Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
SBE, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
783873201
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(CUSIP Number)
Daniel Grey
SBE, Inc.
4000 Executive Parkway, Suite 200
San Ramon, CA 94583
(925) 355-2000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 31, 2005
- --------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box |_|.
NOTE: Schedules filed in paper format should include a signed original
and five (5) copies of the schedule. See Rule 13d-7(b) for other parties to whom
copies are to be sent.
* 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 pages)
(Page 1 of 4 Pages)
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CUSIP NO. 783873201 13D Page 2 of 4 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Daniel Grey
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_| (b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER 7 SOLE VOTING POWER - 263,830
OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER - 0
BENEFICIALLY ----------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER - 263,830
REPORTING ----------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER - 0
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -
263,830(1)
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 - 2.6%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON - IN
- --------------------------------------------------------------------------------
- ---------------------
(1) Includes 263,830 shares subject to outstanding options.
Item 1: Security and Issuer.
Class of Securities: Common Stock
Issuer: SBE, Inc. ("Issuer")
Principal Address: 4000 Executive Parkway, Suite 200
San Ramon, CA 94583
Item 2: Identity and Background.
(a) Reporting Persons:
Daniel Grey
(b) Principal Business Address:
SBE, Inc.
4000 Executive Parkway, Suite 200
San Ramon, CA 94583
(c) Principal Occupation/Principal Business: President, Chief
Executive Office and Member of the Board of Directors of SBE, Inc.
(d) None.
(e) None.
(f) Not applicable.
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Item 3: Source and Amount of Funds or Other Consideration.
Personal funds.
Item 4: Purpose of Transaction.
Investment purpose.
Item 5: Interest in Securities of the Issuer.
(a) Shares Owned 263,830 (includes 263,830 shares subject to vested stock
options).
(b) Percentage of Class 2.6%
(c) See Item 3 above.
(d) Not applicable.
(e) December 31, 2005.
Item 6: Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Not applicable.
Item 7: Material to be Filed as Exhibits.
Not applicable.
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.
Date: February 3, 2006
By: /s/ Daniel Grey
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Daniel Grey
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