TRIMARK HOLDINGS INC
SC 13G/A, 1998-02-09
MOTION PICTURE & VIDEO TAPE DISTRIBUTION
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<PAGE>
 
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  SCHEDULE 13G


                   Under the Securities Exchange Act of 1934
                               (AMENDMENT NO. 7)*

             Trimark Holdings, Inc. (formerly named Vidmark, Inc.)
- ------------------------------------------------------------------------------- 
                               (Name of Issuer)
                                        
                                  common stock
- -------------------------------------------------------------------------------
                        (Title of Class of Securities)
                                        
                       89621J 10 0 (formerly 92658E 10 2)
- -------------------------------------------------------------------------------
                                 (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
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 5 pages
<PAGE>
 
- -----------------------                                  ---------------------
 CUSIP NO. 89621J 10 0                  13G                PAGE 2 OF 5 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAMES OF REPORTING PERSONS
 1    S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
      Barry Barnholtz
      

- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP(See Instructions)

 2                                                              (a) [_]
                                                                (b) [_]        
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

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

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5   
     NUMBER OF            11,386   
 
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                          ----
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7    
    REPORTING             11,386        
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                          ----
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9  
      11,386

- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10     (See Instructions)                                              [_]
 
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11    
      Less than 1%

- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON (See Instructions)
12
      IN

- ------------------------------------------------------------------------------
<PAGE>
 
CUSIP No. 89621J 10 0                                      Page 3 of 5 Pages

Item 1(a)    Name of Issuer:
- ---------                   

             TRIMARK HOLDINGS, INC. (FORMERLY VIDMARK, INC.)

Item 1(b)    Address of Issuer's Principal Executive Offices:
- ---------                                                    

             2644 30th Street
             Santa Monica, California  90405

Item 2(a)    Name of Person Filing:
- ---------                          

             BARRY BARNHOLTZ

Item 2(b)    Address of principal business office, or, if none, 
- ---------    residence:

             29800 Cuthbert Road
             Malibu, California  90265

Item 2(c)    Citizenship:
- ---------                

             U.S.A.

Item 2(d)    Title of class of securities:
- ---------                                 

             Common Stock

Item 2(e)    CUSIP No.:
- ---------              

             89621J 10 0 (formerly 92658R 10 2)

Item 3       If this statement is filed pursuant to Rule 13d-1(b), or 13d-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 Adviser registered under Section 203 of the Investment
             Advisers Act of 1940
<PAGE>
 
CUSIP No. 89621J 10 0                                      Page 4 of 5 Pages

(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 Section 240.13d-1(b)(1)(ii)(F)

(g) ( )      Parent Holding Company, in accordance with
             Section 240.13(d)-1(b)(ii)(G) (Note: See Item 7)

(h) ( )      Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)

Item 4    Ownership:
- ------              

(a)          Amount Beneficially Owned As of December 31, 1997:

                  11,386* shares of common stock.

(b)          Percent of Class:

                  Less than 1%

             Number of shares as to which such person has:

(c)          (i)     sole power to vote or to direct the vote:
                     11,386*

             (ii)    shared power to vote or to direct the 
                     vote:  0

             (iii)   sole power to dispose or to direct the disposition
                     of:  11,386*

             (iv)    shared power to dispose or to direct the disposition
                     of:  0

                  *Includes currently exercisable options (or options
              exercisable within 60 days) to acquire 6,667 shares of 
              common stock.

Item 5    Ownership of Five Percent or Less of a Class:
- ------                                                 

          As of December 31, 1997, the reporting person has ceased to be
          the beneficial owner of 5% or more of the common stock.

Item 6    Ownership of More than Five Percent on Behalf of Another
- ------    Person:                                                               
               
                  Not applicable
<PAGE>
 
CUSIP No. 89621J 10 0                                      Page 5 of 5 Pages

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.

January 28, 1998
- ---------------------------------------------------------------------
DATE

    /s/  BARRY BARNHOLTZ
- ---------------------------------------------------------------------
SIGNATURE                BARRY BARNHOLTZ


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