<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 22)
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
------------------------------------------------
(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)
March 24, 1995
------------------------------------------------
(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[_]. (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).
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CUSIP NO. 859547-10-1 13D PAGE 2
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sam Wyly ###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
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SEC USE ONLY
3
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
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6 CITIZEN OR PLACE OF ORGANIZATION
United States
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SOLE VOTING POWER
7
NUMBER OF 395,954
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
300,000
OWNED BY -------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,495,954
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
300,000
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,795,954
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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
7.2%
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 859547-10-1 13D PAGE 3
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles J. Wyly, Jr. ###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
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SEC USE ONLY
3
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
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6 CITIZEN OR PLACE OF ORGANIZATION
United States
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SOLE VOTING POWER
7
NUMBER OF 563,590
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
300,000
OWNED BY -------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 1,113,590
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
300,000
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,413,590
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_]
12
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
13
5.8%
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 859547-10-1 13D PAGE 4
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maverick Entrepreneurs Fund, Ltd. (f/k/a First Dallas Limited) 75-231-9145
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
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SEC USE ONLY
3
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
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6 CITIZEN OR PLACE OF ORGANIZATION
Texas
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SOLE VOTING POWER
7
NUMBER OF 300,000
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 300,000
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
300,000
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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
1.3%
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TYPE OF REPORTING PERSON*
14
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 859547-10-1 13D PAGE 5
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Wyly Group
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [x]
(b) [_]
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SEC USE ONLY
3
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4 SOURCE OF FUNDS*
N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [_]
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6 CITIZEN OR PLACE OF ORGANIZATION
Texas
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SOLE VOTING POWER
7
NUMBER OF 1,259,544
SHARES -------------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
-------------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 2,909,544
PERSON -------------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,909,544
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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
11.4%
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TYPE OF REPORTING PERSON*
14
IN,PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 859547-10-1 13D PAGE 6
Item 1. Security and Issuer.
-------------------
Not amended.
Item 2. Identity and Background.
-----------------------
Not amended.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Item 3 is hereby amended to read in its entirety as follows:
The options described in Item 5 as held by Sam Wyly and Charles J.
Wyly, Jr. were granted to them under stock option plans of the Company.
Item 4. Purpose of Transaction.
----------------------
Not amended.
Item 5. Interest in Securities of the Issuer.
------------------------------------
Item 5 is hereby amended to read in its entirety as follows:
On November 23, 1994, Sam Wyly was granted options to purchase an
aggregate of 800,000 shares of Common Stock, which options will become fully
exercisable on May 23, 1995. As a result, Sam Wyly is deemed to have become the
beneficial owner of an additional 800,000 shares of Common Stock on March 24,
1995.
On November 23, 1994, Charles J. Wyly, Jr. was granted an option to
purchase 400,000 shares of Common Stock, which option will become fully
exercisable on May 23, 1995. As a result, Charles J. Wyly, Jr. is deemed to
have become the beneficial owner of an additional 400,000 shares of Common Stock
on March 24, 1995.
Sam Wyly beneficially owns 1,795,954 shares, or 7.2%, of the Common
Stock of the Company. Sam Wyly beneficially owns 1,100,000 of such shares by
virtue of his ownership of options, beneficially owns 138,612 of such shares as
sole general partner of Tallulah, Ltd., beneficially owns 300,000 of such shares
as a general partner of Maverick Entrepreneurs and beneficially owns an
aggregate of 257,342 of such shares as trustee of the trusts listed below:
<PAGE>
CUSIP NO. 859547-10-1 13D PAGE7
<TABLE>
<CAPTION>
NAME OF TRUST NUMBER OF SHARES
------------- BENEFICIALLY OWNED
------------------
<S> <C>
1. The Christiana Parker Wyly Trust 34,890
2. The Andrew David Sparrow Wyly Trust 34,890
3. The Laurie L. Wyly Revocable Trust 63,954
4. The Lisa Wyly Revocable Trust 61,754
5. The Kelly Wyly Elliott Trust 61,854
</TABLE>
Sam Wyly possesses sole voting power with respect to 394,954 shares of
Common Stock, sole dispositive power with respect to 1,495,954 shares of Common
Stock and shared voting and dispositive power with respect to 300,000 shares of
Common Stock.
Charles J. Wyly, Jr. beneficially owns 1,413,590 shares, or 5.8%, of
the Common Stock of the Company. Charles Wyly beneficially owns 550,000 of such
shares by virtue of his ownership of options, beneficially owns 256,574 of such
shares as sole general partner of Brush Creek, Ltd., beneficially owns 300,000
of such shares as a general partner of Maverick Entrepreneurs, and beneficially
owns an aggregate of 307,016 of such shares as trustee of the trusts listed
below:
<TABLE>
<CAPTION>
NUMBER OF SHARES
NAME OF TRUST BENEFICIALLY OWNED
------------- ------------------
<S> <C>
1. The Martha Caroline Wyly Trust 76,754
2. The Charles J. Wyly, III Trust 76,754
3. The Emily Ann Wyly Trust 76,754
4. The Jennifer Lynn Wyly Trust 76,754
</TABLE>
Charles J. Wyly, Jr. possesses sole voting power with respect to
563,590 shares of Common Stock, sole dispositive power with respect to 1,113,590
shares of Common Stock and shared voting and dispositive power with respect to
300,000 shares of Common Stock.
Maverick Entrepreneurs beneficially owns and possesses sole voting and
dispositive power with respect to 300,000 shares, or 1.3%, of the Common Stock
of the Company.
The Reporting Persons as a group beneficially own 2,909,544 shares, or
11.4%, of the Common Stock of the Company. The Reporting Persons as a group
possess sole voting power with respect to 1,259,544 shares of Common Stock and
sole dispositive power with respect to 2,909,544 shares of Common Stock.
Except as otherwise reflected in this Item 5, no transactions in the
Common Stock were effected by any of the Reporting Persons during the last 60
days or since the most recent filing on Schedule 13D, whichever is less.
<PAGE>
CUSIP NO. 859547-10-1 13D PAGE 8
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
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Not amended.
Item 7. Material to be Filed as Exhibits.
--------------------------------
Exhibit 1. Agreement pursuant to Rule 13d-1(f)(1)(iii).(1)
Exhibit 2. Form of Loan Agreement dated as of February 23, 1995
between Maverick Entrepreneurs Fund, Ltd. and Lehman
Brothers Finance, S.A., including Form of Promissory
Note.(2)
Exhibit 3. Option Transaction dated February 23, 1995 between
Maverick Entrepreneurs Fund, Ltd. and Lehman Brothers
Finance S.A.(2)
Exhibit 4. Option Transaction dated February 23, 1995 between
Maverick Entrepreneurs Fund, Ltd. and Lehman Brothers
Finance S.A.(2)
Exhibit 5. Form of Guarantee of Lehman Brothers Holdings Inc.(2)
Exhibit 6. Form of Pledge Agreement, dated as of February 23, 1995,
between Maverick Entrepreneurs Fund, Ltd. and Lehman
Brothers Finance S.A.(2)
_________________
(1) Filed herewith.
(2) Previously filed with Amendment No. 21 to this Schedule 13D.
<PAGE>
CUSIP NO. 859547-10-1 13D PAGE 9
SIGNATURES
After reasonable inquiry, and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Date: March 28, 1995 /s/ Sam Wyly
-----------------------------------------------
Sam Wyly
/s/ Charles J. Wyly, Jr.
-----------------------------------------------
Charles J. Wyly, Jr.
MAVERICK ENTREPRENEURS FUND, LTD.
(formerly
FIRST DALLAS LIMITED)
By: /s/ Sam Wyly
--------------------------------------------
Sam Wyly,
General Partner
By: /s/ Charles J. Wyly, Jr.
---------------------------------------------
Charles J. Wyly, Jr.,
General Partner
<PAGE>
CUSIP NO. 859547-10-1 13D
EXHIBIT 1
Pursuant to Rule 13d-1(f)(1)(iii) of Regulation 13D-G of the General Rules
and Regulations of the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended, the undersigned agree that the statement to
which this Exhibit is attached is filed on behalf of each of them.
Date: March 28, 1995 /s/ Sam Wyly
----------------------------------------------
Sam Wyly
/s/ Charles J. Wyly, Jr.
----------------------------------------------
Charles J. Wyly, Jr.
MAVERICK ENTREPRENEURS FUND, LTD.
(formerly
FIRST DALLAS LIMITED)
By: /s/ Sam Wyly
--------------------------------------------
Sam Wyly,
General Partner
By: /s/ Charles J. Wyly, Jr.
--------------------------------------------
Charles J. Wyly, Jr.,
General Partner
