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OMB APPROVAL
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- ------ OMB Number: 3235-0287
FORM 4 Expires: September 30, 1998
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hours per response .... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
(Print or Type Response)
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1. NAME AND ADDRESS OF REPORTING PERSON* 2. ISSUER NAME AND TICKET OR TRADING SYMBOL 6. RELATIONSHIP OF REPORTING PERSON(S) TO
ISSUER (CHECK ALL APPLICABLE)
PEGASUS SYSTEMS, INC. (PEGS) X DIRECTOR 10% OWNER
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for
Number of Reporting Month/Year Officer (give Other (specify
Schnabel Rockwell A. Person (Voluntary) February, 1998 ---- title below) --- below)
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(Street) 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check Applicable Line)
11100 Santa Monica Blvd., #2020 (Month/Year)
--- Form filed by One Reporting
Person
--- Form filed by More than One
Reporting Person
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(City) (State) (Zip) Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Los Angeles, CA 90025
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ Indirect Owner-
Year) (I) ship
(Instr. 4) (Instr.
4)
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Code V Amount (A) or Price
(D)
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Common Stock 2/18/98 S 18,733 D $17.50 23,036 I By Infor-
mation
Assoc-
iates,
CV(1)
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Common Stock 2/18/98 S 187,819 D $17.50 1,308,874 I By Infor-
mation
Assoc-
iates,
LP(1)
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(1) Mr. Schnabel is a member of Trident Capital Management, LLC, which is general partner of these two partnerships. Mr. Schnabel
disclaims beneficial ownership of all shares in which he does not have an actual pecuniary interest.
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly Page 1 of 2
*If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (7-96)
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FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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<S> <C> <C>
9. Number of 10. Ownership 11. Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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Explanation of Responses:
*Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ [ILLEGIBLE] 3/10/98
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
*Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not Page 2 of 2
required to respond unless the form displays a currently valid OMB number. SEC 1474 (7-96)
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