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. 4)
OAKLEY, INC.
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(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(TITLE OF CLASS OF SECURITIES)
673662 10 2
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(CUSIP Number)
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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* (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
- -----------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 3,840,000 shares held by the M. and
OWNED BY M. Parnell Revocable Trust, for which
EACH Michael Parnell and Melissa Parnell
REPORTING each serve as Trustee.
PERSON ------------------------------------------------
WITH 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* (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
- -----------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES 3,840,000 shares held by the M. and
BENEFICIALLY M. Parnell Revocable Trust, for which
OWNED BY Michael Parnell and Melissa Parnell
EACH each serve as Trustee.
REPORTING ------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH -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
- -----------------------------------------------------------------------------
5 SOLE VOTING POWER
3,840,000 shares held by the M. and
M. Parnell Revocable Trust, for which
NUMBER OF Michael Parnell and Melissa Parnell
SHARES each serve as Trustee.
BENEFICIALLY ------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH -0-
REPORTING ------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 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
- -----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 106,583
SHARES ------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH ------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 106,583
WITH ------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,946,583 shares of which 3,840,000 are held by the M. and M. Parnell
Revocable Trust and 106,583 shares are represented by options held by
Mr. Parnell which had vested at December 31, 1999
- -----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
- -----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Approximately 5.6%
- -----------------------------------------------------------------------------
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
- -----------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0-
SHARES ------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
EACH ------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON -0-
WITH ------------------------------------------------
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. 4 (the "Amendment No. 4") amends and
restates Amendment No. 3, filed February 11, 1999, 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
"Common Stock"), 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. 4 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."
Unless otherwise indicated, each capitalized term used but not
otherwise defined herein shall have the meaning assigned to such term in
the Schedule 13G.
ITEM 4. OWNERSHIP.
Item 4 is hereby amended and supplemented as follows:
(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 106,583 shares of Common Stock (the "Options") which
Options had vested at December 31, 1999, and thus are
beneficially owned by Michael Parnell.
(b) Approximately 5.4% (approximately 5.6% after giving effect to
Michael Parnell's vested stock options). Percentage ownership
of the Common Stock is based on the number of outstanding
shares of Common Stock as reported in the Company's Form 10-Q
for the quarter ended September 30, 1999.
(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 with respect to the Options and
the Shares issuable upon exercise thereof.
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 3, 2000
-------------------------------------
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 Reporting Persons 10
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
