-----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, V/jIoXtbSGd/CU2fjh5xB8Qgrum9H6XmLG72M08AkZXrW0+oPHvWXmLRyiCkRUu6 K1FATsplv1JAhBVYNWP3vA== 0000897069-97-000257.txt : 19970530 0000897069-97-000257.hdr.sgml : 19970530 ACCESSION NUMBER: 0000897069-97-000257 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970529 SROS: NYSE GROUP MEMBERS: DONALD A. YACKTMAN GROUP MEMBERS: YACKTMAN ASSET MANAGEMENT CO. GROUP MEMBERS: YACKTMAN FUND INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN QUEST CO CENTRAL INDEX KEY: 0000886206 STANDARD INDUSTRIAL CLASSIFICATION: BLANKBOOKS, LOOSELEAF BINDERS & BOOKBINDING & RELATED WORK [2780] IRS NUMBER: 087040551 STATE OF INCORPORATION: UT FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43123 FILM NUMBER: 97616204 BUSINESS ADDRESS: STREET 1: 2200 W PKWY BLVD CITY: SALT LAKE CITY STATE: UT ZIP: 84119-2331 BUSINESS PHONE: 8019751776 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: YACKTMAN FUND INC CENTRAL INDEX KEY: 0000885980 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 303 W MADISON ST CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3126412400 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) * FRANKLIN QUEST COMPANY (Name of Issuer) Common Stock, $.05 par value (Title of Class of Securities) 354-596108 (CUSIP Number) Stephen A. Yacktman 303 W. Madison Street Suite 1925 Chicago, Illinois 60606 (312) 201-1200 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 21, 1997 (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 [ ] . (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *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 disclosures provided in a prior cover page. The information required on 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). SCHEDULE 13D CUSIP No. 354-596108 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Yacktman Asset Management Co. 36-3780592 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO Funds of Investment Advisory Clients 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] Not Applicable 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois 7 SOLE VOTING POWER NUMBER OF SHARES 410,000 BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 460,600 EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 2,837,600 WITH 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,837,600 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] Not Applicable 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.36% (see footnote 1) 14 TYPE OF REPORTING PERSON* IA 1. Based upon an aggregate of 19,766,458 shares outstanding at April 21, 1997. * SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 354-596108 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Donald A. Yacktman 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* PF to extent shares are not also beneficially owned by Yacktman Asset Management Co. 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] Not Applicable 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States 7 SOLE VOTING POWER NUMBER OF SHARES 50,000 BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 460,600 (see footnote 1) EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 50,000 WITH 10 SHARED DISPOSITIVE POWER 2,837,600 (see footnote 1) 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,887,600 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] Not Applicable 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.61% (see footnote 2) 14 TYPE OF REPORTING PERSON* IN 1. Represents shares beneficially owned by Yacktman Asset Management Co.; the undersigned holds 100% of the outstanding shares of capital stock of Yacktman Asset Management Co. 2. Based upon an aggregate of 19,766,458 shares outstanding at April 21, 1997. * SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 354-596108 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Yacktman Funds, Inc. 36-3831621 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3 SEC USE ONLY 4 SOURCE OF FUNDS* WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] Not Applicable 6 CITIZENSHIP OR PLACE OF ORGANIZATION Maryland 7 SOLE VOTING POWER NUMBER OF SHARES 1,967,000 BENEFICIALLY OWNED BY 8 SHARED VOTING POWER EACH REPORTING 0 PERSON 9 SOLE DISPOSITIVE POWER WITH 0 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,967,000 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] Not Applicable 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.95% (see footnote 1) 14 TYPE OF REPORTING PERSON* IV 1. Based upon an aggregate of 19,766,458 shares outstanding at April 21, 1997. * SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Item 4 Purpose of Transaction Each of the reporting persons has acquired the shares of common stock of Franklin Quest Company (the "Common Stock") beneficially owned by it or him for investment purposes and may acquire additional shares, or dispose of some or all of the shares of Common Stock, from time to time, depending upon price and market conditions, evaluation of alternative investments and other factors. Yacktman Asset Management holds the Common Stock in the ordinary course of business, and has determined that it no longer holds such securities with the purpose or with the effect of changing or influencing the control of the issuer, or in connection with or as a participant in any transaction having such purpose or effect. Item 5 Interest in Securities of the Issuer (a) As of May 29, 1997, each of the following reporting persons beneficially owned the aggregate number and percentage of the shares of Common Stock set forth below: Number of Percentage of Person Shares Common Stock Donald A. Yacktman 2,887,600 14.61% Yacktman Asset Management Co. 2,837,600 14.36% The Yacktman Funds, Inc. 1,967,000 9.95% Jon D. Carlson 0 0 Ronald W. Ball 2,500 .000126% Thomas R. Hanson 0 0 Stanislaw Maliszewski 0 0 Stephen E. Upton 0 0 (b) Yacktman Asset Management has sole power to vote or to direct the vote of 410,000 shares of Common Stock, shared power to vote or to direct the vote of 460,600 shares of Common Stock, and sole power to dispose or to direct the disposition of 2,837,600 shares of Common Stock. Yacktman has sole power to vote or to direct the vote of, and sole power to dispose or to direct the disposition of 50,000 shares of Common Stock. By virtue of his ownership of Yacktman Asset Management, Yacktman has shared power to vote or to direct the vote of 460,600 shares of Common Stock, and shared power to dispose or to direct the disposition of 2,837,600 shares of Common Stock. The Yacktman Funds have sole power to vote or to direct the vote of 1,967,000 shares of Common Stock, and have no power to dispose or to direct the disposition of the Common Stock beneficially owned by it. Ronald W. Ball has the sole power to vote or to direct the vote of, and the sole power to dispose or to direct the disposition of, 2,500 shares of Common Stock. (c) During the 60 day period ended as of the date hereof, the reporting persons have sold no shares of the Common Stock. During the 60 day period ended as of the date hereof, the reporting persons have acquired shares of the Common Stock in open market transactions, as follows: Price No. of Shares Per Name Date Acquired Share Donald A. Yacktman - -0- - The Yacktman Funds, 03/25/97 3,700 21.06 Inc.* 04/07/97 20,000 20.68 04/16/97 8,000 21.18 04/17/97 15,900 21.43 05/01/97 44,100 22.02 05/01/97 4,500 22.05 05/07/97 20,100 21.39 05/07/97 600 21.72 05/08/97 18,200 21.56 05/09/97 7,400 21.18 05/13/97 2,500 21.89 05/14/97 3,000 21.47 05/21/97 2,000 23.02 05/22/97 3,000 23.06 05/27/97 2,000 23.37 05/29/97 5,000 23.33 Ronald W. Ball - -0- - Yacktman Asset 03/24/97 6,100 21.45 Management Co. 03/24/97 900 21.33 04/24/97 5,000 21.72 05/02/97 9,000 22.18 05/09/97 1,500 21.02 05/15/97 14,000 22.31 05/20/97 1,000 22.95 05/20/97 1,000 22.95 05/21/97 1,000 23.22 05/21/97 1,000 23.17 05/21/97 1,000 23.22 05/21/97 3,000 23.09 05/21/97 1,000 22.90 05/22/97 1,200 23.14 05/22/97 800 23.27 05/22/97 7,000 23.22 (d) Not applicable. (e) Not applicable. * All purchases made by Yacktman Asset Management Co. on behalf of The Yacktman Funds, Inc. Signature Each of the undersigned, after reasonable inquiry and to the best of its or his knowledge and belief, hereby certify that the information set forth in this statement is true, complete and correct. Dated: May 29, 1997 YACKTMAN ASSET MANAGEMENT CO. By:/s/ Donald A. Yacktman Donald A. Yacktman, President Dated: May 29, 1997 /s/ Donald A. Yacktman Donald A. Yacktman Dated: May 29, 1997 THE YACKTMAN FUNDS, INC. By:/s/ Donald A. Yacktman Donald A. Yacktman, President -----END PRIVACY-ENHANCED MESSAGE-----