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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)*
PROXIMA CORPORATION
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
744287100
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
A fee is not required only if the filing person (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7)
*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 (the "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).
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CUSIP No. 744287100
Form 13G
Page 2 of 4
1 NAME OF REPORTING PERSON
(S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON)
KENNETH E. OLSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. CITIZEN
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5 SOLE VOTING POWER
NUMBER OF 202,930
SHARES --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 202,930
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
202,930
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.74%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 4
Item 1. Issuer:
a. Proxima Corporation
b. 9440 Carroll Park Drive, San Diego, CA 92121
Item 2. Person Filing:
a. Kenneth E. Olson
b. 404 Torrey Point Road, Del Mar, CA 92014
c. U. S. Citizen
Item 2d. Title of Class of Securities:
Common Stock, $.001 par value
Item 2e. CUSIP Number:
744287103
Item 3. If this statement is filed pursuant to Rules 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;
f. ___ Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund;
g. ___ Parent Holding Company in accordance with Sec.
240.13d-1(b)(1)(ii)(G);
h. ___ Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(H).
N/A
Item 4. Ownership:
a. Amount beneficially owned as of December 31, 1996: 202,930
b. Percent of Class: 2.74%
c. Number of shares as to which such person has:
i. Sole power to vote or direct the vote: 202,930
ii. Shared power to vote or to direct the vote: -0-
iii. Sole power to dispose or to direct disposition of:
202,930
iv. Shared power to dispose or to direct disposition of:
-0-
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
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Item 6. Ownership of More than Five Percent on Behalf of Another Person: N/A
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent Holding Company:
N/A
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Page 4 of 4
Item 8. Identification and Classification of Members of the Group:
N/A
Item 9. Notice of Dissolution of Group:
N/A
Item 10. Certification:
N/A
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: February 10, 1997.
/s/ Kenneth E. Olson
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Kenneth E. Olson
