SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 (d) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. 3)
Oakley, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
673662 10 2
(CUSIP Number)
---------------
CUSIP No. 673662 10 2 SCHEDULE 13G
- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Michael Parnell, as trustee of the M. and M. Parnell Revocable Trust
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Group membership is acknowledged for purposes of (a) |_|
making a group filing pursuant to Rule 13d-1(k)(1) only (b) |X|
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ---------------------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER 3,840,000 shares held by
REPORTING the M. and M. Parnell Revocable Trust, for
PERSON which Michael Parnell and Melissa Parnell each
WITH serve as Trustee.
---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER 3,840,000 shares held by
the M. and M. Parnell Revocable Trust, for which
Michael Parnell and Melissa Parnell each serve as
Trustee.
- -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,000 shares held by the M. and M. Parnell Revocable Trust,
for which Michael Parnell and Melissa Parnell each serve as Trustee.
- -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Approximately 5.4%
- -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
CUSIP No. 673662 10 2 SCHEDULE 13G
- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Melissa Parnell, as trustee of the M. and M. Parnell Revocable Trust
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Group membership is acknowledged for purposes of (a) |_|
making a group filing pursuant to Rule 13d-1(k)(1) only (b) |X|
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ---------------------------------------------------------
OWNED BY
EACH 6 SHARED VOTING POWER 3,840,000 shares held by
REPORTING the M. and M. Parnell Revocable Trust, for
PERSON which Michael Parnell and Melissa Parnell each
WITH serve as Trustee.
---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER 3,840,000 shares held
by the M. and M. Parnell Revocable Trust, for which
Michael Parnell and Melissa Parnell each serve as
Trustee.
- -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,000 shares held by the M. and M. Parnell Revocable Trust,
for which Michael Parnell and Melissa Parnell each serve as Trustee.
- -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Approximately 5.4%
- -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
CUSIP No. 673662 10 2 SCHEDULE 13G
- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
M. and M. Parnell Revocable Trust
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
Group membership is acknowledged for purposes of (b) |X|
making a group filing pursuant to Rule 13d-1(k)(1) only
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- -----------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER 3,840,000 shares held by
SHARES the M. and M. Parnell Revocable Trust, for
BENEFICIALLY which Michael Parnell and Melissa Parnell each
OWNED BY serve as Trustee.
EACH ---------------------------------------------------------
REPORTING
PERSON 6 SHARED VOTING POWER
WITH -0-
---------------------------------------------------------
7 SOLE DISPOSITIVE POWER 3,840,000 shares held
by the M. and M. Parnell Revocable Trust, for
which Michael Parnell and Melissa Parnell each
serve as Trustee.
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,000 shares held by the M. and M. Parnell Revocable Trust,
for which Michael Parnell and Melissa Parnell each serve as Trustee.
- -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Approximately 5.4%
- -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
CUSIP No. 673662 10 2 SCHEDULE 13G
- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Michael Parnell
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
Group membership is acknowledged for purposes of (b) |X|
making a group filing pursuant to Rule 13d-1(k)(1) only
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 77,218
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING ---------------------------------------------------------
PERSON
WITH 7 SOLE DISPOSITIVE POWER
77,218
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,917,218 shares of which 3,840,000 are held by the M. and
M. Parnell Revocable Trust and 77,218 shares are represented by
options held by Mr. Parnell
- -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Approximately 5.5%
- -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
CUSIP No. 673662 10 2 SCHEDULE 13G
- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Melissa Parnell
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
Group membership is acknowledged for purposes of (b) |X|
making a group filing pursuant to Rule 13d-1(k)(1) only
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY ---------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING ---------------------------------------------------------
PERSON
WITH 7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,840,000 shares held by the M. and M. Parnell Revocable Trust.
- -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Approximately 5.4%
- -----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
SCHEDULE 13G
This Amendment No. 3 (the "Amendment No. 3") amends and
restates Amendment No. 2, filed February 13, 1998, and Amendment No. 1,
filed February 11, 1997, to the Statement on Schedule 13G, filed February
14, 1996 (the "Schedule 13G"), relating to shares of the common stock, $.01
par value per share (the "Shares"), of Oakley, Inc., a Washington
corporation (the "Company"). Pursuant to Rule 13d-2 of Regulation 13D-G
promulgated under the Securities Exchange Act of 1934, as amended, the
undersigned hereby file this Amendment No. 3 on behalf of the M. and M.
Parnell Revocable Trust, a trust organized under the laws of the state of
California (the "Trust"), and on behalf of Michael and Melissa Parnell, who
are individuals and trustees of the Trust (the "Trustees"). The foregoing
Trust, Trustees and individuals are sometimes hereinafter referred to as
the "Reporting Persons."
Item 1(a). Name of Issuer:
Oakley, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
Oakley, Inc.
One Icon
Foothill Ranch, California 92610
Item 2(a). Name of Person Filing:
Michael Parnell, as trustee and individual
Melissa Parnell, as trustee and individual
M. and M. Parnell Revocable Trust
Item 2(b). Address of Principal Business Office, or, if None, Residence:
The address of principal business or office of each of the
Reporting Persons is:
Oakley, Inc.
One Icon
Foothill Ranch, California 92610
Item 2(c). Citizenship:
Each of Michael and Melissa Parnell is a United States Citizen.
The M. and M. Revocable Trust is organized under the laws of the state of
California.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share.
Item 2(e). CUSIP Number:
CUSIP No: 673662 10 2
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
Not Applicable
Item 4. Ownership.
(a) 3,840,000 shares (the "Shares") are held by the M. and M.
Parnell Revocable Trust; Michael Parnell and Melissa Parnell
each serve as Trustee of the Trust and would become the
beneficiaries of the Shares if the Trust were revoked. In
addition, Michael Parnell has the right to exercise options to
acquire 77,218 shares of Common Stock (the "Options") which
Options are currently vested and thus beneficially owned by
Michael Parnell.
(b) Approximately 5.4% (approximately 5.5% after giving effect to
Michael Parnell's vested stock options).
(c) As Trustees of the Trust, Michael and Melissa Parnell share the
power to vote or to direct the vote of the Shares, and share
the power to dispose or to direct the disposition of the
Shares. The Trust has the sole power to vote or to direct the
vote of the Shares, and has sole power to dispose of or direct
the disposition of the Shares. Michael Parnell has the sole
voting and dispositive power to exercise the Options.
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.
Not Applicable
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.
Attached hereto as Exhibit 1 is a copy of a joint filing
agreement among the persons filing this Amendment No. 3
pursuant to Rule 13d-1(d) which includes the identity of each
member of the group.
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
February 8, 1999
----------------------------------
Date
/s/ Michael Parnell
----------------------------------
Michael Parnell
(Individually and as Trustee)
/s/ Melissa Parnell
----------------------------------
Melissa Parnell
(Individually and as Trustee)
M. & M. PARNELL REVOCABLE TRUST
By: /s/ Michael Parnell
-----------------------------
Michael Parnell,
Trustee
/s/ Melissa Parnell
-----------------------------
Melissa Parnell,
Trustee
EXHIBIT INDEX
Exhibit
Number Title Page
1 Joint Filing Agreement among the 12
Reporting Persons pursuant to
Rule 13d-1(k)(1).
EXHIBIT 1
JOINT FILING AGREEMENT
Agreement among the M. and M. Parnell Revocable Trust, Michael
Parnell (individually and as trustee), and Melissa Parnell (individually
and as trustee).
WHEREAS, each of the parties hereto desires in accordance with
Rule 13d-1(k) under the Securities Exchange Act of 1934 to make a joint
filing on Schedule 13G with respect to the beneficial ownership by the
undersigned of common stock of Oakley, Inc., a Washington corporation.
NOW, THEREFORE, the undersigned agree to the joint filing on
behalf of each of them of a statement on Schedule 13G with respect to the
beneficial ownership of the undersigned of shares of common stock of
Oakley, Inc. and further agrees that this Joint Filing Agreement be
included as an exhibit to such joint filing provided that, as contemplated
by Section 13d-1(k)(1)(ii), no person shall be responsible for the
completeness or accuracy of the information concerning the other persons
making the filing, unless such person knows or has reason to believe that
such information is inaccurate.
IN WITNESS WHEREOF, the undersigned have executed this
agreement as of the date set forth below.
February 8, 1999
----------------------------------
Date
/s/ Michael Parnell
----------------------------------
Michael Parnell
(Individually and as Trustee)
/s/ Melissa Parnell
----------------------------------
Melissa Parnell
(Individually and as Trustee)
M. & M. PARNELL REVOCABLE TRUST
By: /s/ Michael Parnell
-----------------------------
Michael Parnell,
Trustee
/s/ Melissa Parnell
-----------------------------
Melissa Parnell,
Trustee
