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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
Sterling Software, Inc.
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(Name of Issuer)
Common Stock, par value $0.10 per share
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(Title of Class of Securities)
859547-10-1
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(CUSIP Number)
Charles D. Maguire, Jr.
901 Main Street, Suite 6000
Dallas, Texas 75202
(214) 953-6000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 23, 1994
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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 Rule 13d-1(b)(3) or (4), check the following box [_].
Check the following box if a fee is being paid with the statement [X]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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
for 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
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).
Page 1 of 5 Pages
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CUSIP NO. 859547-10-1 13D Page 2 of 5 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sterling L. Williams ###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
OO
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
5 2(d) or 2(e) [_]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
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NUMBER OF
7 SOLE VOTING POWER
SHARES 4,000
BENEFICIALLY -----------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
-0-
EACH
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REPORTING SOLE DISPOSITIVE POWER
9 1,454,000
PERSON
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WITH SHARED DISPOSITIVE POWER
10 -0-
-----------------------------------------------------------
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,454,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_]
12
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
5.9%
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 859547-10-1 13D Page 3 of 5 Pages
Item 1. Security and Issuer.
-------------------
This statement relates to the Common Stock, $.10 par value per share
(the "Common Stock"), of Sterling Software, Inc., a Delaware corporation (the
"Company"). The address of the principal executive offices of the Company is
8080 North Central Expressway, Suite 1100, Dallas, Texas 75206.
Item 2. Identity and Background.
-----------------------
The name of the person filing this statement is Sterling L. Williams.
The business address of Mr. Williams is 8080 North Central Expressway, Suite
1100, Dallas, Texas 75206. Mr. Williams is President, Chief Executive Officer
and a Director of the Company.
Mr. Williams has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors) or
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
Mr. Williams is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Effective November 23, 1994, Mr. Williams acquired beneficial ownership of
650,000 shares of Common Stock by virtue of the grant to him of options to
purchase such shares (the "Options") under the Company's 1992 Non-Statutory
Stock Option Plan and 1994 Non-Statutory Stock Option Plan (collectively, the
"Option Plans"). The Options have an exercise price of $29.00 per share, are
immediately exercisable and will expire on November 23, 2004.
Item 4. Purpose of Transaction.
----------------------
The Options were granted to Mr. Williams pursuant to the terms of the
Option Plans. Depending on market conditions and other factors he may deem
material to an investment decision, Mr. Williams may purchase additional shares
of Common Stock or may dispose of all or a portion of the shares of Common Stock
he now beneficially owns or may hereafter acquire. Except as set forth in this
Item 4, Mr. Williams does not have any present plans or proposals that relate to
or would result in any of the actions specified in clauses (a) through (j) of
Item 4 of Schedule 13D.
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CUSIP NO. 859547-10-1 13D Page 4 of 5 Pages
Item 5. Interest in Securities of the Issuer.
------------------------------------
Mr. Williams beneficially owns 1,454,000 shares, or 5.9%, of the Common
Stock of the Company. Mr. Williams beneficially owns 1,450,000 of such shares
by virtue of his ownership of options.
Mr. Williams possesses sole voting power with respect to 4,000 shares of
Common Stock and sole dispositive power with respect to 1,454,000 shares of
Common Stock.
Except as set forth in Item 3 above, no transactions in the Common Stock
were effected by Mr. Williams during the last 60 days or since the most recent
filing on Schedule 13D, whichever is less.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
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None.
Item 7. Material to be Filed as Exhibits.
--------------------------------
None.
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CUSIP NO. 859547-10-1 13D Page 5 of 5 Pages
SIGNATURES
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.
/s/ Sterling L. Williams
Date: December 19, 1994 ---------------------------
Sterling L. Williams
