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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Amendment No. 1
Under the Securities Exchange Act of 1934
COYOTE NETWORK SYSTEMS, INC.
(Name of Issuer)
COMMON STOCK
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(Title of class of securities)
22406 P108
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(CUSIP Number)
August 23, 1999
(Date of event which requires
filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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CUSIP No. 22406 P108
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(1) Names of Reporting Person Comdisco, Inc.
S.S. or I.R.S. Identifica- 36-2687938
tion Nos. of Above Person
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(2) Check the appropriate Box if a Member of a Group (a)
Not Applicable (b)
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(3) SEC Use Only
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(4) Citizenship or Place of
Organization Delaware
Number of Shares (5) Sole Voting Power 193,000<F1>
Beneficially Owned ---------------------------------------------
by Each Reporting (6) Shared Voting 0
Person With ---------------------------------------------
(7) Sole Dispositive 193,000<F1>
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(8) Shared Dispositive Power 0
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(9) Aggregate Amount Beneficially
Owned by Each Reporting Person 193,000<F1>
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(10) Check if the Aggregate Amount
in Row (9) Excludes Certain Shares
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(11) Percent of Class Represented
by Amount in Row (9) 1.5%<F1>
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(12) Type of Reporting Person CO
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Item 1(a). Name of Issuer:
Coyote Network Systems, Inc. ("Coyote").
Item 1(b). Address of Issuer's Principal Executive Offices:
Coyote's principal executive offices are located at 4300 Park Terrace Drive,
Westlake Village, California 91361.
Item 2(a). Name of Person Filing:
Comdisco, Inc. ("Comdisco").
Item 2(b). Address of Principal Business Office, or if none, Residence:
Comdisco's principal business address at 6111 North River Road, Rosemont,
Illinois 60018.
Item 2(c). Citizenship:
Comdisco is a Delaware corporation.
Item 2(d). Title of Class of Securities:
Common Stock, par value $1.00 per share ("Common Stock").
Item 2(e). CUSIP Number:
22406 P108
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b)or
(c), check whether the person filing is:
(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C.
78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E)
(f) [ ] An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G).
(h) [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definitions of an
investment company under section 3(c)(14) of the Investment Company
Act of 1940 (15 U .S.C. 80a-3).
(j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to ss.240.13d-1(c), check this box [x].
Item 4. Ownership.
(a) Amount beneficially owned: 193,000<F1>
(b) Percent of class: 1.5%<F1>
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:...............193,000<F1>
(ii) Shared power to vote or to direct the vote:..................0
(iii) Sole power to dispose or to direct the disposition of:193,000<F1>
(iv) Shared power to dispose or to direct the disposition of:.....0
[FN]
<F1> Comdisco holds unexercised warrants to purchase 193,000 shares of
Coyote Common Stock and, pursuant to Rule 13d-3(d)(1)(i)(A), is deemed
to be the beneficial owner of the underlying shares.
</FN>
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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 of securities, check the following [X].
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 Group
Not applicable
Item 10. Certification
By signing below the undersigned certifies that, to the best of its knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired in connection with or as a
participant in any transaction having such purpose or effect.
Signature
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: August 27, 1999
COMDISCO, INC.
By: /s/ David J. Keenan
Name: David J. Keenan
Title: Senior Vice President and Corporate Controller
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