<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
MEDIA ARTS GROUP, INC.
--------------------------------------------------------
(Name of Issuer)
COMMON STOCK
--------------------------------------------------------
(Title of Class of Securities)
58439 C 10 2
--------------------------------------------------------
(CUSIP Number)
JAMES F. LANDRUM, JR.
333 W. Santa Clara St., #606, San Jose, CA 95113
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 11, 2000
--------------------------------------------------------
(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 / /.
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).
(Continued on following page(s))
Page 1 of 10 Pages
<PAGE>
CUSIP No. 58439 C 10 2 13D Page 2 of 10 Pages
------------ --- ----
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Kenneth E. Raasch
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /X/
of a Group (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds N/A
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) N/A
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization United States of America
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 15,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 0
--------------------------------------------------
(9) Sole Dispositive
Power 15,000
--------------------------------------------------
(10) Shared Dispositive 0
Power
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
15,000 (individually) 3,552,208 (as a group)
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* N/A
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 27.3%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person IN
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 58439 C 10 2 13D Page 3 of 10 Pages
--------- --- ----
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Linda L. Raasch
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /X/
of a Group (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds N/A
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) N/A
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization United States of America
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 165,517
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 0
--------------------------------------------------
(9) Sole Dispositive
Power 165,517
--------------------------------------------------
(10) Shared Dispositive
Power 0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
165,517 (individually) 3,552,208 (as a group)
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* N/A
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 27.3%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person IN
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 58439 C 10 2 13D Page 4 of 10 Pages
--------- --- ----
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Raasch Family Trust, U.D.T. May 19, 1993
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) /X/
of a Group (b) / /
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds N/A
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) N/A
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Trust formed under California Law
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 3,371,691
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 0
--------------------------------------------------
(9) Sole Dispositive
Power 3,371,691
--------------------------------------------------
(10) Shared Dispositive
Power 0
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
3,371,691 (individually) 3,552,208 (as a group)
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares* N/A
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11) 27.3%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person 00 -- Trust
- -------------------------------------------------------------------------------
<PAGE>
ITEM 1. SECURITY AND ISSUER
Item 1 to Schedule 13D is hereby amended and restated in its entirety
as follows:
This statement relates to shares of Common Stock par value of $0.01 per
share, of Media Arts Group, Inc., a Delaware Corporation (the
"Issuer"). The address of Issuer's principal executive offices is 521
Charcot Avenue, San Jose, California 95131.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 to Schedule 13D is hereby amended and restated in its entirety
as follows:
(a) The names of the persons filing are Kenneth E. Raasch, Linda L.
Raasch and Raasch Family Trust, U.D.T. May 19, 1993 (collectively,
the "Reporting Persons").
(b) The address of the principal business office of each Reporting
Person is 521 Charcot Avenue, San Jose, California 95131.
(c) Kenneth E. Raasch is the Chairman of the Board of Directors of the
Issuer. Linda L. Raasch is a homemaker and the spouse of Kenneth
E. Raasch. The Raasch Family Trust was established under
California Law and its trustees and beneficiaries are Kenneth E.
Raasch and Linda L. Raasch.
(d) None of the Reporting Persons has been convicted in any criminal
proceedings during the past five (5) years.
(e) None of the Reporting Persons has been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction during the past five (5) years.
(f) Kenneth E. Raasch and Linda L. Raasch are United States citizens.
The Raasch Family Trust is established under California Law.
<PAGE>
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
N/A
ITEM 4. PURPOSE OF TRANSACTION
On February 11, 2000, the Reporting Persons sold 100,000 shares at a
price of $7.25. This sale resulted in the disposition by the Reporting
Persons of less than 1% of the Issuer's outstanding Common Stock.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 to Schedule 13D is hereby amended, in pertinent part, as
follows:
(a) (i) The aggregate number of shares of Common Stock beneficially
owned by Kenneth E. Raasch is 15,000 (stock options which are
immediately exercisable), which represents 0.1%of the
Issuer's outstanding Common Stock.
(ii) The aggregate number of shares of Common Stock beneficially
owned by Linda L. Raasch is 165,517 (which may be acquired
through the conversion of a promissory note), and represent
1.3% of the Issuer's outstanding Common Stock.
(iii) The aggregate number of shares of Common Stock beneficially
owned by the Raasch Family Trust is 3,371,691, which
represents 25.9% of the Issuer's outstanding Common Stock.
(iv) The aggregate number of shares of Common Stock beneficially,
directly or indirectly, jointly owned by the Reporting
Persons as a group is 3,552,208, which represents 27.3% of
the Issuer's outstanding Common Stock.
<PAGE>
(b) (i) Kenneth E. Raasch has:
1) 15,000 shares as to which he has sole power to vote
or to direct the vote
2) 0 shares as to which he has shared power to vote or
to direct the vote
3) 15,000 shares as to which he has sole power to
dispose or to direct the disposition
4) 0 shares as to which he has shared power to dispose
or to direct the disposition
(ii) Linda L. Raasch has:
1) 165,517 shares as to which she has sole power to
vote or to direct the vote
2) 0 shares as to which she has shared power to vote
or to direct the vote
3) 165,517 shares as to which she has sole power to
dispose or to direct the disposition
4) 0 shares as to which she has shared power to
dispose or to direct the disposition
(iii) Raasch Family Trust has:
1) 3,371,691 shares as to which it has sole power to
vote or to direct the vote
2) 0 shares as to which it has shared power to vote or
to direct the vote
3) 3,371,691 shares as to which it has sole power to
dispose or to direct the disposition
4) 0 shares as to which it has shared power to dispose
or to direct the disposition
(c) Except as set forth in Item 4,to the best knowledge of the
Reporting Persons, within the past 60 days, none of the
Reporting Persons has engaged in any transaction of the
Issuer's Common Stock.
(d) Not applicable.
(e) Not applicable.
<PAGE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1. Joint Filing Agreement dated December 9, 1996
by and between Kenneth E. Raasch and Linda L. Raasch
and the Raasch Family Trust, U.D.T. May 19, 1993, which
was filed as Exhibit 1 to Schedule 13D filed on
December 9, 1996 and is incorporated herein by
reference.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, each of
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
/s/ Kenneth E. Raasch February 18, 2000
- ---------------------------
/s/ Linda L. Raasch February 18, 2000
- ---------------------------
/s/ Kenneth E. Raasch and Linda L. Raasch, February 18, 2000
- -------------------------------------------
as Trustees of the Raasch Family Trust
- --------------------------------------------
Raasch Family Trust, U.D.T May 19, 1993
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Document
- ------------ ---------
<S> <C>
Exhibit 1. Joint Filing Agreement dated December 9, 1996 by
and between Kenneth E. Raasch and Linda L. Raasch and
the Raasch Family Trust, U.D.T. May 19 1993, which
was filed as Exhibit 1 to Schedule 13D filed on
December 9, 1996 and is incorporated herein by
reference.
</TABLE>
