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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
MUSTANG SOFTWARE, INC.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
62820W 10 7
(Cusip Number)
James A. Harrer
President and Chief Executive Officer
Mustang Software
6200 Lake Ming Road
Bakersfield CA 93306
Telephone: (805) 873-2500
Fax: (805) 873-2457
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 2, 1996
(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 /X/.
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SCHEDULE 13D
CUSIP NO. 62820W 10 7
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NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
James A. Harrer
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) / /
(b) / /
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3 SEC USE ONLY
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SOURCE OF FUNDS
4
Not applicable
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5 CHECK BOX 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
U.S.A.
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7 SOLE VOTING POWER
826,650 on December 2, 1996
NUMBER OF ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH ------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 826,650 on December 2, 1996
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10 SHARED DISPOSITIVE POWER
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 826,650 on December 2, 1996
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES / /
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 24.6% on December 2, 1996
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14 TYPE OF REPORTING PERSON
IN
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CUSIP NO. 62820W 10 7
ITEM 1. SECURITY AND ISSUER.
This statement relates to the Common Stock, no par value (the "Common
Stock") of Mustang Software, Inc. (the "Company"), a California corporation
with principal executive offices at 6200 Lake Ming Road, Bakersfield CA 93306.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed by James A. Harrer. Mr. Harrer's business
address is Mustang Software, Inc., 6200 Lake Ming Road, Bakersfield CA 93306.
Mr. Harrer is the President, Chief Executive Officer and Chairman of the Board
of the Company and is a citizen of the United States of America.
During the past five years, Mr. Harrer has not been convicted in a
criminal proceeding and has not been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction, as a result of
which he is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION.
This statement relates to the disposition of Common Stock of the Company,
not the acquisition thereof.
(a) Sales of the securities reported in Item 5 have resulted from sales
by A. G. Edwards & Sons, Inc., as pledgee of the reporting person (the
"Pledgee"), under a margin loan (the "Margin Loan"). Additional sales of
Common Stock pledged by the reporting person by the Pledgee are expected in
order to satisfy a balance of approximately $112,000 remaining on the Margin
Loan at December 2, 1996. The number of shares sold will depend on the price
levels of the shares at the time of sale by the Pledgee.
(b)-(j). The reporting person has no plans or proposals which relate to
any of the matters specified in Items 5(b)-(j) of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) See Items 11 and 13 on Page 2 of this Schedule 13D.
(b) See Items 7 through 10 on Page 2 of this Schedule 13D.
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CUSIP NO. 62820W 10 7
(c) The following table describes all transactions in the Common Stock by
the reporting person within the last 60 days. All sales indicated in the
table, which the reporting person has been advised by the Pledgee were made in
the open market for the account of the Pledgee, reflect sales by the Pledgee
to partially satisfy the Margin Loan.
[S] [C] [C]
Number
of shares Price per
Date sold share
------------ ----------- --------------
10/30/96 5,000 $1.7500
10/31/96 10,000 $1.6250
11/5/96 1,500 $1.2500
11/6/96 8,000 $1.2500
2,000 $1.3750
11/8/96 3,000 $1.5000
11/11/96 3,100 $1.5625
2,500 $1.3750
3,900 $1.5000
11/12/96 5,000 $1.6250
5,000 $1.7500
2,000 $2.0000
2,700 $1.8750
11/15/96 3,700 $1.2500
5,000 $1.5000
11/18/96 5,000 $1.3750
5,000 $1.6250
11/19/96 200 $1.6250
11/21/96 2,000 $1.5000
5,000 $1.6250
11/22/96 2,000 $1.3750
11/25/96 5,000 $1.2500
11/27/96 10,000 $1.3125
3,000 $1.2500
11/29/96 2,000 $1.2500
3,500 $1.1875
12/2/96 7,000 $1.2500
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112,100
(d) Until the Margin Loan is satisfied, the Pledgee has the power to
direct the proceeds from the sales of the shares pledged by the reporting
person to secure the Margin Loan. The reporting person had pledged an aggregate
of 300,000 shares of Common Stock or approximately 8.9% of the shares of
Common Stock outstanding (before giving effect to sales of shares reported
herein) to secure the Margin Loan from Pledgee.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Incorporated by reference is Exhibit 1, included with SC 13D filed
11/21/96 which contains the terms of the reporting
person's pledge to the Pledgee.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
No Exhibits are being filed.
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CUSIP NO. 62820W 10 7
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.
December 6, 1996
/s/ James A. Harrer
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James A. Harrer
