UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13-1(e), 240.13d-(f) or 240.13d-1(g), check the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7(b) for other parties to whom copies are to be sent.
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).
SCHEDULE 13D/A
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CUSIP NO. 461148-AA6 PAGE 2 OF 10 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
H. J. Smead I.R.S. Identification No.: 000-00-0000
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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 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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7 SOLE VOTING POWER
5,615,183
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NUMBER OF 8 SHARED VOTING POWER
SHARES N/A
BENEFICIALLY ---------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 5,615,183
REPORTING ---------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
N/A
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,615,183
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.96%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D/A
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CUSIP NO. 461148-AA6 PAGE 3 OF 10 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward Durbin I.R.S. Identification No.: 000-00-0000
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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 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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7 SOLE VOTING POWER
5,602,000
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NUMBER OF 8 SHARED VOTING POWER
SHARES N/A
BENEFICIALLY ---------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 5,602,000
REPORTING ---------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
N/A
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,602,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.85%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D/A
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CUSIP NO. 461148-AA6 PAGE 4 OF 10 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Foster City LLC I.R.S. Identification No.: 94-3258451
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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 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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7 SOLE VOTING POWER
5,600,000
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NUMBER OF 8 SHARED VOTING POWER
SHARES N/A
BENEFICIALLY ---------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 5,600,000
REPORTING ---------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
N/A
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,600,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.83%
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14 TYPE OF REPORTING PERSON*
[IC]
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D/A
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CUSIP NO. 461148-AA6 PAGE 5 OF 10 PAGES
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ITEM 1. SECURITY AND ISSUER.
This statement on Schedule 13D (this "Statement") relates to the
Common Stock of Intevac, Inc., a California corporation
("Intevac" or "Issuer"). The principal executive offices of
Intevac are located at 3550 Bassett Street, Santa Clara,
California 95954.
ITEM 2 IDENTITY AND BACKGROUND.
The name of the corporation filing this statement is Foster City
LLC, a California limited liability company ("Foster City").
Foster City is a holding company for various investments. The
address of Foster City's principal business is 950 Tower Lane,
Suite 800, Foster City, CA 94404. The address of Foster City's
executive offices is the same as the address of its principal
business.
Doctor H. J. Smead and Edward Durbin are each managing
members of Foster City. H. J. Smead and Edward Durbin's
principal employment is with Kaiser Aerospace &
Electronics Corporation ("Kaiser"), a Nevada
Corporation. The address of Kaiser's executive offices
is 950 Tower Lane, Suite 800, Foster City, California
94404.
Neither Foster City, nor to Foster City's knowledge, Doctor H.J.
Smead or Edward Durbin is required to disclose legal proceedings
pursuant to Items 2(d) or 2(e). To Foster City's knowledge,
Doctor H.J. Smead and Edward Durbin are each citizens of the
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of funds used is pursuant to a Promissory
Note dated as of December 1, 1999 (the "Note") attached hereto as
Exhibit A, by and between Foster City and Kaiser.
References to the Note as set forth herein are qualified in
their entirety by reference to the Note, and are incorporated
herein in their entirety where such references and descriptions
appear.
ITEM 4. PURPOSE OF TRANSACTION.
(a) - (b) The purpose of the transaction is to enable Kaiser to
concentrate on its core business and divest its non-core business
assets.
(c) Not applicable.
(d) Not applicable.
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SCHEDULE 13D/A
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CUSIP NO. 461148-AA6 PAGE 6 OF 10 PAGES
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(e) Not applicable.
(f) Not applicable.
(g) Not applicable.
(h) Not applicable.
(i) Not applicable.
(j) Other than described above, Foster City currently has no plan
or proposals which relate to, or may result in, any of the
matters listed in Items 4(a) - (j) of Schedule 13D (although
Foster City reserves the right to develop such plans).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
As set forth below opposite each Intevac Shareholder's name is
the number of Intevac Common Shares beneficially owned by such
Intevac Shareholder as of December 1, 1999.
Number of Shares of Common Stock
Individual Beneficially Owned
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H. J. Smead 5,615,183
Edward Durbin 5,602,000
Foster City LLC 5,600,000
(a) H. J. Smead may be deemed to be the beneficial owner of at
least 5,615,183 shares of Intevac Common Stock. Such Intevac
Common Stock constitutes approximately 47.96% of the issued and
outstanding shares of Intevac Common Stock based on the number of
shares of Intevac Common Stock outstanding as of September 25,
1999.
Edward Durbin may be deemed to be the beneficial owner of at
least 5,602,000 shares of Intevac Common Stock. Such Intevac
Common Stock constitutes approximately 47.85% of the issued and
outstanding shares of Intevac Common Stock based on the number of
shares of Intevac Common Stock outstanding as of September 25,
1999.
Foster City LLC may be deemed to be the beneficial
owner of at least 5,600,000 shares of Intevac Common
Stock. Such Intevac Common Stock constitutes
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SCHEDULE 13D/A
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CUSIP NO. 461148-AA6 PAGE 7 OF 10 PAGES
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approximately 47.83%of the issued and outstanding shares of
Intevac Common Stock based on the number of shares of Intevac
Common Stock outstanding as of September 25, 1999.
(b) H. J. Smead will have the sole power to vote, and the sole
power to dispose of, that number of shares equal to 47.96% of
the then outstanding shares of Intevac Common Stock, which,
based upon the 11,708,525 shares of Intevac Common Stock
outstanding as of September 25, 1999, currently equals 5,615,183
shares of Intevac Common Stock.
Edward Durbin will have the sole power to vote, and the sole
power to dispose of, that number of shares equal to 47.85% of
the then outstanding shares of Intevac Common Stock, which,
based upon the 11,708,525 shares of Intevac Common Stock
outstanding as of September 25, 1999, currently equals 5,602,000
shares of Intevac Common Stock
Foster City LLC will have the sole power to vote, and the
sole power to dispose of, that number of shares equal to 47.83%
of the then outstanding shares of Intevac Common Stock, which,
based upon the 11,708,525 shares of Intevac Common Stock
outstanding as of September 25, 1999, currently equals 5,600,000
shares of Intevac Common Stock.
(c) To the knowledge of Foster City, no transactions in the
class of securities reported have been effected during the past
sixty days by any person named pursuant to Item 2.
(d) To the knowledge of Foster City, only the Directors of
Intevac have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the
securities of Intevac reported on herein. Such directors include
Norman H. Pond, Robert D. Hempstead, Edward Durbin, David N.
Lambeth and H. J. Smead.
(e) N/A.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
Other than the Stock Purchase Agreement and the exhibits
thereto, attached hereto as Exhibit B, to the knowledge of
Foster City, there are no contracts, arrangements,
understandings or relationships among the persons named in Item
2 and between such persons and any person with respect to any
securities of Foster City, including but not limited to transfer
or voting of any of the securities, finder's fees, joint
ventures, loan
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SCHEDULE 13D/A
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CUSIP NO. 461148-AA6 PAGE 8 OF 10 PAGES
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or option arrangement, puts or calls, guarantees of profits,
division of profits or loss, or the giving or withholding of
proxies.
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SCHEDULE 13D/A
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CUSIP NO. 461148-AA6 PAGE 9 OF 10 PAGES
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ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
The following documents are filed as exhibits:
A Promissory Note, dated December 1, 1999 between Kaiser and
Foster City.
B. Stock Purchase Agreement dated December 1, 1999 between
Kaiser and Foster City.
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SCHEDULE 13D/A
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CUSIP NO. 461148-AA6 PAGE 10 OF 10 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: December 1, 1999
H. J. SMEAD EDWARD DURBIN
By: /s/ H. J. Smead By: /s/ Edward Durbin
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H.J. Smead, Managing Partner Edward Durbin, Managing Partner
FOSTER CITY LLC
By: /s/ H. J. Smead
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H.J. Smead, Managing Partner
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EXHIBIT INDEX*
EXHIBIT
NO. DESCRIPTION
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1 Promissory Note, dated November 30, 1999 between Kaiser and Foster
City.
2 Stock Purchase Agreement dated November 30, 1999 between Kaiser
and Foster City.
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* Exhibit Numbers 1 and 2 are hereby incorporated by reference to the Schedule
13D filed 12/10/99.