UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
ORCAD, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON
- --------------------------------------------------------------------------------
(Title of Class of Securities)
685568107
------------------------------
(CUSIP Number)
David Nierenberg, The D3 Family Fund, 19605 NE 8th St., Camas, WA 98607
------------------------------------------------------------------------------
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
3/2/99
-------------------------------
(Date of Event which Requires
Filing of this Statement)
*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).
1 of 15
<PAGE>
SCHEDULE 13D
------------
CUSIP No. 685568107 Page 2 of 15
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The D3 Family Fund, L.P. (David Nierenberg is President of the General
Partner, which is Nierenberg Investment Management Company.)
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
--------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
406,900 common shares (4.3%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
406,900
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 471,375 shares (5.0%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
PN
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<PAGE>
SCHEDULE 13D
------------
CUSIP No. 685568107 Page 3 of 15
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Haredale, Ltd.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
The Bahamas
--------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
12,500 common shares (0.1%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
12,500
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 471,375 shares (5.0%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
CO
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<PAGE>
SCHEDULE 13D
------------
CUSIP No. 685568107 Page 4 of 15
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sharptown Limited
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Channel Islands, British Isles
--------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
1,500 common shares (0.0%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
1,500
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 471,375 shares (5.0%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
------------
CUSIP No. 685568107 Page 5 of 15
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James Henry Hildebrandt
--------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
--------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
3,000 common shares (0.0%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
3,000
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 471,375 shares (5.0%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
------------
CUSIP No. 685568107 Page 6 of 15
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Toxford Corporation
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Channel Islands, British Isles
--------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
1,500 common shares (0.0%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
1,500
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 471,375 shares (5.0%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
CO
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<PAGE>
SCHEDULE 13D
------------
CUSIP No. 685568107 Page 7 of 15
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David Nierenberg
--------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
--------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
45,000 common shares (0.5%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
45,000
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 471,375 shares (5.0%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
------------
CUSIP No. 685568107 Page 8 of 15
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Florence Cies
--------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ X ]
(b) [ ]
3) SEC USE ONLY _____________________________________________________________
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION
California
--------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
975 common shares (0.0%)
SHARES --------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
--------------------------------------------------
EACH
9) SOLE DISPOSITIVE POWER
REPORTING
975
PERSON --------------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
--------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 471,375 shares (5.0%)
--------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
--------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
--------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------
<PAGE>
Page 9 of 15
Item 1. Security and Issuer
Common stock of OrCAD, Inc. (OCAD), 9300 S.W. Nimbus Avenue,
Beaverton, Oregon 97008.
Item 2. Identity and Background
The D3 Family Fund, L.P., a Washington State limited partnership,
whose principal business is investing in the equities of undervalued
public micro-cap companies. Located at 19605 N.E. 8th Street, Camas,
Washington 98607. No convictions or administrative proceedings as
described in Item 2(d) and (e).
Item 3. Source and Amount of Funds or Other Consideration
Source of funds is money invested in the partnership by its partners.
Aggregate amount invested in OCAD shares purchased by the partnership
is $3,328,640, including commissions.
Item 4. Purpose of Transaction
Our original purpose in purchasing OCAD shares was as a long term
investment. But when the company failed to take advantage of a
predictable and highly attractive opportunity to repurchase its shares
after terminating its agreement to merge with Summit Design, we
immediately resumed purchasing OCAD shares. We did this for a
completely different reason: we wanted to own enough OCAD to be able to
pressure OCAD's management and its board of directors, privately and
publicly, to take decisive and swift actions to maximize shareholder
value.
As a 5% shareholder, we advocate the following program to maximize
shareholder value:
1. OCAD should enlarge substantially the recently announced share
repurchase program and should eliminate obstacles to its timely
execution.
2. OCAD should replace current investor relations personnel and
advisors with more experienced and accomplished people who can
be more effective in communicating with the investment community.
3. OCAD should link senior management incentive compensation,
particularly that of the CEO, directly to increases in the
company's share price.
4. All OCAD executives and all members of OCAD's board of directors
should be obligated to own outright significant stakes in the
company so that they will be driven to act and think like
shareholders.
If the company will commit to a program substantially similar to this
one within the next month, we will resume our prior role of being a
passive shareholder. If, however, the company does not commit to a
program of maximizing shareholder value, we will then initiate contact
with other OCAD shareholders to persuade them to oppose the company's
nominees for the board of directors and to vote instead for new
directors who will bring a more urgent commitment to maximizing
shareholder value.
None of the other items enumerated in Item 4 are contemplated at this
time.
Item 5. Interest in Securities of the Issuer
(a,b) D3 owns, and has sole voting and dispositive power over, 406,900
common shares of OCAD (4.3%). In addition, 18,500 more common
shares of OCAD are owned by four foreign investors on whose
behalf Mr. Nierenberg is authorized to trade: Haredale, a
Bahamian corporation which owns 12,500 shares; James Henry
Hildebrandt, a Canadian citizen who owns 3,000 shares;
Sharptown, Ltd., a Channel Islands corporation which owns 1,500
shares; and Toxford Corporation, a Channel Islands corporation
which owns 1,500 shares. In addition, Mr. Nierenberg owns 45,000
more OCAD shares personally and his mother-in-law, Florence
Cies, owns 975 shares. In the aggregate, the group owns 471,375
OCAD shares (5.0%).
(c) D3's transactions in the last 60 days were the purchase of
19,500 common shares through Black & Company at $5.8125 per
share on February 17, an additional 40,000 shares at $6.10940
the following day, and 2,000 shares at $7.375 on March 2.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
N/A for D3.
Item 7. Material to be Filed as Exhibits
N/A
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.
March 11, 1999 DAVID NIERENBERG
- --------------- ------------------------------------
Date David Nierenberg
President
Nierenberg Investment Management
Company, Inc., the General Partner
Of The D3 Family Fund, L.P.
<PAGE>
Page 10 of 15
Item 1. Security and Issuer
Common stock of OrCAD, Inc. (OCAD), 9300 S.W. Nimbus Avenue,
Beaverton, Oregon 97008.
Item 2. Identity and Background
(a) Haredale Ltd., a Bahamian corporation.
(b) P.O. Box N-4465, Nassau, New Providence, The Bahamas.
(c) Haredale is in the investment business at the address above.
(d) None
(e) None
(f) The Bahamas.
Item 3. Source and Amount of Funds or Other Consideration
Haredale owns, and Mr. Nierenberg has sole voting and dispositive
power over, its 12,500 shares.
Item 4. Purpose of Transaction
Same as Item 4 on Page 9.
Item 5. Interest in Securities of the Issuer
(a,b) Haredale owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 12,500 shares.
(c) No transactions in the past 60 days.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Haredale pays Mr. Nierenberg an annual management fee and a share
of its net profits for his personal management of its accounts.
Item 7. Material to be Filed as Exhibits
N/A
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.
March 11, 1999 DAVID NIERENBERG
- --------------- ------------------------------------
Date David Nierenberg
Authorized to trade for
Haredale, Ltd.
<PAGE>
Page 11 of 15
Item 1. Security and Issuer
Common stock of OrCAD, Inc. (OCAD), 9300 S.W. Nimbus Avenue,
Beaverton, Oregon 97008.
Item 2. Identity and Background
(a) Sharptown Limited, a Channel Islands corporation.
(b) P.O. Box 404, Pirouet House, Union St., St. Helier, Jersey
JE4 9WG, Channel Islands, British Isles.
(c) Sharptown Limited is in the investment business at the address
above.
(d) None
(e) None
(f) Channel Islands, British Isles.
Item 3. Source and Amount of Funds or Other Consideration
Sharptown Limited owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 1,500 shares.
Item 4. Purpose of Transaction
Same as Item 4 on Page 9.
Item 5. Interest in Securities of the Issuer
(a,b) Sharptown Limited owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 1,500 shares.
(c) No transactions in the past 60 days.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Sharptown Limited pays Mr. Nierenberg an annual management fee and a
share of its net profits for his personal management of its accounts.
Item 7. Material to be Filed as Exhibits
N/A
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.
March 11,1999 DAVID NIERENBERG
- --------------- ------------------------------------
Date David Nierenberg
Authorized to trade for
Sharptown Limited
<PAGE>
Page 12 of 15
Item 1. Security and Issuer
Common stock of OrCAD, Inc. (OCAD), 9300 S.W. Nimbus Avenue,
Beaverton, Oregon 97008.
Item 2. Identity and Background
(a) James Henry Hildebrandt, an individual who is a citizen of Canada,
resident in Hong Kong.
(b) c/o Bain & Company, Tenth Floor, One Pacific Place, 88 Queensway,
Hong Kong.
(c) Mr. Hildebrandt is in the management consulting business.
(d) None
(e) None
(f) Canada
Item 3. Source and Amount of Funds or Other Consideration
Mr. Hildebrandt owns, and Mr. Nierenberg has sole voting and
dispositive power over, his 3,000 shares.
Item 4. Purpose of Transaction
Same as Item 4 on Page 9.
Item 5. Interest in Securities of the Issuer
(a,b) Mr. Hildebrandt owns, and Mr. Nierenberg has sole voting and
dispositive power over, his 3,000 shares.
(c) No transactions in the past 60 days.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Mr. Hildebrandt pays Mr. Nierenberg an annual management fee and a
share of its net profits for his personal management of its accounts.
Item 7. Material to be Filed as Exhibits
N/A
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.
March 11, 1999 DAVID NIERENBERG
- --------------- ------------------------------------
Date David Nierenberg
Authorized to trade for
John Henry Hildebrandt
<PAGE>
Page 13 of 15
Item 1. Security and Issuer
Common stock of OrCAD, Inc. (OCAD), 9300 S.W. Nimbus Avenue,
Beaverton, Oregon 97008.
Item 2. Identity and Background
(a) Toxford Corporation, a Channel Islands corporation.
(b) P.O. Box 3048, St. Andrews House, Le Bordage, St. Peter Port,
Guernsey, Channel Islands, British Isles.
(c) Toxford Corporation is in the investment business at the address
above.
(d) None
(e) None
(f) Channel Islands, British Isles.
Item 3. Source and Amount of Funds or Other Consideration
Toxford Corporation owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 1,500 shares.
Item 4. Purpose of Transaction
Same as Item 4 on Page 9.
Item 5. Interest in Securities of the Issuer
(a,b) Toxford Corporation owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 1,500 shares.
(c) No transactions in the past 60 days.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Toxford Corporation pays Mr. Nierenberg an annual management fee and a
share of its net profits for his personal management of its accounts.
Item 7. Material to be Filed as Exhibits
N/A
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.
March 11, 1999 DAVID NIERENBERG
- --------------- ------------------------------------
Date David Nierenberg
Authorized to trade for
Toxford Corporation
<PAGE>
Page 14 of 15
Item 1. Security and Issuer
Common stock of OrCAD, Inc. (OCAD), 9300 S.W. Nimbus Avenue,
Beaverton, Oregon 97008.
Item 2. Identity and Background
(a) David Nierenberg
(b) 19605 N.E. 8th Street, Camas, Washington 98607
(c) Mr. Nierenberg owns Nierenberg Investment Management Company,
Inc., which is the General Partner of the D3 Family Fund, L.P.
(d) None
(e) None
(f) Washington
Item 3. Source and Amount of Funds or Other Consideration
Mr. Nierenberg owns and has sole voting and dispositive power over,
its 45,000 shares.
Item 4. Purpose of Transaction
Same as Item 4 on Page 9.
Item 5. Interest in Securities of the Issuer
(a,b) Mr. Nierenberg owns and has sole voting and dispositive power
over, its 45,000 shares.
(c) No transactions in the past 60 days.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
Mr. Nierenberg is paid a management fee and a share of net profits by
the D3 Family Fund, L.P, Haredale, Toxford, Sharptown and Hildebrandt.
Item 7. Material to be Filed as Exhibits
N/A
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.
March 11, 1999 DAVID NIERENBERG
- --------------- ------------------------------------
Date David Nierenberg
<PAGE>
Page 15 of 15
Item 1. Security and Issuer
Common stock of OrCAD, Inc. (OCAD), 9300 S.W. Nimbus Avenue,
Beaverton, Oregon 97008.
Item 2. Identity and Background
(a) Florence Cies
(b) 3300 Narvaez Avenue, #26, San Jose, California 95136
(c) Mrs. Cies is Mr. Nierenberg's mother-in-law. She is retired.
above.
(d) None
(e) None
(f) California
Item 3. Source and Amount of Funds or Other Consideration
Florence Cies owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 975 shares.
Item 4. Purpose of Transaction
Same as Item 4 on Page 9.
Item 5. Interest in Securities of the Issuer
(a,b) Florence Cies owns, and Mr. Nierenberg has sole voting and
dispositive power over, its 975 shares.
(c) No transactions in the past 60 days.
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
N/A
Item 7. Material to be Filed as Exhibits
N/A
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.
March 11, 1999 DAVID NIERENBERG
- --------------- ------------------------------------
Date David Nierenberg
Authorized to trade for
Florence Cies
