UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Amendment No. 1
Under the Securities Exchange Act of 1934
PRINCETON VIDEO IMAGE, INC.
---------------------
(Name of Issuer)
Common Stock, no par value per share
----------------------------------------------------
(Title of Class of Securities)
742476-10-4
------------------------
(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 to 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 7 Pages
<PAGE>
SCHEDULE 13G
- --------------------- --------------------
CUSIP No. 742476-10-4 Page 2 of 7 Pages
- --------------------- --------------------
===========================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S.IDENTIFICATION NO. OF ABOVE PERSON
Allen Holding Inc.
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------
5 SOLE VOTING POWER
0
- --------------------------------------------------------------------------
6 SHARED VOTING POWER
0
- --------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
- --------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [x]
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.2% (reflects shares held by a wholly-owned subsidiary)
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC
=========================================================================
<PAGE>
SCHEDULE 13G
- ---------------------- --------------------
CUSIP No. 742476-10-4 Page 3 of 7 Pages
- ---------------------- --------------------
===========================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S.
IDENTIFICATION NO. OF ABOVE PERSON
Allen & Company Incorporated
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -------------------------------------------------------------------------
5 SOLE VOTING POWER
1,026,054 (Includes 851,450 shares of Common Stock underlying warrants)
- --------------------------------------------------------------------------
6 SHARED VOTING POWER
0
- --------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,026,054 (Includes 851,450 shares of Common Stock underlying warrants)
- --------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,026,430 (Includes 851,450 shares of Common Stock underlying warrants)
- --------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.2%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BD; CO
=========================================================================
<PAGE>
Page 4 of 7 Pages
SCHEDULE 13G
Item 1.
(a) Name of Issuer:
Princeton Video Image, Inc.
(b) Address of Issuer's Principal Executive Office:
15 Princess Road
Lawrenceville, New Jersey 08648
Item 2. Name of Person Filing
(a) Name of Person Filing:
Allen & Company Incorporated ("ACI")
Allen Holding Inc.("AHI")
(b) Address of Principal Office:
711 Fifth Avenue
New York, New York
10022
(c) Citizenship/Organization:
ACI - New York
AHI - Delaware
(d) Title Class of Securities:
Common Stock, no par value per share
(e) CUSIP Number: 742476-10-4
Item 3. If Statement is filed pursuant to Rules 13(d)-1(b) or 13d-2(b),
check whether Person Filing is a
(a) [X] ACI is a Broker-Dealer registered under
Section 15 of the Act.
(g) [X] AHI is a parent holding company in
accordance with Rule 13d-1(b)(ii)(G).
<PAGE>
Page 5 of 7 Pages
Item 4. Ownership.
(a) Amount Beneficially Owned (ACI):
ACI beneficially owns 1,026,054* shares of the
Issuer's Common Stock, no par value per share (the "Common Stock").
This amount does not include: (i) shares of Common Stock and Common Stock
underlying options owned by Enrique F. Senior, a Managing Director and Executive
Vice President of ACI and a director of the Issuer; and (ii) certain shares of
Common Stock held by certain officers and directors of ACI.
(b) Percent of Class: 11.2%
(c) Number of Shares to Which Such Person Has:
(i) Sole voting power - 1,026,054(1)
(ii) Shared voting power - 0
(iii) Sole dispositive power - 1,026,054(1)
(iv) Shared dispositive power - 0
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of Members of the Subsidiary
Which Acquired the Securities Being Reported on by the Parent
Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
<PAGE>
Page 6 of 7 Pages
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction
having such purposes or effect.
* Such shares may be deemed to be beneficially owned indirectly by:
(i) Enrique F. Senior, a managing director of ACI, and
(ii) AHI through ACI, a wholly owned subsidiary. Enrique F. Senior and AHI
each disclaim beneficial ownership of such shares.
(1) Includes 851,450 shares of Common Stock underlying warrants owned of
record by ACI.
<PAGE>
Page 7 of 7 Pages
Signature: After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this statement
is true, complete and correct.
Date: February 14, 2000
ALLEN & COMPANY INCORPORATED
/s/ Gaetano J. Casillo
By:-----------------------------
Name: Gaetano J. Casillo
Title: Vice President
ALLEN HOLDING INC.
/s/ Gaetano J. Casillo
By:----------------------------
Name: Gaetano J. Casillo
Title: Vice President
270890
