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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1(b), (c) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. 1 )*
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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)
December 31, 1998
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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)
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CUSIP NO. 984151-10-0 13G PAGE 1 OF 5 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
YURI PIKOVER
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S.A.
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SOLE VOTING POWER
5
NUMBER OF 2,102,084*
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,102,084*
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,102,084*
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
5.0%
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TYPE OF REPORTING PERSON*
12
IN
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* This number does not include 55,000 shares held by the Pikover Blind Trust
as of December 31, 1998. The Reporting Person does not have voting or investment
power with respect to these shares. However, if the reporting person were deemed
to have voting or investment power with respect to these shares, the number of
shares in Items 5, 7, and 9 would be 2,157,084, and the percentage in Item 11
would be 5.1%.
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CUSIP NO. 984151-10-0 13G PAGE 2 OF 5 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:
26707 West Agoura Road, 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:
26707 West Agoura Road, 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), 13D-2(B) OR
13D-2(C), CHECK WHETHER THE PERSON FILING IS A:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act
(b) [_] Bank as defined in section 3(a)(6) of the Exchange Act
(c) [_] Insurance company as defined in section 3(a)(19) of the Exchange
Act
(d) [_] Investment company registered under section 8 of the Investment
Company Act,
(e) [_] An investment adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [_] Employee Benefit Plan 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).
If this statement is filed pursuant to Rule 13d-1(c), check this box
[_].
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CUSIP NO. 984151-10-0 13G PAGE 3 OF 5 PAGES
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ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
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(a) Amount Beneficially Owned:
As the Trustee for Pikover Irrevocable Children's Trust 230,000
As the Trustee for Pikover 1995 Irrevocable Trust 20,000
As the Trustee for The Pikover Trust 1,825,000
Shares subject to options granted to Yuri Pikover
that are exercisable by March 1, 1999 27,084
TOTAL: 2,102,084 shares
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(b) Percent of Class: (based on 42,197,104 shares as of December 31, 1998)
Pikover Irrevocable Children's Trust 0.55%
Pikover 1995 Irrevocable Trust 0.05%
The Pikover Trust 4.32%
Shares subject to options granted to Yuri Pikover
that are exercisable by March 1, 1999 0.06%
TOTAL: 4.98%
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
As the Trustee for Pikover Irrevocable Children's Trust 230,000
As the Trustee for Pikover 1995 Irrevocable Trust 20,000
As the Trustee for The Pikover Trust 1,825,000
Shares subject to options granted to Yuri Pikover
that are exercisable by March 1, 1999 27,084
TOTAL: 2,102,084 shares
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(ii) Shared power to 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 230,000
As the Trustee for Pikover 1995 Irrevocable Trust 20,000
As the Trustee for The Pikover Trust 1,825,000
Shares subject to options granted to Yuri Pikover
that are exercisable by March 1, 1999 27,084
TOTAL: 2,102,084 shares
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CUSIP NO. 984151-10-0 13G PAGE 4 OF 5 PAGES
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(iv) Shared power to dispose or to direct the disposition of
None
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LOSS 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 [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
See descriptions of ownership in Item 4 above.
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
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CUSIP No. 984151-10-0 13G PAGE 5 OF 5 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 9, 1999
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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)
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 with
the 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).
