GREAT PLAINS SOFTWARE INC
SC 13G/A, 2000-02-11
PREPACKAGED SOFTWARE
Previous: RARE MEDIUM GROUP INC, S-3, 2000-02-11
Next: NEUROTECH CORP, 10QSB, 2000-02-11



<PAGE>



                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934
                                 Amendment No. 2



                           Great Plains Software, Inc.
- -------------------------------------------------------------------------------
                                (Name of Issuer)



                          Common Stock, $0.01 par value
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    39119E105
                  --------------------------------------------
                                 (CUSIP Number)





                                December 31, 1999
- -------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

[_] Rule 13d-1(b)

[_] Rule 13d-1(c)

[X] Rule 13d-1(d)



                               Page 1 of 13 pages
<PAGE>

- -----------------------
  CUSIP No. 39119E105                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           Goldman, Sachs & Co.

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only



- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization

           New York

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power

     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially
                               175,577
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power

    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:
                               175,577

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person

           175,577

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           1.1%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           BD-PN-IA

- ------------------------------------------------------------------------------



                               Page 2 of 13 pages
<PAGE>

- -----------------------
  CUSIP No. 39119E105                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           The Goldman Sachs Group, Inc.

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only



- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization

           Delaware

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power

     Number of                 2,000

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially
                               175,577
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power

    Reporting                  2,000

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:
                               175,577

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person

           177,577

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           1.1%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           HC-CO

- ------------------------------------------------------------------------------



                               Page 3 of 13 pages
<PAGE>

- -----------------------
  CUSIP No. 39119E105                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           GS Capital Partners, L.P.

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only



- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization

           Delaware

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power

     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially
                               120,596
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power

    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:
                               120,596

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person

           120,596

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           0.8%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           PN

- ------------------------------------------------------------------------------



                               Page 4 of 13 pages
<PAGE>

- -----------------------
  CUSIP No. 39119E105                   13G
- -----------------------

- ------------------------------------------------------------------------------
 1.   Name of Reporting Person
      I.R.S. Identification No. of above Person

           GS Advisors, L.L.C.

- ------------------------------------------------------------------------------
 2.   Check the Appropriate Box if a Member of a Group
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3.   SEC Use Only



- ------------------------------------------------------------------------------
 4.   Citizenship or Place of Organization

           Delaware

- ------------------------------------------------------------------------------
                     5.   Sole Voting Power

     Number of                 0

      Shares        ----------------------------------------------------------
                     6.   Shared Voting Power
   Beneficially
                               120,596
     Owned by
                    ----------------------------------------------------------
       Each          7.   Sole Dispositive Power

    Reporting                  0

      Person        ----------------------------------------------------------
                     8.   Shared Dispositive Power
       With:
                               120,596

- ------------------------------------------------------------------------------
 9.   Aggregate Amount Beneficially Owned by Each Reporting Person

           120,596

- ------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares

                                                                    [_]

- ------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

           0.8%

- ------------------------------------------------------------------------------
12.   Type of Reporting Person

           OO

- ------------------------------------------------------------------------------



                               Page 5 of 13 pages
<PAGE>

Item 2(a).         Name of Persons Filing:
                   Goldman,  Sachs & Co.,  The  Goldman  Sachs  Group, Inc.,  GS
                   Capital Partners, L.P. and GS Advisors, L.L.C.

Item 2(b).         Address of Principal Business Office or, if none, Residence:
                   85 Broad Street
                   New York, NY  10004

Item 2(c).         Citizenship:
                   Goldman, Sachs & Co. - New York
                   The Goldman Sachs Group, Inc. - Delaware
                   Capital Partners, L.P. - Delaware
                   GS Advisors, L.L.C. - Delaware

Item 4.            Ownership.(1)(2)(3)(4)

          (a).     Amount beneficially owned:
                   See the response(s) to Item 9  on the attached cover page(s).

          (b).     Percent of Class:
                   See the response(s) to Item 11 on the attached cover page(s).

          (c).     Number of shares as to which such person has:

                   (i).     Sole power to  vote or to direct  the vote:  See the
                            response(s) to Item 5 on the attached cover page(s).

                   (ii).    Shared power to vote or to direct the vote:  See the
                            response(s) to Item 6 on the attached cover page(s).

                   (iii).   Sole power to  dispose or to direct  the disposition
                            of:  See the response(s) to  Item 7  on the attached
                            cover page(s).

                   (iv).    Shared power to dispose or to direct the disposition
                            of:  See the response(s) to  Item 8  on the attached
                            cover page(s).

Item 5.            Ownership of Five Percent or Less of a Class.(1)(2)
                   If this statement is being  filed to report the  fact that as
                   of the date  hereof the reporting  persons have  ceased to be
                   the  beneficial  owners of  more  than  five  percent  of the
                   class of securities, check the following [X].

- ------------------------
   (1) As of May 7, 1999, The Goldman Sachs Group, L.P. was merged with and into
The  Goldman  Sachs  Group,  Inc. ("GS Group"), with  GS Group  as the surviving
entity.

   (2) In accordance with Securities and Exchange Commission ("SEC") Release No.
34-39538  (January 12,  1998),  this filing  reflects the fact that GS Group and
Goldman,  Sachs & Co.  ("Goldman  Sachs") will no longer  report the  beneficial
ownership of the securities  beneficially owned by the asset management division
of  Goldman  Sachs  (the  "Asset  Management  Division").  The Asset  Management
Division  will  separately  report,  to  the  extent  required,  its  beneficial
ownership of securities.

   (3) Includes 2,000 currently exercisable Stock Options granted to  Sanjeev K.
Mehra,  Managing Director of Goldman,  Sachs & Co., pursuant to the Great Plains
Software, Inc. November 24, 1997 Outside Director's Stock Option Agreement.  The
Stock Options are held by Sanjeev K. Mehra for the benefit of GS Group.

   (4) GS Group  and  Goldman Sachs each  disclaim beneficial  ownership of  the
securities  beneficially  owned by (i) any client accounts with respect to which
Goldman   Sachs  or  employees  of  Goldman  Sachs  have  voting  or  investment
discretion,  or both and (ii) certain investment entities, of which a subsidiary
of GS Group or Goldman Sachs is the general partner, managing general partner or
other  manager,  to the extent  interests  in such  entities are held by persons
other than GS Group, Goldman Sachs or their affiliates.



                               Page 6 of 13 pages
<PAGE>



                                    SIGNATURE

            After reasonable inquiry and to the best of my knowledge
            and belief,  I certify that the information set forth in
            this statement is true, complete and correct.


Date:  February 14, 2000



GOLDMAN, SACHS & CO.                      THE GOLDMAN SACHS GROUP, INC.

By:/s/ Roger S. Begelman                  By:/s/ Roger S. Begelman
- ---------------------------------         ---------------------------------
Name:  Roger S. Begelman                  Name:  Roger S. Begelman
Title: Attorney-in-fact                   Title: Attorney-in-fact



GS CAPITAL PARTNERS, L.P.                 GS ADVISORS, L.L.C.

By:/s/ Roger S. Begelman                  By:/s/ Roger S. Begelman
- ---------------------------------         ---------------------------------
Name:  Roger S. Begelman                  Name:  Roger S. Begelman
Title: Attorney-in-fact                   Title: Attorney-in-fact



                               Page 7 of 13 pages
<PAGE>



                               INDEX TO EXHIBITS




Exhibit No.        Exhibit
- -----------        -------

  99.1             Joint  Filing  Agreement,  dated  February 14, 2000,  between
                   Goldman,  Sachs & Co.,  The  Goldman  Sachs  Group, Inc.,  GS
                   Capital Partners, L.P and GS Advisors, L.L.C.

  99.2             Power of  Attorney,  dated  December  21, 1998,  relating  to
                   Goldman, Sachs & Co.

  99.3             Power of Attorney, dated May 7, 1999, relating to The Goldman
                   Sachs Group, Inc.

  99.4             Power of  Attorney,  dated  January 31, 2000,  relating to GS
                   Capital Partners, L.P.

  99.5             Power of  Attorney,  dated  February 1, 2000,  relating to GS
                   Advisors, L.L.C.



                               Page 8 of 13 pages
<PAGE>

                                                                  Exhibit (99.1)



                            JOINT FILING AGREEMENT



     In  accordance  with  Rule 13d-1(k)(1)  promulgated  under  the  Securities
Exchange Act of 1934, the  undersigned  agree to the joint filing of a Statement
on Schedule 13G (including  any and all amendments  thereto) with respect to the
Common Stock, $0.01 par value, of Great Plains Software, Inc., and further agree
to the filing of this agreement as an Exhibit thereto.  In addition,  each party
to this  Agreement  expressly  authorizes  each other party to this Agreement to
file on its behalf any and all amendments to such Statement on Schedule 13G.


Date:  February 14, 2000



GOLDMAN, SACHS & CO.                      THE GOLDMAN SACHS GROUP, INC.

By:/s/ Roger S. Begelman                  By:/s/ Roger S. Begelman
- ---------------------------------         ---------------------------------
Name:  Roger S. Begelman                  Name:  Roger S. Begelman
Title: Attorney-in-fact                   Title: Attorney-in-fact



GS CAPITAL PARTNERS, L.P.                 GS ADVISORS, L.L.C.

By:/s/ Roger S. Begelman                  By:/s/ Roger S. Begelman
- ---------------------------------         ---------------------------------
Name:  Roger S. Begelman                  Name:  Roger S. Begelman
Title: Attorney-in-fact                   Title: Attorney-in-fact



                               Page 9 of 13 pages
<PAGE>

                                                                   Exibit (99.2)

                                POWER OF ATTORNEY


     This power of attorney will expire on December 31, 2000.

     KNOW  ALL  PERSONS  BY  THESE  PRESENTS  that  GOLDMAN,  SACHS  & CO.  (the
"Company")  does hereby make,  constitute  and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and  deliver  in its  name and on its  behalf  whether  the  Company  is  acting
individually or as representative of others,  any and all filings required to be
made by the  Company  under the  Securities  Exchange  Act of 1934,  as amended,
giving and granting unto each said  attorney-in-fact  power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if  personally  present by one of its  authorized  signatories,  hereby
ratifying and  confirming  all that said  attorney-in-fact  shall lawfully do or
cause to be done by virtue hereof.

     IN WITNESS WHEREOF,  the undersigned has duly subscribed  these presents as
of December 21, 1998.


GOLDMAN, SACHS & CO.

By: The Goldman, Sachs & Co. L.L.C.


By:/s/ Robert J. Katz
- ---------------------------------
Name:  Robert J. Katz
Title: Executive Vice President



                              Page 10 of 13 pages
<PAGE>

                                                                   Exibit (99.3)



                                POWER OF ATTORNEY


     This power of attorney will expire on May 31, 2001.

     KNOW ALL PERSONS BY THESE PRESENTS that THE GOLDMAN SACHS GROUP,  INC. (the
"Company")  does hereby make,  constitute  and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and  deliver  in its  name and on its  behalf  whether  the  Company  is  acting
individually or as representative of others,  any and all filings required to be
made by the  Company  under the  Securities  Exchange  Act of 1934,  as amended,
giving and granting unto each said  attorney-in-fact  power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if  personally  present by one of its  authorized  signatories,  hereby
ratifying and  confirming  all that said  attorney-in-fact  shall lawfully do or
cause to be done by virtue hereof.

     IN WITNESS WHEREOF,  the undersigned has duly subscribed  these presents as
of May 7, 1999.


THE GOLDMAN SACHS GROUP, INC.



By:/s/ Robert J. Katz
- ---------------------------------
Name:  Robert J. Katz
Title: Executive Vice President and General Counsel



                              Page 11 of 13 pages
<PAGE>

                                                                  Exhibit (99.4)



                                POWER OF ATTORNEY


     KNOW ALL  PERSONS BY THESE  PRESENTS  that  GS CAPITAL PARTNERS, L.P.  (the
"Company")  does hereby make,  constitute  and appoint each of Hans L. Reich and
Roger S. Begelman, acting individually, its true and lawful attorney, to execute
and  deliver  in its  name and on its  behalf  whether  the  Company  is  acting
individually or as representative of others,  any and all filings required to be
made by the  Company  under the  Securities  Exchange  Act of 1934,  as amended,
giving and granting unto each said  attorney-in-fact  power and authority to act
in the premises as fully and to all intents and purposes as the Company might or
could do if  personally  present by one of its  authorized  signatories,  hereby
ratifying and  confirming  all that said  attorney-in-fact  shall lawfully do or
cause to be done by virtue hereof.

     THIS POWER OF ATTORNEY  shall remain in full force and  effect until either
revoked  in  writing  by the  undersigned  or until  such time as the  person or
persons  to whom  power of attorney  has been  hereby granted  cease(s) to be an
employee of The Goldman Sachs Group, Inc. or one of its affiliates.

     IN WITNESS WHEREOF,  the undersigned has duly subscribed  these presents as
of Janaury 31, 2000.


GS CAPITAL PARTNERS, L.P.

By: GS Advisors, L.L.C.


By:/s/ Kaca B. Enquist
- ---------------------------------
Name:  Kaca B. Enquist
Title: Vice President



                               Page 12 of 13 pages
<PAGE>

                                                                   Exibit (99.5)



                                POWER OF ATTORNEY


     KNOW ALL PERSONS BY THESE PRESENTS that GS ADVISORS, L.L.C. (the "Company")
does hereby  make,  constitute  and  appoint  each of Hans L. Reich and Roger S.
Begelman,  acting  individually,  its true and lawful  attorney,  to execute and
deliver in its name and on its behalf whether the Company is acting individually
or as representative  of others,  any and all filings required to be made by the
Company  under the  Securities  Exchange  Act of 1934,  as  amended,  giving and
granting  unto each said  attorney-in-fact  power  and  authority  to act in the
premises as fully and to all intents and purposes as the Company  might or could
do if personally present by one of its authorized signatories,  hereby ratifying
and confirming all that said  attorney-in-fact  shall lawfully do or cause to be
done by virtue hereof.

     THIS POWER OF ATTORNEY  shall remain in full force and  effect until either
revoked  in  writing  by the  undersigned  or until  such time as the  person or
persons  to whom  power of attorney  has been  hereby granted  cease(s) to be an
employee of The Goldman Sachs Group, Inc. or one of its affiliates.

     IN WITNESS WHEREOF,  the undersigned has duly subscribed  these presents as
of February 1, 2000.


GS ADVISORS, L.L.C.


By:/s/ Kaca B. Enquist
- ---------------------------------
Name:  Kaca B. Enquist
Title: Vice President



                               Page 13 of 13 pages


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission