<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. _____________)*
Xylan Corporation
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(Name of Issuer)
Common Stock, $0.001 par value
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(Title of Class of Securities)
984151-10-0
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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
disclosures provided in a prior cover page.
The information required on 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. 984151-10-0 13G Page 1 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
YURI PIKOVER
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(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 2,457,083*
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,457,083*
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,457,083*
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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
5.72% BASED ON 42,992,600 TOTAL SHARES OUTSTANDING AS OF
DECEMBER 31, 1997
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12 TYPE OF REPORTING PERSON*
IN
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* THIS NUMBER DOES NOT INCLUDE 55,000 SHARES HELD BY THE PIKOVER BLIND TRUST AS
OF DECEMBER 31, 1997. THE REPORTING PERSON DOES NOT HAVE VOTING OR INVESTMENT
POWER WITH RESPECT TO THESE SHARES. HOWEVER, IF MR. PIKOVER IS DEEMED TO HAVE
VOTING OR INVESTMENT POWER WITH RESPECT TO THESE SHARES, THE NUMBER OF SHARES
IN ITEMS 5, 7 AND 9 WILL BE 2,512,083, AND THE PERCENTAGE IN ITEM 11 WILL BE
5.84%.
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 984151-10-0 13G Page 2 of 4 Pages
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Item 1(a). Name of Issuer:
Xylan Corporation
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Item 1(b). Address of Issuer's Principal Executive Offices:
26679 W. Agoura Road, Suite 100, Calabasas, CA 91302
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Item 2(a). Name of Person Filing:
Yuri Pikover
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Item 2(b). Address of Principal Business Office or, if none, Residence:
26679 W. Agoura Road, Suite 100, Calabasas, CA 91302
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Item 2(c). Citizenship:
U.S.A.
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Item 2(d). Title of Class of Securities:
Common Stock, $0.001 par value
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Item 2(e). CUSIP Number:
984151-10-0
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Item 3. If this statement is filed pursuant to Rule 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; see (S)240.13d-1(b)(1)(ii)(F)
(g) [_] Parent Holding Company, in accordance with (S)240.13d-1(b)(ii)(G)
(Note: See Item 7)
(h) [_] Group, in accordance with (S)240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
(a) Amount Beneficially Owned
<TABLE>
<S> <C>
As the Trustee for Pikover Irrevocable Children's Trust 270,000
As the Trustee for Pikover 1995 Irrevocable Trust 60,000
As the Trustee for The Pikover Trust 2,125,000
Shares subject to options granted to Yuri Pikover
that are exercisable by March 1, 1998 2,083
TOTAL: 2,457,083 shares
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</TABLE>
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CUSIP No. 984151-10-0 13G Page 3 of 4 Pages
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<TABLE>
<S> <C>
(b) Percent of Class: (based on 42,992,600 shares outstanding as of
December 31, 1997)
Pikover Irrevocable Children's Trust 0.63%
Pikover 1995 Irrevocable Trust 0.14%
The Pikover Trust 4.94%
Shares subject to options granted to Yuri Pikover that are
exercisable by March 1, 1998 0.005%
TOTAL: 5.72%
----
(c) The number of shares as to which such person has:
(i) sole power to vote or direct the vote
As the Trustee for Pikover Irrevocable Children's Trust 270,000
As the Trustee for Pikover 1995 Irrevocable Trust 60,000
As the Trustee for The Pikover Trust 2,125,000
Shares subject to options granted to Yuri Pikover
that are exercisable by March 1, 1998 2,083
TOTAL: 2,457,083 shares
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(ii) shared power to a vote or to direct the vote
None
(iii) sole power to dispose or to direct the disposition of
As the Trustee for Pikover Irrevocable Children's Trust 270,000
As the Trustee for Pikover 1995 Irrevocable Trust 60,000
As the Trustee for The Pikover Trust 2,125,000
Shares subject to options granted to Yuri Pikover that are
exercisable by March 1, 1998 2,083
TOTAL: 2,457,083 shares
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(iv) shared power to dispose or to direct the disposition of
None
</TABLE>
Item 5. Ownership of 5% or Less of a Class.
not applicable
Item 6. Ownership of More than 5% on Behalf of Another Person.
See descriptions of ownership in Item 4 above.
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CUSIP No. 984151-10-0 13G Page 4 of 4 Pages
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Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
not applicable
Item 8. Identification and Classification of Members of the Group:
not applicable
Item 9. Notice of Dissolution of Group.
not applicable
Item 10. Certification.
not applicable
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.
2/12/98
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Date
/s/ Yuri Pikover
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Signature
Yuri Pikover
(Individually and as the Trustee for
Pikover Irrevocable Children's Trust,
Pikover 1995 Irrevocable Trust, and the
Pikover Trust)
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Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed
withthe statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
