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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ______________)*
Business Objects S.A.
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(NAME OF ISSUER)
Ordinary Shares, nominal value one French Franc per Ordinary Share
("Ordinary Shares"), represented by American Depository Shares
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(TITLE OF CLASS OF SECURITIES)
1232 8X 107
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(CUSIP NUMBER)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing of 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).
SEC 1745 (2-95)
Page 1 of 4 Pages
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CUSIP NO. 1232 8X 107 13G PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Denis Payre
(No. S.S. or I.R.S. Identification Number)
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
Not Applicable (b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
France
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SOLE VOTING POWER
5
NUMBER OF 1,306,533 shares directly/49,999 shares held through a
holding company
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,306,533 shares held directly/49,999 shares held
through a holding company
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,356,532
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
8.1%
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TYPE OF REPORTING PERSON*
12
Individual
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*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 1232 8X 107 Page 3 of 4 Pages
ITEM 1.
(a) Business Objects S.A.
(b) 1 Square Chaptal,
92300 Levallois - Perret, France
ITEM 2.
(a) Denis Payre
(b) 3 Allee du Cloitre
1000 Brussels
Belgium
(c) France
(d) Ordinary Shares
(e) Not Applicable
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON IS A: NOT APPLICABLE
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned 1,356,532
(b) Percent of Class 8.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 1,306,533
directly/49,999 held through a holding company
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or direct the disposition of 1,306,533
directly/49,999 held through a holding company
(iv) shared power to dispose or direct the disposition of
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
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CUSIP No. 1232 8X 107 Page 4 of 4 Pages
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more that
five percent of the class of securities, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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.
February 10,1998
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Date
/s/Denis Payre
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Signature
Denis Payre/Director of Business Objects S.A.
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Name/Title
