UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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)
[X] Rule 13d-1(c)
[_] 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 11 Pages
- ------------------------------------------------------
CUSIP No. 53634X
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================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ricardo Salas
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 2,428,267(1)
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 322,581
EACH ------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 2,428,267(1)
WITH ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
322,581
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,750,848(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
6.7%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
Page 2 of 11 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:
--------- ---------------------
Ricardo Salas
Item 2(b). Address of Principal Business Office or, if none,
--------- -------------------------------------------------
Residence:
---------
4300 West Cypress Street, Suite 900, Tampa,
Florida 33607
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: 2,750,848(1)
(b) Percent of Class: 6.7%
Page 3 of 11 Pages
- ------------------------------------------------------
CUSIP No. 53634X
- ------------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote:
2,428,267(1)
(ii) shared power to vote or to direct the
vote:
322,581*
(iii) sole power to dispose or to direct the
disposition of:
2,428,267(1)
(iv) shared power to dispose or to direct
the disposition of:
322,581*
*These are 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. See Exhibit A for the identity of the
------------------------------------------------
group members filing this schedule.
----------------------------------
Item 9. Notice of Dissolution of Group.
------ ------------------------------
N/A
(1) See Exhibit A.
Page 4 of 11 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/ Ricardo Salas
-------------------------
[Signature]
Ricardo Salas
-------------------------
[Name/Title]
Page 5 of 11 Pages
- ------------------------------------------------------
CUSIP No. 53634X
- ------------------------------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Alice H. Salas
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 2,266,976(2)
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH ------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 2,266,976(2)
WITH ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,266,976(2)
- --------------------------------------------------------------------------------
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
5.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
================================================================================
Page 6 of 11 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:
--------- ---------------------
Alice H. Salas
Item 2(b). Address of Principal Business Office or, if none,
--------- -------------------------------------------------
Residence:
---------
4300 West Cypress Street, Suite 900, Tampa,
Florida 33607
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: 2,266,976(2)
(b) Percent of Class: 5.5%
Page 7 of 11 Pages
- ------------------------------------------------------
CUSIP No. 53634X
- ------------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote:
2,266,976(2)
(ii) shared power to vote or to direct the
vote:
0
(iii) sole power to dispose or to direct the
disposition of:
2,266,976(2)
(iv) shared power to dispose or to direct
the disposition of:
0
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.
---------
See Exhibit A for the identity of the members
filing this schedule.
Item 9. Notice of Dissolution of Group.
------ ------------------------------
N/A
(2) See Exhibit A.
Page 8 of 11 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/ Alice H. Salas
-------------------------
[Signature]
Alice H. Salas
-------------------------
[Name/Title]
Page 9 of 11 Pages
EXHIBIT A
Note 1
------
1. The shares reported in this Schedule 13G as beneficially owned by
Ricardo Salas ("Mr. Salas") do not 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 have been reported in a separate Schedule 13G filed with
the Securities and Exchange Commission.
2. 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").
3. Holdsworth and Wesley each are owned by four shareholders, with each
such shareholder owning 25% of its outstanding stock. Mr. Salas is one
of the shareholders owning 25% of each of Holdsworth and Wesley.
4. As no single shareholder exercises veto power over Holdsworth's and
Wesley's actions, beneficial ownership of the Holdsworth Shares and the
Wesley Shares have not been attributed to Mr. Salas.
Note 2
------
1. Alice H. Salas is the trustee of The Ricardo A. Salas 2003
Irrevocable Trust (the "Salas Trust"):
A. The settlor of which is Mr. Salas; and
B. Which acquired 2,266,976 shares of Liquidmetal
Technologies common stock contributed by Mr. Salas.
2. Alice H. Salas has sole voting and investment power over the shares
held in the Salas Trust.
3. On January 31, 2003, the Salas Trust was terminated and distributed
to Mr. Salas 2,266,976 shares of Liquidmetal Technologies common stock.
Because Mr. Salas had the right to acquire all of the shares held by
the Salas Trust within 60 days of December 31, 2002, Mr. Salas also has
reported beneficial ownership over the shares held by the Salas Trust.
4. The shares reported in this Schedule 13G as beneficially owned by
Alice H. Salas do not include the Holdsworth Shares held as of 12/31/02
by The J. Holdsworth Capital Ltd. 2003 Irrevocable Trust and the Wesley
Shares held as of 12/31/02 by The Wesley Investments, Inc. 2003
Irrevocable Trust. Alice H. Salas was the trustee of each of these
trusts, and the shares held by these trusts have been reported in a
separate Schedule 13G filed with the Securities and Exchange
Commission.
Page 10 of 11 Pages
EXHIBIT B
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, the persons named below agree to the joint filing on behalf of each of
them of this Schedule 13G with respect to the common stock of Liquidmetal
Technologies and further agree that this Joint Filing Agreement may be included
as an Exhibit to such joint filing.
Date: February 14, 2003
Ricardo Salas
/s/ Ricardo Salas
-------------------------
[Signature]
Alice Salas
/s/ Alice Salas
-------------------------
[Signature]
Page 11 of 11 Pages