UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 2)
NAM TAI ELECTRONICS, INC.
(Name of Issuer)
Common Shares, $0.01 par value
(Title of Class of Securities)
629865 205
(Cusip Number)
Mr. Tadao Murakami
c/o Nam Tai Group Management Ltd.
15th Floor, China Merchants Tower
Shun Tak Centre
168-200 Connaught Road Central
Hong Kong
Telephone: (852) 2341-0273
Fax: (852) 2341-4164
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
------------------------
with copy to:
Mr. Lorne Waldman, ESQ.
c/o Nam Tai Electronics, Inc.
1790 - 999 West Hastings Street
Vancouver, British Columbia V6C 2W2 Canada
Telephone: (604) 669-7800
Fax: (604) 669-7816
November 18, 2002
(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 |_|.
Check the following box if a fee is being paid with the statement |_|.
----------- --------------------------------------------------------------------
1. NAME OF REPORTING PERSON - Tadao Murakami
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
----------- --------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(a)|_|
N/A (b)|_|
----------- --------------------------------------------------------------------
3. SEC USE ONLY
----------- --------------------------------------------------------------------
4. SOURCE OF FUNDS
N/A
----------- --------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
N/A
----------- --------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Japanese
----------- --------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER: 667,115
SHARES -------- ----------------------------------------
BENEFICIALLY 8. SHARES VOTING POWER : N/A
OWNED BY -------- ----------------------------------------
EACH 9. SOLE DISPOSITIVE POWER: 782,155
REPORTING -------- ----------------------------------------
PERSON 10. SHARES DISPOSITIVE POWER: N/A
WITH
----------- --------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
782,155
----------- --------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|_|
----------- --------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
----------- --------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
----------- --------------------------------------------------------------------
Item 1. Security and Issuer.
This statement relates to the Common Shares, $0.01 par value (the "Common
Shares") of Nam Tai Electronics, Inc. (the "Company") an International Business
Company organized under the laws of the British Virgin Islands, with principal
executive offices located 15/F., China Merchants Tower Shun Tak Centre, 168-200
Connaught Road Central, Hong Kong.
Item 2. Identity and Background.
This statement is being filed by Mr. Tadao Murakami ("Mr. Murakami") an
individual.
Mr. Murakami's business address is Nam Tai Electronics, Inc., c/o Nam Tai
Group Management Ltd. 15/F., China Merchants Tower Shun Tak Centre, 168-200
Connaught Road Central, Hong Kong.
Mr. Murakami is an Executive Director on the Board.
During the past five years Mr. Murakami has not been convicted in a
criminal proceeding and has not been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction, as a result of which it is
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
of finding any violation with respect to such laws.
Item 3. Source and Amount of Funds and Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
The purpose of the transaction is to liquidate warrants prior to their
expiry date of November 24, 2002. Mr. Murakami may sell or acquire common shares
in the future depending on the prevailing market price of the securities. Mr.
Murakami has no plans or proposals that relate to or would result in the matters
identified in Item 4(a) through (j) of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) At November 26, 2002, as a result of the sale of 175,094 Warrants, Mr.
Murakami beneficially owned 782,155 of the Common Shares outstanding
representing a 6.5% ownership. The amount of Common Shares includes: i) 667,155
Common Shares; and ii) 115,000 Common Shares that Mr. Murakami may acquire upon
exercise of employee stock options. The percentage ownership was calculated in
accordance with Rule 13d(1)(i) under the Securities Exchange Act of 1934.
(b) Mr. Murakami has exclusive investment voting and investment power over
the Common Shares referred to in paragraph (a).
(c) The following table sets forth details of the open market sales of the
Company's Warrants (all of which were made through UBS PaineWebber Incorporated)
made by Mr. Murakami during the last sixty days.
Number
of
Trade warrants Sales
Date sold (#) Price ($) Proceeds ($)
------------------------ --------------- -------------- --------------------
November 14, 2002 11,250 0.73 $8,212.50
------------------------ --------------- -------------- --------------------
November 15, 2002 65,000 0.364792 $2,3711.48
------------------------ --------------- -------------- --------------------
November 18, 2002 52,500 0.34459 $18,090.96
------------------------ --------------- -------------- --------------------
November 19, 2002 27,000 0.186944 $5,047.49
------------------------ --------------- -------------- --------------------
November 20, 2002 19,344 0.13933 $2,695.20
------------------------ --------------- -------------- --------------------
175,094 $57,757.63
------------------------ --------------- -------------- --------------------
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
Previously reported.
Item 7. Material to Be Filed as Exhibits.
Not applicable
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.
By: /s/ TADAO MURAKAMI
-----------------------
TADAO MURAKAMI
Date: November 26, 2002