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.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
36236E 10 9
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(CUSIP Number)
Page 1 of 7 Pages
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AMENDMENT NO. 1 TO
SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 2 of 7 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jack J. Cayre
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5) SOLE VOTING POWER
3,674,291 (See Item 4)
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 3,674,291 (See Item 4)
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,674,291 (See Item 4)
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
IN
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<PAGE>
AMENDMENT NO. 1 TO
SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 3 of 7 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jack J. Cayre Grantor Retained Annuity Trust
u/a/d 12/10/95, Joseph Cayre, Trustee
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5) SOLE VOTING POWER
18,794
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 18,794
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
18,794
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.03%
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12) TYPE OF REPORTING PERSON
OO
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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:
Jack J. Cayre
Jack J. Cayre Grantor Retained Annuity Trust u/a/d 12/10/95, Joseph
Cayre, Trustee
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The principal business office of Jack J. Cayre and Jack J. Cayre
Grantor Retained Annuity Trust is 16 East 40th Street, New York, NY 10016.
ITEM 2(C). CITIZENSHIP:
Jack J. Cayre: United States of America
Jack J. Cayre Grantor Retained Annuity Trust u/a/d 12/10/95,
Joseph Cayre, Trustee: New York
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.
Jack J. Cayre:
(a) Amount beneficially owned: 3,674,291 shares/*/
(b) percent of class: 5.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 3,674,291/*/
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(ii) Shared power to vote or to direct the vote Not Applicable
(iii) Sole power to dispose or to direct the disposition of
3,674,291/*/
(iv) Shared power to dispose or to direct the disposition of
Not Applicable
/*/ Includes 63,000 shares subject to options exercisable within
60 days.
Jack J. Cayre Grantor Retained Annuity Trust u/a/d 12/10/95,
Joseph Cayre, Trustee:
(a) Amount beneficially owned: 18,794 shares
(b) percent of class: 0.03%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 18,794
(ii) Shared power to vote or to direct the vote Not Applicable
(iii) Sole power to dispose or to direct the disposition of
18,794
(iv) Shared power to dispose or to direct the disposition of
Not Applicable
Jack J. Cayre is the beneficiary of the reporting Grantor Retained
Annuity Trust (the "Trust"). Joseph Cayre, who is Jack's father, is the trustee
of the Trust.
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)-f
promulgated under the Securities Exchange Act of 1934.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
ITEM 10. CERTIFICATION.
Not applicable
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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/ JACK J. CAYRE
----------------------------------
Jack J. Cayre
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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
Jack J. Cayre Grantor Retained Annuity Trust
u/a/d 12/10/95, Joseph Cayre, Trustee
By: /s/ JOSEPH CAYRE
-----------------------------------------
Joseph Cayre
Title: Trustee
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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/ JACK J. CAYRE
-----------------------------------------
Jack J. Cayre
Jack J. Cayre Grantor Retained Annuity
Trust u/a/d 12/10/95, Joseph Cayre, Trustee
By: /s/ JOSEPH CAYRE
-----------------------------------------
Joseph Cayre
Title: Trustee
