-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EQVsw/TsDYojXeXM9rBA3rHDihPqfmaSnLp2K/t05PWl42VJpMX1noMIlpiqDb2h KVYrqDjovpLEZZVTGDJyeQ== 0000922423-99-000174.txt : 19990215 0000922423-99-000174.hdr.sgml : 19990215 ACCESSION NUMBER: 0000922423-99-000174 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990212 GROUP MEMBERS: CAYRE KENNETH ET AL GROUP MEMBERS: GRACE K. CAYRE IRREVOCABLE GRANTOR TRUST GROUP MEMBERS: JACK KENEDY CAYRE IRREVOCABLE GRANTOR GROUP MEMBERS: KENNETH CAYRE GRAT U/A/D 2/23/95 GROUP MEMBERS: MICHELLE CAYRE IRREVOCABLE GRANTOR TRUST GROUP MEMBERS: NATHAN CAYRE IRREVOCABLE GRANTOR TRUST GROUP MEMBERS: RAQUEL CAYRE IRREVOCABLE GRANTOR TRUST GROUP MEMBERS: THE KENNETH & LILIAN FOUNDATION INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GT INTERACTIVE SOFTWARE CORP CENTRAL INDEX KEY: 0001002607 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 133689915 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-47017 FILM NUMBER: 99536504 BUSINESS ADDRESS: STREET 1: 417 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2127266500 MAIL ADDRESS: STREET 1: 417 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10016 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CAYRE KENNETH ET AL CENTRAL INDEX KEY: 0001008182 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 16 EAST 40TH ST CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 2129513000 MAIL ADDRESS: STREET 2: 16 EAST 40TH STREET CITY: NEW YORK STATE: NY ZIP: 10016 FORMER COMPANY: FORMER CONFORMED NAME: CAYRE KENNETH ET AL DATE OF NAME CHANGE: 19960217 SC 13G/A 1 AMENDMENT NO. 2 TO SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- Amendment No. 2 to SCHEDULE 13G (Rule 13d-102) INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 GT Interactive Software Corp. ----------------------------- (Name of Issuer) Common Stock, $.01 par value ---------------------------- (Title of Class of Securities) 36236E 10 9 ------------------- (CUSIP Number) December 31, 1998 ------------------------------------------------------ (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) |_| Rule 13d-1 (c) |X| Rule 13d-1 (d) ------------------ Page 1 of 21 Pages Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 2 of 21 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Kenneth Cayre - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 1,614,205 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 1,614,205 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,614,205 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.2% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- -2- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 3 of 21 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Kenneth Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Lillian Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 41,242 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 41,242 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 41,242 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.1% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -3- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 4 of 21 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jack Kennedy Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 2,411,655 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 2,411,655 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,411,655 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.3% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -4- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 5 of 21 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Nathan Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 2,411,655 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 2,411,655 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,411,655 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.3% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -5- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 6 of 21 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Michelle P. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 765,466 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 765,466 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 765,466 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.1% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -6- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 7 of 21 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Grace K. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 765,447 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 765,447 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 765,447 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.1% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -7- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 8 of 21 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Raquel Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION New York - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 765,465 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 765,465 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 765,465 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.1% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- -8- Amendment No. 2 to SCHEDULE 13G CUSIP No. 36236E 10 9 Page 9 of 21 Pages - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Kenneth and Lillian Cayre Foundation Inc. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 50,000 NUMBER ------------------------------------------------- OF 6) SHARED VOTING POWER SHARES Not Applicable BENEFICIALLY ------------------------------------------------- OWNED BY 7) SOLE DISPOSITIVE POWER EACH 50,000 REPORTING ------------------------------------------------- PERSON 8) SHARED DISPOSITIVE POWER WITH Not Applicable - -------------------------------------------------------------------------------- 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50,000 - -------------------------------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.1% - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- -9- Item 1(a). Name of Issuer: GT Interactive Software Corp. Item 1(b). Address of Issuer's Principal Executive Offices: 417 Fifth Avenue, New York, NY 10016 Item 2(a). Name of Person Filing: Kenneth Cayre Kenneth Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Lillian Cayre, Trustee Jack Kennedy Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee Nathan Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee Michelle P. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee Grace K. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee Raquel Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee The Kenneth and Lillian Cayre Foundation Inc. Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business office of each of Kenneth Cayre, Kenneth Cayre Grantor Retained Annuity Trust, Jack Kennedy Cayre Irrevocable Grantor Trust, Nathan Cayre Irrevocable Grantor Trust, Michelle P. Cayre Irrevocable Grantor Trust, Grace K. Cayre Irrevocable Grantor Trust, Raquel Cayre Irrevocable Grantor Trust and The Kenneth and Lillian Cayre Foundation Inc. is 16 East 40th Street, New York, NY 10016. Item 2(c). Citizenship: Kenneth Cayre: United States of America Kenneth Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Lillian Cayre, Trustee: New York Jack Kennedy Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee: New York Nathan Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee: New York Michelle P. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee: New York Grace K. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee: New York Raquel Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee: New York The Kenneth and Lillian Cayre Foundation Inc.: Delaware -10- Item 2(d). Title of Class of Securities: Common Stock, $.01 par value (the "Common Stock") Item 2(e). CUSIP Number: 36236E 10 9 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: Not applicable Item 4. Ownership. Kenneth Cayre: (a) Amount beneficially owned: 1,614,205 shares ---------------- (b) percent of class: 2.2% ---- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 1,614,205 --------- (ii) Shared power to vote or to direct the vote Not Applicable --------------- (iii)Sole power to dispose or to direct the disposition of 1,614,205 --------- (iv) Shared power to dispose or to direct the disposition of Not Applicable -------------- Kenneth Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Lillian Cayre, Trustee: (a) Amount beneficially owned: 41,242 shares ------------- (b) percent of class: 0.1% ---- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 41,242 ------ (ii) Shared power to vote or to direct the vote Not Applicable --------------- (iii)Sole power to dispose or to direct the disposition of 41,242 ------ (iv) Shared power to dispose or to direct the disposition of Not Applicable -------------- Jack Kennedy Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee: (a) Amount beneficially owned: 2,411,655 shares ---------------- (b) percent of class: 3.3% ---- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 2,411,655 --------- (ii) Shared power to vote or to direct the vote Not Applicable --------------- (iii)Sole power to dispose or to direct the disposition of 2,411,655 --------- (iv) Shared power to dispose or to direct the disposition of Not Applicable -------------- -11- Nathan Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee: (a) Amount beneficially owned: 2,411,655 shares ---------------- (b) percent of class: 3.3% ---- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 2,411,655 --------- (ii) Shared power to vote or to direct the vote Not Applicable --------------- (iii)Sole power to dispose or to direct the disposition of 2,411,655 --------- (iv) Shared power to dispose or to direct the disposition of Not Applicable -------------- Michelle P. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee: (a) Amount beneficially owned: 765,466 shares -------------- (b) percent of class: 1.1% ---- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 765,466 ------- (ii) Shared power to vote or to direct the vote Not Applicable --------------- (iii)Sole power to dispose or to direct the disposition of 765,466 ------- (iv) Shared power to dispose or to direct the disposition of Not Applicable -------------- Grace K. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee: (a) Amount beneficially owned: 765,447 shares -------------- (b) percent of class: 1.1% ---- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 765,447 ------- (ii) Shared power to vote or to direct the vote Not Applicable --------------- (iii)Sole power to dispose or to direct the disposition of 765,447 ------- (iv) Shared power to dispose or to direct the disposition of Not Applicable -------------- Raquel Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee: (a) Amount beneficially owned: 765,465 shares -------------- (b) percent of class: 1.1% ---- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 765,465 ------- (ii) Shared power to vote or to direct the vote Not Applicable --------------- (iii)Sole power to dispose or to direct the disposition of 765,465 ------- (iv) Shared power to dispose or to direct the disposition of Not Applicable -------------- -12- The Kenneth and Lillian Cayre Foundation Inc. (a) Amount beneficially owned: 50,000 shares ------------- (b) percent of class: 0.1% ---- (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 50,000 ------ (ii) Shared power to vote or to direct the vote Not Applicable --------------- (iii)Sole power to dispose or to direct the disposition of 50,000 ------ (iv) Shares power to dispose or to direct the disposition of Not Applicable -------------- Kenneth Cayre is the beneficiary of the reporting Grantor Retained Annuity Trust (the "GRAT"). The beneficiaries of the reporting Irrevocable Grantor Trusts (together with the GRAT, the "Trusts") are children of Kenneth and Lillian Cayre. Lillian Cayre, the wife of Kenneth Cayre, is the trustee of the Trusts. The Kenneth and Lillian Cayre Foundation Inc. (the "Foundation") is a charitable foundation whose sole trustees are Kenneth and Lillian Cayre. The filing of this Schedule 13G shall not be construed as an admission that Kenneth Cayre is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any of the Common Stock held by the Irrevocable Grantor Trusts or the Foundation. Item 5. Ownership of Five Percent or Less of a Class. Not applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable Item 8. Identification and Classification of Members of the Group. See Exhibit 1, Agreement of joint filing pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934. Item 9. Notice of Dissolution of Group. Not applicable Item 10. Certification. Not applicable -13- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 2, 1999 /s/ Kenneth Cayre --------------------------------------------- Kenneth Cayre -14- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 2, 1999 Kenneth Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre --------------------------------------- Name: Lillian Cayre Title: Trustee -15- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 2, 1999 Jack Kennedy Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre ----------------------------------- Name: Lillian Cayre Title: Trustee -16- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 2, 1999 Nathan Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre ---------------------------------- Name: Lillian Cayre Title: Trustee -17- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 2, 1999 Michelle P. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre --------------------------------------- Name: Lillian Cayre Title: Trustee -18- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 2, 1999 Grace K. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre ----------------------------------- Name: Lillian Cayre Title: Trustee -19- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 2, 1999 Raquel Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre --------------------------------- Name: Lillian Cayre Title: Trustee -20- SIGNATURE --------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: February 2, 1999 The Kenneth and Lillian Cayre Foundation Inc. By:/s/ Lillian Cayre ---------------------------------- Name: Lillian Cayre Title: Trustee -21- EXHIBIT 1 --------- AGREEMENT OF JOINT FILING Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned persons hereby agree to file with the Securities and Exchange Commission the Statement on Schedule 13G (the "Statement") to which this Agreement is attached as an exhibit, and agree that such Statement, as so filed, is filed on behalf of each of them. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 2, 1999. /s/ Kenneth Cayre ------------------------------------ Kenneth Cayre Kenneth Cayre Grantor Retained Annuity Trust u/a/d 12/12/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre ------------------------------- Name: Lillian Cayre Title: Trustee Jack Kennedy Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre ------------------------------- Name: Lillian Cayre Title: Trustee Nathan Cayre Irrevocable Grantor Trust u/a/d 2/23/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre ------------------------------- Name: Lillian Cayre Title: Trustee Michelle P. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre ------------------------------- Name: Lillian Cayre Title: Trustee Exhibit 1 - page 1 Grace K. Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre --------------------------------- Name: Lillian Cayre Title: Trustee Raquel Cayre Irrevocable Grantor Trust u/a/d 4/3/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre --------------------------------- Name: Lillian Cayre Title: Trustee The Kenneth and Lillian Cayre Foundation Inc. u/a/d 4/3/95, Lillian Cayre, Trustee By:/s/ Lillian Cayre --------------------------------- Name: Lillian Cayre Title: Trustee Exhibit 1 - page 2 -----END PRIVACY-ENHANCED MESSAGE-----