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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
The Goldman Sachs Group, L.P.
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(Last) (First) (Middle)
85 Broad Street
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(Street)
New York, New York 10004
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Great Plains Software, Inc.
(GPSI)
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Year
March/1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ ] Officer (give title below) [ X ] Other (specify below)
Former 10% Owner
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[ X ] Form filed by More than One Reporting Person
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<TABLE>
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Table I -- Non-Derivative Securities Acquired, Disposed of, |
or Beneficially Owned |
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| | | | |6. | |
| | | 4. |5. |Owner- | |
| | | Securities Acquired (A) or |Amount of |ship | |
| | 3. | Disposed of (D) |Securities |Form: |7. |
|2. | Transaction| (Instr. 3, 4 and 5) |Beneficially |Direct |Nature of |
|Transaction | Code | -------------------------------|Owned at End |(D) or |Indirect |
1. |Date | (Instr. 8) | | (A) | |of Month |Indirect |Beneficial|
Title of Security |(Month/Day/ | -----------| Amount | or | Price |(Instr. 3 |(I) |Ownership |
(Instr. 3) |Year) | Code | V | | (D) | |and 4) |(Instr.4)|(Instr. 4)|
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | |
Common Stock | 3/1/99 | S | | 01 | D | $36.22 | 02 | 02 | 02 |
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| | | | | | | | | |
Common Stock | | | | | | | 67.269944 | 03 | 03 |
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
FORM 4 (continued)
<TABLE>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
(e.g., puts, calls, warrants, options, convertible securities) |
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| | | | | | | |9. |10. | |
| | | | | | | |Number |Owner-| |
| | | | | | | |of |ship | |
|2. | | | | | | |Deriv- |of | |
|Conver- | | | 5. | |7. | |ative |Deriv-|11. |
|sion | | | Number of | |Title and Amount | |Secur- |ative |Nature|
|or | | | Derivative |6. |of Underlying |8. |ities |Secur-|of |
|Exer- | |4. | Securities |Date |Securities |Price |Bene- |ity: |In- |
|cise |3. |Trans-| Acquired (A) |Exercisable and |(Instr. 3 and 4) |of |ficially |Direct|direct|
|Price |Trans- |action| or Disposed |Expiration Date |-----------------------|Deriv- |Owned |(D) or|Bene- |
1. |of |action |Code | of (D) |(Month/Day/Year) | |Amount |ative |at End |In- |ficial|
Title of |Deriv- |Date |(Instr| (Instr. 3, |-----------------| |or |Secur- |of |direct|Owner-|
Derivative |ative |(Month/ |8) | 4 and 5) |Date |Expira- | |Number |ity |Month |(I) |ship |
Security |Secur- |Day/ |------| ------------ |Exer- |tion | |of |(Instr. |(Instr. |(Instr|(Instr|
(Instr. 3) |ity |Year) |Code|V| (A) | (D) |cisable |Date |Title |Shares |5) |4) |4) |4) |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option | | | | | | | | | | | | | | |
(right to buy) | $27.125| | | | | |10/10/97|9/10/02 |Common Stock | 2,000 | | 2,000 | 04 | 04 |
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</TABLE>
Instruction 4(b)(v) list of other Reporting Persons:
This statement is being filed by GS Capital Partners, L.P. ("GSCP"), GS
Advisors, L.P. ("GS Advisors"), Bridge Street Fund 1994, L.P. ("Bridge Street"),
Stone Street Fund 1994, L.P. ("Stone Street" and, together with Bridge Street,
"Bridge/Stone"), Stone Street Funding Corp. ("SSF"), Goldman, Sachs & Co.
("Goldman Sachs") and The Goldman Sachs Group, L.P. ("GS Group" and, together
with GSCP, GS Advisors, Bridge Street, Stone Street, SSF and Goldman Sachs, the
"Reporting Persons"). The principal business address of each of the Reporting
Persons is 85 Broad Street, New York, New York 10004.
Explanation of Responses:
01: On March 1, 1999, GSCP, Bridge Street and Stone Street sold 439,758, 30,636
and 29,606 shares of common stock, par value $.01 per share, of Great Plains
Software, Inc. ("Common Stock"), respectively, at $36.22 per share. As of March
1, 1999, the Reporting Persons ceased to beneficially own more than 10% of the
Common Stock reported to be outstanding in the Company's Quarterly Report on
Form 10-Q/A for the period ended November 30, 1998 and are therefore no longer
subject to Section 16.
02: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
in the aggregate 705,627 shares of Common Stock through GSCP and Bridge/Stone
(collectively, the "Limited Partnerships") of which affiliates of Goldman Sachs
and GS Group are the general partner or managing general partner. Goldman Sachs
is the investment manager of GSCP. GS Group is a general partner of and owns a
99% interest in Goldman Sachs. Goldman Sachs and GS Group each disclaim
beneficial ownership of the shares of Common Stock owned by the Limited
Partnerships except to the extent of their pecuniary interest therein.
GSCP may be deemed to own beneficially and directly and its general partner, GS
Advisors, may be deemed to own beneficially and indirectly, 620,610 shares of
Common Stock. GS Advisors disclaims beneficial ownership of the securities
reported herein except to the extent of its pecuniary interest therein.
Bridge Street may be deemed to own beneficially and directly and its managing
general partner, SSF, may be deemed to own beneficially and indirectly 43,236
shares of Common Stock. SSF disclaims beneficial ownership of the securities
reported herein except to the extent of its pecuniary interest therein.
Stone Street may be deemed to own beneficially and directly and its general
partner, SSF, may be deemed to own beneficially and indirectly 41,781 shares of
Common Stock. SSF disclaims beneficial ownership of the securities reported
herein except to the extent of its pecuniary interest therein.
03: Goldman Sachs and GS Group may be deemed to own beneficially and indirectly
67.269944 shares of Common Stock which are beneficially and directly owned by
Goldman Sachs 1998 Exchange Place Fund, L.P. ("1998 Exchange Fund") (name
changed from Greene Street 1998 Exchange Fund, L.P.). Goldman Sachs is the
investment manager of the 1998 Exchange Fund. An affiliate of Goldman Sachs and
GS Group is the general partner of the 1998 Exchange Fund. GS Group is a general
partner of and owns a 99% interest in Goldman Sachs. The 67.269944 shares
reported herein as indirectly beneficially owned by Goldman Sachs and GS Group
represents GS Group's proportionate interest in the shares of the Issuer owned
by the 1998 Exchange Fund.
04: These options were granted under the Great Plains Software, Inc. Outside
Directors' Stock Option Plan to a person who is a managing director of Goldman
Sachs and at the time of the grant was a director of the Issuer. This person has
an understanding with GS Group pursuant to which he holds such options of the
benefit of GS Group.
Signatures:
GS CAPITAL PARTNERS, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GS ADVISORS, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
THE GOLDMAN SACHS GROUP, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
BRIDGE STREET FUND 1994, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
STONE STREET FUND 1994, L.P.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
STONE STREET FUNDING CORP.
By: s/ Roger S. Begelman
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Name: Roger S. Begelman
Title: Attorney-in-fact
Date: April 12, 1999
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedures.
Alternatively, this Form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
