SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)1
LEGATO SYSTEMS, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
524651106
(CUSIP Number)
1 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 pages)
Page 1 of 10 Pages
Exhibit Index Contained on Page 9
<PAGE>
CUSIP NO. 524651106 13G Page 2 of 10 Pages
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LOUIS C. COLE
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
- ----------- --------------------------------------------------------------------
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- ----------- --------------------------------------------------------------------
- ----------------------------------- -------- -----------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 227,141 shares issuable upon exer-
cise of options.
-------- -----------------------------------
-------- -----------------------------------
OWNED BY
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 821,846 shares, all of which are
directly owned by The Louis &
Jolene 1988 Revocable Trust, Dated
November 7, 1988 (the "Cole
Trust"). Mr. Cole is a trustee of
the Cole Trust and may be deemed to
have shared power to vote these
shares.
-------- -----------------------------------
-------- -----------------------------------
7 SOLE DISPOSITIVE POWER
227,141 shares issuable upon exer-
cise of options.
-------- -----------------------------------
-------- -----------------------------------
8 SHARED DISPOSITIVE POWER
821,846 shares, all of which are
directly owned by The Louis &
Jolene 1988 Revocable Trust, Dated
November 7, 1988 (the "Cole
Trust"). Mr. Cole is a trustee of
the Cole Trust and may be deemed to
have shared power to dispose of
these shares.
- ----------------------------------- -------- -----------------------------------
- ----------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
REPORTING PERSON 1,039,987 shares
- ----------- --------------------------------------------------------------------
- ----------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES N/A
- ----------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.1%
- ----------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------
<PAGE>
CUSIP NO. 524651106 13G Page 3 of 10 Pages
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOLENE COLE
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
- ----------- --------------------------------------------------------------------
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- ----------- --------------------------------------------------------------------
- ----------------------------------- -------- -----------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares.
-------- -----------------------------------
-------- -----------------------------------
OWNED BY
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 821,846 shares, all of which are
directly owned by The Louis &
Jolene 1988 Revocable Trust, Dated
November 7, 1988 (the "Cole
Trust"). Mrs. Cole is a trustee of
the Cole Trust and may be deemed to
have shared power to vote these
shares.
-------- -----------------------------------
-------- -----------------------------------
7 SOLE DISPOSITIVE POWER
0 shares.
-------- -----------------------------------
-------- -----------------------------------
8 SHARED DISPOSITIVE POWER
821,846 shares, all of which are
directly owned by The Louis &
Jolene 1988 Revocable Trust, Dated
November 7, 1988 (the "Cole
Trust"). Mrs. Cole is a trustee of
the Cole Trust and may be deemed to
have shared power to dispose of
these shares.
- ----------------------------------- -------- -----------------------------------
- ----------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
REPORTING PERSON 821,846 shares
- ----------- --------------------------------------------------------------------
- ----------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES N/A
- ----------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.85%
- ----------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------
<PAGE>
CUSIP NO. 524651106 13G Page 4 of 10 Pages
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE LOUIS & JOLENE COLE 1988 REVOCABLE TRUST, DATED
NOVEMBER 7, 1988 (the "COLE TRUST")
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b) ( X )
- ----------- --------------------------------------------------------------------
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A CALIFORNIA TRUST
- ----------- --------------------------------------------------------------------
- ----------------------------------- -------- -----------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 821,846 shares, except that Mr.
and Mrs. Cole, as trustees of the
OWNED BY Cole Trust, may be deemed to have
REPORTING shared power to vote these shares.
PERSON -------- -----------------------------------
WITH -------- -----------------------------------
6 SHARED VOTING POWER
See response in Row 5 above.
-------- -----------------------------------
-------- -----------------------------------
7 SOLE DISPOSITIVE POWER
821,846 shares, except that Mr.
and Mrs. Cole, as trustees of the
Cole Trust, may be deemed to have
shared power to dispose of these
shares.
-------- -----------------------------------
-------- -----------------------------------
8 SHARED DISPOSITIVE POWER
See response in Row 7 above.
- ----------------------------------- -------- -----------------------------------
- ----------- --------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
REPORTING PERSON 821,846 shares
- ----------- --------------------------------------------------------------------
- ----------- --------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES N/A
- ----------- --------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.85%
- ----------- --------------------------------------------------------------------
12 TYPE OF REPORTING PERSON OO
- ----------- --------------------------------------------------------------------
<PAGE>
ITEM 1(a). NAME OF ISSUER:
Legato Systems, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3210 Porter Drive
Palo Alto, CA 94304
ITEM 2(a). NAME OF PERSONS FILING.
This Statement is filed by Louis C. Cole, Jolene Cole and The
Louis & Jolene Cole 1988 Revocable Trust, Dated November 7,
1988 (the "Cole Trust"). The foregoing individuals and entity
are collectively referred to as the "Reporting Persons."
Louis C. Cole and Jolene Cole are the trustees of the Cole
Trust, and each may be deemed to have shared power to vote and
shared power to dispose of shares of the issuer directly owned
by the Cole Trust.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address for each of the Reporting Persons is:
Legato Systems, Inc.
3210 Porter Drive
Palo Alto, CA 94304
ITEM 2(c). CITIZENSHIP:
Louis C. Cole and Jolene Cole are United States citizens. The
Cole Trust is a trust formed under the laws of the State of
California.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
524651106
ITEM 3. Not Applicable.
<PAGE>
ITEM 4. OWNERSHIP:
The following information with respect to the ownership of
Common Stock of the Issuer by the persons filing this
Statement is provided as of December 31, 1996:
(a) Amount beneficially owned:
See Row 9 of cover page for each Reporting
Person.
(b) Percent of Class:
See Row 11 of cover page for each Reporting
Person.
(c) Number of shares as to which such person has
Sole power to vote or to direct
the vote:
See Row 5 of cover page for
each Reporting Person.
Shared power to vote or to direct
the vote:
See Row 6 of cover page for
each Reporting Person.
Sole power to dispose or to direct
the disposition of:
See Row 7 of cover page for
each Reporting Person.
Shared power to dispose or to direct
the disposition of:
See Row 8 of cover page for
each Reporting Person.
<PAGE>
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
One of the reporting persons, Louis C. Cole, continues to be
the beneficial owner more than 5% of the class of securities,
as indicated on such reporting person's cover page. This
statement is being filed to report the fact that as of the
date hereof two of the Reporting Persons, Jolene Cole and the
"Cole Trust," have ceased to be the beneficial owners of more
than five percent of the class of securities, as indicated by
having checked the following: ( X )
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Pursuant to the provisions of the Cole Trust agreement, the
beneficiaries of the Cole Trust may, under certain
circumstances, be deemed to have the right to receive
dividends from, or the proceeds from, the sale of shares of
the issuer held by the Cole Trust.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
ITEM 10. CERTIFICATION:
Not Applicable.
<PAGE>
SIGNATURES
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.
Dated: February 13, 1997
/s/ Louis C. Cole
LOUIS C. COLE
/s/ Jolene Cole
JOLENE COLE
THE LOUIS & JOLENE COLE 1988 REVOCABLE TRUST,
DATED NOVEMBER 7, 1988
By: /s/ Louis C. Cole
Louis C. Cole, Trustee
<PAGE>
EXHIBIT INDEX
Found on
Sequentially
Exhibit Numbered Page
Exhibit A: Agreement of Joint Filing Page 10
<PAGE>
EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or
any amendment thereto) relating to the Common Stock of Legato Systems, Inc.
shall be filed on behalf of each of the undersigned and that this Agreement
shall be filed as an exhibit to such Schedule 13G.
Executed this 13th day of February, 1997.
/s/ Louis C. Cole
LOUIS C. COLE
/s/ Jolene Cole
JOLENE COLE
THE LOUIS & JOLENE COLE 1988 REVOCABLE TRUST,
DATED NOVEMBER 7, 1988
By: /s/ Louis C. Cole
Louis C. Cole, Trustee
