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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
ADVANCED MACHINE VISION CORPORATION
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
00753B 10 4
(CUSIP Number)
Alan Steel, 2067 Commerce Drive, Medford, Oregon 97504, 541-776-7700
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
September 25, 1997
(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 the 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.
*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 disclosures provided in a prior cover page.
The information required on 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).
SEC 1746 (12-91)
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP No. 00753B 10 4
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William J. Young
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
783,800
----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY EACH ----------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
783,800
----------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
783,800
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION
<PAGE>
Item 1. Security and Issuer.
- -----------------------------
This report relates to the Class A Common Stock, no par value, of ADVANCED
MACHINE VISION CORPORATION, a California corporation (the "Issuer"). The
principal executive officers are:
Name Address Title
- ---------------- ------------------- ------------------------------
William J. Young 2067 Commerce Drive Chairman, President and Chief
Medford, OR 97504 Executive Officer
Alan Steel 2067 Commerce Drive Vice President Finance and
Medford, OR 97504 Chief Financial Officer
Item 2. Identity and Background.
- ---------------------------------
(a) The person filing this statement is William J. Young.
(b) The principal business address of Mr. Young is 2067 Commerce Drive,
Medford, Oregon 97504.
(c) Mr. Young's principal occupation is Chairman, President and Chief
Executive Officer of ADVANCED MACHINE VISION CORPORATION, which engages in the
business of manufacturing automated visual recognition and defect removal
equipment, and the principal executive offices of which are located at 2067
Commerce Drive, Medford, Oregon 97504.
(d) Mr. Young has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Mr. Young was not, during the last five years, a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction as a
result of which he was subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws.
(f) Mr. Young is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
- -----------------------------------------------------------
Not applicable.
Item 4. Purpose of Transaction.
- --------------------------------
Mr. Young contributed back to the Issuer 857,000 shares of restricted stock
to simplify the Company's capital structure and in an effort to increase
stockholder value through the reduction of total outstanding shares.
Item 5. Interest in Securities of the Issuer.
- ----------------------------------------------
(a) Mr. Young is the beneficial owner of 783,800 shares of the Class A
Common Stock of the Issuer, constituting 7.0% of such class.
(b) Mr. Young has sole power to vote, direct the vote of, dispose of, and
direct the disposition of the shares described in (a) above.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Relationships with Respect to
Securities of the Issuer.
- ----------------------------------
95,000 shares of Class A Common Stock beneficially owned by Mr. Young are
subject to the ADVANCED MACHINE VISION CORPORATION Restricted Stock Agreement
dated January 10, 1997 between Mr. Young and the Issuer, previously filed with
the Securities and Exchange Commission. 500,000 shares of Class A Common Stock
underlying options owned by Mr. Young and exercisable within the next 60 days
are subject to certain restrictions in the Incentive Stock Option Agreement
dated February 5, 1995 between William J. Young and the Issuer, previously filed
with the Securities and Exchange Commission.
Item 7. Material to be Filed as Exhibits.
- ------------------------------------------
Not applicable.
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.
Date: September 25, 1997 ---------------------------------
William J. Young
