SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1
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
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(CUSIP Number)
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Page 1 of 17 Pages
<PAGE>
AMENDMENT NO. 1 TO
SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 2 of 17 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph 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
6,694,756
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 6,694,756
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,694,756
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.1%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
-2-
<PAGE>
AMENDMENT NO. 1 TO
SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 3 of 17 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph Cayre Grantor Retained Annuity Trust
u/a/d/ 12/10/95, Trina 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
United States
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
75,244
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 75,244
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
75,244
- --------------------------------------------------------------------------------
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-
<PAGE>
AMENDMENT NO. 1 TO
SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 4 of 17 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael Cayre Irrevocable Grantor Trust u/a/d 2/22/95,
Trina 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
1,814,847
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 1,814,847
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,814,847
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.7%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-4-
<PAGE>
AMENDMENT NO. 1 TO
SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 5 of 17 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven Cayre Irrevocable Grantor Trust u/a/d 2/22/95,
Trina 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
1,814,847
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 1,814,847
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,814,847
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.7%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-5-
<PAGE>
AMENDMENT NO. 1 TO
SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 6 of 17 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Daniel Cayre Irrevocable Grantor Trust u/a/d 2/22/95,
Trina 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
1,814,847
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 1,814,847
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,814,847
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.7%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-6-
<PAGE>
AMENDMENT NO. 1 TO
SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 7 of 17 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Grace E. Cayre Irrevocable Grantor Trust u/a/d 2/22/95,
Trina 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
1,814,847
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 1,814,847
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,814,847
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.7%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
-7-
<PAGE>
ITEM 1(A). NAME OF ISSUER:
GT Interactive Software Corp.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
16 East 40th Street, New York, NY 10016
ITEM 2(A). NAME OF PERSON FILING:
Joseph Cayre
Joseph Cayre Grantor Retained Annuity Trust u/a/d 12/10/95, Trina
Cayre, Trustee
Michael Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre,
Trustee
Steven Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre,
Trustee
Daniel Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre,
Trustee
Grace E. Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre,
Trustee
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The principal business office of each of Joseph Cayre, Joseph Cayre
Grantor Retained Annuity Trust, Michael Cayre Irrevocable Grantor Trust, Steven
Cayre Irrevocable Grantor Trust, Daniel Cayre Irrevocable Grantor Trust, and
Grace E. Cayre Irrevocable Grantor Trust is 16 East 40th Street, New York, NY
10016.
ITEM 2(C). CITIZENSHIP:
Joseph Cayre: United States of America
Joseph Cayre Grantor Retained Annuity Trust u/a/d 12/10/95, Trina
Cayre, Trustee: New York
Michael Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre,
Trustee: New York
Steven Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre,
Trustee: New York
Daniel Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre,
Trustee: New York
Grace E. Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre,
Trustee: New York
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value (the "Common Stock")
-8-
<PAGE>
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.
Joseph Cayre:
(a) Amount beneficially owned: 6,694,756 shares
(b) percent of class: 10.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 6,694,756
(ii) Shared power to vote or to direct the vote Not Applicable
(iii) Sole power to dispose or to direct the disposition of
6,694,756
(iv) Shared power to dispose or to direct the disposition of Not
Applicable
Joseph Cayre Grantor Retained Annuity Trust u/a/d 12/10/95,
Trina Cayre, Trustee:
(a) Amount beneficially owned: 75,244 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 75,244
(ii) Shared power to vote or to direct the vote Not Applicable
(iii) Sole power to dispose or to direct the disposition of
75,244
(iv) Shared power to dispose or to direct the disposition of Not
Applicable
Michael Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre, Trustee:
(a) Amount beneficially owned: 1,814,847 shares
(b) percent of class: 2.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,814,847
(ii) Shared power to vote or to direct the vote Not Applicable
(iii) Sole power to dispose or to direct the disposition of
1,814,847
(iv) Shared power to dispose or to direct the disposition of Not
Applicable
Steven Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre, Trustee:
(a) Amount beneficially owned: 1,814,847 shares
(b) percent of class: 2.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,814,847
-9-
<PAGE>
(ii) Shared power to vote or to direct the vote Not Applicable
(iii) Sole power to dispose or to direct the disposition of
1,814,847
(iv) Shared power to dispose or to direct the disposition of Not
Applicable
Daniel Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre, Trustee:
(a) Amount beneficially owned: 1,814,847 shares
(b) percent of class: 2.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,814,847
(ii) Shared power to vote or to direct the vote Not Applicable
(iii) Sole power to dispose or to direct the disposition of
1,814,847
(iv) Shared power to dispose or to direct the disposition of Not
Applicable
Grace E. Cayre Irrevocable Grantor Trust u/a/d 2/22/95, Trina Cayre, Trustee:
(a) Amount beneficially owned: 1,814,847 shares
(b) percent of class: 2.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,814,847
(ii) Shared power to vote or to direct the vote Not Applicable
(iii) Sole power to dispose or to direct the disposition of
1,814,847
(iv) Shared power to dispose or to direct the disposition of Not
Applicable
Joseph 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 Joseph and
Trina Cayre. Trina Cayre, the wife of Joseph Cayre, is the trustee of the
Trusts. The filing of this Schedule 13G shall not be construed as an admission
that Joseph 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.
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
-10-
<PAGE>
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Exhibit 1, Agreement of joint filing pursuant to Rule 13d(1)-f
promulgated under the Securities Exchange Act of 1934.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
ITEM 10. CERTIFICATION.
Not applicable
-11-
<PAGE>
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 28, 1997
/s/ JOSEPH CAYRE
---------------------------------
Joseph Cayre
-12-
<PAGE>
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 28, 1997
Joseph Cayre Grantor Retained Annuity
Trust u/a/d 2/22/95, Trina Cayre, Trustee
By: /s/ TRINA CAYRE
-----------------------------------------
Trina Cayre
Title: Trustee
-13-
<PAGE>
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 28, 1997
Michael Cayre Irrevocable Grantor Trust u/a/d
2/22/95, Trina Cayre, Trustee
By: /s/ TRINA CAYRE
-----------------------------------------
Trina Cayre
Title: Trustee
-14-
<PAGE>
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 28, 1997
Steven Cayre Irrevocable Grantor Trust u/a/d
2/22/95, Trina Cayre, Trustee
By: /s/ TRINA CAYRE
-----------------------------------------
Trina Cayre
Title: Trustee
-15-
<PAGE>
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 28, 1997
Daniel Cayre Irrevocable Grantor Trust u/a/d
2/22/95, Trina Cayre, Trustee
By: /s/ TRINA CAYRE
-----------------------------------------
Trina Cayre
Title: Trustee
-16-
<PAGE>
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 28, 1997
Grace E. Cayre Irrevocable Grantor Trust u/a/d
2/22/95, Trina Cayre, Trustee
By: /s/ TRINA CAYRE
-----------------------------------------
Trina Cayre
Title: Trustee
-17-
<PAGE>
EXHIBIT 1
AGREEMENT OF JOINT FILING
Pursuant to Rule 13d-1(f) 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 28, 1997.
/s/ JOSEPH CAYRE
------------------------------------------
Joseph Cayre
Joseph Cayre Grantor Retained Annuity Trust
u/a/d 12/10/95, Trina Cayre, Trustee
By: /s/ TRINA CAYRE
-----------------------------------------
Trina Cayre
Title: Trustee
Michael Cayre Irrevocable Grantor Trust
u/a/d 2/22/95, Trina Cayre, Trustee
By: /s/ TRINA CAYRE
-----------------------------------------
Trina Cayre
Title: Trustee
Steven Cayre Irrevocable Grantor Trust
u/a/d 2/22/95, Trina Cayre, Trustee
By: /s/ TRINA CAYRE
-----------------------------------------
Trina Cayre
Title: Trustee
Daniel Cayre Irrevocable Grantor Trust
u/a/d 2/22/95, Trina Cayre, Trustee
By: /s/ TRINA CAYRE
-----------------------------------------
Trina Cayre
Title: Trustee
Grace E. Cayre Irrevocable Grantor Trust
u/a/d 2/22/95, Trina Cayre, Trustee
By: /s/ TRINA CAYRE
-----------------------------------------
Trina Cayre
Title: Trustee
