<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
Purchasesoft, Inc.
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of Class of Securities)
395793201
(CUSIP Number)
Larry E. Jeddeloh, TIS Acquisition and Management Group, Inc.,
200 South Sixth Street, Suite 450,
Minneapolis, Minnesota, 55402
(612) 334-3050
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 13, 1999
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g) check the following
box. [ ]
Check the following box if a fee is being paid with the statement. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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).
(Continued on following page(s))
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CUSIP NO. 395793201 SCHEDULE 13D
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1 NAMES OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS
TIS Acquisition and Management Group
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
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7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 193,888
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
193,888
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
193,888
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4% (based on 8,154,761 shares outstanding on November 20, 1998)
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14 TYPE OF REPORTING PERSON*
CO
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CUSIP NO. 395793201 SCHEDULE 13D
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1 NAMES OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS
TIS Group
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
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7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,014,504
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,014,504
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,014,504
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.4% (based on 8,154,761 shares outstanding on November 20, 1998)
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14 TYPE OF REPORTING PERSON*
CO, IV
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CUSIP NO. 395793201 SCHEDULE 13D
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1 NAMES OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS
Larry E. Jeddeloh
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PE, OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF 833
SHARES --------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,014,504
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 833
WITH --------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,014,504
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,015,337
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.5% (based on 8,154,761 shares outstanding on November 20, 1998)
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14 TYPE OF REPORTING PERSON*
IA
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This Amendment No. 8 to the Schedule 13D of T.I.S Acquisition and
Management Group ("TIS Acquisition"), TIS Group, Inc. ("TIS Group") and Larry E.
Jeddeloh (collectively, the "Reporting Entities"), relates to the common stock,
par value $0.01 per share, of Greentree Software, Inc. (the "Issuer"). The
Reporting Entities are filing this Amendment No. 8 to update certain information
contained in Amendment No. 7 to the initial filing.
Item 1. Security and Issuer.
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No change; See Amendment No. 2 to the initial filing.
Item 2. Identity and Background.
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No change; See Amendment No. 6 to the initial filing.
Item 3. Source and Amount of Funds or Other Consideration.
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Not applicable; See also Amendment No. 5 to the initial filing.
Item 4. Purpose of Transaction.
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Not applicable; See also Amendment No. 5 to the initial filing.
Item 5. Interest in Securities of the Issuer.
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(a) As of November 20, 1998, there were 8,154,761 shares of Common Stock
issued and outstanding.
TIS Acquisition beneficially owns 193,888 shares of Common Stock,
constituting 2.4% of the shares of Common Stock issued and
outstanding. TIS Group, which owns a majority of the stock of and
controls TIS Acquisition, has the right to vote and dispose of the
shares of Common Stock held by TIS Acquisition and may be deemed the
beneficial owner of such shares. In addition, TIS Group beneficially
owns 1,014,504 shares of Common Stock, constituting 12.4% of the
Shares of Common Stock issued and outstanding, for a clients' accounts
managed by it. TIS Group has the right to vote and dispose of the
shares of Common Stock held by TIS Group Managers and may be deemed
the beneficial owner of such shares.
Mr. Jeddeloh owns 833 shares of Common Stock, constituting less than
1.0% of the shares of Common Stock issued and outstanding. By virtue
of his positions with TIS Acquisition and TIS Group, which owns a
majority of the stock of and controls TIS Acquisition, Mr. Jeddeloh
has the right to vote and dispose of the shares of Common Stock held
by TIS Acquisition and TIS Group, respectively, and may be deemed the
beneficial owner of such shares.
As a group, TIS Acquisition, TIS Group and Mr. Jeddeloh beneficially
own 1,015,337 shares of Common Stock, constituting 12.5% of the shares
of Common Stock issued and outstanding as of November 20, 1998.
(b) TIS Acquisition, TIS Group and Mr. Jeddeloh share the power to vote
and the power to dispose of 1,014,504 shares of Common Stock
beneficially owned by each of them or which they have the right to
acquire within sixty (60) days as set forth in Item 5(a) above. Mr.
Jeddeloh has the sole power to vote and the sole power to dispose of
all of the 833 shares of Common Stock beneficially owed by him as set
forth in Item 5(a) above.
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(c) Except for the transactions to which this Schedule 13D relates,
neither of TIS Acquisition nor Mr. Jeddeloh has effected any
transaction in the shares of Common Stock during the past sixty (60)
days. Except for the transactions to which this Schedule 13D relates
TIS Group has not purchased shares of Common Stock in the past 60 days
and TIS Group or accounts managed by TIS Group have sold the following
shares in the past 60 days:
Number of Price
Seller Date Shares Per Share
------ ---- ------ ---------
TIS Group September 9, 1998 1,000 $4.4375
TIS Growth Fund September 30, 1998 3,000 $1.625
TIS Growth Fund September 30, 1998 2,000 $1.375
TIS Growth Fund September 30, 1998 1,000 $1.5625
TIS Growth Fund September 30, 1998 5,000 $1.625
TIS Group September 30, 1998 3,000 $1.375
TIS Group September 30, 1998 500 $1.46875
TIS Group October 22, 1998 10,000 $.9219
TIS Group December 30, 1998 5,000 $.9
TIS Group December 30, 1998 8,000 $.875
TIS Group December 31, 1998 16,500 $1.019
TIS Growth Fund December 31, 1998 43,500 $1.019
TIS Group December 31, 1998 1,000 $1.125
TIS Group January 13, 1999 1,000 $1.5
(d) No change; See Amendment No. 1 to the initial filing.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
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No change; See Amendment No. 1 to the initial filing.
Item 7. Materials to be Filed as Exhibits.
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No change; See Amendment No. 1 to the initial filing.
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: February 16, 1999 TIS Acquisition and Management
Group, Inc.
By /s/ Larry E. Jeddeloh
----------------------------------------
Larry E. Jeddeloh
President and Director
TIS Group
By /s/ Larry E. Jeddeloh
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Larry E. Jeddeloh
President, Managing Director and Chief
Investment Officer
Larry E. Jeddeloh
By /s/ Larry E. Jeddeloh
----------------------------------------
Larry E. Jeddeloh, Individually
