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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
PROJECT SOFTWARE & DEVELOPMENT, INC.
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(Name of Issuer)
Common Stock, $0.01 par value per share
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(Title of Class of Securities)
743 39P 101
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(CUSIP Number)
Robert L. Daniels, c./o Project Software & Development, Inc., 20 University
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Road, Cambridge, Massachusetts 02138 (617-661-1444)
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 3, 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 / /.
Check the following box if a fee is being paid with the statement / / (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
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 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).
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This Amendment No. 1, dated October 4, 1996, amends the Schedule 13D filed
by Robert L. Daniels, Susan H. Daniels and Robert L. Daniels, as trustee of the
1996 Daniels Voting Trust, as follows:
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is hereby amended to read in its entirety as follows:
The 1996 Daniels Voting Trust replaces the 1994 Daniels Voting Trust,
which terminated on or about August 19, 1996. Mr. Daniels founded the
Company, is a director and is Chairman of the Executive Committee of
the Company's Board of Directors.
Robert and Susan Daniels have concluded that it would be imprudent for
them to have such a large portion of their respective assets invested
in the Company's shares now that Mr. Daniels is no longer involved in
the day-to-day management of the Company. They would prefer to sell
their shares in a transaction in which all other shareholders have an
opportunity to participate and are prepared to cooperate with the
Company's Board of Directors and investment bankers to achieve that
end. They intend to explore all options available to maximize the
value of their shares.
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SIGNATURE
After reasonable inquiry and to the best of his or her knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement with respect to him or her is true, complete and correct.
October 4, 1996
ROBERT L. DANIELS
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Robert L. Daniels
SUSAN H. DANIELS
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Susan H. Daniels
THE 1996 DANIELS VOTING TRUST
By: ROBERT L. DANIELS
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Robert L. Daniels, as
Trustee
