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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Software AG Systems, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
834025 10 8
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(CUSIP Number)
Robert B. Ott, Esq.
Arnold & Porter
555 Twelfth Street, N.W.
Washington, DC 20004-1202
(202) 942-5008
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(Name, Address and Telephone Number of Persons Authorized to
Receive Notices and Communications)
June 18, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of (S)(S) 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
* 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
any subsequent amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
"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).
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CUSIP No. 834025108 13D Page 2 of 11
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1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Thayer Equity Investors III, L.P.
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2) Check the Appropriate Box if a Member of a Group:
(a) [ x ]
(b) [ ]
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3) SEC Use only
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4) Source of Funds: 00
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5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e): [ ].
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6) Citizenship or Place of Organization: Delaware
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Number of Shares Beneficially owned by Each Reporting Person with:
7) Sole voting Power: 10,736,953
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8) Shared Voting Power - 0 -
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9) Sole Dispositive Power: 10,736,953
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10) Shared Dispositive Power: - 0 -
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11) Aggregate Amount Beneficially
owned by Each Reporting Person: 10,736,953
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares: [ ]
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13) Percent of Class Represented by Amount in Row (11): 35.7%
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14) Type of Reporting Person: PN
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CUSIP No. 834025108 13D Page 3 of 11
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1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
TC Equity Partners, L.L.C.
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2) Check the Appropriate Box if a Member of a Group:
(a) [ x ]
(b) [ ]
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3) SEC Use only
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4) Source of Funds: 00
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5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e): [ ].
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6) Citizenship or Place of Organization: Delaware
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Number of Shares Beneficially Owned by Each Reporting Person with:
7) Sole Voting Power: 10,736,953
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8) Shared Voting Power: - 0 -
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9) Sole Dispositive Power: 10,736,953
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10) Shared Dispositive Power: - 0 -
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11) Aggregate Amount Beneficially
owned by Each Reporting Person: 10,736,953
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares: [ ]
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13) Percent of Class Represented by Amount in Row (11): 35.7%
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14) Type of Reporting Person: 00
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CUSIP No. 834025108 13D Page 4 of 11
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1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
TC Co-Investors, LLC
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2) Check the Appropriate Box if a Member of a Group:
(a) [ x ]
(b) [ ]
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3) SEC Use only
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4) Source of Funds: 00
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5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e): [ ]
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6) Citizenship or Place of organization: Delaware
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Number of Shares Beneficially Owned by Each Reporting Person with:
7) Sole Voting Power: 58,291
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8) Shared Voting Power: - 0 -
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9) Sole Dispositive Power: 58,291
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10) Shared Dispositive Power: - 0 -
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11) Aggregate Amount Beneficially
owned by Each Reporting Person: 58,291
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12) Check if the Aggregate Amount in Row (11) Excludes certain Shares: [ ]
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13) Percent of Class Represented by Amount in Row (11): 0.2%
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14) Type of Reporting Person: 00
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CUSIP No. 834025108 13D Page 5 of 11
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1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
TC Management Partners, L.L.C.
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2) Check the Appropriate BOX if a Member of a Group:
(a) [ x ]
(b) [ ]
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3) SEC Use only
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4) Source of Funds: 00
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5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e): [ ]
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6) Citizenship or Place of organization: Delaware
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Number of Shares Beneficially owned by Each Reporting Person with:
7) Sole Voting Power: 58,291
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8) Shared Voting Power: - 0 -
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9) Sole Dispositive Power: 58,291
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10) Shared Dispositive Power: - 0 -
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11) Aggregate Amount Beneficially
owned by Each Reporting Person: 58,291
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares: [ ]
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13) Percent of Class Represented by Amount in Row (11): 0.2%
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14) Type of Reporting Person: 00
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CUSIP No. 834025108 13D Page 6 of 11
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1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Carl J. Rickertsen
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2) Check the Appropriate Box if a Member of a Group:
(a) [ x ]
(b) [ ]
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3) SEC Use only
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4) Source of Funds: PF. 00
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5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e): [ ]
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6) Citizenship or Place of organization: U.S.
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Number of Shares Beneficially Owned by Each Reporting Person with:
7) Sole Voting Power: 8,000
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8) Shared Voting Power 10,795,244
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9) Sole Dispositive Power: 8,000
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10) Shared Dispositive Power: 10,795,244
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11) Aggregate Amount Beneficially
owned by Each Reporting Person: 10,803,244
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares: [ ]
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13) Percent of Class Represented by Amount in Row (11): 35.9%
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14) Type of Reporting Person: IN
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CUSIP No. 834025108 13D Page 7 of 11
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1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Paul G. Stern
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2) Check the Appropriate Box if a Member of a Group:
(a) [ x ]
(b) [ ]
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3) SEC Use only
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4) Source of Funds: 00
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5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e): [ ].
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6) Citizenship or Place of Organization: U.S.
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Number of Shares Beneficially Owned by Each Reporting Person with:
7) Sole Voting Power: - 0 -
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8) Shared Voting Power: 10,795,244
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9) Sole Dispositive Power: - 0 -
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10) Shared Dispositive Power: 10,795,244
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11) Aggregate Amount Beneficially
owned by Each Reporting Person: 10,795,244
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares: [ ]
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13) Percent of Class Represented by Amount in Row (11): 35.9%
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14) Type of Reporting Person: IN
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CUSIP No. 834025108 13D Page 9 of 11
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1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Frederic V. Malek
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2) Check the Appropriate Box if a Member of a Group:
(a) [ x ]
(b) [ ]
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3) SEC Use only
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4) Source of Funds: 00
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5) Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e): [ ]
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6) Citizenship or Place of organization: U.S.
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Number of Shares Beneficially owned by Each Reporting Person with:
7) Sole Voting Power: - 0 -
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8) Shared Voting Power: 10,795,244
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9) Sole Dispositive Power: - 0 -
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10) Shared Dispositive Power: 10,795,244
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11) Aggregate Amount Beneficially
owned by Each Reporting Person: 10,795,244
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares: [ ]
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13) Percent of Class Represented by Amount in Row (11): 35.9%
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14) Type of Reporting Person: IN
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CUSIP No. 834025108 13D Page 9 of 11
AMENDMENT NO. 1 TO SCHEDULE 13D
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The Schedule 13D, dated December 2, 1997, of Thayer Equity Investors III,
L.P., TC Equity Partners, L.L.C., TC Co-Investors, LLC, TC Management Partners,
L.L.C., Carl J. Rickertsen, Paul G. Stern and Frederic V. Malek (collectively,
the "Reporting Persons") as amended by Amendment No. 1 thereto (the "Schedule
13D"), is hereby further amended as set forth below. Capitalized terms used
herein without definition have the meanings set forth in the Schedule 13D. This
Amendment No. 2 to Schedule 13D supplements and amends the Schedule 13D and
should be read in conjunction with, and is qualified in its entirety by
reference to, the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
-------------------------------------
Item 5 of the Schedule 13D is revised and amended and is restated as
set forth below:
(a)-(b) The aggregate number and percentage of outstanding Shares
beneficially owned by each of the Reporting Persons after the exercise of the
Over-allotment Option are set forth below. Except as otherwise indicated, each
Reporting Person has the sole power to vote and to dispose of the Shares listed
opposite his or its name.
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CUSIP No. 834025108 13D Page 10 of 11
<TABLE>
<CAPTION>
NUMBER OF SHARES PERCENT OF OUTSTANDING
NAME OF BENEFICIAL OWNER BENEFICIALLY OWNED SHARES OWNED*
- ---------------------------- ------------------ ----------------------
<S> <C> <C>
Thayer Equity
Investors III, L.P. 10,736,953 35.7%
TC Equity
Partners, L.L.C./1/ 10,736,953 35.7%
TC Co-Investors, L.L.C. 58,291 0.2%
TC Management
Partners, L.L.C./2/ 58,291 0.2%
Carl J. Rickertsen/3 4/ 10,803,244 35.9%
Paul G. Stern/3/ 10,795,244 35.9%
Frederic V. Malek/3/ 10,795,244 35.9%
Reporting Persons
as a Group 10,803,244 35.9%
</TABLE>
(c) On June 23, 1998, Thayer and TC Co-Investors sold 814,606 and
4,425 Shares respectively pursuant to the Over-allotment Option at a net price
of $23.04 per share (the "Option Offering"). Except for the Option Offering and
the Secondary Offering, the Reporting Persons did not effect any transactions in
the Shares during the past sixty days.
(d) Not Applicable.
(e) Not Applicable.
- -----------
* Based upon the 30,051,217 Shares outstanding as of the close of business on
June 19, 1998.
/1/ TC Equity is the sole general partner of Thayer and beneficially owns, and
has sole voting and investment power with respect to, the Shares held of
record by Thayer .
/2/ TC Management is the managing member of TC Co-Investors and beneficially
owns, and has sole voting and investment power with respect to, the Shares
held of record by TC Co-Investors.
/3/ Includes 10,736,953 Shares held of record by Thayer and 58,291 Shares held
of record by TC Co-Investors. Messrs. Malek and Rickertsen and Dr. Stern are
the members of TC Management and the principal members of TC Equity and may
be deemed to be the beneficial owners of, and to have shared voting and
investment power with respect to, the Shares held of record by each of
Thayer and TC Co-Investors.
/4/ Consists of (i) 8,000 Shares held of record by Mr. Rickertsen, with respect
to which Mr. Rickertsen has sole voting and investment power and (ii)
10,736,953 Shares held of record by Thayer and 58,291 Shares held of record
by TC Co-Investors, with respect to which Mr. Rickertsen has shared voting
and investment power.
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CUSIP No. 834025108 13D Page 11 of 11
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief
of each of the undersigned, each of the undersigned certificates that the
information set forth in this statement is true, complete and correct.
Dated. June 29, 1998
<TABLE>
<S> <C>
THAYER EQUITY INVESTORS, III, L.P. TC CO-INVESTORS, LLC
By: TC Equity Partners, L.L.C. By: TC Management Partners, L.L.C.
its General Partner its Managing Member
By: /s/ Carl J. Rickertsen By: /s/ Carl J. Rickertsen
---------------------------- -----------------------------
Carl J. Rickertsen Carl J. Rickertsen
Member Member
TC EQUITY PARTNERS, L.L.C. TC MANAGEMENT PARTNERS, L.L.C.
By: /s/ Carl J. Rickertsen By: /s/ Carl J. Rickertsen
---------------------------- -----------------------------
Carl J. Rickertsen Carl J. Rickertsen
Member Member
By: /s/ Carl J. Rickertsen By: *
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Carl J. Rickertsen Paul G. Stern
By: *
-----------------------------
Frederic V. Malek
By: /s/ Carl J. Rickertsen
-----------------------------
Carl J. Rickertsen
Attorney-in-fact
</TABLE>
