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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): March 4, 1998
QUARTERDECK CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-19207 95-4320650
(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File Number) Identification No.)
13160 MINDANAO WAY
MARINA DEL REY, CALIFORNIA 90292
(Address of Principal Executive Offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (310) 309-3700
NONE
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
Certain holders of the Registrant's Series C Convertible Preferred Stock
("Series C Preferred Stock") have transferred shares of Series C Preferred
Stock as follows: (i) Hick Investments, Ltd. transferred 500 shares of
Series C Preferred Stock to Ramius Fund, Ltd., (ii) Triton Capital Investments,
Ltd. transferred 150 shares of Series C Preferred Stock to Merrill Lynch
Professional Services FBO GPZ Trading, LLC and (iii) JMG Capital Partners, L.P.
transferred 150 shares of Series C Preferred Stock to Merrill Lynch
Professional Services FBO GPZ Trading, LLC. The holders may from time to time
offer and sell shares of Common Stock, par value $.001 per share ("Common
Stock") issuable upon conversion of shares of Series C Preferred Stock pursuant
to the Registrant's Registration Statement No. 333-38693 under the Securities
Act of 1933, as amended, relating to the Series C Preferred Stock and the
Prospectus included therein. The number of shares of Common Stock beneficially
owned by the holders after giving effect to the transfers is as follows:
Shares of
Common Stock
Stockholder Beneficially Owned(1)
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Hick Investments, Ltd. 0
Ramius Fund, Ltd. 940,594
Triton Capital Investments, Ltd. 74,257
JMG Capital Partners, L.P. 74,257
Merrill Lynch Professional Services
FBO GPZ Trading, LLC 148,515
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(1) Such beneficial ownership represents an estimate of the number of shares
of Common Stock issuable upon the conversion of the shares of Series C
Preferred Stock beneficially owned by such person (and includes only shares of
Common Stock issuable in connection with such person's ownership of Series C
Preferred Stock), assuming a sale price of $2.00 per share of Common Stock was
used to determine the number of shares of Common Stock issuable as of the first
date on which Series C Preferred Stock may be converted. The actual number of
shares of Common Stock offered by the holders is subject to adjustment and
could be materially less or more than the estimated amount indicated depending
upon factors which cannot be predicted by the Registrant at this time,
including, among others, application of the conversion provisions based on
market prices prevailing at the actual date of conversion. This presentation is
not intended to constitute a prediction as to the future market price of the
Common Stock or as to when, if ever, the holders will elect to convert shares
of Series C Preferred Stock into shares of Common Stock.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of the
undersigned hereunto duly authorized.
Dated: March 4, 1998 QUARTERDECK CORPORATION
By: /s/ FRANK R. GREICO
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Frank R. Greico
Senior Vice President and
Chief Financial Officer
