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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._____)*
Pegasus Systems, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
705906105
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(CUSIP Number)
April 4, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
*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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
SEC 1745 (3-98)
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CUSIP No. 705906105
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Reed Elsevier Inc. 52-1471842
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization Massachusetts
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Number of 5. Sole Voting Power 265,548
Shares -----------------------------------------------------------
Beneficially 6. Shared Voting Power 0
Owned by -----------------------------------------------------------
Each 7. Sole Dispositive Power 1.07%
Reporting -----------------------------------------------------------
Person 8. Shared Dispositive Power 0
With:
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
11. Percent Of Class Represented By Amount In Row (9)
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12. Type Of Reporting Person (See Instructions)
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CO
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CUSIP No. 705906105
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Utell International Group Ltd. [No IRS Identification No.]
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization England and Wales
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Number of 5. Sole Voting Power 2,360,427
Shares -----------------------------------------------------------
Beneficially 6. Shared Voting Power 0
Owned by -----------------------------------------------------------
Each 7. Sole Dispositive Power 9.50%
Reporting -----------------------------------------------------------
Person 8. Shared Dispositive Power 0
With
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
11. Percent Of Class Represented By Amount In Row (9)
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12. Type Of Reporting Person (See Instructions)
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CO
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Item 1.
(a) Name of Issuer: Pegasus Systems, Inc.
(b) Address of Issuer's Principal Executive Offices
381 Turtle Creek Boulevard, Suite 1100
Dallas, Texas 75219
Item 2.
(a) Name of Person Filing Reed Elsevier plc
(b) Address of Principal Business Office or, if none, Residence
25 Victoria Street
London SW1H 0EX, UK
(c) Citizenship England
(d) Title of Class of Securities Common Stock
(e) CUSIP Number 705906105
Item 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [_] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [_] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [_] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [_] An investment advisor in accordance with (S)240.13d-
1(b)(1)(ii)(E);
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(f) [_] An employee benefit plan or endowment fund in accordance with
(S)240.13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
(S)240.13d-1(b)(1)(ii)(G);
(h) [_] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [_] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [_] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount of beneficially owed:
(b) Percent of class:
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote. 2,625,975
(ii) Shared power to vote or to direct the vote. 0
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(iii) Sole power to dispose or to direct the disposition of. 10.57%
(iv) Shared power to dispose or to direct the disposition of. 0
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Instruction. For computations regarding securities which represent a right
to acquire an underlying security see (S)240.13d-3(d)(1).
Item 5. Ownership of Five Percent or Less of a Class
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 than
five percent of the class of securities, check the following [_].
Item 10. Certification
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By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose 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.
APRIL 13, 2000
__________________________________
Date
/s/ Henry Horbaczewski
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Signature
__________________________________
Henry Horbaczewski/
General Counsel
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See (S)240.13d-7 for other
parties for whom copies are to be sent.
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
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Exhibit 7: Identification of Subsidiaries
This Schedule is being filed by Reed Elsevier, plc, an English corporation.
Reed Elsevier Inc., a Massachusetts corporation, is a wholly-owned subsidiary
of Reed Elsevier, plc.
Utell International Group Ltd., an English and Welsh corporation is a wholly-
owned subsidiary of Reed Elsevier, plc.
