-----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, G2sxG+1dKJhQ6dEg5PoLgkhxzcddZZ/JNSVWmhkdypqm9VCg0K3n0+4wVlZ95nV/ 7zNkEHAjNKcU9k/NJksphg== 0000909518-97-000246.txt : 19970428 0000909518-97-000246.hdr.sgml : 19970428 ACCESSION NUMBER: 0000909518-97-000246 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19970425 SROS: NASD GROUP MEMBERS: ALEXANDRA JACOBS GROUP MEMBERS: DANIEL T. LINDSAY GROUP MEMBERS: GRANT E. OPPEGAARD GROUP MEMBERS: IRWIN L. JACOBS IRREV. TRUST FOR MELINDA A. JACOBS-RODNICK GROUP MEMBERS: IRWIN L. JACOBS IRREV. TRUST FOR RANDI F. JACOBS GROUP MEMBERS: IRWIN L. JACOBS IRREV. TRUST FOR TRISHA L. JACOBS GROUP MEMBERS: JACOBS IRWIN L GROUP MEMBERS: JACOBS MANAGEMENT CORPORATION GROUP MEMBERS: MELINDA A. JACOBS-GRODNICK GROUP MEMBERS: RANDI F. JACOBS GROUP MEMBERS: ROGER R. CLOUTIER, II GROUP MEMBERS: TRISHA L. JACOBS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PINNACLE SYSTEMS INC CENTRAL INDEX KEY: 0000774695 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 943003809 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44097 FILM NUMBER: 97587433 BUSINESS ADDRESS: STREET 1: 280 N BERNARDO AVE CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 4155261600 MAIL ADDRESS: STREET 1: 280 N BERNARDO AVE CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JACOBS IRWIN L CENTRAL INDEX KEY: 0000898678 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 SOUTH FIFTH ST STE 2500 STREET 2: JACOBS MANAGEMENT CORP CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123399500 MAIL ADDRESS: STREET 1: JACOBS MANAGEMENT CORP STREET 2: 100 SOUTH FIFTH ST STE 2500 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 SC 13D/A 1 AMEND NO. 2 TO SCHEDULE 13D ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 ------------------- (AMENDMENT NO. 2) PINNACLE SYSTEMS, INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, NO PAR VALUE 723481107 - ------------------------------- ---------------- (Title of class of securities) (CUSIP number) STEPHEN E. JACOBS, ESQ. WEIL, GOTSHAL & MANGES LLP 767 FIFTH AVENUE NEW YORK, NEW YORK 10153 (212) 310-8000 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) APRIL 22, 1997 - -------------------------------------------------------------------------------- (Date of event which requires filing of this statement) 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 Rule 13d-1(b)(3) or (4), check the following box [_]. Note: When filing this statement in paper format, six copies of this statement, including exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. (Continued on following page(s)) (Page 1 of 24 Pages) (Exhibit Index appears on page 22) ================================================================================ - -------------------------------- ------------------------------------ CUSIP No. 723481107 13D Page 2 of 24 - -------------------------------- ------------------------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: IRWIN L. JACOBS S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 345,400 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 47,000* OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 345,400 REPORTING ----------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 345,400 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.59% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- * Mr. Jacobs disclaims beneficial ownership of such 47,000 shares. See Items 5(b) and 6 hereof. - ------------------------------------- ------------------------------- CUSIP No. 723481107 13D Page 3 of 24 - ------------------------------------- ------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: ALEXANDRA JACOBS S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 10,000 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 10,000 REPORTING ----------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 10,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.13% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ----------------------------------- --------------------------------- CUSIP No. 723481107 13D Page 4 of 24 - ----------------------------------- --------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: MELINDA A. JACOBS-GRODNICK S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 5,000 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 5,000 REPORTING ----------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 5,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.07% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - --------------------------------- ----------------------------------- CUSIP No. 723481107 13D Page 5 of 24 - --------------------------------- ----------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: RANDI F. JACOBS S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 10,000 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 10,000 REPORTING ----------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 10,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.13% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - --------------------------------- ----------------------------------- CUSIP No. 723481107 13D Page 6 of 24 - --------------------------------- ----------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: TRISHA L. JACOBS S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 20,000 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 20,000 REPORTING ----------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 20,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.27% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ---------------------------------- ---------------------------------- CUSIP No. 723481107 13D Page 7 of 24 - ---------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: IRWIN L. JACOBS IRREVOCABLE TRUST FBO MELINDA A. JACOBS-GRODNICK S.S. OR I.R.S. IDENTIFICATION NO. 41-6274610 OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF MINNESOTA ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 8,000 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 8,000 REPORTING ----------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 8,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.11% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - -------------------------------------------------------------------------------- - ------------------------------------ -------------------------------- CUSIP No. 723481107 13D Page 8 of 24 - ------------------------------------ -------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: IRWIN L. JACOBS IRREVOCABLE TRUST FBO RANDI F. JACOBS S.S. OR I.R.S. IDENTIFICATION NO. 41-6274584 OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF MINNESOTA ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 73,100 SHARES ---------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ---------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 73,100 REPORTING ---------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 73,100 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.97% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: 00 - -------------------------------------------------------------------------------- - ------------------------------------ -------------------------------- CUSIP No. 723481107 13D Page 9 of 24 - ------------------------------------ -------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: IRWIN L. JACOBS IRREVOCABLE TRUST FBO TRISHA L. JACOBS S.S. OR I.R.S. IDENTIFICATION NO. 41-6274609 OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF MINNESOTA ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 60,000 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 60,000 REPORTING ----------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 60,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.80% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: 00 - -------------------------------------------------------------------------------- - ---------------------------------- ---------------------------------- CUSIP No. 723481107 13D Page 10 of 24 - ---------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: JACOBS MANAGEMENT CORPORATION S.S. OR I.R.S. IDENTIFICATION NO. 41-1458571 OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF DELAWARE ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 20,000 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 20,000 REPORTING ----------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 20,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.27% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - -------------------------------------------------------------------------------- - ---------------------------------- ---------------------------------- CUSIP No. 723481107 13D Page 11 of 24 - ---------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: ROGER R. CLOUTIER, II S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 12,000 OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 12,000 REPORTING ----------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 12,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.16% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ------------------------------------ -------------------------------- CUSIP No. 723481107 13D Page 12 of 24 - ------------------------------------ -------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: DANIEL T. LINDSAY S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ----------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 25,000 OWNED BY ----------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 25,000 REPORTING ----------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 25,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.33% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- - ---------------------------------- ---------------------------------- CUSIP No. 723481107 13D Page 13 of 24 - ---------------------------------- ---------------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: GRANT E. OPPEGAARD S.S. OR I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSON: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X] (B) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: PF, OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_] PURSUANT TO ITEM 2(d) OR 2(e): - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF UNITED STATES ORGANIZATION: - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ---------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 10,000 OWNED BY ---------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 10,000 REPORTING ---------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 10,000 REPORTING PERSON: - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_] CERTAIN SHARES: - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.13% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------------------------------------------------------------------------- This Statement (this "Statement") amends the Statement on Schedule 13D, as amended by Amendment No. 1 thereto, previously filed by Irwin L. Jacobs ("ILJ"), Alexandra Jacobs ("AJ"), Melinda A. Jacobs-Grodnick ("MJG"), Randi F. Jacobs ("RFJ"), Trisha L. Jacobs ("TLJ"), the Irwin L. Jacobs Irrevocable Trust For The Benefit of Melinda A. Jacobs-Grodnick (the "MJG Trust"), the Irwin L. Jacobs Irrevocable Trust For The Benefit of Randi F. Jacobs (the "RFJ Trust"), the Irwin L. Jacobs Irrevocable Trust For The Benefit of Trisha L. Jacobs (the "TLJ Trust" and, collectively with the MJG Trust and the RFJ Trust, the "Trusts"), Jacobs Management Corporation ("JMC"), Roger R. Cloutier, II ("RRC"), Daniel T. Lindsay ("DTL") and Grant E. Oppegaard ("GEO" and, collectively with ILJ, AJ, MJG, RFJ, TLJ, the Trusts, JMC, RRC and DTL, the "Reporting Persons") with respect to the Reporting Persons' beneficial ownership of shares of common stock, no par value (the "Shares"), of Pinnacle Systems, Inc., a California corporation (the "Company"). ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. In 1996, ILJ purchased an aggregate of 252,800 Shares for an aggregate consideration (including brokerage commissions) of approximately $2,754,180.81. In January 1997, ILJ purchased an additional 43,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $460,957.10. In February 1997, ILJ purchased an additional 19,600 Shares for an aggregate consideration (including brokerage commissions) of approximately $238,630.00. ILJ acquired all such Shares by using equal amounts of personal funds and borrowings from his margin account at Jefferies & Company, Inc. ("Jefferies"). In April 1997, ILJ purchased an additional 30,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $383,759.00. ILJ acquired such Shares by using equal amounts of personal funds and borrowings from his margin account at Piper Jaffray Inc. In 1996, AJ purchased 10,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $102,500.00. AJ acquired such Shares by using equal amounts of personal funds and borrowings from her margin account at Jefferies. In 1996, MJG purchased 5,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $48,750.00. MJG acquired such Shares by using equal amounts of 14 proceeds of a loan from ILJ and borrowings from her margin account at Jefferies. In 1996, RFJ purchased 10,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $97,500.00. RFJ acquired such Shares by using equal amounts of proceeds of a loan from ILJ and borrowings from her margin account at Jefferies. In 1996, TLJ purchased 20,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $195,000.00. TLJ acquired such Shares by using equal amounts of proceeds of a loan from ILJ and borrowings from her margin account at Jefferies. In 1996, the MJG Trust purchased 5,000 Shares for an aggregate consideration (including brokerage commissions) of $65,625.00. The MJG Trust acquired such Shares by using equal amounts of available funds and borrowings from its margin account at Jefferies. In January 1997, the MJG Trust purchased an additional 3,000 Shares for an aggregate consideration (including brokerage commissions) of $30,900.00. The MJG Trust acquired such additional Shares by using equal amounts of proceeds of a loan from ILJ and borrowings from its margin account at Jefferies. In 1996, the RFJ Trust purchased 60,000 Shares for an aggregate consideration (including brokerage commissions) of $643,750.00. In April 1997, the RFJ Trust purchased an additional 13,100 Shares for an aggregate consideration (including brokerage commissions) of $170,955.00. The RFJ Trust acquired all such Shares by using equal amounts of available funds and borrowings from its margin account at Jefferies. In 1996, the TLJ Trust purchased 50,000 Shares for an aggregate consideration (including brokerage commissions) of $606,750.00. The TLJ Trust acquired such Shares by using equal amounts of available funds and borrowings from its margin account at Jefferies. In April 1997, the TLJ Trust purchased an additional 10,000 Shares for an aggregate consideration (including brokerage commissions) of $130,500.00. The TLJ Trust acquired such Shares by using equal amounts of proceeds of a loan from ILJ and borrowings from its margin account at Jefferies. In 1996, JMC purchased 20,000 Shares for an aggregate consideration (including brokerage commissions) of $247,874.00. JMC acquired such Shares by using equal amounts of available 15 working capital and borrowings from its margin account at Jefferies. In December 1996 and January 1997, RRC purchased an aggregate of 12,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $126,120.00. RRC acquired 2,000 of such Shares by using personal funds and acquired the other 8,000 Shares by using equal amounts of personal funds and borrowings from his margin account at Jefferies. In January 1997, DTL purchased 25,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $254,967.50. DTL acquired such Shares by using equal amounts of personal funds and borrowings from his margin account at Jefferies. In January 1997, GEO purchased 10,000 Shares for an aggregate consideration (including brokerage commissions) of approximately $101,987.00. GEO acquired such Shares by using equal amounts of personal funds and borrowings from his margin account at Jefferies. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of April 22, 1997, the Reporting Persons beneficially owned the number of Shares respectively set forth below. The percentages set forth below represent the percentage of the outstanding Shares of the Company (based on a total of 7,523,380 Shares outstanding as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended December 27, 1996) beneficially owned by the Reporting Persons. Percent of Reporting Number of Outstanding Person Shares Shares - ---------------- -------------- ----------------- ILJ 345,400 4.59% AJ 10,000 0.13% MJG 5,000 0.07% RFJ 10,000 0.13% TLJ 20,000 0.27% 16 The MJG Trust 8,000 0.11% The RFJ Trust 73,100 0.97% The TLJ Trust 60,000 0.80% JMC 20,000 0.27% RRC 12,000 0.16% DTL 25,000 0.33% GEO 10,000 0.13% As of April 22, 1997, the Reporting Persons beneficially owned an aggregate of 598,500 Shares, representing approximately 7.96% of the outstanding Shares. (b) The information set forth in Items 7 through 11 of the cover pages hereto is incorporated herein by reference. Pursuant to the agreements described in Item 6 below, ILJ may be deemed to share voting power with respect to the Shares owned by each of RRC, DTL and GEO; however, ILJ disclaims beneficial ownership of such Shares. (c) The information concerning transactions in the Shares effected by the Reporting Persons during the past 60 days is set forth in Appendix C hereto and incorporated herein by reference. All such transactions were effected through the open market. (d)-(e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Each of RRC, DTL and GEO has an oral agreement with ILJ to vote their Shares in the same manner as ILJ votes his Shares. Except as set forth in the immediately preceding sentence, none of the Reporting Persons has any contracts, arrangements, understandings or relationships with respect to any securities of the Company. 17 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. The following are filed herewith as exhibits to this Statement. 1. Agreement among the signatories of this Statement with respect to its filing. 18 SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: April 25, 1997 /s/ Irwin L. Jacobs ----------------------------------- Irwin L. Jacobs /s/ Alexandra Jacobs ----------------------------------- Alexandra Jacobs /s/ Melinda A. Jacobs-Grodnick ----------------------------------- Melinda A. Jacobs-Grodnick /s/ Randi F. Jacobs ----------------------------------- Randi F. Jacobs /s/ Trisha L. Jacobs ----------------------------------- Trisha L. Jacobs Irwin L. Jacobs Irrevocable Trust FBO Melinda A. Jacobs-Grodnick By: /s/ David Mahler ----------------------------------- David Mahler, Trustee Irwin L. Jacobs Irrevocable Trust FBO Randi F. Jacobs By: /s/ David Mahler ----------------------------------- David Mahler, Trustee Irwin L. Jacobs Irrevocable Trust FBO Trisha L. Jacobs By: /s/ David Mahler ----------------------------------- David Mahler, Trustee Jacobs Management Corporation By: /s/ Irwin L. Jacobs ----------------------------------- Irwin L. Jacobs, President /s/ Roger R. Cloutier, II ----------------------------------- Roger R. Cloutier, II 19 /s/ Daniel T. Lindsay ----------------------------------- Daniel T. Lindsay 20 Appendix C Transactions By the Reporting Persons in Pinnacle Systems, Inc. Common Stock During the Past 60 Days Irwin L. Jacobs --------------- Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ---------------- -------- ------------- ------------- 4/21/97 10,000 13.125 4.50 131,254.50 4/22/97 20,000 12.625 4.50 252,504.50 Irwin L. Jacobs Irrevocable Trust FBO Randi F. Jacobs ------------------- Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ---------------- -------- ------------- ------------- 4/21/97 13,100 13.050 0.00 170,955.00 Irwin L. Jacobs Irrevocable Trust FBO Trisha L. Jacobs -------------------- Number of Shares Price Per Date Bought Share($) Commission($) Total Cost($) - ---- ---------------- -------- ------------- ------------- 4/21/97 10,000 13.050 0.00 130,500.00 21 Exhibit Index Exhibit Page - ------- ---- 1. Agreement among the signatories to this Statement with respect to its filing.......................23 22 EX-1 2 Exhibit 1 AGREEMENT This will confirm the agreement by and among all the undersigned that the Amendment to Schedule 13D filed on or about this date with respect to the beneficial ownership of the undersigned of shares of the common stock of the Company is being filed on behalf of each of the individuals named below. This Agreement may be executed in two or more counterparts, each of which be deemed an original, but all of which together shall constitute one and the same instrument. Dated: April 25, 1997 /s/ Irwin L. Jacobs ---------------------------------- Irwin L. Jacobs /s/ Alexandra Jacobs ---------------------------------- Alexandra Jacobs /s/ Melinda A. Jacobs-Grodnick ---------------------------------- Melinda A. Jacobs-Grodnick /s/ Randi F. Jacobs ---------------------------------- Randi F. Jacobs /s/ Trisha L. Jacobs ---------------------------------- Trisha L. Jacobs Irwin L. Jacobs Irrevocable Trust FBO Melinda A. Jacobs-Grodnick By: /s/ David Mahler ---------------------------------- David Mahler, Trustee Irwin L. Jacobs Irrevocable Trust FBO Randi F. Jacobs By: /s/ David Mahler ---------------------------------- David Mahler, Trustee Irwin L. Jacobs Irrevocable Trust FBO Trisha L. Jacobs By: /s/ David Mahler ---------------------------------- David Mahler, Trustee Jacobs Management Corporation By: /s/ Irwin L. Jacobs ---------------------------------- Irwin L. Jacobs, President /s/ Roger R. Cloutier, II ---------------------------------- Roger R. Cloutier, II /s/ Daniel T. Lindsay ---------------------------------- Daniel T. Lindsay -----END PRIVACY-ENHANCED MESSAGE-----