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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
PAREXEL International Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
699462 10 7
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(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 9 pages
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CUSIP NO. 699462 10 7 13G PAGE 2 OF 9 PAGES
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SCHEDULE 13G
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Josef H. von Rickenbach
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
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5 SOLE VOTING POWER
75,361
NUMBER OF -------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 297,029
EACH -------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 75,361
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8 SHARED DISPOSITIVE POWER
297,029
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
372,390
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
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12 TYPE OF REPORTING PERSON *
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 699462 10 7 13G PAGE 3 OF 9 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Josef H. von Rickenbach Grantor Retained Annuity Trust dated 11/17/95
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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5 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 297,029
EACH -------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 0
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8 SHARED DISPOSITIVE POWER
297,029
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
297,029
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 5%
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12 TYPE OF REPORTING PERSON *
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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NOTE: This Statement on Schedule 13G is being filed on behalf of (i) The
Josef H. Von Rickenbach Grantor Retained Annuity Trust dated 11/17/95; and (ii)
Josef H. Von Rickenbach.
ITEM 1.
(a) NAME OF ISSUER
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PAREXEL International Corporation
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
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195 West Street
Waltham, MA 02154
ITEM 2.
ITEM 2(a) ITEM 2(b) ITEM 2(c)
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CITIZENSHIP
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NAME OF PERSON FILING ADDRESS OR PLACE OF
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ORGANIZATION
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The Josef H. von Rickenbach c/o Josef von Rickenbach Massachusetts
Grantor Retained Annuity Trust PAREXEL International
dated 11/17/95 (the "GRAT") Corporation
195 West Street
Waltham, MA 02154
Josef H. Von Rickenbach PAREXEL International Switzerland
("Mr. von Rickenbach") Corporation
195 West Street
Waltham, MA 02154
ITEM 2(d).
TITLE OF CLASS OF SECURITIES
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Common Stock, $.01 par value
ITEM 2(e).
CUSIP NUMBER
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699462 10 7
Page 4 of 9 pages
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ITEM 3. If this statement is filed pursuant to rule 13d-1(b), or 13(d)-2(b),
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check whether the person filing is a:
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(a) --- Broker or Dealer registered under Section 15 of the
Securities Exchange act of 1934 ("the Act").
(b) --- Bank as defined in Section 3(a)(6) of the Act.
(c) --- Insurance Company as defined in Section 3(a)(19) of the
Act.
(d) --- Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) --- Investment adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) --- Employee Benefit Plan, Pension Fund which is subject to
the provision of the Employee Retirement Income Security
Act of 1974 or endowment Fund; see Rule
13-d(b)(1)(ii)(F) of the Act.
(g) --- Parent Holding company, in accordance with Rule
13(d)-1(b)(ii)(G) of the Act.
(h) --- Group, in accordance with rule 13d-1(b)(ii)(H) of the
Act.
None of the above.
ITEM 4. OWNERSHIP.
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(a) AMOUNT BENEFICIALLY OWNED
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As of December 31, 1996, each of the following is the holder of record
of the number of shares of Common Stock set forth next to his or its name.
The GRAT 297,029 shares
Mr. von Rickenbach 45,361 shares
In addition, in his capacity as Trustee of the GRAT, Mr. von
Rickenbach may be deemed to own beneficially an aggregate of 297,029 shares
held in the GRAT. Furthermore, Mr. von Rickenbach may be deemed to own
beneficially 30,000 shares that are subject to immediately exercisable stock
options.
(b) PERCENT OF CLASS
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the GRAT Less than 5%
Mr. von Rickenbach Less than 5%
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(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
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(i) sole power to vote or direct the vote:
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The GRAT 0
Mr. von Rickenbach 75,361
(ii) shared power to vote or direct the vote:
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The GRAT 297,029
Mr. von Rickenbach 297,029
(iii) sole power to dispose or to direct the disposition of:
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The GRAT 0
Mr. von Rickenbach 75,361
(iv) shared power to dispose or to direct the disposition of:
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The GRAT 297,029
Mr. von Rickenbach 297,029
Each of Mr. von Rickenbach and the GRAT expressly disclaims beneficial
ownership of any shares of Common Stock of PAREXEL International Corporation,
except any shares held directly of record or any shares in which they have an
actual pecuniary interest.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
---------------------------------------------
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. [X]
Each of the GRAT and Mr. von Rickenbach have ceased to own
beneficially more than 5% of the Common Stock of PAREXEL
International Corporation.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
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PERSON.
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Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
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ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
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COMPANY.
--------
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
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Not applicable. Mr. von Rickenbach and the GRAT expressly
disclaim membership in a "group" as defined in Rule
13d-1(b)(1)(ii)(H).
Page 6 of 9 pages
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
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Not applicable.
ITEM 10. CERTIFICATION.
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Not applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b).
Attached as EXHIBIT 1 hereto is a Joint Filing Agreement executed by each
of the filing persons pursuant to Rule 13-1(f) under Section 13(d) of the Act.
Page 7 of 9 pages
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SIGNATURE
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After reasonable inquiry and to the best of his or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: February 12, 1997
THE JOSEF H. VON RICKENBACH GRANTOR
RETAINED ANNUITY TRUST
/s/ Josef H. von Rickenbach
By:--------------------------------
Josef H. von Rickenbach
Trustee
/s/ Josef H. von Rickenbach
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Josef H. von Rickenbach
page 8 of 9 pages
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EXHIBIT 1
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JOINT FILING AGREEMENT OF
THE JOSEF H. VON RICKENBACH GRANTOR RETAINED ANNUITY TRUST
AND JOSEF H. VON RICKENBACH
The undersigned hereby agree that the Schedule 13G with respect to the
securities of PAREXEL International Corporation, dated as of even date herewith
is filed on behalf of each of us pursuant to and in accordance with the
provisions of Rule 13d-1(f) under the Securities Exchange Act of 1934, as
amended.
Dated: February 12, 1997
THE JOSEF H. VON RICKENBACH GRANTOR
RETAINED ANNUITY TRUST
By: /s/ Josef H. von Rickenbach
--------------------------------
Josef H. von Rickenbach
Trustee
/s/ Josef H. von Rickenbach
--------------------------------
Josef H. von Rickenbach
page 9 of 9 pages
