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)
Page 1 of 13 Pages
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 2 of 13 Pages
- -------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jack J. 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
3,192,500 (See Item 4)
NUMBER ----------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY ----------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 3,192,500 (See Item 4)
REPORTING -----------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- -------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,192,500 (See Item 4)
- -------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [_]
- -------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.7%
- -------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------------
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 3 of 13 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) [_]
(b) [X]
- -------------------------------------------------------------------------------
3) SEC USE ONLY
- -------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
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%
- -------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- -------------------------------------------------------------------------------
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 4 of 13 Pages
- -------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jack J. Cayre 1997 Irrevocable Retained Annuity Trust
u/a/d/ 6/4/97, Joseph 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
86,206
NUMBER ----------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY ----------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 86,206
REPORTING -----------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- -------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
86,206
- -------------------------------------------------------------------------------
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
- -------------------------------------------------------------------------------
<PAGE>
Amendment No. 2 to SCHEDULE 13G
CUSIP No. 36236E 10 9 Page 5 of 13 Pages
- -------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jack J. 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
475,085
NUMBER ----------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not Applicable
BENEFICIALLY ----------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 475,085
REPORTING -----------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- -------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
475,085
- -------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [_]
- -------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
- -------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- -------------------------------------------------------------------------------
<PAGE>
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:
Jack J. Cayre
Jack J. Cayre Grantor Retained Annuity Trust u/a/d 12/10/95,
Joseph Cayre, Trustee
Jack J. Cayre 1997 Irrevocable Retained Annuity Trust u/a/d
6/4/97, Joseph J. Cayre, Trustee
The Jack J. Cayre Foundation Inc.
Item 2(b). Address of Principal Business Office or, if None, Residence:
The principal business office of Jack J. Cayre, Jack J. Cayre
Grantor Retained Annuity Trust and Jack J. Cayre 1997
Irrevocable Retained Annuity Trust is 417 Fifth Avenue, 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
Jack J. Cayre 1997 Irrevocable Retained Annuity Trust u/a/d 6/4/97,
Joseph J. Cayre, Trustee: New York
The Jack J. Cayre Foundation Inc.: Delaware
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
<PAGE>
Item 4. Ownership.
Jack J. Cayre:
(a) Amount beneficially owned: 3,192,500 shares*
(b) percent of class: 4.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 3,192,500*
(ii) Shared power to vote or to direct the vote Not
Applicable
(iii) Sole power to dispose or to direct the disposition of
3,192,500*
(iv) Shared power to dispose or to direct the disposition
of Not Applicable
* Includes 142,500 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 1997 Irrevocable Retained Annuity Trust u/a/d 6/4/97, Joseph J.
Cayre, Trustee:
(a) Amount beneficially owned: 86,206 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 86,206
(ii) Shares power to vote or to direct the vote Not
Applicable
(iii) Sole power to dispose or to direct the disposition of
86,206
(iv) Shares power to dispose or to direct the disposition
of Not Applicable
The Jack J. Cayre Foundation Inc.:
(a) Amount beneficially owned: 475,085 shares
(b) percent of class: 0.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote 475,085
(ii) Shared power to vote or to direct the vote Not
Applicable
(iii) Sole power to dispose or to direct the disposition of
475,085
(iv) Shared power to dispose or to direct the disposition
Not Applicable
Jack J. Cayre is the beneficiary of the reporting Grantor Retained
Annuity Trust and Irrevocable Retained Annuity Trust. The Jack J. Cayre
Foundation Inc. (the "Foundation") is a charitable foundation whose sole trustee
is Jack J. Cayre. The filing of this Schedule 13G shall not be construed as an
admission that Jack J. Cayre is, for the purposes of Section 13(d) or 13(g) of
the
<PAGE>
Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner
of any of the Common Stock held by 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)-f
promulgated under the Securities Exchange Act of 1934.
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
Not applicable
<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 17, 1998
/s/ Jack J. Cayre
-----------------------------------
Jack J. Cayre
<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 17, 1998
Jack J. Cayre Grantor Retained Annuity Trust
u/a/d 12/10/95, Joseph Cayre, Trustee
By: /S/ Joseph Cayre
----------------------------------
Joseph Cayre
Title: Trustee
<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 17, 1998
Jack J. Cayre 1997 Irrevocable Retained Annuity
Trust u/a/d 6/4/97, Joseph J. Cayre, Trustee
By: /s/ Joseph J. Cayre
-------------------------------------
Joseph J. Cayre
Title: Trustee
<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 17, 1998
The Jack J. Cayre Foundation, Inc.
By: /s/ Jack J. Cayre
-------------------------------------
Jack J. Cayre
Title: Trustee
<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 17, 1998.
/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 J. Cayre
-------------------------------------
Joseph J. Cayre
Title: Trustee
Jack J. Cayre 1997 Irrevocable Retained Annuity Trust
u/a/d 6/4/97, Joseph J. Cayre, Trustee
By: /s/ Joseph J. Cayre
-------------------------------------
Joseph J. Cayre
Title: Trustee
The Jack J. Cayre Foundation Inc.
By: /s/ Jack J. Cayre
-------------------------------------
Jack J. Cayre
Title: Trustee
Exhibit 1
