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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 25)
Sterling Software, Inc.
(NAME OF ISSUER)
Common Stock, par value $0.10 per share
(TITLE OF CLASS OF SECURITIES)
859547-10-1
(CUSIP NUMBER)
Robert L. Estep
Jones, Day, Reavis & Pogue
2300 Trammell Crow Center
2001 Ross Avenue
Dallas, Texas 75201
(214) 220-3939
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
December 29, 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 less than five percent of such class.
See Rule 13d-7.)
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CUSIP NO. 859547-10-1 13D/A PAGE 2 OF 9 PAGES
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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
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
N/A
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEM 2(d) or 2(e)
[ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
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SOLE VOTING POWER
7
NUMBER OF
395,954
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 300,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
496,965
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
300,000
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
796,965
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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
3.0%
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 859547-10-1 13D/A PAGE 3 OF 9 PAGES
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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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SOURCE OF FUNDS*
4
N/A
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEM 2(d) or 2(e)
[ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
United States
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SOLE VOTING POWER
7
NUMBER OF
563,590
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 300,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
698,273
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
300,000
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
998,273
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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
3.7%
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TYPE OF REPORTING PERSON*
14
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 859547-10-1 13D/A PAGE 4 OF 9 PAGES
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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)
75-231945
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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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SOURCE OF FUNDS*
4
N/A
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEM 2(d) or 2(e)
[ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
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
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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
1.1%
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TYPE OF REPORTING PERSON*
14
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 859547-10-1 13D/A PAGE 5 OF 9 PAGES
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This Schedule 13D/A Amendment No. 25 hereby amends the Schedule 13D, as
amended by Amendment Nos. 1 through 24 (collectively the "Schedule 13D"), filed
jointly by Sam Wyly, Charles J. Wyly, Jr. and Maverick Entrepreneurs Fund, Ltd.
(f/k/a First Dallas Limited) with respect to the securities of Sterling
Software, Inc. (the "Company"). Defined terms used but not defined herein shall
have the meanings as previously set forth in the Schedule 13D.
Item 1. Security and Issuer.
Not amended.
Item 2. Identity and Background.
Not amended.
Item 3. Source and Amount of Funds or Other Consideration.
Not amended.
Item 4. Purpose of Transaction.
Not amended.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended as follows:
(a)-(b) Sam Wyly beneficially owns 796,965 shares, or 3.0%, of Common
Stock of the Company. Sam Wyly beneficially owns 138,612 of such shares as sole
general partner of Tallulah, Ltd., 300,000 of such shares as a general partner
of Maverick Entrepreneurs Fund, Ltd. and an aggregate of 358,353 of such shares
as the sole trustee of the trusts listed below (through direct ownership by such
trusts of 257,342 shares and beneficial ownership by such trusts of an
additional 101,011 shares as a result of the trusts' ownership of warrants to
purchase Common Stock):
<TABLE>
<CAPTION>
NUMBER OF SHARES
NAME OF TRUST 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 97,624
4. The Lisa Wyly Revocable Trust 95,425
5. The Kelly Wyly Elliot Trust 95,524
</TABLE>
Sam Wyly possesses sole voting power with respect to 395,954 shares of
Common Stock, sole dispositive power with respect to 496,965 shares of Common
Stock and shared voting and dispositive power with respect to 300,000 shares of
Common Stock held by Maverick Entrepreneurs Fund, Ltd.
Charles J. Wyly, Jr. beneficially owns 998,273 shares, or 3.7%, of
Common Stock of the Company. Charles J. Wyly, Jr. beneficially owns 256,574 of
such shares as sole general partner of Brush Creek, Ltd., 300,000 of such shares
as a general partner of Maverick Entrepreneurs Fund, Ltd. and an aggregate of
441,699 of such shares as the sole trustee of the trusts listed below (through
direct ownership by such trusts of 307,016 shares and beneficial ownership by
such trusts of an additional 134,683 shares as a result of the trusts' ownership
of warrants to purchase Common Stock):
<TABLE>
<CAPTION>
NUMBER OF SHARES
NAME OF TRUST BENEFICIALLY OWNED
--------------- ------------------
<S> <C>
1. The Martha Caroline Wyly Trust 110,425
2. The Charles J. Wyly, III Trust 110,425
3. The Emily Ann Wyly Trust 110,424
4. The Jennifer Lynn Wyly Trust 110,425
</TABLE>
Charles J. Wyly, Jr. possesses sole voting power with respect to
563,590 shares of Common Stock, sole dispositive power with respect to 698,273
shares of Common Stock and shared voting and dispositive power with respect to
300,000 shares of Common Stock held by Maverick Entrepreneurs Fund, Ltd.
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CUSIP NO. 859547-10-1 13D/A PAGE 6 OF 9 PAGES
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Maverick Entrepreneurs Fund, Ltd. beneficially owns and possesses sole
voting and dispositive power with respect to 300,000 shares, or 1.1%, of Common
Stock of the Company.
The Reporting Persons as a group beneficially own 1,495,238 shares of
Common Stock, or 5.6%, 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 1,495,238 shares of
Common Stock.
(c) On December 29, 1995, Sam Wyly transferred for no consideration
options to purchase an aggregate of 1,100,000 shares of Common Stock of the
Company to two irrevocable, non-grantor trusts established under the laws of the
Isle of Man for the benefit of Sam Wyly, his spouse and heirs, as follows:
<TABLE>
<CAPTION>
NUMBER OF OPTIONS
NAME OF TRUST TRANSFERRED
--------------- -----------------
<S> <C>
1. The Crazy Horse Trust 950,000
2. The Arlington Trust 150,000
</TABLE>
Sam Wyly expressly disclaims beneficial ownership of the options and the
underlying shares of Common Stock that were transferred to such trusts.
On December 29, 1995, Charles J. Wyly, Jr. transferred for no
consideration options to purchase an aggregate of 550,000 shares of Common Stock
of the Company to two irrevocable, non-grantor trusts established under the laws
of the Isle of Man for the benefit of Charles J. Wyly, Jr., his spouse and
heirs, as follows:
<TABLE>
<CAPTION>
NUMBER OF OPTIONS
NAME OF TRUST TRANSFERRED
--------------- -----------------
<S> <C>
1. The Woody International Trust 300,000
2. The Maroon Creek Trust 250,000
</TABLE>
Charles J. Wyly, Jr. expressly disclaims beneficial ownership of the options and
the underlying shares of Common Stock that were transferred to such trusts.
Except as otherwise reflected in this Item 5, no transactions in the
Common Stock were effected by the Reporting Persons during the last 60 days or
since the most recent filing on Schedule 13D, whichever is less.
(d)-(e) Not amended.
Item 6. Contracts, Arrangements, Understandings or Relationships with respect
to Securities of the Issuer.
Not amended.
Item 7. Material to be Filed as Exhibits.
Exhibit 1. Agreement pursuant to Rule 13d-1(f)(1)(iii).
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CUSIP NO. 859547-10-1 13D/A PAGE 7 OF 9 PAGES
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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: January 5, 1996 /s/ SAM WYLY
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Sam Wyly
/s/ CHARLES J. WYLY, JR.
------------------------------
Charles J. Wyly, Jr.
MAVERICK ENTREPRENEURS FUND, LTD.
(f/k/a FIRST DALLAS LIMITED)
By: /s/ SAM WYLY
---------------------------
Sam Wyly
General Partner
By: /s/ CHARLES J. WYLY, JR.
---------------------------
Charles J. Wyly, Jr.
General Partner
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CUSIP NO. 859547-10-1 13D/A PAGE 8 OF 9 PAGES
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT NO.
- -------------
<S> <C>
1 Agreement pursuant to
Rule 13d-1(f)(1)(iii)
</TABLE>
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CUSIP NO. 859547-10-1 13D/A PAGE 9 OF 9 PAGES
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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: January 5, 1996 /s/ SAM WYLY
---------------- ------------------------------
Sam Wyly
/s/ CHARLES J. WYLY, JR.
------------------------------
Charles J. Wyly, Jr.
MAVERICK ENTREPRENEURS FUND, LTD.
(f/k/a FIRST DALLAS LIMITED)
By: /s/ SAM WYLY
--------------------------
Sam Wyly
General Partner
By: /s/ CHARLES J. WYLY, JR.
--------------------------
Charles J. Wyly, Jr.
General Partner
