-----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, O7woYEARKC2pKahgU2qwXxeIqsehlpxVh/DTNeTJlEqL9cGv2sMnRwGtEhKArokg QtTfXDRH7SVUOvFcHhWFPQ== 0001033453-97-000001.txt : 19970222 0001033453-97-000001.hdr.sgml : 19970222 ACCESSION NUMBER: 0001033453-97-000001 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970213 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LEGATO SYSTEMS INC CENTRAL INDEX KEY: 0000859360 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 943077394 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45291 FILM NUMBER: 97530232 BUSINESS ADDRESS: STREET 1: 3145 PORTER DR CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 4158126000 MAIL ADDRESS: STREET 1: 3210 PORTER DRIVE CITY: PALO ALTO STATE: CA ZIP: 94304 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COLE LOUIS C CENTRAL INDEX KEY: 0001033453 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3210 PORTER DR CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 4158126046 SC 13G/A 1 13G SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1)1 LEGATO SYSTEMS, INC. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 524651106 (CUSIP Number) 1 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 10 Pages Exhibit Index Contained on Page 9 CUSIP NO. 524651106 13G Page 2 of 10 Pages - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON LOUIS C. COLE - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ----------- -------------------------------------------------------------------- - ----------------------------------- -------- ----------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 227,141 shares issuable upon exer- cise of options. -------- ----------------------------------- -------- ----------------------------------- OWNED BY REPORTING 6 SHARED VOTING POWER PERSON WITH 821,846 shares, all of which are directly owned by The Louis & Jolene 1988 Revocable Trust, Dated November 7, 1988 (the "Cole Trust"). Mr. Cole is a trustee of the Cole Trust and may be deemed to have shared power to vote these shares. -------- ----------------------------------- -------- ----------------------------------- 7 SOLE DISPOSITIVE POWER 227,141 shares issuable upon exer- cise of options. -------- ----------------------------------- -------- ----------------------------------- 8 SHARED DISPOSITIVE POWER 821,846 shares, all of which are directly owned by The Louis & Jolene 1988 Revocable Trust, Dated November 7, 1988 (the "Cole Trust"). Mr. Cole is a trustee of the Cole Trust and may be deemed to have shared power to dispose of these shares. - ----------------------------------- -------- ----------------------------------- - ----------- -------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 1,039,987 shares - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES N/A - ----------- -------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.1% - ----------- -------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - ----------- -------------------------------------------------------------------- CUSIP NO. 524651106 13G Page 3 of 10 Pages - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON JOLENE COLE - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ----------- -------------------------------------------------------------------- - ----------------------------------- -------- ----------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 0 shares. -------- ----------------------------------- -------- ----------------------------------- OWNED BY REPORTING 6 SHARED VOTING POWER PERSON WITH 821,846 shares, all of which are directly owned by The Louis & Jolene 1988 Revocable Trust, Dated November 7, 1988 (the "Cole Trust"). Mrs. Cole is a trustee of the Cole Trust and may be deemed to have shared power to vote these shares. -------- ----------------------------------- -------- ----------------------------------- 7 SOLE DISPOSITIVE POWER 0 shares. -------- ----------------------------------- -------- ----------------------------------- 8 SHARED DISPOSITIVE POWER 821,846 shares, all of which are directly owned by The Louis & Jolene 1988 Revocable Trust, Dated November 7, 1988 (the "Cole Trust"). Mrs. Cole is a trustee of the Cole Trust and may be deemed to have shared power to dispose of these shares. - ----------------------------------- -------- ----------------------------------- - ----------- -------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 821,846 shares - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES N/A - ----------- -------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.85% - ----------- -------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - ----------- -------------------------------------------------------------------- CUSIP NO. 524651106 13G Page 4 of 10 Pages - ----------- -------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON THE LOUIS & JOLENE COLE 1988 REVOCABLE TRUST, DATED NOVEMBER 7, 1988 (the "COLE TRUST") - ----------- -------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) ( X ) - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 3 SEC USE ONLY - ----------- -------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION A CALIFORNIA TRUST - ----------- -------------------------------------------------------------------- - ----------------------------------- -------- ----------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES BENEFICIALLY 821,846 shares, except that Mr. and Mrs. Cole, as trustees of the OWNED BY Cole Trust, may be deemed to have REPORTING shared power to vote these shares. PERSON -------- ----------------------------------- WITH -------- ----------------------------------- 6 SHARED VOTING POWER See response in Row 5 above. -------- ----------------------------------- -------- ----------------------------------- 7 SOLE DISPOSITIVE POWER 821,846 shares, except that Mr. and Mrs. Cole, as trustees of the Cole Trust, may be deemed to have shared power to dispose of these shares. -------- ----------------------------------- -------- ----------------------------------- 8 SHARED DISPOSITIVE POWER See response in Row 7 above. - ----------------------------------- -------- ----------------------------------- - ----------- -------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 821,846 shares - ----------- -------------------------------------------------------------------- - ----------- -------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES N/A - ----------- -------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.85% - ----------- -------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO - ----------- -------------------------------------------------------------------- ITEM 1(a). NAME OF ISSUER: Legato Systems, Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 3210 Porter Drive Palo Alto, CA 94304 ITEM 2(a). NAME OF PERSONS FILING. This Statement is filed by Louis C. Cole, Jolene Cole and The Louis & Jolene Cole 1988 Revocable Trust, Dated November 7, 1988 (the "Cole Trust"). The foregoing individuals and entity are collectively referred to as the "Reporting Persons." Louis C. Cole and Jolene Cole are the trustees of the Cole Trust, and each may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by the Cole Trust. ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: The address for each of the Reporting Persons is: Legato Systems, Inc. 3210 Porter Drive Palo Alto, CA 94304 ITEM 2(c). CITIZENSHIP: Louis C. Cole and Jolene Cole are United States citizens. The Cole Trust is a trust formed under the laws of the State of California. ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock ITEM 2(e). CUSIP NUMBER: 524651106 ITEM 3. Not Applicable. ITEM 4. OWNERSHIP: The following information with respect to the ownership of Common Stock of the Issuer by the persons filing this Statement is provided as of December 31, 1996: (a) Amount beneficially owned: See Row 9 of cover page for each Reporting Person. (b) Percent of Class: See Row 11 of cover page for each Reporting Person. (c) Number of shares as to which such person has Sole power to vote or to direct the vote: See Row 5 of cover page for each Reporting Person. Shared power to vote or to direct the vote: See Row 6 of cover page for each Reporting Person. Sole power to dispose or to direct the disposition of: See Row 7 of cover page for each Reporting Person. Shared power to dispose or to direct the disposition of: See Row 8 of cover page for each Reporting Person. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: One of the reporting persons, Louis C. Cole, continues to be the beneficial owner more than 5% of the class of securities, as indicated on such reporting person's cover page. This statement is being filed to report the fact that as of the date hereof two of the Reporting Persons, Jolene Cole and the "Cole Trust," have ceased to be the beneficial owners of more than five percent of the class of securities, as indicated by having checked the following: ( X ) ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Pursuant to the provisions of the Cole Trust agreement, the beneficiaries of the Cole Trust may, under certain circumstances, be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer held by the Cole Trust. 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: Not Applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP: Not Applicable. ITEM 10. CERTIFICATION: Not Applicable. SIGNATURES 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 13, 1997 /s/ Louis C. Cole LOUIS C. COLE /s/ Jolene Cole JOLENE COLE THE LOUIS & JOLENE COLE 1988 REVOCABLE TRUST, DATED NOVEMBER 7, 1988 By: /s/ Louis C. Cole Louis C. Cole, Trustee EXHIBIT INDEX Found on Sequentially Exhibit Numbered Page Exhibit A: Agreement of Joint Filing Page 10 EXHIBIT A Agreement of Joint Filing The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of Legato Systems, Inc. shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G. Executed this 13th day of February, 1997. /s/ Louis C. Cole LOUIS C. COLE /s/ Jolene Cole JOLENE COLE THE LOUIS & JOLENE COLE 1988 REVOCABLE TRUST, DATED NOVEMBER 7, 1988 By: /s/ Louis C. Cole Louis C. Cole, Trustee -----END PRIVACY-ENHANCED MESSAGE-----