SPEEDFAM INTERNATIONAL INC
SC 13G/A, 1997-02-14
SPECIAL INDUSTRY MACHINERY, NEC
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<PAGE>
 




                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                                 SCHEDULE 13G



                   Under the Securities Exchange Act of 1934
                              (Amendment No. 1)*


                          SPEEDFAM INTERNATIONAL, INC.
                      ------------------------------------
                                (Name of Issuer)

                           COMMON STOCK, NO PAR VALUE       
                      ------------------------------------
                         (Title of Class of Securities)

                                   847706108
                                  -----------
                                 (CUSIP Number)


*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).

 



<PAGE>
 
 
- -----------------------                                  ---------------------
  CUSIP NO.  847706108              13G                    PAGE 2 OF 4 PAGES
- -----------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
 1    NAME OF REPORTING PERSON
      S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                                                                                
                                                                               
      James N. Farley     
- ------------------------------------------------------------------------------
 2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
 3    SEC USE ONLY
 
 

- ------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION
                                   

      U.S.A.
- ------------------------------------------------------------------------------
                     5     SOLE VOTING POWER
                                                                            
     NUMBER OF              2,464,880     
 
      SHARES       -----------------------------------------------------------
                     6    SHARED VOTING POWER
   BENEFICIALLY             
                            -0-     
     OWNED BY
                   -----------------------------------------------------------
       EACH          7    SOLE DISPOSITIVE POWER
                             
    REPORTING               2,464,880
 
      PERSON       -----------------------------------------------------------
                     8    SHARED DISPOSITIVE POWER
       WITH                  
                           -0-
- ------------------------------------------------------------------------------
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                             
       2,464,880
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10           
                                                                    [X]
 
- ------------------------------------------------------------------------------
11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
             
       23.1%                                                             

- ------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON*

      
       IN
- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>
 
Item 1
        (a)      Name of Issuer

                        SPEEDFAM INTERNATIONAL, INC.             

        (b)      Address of Issuer's Principal Executive Offices:

                        7406 West Detroit
                        Chandler, AZ  85226

Item 2. 
        (a)      Name of Person Filing:

                        James N. Farley
             
        (b)      Address of Principal Business Office:

                        7406 West Detroit
                        Chandler, AZ 85226

        (c)      Citizenship:

                        U.S.A     

        (d)      Title of Class of Securities:

                        Common Stock, no par value
             
        (e)      CUSIP Number:

                        847706108
     
Item 3.          Type of Reporting Person

                        Not Applicable

Item 4.          Ownership as of December 31, 1996

        (a)      Amount Beneficially Owned  

                        2,464,880

        (b)      Percent of Class

                        23.1%

        (c)     Number of shares as to which such person has:

                            (i)    Sole power to vote or to direct the vote
                                   2,464,880*

                            (ii)   Shared power to vote or to direct the vote
                                   None

                            (iii)  Sole power to dispose or to direct the 
                                   disposition of

                                   2,464,880*

                            (iv)   Shared power to dispose or to direct the 
                                   disposition of

                                   None

*Excludes (i) 1,129,195 shares beneficially owned by Nancy J. Farley (Mr. 
Farley's spouse), (ii) 762,780 shares beneficially owned by the Makota Kouzuma 
Trust, a revocable trust, of which Mr. Marley serves as co-trustee, and (iii) 
307,380 shares owned by the SpeedFam Employees Profit Sharing Trust, of which 
Mr. Farley serves as co-trustee.  Mr. Farley disclaims beneficial ownership of 
all shares referred to in (i) through (iii) above.
<PAGE>
 
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

                        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.


                                            2/14/97
                                   ---------------------------
                                             Date

                                   /s/ James N. Farley
                                   ---------------------------
                                             Signature

                                       James N. Farley
                                   ---------------------------
                                             Name


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