-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, Q1c2yHiiH4/fuxB7uISDDYOHmwG5h/VU5iJIi/iJKh3pyKSK3uyUKpZ6IhtryELa g5NOYj6zHsKjFXU2TjrVEA== 0000912057-94-001874.txt : 19940526 0000912057-94-001874.hdr.sgml : 19940526 ACCESSION NUMBER: 0000912057-94-001874 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940525 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STERLING SOFTWARE INC CENTRAL INDEX KEY: 0000716714 STANDARD INDUSTRIAL CLASSIFICATION: 7372 IRS NUMBER: 751873956 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-35017 FILM NUMBER: 94530402 BUSINESS ADDRESS: STREET 1: 8080 N CENTRAL EXPWY STE 1100 CITY: DALLAS STATE: TX ZIP: 75206 BUSINESS PHONE: 2148918600 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WYLY SAM CENTRAL INDEX KEY: 0000909761 STANDARD INDUSTRIAL CLASSIFICATION: FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 8080 N CENTRAL EXPRESSWAY STREET 2: LB 31 CITY: DALLAS STATE: TX ZIP: 75206 SC 13D/A 1 SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 20) Sterling Software, Inc. - -------------------------------------------------------------------------------- (NAME OF ISSUER) Common Stock, par value $0.10 per share - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 859547-10-1 ------------------------------------------------------------ (CUSIP NUMBER) Michael C. French 901 Main Street, Suite 6000 Dallas, Texas 75202 (214) 953-6000 - -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) May 2, 1994 ------------------------------------------------------------ (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 / /. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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). Page 1 of 11 Pages CUSIP NO. 859547-10-1 13D PAGE 2 OF 11 PAGES - ----------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Sam Wyly ###-##-#### - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/ (b) / / - ----------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ----------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ----------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 334,100 BENEFICIALLY --------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 300,000 REPORTING --------------------------------------------- 9 SOLE DISPOSITIVE POWER PERSON 634,100 WITH --------------------------------------------- 10 SHARED DISPOSITIVE POWER 300,000 - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 934,100 - ----------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 859547-10-1 13D PAGE 3 OF 11 PAGES - ----------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Charles J. Wyly, Jr. ###-##-#### - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/ (b) / / - ----------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ----------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / / - ----------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 625,444 BENEFICIALLY ----------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 300,000 REPORTING ----------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 775,444 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 300,000 - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,075,444 - ----------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 859547-10-1 13D PAGE 4 OF 11 PAGES - ----------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Maverick Entrepreneurs Fund, Ltd. (f/k/a First Dallas Limited) 75-231-9145 - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/ (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) / / - ----------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas - ----------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 300,000 ----------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 0 ----------------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 300,000 ----------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 300,000 - ----------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 859547-10-1 13D PAGE 5 OF 11 PAGES - ----------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Wyly Group - ----------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/ (b) / / - ----------------------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO - ----------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ----------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas - ----------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,259,544 ----------------------------------- OWNED BY 8 SHARED VOTING POWER EACH REPORTING 0 ----------------------------------- PERSON 9 SOLE DISPOSITIVE POWER WITH 1,709,544 ----------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ----------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,709,544 - ----------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ----------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.3% - ----------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN, PN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP NO. 859547-10-1 13D PAGE 6 OF 11 PAGES Pursuant to Rule 13d-2(c) of the Act, this Schedule 13D is being amended and restated in its entirety. Item 1. SECURITY AND ISSUER. This statement relates to the Common Stock, $.10 par value per share (the "Common Stock"), of Sterling Software, Inc., a Delaware corporation (the "Company"). The address of the principal executive offices of the Company is 8080 North Central Expressway, Suite 1100, Dallas, Texas 75206. Item 2. IDENTITY AND BACKGROUND. The names of the persons filing this statement are Sam Wyly, Charles J. Wyly, Jr. and Maverick Entrepreneurs Fund, Ltd. ("Maverick Entrepreneurs"), a limited partnership formerly known as First Dallas Limited, of which Sam Wyly and Charles J. Wyly, Jr. are the only general partners. Sam Wyly, Charles J. Wyly, Jr., and Maverick Entrepreneurs are sometimes collectively referred to herein as the "Reporting Persons." The principal business and office address of each of the Reporting Persons is 8080 North Central Expressway, Suite 1300, Dallas, Texas 75206. Sam Wyly is principally employed as Chairman of the Board of Directors of each of the Company and Michaels Stores, Inc. and is the Chief Executive Officer of Michaels Stores, Inc. Charles J. Wyly, Jr. is principally employed as Vice Chairman of the Board of Directors of each of the Company and Michaels Stores, Inc. The principal business address of Michaels Stores, Inc. is 5931 Campus Circle Drive, Las Colinas Business Park, Irving, Texas 75063. No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). No Reporting Person has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or 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 or finding any violation with respect to such laws. Sam Wyly and Charles J. Wyly, Jr. are citizens of the United States. Maverick Entrepreneurs is a Texas limited partnership. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. As further described in Item 5 herein, on January 31, 1994, certain trusts of which Sam Wyly is trustee exercised warrants to purchase an aggregate of 53,728 shares of Common Stock. The exercise price was paid out of available funds. Also as further described in Item 5 herein, on January 31, 1994, certain trusts of which Charles J. Wyly, Jr. is trustee exercised warrants CUSIP NO. 859547-10-1 13D PAGE 7 OF 11 PAGES to purchase an aggregate of 98,320 shares of Common Stock. The exercise price was paid out of available funds. The options described in Item 5 as held by Sam Wyly and Charles J. Wyly, Jr. were previously granted to Sam Wyly and Charles J. Wyly, Jr. under the Company's 1992 Non-Statutory Stock Option Plan. Item 4. PURPOSE OF TRANSACTION. The shares of Common Stock acquired by the Reporting Persons were acquired for investment. Depending on market conditions and other factors they may deem material to an investment decision, any of the Reporting Persons may purchase additional shares of Common Stock or may dispose of all or a portion of the shares of Common Stock they now beneficially own or may hereafter acquire. Except as set forth in this Item 4, none of the Reporting Persons has any present plans or proposals that relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. Item 5. INTEREST IN SECURITIES OF THE ISSUER. On January 31, 1994, two trusts of which Sam Wyly is trustee exercised warrants to purchase an aggregate of 53,728 shares of Common Stock, as detailed below:
TYPE OF NUMBER OF WARRANT SHARES NAME OF TRUST EXERCISED PURCHASED ------------- --------- --------- 1. The Laurie L. Wyly Revocable Trust Series B 17,864 Series F 9,000 2. The Lisa Wyly Revocable Trust Series B 17,864 Series F 9,000
On January 31, 1994, five trusts of which Charles J. Wyly, Jr. is trustee exercised warrants to purchase an aggregate of 98,320 shares of Common Stock, as detailed below:
TYPE OF NUMBER OF WARRANT SHARES NAME OF TRUST EXERCISED PURCHASED ------------- --------- --------- 1. The Martha Caroline Wyly Trust Series B 17,864 2. The Charles J. Wyly, III Trust Series B 17,864 3. The Emily Ann Wyly Trust Series B 17,864 4. The Sam Wyly and Rosemary Wyly Series B 17,864 Children's Trust No. 1 of 1965 for the Series F 9,000 benefit of Kelly Wyly CUSIP NO. 859547-10-1 13D PAGE 8 OF 11 PAGES 5. The Jennifer Lynn Wyly Series B 17,864 Trust
On July 1, 1993, Sam Wyly was granted an option to purchase 300,000 shares of Common Stock, which option will become fully exercisable on July 1, 1994. As a result, Sam Wyly is deemed to have become the beneficial owner of 300,000 additional shares of Common Stock on May 2, 1994. On July 1, 1993, Charles J. Wyly, Jr. was granted an option to purchase 150,000 shares of Common Stock, which option will become fully exercisable on July 1, 1994. As a result, Charles J. Wyly, Jr. is deemed to have become the beneficial owner of 150,000 additional shares of Common Stock on May 2, 1994. OWNERSHIP Sam Wyly beneficially owns 934,100 shares, or 4.6%, of the Common Stock of the Company. Sam Wyly beneficially owns 300,000 of such shares by virtue of his ownership of options, beneficially owns 138,612 of such shares as sole general partner of Tallulah, Ltd., beneficially owns 300,000 of such shares as a general partner of Maverick Entrepreneurs and beneficially owns an aggregate of 195,488 of such shares as trustee of the trusts listed below:
NUMBER OF SHARES NAME OF TRUST BENEFICIALLY OWNED ------------- ------------------ 1. The Christiana Parker Wyly Trust 34,890 2. The Andrew David Sparrow Wyly Trust 34,890 3. The Laurie L. Wyly Revocable Trust 63,954 4. The Lisa Wyly Revocable Trust 61,754
Sam Wyly possesses sole voting power with respect to 334,100 shares of Common Stock, sole dispositive power with respect to 634,100 shares of Common Stock and shared voting and dispositive power with respect to 300,000 shares of Common Stock. Charles J. Wyly, Jr. beneficially owns 1,075,444 shares, or 5.3%, of the Common Stock of the Company. Charles Wyly beneficially owns 150,000 of such shares by virtue of his ownership of options, beneficially owns 256,574 of such shares as sole general partner of Brush Creek, Ltd., beneficially owns 300,000 of such shares as a general partner of Maverick Entrepreneurs, and beneficially owns an aggregate of 368,870 of such shares as trustee of the trusts listed below:
NUMBER OF SHARES NAME OF TRUST BENEFICIALLY OWNED ------------- ------------------ 1. The Martha Caroline Wyly Trust 76,754 2. The Charles J. Wyly, III Trust 76,754 CUSIP NO. 859547-10-1 13D PAGE 9 OF 11 PAGES 3. The Emily Ann Wyly Trust 76,754 4. The Sam Wyly and Rosemary Wyly 61,854 Children's Trust No. 1 of 1965 for the benefit of Kelly Wyly 5. The Jennifer Lynn Wyly Trust 76,754
Charles J. Wyly, Jr. possesses sole voting power with respect to 625,444 shares of Common Stock, sole dispositive power with respect to 775,444 shares of Common Stock and shared voting and dispositive power with respect to 300,000 shares of Common Stock. Maverick Entrepreneurs beneficially owns and possesses sole voting and dispositive power with respect to 300,000 shares, or 1.5%, of the Common Stock of the Company. The Reporting Persons as a group beneficially own 1,709,544 shares, or 8.3%, of the Common Stock of the Company. The Reporting Persons as a group possess sole voting power with respect to 1,259,544 shares of Common Stock and sole dispositive power with respect to 1,709,544 shares of Common Stock. Except as otherwise reflected in this Item 5, no transactions in the Common Stock were effected by any of the Reporting Persons during the last 60 days or since the most recent filing on Schedule 13D, whichever is less. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. Item 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1. Agreement pursuant to Rule 13d-1(f)(1)(iii). CUSIP NO. 859547-10-1 13D PAGE 10 OF 11 PAGES SIGNATURES After reasonable inquiry, and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: May 25, 1994 /s/ Sam Wyly --------------------------------------------- Sam Wyly /s/ Charles J. Wyly, Jr. --------------------------------------------- Charles J. Wyly, Jr. MAVERICK ENTREPRENEURS FUND, LTD. (formerly FIRST DALLAS LIMITED) By: /s/ Sam Wyly ----------------------------------------- Sam Wyly, General Partner By: /s/ Charles J. Wyly, Jr. ----------------------------------------- Charles J. Wyly, Jr., General Partner CUSIP NO. 859547-10-1 13D PAGE 11 OF 11 PAGES EXHIBIT 1 Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G of the General Rules and Regulations of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, the undersigned agree that the statement to which this Exhibit is attached is filed on behalf of each of them. Date: May 25, 1994 /s/Sam Wyly --------------------------------------------- Sam Wyly /s/ Charles J. Wyly, Jr. --------------------------------------------- Charles J. Wyly, Jr. MAVERICK ENTREPRENEURS FUND, LTD. (formerly FIRST DALLAS LIMITED) By: /s/ Sam Wyly, ------------------------------------------ Sam Wyly, General Partner By: /s/ Charles J. Wyly, Jr. ------------------------------------------ Charles J. Wyly, Jr., General Partner -----END PRIVACY-ENHANCED MESSAGE-----