SPEEDFAM INTERNATIONAL INC
SC 13G, 1999-02-11
SPECIAL INDUSTRY MACHINERY, NEC
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<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                (AMENDMENT NO. )*




                          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>   2
- ----------------------                                    ----------------------
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 OF 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                    1,197,905
                        --------------------------------------------------------
        SHARES          6     SHARED VOTING POWER

     BENEFICIALLY                   - 0-
                        --------------------------------------------------------
       OWNED BY         7     SOLE DISPOSITIVE POWER

         EACH                       1,197,905
                        --------------------------------------------------------
       REPORTING        8     SHARED DISPOSITIVE POWER

        PERSON                      - 0 -

         WITH
- --------------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            1,197,905
- --------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                        [ X ]
- --------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                7.4%
- --------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON*

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

                      *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>   3
ITEM 1.

   (a)   Name of Issuer

            SPEEDFAM INTERNATIONAL, INC.

   (b)   Address of Issuer's Principal Executive Offices

            305 N. 54th Street
            Chandler, AZ  85226

ITEM 2.

   (a)   Name of Person Filing

            James N. Farley

   (b)   Address of Issuer's Principal Executive Office or, if none, Residence

            305 N. 54th Street
            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, 1998

   (a)   Amount Beneficially Owned

            1,197,905

   (b)   Percent of Class

            7.4%

   (c)   Number of shares as to which such person has: (i) sole power to vote or
         to direct the vote

                  1,197,905*

         (ii) shared power to vote or to direct the vote

                  None

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

                  1,197,905*

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

                  None

   *Excludes (i) 99,720 shares beneficially owned by the James N. and
   Nancy J. Farley Foundation, a trust of which Mr. Farley acts as sole
   trustee (ii) 1,181,960 shares beneficially owned by Nancy J. Farley
   (Mr. Farley's spouse), (iii) 691,380 shares beneficially owned by
   the Makota Kouzuma Trust, a revocable trust, of which Mr. Farley
   serves as co-trustee, and (iv) 137,380 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 (ii) through (iv) above.
<PAGE>   4
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.



                                                  February 9, 1999
                                    -------------------------------------------
                                                      Date


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


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




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