SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment #4)*
VIDEOLABS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK $.01 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
92657R 10 3
- --------------------------------------------------------------------------------
(CUSIP Number)
JAMES W. HANSEN
C/O VIDEOLABS, INC.
5960 GOLDEN HILLS DRIVE
GOLDEN VALLEY, MN 55416
612.542.0061
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
APRIL 23, 1998
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d - 1(b) (3) or (4), check the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d 7 (b) for other
parties to whom copies are to be sent.
* 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 on 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
<PAGE>
CUSIP No. 92657R 10 3
1. NAME OF REPORTING PERSONS, I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY):
James W. Hansen
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
A. [ ]
B. [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY:
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS (SEE INSTRUCTIONS):
PF (Personal Funds)
- --------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E):
None
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
United States of America
- --------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
269,976
- --------------------------------------------------------------------------------
8. SHARED VOTING POWER
None
- --------------------------------------------------------------------------------
Page 2
<PAGE>
9. SOLE DISPOSITIVE POWER
269,976
- --------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
None
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
269,976
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN (Individual)
- --------------------------------------------------------------------------------
ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the common stock, $.01 par value per share of
VideoLabs, Inc., a Delaware Corporation (the "issuer"). The name and address of
the principal executive offices of the Issuer are as follows:
VideoLabs, Inc.
5960 Golden Hills Drive
Golden Valley, MN 55416
ITEM 2. IDENTITY AND BACKGROUND
The name and address of the reporting person are as follows:
James W. Hansen
26 Highway 96 East
Dellwood, MN 55110
Page 3
<PAGE>
Mr. Hansen is the Chief Executive Officer, President, Treasurer and Chairman of
the Board of Directors of VideoLabs, Inc.
During the last five years, Mr. Hansen has not: (i) been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) nor (ii) been
a party to a civil proceeding or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation
of such laws.
Mr. Hansen is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Mr. Hansen has used personal funds to purchase the VideoLabs, Inc. common stock.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of this transaction was for personal investment by the reporting
person. The reporting person has no plans or proposals with respect to the
issuer.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
James W. Hansen would be deemed to be the beneficial owner of 269,976 shares of
the Issuer's common stock. The issuer has approximately 3,920,221 shares of
common stock issued and outstanding. The 269,976 shares beneficially owned by
the reporting person represent approximately 6.9% of the Issuer's outstanding
common stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
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.
VIDEOLABS, INC.
Date: June 5, 1998 By: /s/ James Hansen
---------------- ----------------
James W. Hansen
President, CEO, Treasurer and Chairman
Page 4
