<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
NetVantage, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Class A Common Stock.
- --------------------------------------------------------------------------------
(Title of Class of Securities)
641200104
---------
(CUSIP Number)
NetVantage, Inc., 201 Continental Boulevard, Suite 201, El Segundo, CA 90245
------------------------------------------------------------------------------
(310) 726-4130
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 28, 1997
------------------------------------------------------
(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 (S)(S)240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [_].
Check the following box if a fee is paid with the statement [_].
- ------------------
* 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).
<PAGE>
SCHEDULE 13D
- ----------------------- ---------------------
CUSIP NO. 641200104 PAGE 2 OF 4 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SEIJI UEHARA
NONE
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00-Shares of a Japanese Company previously held by the Reporting Person
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Japanese
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
854,993
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
None
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 854,993
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
None
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
854,993
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
8.553
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
Individual
- ------------------------------------------------------------------------------
*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.
2
<PAGE>
ITEM 1. SECURITY AND ISSUER
Class A Common Stock
NetVantage, Inc.
201 Continental Boulevard, Suite 201
El Segundo, CA 90245
ITEM 2. IDENTITY AND BACKGROUND
(a) Name; Seiji Uehara
(b) Residence or Business Address; 4-22-106 Chiyogaoka, Asao-ku,
Kawasaki, Yokohama, 215, Japan
(c) Present principal occupation or employment and name, principal
business and address of any corporation or other organization in which such
employment is conducted; President of Telecom Device K.K., 4F, Sanmiyanaga
Building, 5-12 Motoakasaka 1-chome, Minato-ku, Tokyo, 107, Japan.
(d) Provide details of any criminal convictions, if none so state;
None
(e) Provide details of any civil proceedings, if none so state; None
(f) Citizenship; Japanese
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Mr. Uehara provided 5,524 shares of the Common Stock of Nextcomm K.K., a
Japanese corporation, with a value of $2,671,851.56, in exchange for
341,997 shares of Class A Common Stock of NetVantage, Inc. and various
other consideration.
ITEM 4. PURPOSE OF TRANSACTION
Personal Investment
ITEM 5. INTEREST IN SECURITIES OF ISSUER
(a) 854,993 shares of Class A Common Stock, 8.553 percent of class.
(b) Mr. Seiji Uehara has sole voting and dispositive power over
854,993 shares of Class A Common Stock.
(c) Mr. Seiji Uehara received 341,997 shares of Class A Common Stock
of NetVantage, Inc. from Mr. Isao Okawa on March 28, 1997, at a price of
3
<PAGE>
$7.8125 per share, and various other consideration, in exchange for 5,524
shares of Common Stock of Nextcomm K.K., a Japanese corporation. The
transaction was effected in Japan.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
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.
Jan. 30, 1998 /s/ Seiji Uehara
_______________________ _______________________________
Date Signature
Seiji Uehara
_______________________________
Name/Title
4
