SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

WICKERSHAM GROVER T

(Last)

(First)

(Middle)

29 COURTFIELD ROAD, FLAT 11

(Street)

LONDON, ENGLAND

SW7 4DA

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/19/2003

3. Issuer Name and Ticker or Trading Symbol
DIGITAL VIDEO SYSTEMS INC [ DVID ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	58,771	D
Common Stock	56,006	I	By limited partnership⁽¹⁾
Common Stock	39,300	I	By corporation⁽²⁾
Common Stock	77,142	I	By employee benefit plan⁽³⁾
Common Stock	2,500	I	By trust⁽⁴⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Warrants (right to buy)	01/03/2004	07/07/2004	Common Stock	38,571	$2.8	D
Warrants (right to buy)	01/03/2004	07/07/2004	Common Stock	19,478	$2.8	I	By limited partnership⁽¹⁾
Warrants (right to buy)	11/18/2003	11/18/2004	Common Stock	50,000	$1.65	I	By employee benefit plan⁽³⁾
Warrants (right to buy)	01/03/2004	07/07/2004	Common Stock	77,142	$2.8	I	By employee benefit plan⁽³⁾
Warrants (right to buy)	01/07/2004	07/07/2006	Units⁽⁵⁾	49,682⁽⁶⁾	$1.4	I	By corporation⁽⁷⁾
Warrants (right to buy)	09/03/2003	09/03/2007⁽⁸⁾	Common Stock	200,000	$1.75	I	By corporation⁽⁷⁾

Explanation of Responses:

1. Mr. Wickersham is one of two general partners of the Glenbrook Capital Limited Partnership but he has relinquished all voting and dispositive control over the issuer's securities to the corporate general partner. He also has a minority limited partnership interest. He disclaims beneficial ownership of all shares owned by the partnership except to the extent of his pecuniary interest.

2. Mr. Wickersham is the principal shareholder of Grover T. Wickersham, P.C., his law firm's professional corporation, and he has sole voting and dispositive power with respect to all of the shares owned by the corporation. He disclaims beneficial ownership of all shares owned by the professional corporation except to the extent of his pecuniary interest.

3. Mr. Wickersham is the trustee of his law firm's employee profit sharing plan and as such, has sole voting and dispositive power with respect to all of the shares owned by the plan. He disclaims beneficial ownership of all shares owned by the profit sharing plan except to the extent of his pecuniary interest.

4. Mr. Wickersham is the trustee of The Wickersham Children's Trust, a trust established for the benefit of his children, and as such, he has sole voting and dispositive power with respect to all of the shares owned by the Trust. He disclaims beneficial ownership of all the shares owned by the Trust.

5. Warrants are exercisable for units, each unit consisting of one share of Common Stock and one warrant to purchase one additional share of common stock. The underlying warrant is exercisable immediately upon issuance until July 7, 2006, at an exercise price of $2.80.

6. Warrants are exercisable for 49,682 units (see Note 5), but if the underlying warrants are exercisable in full, these warrants will result in the issuance of 99,364 shares of common stock.

7. Mr. Wickersham is the controlling stockholder of Glenbrook Capital Management. However, he is not an officer or director of the corporation, and he does not exercise any investment or voting control over any of the issuer's securities owned by the corporation. He disclaims beneficial ownership ownership of all of the shares owned by the corporation but has elected to report the corporation's holdings on this Form 3.

8. The warrant will terminate upon the earlier of the expiration date, a "change of control," as defined in the warrant, or the sale of all or substantially all of the assets of the issuer.

Remarks:

	Grover T. Wickersham	12/29/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.