THINKING TOOLS INC
SC 13G, 1997-02-18
EDUCATIONAL SERVICES
Previous: THINKING TOOLS INC, SC 13G, 1997-02-18
Next: CWABS INC, 8-K, 1997-02-18





                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934


                              Thinking Tools, Inc.
                              --------------------
                                (Name of Issuer)

                     Common Stock, par value $.001 per share
                     ---------------------------------------
                         (Title of Class of Securities)

                                   884098 10 4
                                 --------------
                                 (CUSIP Number)



*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).


















                         (Continued on following pages)
                               (Page 1 of 6 Pages)


<PAGE>

<TABLE>
<CAPTION>





           CUSIP NO. 884098 10 4                         13G                           Page 2 of 6 Pages
- -------------------------------------------                                 ------------------------------------------



<S>     <C>                                                                                                <C>
                                                                              
1        Name of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above Persons

         John Hiles

2        Check the Appropriate Box if a Member of a Group                                                  (a)     |_|

                                                                                                           (b)     |_|
3        SEC Use Only

4        Citizenship or Place of Organization
         United States of America

               Number of                5       Sole Voting Power
                Shares                          1,076,677*
             Beneficially               6       Shared Voting Power       
               Owned by                         0                         
                 Each                   7       Sole Dispositive Power    
               Reporting                        1,076,677*                
              Person with               8       Shared Dispositive Power  
                                                0                         

9        Aggregate Amount Beneficially Owned by Each Reporting Person
         1,076,677*

10       Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares                                      |_|

11       Percent of Class Represented by Amount in Row 9
         23.2%

12       Type of Reporting Person
         IN
- -------  -----------------------------------------------------------------------------------------------------------





- --------

         *  Includes 75,454 shares of common stock which may be purchased by
            Thinking Technologies, L.P., a principal stockholder of the Issuer
            ("Technologies"), upon the exercise of an outstanding option for
            $5.00 per share.


<PAGE>






           CUSIP NO. 884098 10 4                         13G                           Page 3 of 6 Pages
- -------------------------------------------                                 ------------------------------------------


Item 1(a).        Name of Issuer:

                  Thinking Tools, Inc.

Item 1(b).        Address of Issuer's Principal Executive Offices:

                  One Lower Ragsdale Drive, 1-250, Monterey, California 93940

Item 2(a).        Name of Person Filing:

                  John Hiles

Item 2(b).        Address of Principal Office, or if None, Residence:

                  c/o Thinking Tools, Inc.
                  One Lower Ragsdale Drive, 1-250
                  Monterey, California 93940

Item 2(c).        Citizenship:

                  John Hiles is a citizen of the United States of America.

Item 2(d).        Title of Class of Securities:

                  Common Stock, par value $.001 per share.

Item 2(e).        CUSIP Number:

                  884098 10 4

Item 3.           Because this Statement is not Filed Pursuant to
                  Rules 13d-1(b) or 13d-2(b), this Item Is:

                  Not Applicable.




<PAGE>






           CUSIP NO. 884098 10 4                         13G                           Page 4 of 6 Pages
- -------------------------------------------                                 ------------------------------------------


Item 4.           Ownership:

                  John Hiles

                  (a)      Amount Beneficially Owned: 1,076,677*
                  (b)      Percent of Class: 23.2%
                  (c)      Number of shares as to which such person has:
                           (i)      sole power to vote or to direct the vote:
                                    1,076,677*
                           (ii)     shared power to vote or to direct the vote:
                                    -0-
                           (iii)    sole power to dispose or to direct the disposition of:
                                    1,076,677*
                           (iv)     shared power to dispose or to direct the disposition of:
                                    -0-

Item 5.           Ownership of Five Percent or Less of a Class:

                  If this statement is being filed to report the fact that as of
                  the date hereof the reporting person has ceased to be the
                  beneficial owner of more than five percent of the class
                  securities, check the following [ ].

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 a Group:

                  Not Applicable.

Item 9.           Notice of Dissolution of Group:

                  Not Applicable.


- --------


      *  Includes 75,454 shares of common stock which may be purchased by
         Technologies upon the exercise of an outstanding option for $5.00 per
         share.


<PAGE>






           CUSIP NO. 884098 10 4                         13G                           Page 5 of 6 Pages
- -------------------------------------------                                 ------------------------------------------


Item 10.          Certification:

                  Not Applicable.





<PAGE>






           CUSIP NO. 884098 10 4                         13G                           Page 6 of 6 Pages
- -------------------------------------------                                 ------------------------------------------

                                    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.

Dated: February 14, 1997

                                                 JOHN HILES

                                                 /s/ John Hiles
                                                 ----------------------


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission