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):
February 25, 1997
GREENTREE SOFTWARE, INC
(Exact Name of Registrant as Specified in Charter)
NEW YORK
(State or Other Jurisdiction of Incorporation)
0-12094 13-2897997
(Commission File Number) (IRS Employer
Identification No.)
7901 Flying Cloud Drive, Eden Prairie, MN 55344
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(612) 941-1500
<PAGE>
ITEM 5. OTHER EVENTS.
On February 25, 1997, the Registrant announced that it is currently
engaged in an effort to raise up to $800,000 through a private offering of its
convertible debt. The private offering is described in the Registrant's press
release dated February 25, 1997, a copy of which is filed as Exhibit A to this
Report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(C) EXHIBITS.
Exhibit A Press Release dated February 25, 1997.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GREENTREE SOFTWARE, INC.
By: /s/ Joseph D. Mooney
Name: Joseph D. Mooney
Title: Chief Executive Officer
Dated: February 27, 1997
<PAGE>
Exhibit A
NEWS RELEASE
February 25, 1997
FOR IMMEDIATE RELEASE
GREENTREE SOFTWARE, INC. ANNOUNCES
PRIVATE OFFERING OF CONVERTIBLE DEBT
EDEN PRAIRIE, MINNESOTA, FEBRUARY 25, 1997 -- GREENTREE SOFTWARE, INC. (OTC
BULLETIN BOARD: GTSW) today announced that it is currently engaged in an effort
to raise up to $800,000 through a private offering of its convertible debt. The
convertible debt will be issued at face value, have a two year term, accrue
interest beginning six months after issuance, and will convert to common shares
at a conversion price of one share for each $.50 of outstanding principal and
accrued interest upon the filing of an amendment to the Company's Certificate
of Incorporation for the purpose of providing the Company with a sufficient
number of authorized common shares to permit the conversion of its convertible
debt. The proceeds of this private offering will be used primarily to faciliate
marketing and sales efforts of the Company's product.
THE SECURITIES OFFERED AND SOLD BY THE COMPANY IN THE PRIVATE OFFERING HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE
STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES
ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION.
Contact: Greentree Software, Inc.
Joseph D. Mooney, Chief Executive Officer
612-941-1500
