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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________________)
Restrac, Inc.
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
76126W 10 8
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(CUSIP Number)
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CUSIP No. 76126W 10 8 13G Page 2 of 6 Pages
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1 NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO OF ABOVE PERSONS
Paul D. Spiro (SS# ###-##-####) and Joseph A. Bartoloni
(SS####-##-####) as trustees of the John P. Costello III Irrevocable
Trust and the Brett Ann Costello Irrevocable Trust.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Each reporting person is a citizen of Massachusetts, U.S.A.
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5 SOLE VOTING POWER
0
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 403,164
OWNED BY --------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 0
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8 SHARED DISPOSITIVE POWER
403,164
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
403,164
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.1%
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12 TYPE OF REPORTING PERSON*
Each reporting person is an IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 76126W 10 8 13G Page 3 of 6 Pages
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Item 1(a). Name of Issuer:
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Restrac, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
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3 Allied Drive, Dedham, MA 02026
Item 2(a). Name of Persons Filing:
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Paul D. Spiro and Joseph A. Bartoloni as trustees of the John P.
Costello III Irrevocable Trust and the Brett Ann Costello
Irrevocable Trust.
Item 2(b). Address of Principal Business Office or, if None, Residence:
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(1) Mr. Spiro's principal business address is:
102 Strawberry Lane, Abington, MA 02351
(2) Mr. Bartoloni's principal business address is:
125 Winding Cove Rd., Marston Mills, MA 02648
Item 2(c). Citizenship:
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Both reporting persons are citizens of Massachusetts, U.S.A.
Item 2(d). Title of Class of Securities:
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Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
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76126W 10 8
Item 3. If this statement is filed pursuant to Rule 13d-1(b), Or 13d-2(b),
check whether the person filing is a:
Not applicable
Item 4. Ownership.
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Messrs. Spiro and Bartoloni share voting and dispositive power
with respect to 201,582 shares which they beneficially own as
trustees of the John P. Costello III Irrevocable Trust and 201,582
shares which they beneficially own as trustees of the Brett Ann
Costello Irrevocable Trust.
(a) Amount beneficially owned: 403,164
(b) Percent of class: 5.1%
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CUSIP No. 76126W 10 8 13G Page 4 of 6 Pages
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(c) Number of shares as to which such persons have:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 403,164
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
403,164
Item 5. Ownership of Five Percent or Less of a Class:
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Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
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The beneficiary of the John P. Costello III Irrevocable Trust has
the right to receive the proceeds from the sale of the 201,582
shares beneficially owned by Paul D. Spiro and Joseph A. Bartoloni
as trustees of the John P. Costello III Irrevocable Trust, and the
beneficiary of the Brett Ann Costello Irrevocable Trust has the
right to receive the proceeds from the sale of the 201,582 shares
beneficially owned by Paul D. Spiro and Joseph A. Bartoloni as
trustees of the Brett Ann Costello Irrevocable Trust.
Item 7. Identification and Classification of the Subsidiary Which Acquired
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the Security Being Reported on by the Parent Holding Company:
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Not applicable.
Item 8. Identification and Classification of Members of the Group:
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Not applicable.
Item 9. Notice of Dissolution of the Group:
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Not applicable.
Item 10. Certification:
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Not applicable.
MATERIAL FILED AS EXHIBIT.
Exhibit 1--Joint Filing Agreement
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CUSIP No. 76126W 10 8 13G Page 5 of 6 Pages
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SIGNATURE
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.
February 7, 1997
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Date
/s/ Paul D. Spiro, Trustee
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Signature
Paul D. Spiro, Trustee
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Name/Title
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CUSIP No. 76126W 10 8 13G Page 6 of 6 Pages
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EXHIBIT 1
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JOINT FILING AGREEMENT
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This will confirm the agreement by Paul D. Spiro and Joseph A. Bartoloni
(collectively, the "Reporting Persons") in connection with that certain Schedule
13G to be filed on or about February 14, 1997 with respect to the common stock,
par value $.01 per share (the "Common Stock"), of Restrac, Inc (the "Company")
pertaining to the beneficial ownership by the Reporting Persons of shares of
such common stock (the "Schedule 13G"). The undersigned hereby agree with
respect to such filing on Schedule 13G as follows:
(i) No Reporting Person nor any affiliate of any Reporting Person makes
any representation with respect to, nor bears any responsibility for, any of the
information set forth with respect to any other "person" who or which is or
becomes a party to or a member of any "group" (as such terms are defined and
used in Section 13(d) of the Securities Exchange Act of 1934, as amended, and
Regulation 13D-G promulgated thereunder) for whom or which information is
included in such Schedule 13G.
(ii) Subject to paragraph (i) above, the undersigned hereby confirm the
agreement by and between both of them that the Schedule 13G is being filed on
behalf of each of the parties named below.
This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.
Dated: February 7, 1997
By: /s/ Paul D. Spiro, Trustee
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Name: Paul D. Spiro, Trustee
Title:
By: /s/ Joseph A. Bartoloni, Trustee
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Name: Joseph A. Bartoloni, Trustee
Title:
