SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
ACCOM, INC.
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(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
004334108
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(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
disclosures provided in a prior cover page.
The information required on 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 1 of 8 pages
<PAGE>
<TABLE>
<S> <C> <C>
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CUSIP No. 004334108 13G Page 2 of 8 Pages
--------------------------------- ----------- ------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE SHEIKH REVOCABLE TRUST UNDER AGREEMENT DATED JUNE 4, 1986
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA, U.S.A.
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5 SOLE VOTING POWER
934,333 shares of which Julie I. Sheikh and Junaid Sheikh are the sole Trustees and may be deemed
to have shared voting power to vote
NUMBER OF ------------------------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY See response to Row 5
EACH ------------------------------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 934,333 shares of which Julie I. Sheikh and Junaid Sheikh are the sole Trustees and may be deemed
to have shared voting power to vote
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8 SHARED DISPOSITIVE POWER
See response to Row 7
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
934,333
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.2%
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12 TYPE OF REPORTING PERSON*
OO
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<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
Page 2 of 8 pages
<PAGE>
<TABLE>
<S> <C> <C>
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CUSIP No. 004334108 13G Page 3 of 8 Pages
--------------------------------- ----------- -----------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JULIE I. SHEIKH
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
0 SHARES
NUMBER OF ------------------------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 934,333 SHARES HELD DIRECTLY BY THE SHEIKH REVOCABLE TRUST OF WHICH JULIE I. SHEIKH
OWNED BY IS ONE OF THE SOLE TRUSTEES AND MAY BE DEEMED TO HAVE SHARED POWER TO VOTE
EACH ------------------------------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0 SHARES
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8 SHARED DISPOSITIVE POWER
934,333 SHARES HELD DIRECTLY BY THE SHEIKH REVOCABLE TRUST OF WHICH JULIE I. SHEIKH
IS ONE OF THE SOLE TRUSTEES AND MAY BE DEEMED TO HAVE SHARED DISPOSITIVE POWER OF THE SHARES
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
934,333
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.2%
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12 TYPE OF REPORTING PERSON*
IN
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<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
Page 3 of 8 pages
<PAGE>
<TABLE>
<S> <C> <C>
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CUSIP No. 004334108 13G Page 4 of 8 Pages
--------------------------------- ----------- ----------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JUNAID SHEIKH
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
87,286 SHARES ISSUABLE UPON EXERCISE OF OPTIONS, 33,953 SHARES OF WHICH ARE FULLY VESTED.
NUMBER OF ------------------------------------------------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 934,333 SHARES HELD DIRECTLY BY THE SHEIKH REVOCABLE TRUST OF WHICH JUNAID SHEIKH IS ONE OF THE SOLE
OWNED BY TRUSTEES AND MAY BE DEEMED TO HAVE SHARED POWER TO VOTE.
EACH ------------------------------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 87,286 SHARES ISSUABLE UPON EXERCISE OF OPTIONS, 33,953 SHARES OF WHICH ARE FULLY VESTED.
WITH
------------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
934,333 SHARES HELD DIRECTLY BY THE SHEIKH REVOCABLE TRUST OF WHICH JUNAID SHEIKH
IS ONE OF THE SOLE TRUSTEES AND MAY BE DEEMED TO HAVE SHARED DISPOSITIVE POWER OF THE SHARES.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,021,619
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
- ----------------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
15.5%
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12 TYPE OF REPORTING PERSON*
IN
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<FN>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</FN>
</TABLE>
Page 4 of 8 pages
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Item 1(a). Name of Issuer:
Accom, Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices:
1490 O'Brien Drive, Menlo Park, CA 94062
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Item 2(a). Name of Person Filing:
This statement is filed by Julie I. Sheikh, Junaid Sheikh and
the Sheikh Revocable Trust under Agreement dated June 4, 1986,
sometimes collectively referred to as the "Reporting Persons,"
or individually as the "Reporting Person".
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Item 2(b). Address of Principal Business Office or, if none, Residence:
same as 1(b)
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Item 2(c). Citizenship:
See Row 4 of cover page for each Reporting Person.
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Item 2(d). Title of Class of Securities:
Common Stock
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Item 2(e). CUSIP Number:
004334108
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Item 3.
Not Applicable.
Item 4. Ownership.
(a) Amount Beneficially Owned:
See Row 9 of cover page for each Reporting Person.
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(b) Percent of Class:
See Row 11 of cover page for each Reporting Person.
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
See Row 5 of cover page for each Reporting Person.
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(ii) shared power to vote or to direct the vote
See Row 6 of cover page for each Reporting Person.
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(iii) sole power to dispose or to direct the disposition of
See Row 7 of cover page for each Reporting Person.
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(iv) shared power to dispose or to direct the disposition of
See Row 8 of cover page for each Reporting Person.
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Item 5.
Not Applicable.
Item 6.
Not Applicable.
Page 5 of 8 Pages
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Item 7.
Not Applicable.
Item 8.
The Reporting Persons may be deemed a "group" for the purposes of
Section 13(d) and 13(g) of the Act and the rules thereunder, although each
expressly disclaims any assertion or presumption that it or the other persons on
whose behalf this statement is filed constitutes a "group". The filing of this
statement should not be construed to be an admission that any of the Reporting
Persons is a member of a "group" consisting of one or more persons.
Item 9.
Not Applicable.
Item 10. Certification.
The following certification shall be included if the statement is filed
pursuant to Rule 13d-1(b):
"By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect."
Page 6 of 8 Pages
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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.
Dated: January 28, 1997
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/S/ JULIE I. SHEIKH
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Julie I. Sheikh
/S/ JUNAID SHEIKH
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Junaid Sheikh
THE SHEIKH REVOCABLE TRUST UNDER
AGREEMENT DATED JUNE 4, 1986
By /S/ JUNAID SHEIKH
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Title TRUSTEE
Page 7 of 8 Pages
<PAGE>
Exhibit 1
AGREEMENT RELATING TO JOINT FILING
OF SCHEDULE 13G
The undersigned hereby agree that a single Schedule 13G (or any
amendment thereto) relating to the Common Stock of Accom, Inc. shall be filed on
behalf of each of the undersigned and that this Agreement shall be filed as an
exhibit to such Schedule 13G.
Dated: January 28, 1997
/S/ JULIE I. SHEIKH
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Julie I. Sheikh
/S/ JUNAID SHEIKH
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Junaid Sheikh
THE SHEIKH REVOCABLE TRUST UNDER
AGREEMENT DATED JUNE 4, 1986
By /S/ JUNAID SHEIKH
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Title TRUSTEE
Page 8 of 8 Pages
