IMPACT SYSTEMS INC /CA/
SC 13G, 1997-12-04
INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL
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<PAGE>   1





                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                                       

                                 SCHEDULE 13G
                                       
                                       
                                       
           INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                            (Amendment No.      )
                                            
                                       
                                       
                             Kenneth Paul Ostrow
                   -----------------------------------------
                               (Name of Issuer)
                                       
                                       
                                       
                                       
                          Common Stock, No Par Value
                   -----------------------------------------
                        (Title of Class of Securities)
                                       
                                        
                                        
                                       
                                 45213  10  6
                   -----------------------------------------
                                (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).





<PAGE>   2
CUSIP NO.   452913106                      
          ---------------------                      


  (1)     NAMES OF REPORTING PERSONS                 
          S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS                
                        Kenneth Paul Ostrow,       ###-##-####
          ---------------------------------------------------------------------

  (2)     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (A)   [   ]
                                                                    (B)   [   ]

          --------------------------------------------------------------------- 

  (3)     SEC USE ONLY

          ---------------------------------------------------------------------

  (4)     CITIZENSHIP OR PLACE OF ORGANIZATION                      
                   U.S.A. 
          ---------------------------------------------------------------------

                       (5)     SOLE VOTING POWER                    
  NUMBER OF                    678484
   SHARES              --------------------------------------------------------
 BENEFICIALLY          (6)     SHARED VOTING POWER                  
  OWNED BY   
    EACH               --------------------------------------------------------
  REPORTING            (7)     SOLE DISPOSITIVE POWER               
 PERSON WITH                   678484
                       --------------------------------------------------------
                       (8)     SHARED DISPOSITIVE POWER             

                       --------------------------------------------------------

  (9)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         
                               678484
          ---------------------------------------------------------------------

 (10)     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
          SHARES*                                                         [   ]

          ---------------------------------------------------------------------

 (11)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9           
                               6.5
          ---------------------------------------------------------------------

 (12)     TYPE OF REPORTING PERSON*
                               IN
          ---------------------------------------------------------------------
                    *SEE INSTRUCTIONS BEFORE FILLING OUT!



                              PAGE 2 OF 4 PAGES
                        
<PAGE>   3
CUSIP NO.                         
          ---------------------                      


ITEM 1(a).   Name of Issuer:

                                     Impact Systems     
                                        
ITEM 1(b).   Address of Issuer's Principal Executive Offices:    

                                     14600 Winchester Blvd.                    
                                      Los Gatos, CA 95030                    

ITEM 2(a)   Name of Person Filing:

                                     Kenneth Paul Ostrow 

ITEM 2(b)   Address of Principal Business Office or, if none, Residence:

                                     14600 Winchester Blvd.                   
                                      Los Gatos, CA 95030                    

ITEM 2(c)   Citizenship:

                                      UNITED STATES OF AMERICA

ITEM 2(d)   Title of Class of Securities:

                                      COMMON STOCK, NO PAR VALUE

ITEM 2(e)   CUSIP Number: 

                                      452913  10   6

ITEM 3.     NOT*APPLICABLE

ITEM 4.  OWNERSHIP

      (a)   Amount Beneficially Owned:                                 678484*

      (b)   Percent of Class:                                              6.5%

      (c)   Number of shares as to which such person has:

         (i)  sole power to vote or to direct the vote:                678,484
                                                                       
        (ii)  shared power to vote or to direct the vote:                    X
                                                                       
       (iii)  sole power to dispose or to direct the disposition of:   678,484
                                                                       
        (iv)  shared power to dispose or to direct the disposition of:       X
                                                                       


ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

     If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [  ].

                               Page 3 of 4 pages


<PAGE>   4
CUSIP NO.                         
          ---------------------                      


ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT 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




                                   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.

                                2-13-97                      
                               -------------------------
                                Date

                                /s/ KENNETH P. OSTROW 
                               -------------------------
                                Signature

                                PRESIDENT/CEO/COB
                               -------------------------
                                Name/Title
                      







                               Page 4 of 4 pages




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