SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b),
(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
13d-2 (b)
(Amendment No. 1)*
Legato Systems, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
524651106
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(CUSIP Number)
December 31, 1998
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(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-(c)
Rule 13d-1(d)
*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)
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CUSIP NO. 524651106 13G
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
LOUIS C. COLE
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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
UNITED STATES
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- ---- ----------------------- -------- ------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 346,366 shares issuable upon exercise of
OWNED BY options.
REPORTING -------- ------------------------------------------
PERSON -------- ------------------------------------------
WITH
6 SHARED VOTING POWER
1,506,742 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.
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7 SOLE DISPOSITIVE POWER
346,366 shares issuable upon
exercise of options.
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8 SHARED DISPOSITIVE POWER
1,506,742 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.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
REPORTING PERSON 1,853,108 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.92%
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12 TYPE OF REPORTING PERSON IN
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<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.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address for the Reporting Person is:
Legato Systems, Inc.
3210 Porter Drive
Palo Alto, CA 94304
ITEM 2(c). CITIZENSHIP:
Louis C. Cole is a citizen of the United States.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
524651106
ITEM 3. Not Applicable.
<PAGE>
This statement amends the Statement on 13(G) (the "Original
Statement") filed by Louis C. Cole (the "Reporting Person").
Only those items as to which there has been a change are
included in this Amendment.
ITEM 4. OWNERSHIP:
The following information with respect to the ownership of
Common Stock of the Issuer by the person filing this Statement
is provided as of December 31, 1998:
(a) Amount beneficially owned:
See Row 9 of cover page for the Reporting
Person.
(b) Percent of Class:
See Row 11 of cover page for the Reporting
Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of cover page for the Reporting
Person.
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for the Reporting
Person.
(iii) Sole power to dispose or to direct the
disposition of:
See Row 7 of cover page for the Reporting
Person.
(iv) Shared power to dispose or to direct the
disposition of:
See Row 8 of cover page for the Reporting
Person.
<PAGE>
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: Yes
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 12, 1999
LOUIS C. COLE
/s/Louis C. Cole
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Louis C. Cole
