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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------
SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 3)*
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)
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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)
[ ] Rule 13d-1(c)
[X] 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).
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CUSIP No. 78464M 10 6 13G Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Thomas C.K. Yuen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [X]
(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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NUMBER OF 5 SOLE VOTING POWER
SHARES 380,023
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,646,370
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 380,023
------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 2,646,370
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,026,393
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
24.7% (Based on 11,890,691 shares of SRS Labs, Inc.'s common stock
outstanding as of December 31, 1999, and treating as outstanding 374,309
shares issuable to Mr. Yuen upon exercise of stock options that vest on
or before March 1, 2000.)
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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 NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Misako Yuen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [X]
(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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NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
-------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,646,370
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 2,646,370
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,646,370
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(See Instructions)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.3% (Based on 11,890,691 shares of SRS Labs, Inc.'s common stock
outstanding as of December 31, 1999.)
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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 NAME OF REPORTING PERSON/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Thomas Yuen Family Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [X]
(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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NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
-------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 2,646,370
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 2,646,370
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,646,370
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
(See Instructions)
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
22.3% (Based on 11,890,691 shares of SRS Labs, Inc.'s common stock
outstanding as of December 31, 1999.)
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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
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 sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C.78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c);
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c);
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E);
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CUSIP No. 78464M 10 6 13G Page 6 of 8 Pages
(f ) [ ] An employee benefit plan or endowment fund in accordance
with section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to section 240.13d-1(c), check
this box [ ].
Item 4. Ownership.
(a) Amount Beneficially Owned:
Thomas C.K. Yuen 3,026,393
Misako Yuen 2,646,370
Thomas Yuen Family Trust 2,646,370
(b) Percent of Class:
Thomas C.K. Yuen 24.7%
Misako Yuen 22.3%
Thomas Yuen Family Trust 22.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Thomas C.K. Yuen 380,023
Misako Yuen 0
Thomas Yuen Family Trust 0
(ii) Shared power to vote or to direct the vote:
Thomas C.K. Yuen 2,646,370
Misako Yuen 2,646,370
Thomas Yuen Family Trust 2,646,370
(iii) Sole power to dispose or to direct the
disposition of:
Thomas C.K. Yuen 380,023
Misako Yuen 0
Thomas Yuen Family Trust 0
(iv) Shared power to dispose or to direct the
disposition of:
Thomas C.K. Yuen 2,646,370
Misako Yuen 2,646,370
Thomas Yuen Family Trust 2,646,370
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CUSIP No. 78464M 10 6 13G Page 7 of 8 Pages
The shares beneficially owned by Thomas C.K. Yuen, Misako
Yuen and the Thomas Yuen Family Trust include 2,646,370
shares held by the Thomas Yuen Family Trust, of which Mr.
and Mrs. Yuen are co-trustees and 5,714 shares held by Mr.
and Mrs. Yuen's daughter, Jennifer Wen Lee. Mr. and Mrs.
Yuen and the Thomas Yuen Family Trust disclaim beneficial
ownership of the 5,714 shares held by Jennifer Wen Lee.
The shares beneficially owned by Thomas C.K. Yuen also
include 374,309 shares issuable to Mr. Yuen upon exercise
of stock options that vest on or before March 1, 2000, 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 213,469 shares held by
Atsuko Hamasaki as (i) trustee of the Yuen 1993
Irrevocable Trust (144,825 shares) and (ii) custodian for
Mr. and Mrs. Yuen's children, Jennifer Wen Lee Yuen
(31,465 shares) and Constance Kahlee Yuen (37,179). Mr.
and Mrs. Yuen and the Thomas Yuen Family Trust disclaim
beneficial ownership of the 213,469 shares held by Atsuko
Hamasaki in the above-referenced capacities.
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. [ ]
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(d).
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
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 11, 2000
------------------------------------------
Date
/s/ Thomas C.K. Yuen
------------------------------------------
Thomas C.K. Yuen
/s/ Misako Yuen
------------------------------------------
Misako Yuen
THOMAS YUEN FAMILY TRUST
/s/ Thomas C.K. Yuen
------------------------------------------
By: Thomas C.K. Yuen
Co-Trustee
/s/ Misako Yuen
------------------------------------------
By: Misako Yuen
Co-Trustee
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Exhibit A
CUSIP No. 78464M106 13G
AGREEMENT
THIS AGREEMENT is dated as of February 11, 2000 among Thomas C. K. Yuen,
Misako Yuen and the Thomas Yuen Family Trust.
WHEREAS, pursuant to Rule 240.13d-1(k) 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 Amendment No. 3 to 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.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written.
/s/ Thomas C. K. Yuen
-----------------------------------
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
