-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SKl19O53Ex582yVoSnj4G4cahVODG7U+k3PohNKXR+r9DWJxxPXzmpOzm7kIpmmj nz9Z64FOh5PCrQgFodeh0w== 0000897069-03-000203.txt : 20030214 0000897069-03-000203.hdr.sgml : 20030214 20030214131636 ACCESSION NUMBER: 0000897069-03-000203 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LIQUIDMETAL TECHNOLOGIES CENTRAL INDEX KEY: 0001141240 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] IRS NUMBER: 330264467 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78650 FILM NUMBER: 03565351 BUSINESS ADDRESS: STREET 1: 25800 COMMERCENTRE DRIVE STREET 2: SUITE 100 CITY: LAKE FOREST STATE: CA ZIP: 92630 BUSINESS PHONE: 800-511-3651 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KANG JOHN H CENTRAL INDEX KEY: 0001040095 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O MEDICAL MANAGER CORP STREET 2: 3001 N ROCKY POINT DR EAST STE 100 CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: 8132872990 MAIL ADDRESS: STREET 1: C/O MEDICAL MANAGER CORP STREET 2: 3001 N ROCKY POINT DR EAST STE 100 CITY: TAMPA STATE: FL ZIP: 33607 SC 13G 1 dkm264.txt SCHEDULE 13G FOR JOHN KANG F/Y/E 12/31/02 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. __)* Liquidmetal Technologies - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 53634X ------------------------------------------------------------------------ (CUSIP Number) December 31, 2002 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [_] Rule 13d-1(c) [X] Rule 13d-1(d) * 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). (Continued on following page(s)) Page 1 of 6 Pages - ------------------------------------------------------ CUSIP No. 53634X - ------------------------------------------------------ ================================================================================ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) John H. Kang - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 9,429,524(1) SHARES ------------------------------------------------------ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH ------------------------------------------------------ REPORTING 7 SOLE DISPOSITIVE POWER PERSON 4,483,957(1) WITH ------------------------------------------------------ 8 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,429,524(1) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 23.0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ================================================================================ Page 2 of 6 Pages - ------------------------------------------------------ CUSIP No. 53634X - ------------------------------------------------------ Item 1(a). Name of Issuer: --------- -------------- Liquidmetal Technologies Item 1(b). Address of Issuer's Principal Executive Offices: --------- ----------------------------------------------- 100 N. Tampa St., Suite 3150, Tampa, Florida 33602 Item 2(a). Name of Person Filing: --------- --------------------- John H. Kang Item 2(b). Address of Principal Business Office or, if none, --------- ------------------------------------------------- Residence: --------- 100 N. Tampa St., Suite 3150, Tampa, Florida 33602 Item 2(c). Citizenship: --------- ----------- United States Item 2(d). Title of Class of Securities: --------- ---------------------------- Common Stock Item 2(e). CUSIP Number: --------- ------------ 53634X Item 3. If this statement is filed pursuant to Rules -------------------------------------------- 13d-1(b), or 13d-2(b) or (c), check whether the ----------------------------------------------- person filing is a: ------------------ N/A Item 4. Ownership (as of December 31, 2002) ----------------------------------- (a) Amount Beneficially Owned: 9,429,524(1) (b) Percent of Class: 23.0% Page 3 of 6 Pages - ------------------------------------------------------ CUSIP No. 53634X - ------------------------------------------------------ (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 9,429,524(1)* (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 4,483,957(1)* (iv) shared power to dispose or to direct the disposition of: 0 *Includes 1,935,485 shares that the reporting person does not yet own but has the right to acquire (jointly with another person) pursuant to Rule 13d-3 upon the exercise of outstanding stock options. Item 5. Ownership of Five Percent or Less of a Class. ------ -------------------------------------------- N/A Item 6. Ownership of More than Five Percent on Behalf of ------ ------------------------------------------------ Another Person. -------------- N/A Item 7. Identification and Classification of the ------ ---------------------------------------- Subsidiary Which Acquired the Security Being -------------------------------------------- Reported on By the Parent Holding Company. ----------------------------------------- N/A Item 8. Identification and Classification of Members of ------ ----------------------------------------------- the Group. --------- N/A Item 9. Notice of Dissolution of Group. ------ ------------------------------ N/A (1) See Exhibit A Page 4 of 6 Pages - ------------------------------------------------------ CUSIP No. 53634X - ------------------------------------------------------ Item 10. Certification. ------- ------------- By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 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 14, 2003 ------------------------- Date /s/ John H. Kang ------------------------- [Signature] John H. Kang ------------------------- [Name/Title] Page 5 of 6 Pages EXHIBIT A Note 1 ------ 1. John H. Kang (Mr. "Kang") has the power to dispose of 4,483,957 shares of Liquidmetal Technologies common stock (which includes 1,935,485 shares that Mr. Kang has the right to acquire pursuant to currently exercisable stock options). In addition, as explained below, Mr. Kang has the power to direct the vote of an additional 4,945,567 shares of Liquidmetal Technologies common stock, which together give Mr. Kang the power to direct the vote of 9,429,524 shares in the aggregate. 2. The additional 4,945,567 shares reported in this Schedule 13G as beneficially owned by Mr. Kang as a result of his power to direct the vote of such shares include (i) 2,077,334 shares of Liquidmetal Technologies common stock held as of 12/31/02 by The J. Holdsworth Capital Ltd. 2003 Irrevocable Trust (the "Holdsworth Shares") and (ii) 2,868,233 shares of Liquidmetal Technologies common stock held as of 12/31/02 by The Wesley Investments, Inc. 2003 Irrevocable Trust (the "Wesley Shares"). The Holdsworth Shares and the Wesley Shares also have been reported in a separate Schedule 13G filed with the Securities and Exchange Commission. 3. On January 17, 2003, the trusts listed above were terminated and the Holdsworth Shares were distributed to J. Holdsworth Capital Ltd. ("Holdsworth") and the Wesley Shares were distributed to Wesley Investments, Inc. ("Wesley"). 4. Holdsworth and Wesley each are owned by four shareholders, with each such shareholder owning 25% of its outstanding stock. Mr. Kang is one of the shareholders owning 25% of each of Holdsworth and Wesley. 5. As no single shareholder exercises veto power over Holdsworth's and Wesley's actions, Mr. Kang does not have the power to direct the disposition of the Holdsworth Shares and the Wesley Shares. 6. Mr. Kang is the sole officer and sole director of each of Holdsworth and Wesley. Consequently, Mr. Kang has the power to direct the voting of the Holdsworth Shares and the Wesley Shares, and beneficial ownership of these shares has been attributed to Mr. Kang. 7. Tai H. Kang is the trustee of The John H. Kang 2003 Irrevocable Trust (the "Kang Trust"): A. The settlor of which is Mr. Kang; and B. Which acquired 938,968 shares of Liquidmetal Technologies common stock contributed by Mr. Kang. 8. Tai H. Kang has sole voting and investment power over the shares held in the Kang Trust. 9. On January 31, 2003, the Kang Trust was terminated and distributed to Mr. Kang 938,968 shares of Liquidmetal Technologies common stock. Because Mr. Kang had the right to acquire all of the shares held by the Kang Trust within 60 days of December 31, 2002, Mr. Kang also has reported beneficial ownership over the shares held by the Kang Trust. Page 6 of 6 Pages -----END PRIVACY-ENHANCED MESSAGE-----