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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. __________)*
SRS Labs, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
78464M 10 6
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(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 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).
Page 1 of 10 Pages
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CUSIP No. 78464M 10 6 13G Page 2 of 10 Pages
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1 NAMES OF REPORTING PERSONS OR
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Thomas C.K. Yuen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(SEE INSTRUCTIONS) (b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
NUMBER
OF SHARES 54,311
BENEFICIALLY ------------------------------------------
OWNED 6 SHARED VOTING POWER
BY EACH
REPORTING 2,836,578
PERSON ------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
54,311
------------------------------------------
8 SHARED DISPOSITIVE POWER
2,836,578
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,890,889
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
30.4%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP No. 78464M 10 6 13G Page 3 of 10 Pages
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1 NAMES OF REPORTING PERSONS OR
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Misako Yuen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(SEE INSTRUCTIONS) (b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
NUMBER
OF SHARES -0-
BENEFICIALLY ------------------------------------------
OWNED 6 SHARED VOTING POWER
BY EACH
REPORTING 2,836,578
PERSON ------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
------------------------------------------
8 SHARED DISPOSITIVE POWER
2,836,578
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,836,578
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
30.0%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP No. 78464M 10 6 13G Page 4 of 10 Pages
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1 NAMES OF REPORTING PERSONS OR
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Thomas Yuen Family Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(SEE INSTRUCTIONS) (b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
NUMBER
OF SHARES -0-
BENEFICIALLY ------------------------------------------
OWNED 6 SHARED VOTING POWER
BY EACH
REPORTING 2,836,578
PERSON ------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
------------------------------------------
8 SHARED DISPOSITIVE POWER
2,836,578
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,836,578
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
30.0%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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CUSIP No. 78464M 10 6 13G Page 5 of 10 Pages
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Item 1(a). Name of Issuer:
SRS Labs, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
2909 Daimler Street, Santa Ana, California 92705
Item 2(a). Names of Persons Filing:
Thomas C.K. Yuen, Misako Yuen and the Thomas Yuen Family Trust
Item 2(b). Address of Principal Business Office or, if None, Residence:
SRS Labs, Inc., 2909 Daimler Street, Santa Ana, California 92705
Item 2(c). Citizenship:
Thomas C.K. Yuen and Misako Yuen are citizens of the
U.S.A, and the Thomas Yuen Family Trust is a trust
formed under the laws of the State of California.
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
78464M 10 6
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b),
identify the type of reporting person.
Inapplicable.
Item 4. Ownership.
(a) Amount Beneficially Owned:
Thomas C.K. Yuen 2,890,889
Misako Yuen 2,836,578
Thomas Yuen Family Trust 2,836,578
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CUSIP No. 78464M 10 6 13G Page 6 of 10 Pages
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(b) Percent of Class:
Thomas C.K. Yuen 30.4%
Misako Yuen 30.0%
Thomas Yuen Family Trust 30.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Thomas C.K. Yuen 54,311
Misako Yuen 0
Thomas Yuen Family Trust 0
(ii) Shared power to vote or to direct the vote:
Thomas C.K. Yuen 2,836,578
Misako Yuen 2,836,578
Thomas Yuen Family Trust 2,836,578
(iii) Sole power to dispose or to direct the
disposition of:
Thomas C.K. Yuen 54,311
Misako Yuen 0
Thomas Yuen Family Trust 0
(iv) Shared power to dispose or to direct the
disposition of:
Thomas C.K. Yuen 2,836,578
Misako Yuen 2,836,578
Thomas Yuen Family Trust 2,836,578
The shares beneficially owned by Thomas C.K. Yuen, Misako Yuen and the
Thomas Yuen Family Trust include 2,836,578 shares held by the Thomas
Yuen Family Trust, of which Mr. and Mrs. Yuen are co-trustees. The
shares beneficially owned by Thomas C.K. Yuen also include 54,311
shares issuable to Mr. Yuen upon exercise of stock options that vest
on or before March 1, 1997, and Mr. Yuen's beneficial ownership of
such shares is subject to applicable community property laws. The
shares beneficially owned by Mr. and Mrs. Yuen and the Thomas Yuen
Family Trust do not include 202,755 shares held by Atsuko Hamasaki as
trustee of the Yuen 1993 Irrevocable Trust (144,825 shares), and as
custodian for Mr. and Mrs. Yuen's children, Jennifer Wen Lee Yuen
(28,965 shares) and Constance Kahlee Yuen (28,965 shares). Mr. and
Mrs. Yuen and the Thomas Yuen Family Trust disclaim beneficial
ownership of the 202,755 shares held by Atsuko Hamasaki.
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
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CUSIP No. 78464M 10 6 13G Page 7 of 10 Pages
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Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent Holding Company.
Inapplicable.
Item 8. Identification and Classification of Members of the Group.
This filing is on behalf of Thomas C.K. Yuen, Misako
Yuen and the Thomas Yuen Family Trust as members of a
group pursuant to Rule 13d-1(c).
Item 9. Notice of Dissolution of Group.
Inapplicable.
Item 10. Certification.
Inapplicable.
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CUSIP No. 78464M 10 6 13G Page 8 of 10 Pages
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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.
February 13, 1997
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Date
/s/ Thomas C.K. Yuen
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Thomas C.K. Yuen
/s/ Misako Yuen
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Misako Yuen
THOMAS YUEN FAMILY TRUST
By: /s/ Thomas C.K. Yuen
-----------------------------------
Thomas C.K. Yuen
Co-Trustee
By: /s/ Misako Yuen
-----------------------------------
Misako Yuen
Co-Trustee
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CUSIP No. 78464M 10 6 13G Page 9 of 10 Pages
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EXHIBIT A
AGREEMENT
THIS AGREEMENT is dated as of February 13, 1997, among Thomas C.K.
Yuen, Misako Yuen and the Thomas Yuen Family Trust.
WHEREAS, pursuant to Rule 240.13d-1(f) promulgated under Section
13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
the parties hereto have decided to satisfy their filing obligations under the
Exchange Act by a single joint filing;
NOW THEREFORE, the parties hereto agree as follows:
1. The Schedule 13G with respect to SRS Labs, Inc. to which this
Agreement is attached as Exhibit A (the "Schedule 13G") is filed on behalf of
each of the parties hereto.
2. Each of the parties hereto is eligible to use the Schedule 13G.
3. Each of the parties hereto is responsible for the timely
filing of the Schedule 13G and any amendments thereto, and for the completeness
and accuracy of the information concerning such person or entity contained in
the Schedule 13G; provided that each person or entity is not responsible for
the completeness or accuracy of the information concerning any other person
making such filing contained in the Schedule 13G, unless such person or entity
knows or has reason to believe that such information is inaccurate.
[Signature Page Follows]
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CUSIP No. 78464M 10 6 13G Page 10 of 10 Pages
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IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the date first above written.
/s/ Thomas C.K. Yuen
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Thomas C.K. Yuen
/s/ Misako Yuen
--------------------------------------
Misako Yuen
THOMAS YUEN FAMILY TRUST
By: /s/ Thomas C.K. Yuen
-----------------------------------
Thomas C.K. Yuen
Co-Trustee
By: /s/ Misako Yuen
-----------------------------------
Misako Yuen
Co-Trustee
