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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Amendment No. 5*
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)
March 27, 1997
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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 452,900 shares
Shares Bene- -----------------------------------------------------------------
ficially (8) Shared Voting Power -0- shares
Owned by -----------------------------------------------------------------
Each Report- (9) Sole Dispositive Power 452,900 shares
ing Person -----------------------------------------------------------------
With (10) Shared Dispositive Power -0- shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
452,900 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)
6.1%
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(14) Type of Reporting Person (See Instructions)
PN
Page 2 of 4 Pages
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This fifth 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, Amendment No. 1 filed February 9, 1996, Amendment No. 2
filed May 24, 1996, Amendment No. 3 filed on August 2, 1996 and Amendment No. 4
filed on December 26, 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 Partnership effected the following open
market sales and reduced its beneficial ownership by an amount greater
than 1% of the Issuer's Common Stock:
Date Shares Sold Price Per Share
---- ----------- ---------------
1/2/97 1,900 $11.63
3/12/97 4,000 11.35
3/13/97 11,000 11.01
3/14/97 10,000 10.75
3/17/97 4,500 10.75
3/27/97 45,500 9.15
Except as set forth above, no other transactions in the Issuer's Common Stock
were effected during the past sixty days by the persons named in Item 2 of
Schedule 13D.
Page 3 of 4 pages
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SIGNATURE
After reasonable inquiry and to the best of his knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: April 3, 1997 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
