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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. 1)*
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 8 Pages
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CUSIP No. 78464M 10 6 13G Page 2 of 8 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 140,563
BENEFICIALLY ------------------------------------------
OWNED 6 SHARED VOTING POWER
BY EACH
REPORTING 2,668,482
PERSON ------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
140,563
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8 SHARED DISPOSITIVE POWER
2,668,482
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,045
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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
28.8%
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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 8 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 2,668,482
PERSON ------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
------------------------------------------
8 SHARED DISPOSITIVE POWER
2,668,482
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,668,482
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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
27.7%
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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 8 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 2,668,482
PERSON ------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
------------------------------------------
8 SHARED DISPOSITIVE POWER
2,668,482
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,668,482
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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
27.7%
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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 8 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 2,809,045
Misako Yuen 2,668,482
Thomas Yuen Family Trust 2,668,482
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CUSIP No. 78464M 10 6 13G Page 6 of 8 Pages
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(b) Percent of Class:
Thomas C.K. Yuen 28.8%
Misako Yuen 27.7%
Thomas Yuen Family Trust 27.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Thomas C.K. Yuen 140,563
Misako Yuen 0
Thomas Yuen Family Trust 0
(ii) Shared power to vote or to direct the vote:
Thomas C.K. Yuen 2,668,482
Misako Yuen 2,668,482
Thomas Yuen Family Trust 2,668,482
(iii) Sole power to dispose or to direct the
disposition of:
Thomas C.K. Yuen 140,563
Misako Yuen 0
Thomas Yuen Family Trust 0
(iv) Shared power to dispose or to direct the
disposition of:
Thomas C.K. Yuen 2,668,482
Misako Yuen 2,668,482
Thomas Yuen Family Trust 2,668,482
The shares beneficially owned by Thomas C.K. Yuen, Misako Yuen and the
Thomas Yuen Family Trust include 2,668,482 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 140,563
shares issuable to Mr. Yuen upon exercise of stock options that vest
on or before March 1, 1998, 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 203,493 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
(31,465 shares) and Constance Kahlee Yuen (31,465 shares). Mr. and
Mrs. Yuen and the Thomas Yuen Family Trust disclaim beneficial
ownership of the 203,493 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 8 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 8 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 10, 1998
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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
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Thomas C.K. Yuen
Co-Trustee
By: /s/ Misako Yuen
-----------------------------------
Misako Yuen
Co-Trustee
