SC 13G/A 1 kcm13g081407nwk.txt CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070814 DATE AS OF CHANGE: 20070814 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NETWORK EQUIPMENT TECHNOLOGIES INC CENTRAL INDEX KEY: 0000752431 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 942904044 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39132 FILM NUMBER: 06623285 BUSINESS ADDRESS: STREET 1: 6900 PASEO PADRE PARKWAY CITY: FREMONT STATE: CA ZIP: 94555-3660 BUSINESS PHONE: 5107137300 MAIL ADDRESS: STREET 1: 6900 PASEO PADRE PARKWAY CITY: FREMONT STATE: CA ZIP: 94555-3660 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KCM INVESTMENT ADVISORS/CA CENTRAL INDEX KEY: 0001109228 IRS NUMBER: 911756649 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 750 LINDARO STREET STREET 2: SUITE 250 CITY: SAN RAFAEL STATE: CA ZIP: 94901 BUSINESS PHONE: 4154617788 MAIL ADDRESS: STREET 1: 750 LINDARO STREET STREET 2: SUITE 250 CITY: SAN RAFAEL STATE: CA ZIP: 94901 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NETWORK EQUIPMENT TECHNOLOGIES CENTRAL INDEX KEY: 0000752431 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 942904044 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 ACT SEC FILE NUMBER: 005-39132 FILM NUMBER: 04554473 BUSINESS ADDRESS: STREET 1: 6900 PASEO PADRE PARKWAY STREET 2: CITY: FREEMONT STATE: CA ZIP: 94555 BUSINESS PHONE: 5107137300 MAIL ADDRESS: STREET 1: 6900 PASEO PADRE PARKWAY STREET 2: CITY: FREEMONT STATE: CA ZIP: 94555 FORMER COMPANY: FORMER CONFORMED NAME: DATE OF NAME CHANGE: FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KCM INVESMENT ADV CENTRAL INDEX KEY: 0001109228 STANDARD INDUSTRIAL CLASSIFICATION: [ ] IRS NUMBER: 91-1756649 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 750 LINDARO STREET STREET 2: SUITE 250 CITY: SAN RAFAEL STATE: CA ZIP: 94901 BUSINESS PHONE: 4154617788 MAIL ADDRESS: STREET 1: 750 LINDARO STREET STREET 2: SUITE 250 CITY: SAN RAFAEL STATE: CA ZIP: 94901 1 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. N/A) NETWORK EQUIPMENT TECHNOLOGIES ------------------------------------------------------------------------------ (Name of Issuer) Common Stock ------------------------------------------------------------------------------ (Title of Class of Securities) 641208103 ------------------------------------------- (CUSIP Number) KCM INVESTMENT ADVISORS WILLIAM L. PRINCE 750 LINDARO STREET SUITE 250 SAN RAFAEL, CA 94901 415-461-7788 ------------------------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 14, 2007 ------------------------------------------- (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 13G, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box. *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. 2 CUSIP NO.466096104 13G/A PAGE 2 OF 6 PAGES --------------------- ----------------- (1) NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON) KCM INVESTMENT ADVISORS 91-1756649 --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] --------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------- (4) SOURCE OF FUNDS* 00 --------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ] IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) --------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA --------------------------------------------------------------------- (7) SOLE VOTING POWER 11,000 shares of Common Stock SHARES -------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER OWNED BY 0 shares of Common Stock EACH -------------------------------------------------------- REPORTING (9) SOLE DISPOSITIVE POWER PERSON WITH 11,000 shares of Common Stock -------------------------------------------------------- (10) SHARED DISPOSITIVE POWER 0 Shares of Common Stock -------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,000 shares of Common Stock --------------------------------------------------------------------- (12) CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] --------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.043% Common Stock --------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* Registered Investment Advisor --------------------------------------------------------------------- 3 ITEM 1. SECURITY AND ISSUER. This Schedule 13G relates to the common stock, par value $0.05 per share (the "Common Stock") of Network Equipment Technogies, Inc. a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 6900 Paseo Padre Parkway, Freemont CA 94555 ITEM 2. IDENTITY AND BACKGROUND. KCM Investment Advisors, Registered Investor Advisor acting under the Advisors Act of 1940. (f) United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. All Securities reported in this schedule are or have been owned by advisory clients of KCM Investment Advisors. This statement is filed pursuant to Rule 13G/A and the party filing is an Investment advisor registered under the section 203 of the Investment Advisors Act of 1940. KCM disclaims direct beneficial ownership of all such securities. Each client has the right to receive dividends, and/or proceeds from the sale of securities. To the knowledge and information available to KCM at the date of this filing, the advisor acknowledges that no one client has an interest in 5% or more of the securities identified hereinabove. 3 4 ITEM 4. PURPOSE OF TRANSACTION. ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER. (a) KCM is filing for and in behalf of 11,000 shares held cumulatively in investment advisory client account. (b) KCM is filing as indirect owner of th following number of shares of Common Stock with: Sole Voting Power: 11,000 shares of Common Stock Shared Voting Power: 0 Sole Dispositive Power: 11,000 shares of Common Stock Shared Dispositive Power: 0 (c) N/A (d) N/A (e) N/A 4 5 ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. None 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. /s/ WILLIAM L. PRINCE -------------------------------------------- WILLIAM L. PRINCE Date: August 14, 2007 ----------------