
party to this Joint Filing Agreement expresssly authorizes each other party to
this Joint Filing Agreement to file on its or his behalf any and all amendments
to such Schedule 13G.
SOUTHERN CALIFORNIA VENTURES
Date: February 12, 1998 By: /s/ B. ALLEN LAY
-------------------------------
B. Allen Lay, General Partner
Date: February 12, 1998 /s/ B. ALLEN LAY
-----------------------------------
B. Allen Lay
