UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._____)*
Fiberstars, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
315662 10 6
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 disclosure
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).
Page 1 of 7 pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 315662 10 6 13G Page 2 of 7 Pages
- --------------------------------------- --------------------------------------
Page 3 of 7 pages
GT\6018475.1
102590-151069
- ----------- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S. S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Chailease Venture Capital Co., Ltd.
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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
Taipei, Taiwan
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5 SOLE VOTING POWER
NUMBER OF
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 189,393
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BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON
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WITH 8 SHARED DISPOSITIVE POWER
189,393
- -------------------------- ---------- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
189,393
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ----------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.54%
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12 TYPE OF REPORTING PERSON *
PN
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<FN>
*SEE INSTRUCTION BEFORE FILING OUT!
</FN>
</TABLE>
Page 2 of 7 pages
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
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CUSIP NO. 315662 10 6 13G Page 3 of 7 Pages
- --------------------------------------- --------------------------------------
- ----------- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S. S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul Wang
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ----------- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ----------- ---------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 26,250
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SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 189,393
---------- -------------------------------------------------------------------------------
BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 26,250
---------- -------------------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
189,393
- -------------------------- ---------- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
215,643
- ----------- ---------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- ----------- ---------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.31%
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12 TYPE OF REPORTING PERSON *
IN
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<FN>
*SEE INSTRUCTION BEFORE FILING OUT!
</FN>
</TABLE>
Page 3 of 7 pages
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Chailease Venture Capital Co., Ltd.
Schedule 13G (Cont'd)
Item 1(a) Name of Issuer:
Fiberstars, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
2883 Bayview Drive
Fremont, CA 94538
Item 2(a) Name of Person Filing:
Chailease Venture Capital Co., Ltd.
Item 2(b) Address of Principal Business Office, or if None, Residence:
420 Fu-Hsin North Road, Sixth Floor
Taipei, Taiwan R.O.C.
Item 2(c) Citizenship:
Chailease Venture Capital Co., Ltd. is a limited
partnership organized in the State of Taipei, Taiwan,
R.O.C. Paul Wang is a citizen of the United States of
America.
Item 2(d) Title of Class Securities
Common Stock
Item 2(e) CUSIP Number:
315662 10 6
Item 3 Type of Person:
Not Applicable
Item 4 Ownership (at December 31, 1996):
(a) and (b) Amount beneficially owned:
As at December 31, 1996, Chailease Venture Capital Co., Ltd.
beneficially owned 189,393 shares or 5.54% of the outstanding
shares of common stock of the Issuer. Mr. Wang beneficially
owned 215,643 shares or 6.31% of the outstanding shares of
common stock of the Issuer.
Page 4 of 7 pages
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Chailease Venture Capital Co., Ltd.
Schedule 13G (Cont'd)
(c) Number of shares as to which such person has:
Mr. Wang, the General Partner of Chailease Venture Capital
Co., Ltd., shares voting and dispositive powers with respect
to the 189,393 shares owned by Chailease Venture Capital Co.,
Ltd.
Mr. Wang has sole voting power and dispositive power with
respect to 12,500 shares which are issuable upon exercise of
an option that is fully exercisable at a price of $4.50 per
share, and such option expires on February 24, 2002. Mr. Wang
also holds two seperate fully exercisable options to purchase
5,000 shares at a price of $5.125 and $5.625 per share,
respectively, and such options expire on August 17, 2004 and
May 16, 2005, respectively, or when Mr. Wang ceases to serve
as a director of the Issuer, if earlier. Mr. Wang also holds
an option to purchase 5,000 shares of common stock, which
vests in 12 equal monthly installments from the grant date
(May 22, 1996), 3,750 of which are currently vested, with the
remainder becoming fully exercisable on May 22, 1997. This
option expires on May 21, 2006 or when Mr. Wang ceases to
serve as a director of the Issuer,if ealier.
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:
No person, other than Mr. Wang, has shared voting and
dispositive powers with respect to the shares owned by
Chailease Venture Capital Co., Ltd.
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:
See Exhibit A attached hereto.
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certification:
Not Applicable
Page 5 of 7 pages
<PAGE>
Schedule 13G
Chailease Venture Capital Co., Ltd. (Cont'd)
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.
Date: February 14, 1997
CHAILEASE VENTURE CAPITAL CO., LTD.
/s/ Paul Wang
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By: Paul Wang
Title: President
/s/ Paul Wang
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Paul Wang
Page 6 of 7 pages
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Schedule 13G
Chailease Venture Capital Co., Ltd. (Cont'd)
EXHIBIT A
Identification of Members of Group
Pursuant to Rule 13d-1(f) promulgated pursuant to the Securities
Exchange Act of 1934, as amended, the undersigned agree that the attached
Schedule 13G is being filed on behalf of each of the undersigned.
Dated February 14, 1997.
CHAILEASE VENTURE CAPITAL CO., LTD.
/s/ Paul Wang
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By: Paul Wang
Title: President
/s/ Paul Wang
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Paul Wang
Page 7 of 7 pages
