13D Page 9 of 9 Pages
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
LASER-PACIFIC MEDIA CORPORATION
-------------------------------------
(Name of Issuer)
Common Stock, $.001 par value
-----------------------------------
(Title of Class of Securities)
517923
------------------------
(CUSIP NUMBER)
Ralph J. Sorrentino, President
Digital Creative Development Corporation
67 Irving Place North
4th Floor
New York, New York 10003
(212) 387-7700
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Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
December 19, 2000
----------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Ifthe 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(e), 13d-1(f) or
13d-1(g),
check the following box / X /.
---
<PAGE>
1. NAME OF REPORTING PERSON
Digital Creative Development Corporation
S.S. OR IRS IDENTIFICATION NO. OF PERSONS
TIN # 13-4102909
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
---
(b)
---
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
N.A.
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
7. Sole Voting Power: 815,200
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 815,200
Person
With
10. Shared Dispositive Power: -0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
815,200 (1)
12. CHECK THE BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
--
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.5% (rounded)
14. TYPE OF REPORTING PERSON
CO
(1) The Reporting Person disclaims any beneficial ownership of the
shares reported by Bruce Galloway and Ralph J. Sorrentino on
this Schedule 13D.
<PAGE>
1. NAME OF REPORTING PERSON
Bruce Galloway (for and on behalf of accounts over which he has control)
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
---
(b)
---
3. SEC USE ONLY
4. SOURCE OF FUNDS
PF
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
N.A.
6. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------
7. Sole Voting Power: 178,600
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 178,600
Person
With
10. Shared Dispositive Power: -0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
178,600 (2)
12. CHECK THE BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
--
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3% (rounded)
14. TYPE OF REPORTING PERSON
IN
(2) The Reporting Person disclaims any beneficial ownership of the
shares reported by Digital Creative Development Corporation
and Ralph J. Sorrentino on this Schedule 13D.
<PAGE>
1. NAME OF REPORTING PERSON
Ralph J. Sorrentino
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
---
(b)
---
3. SEC USE ONLY
4. SOURCE OF FUNDS
PF
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e)
N.A.
6. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------
7. Sole Voting Power: 20,300
Number of
Shares
Beneficially 8. Shared Voting Power: -0-
Owned By
Each
Reporting 9. Sole Dispositive Power: 20,300
Person
With
10. Shared Dispositive Power: -0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,300 (3)
12. CHECK THE BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
--
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.3% (rounded)
14. TYPE OF REPORTING PERSON
IN
(3) The Reporting Person disclaims any beneficial ownership of the
shares reported by Digital Creative Development Corporation
and Bruce Galloway on this Schedule 13D.
This Amendment No. 8 to Schedule 13D amends the Schedule 13D initially
filed on October 11, 2000 (collectively, with all amendments thereto, the
"Schedule 13D") by (i) Digital Creative Development Corporation, a Delaware
corporation, ("Digital"), (ii) Ralph J. Sorrentino ("Sorrentino") and (iii)
Bruce Galloway ("Galloway" and together with Digital and Sorrentino, the
"Reporting Persons").
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is amended and restated in its entirety as
follows:
A. Digital.
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(a), (b) The information set forth in Rows 7, 8, 9, 10, 11 and 13 of
the cover page hereto for Digital is incorporated herein by reference.
(c) The trading dates, number of shares of Common Stock purchased or sold and
the price per share of Common Stock for all purchases and sales of the shares of
Common Stock in the last 60 days are set forth on Schedule A hereto and are
incorporated herein by reference.
(d) No other person is known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, the shares of
Common Stock disclosed herein.
(e) Not applicable.
B. Sorrentino.
-------------------
(a), (b) The information set forth in Rows 7, 8, 9, 10, 11 and 13 of
the cover page hereto for Sorrentino is incorporated herein by reference.
(c) The trading dates, number of shares of Common Stock purchased or sold and
the price per share of Common Stock for all purchases and sales of the shares of
Common Stock in the last 60 days are set forth on Schedule B hereto and are
incorporated herein by reference.
(d) No other person is known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, the shares of
Common Stock disclosed herein.
(e) Not applicable.
C. Galloway.
-----------------
(a), (b) The information set forth in Rows 7, 8, 9, 10, 11 and 13 of
the cover page hereto for Galloway is incorporated herein by reference.
(c) The trading dates, number of shares of Common Stock purchased or sold and
the price per share of Common Stock for all purchases and sales of the shares of
Common Stock in the last 60 days are set forth on Schedule C hereto and are
incorporated herein by reference.
(d) No other person is known to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, the shares of
Common Stock disclosed herein.
(e) Not applicable.
SIGNATURES
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.
Dated: January 8, 2001 DIGITAL CREATIVE DEVELOPMENT
CORPORATION
By: /s/ Ralph J. Sorrentino
-----------------------------
Name: Ralph J. Sorrentino
Title: President and Chief
Executive Officer
/s/ Ralph J. Sorrentino
--------------------------------
Ralph J. Sorrentino
/s/ Bruce Galloway
-------------------------------
Bruce Galloway
<PAGE>
SCHEDULE A
Digital Creative Development Corporation
Price
Per Share Where
Trade Date Number of Shares (including commission) Effected
10/27/00 17,000 1 27/32 NASDAQ
10/30/00 2,500 1 7/8 NASDAQ
11/1/00 5,000 1 27/32 NASDAQ
12/1/00 150,000 1.135 NASDAQ
12/4/00 264,200 1.01 NASDAQ
12/5/00 47,000 1.50 NASDAQ
12/11/00 60,000 1.50 NASDAQ
12/13/00 13,500 1.4575 NASDAQ
12/14/00 163,000 1.4218 NASDAQ
<PAGE>
SCHEDULE B
Ralph J. Sorrentino
Price
Per Share Where
Trade Date Number of Shares (including commission) Effected
<PAGE>
SCHEDULE C
Bruce Galloway
Price
Per Share Where
Trade Date Number of Shares (including commission) Effected
12/14/00 143,800 1.39 NASDAQ
(Sale)
