0001469636-12-000002.txt : 20120305 0001469636-12-000002.hdr.sgml : 20120305 20120305154701 ACCESSION NUMBER: 0001469636-12-000002 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120305 DATE AS OF CHANGE: 20120305 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOFTECH INC CENTRAL INDEX KEY: 0000354260 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 042453033 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-35607 FILM NUMBER: 12666606 BUSINESS ADDRESS: STREET 1: 59 LOWES WAY, SUITE 401 CITY: LOWELL STATE: MA ZIP: 01851 BUSINESS PHONE: 978-513-2700 MAIL ADDRESS: STREET 1: 59 LOWES WAY, SUITE 401 CITY: LOWELL STATE: MA ZIP: 01851 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREENLEAF CAPITAL INC CENTRAL INDEX KEY: 0001469636 IRS NUMBER: 383309224 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 W MICHIGAN AVE, STE 300 CITY: KALAMAZOO STATE: MI ZIP: 49007 BUSINESS PHONE: 800-416-4555 MAIL ADDRESS: STREET 1: 100 W MICHIGAN AVE, STE 300 CITY: KALAMAZOO STATE: MI ZIP: 49007 SC 13D/A 1 filetext.txt.txt SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* SOFTECH INC (Name of Issuer) Common Stock, $0.10 par value (Title of Class of Securities) 834021206 (CUSIP Number) William D Johnston c/o Greenleaf Trust 211 South Rose Street Kalamazoo, Michigan 49007 (269) 553-6948 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 31, 2011 (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 that is the subject of this Schedule 13D, and is filing this Schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting persons 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 Section18 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). 1. Names of Reporting Persons. William D Johnston Greenleaf Capital Inc 38-3309224 Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC OO 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization William D Johnston United States of America Greenleaf Capital Inc State of Michigan 7. Sole Voting Power 264,411 Number of Shares Bene- 8. Shared Voting Power 7,000 ficially Owned by Each 9. Sole Dispositive Power 264,411 Reporting Person With: 10. Shared Dispositive Power 7,000 11. Aggregate Amount Beneficially Owned by Each Reporting Person 271,411 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row(11) 27.3% 14. Type of Reporting Person (See Instructions) William D Johnston IN Greenleaf Capital Inc CO Item 1. Security and Issuer Common stock $.10 par value Softech Inc, 59 Composite Way, Suite 401, Lowell MA 01851 Item 2. Identity and Background (a) William D Johnston; Greenleaf Capital Inc. (b) W D Johnston, c/o Greenleaf Trust, 211 South Rose St, Kalamazoo, MI 49007; Greenleaf Capital Inc, 100 W Michigan Avenue Suite 300, Kalamazoo, MI 49007 (c) William D Johnston, President of Greenleaf Capital, Inc a venture capital firm located at 100 W Michigan Avenue, Suite 300, Kalamazoo, MI 49007 (d) N/A (e) N/A (f) William D Johnston, United States of America; Greenleaf Capital Inc., State of Michigan Item 3. Source and Amount of Funds or Other Consideration William D Johnston is the sole stockholder of Greenleaf Capital Inc. Greenleaf Capital acquired the stock over a series of years through debt conversions. Mr. Johnston also acquired shares using working capital for a foundation in which he is co-trustee as well as shares for a trust in which his wife is co-trustee. Item 4. Purpose of Transaction Greenleaf Capital Incs acquisitions were primarily in connection with debt conversions and were made for investment purposes. The acquisitions made by Mr. Johnstons foundation and his wifes trust were made for investment purposes. (a) Greenleaf Capital, Inc may purchase additional shares of common stock of the issuer and alternatively may sell all or a portion of the shares held by it in the open market or in privately negotiated transactions to one or more financial or strategic purchasers, but has no present plans to do so (b) None (c) None (d) None (e) None (f) None (g) None (h) None (i) None (j) None Item 5. Interest in Securities of the Issuer (a) Amount of common stock beneficially owned by William D Johnston and Greenleaf Capital Inc as of the close of business on 12/31/2011: 271,411 Percent of Class: 27.3% (b) William D Johnston: Sole power to vote or to direct the vote 264,411 Shared power to vote or to direct the vote 7,000 Sole power to dispose or to direct the disposition of 264,411 Shared power to dispose or to direct the disposition of 7,000 Greenleaf Capital Inc: Sole power to vote or to direct the vote 264,411 Shared power to vote or to direct the vote 7,000 Sole power to dispose or to direct the disposition of 264,411 Shared power to dispose or to direct the disposition of 7,000 (c) N/A (d) N/A Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer William D Johnston is the President and sole stockholder of Greenleaf Capital Inc the record owner of 264,411 shares of the Issuers common stock reported in this Schedule 13D. Mr. Johnston is also the co trustee of the Foundation and the trust which are the record owners of 2,500 and 4,500 shares, respectively, of the Issuers common stock reported in this Schedule 13D. Greenleaf Capital Inc entered into agreements with the Issuer dated October 31, 1999 and May 26, 2000 under which the Issuer has the right to repurchase common stock. There is no expiration date associated with the Issuers right of repurchase Item 7. Material to be Filed as Exhibits Exhibit 99.1 Joint Filing Agreement dated 2/14/2012 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. Dated: 3/5/2012 William D Johnston Greenleaf Capital Inc Dated: 3/5/2012 By:__________________________________ William D Johnston, President EX-99.1 CHARTER 2 exhibit.txt.txt SCHEDULE 13D/A EXHIBIT Exhibit 99.1 JOINT FILING AGREEMENT The undersigned, William D Johnston and Greenleaf Capital, Inc, do hereby agree that Schedule 13 D to which this Exhibit 1 is attached is being filed on their behalf the 5th day of March 2012. _________________________________ William D Johnston Greenleaf Capital, Inc. By: _____________________________ William D Johnston, President