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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Coyote Network Systems, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
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22406 P108
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(CUSIP Number)
- -------------------------------------------------------------------------------
Not Applicable
- -------------------------------------------------------------------------------
(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)
*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).
<PAGE>
CUSIP NO. 22406 P108
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON (ENTITIES ONLY)
ALAN J. ANDREINI
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructrions)
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
NUMBER OF 5 SOLE VOTING POWER
SHARES 961,860
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY EACH 145,700
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 961,860
8 SHARED DISPOSITIVE POWER
145,700
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,107,560
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) [ ]
EXCLUDES CERTAIN SHARES (See Instructions)
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
12 TYPE OF REPORTING PERSON (See Instructions)
IN
<PAGE>
SCHEDULE 13G
This statement on Schedule 13G (this "Statement") is being filed by Alan J.
Andreini (the "Reporting Person") and relates to the common stock, par
value $1.00 per share (the "Common Stock"), of Coyote Network Systems, Inc.
(the "Issuer"). This Statement reflects ownership of Common Stock of the
Issuer by the Reporting Person for his own account and by persons for whom
the Reporting Person exercises trading authority. The Reporting Person is
currently authorized to exercise trading authority over (i) an account of
the Kiskiminetas Springs School (the "School"), which as of April 2, 1999
held 145,700 shares of Common Stock, and (ii) the account of The Andreini
Foundation (the "Foundation"), which as of April 2, 1999 held 84,150 shares
of Common Stock. Pursuant to the rules promulgated under the federal
securities laws, the Reporting Person may be deemed to be the beneficial
owner of the Common Stock owned by each such person because the Reporting
Person has shared investment and voting power in respect of the account of
the School and has sole investment and voting power in respect of the
account of the Foundation. The Reporting Person disclaims beneficial
ownership of the Common Stock held by the School and the Foundation. This
Schedule 13G amends the statement on Schedule 13D filed by the Reporting
Person on April 5, 1999. The percentages reported herein are based on there
being 10,537,010 shares of Common Stock outstanding as reported in the Form
10-Q of the Issuer filed on February 16, 1999.
ITEM 1(A). NAME OF ISSUER:
Coyote Network Systems, Inc. (the "Issuer")
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
4360 Park Terrace Drive, Westlake Village CA 91361
ITEM 2(A). NAME OF PERSON FILING:
Alan J. Andreini (the "Reporting Person")
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
395 Hudson Street, New York, NY 10014
ITEM 2(C). CITIZENSHIP:
United States
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $1.00 per share
ITEM 2(E). CUSIP NUMBER:
22406 P108
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR
13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
(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 definition 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: 1,107,560
(b) Percent of class: 10.5%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 961,860
(ii) Shared power to vote or to direct the vote: 145,700
(iii) Sole power to dispose or to direct the disposition of: 961,860
(iv) Shared power to dispose or to direct the disposition of:
145,700
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
[ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Since the Reporting Person has had trading authority over the
account of the School at PaineWebber and over the account of the
Foundation, the School and the Foundation, respectively, have had the right
to receive and the power to direct the receipt of dividends from, and the
proceeds from the sale of, the Common Stock held in such respective
accounts. Other than the School, none of such persons has an interest of
more than 5% of the outstanding Common Stock.
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. CERTIFICATIONS.
By signing below I certify that, to the best of my 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 and are not
held in connection with or as a participant in any transaction having that
purpose or effect.
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.
ALAN J. ANDREINI
Date: April 5, 1999
/s/ Alan J. Andreini
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