-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TgXpDXfHl+uhUdhVWWlmbCKa5QOIXoSivQRtJQAdMPKG+ggyaMI1kdHt5lSfTKiF uo0E+XbDPQBe3YyWfboEng== 0000929624-98-000353.txt : 19980218 0000929624-98-000353.hdr.sgml : 19980218 ACCESSION NUMBER: 0000929624-98-000353 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NASD GROUP MEMBERS: BILDNER JAMES L GROUP MEMBERS: JAMES L. BILDNER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TIER TECHNOLOGIES INC CENTRAL INDEX KEY: 0001045150 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 943145844 STATE OF INCORPORATION: CA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-52757 FILM NUMBER: 98543981 BUSINESS ADDRESS: STREET 1: 1350 TREAT BLVD STREET 2: SUITE 250 CITY: WALNUT CREEK STATE: CA ZIP: 94596 BUSINESS PHONE: 5109373950 MAIL ADDRESS: STREET 1: 1350 TREAT BLVD STREET 2: STE 250 CITY: WALNUT CREEK STATE: CA ZIP: 94596 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BILDNER JAMES L CENTRAL INDEX KEY: 0001055888 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1350 TREAT BOULEVARD SUITE 250 CITY: WALNUT CREEK STATE: CA ZIP: 94596 BUSINESS PHONE: 5109373950 MAIL ADDRESS: STREET 1: 1350 TREAT BOULEVARD SUITE 250 CITY: WALNUT CREEK STATE: CA ZIP: 94596 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. __)* Tier Technologies, Inc. (Name of Issuer) Class B Common Stock (Title of Class of Securities) 88650Q 10 0 (CUSIP Number) *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). Page 1 of 4 - ----------------------- --------------------- CUSIP NO. 88650Q 10 0 13G PAGE 2 OF 4 PAGES - ----------------------- --------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James L. Bildner - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 United States citizen - ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 579,048 shares (includes: (i) 480,000 shares of Class B Common Stock owned by Mr. Bildner (ii) 19,048 shares of Class B Common Stock owned by Mr. Bildner's SHARES father, over which Mr. Bildner has voting and dispositive power, and (iii) a vested stock option that gives Mr. Bildner the right to acquire an additional 80,000 shares of Class B Common Stock). BENEFICIALLY ----------------------------------------------------------- SHARED VOTING POWER OWNED BY 6 1,659,762 shares (includes 1,639,762 shares of Class A EACH Common Stock held by the Tier Technologies, Inc. Voting Trust ("Voting Trust"), for which Mr. Bildner REPORTING serves as a trustee, that are convertible into an equal number of shares of Class B Common Stock. Also PERSON includes vested stock options that give each of Mr. Bildner and William G. Barton the right to acquire an WITH additional 10,000 shares of Class A Common Stock, which upon issuance shall be held by the Voting Trust.) ----------------------------------------------------------- SOLE DISPOSITIVE POWER 7 579,048 shares (includes: (i) 480,000 shares of Class B Common Stock owned by Mr. Bildner (ii) 19,048 shares of Class B Common Stock owned by Mr. Bildner's father, over which Mr. Bildner has voting and dispositive power, and (iii) a vested stock option that gives Mr. Bildner the right to acquire an additional 80,000 shares of Class B Common Stock. ----------------------------------------------------------- SHARED DISPOSITIVE POWER 8 None - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 2,238,810 shares (includes: (i) 480,000 shares of Class B Common Stock owned by Mr. Bildner, (ii) 19,048 shares of Class B Common Stock owned by Mr. Bildner's father, over which Mr. Bildner has voting and dispositive power, (iii) a vested stock option that gives Mr. Bildner the right to acquire an additional 80,000 shares of Class B Common Stock, (iv) 1,639,762 shares of Class A Common Stock held by the Voting Trust, for which Mr. Bildner serves as a trustee, that are convertible into an equal number of shares of Class B Common Stock, and (v) vested stock options that give each of Messrs. Bildner and Barton the right to acquire an additional 10,000 shares of Class A Common Stock, which upon issuance shall be held by the Voting Trust and which are convertible into an equal number of shares of Class B Common Stock.) - ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 10 [ ] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11 23.76% (percentage ownership is calculated based on 7,680,888 shares of Class B Common Stock outstanding as of January 21, 1998, plus 1,639,762 shares of Class B Common Stock deemed outstanding upon conversion of the Voting Trust's Class A Common Stock to Class B Common Stock, 80,000 shares of Class B Common Stock deemed outstanding upon the exercise of Mr. Bildner's vested stock option and 20,000 shares of Class B Common Stock deemed outstanding upon the exercise and conversion into Class B Common Stock of stock options to purchase Class A Common Stock held by Messrs. Bildner and Barton, as provided by Rule 13d-3(d)(1)(i)). - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 12 IN - ------------------------------------------------------------------------------ *SEE INSTRUCTION BEFORE FILLING OUT! Item 1. (a) Name of Issuer: Tier Technologies, Inc. (b) Address of Issuer's Principal Executive Offices: 1350 Treat Blvd., Suite 250 Walnut Creek, CA 94596 Item 2. (a) Name of Person Filing: James L. Bildner (b) Address of Principal Business Office or, if None, Residence: c/o Tier Technologies, Inc. 1350 Treat Blvd., Suite 250 Walnut Creek, CA 94596 (c) Citizenship: United States citizen (d) Title of Class of Securities: Class B Common Stock (e) CUSIP Number: 88650Q 10 0 Item 3. Inapplicable. Item 4. Ownership (a) Amount beneficially owned: 2,238,810 shares (includes: (i) 480,000 shares of Class B Common Stock owned by Mr. Bildner, (ii) 19,048 shares of Class B Common Stock owned by Mr. Bildner's father, over which Mr. Bildner has voting and dispositive power, (iii) a vested stock option that gives Mr. Bildner the right to acquire an additional 80,000 shares of Class B Common Stock, (iv) 1,639,762 shares of Class A Common Stock held by the Voting Trust, for which Mr. Bildner serves as a trustee, that are convertible into an equal number of shares of Class B Common Stock, and (v) vested stock options that give each of Messrs. Bildner and Barton the right to acquire an additional 10,000 shares of Class A Common Stock, which upon issuance shall be held by the Voting Trust and which are convertible into an equal number of shares of Class B Common Stock.) (b) Percent of class: 23.76% (percentage ownership is calculated based on 7,680,888 shares of Class B Common Stock outstanding as of January 21, 1998, plus 1,639,762 shares of Class B Common Stock deemed outstanding upon conversion of the Voting Trust's Class A Common Stock to Class B Common Stock, 80,000 shares of Class B Common Stock deemed outstanding upon the exercise of Mr. Bildner's vested stock option and 20,000 shares of Class B Common Stock deemed outstanding upon the exercise and conversion into Class B Common Stock of stock options to purchase Class A Common Stock held by Messrs. Bildner and Barton, as provided by Rule 13d-3(d)(1)(i)). (c) Number of shares as to which such person has: (i) Sole power to vote or to direct to the vote: 579,048 shares (includes: (i) 480,000 shares of Class B Common Stock owned by Mr. Bildner (ii) 19,048 shares of Class B Common Stock owned by Mr. Bildner's father, over which Mr. Bildner has voting and dispositive power and (iii) a vested stock option that gives Mr. Bildner the right to acquire an additional 80,000 shares of Class B Common Stock.) (ii) Shared power to vote or to direct the vote: 1,659,762 shares (includes 1,639,762 shares of Class A Common Stock held by the Voting Trust for which Mr. Bildner serves as a trustee, that are convertible into an equal number of shares of Class B Common Stock. Also includes vested stock options that give each of Mssrs. Bildner and Barton the right to acquire an additional 10,000 shares of Class A Common Stock, which upon issuance shall be held by the Voting Trust.) (iii) Sole power to dispose or to direct the disposition of: 579,048 shares (includes: (i) 480,000 shares of Class B Common Stock owned by Mr. Bildner, (ii) 19,048 shares of Class B Common Stock owned by Mr. Bildner's father, over which Mr. Bildner has voting and dispositive power, and (iii) a vested stock option that gives Mr. Bildner the right to acquire an additional 80,000 shares of Class B Common Stock.) (iv) Shared power to dispose or to direct the disposition of: None. Item 5. Ownership of Five Percent or Less of a Class. Inapplicable. Item 6. Ownership of Five Percent on Behalf of Another Person. Inapplicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Inapplicable. Item 8. Identification and Classification of Members of the Group. Inapplicable. Item 9. Notice of Dissolution of Group. Inapplicable. Item 10. Certification. Inapplicable. Page 3 of 4 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. Date: February 12, 1998 Signature: /s/ James L. Bildner --------------------------------- James L. Bildner Chairman of the Board and Chief Executive Officer Page 4 of 4 -----END PRIVACY-ENHANCED MESSAGE-----