SECURITIES AND EXCHANGE COMMISSIO N
 
Washington, D.C. 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. 7)
 
ALLIANCE FIBER OPTIC PRODUCTS, INC.
(Name of Issuer)
 
Common Stock, par value $0.001
(Title of Class of Securities)
 
018680 306
(CUSIP Number)
 
December 31, 2010
(Date of Event which Requires Filing of Statement)
 
     Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
     o Rule 13d-1(b)
 
     o Rule 13d-1(c)
 
      x 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 the 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).
 
Page 1 of 7
 

 

CUSIP No. 018680 306
 
 
1
NAMES OF REPORTING PERSONS:
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS:
Peter C. Chang
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a) o
(b) o
3
SEC Use Only
4
CITIZENSHIP OR PLACE OF ORGANIZATION                 United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
532,000 shares*
6
SHARED VOTING POWER
789,320 shares
7
SOLE DISPOSITIVE POWER
532,000 shares*
8
SHARED DISPOSITIVE POWER
789,320 shares
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
1,321,320 shares*
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
11
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
14.7%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN

*Subject to applicable community property laws. Includes 8,000 shares held in the name of Mr. Chang’s minor children and also includes 320,000 shares subject to outstanding stock options exercisable within 60 days of December 31, 2010.
 
Page 2 of 7
 

 

CUSIP No. 018680 306
 
 
1
NAMES OF REPORTING PERSONS:
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS:
Chang Family LLC
 
77-0553025
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
(a) o
(b) o
3
SEC Use Only
4
CITIZENSHIP OR PLACE OF ORGANIZATION                     California
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
None
6
SHARED VOTING POWER
789,320 shares
7
SOLE DISPOSITIVE POWER
None
8
SHARED DISPOSITIVE POWER
789,320 shares
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON
789,320 shares
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
11
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.1%
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
00

Page 3 of 7
 

 

Item 1(a) Name of Issuer :
 
     Alliance Fiber Optic Products, Inc.
 
Item 1(b) Address of Issuer’s Principal Executive Offices :
 
     275 Gibraltar Drive, Sunnyvale, California 94089
 
Item 2(a) Name of Person Filing :
 
     (i) Peter C. Chang;
 
     (ii) Chang Family LLC
 
Item 2(b) Address of Principal Business Office or, if none, Residence:
 
     275 Gibraltar Drive, Sunnyvale, California 94089
 
Item 2(c) Citizenship:
 
     (i) United States;
 
     (ii) California
 
Item 2(d) Title of Class of Securities:
 
     Common Stock, $0.001 par value
 
Item 2(e) CUSIP Number:
 
     018680 306
 
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
 
      (a)       o       Broker or Dealer registered under Section 15 of the Act.
  (b)   o   Bank as defined in section 3(a) (6) of the Act.
  (c)   o   Insurance Company as defined in section 3(a) (19) of the Act.
  (d)   o   Investment Company registered under section 8 of the Investment Company Act.
  (e)   o   An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);
  (f)   o   An employee benefit plan or an endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);
  (g)   o   A parent holding company or control person in accordance with Section 240.13d-1(b)(ii)(G);
  (h)   o   A saving association as defined in Section 3(b) of the Federal Deposit Insurance Act;
  (i)   o   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
  (j)   o   Group, in accordance with Section 240.13d-1(b)(ii)(J).

Item 4. Ownership
 
     Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
     (a)      Amount beneficially owned: 1,321,320 shares of Common Stock beneficially owned by Peter C. Chang, of which 789,320 shares are held by the Chang Family LLC.
 
Page 4 of 7
 

 

      (b)       Percent of class: Peter C. Chang and the Chang Family LLC beneficially own 14.7% and 9.1%, respectively. The calculation of percentage of beneficial ownership was derived from the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, in which the Issuer stated that the number of shares of Common Stock outstanding as of October 29, 2010 was 8,640,983.
   
  (c)   Number of shares as to which the person has:
   
      (i) Sole power to vote or to direct the vote: 1,321,320 shares*
   
      (ii) Shared power to vote or to direct the vote: 789,320 shares held by the Chang Family LLC.
   
      (iii)  Sole power to dispose or to direct the disposition of: 1,321,320 shares*
   
      (iv) Shared power to dispose or to direct the disposition of: 789,320 shares held by the Chang Family LLC.
 
Item 5. Ownership of Five Percent or Less of a Class
 
     If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [  ].
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person
 
Peter C. Chang beneficially owns 1,321,320 shares, of which 789,320 shares are held by the Chang Family LLC (Mr. Chang and his wife, Mary C. Chen, are the Managing Members). In addition, 8,000 shares are held in the name of Mr. Chang’s minor children.
 
Item 7.
 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding
 Company or Control Person
   
     Not applicable.
 
Item 8. Identification and Classification of Members of the Group
 
     Not applicable.
 
Item 9. Notice of Dissolution of Group
 
     Not applicable.
 
Item 10. Certifications
 
     Not applicable.
 
     * Subject to applicable community property laws. Includes 8,000 shares held in the name of Mr. Chang’s minor children and also includes 320,000 shares subject to outstanding stock options exercisable within 60 days of December 31, 2010.
 
Page 5 of 7
 

 

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.
 
     Dated: February 9, 2011
 
  /s/Peter C. Chang
  Peter C. Chang
   
   
  CHANG FAMILY LLC
   
   
  By:  /s/Peter C. Chang
  Peter C. Chang
  Managing Member

Page 6 of 7
 

 

EXHIBIT A
 
AGREEMENT AS TO JOINT FILING OF SCHEDULE 13G
 
     In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing, on behalf of each of them, of a Statement on Schedule 13G (including amendments thereto) with respect to the Common Stock of Alliance Fiber Optic Products, Inc. Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of the is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
 
Date: February 9, 2011
 
  /s/Peter C. Chang
  Peter C. Chang
   
   
  CHANG FAMILY LLC
   
   
  By: /s/Peter C. Chang
  Peter C. Chang
  Managing Member
 
 
 
Page 7 of 7
 

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