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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. 1 )*
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Javelin Systems, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
471896100
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(CUSIP Number)
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
*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 1 of 7 pages
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CUSIP NO. 471896100 13G Page 2 of 7 Pages
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oberweis Asset Management, Inc.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
Not Applicable (b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois
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SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
287,600
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
287,600
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
287,600
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
Not Applicable
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
3.23%
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TYPE OF REPORTING PERSON*
12
IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 471896100 13G Page 3 of 7 Pages
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James D. Oberweis
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
Not Applicable (b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S.A.
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SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
287,600
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
287,600
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
287,600
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
Not Applicable [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
3.23%
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TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
Javelin Systems, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
17891 Cartwright Road
Irvine, CA 92614
Item 2(a) Name of Person Filing:
Oberweis Asset Management, Inc. ("OAM");
James D. Oberweis ("Mr. Oberweis")
Item 2(b) Address of Principal Business Office:
OAM and Mr. Oberweis are both located at:
951 Ice Cream Drive, Suite 200
North Aurora, Illinois 60542
Item 2(c) Citizenship:
OAM is an Illinois Corporation.
Mr. Oberweis is a U.S. citizen.
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
471896100
Item 3 Type of Person:
(e) OAM is an Investment Advisor registered under section 203 of
the Investment Advisors Act of 1940. Mr. Oberweis is the
principal stockholder of OAM.
Page 4 of 7 pages
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Item 4 Ownership (at December 31, 1999):
(a) Amount owned "beneficially" within the meaning of rule
13d-3:
287,600 shares
(b) Percent of class:
3.23% (based on 8,895,000 shares outstanding on
December 31, 1999)
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote:
none
(ii) shared power to vote or to direct the vote:
287,600
(iii) sole power to dispose or to direct the
disposition of: none
(iv) shared power to dispose or to direct
disposition of: 287,600
OAM serves as investment advisor to The Oberweis Funds (the
"Fund") and other discretionary clients. Various of OAM's
shareholders and employees are also officers and trustees of
the Fund, but OAM does not consider the Fund to be
controlled by such persons. Although the Fund is not
controlled by OAM, pursuant to Rule 16d-3(a) the 260,000
shares beneficially owned by the Fund, with respect to which
the Fund has delegated to OAM shared voting power and shared
dispositive power, are considered to be shares beneficially
owned by OAM by reason of such delegated powers. In addition
to the shares beneficially owned by the Fund, other clients
of OAM may own shares which are not included in the
aggregate number of shares reported herein because OAM does
not have or share voting or investment power over those
shares.
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 [X].
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
The shares reported herein have been acquired on behalf of
discretionary clients of OAM. Persons other than OAM are
entitled to receive all dividends from, and proceeds from
the sale of, those shares.
Page 5 of 7 pages
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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:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose
or effect.
Page 6 of 7 pages
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Signature
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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: February 1, 2000
The undersigned corporation, on the date above written,
agrees and consents to the joint filing on its behalf of
this Schedule 13G in connection with its beneficial
ownership of the security reported herein.
Oberweis Asset Management, Inc.
By: /s/ Patrick B. Joyce
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Patrick B. Joyce
Executive Vice President
The undersigned individual, on the date above written,
agrees and consents to the joint filing on his behalf of
this Schedule 13G in connection with his beneficial
ownership of the security reported herein.
/s/ James D. Oberweis
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James D. Oberweis
Page 7 of 7 pages
