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OMB APPROVAL
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OMB Number: 3235-0145
Expires: August 31, 1999
Estimated average burden
hours per response........14.90
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
TIER TECHNOLOGIES, INC.
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(Name of Issuer)
CLASS B COMMON STOCK
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(Title of Class of Securities)
8865Q 10 0
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(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 ("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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
Page 1 of 4
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CUSIP NO. 8865Q 10 0 13G PAGE 2 OF 4 PAGES
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO(S). OF ABOVE PERSONS (ENTITIES ONLY)
TIER TECHNOLOGIES, INC. VOTING TRUST
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
NOT APPLICABLE
________________________________________________________________________________
5. SOLE VOTING POWER
1,566,337 SHARES (INCLUDES 1,546,337 SHARES OF CLASS A
NUMBER OF COMMON STOCK HELD BY THE TIER TECHNOLOGIES, INC. VOTING
TRUST ("VOTING TRUST") THAT ARE CONVERTIBLE INTO AN EQUAL
SHARES NUMBER OF SHARES OF CLASS B COMMON STOCK. ALSO INCLUDES
VESTED STOCK OPTIONS THAT GIVE EACH OF JAMES L. BILDNER AND
BENEFICIALLY WILLIAM G. BARTON THE RIGHT TO ACQUIRE AN ADDITIONAL 10,000
SHARES OF CLASS A COMMON STOCK, WHICH UPON ISSUANCE SHALL BE
OWNED BY HELD BY THE VOTING TRUST.)
_________________________________________________________________
EACH 6. SHARED VOTING POWER
REPORTING NONE
_________________________________________________________________
PERSON 7. SOLE DISPOSITIVE POWER
WITH: NONE
_________________________________________________________________
8. SHARED DISPOSITIVE POWER
NONE
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,566,337 SHARES (INCLUDES 1,546,337 SHARES OF CLASS A COMMON STOCK HELD BY
THE TIER TECHNOLOGIES, INC. VOTING TRUST ("VOTING TRUST") THAT ARE
CONVERTIBLE INTO AN EQUAL NUMBER OF SHARES OF CLASS B COMMON STOCK. ALSO
INCLUDES VESTED STOCK OPTIONS THAT GIVE EACH OF JAMES L. BILDNER AND
WILLIAM G. BARTON THE RIGHT TO ACQUIRE AN ADDITIONAL 10,000 SHARES OF CLASS
A COMMON STOCK, WHICH UPON ISSUANCE SHALL BE HELD BY THE VOTING TRUST.)
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.5% (PERCENTAGE OWNERSHIP IS CALCULATED BASED ON 10,984,686 SHARES
OF CLASS B COMMON STOCK OUTSTANDING AS OF DECEMBER 31, 1999, PLUS
1,546,337 SHARES OF CLASS B COMMON STOCK DEEMED OUTSTANDING UPON
CONVERSION OF THE VOTING TRUST'S CLASS A COMMON STOCK TO CLASS B
COMMON STOCK, AND 20,000 SHARES OF CLASS B COMMON STOCK DEEMED
OUTSTANDING UPON THE EXERCISE AND CONVERSION INTO CLASS B COMMON
STOCK OF STOCK OPTIONS TO PURCHASE CLASS A COMMON STOCK HELD
BY MESSRS. BILDNER AND BARTON, AS PROVIDED BY RULE 13D-3(d)(1)(I).
________________________________________________________________________________
12. TYPE OF REPORTING PERSON*
OO
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 4
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ITEM 1.
(a) Name of Issuer: TIER TECHNOLOGIES, INC.
(b) Address of Issuer's Principal Executive Offices:
1350 TREAT BOULEVARD, STE. 250, WALNUT CREEK, CA 94596
ITEM 2.
(a) Name of Person Filing:
THE TIER TECHNOLOGIES, INC. VOTING TRUST
(b) Address of Principal Business Office or, if none, Residence:
C/O TIER TECHNOLOGIES, INC., 1350 TREAT BOULEVARD, STE. 250,
WALNUT CREEK, CA 94596
(c) Citizenship: NOT APPLICABLE
(d) Title of Class of Securities: CLASS B COMMON STOCK
(e) CUSIP Number: 8865Q 10 0
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TOSS.SS.240.13D-1(b), OR
240.13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: -
NOT APPLICABLE
ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount Beneficially Owned: 1,566,337 SHARES (INCLUDES
1,546,337 SHARES OF CLASS A COMMON STOCK HELD BY THE TIER
TECHNOLOGIES, INC. VOTING TRUST ("VOTING TRUST") THAT ARE
CONVERTIBLE INTO AN EQUAL NUMBER OF SHARES OF CLASS B COMMON
STOCK. ALSO INCLUDES VESTED STOCK OPTIONS THAT GIVE EACH OF
JAMES L. BILDNER AND WILLIAM G. BARTON THE RIGHT TO ACQUIRE AN
ADDITIONAL 10,000 SHARES OF CLASS A COMMON STOCK, WHICH UPON
ISSUANCE SHALL BE HELD BY THE VOTING TRUST.)
(b) Percent of Class: 12.5% (PERCENTAGE OWNERSHIP IS CALCULATED
BASED ON 10,984,686 SHARES OF CLASS B COMMON STOCK OUTSTANDING
AS OF DECEMBER 31, 1999, PLUS 1,546,337 SHARES OF CLASS B
COMMON STOCK DEEMED OUTSTANDING UPON CONVERSION OF THE VOTING
TRUST'S CLASS A COMMON STOCK TO CLASS B COMMON STOCK, AND
20,000 SHARES OF CLASS B COMMON STOCK DEEMED OUTSTANDING UPON
THE EXERCISE AND CONVERSION INTO CLASS B COMMON STOCK OF STOCK
OPTIONS TO PURCHASE CLASS A COMMON STOCK HELD BY MESSRS.
BILDNER AND BARTON, AS PROVIDED BY RULE 13D-3(D)(1)(I).
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,566,337
SHARES (INCLUDES 1,546,337 SHARES OF CLASS A COMMON
STOCK HELD BY THE TIER TECHNOLOGIES, INC. VOTING
TRUST ("VOTING TRUST") THAT ARE CONVERTIBLE INTO AN
EQUAL NUMBER OF SHARES OF CLASS B COMMON STOCK. ALSO
INCLUDES VESTED STOCK OPTIONS THAT GIVE EACH OF JAMES
L. BILDNER AND WILLIAM G. BARTON THE RIGHT TO ACQUIRE
AN ADDITIONAL 10,000 SHARES OF CLASS A COMMON STOCK,
WHICH UPON ISSUANCE SHALL BE HELD BY THE VOTING
TRUST.)
(ii) Shared power to vote or to direct the vote: NONE
(iii) Sole power to dispose or to direct the disposition
of: NONE
(iv) Shared power to dispose or to direct the disposition
of: NONE
INSTRUCTION: For computations regarding securities which represent a right to
acquire an underlying security seess.240.13d-3(d)(1).
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:
NOT APPLICABLE
ITEM 9. NOTICE OF DISSOLUTION OF A GROUP: NOT APPLICABLE
ITEM 10. CERTIFICATION: NOT APPLICABLE
Page 3 of 4
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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 11, 2000
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Date
/S/ James L Bildner Voting Trust
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Signature
James L. Bildner, Trustee of the Tier Technologies, Inc. Voting Trust
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ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
