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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Amendment No. 4*
Under the Securities Exchange Act of 1934
CyberGuard Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
231910100
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(CUSIP Number)
Gary S. Kohler, Vice President
Okabena Investment Services, Inc.
5140 Norwest Center
90 South Seventh Street, Minneapolis, MN 55402-4139
(612) 339-7151
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(Name, Address and Telephone Number of Person Authorized
to receive Notices and Communications)
December 18, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
*The remainder of this cover page should 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).
Page 1 of 4 Pages
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CUSIP No. 231910100
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(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons
Okabena Partnership K, a Minnesota general partnership 41-1642281
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(2) Check the Appropriate Box if a Member of a Group
(a) / /
(b) / X /
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(3) SEC Use Only
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(4) Source of Funds
WC
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
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(6) Citizenship or Place of Organization
MN
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Number of (7) Sole Voting Power 529,800 shares
Shares Bene- ---------------------------------------------------------------
ficially (8) Shared Voting Power -0- shares
Owned by ---------------------------------------------------------------
Each Report- (9) Sole Dispositive Power 529,800 shares
ing Person ---------------------------------------------------------------
With (10) Shared Dispositive Power -0- shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
529,800 shares
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
/ /
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(13) Percent of Class Represented by Amount in Row (11)
7.6%
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(14) Type of Reporting Person (See Instructions)
PN
Page 2 of 4 Pages
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This fourth Amendment to Schedule 13D is filed by and on behalf of Okabena
Partnership K (the "Partnership") and amends the original Schedule 13D filed on
December 21, 1995 and Amendment No. 1 filed February 9, 1996, Amendment No. 2
filed May 24, 1996 and Amendment No. 3 filed on August 2, 1996.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is amended and restated as follows:
(a) and (b). See Schedule 13D cover page, rows (7) through (11)
inclusive and (13). The Issuer's Form 10-Q filed with the Securities
and Exchange Commission on November 11, 1996 indicated that it had
7,000,607 shares outstanding on November 8, 1996. The Partnership
effected the following open market sales:
Date Shares Sold Price Per Share
---- ----------- ---------------
8/7/96 5,100 $ 9.60
8/15/96 1,700 10.812
9/30/96 3,300 9.00
10/8/96 1,000 9.625
11/20/96 7,900 11.453
The Partnership also effected the following short sales against
the box:
Date Number of Shares Sold (Short Against Box) Price Per Share
---- ----------------------------------------- ---------------
12/9/96 70,000 $13.56
12/12/96 4,000 13.375
12/13/96 1,100 12.75
12/18/96 24,900 12.50
Page 3 of 4 pages
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SIGNATURE
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Date: December 26, 1996 OKABENA PARTNERSHIP K
By: Okabena Investment Services, Inc.
Its Managing Partner
By: /s/ Gary S. Kohler
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Gary S. Kohler, Vice President
Page 4 of 4 Pages
