STATE OF THE ART INC /CA
4, 1998-04-08
PREPACKAGED SOFTWARE
Previous: STATE OF THE ART INC /CA, 4, 1998-04-08
Next: STATE OF THE ART INC /CA, 4, 1998-04-08



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
(X) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
   Butler, David R.
   c/o State of the Art, Inc.
   56 West Technology Drive
   Irvine, California  92618-2301
   United States
2. Issuer Name and Ticker or Trading Symbol
   State of the Art, Inc., a California corporation
   SOTA
3. IRS or Social Security Number of Reporting Person (Voluntary)
   
4. Statement for Month/Year
   March 31, 1998
5. If Amendment, Date of Original (Month/Year)
   
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
   (specify below)
   Vice President of Sales
7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
<S>                        <C>    <C>  <C><C>               <C> <C>         <C>                 <C>    <C>
Common stock, no par value |03/02/|U   | |357               |D  |22.0000    |0                  |      |                           |
                           |98    |    | |                  |   |           |                   |      |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
<S>                   <C>      <C>   <C>  <C><C>        <C> <C>   <C>   <C>          <C>     <C>     <C>          <C> <C>
Option:  right to purc|12.375  |03/30|J   | |3,203      |D  |02/25|02/24|Common stock|1      |0      |3,047       |D  |            |
hase                  |        |/98  |    | |           |   |/98  |/02  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option:  right to purc|12.375  |03/30|J   | |3,203      |D  |02/25|02/24|Common stock|1      |0      |3,047       |D  |            |
hase                  |        |/98  |    | |           |   |/99  |/02  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option:  right to purc|12.375  |03/30|J   | |3,203      |D  |02/25|02/24|Common stock|1      |0      |3,047       |D  |            |
hase                  |        |/98  |    | |           |   |/00  |/02  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option:  right to purc|12.375  |03/30|J   | |3,203      |D  |02/25|02/24|Common stock|1      |0      |3,047       |D  |            |
hase                  |        |/98  |    | |           |   |/01  |/02  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option:  right to purc|12.000  |03/30|J   | |33,073     |D  |(1)  |04/08|Common stock|1      |0      |16,927      |D  |            |
hase                  |        |/98  |    | |           |   |     |/01  |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
J:  Cancellation and cashout of options pursuant to acquisition of the issuer 
by the Sage Group plc.  The reporting person received a payment for each 
option equal to the difference between Sage's tender offer price of $22.00 per 
share and the option exercise price.  
(1) These options vest at the rate of 1/48 (approximately 1,042) per month, 
beginning April 9, 1996.  The reporting person could not exercise any 
options before October 9, 1996.  
SIGNATURE OF REPORTING PERSON
David R. Butler
DATE
10 April 1998



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