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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. 2)*
DATA RACE, INC.
-----------------------------------------
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
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(Title of Class of Securities)
237842109
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(CUSIP Number)
FEBRUARY 25, 2000
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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:
[ ] Rule 13d-1(b)
[X] 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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
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CUSIP NO. 237842109 PAGE 2 OF 8
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(1) NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (entities only).
LIVIAKIS FINANCIAL COMMUNICATIONS, INC. 68-0311399
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
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(5) SOLE VOTING POWER
NUMBER OF 2,668,020
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 2,688,020
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,668,020
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(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [X]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.4%
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(12) TYPE OF REPORTING PERSON (See Instructions)
CO
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CUSIP NO. 237842109 PAGE 3 OF 8
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(1) NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
JOHN M. LIVIAKIS
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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(5) SOLE VOTING POWER
NUMBER OF 81,400
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 2,668,020
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 81,400
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
2,668,020
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,749,420
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.8%
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(12) TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP NO. 237842109 PAGE 4 OF 8
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(1) NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only).
RENEE A. LIVIAKIS
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [X]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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(5) SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 2,688,020
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
2,668,020
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,668,020
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [X]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.4%
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(12) TYPE OF REPORTING PERSON (See Instructions)
IN
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Page 5 of 8
ITEM 1(a). NAME OF ISSUER:
Data Race, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
12400 Network Boulevard
San Antonio, Texas 78249
ITEM 2(a). NAME(S) OF PERSON(S) FILING:
Liviakis Financial Communications, Inc. ("LFC")
John M. Liviakis ("JML")
Renee A. Liviakis ("RAL")
LFC, JML and RAL are filing this Amended Statement on Schedule 13G jointly
pursuant to Rule 13d-1(k)(1).
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
495 Miller Avenue
Mill Valley, California 94941
ITEM 2(c). CITIZENSHIP:
LFC is a California corporation. JML and RAL are citizens of the United
States of America.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, no par value
ITEM 2(e). CUSIP NUMBER:
237842109
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:
Not applicable
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Page 6 of 8
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned as of December 31, 1999:
LFC: 2,688,020 shares
JML: 2,749,420 shares
RAL: 2,668,020 shares
JML and RAL are husband and wife, and each owns 50% of the
outstanding shares of LFC. Each is a director and officer of LFC and,
as such, influences the exercise of voting power and dispositive
power by LFC. Each of JML and RAL is reporting all of the 2,668,020
shares beneficially owned by LFC on February 25, 2000 as beneficially
owned.
(b) Percent of class:
LFC: 11.4%
JML: 11.8%
RAL: 11.4%
Based upon the 22,861,110 shares of Common Stock that the Issuer
reported as outstanding, as adjusted for the 488,889 shares issuable
upon exercise of stock purchase warrants held by LFC and presently
exercisable.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
LFC: 2,668,020 shares
JML: 81,400 shares
RAL: -0- shares
(ii) Shared power to vote or direct the vote:
LFC: -0- shares
JML: 2,668,020 shares
RAL: 2,668,020 shares
JML and RAL, in their capacity as officers and directors, share the
power to vote or direct the vote of the shares owned by LFC.
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Page 7 of 8
(iii) Sole power to dispose or to direct the disposition of:
LFC: 2,668,020 shares
JML: 81,400 shares
RAL: -0- shares
(iv) Shared power to dispose or direct the disposition of:
LFC: -0- shares
JML: 2,668,020 shares
RAL: 2,668,020 shares
JML and RAL, in their capacity as officers and directors,
share the power to dispose or direct the disposition of the
shares owned by LFC.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
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
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Page 8 of 8
ITEM 10. CERTIFICATIONS.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above 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.
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.
Dated: April 12, 2000 LIVIAKIS FINANCIAL COMMUNICATIONS, INC.
By:/s/John M. Liviakis
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John M. Liviakis, President
/s/John M. Liviakis
-----------------------------------
John M. Liviakis
/s/Renee A. Liviakis
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Renee A. Liviakis
