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December 9, 1996
BY EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Attention: Filing Desk, Stop 1-4
RE: AMENDMENT NO. 3 OF SCHEDULE 13D FOR KENNETH E. RAASCH, LINDA L.
RAASCH, AND THE RAASCH FAMILY TRUST
Ladies and Gentlemen:
On behalf of Kenneth E. Raasch, Linda L. Raasch and Raasch Family Trust, I
enclose for filing the above referenced document.
If you have any questions regarding the enclosed materials, please call the
undersigned at 408-922-1577.
Sincerely,
Sue Edstrom
Corporate Secretary
Enclosures
cc: National Association of Securities Dealers
Bruce Ledesma, Esq.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Media Arts Group, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
58439 C 10 2
---------------------------
(CUSIP Number)
Sue Edstrom 521 Charcot Ave. San Jose, CA 95131
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 18, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting 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.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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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SCHEDULE 13D
CUSIP No. 58439 C 10 2 Page ___ of ___ Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kenneth E. Raasch
Linda L. Raasch
Raasch Family Trust, U.D.T. May 19, 1993
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)/X/
(b)/ /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
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7 SOLE VOTING POWER
Kenneth E. Raasch has sole voting power with respect to
15,000 shares. Linda L. Raasch has sole voting power with
respect to 165,517 shares. Raasch Family Trust has sole
NUMBER OF voting power with respect to 3,622,358 shares.
SHARES
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH None of Kenneth E. Raasch, Linda L. Raasch or the Raasch
REPORTING Family Trust share voting power with each other with respect
PERSON to any shares.
WITH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
Kenneth E. Raasch has sole dispositive power with respect to
15,000 shares. Linda L. Raasch has dispositive voting power
with respect to 165,517 shares. Raasch Family Trust has sole
dispositive power with respect to 3,622,358 shares.
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10 SHARED DISPOSITIVE POWER
None of Kenneth E. Raasch, Linda L. Raasch or the Raasch
Family Trust share dispositive power with each other with
respect to any shares.
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
As a group 3,802,875 Shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
As a Group 38.0%
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14 TYPE OF REPORTING PERSON*
IN, 00-Trust
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION.
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This Amendment No. 3 to Schedule 13D is being filed on behalf of the undersigned
Reporting Persons to amend the Schedule 13D filed December 21, 1995 and all
amendments thereto (the "Schedule 13D" (and pursuant to Rule 101 (a)(2)(ii) of
Regulation S-T, restates the Schedule 13D in its entirety)), relating to the
common stock, par value $0.01 per share, of Media Arts Group, Inc., a Delaware
corporation (the "Issuer").
ITEM 2: (a) The names of the persons filing are Kenneth E. Raasch, Linda
L. Raasch and Raasch Family Trust, U.D.T. May 19, 1993
(b) The address of the principal business office is 521 Charcot Avenue,
San Jose, California 95131.
(c) Kenneth E. Raasch is the President, Chief Executive Officer and
Chairman of the Board of Issuer. Linda L. Raasch is the spouse of
Kenneth E. Raasch. Raasch Family Trust was established under
California law and trustees are Kenneth E. Raasch and Linda L.
Raasch.
(d) Neither Kenneth E. Raasch nor Linda L. Raasch have been convicted in
any criminal proceedings during the past five years.
(e) Neither Kenneth E. Raasch nor Linda L. Raasch have been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction during the past five years.
(f) USA
ITEM 3: Since filing Amendment No. 2 to Schedule 13D on November 18,
1996, the Raasch Family Trust purchased an aggregate of 5,000 shares
of the Issuer's Common Stock for a total consideration of $12,500 or
$2.50 per share.
ITEM 4: The transaction described in item 3 was for investment purposes.
ITEM 5: (a) The aggregate number of shares of Common Stock beneficially,
directly or indirectly, owned by the Raasch Family Trust is
3,622,358, which represents 36.0% of the shares of Issuer's Common
Stock outstanding.
(b) Kenneth E. Raasch has:
15,000 shares as to which he has sole power to vote or to direct the
vote 0 shares as to which he has shared power to vote or to direct
the vote 15,000 share as to which he has sole power to dispose or to
direct the disposition 0 shares as to which he has shared power to
dispose or to direct the disposition
Linda L. Raasch has:
165,517 shares as to which she has sole power to vote or to direct
the vote 0 shares as to which she has shared power to vote or to
direct the vote 165,517 share as to which she has sole power to
dispose or to direct the disposition 0 shares as to which she has
shared power to dispose or to direct the disposition
Raasch Family Trust, U.D.T. May 19, 1993 has:
3,622,358 shares as to which it has sole power to vote or to direct
the vote 0 shares as to which it has shared power to vote or to
direct the vote 3,622,358 share as to which it has sole power to
dispose or to direct the disposition 0 shares as to which it has
shared power to dispose or to direct the disposition
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(c) On November 18, 1996 the Raasch Family Trust purchased an aggregate
of 5,000 shares of the Issuer's Common Stock on the Nasdaq National
Market for a total consideration of $12,500 or $2.50 per share.
(d) Not applicable
(e) Not applicable
ITEM 6: Kenneth E. Raasch and Linda L. Raasch are married and residents
of the State of California, which is a community property state.
ITEM 7: Joint Filing Agreement dated December 9, 1996
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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.
December 9, 1996
/s/ Kenneth E. Raasch
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Kenneth E. Raasch
/s/ Linda L. Raasch
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Linda L. Raasch
/s/ Raasch Family Trust
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Raasch Family Trust, U.D.T. May 19, 1993
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JOINT FILING AGREEMENT
In accordance with Rule 13s-1(f) of the Securities Exchange Act of 1934,
as amended, the undersigned agree to the joint filing on behalf of each of them
a Statement on Schedule 13D (including any and all amendments thereto) with
respect to the Common Stock of Media Arts Group, Inc. and further agree that
this Agreement shall be included as an Exhibit to such joint filings.
The undersigned further agrees that each party hereto is responsible for
timely filing of such Statement on Schedule 13D and any amendments thereto, and
for the completeness and accuracy of the information concerning such party
contained therein, provided that no party is responsible for the completeness
and accuracy of the information concerning the other party, unless such party
knows or has reason to believe that such information is inaccurate.
This Agreement may be executed in one or more counterparts, each of which
shall be deemed to be an original instrument, but all of such counterparts
together shall constitute but one agreement.
In evidence thereof the undersigned, being duly authorized, hereby execute
this Agreement this 9th day of December, 1996.
/s/ Kenneth E. Raasch
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Kenneth E. Raasch
/s/ Linda L. Raasch
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Linda L. Raasch
/s/ Raasch Family Trust
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Raasch Family Trust, U.D.T. May 19, 1993
