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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
TERA COMPUTER COMPANY
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- -------------------------------------------------------------------------------
(Title of Class of Securities)
88076P-10-8
-----------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A
fee is not required only if the filing 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.)
*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 the disclosures provided in a prior cover page.
The information required in 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).
SEC 1745 (2-95) Page 1 of 4 pages
<PAGE>
13G
CUSIP No. 88076P-10-8 Page 2 of 4 Pages
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WBW TRUST NUMBER ONE
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
WASHINGTON, U.S.A.
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
----------------------------------------------------------------
314,801
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY n/a
OWNED BY ----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 314,801
WITH ----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
n/a
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
314,801
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.8%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95) Page 2 of 4 pages
<PAGE>
Schedule 13G
Item 1(a): Name of Issuer:
Tera Computer Company
Item 1(b): Address of Issuer's Principal Executive Offices:
2815 Eastlake Avenue East
Seattle, WA 98102
Item 2(a): Name of Person Filing:
WBW Trust Number One
Item 2(b): Address of Principal Business Office:
P.O. Box 1278
Tacoma, WA 98401
Item 2(c): Citizenship:
Washington, U.S.A.
Item 2(d): Title of Class of Securities:
Common Stock
Item 2(e): CUSIP Number:
88076P-10-8
Item 3: Type of Reporting Person:
Not applicable.
Item 4: Ownership:
As of December 31, 1996, the reporting person was the beneficial owner
of, and had the sole power to vote and to direct the disposition of,
278,501 shares of common stock and 30,000 warrants presently exercisable
into 36,300 shares of common stock. Upon exercise of such warrants, the
reporting person would beneficially own and have the sole power to vote and
to direct the disposition of 314,801 shares of common stock, or
approximately 4.8% of the outstanding shares of the Issuer's common stock.
SEC 1745 (2-95) Page 3 of 4 pages
<PAGE>
Item 5: Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following [ X ].
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:
Not applicable.
Item 9: Notice of Dissolution of Group:
Not applicable.
Item 10: Certification:
Not applicable.
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.
February 14, 1996
WBW Trust Number One
JAMES R. HANSON
------------------------------------------
By: James R. Hanson, Attorney-in-fact
SEC 1745 (2-95) Page 4 of 4 pages
