SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(RULE 13d-101)
(AMENDMENT NO. 3)*
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
XATA CORPORATION
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE
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(Title of Class of Securities)
983882 30 9
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(CUSIP Number)
JAMES E. HEERIN
JOHN DEERE SPECIAL TECHNOLOGIES GROUP, INC.
300 GRIMES BRIDGE ROAD
ROSWELL, GEORGIA 30075
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
JULY 5, 2001
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(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. /_/
NOTE. Six copies of this statement, including exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
(Continued on following pages)
(Page 1 of 7 Pages)
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*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
1034 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).
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CUSIP No. 983882 30 9 13D Page 2 of 7 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
JOHN DEERE SPECIAL TECHNOLOGIES GROUP, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/ (1)
(b) / / (2)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) / / (3)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF SHARES BENE- 7 SOLE VOTING POWER
FICIALLY OWNED BY EACH
REPORTING PERSON WITH 2,144,060
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8 SHARED VOTING POWER
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9 SOLE DISPOSITIVE POWER
2,144,060
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,144,060
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / / (4)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.1%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS
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CUSIP No. 983882 30 9 13D Page 3 of 7 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
DEERE & COMPANY
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /x/ (5)
(b) / / (6)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) / / (7)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF SHARES BENE- 7 SOLE VOTING POWER
FICIALLY OWNED BY EACH
REPORTING PERSON WITH 2,144,060(1)
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8 SHARED VOTING POWER
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9 SOLE DISPOSITIVE POWER
2,144,060(1)
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,144,060(1)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / / (8)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.1%
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14 TYPE OF REPORTING PERSON*
CO
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(1) CONSISTS OF 2,144,060 SHARES OWNED BY JOHN DEERE SPECIAL TECHNOLOGY GROUP,
INC., A WHOLLY-OWNED SUBSIDIARY OF DEERE & COMPANY.
*SEE INSTRUCTIONS
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CUSIP No. 983882 30 9 13D Page 4 of 7 Pages
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This Amendment No. 3 (this "Third Amendment") amends and supplements
the Schedule 13D filed jointly on September 11, 2000 by John Deere Special
Technologies Group, Inc., a Delaware corporation ("JDSTG"), and Deere & Company,
a Delaware corporation ("Deere"), with respect to common stock, $.01 par value
(the "Common Stock") of XATA Corporation, a Minnesota corporation (the
"Issuer"), as amended by the Amendment No. 1 to Schedule 13D filed jointly on
November 9, 2000, as further amended by the Amendment No. 2 to Schedule 13D
filed jointly on January 10, 2001. All capitalized terms used in this Third
Amendment and not otherwise defined herein have the meaning ascribed to such
terms in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION.
Item 3 of the Schedule 13D is hereby amended and restated in its
entirety to read as follows:
On August 31, 2000, JDSTG purchased 630,000 shares of Common Stock of
the Issuer, pursuant to a Stock Purchase Agreement between JDSTG and the Issuer,
and purchased 200,000 shares of Common Stock of the Issuer pursuant to a Selling
Stockholder Agreement between JDSTG and XATA Investment Partners, LLC (the
"Selling Stockholder"). The source of funds used to purchase such shares of
Common Stock of the Issuer was working capital of JDSTG.
On July 5, 2001, JDSTG purchased an additional 1,314,060 shares of
Common Stock of the Issuer, pursuant to the Stock Purchase Agreement between
JDSTG and the Issuer. The source of funds used to purchase such shares of Common
Stock of the Issuer was working capital of JDSTG.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of the Schedule 13D is hereby amended and restated in its
entirety to read as follows:
JDSTG purchased its equity interest in the Issuer as a strategic
investment in onboard technology for the transportation industry.
Pursuant to a Stock Purchase Agreement dated as of August 30, 2000, by
and between JDSTG and the Issuer (the "Stock Purchase Agreement"), as amended by
Amendment No. 1 to Stock Purchase Agreement dated as of October 31, 2000, by and
between JDSTG and the Issuer (the "Amendment to Stock Purchase Agreement"),
JDSTG purchased 630,000 newly issued shares of Common Stock. Pursuant to a
Selling Stockholder Agreement dated as of August 30, 2000, by and between JDSTG
and XATA Investment Partners, LLC (the "Selling Stockholder Agreement"), JDSTG
purchased 200,000 shares of Common Stock from the Selling Stockholder. Pursuant
to the Stock Purchase Agreement and the Amendment to Stock Purchase Agreement,
if certain conditions were satisfied, including shareholder approval of the
issuance of additional shares, satisfactory completion of due diligence by
JDSTG, and successful beta testing of one of the Issuer's products, JDSTG would
purchase an additional 1,314,060 shares of Common Stock on or prior to December
31, 2000 or such other date as the parties may agree (the "2nd Closing"). JDSTG
also has an option, exercisable at any time prior to December 31, 2002, to
purchase up to 1,202,940 shares of Common Stock (the "Share Option"). In
addition, JDSTG has an option, exercisable between August 1, 2001 and August 1,
2002, to convert a currently outstanding promissory note from the Issuer to
JDSTG into shares of Common Stock of the Issuer. JDSTG has also been granted
certain registration rights pursuant to a Registration Rights Agreement dated as
of August 30, 2000, between JDSTG and the Issuer, which is filed as Exhibit 3
hereto and incorporated herein by reference.
The descriptions of the Stock Purchase Agreement, the Amendment to
Stock Purchase Agreement and the Selling Stockholder Agreement throughout this
Schedule 13D are qualified in their entirety by reference to the copies of such
Stock Purchase Agreement, Amendment to Stock Purchase Agreement and Selling
Stockholder Agreement, respectively, which are filed as Exhibits 1, 5 and 2
hereto and are incorporated herein by reference.
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CUSIP No. 983882 30 9 13D Page 5 of 7 Pages
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In accordance with the provisions of the Stock Purchase Agreement,
effective August 31, 2000, Dennis R. Johnson resigned from the Board of
Directors of the Issuer. Two JDSTG nominees, Charles R. Stamp, Jr., and Barry
Batcheller, were appointed to fill the resulting vacancy and an existing vacancy
in the Board of Directors of the Issuer. In accordance with the provisions of
the Amendment to Stock Purchase Agreement, if JDSTG exercises the Share Option
in full, as described above, JDSTG will have the right to designate one more
member to serve on the Board of Directors of the Issuer.
The Board of Directors of the Issuer approved an amendment to the
Issuer's Articles of Incorporation increasing the number of authorized shares of
Common Stock and removing the reservation of voting rights solely to Common
Stock and recommended the amendment to the shareholders for approval. The
shareholders of the Issuer approved this amendment at a Special Meeting of
Shareholders of the Issuer held on November 30, 2000 (the "Special Meeting"),
and the amendment to the Issuer's Articles of Incorporation was filed on
December 6, 2000. At the Special Meeting the shareholders of the Issuer also
approved the purchase by JDSTG of up to 3,600,000 shares of Common Stock of the
Issuer. The increase in the number of authorized shares of Common Stock and the
approval of the share purchase by JDSTG were necessary to effectuate, and were a
condition to, the 2nd Closing.
On December 28, 2000, JDSTG and the Issuer entered into a Side
Agreement (the "Side Agreement") whereby the parties agreed that the 2nd Closing
shall occur pursuant to, and subject to the conditions provided in, the Stock
Purchase Agreement, as amended by the Amendment to the Stock Purchase Agreement,
no later than September 30, 2001, and that this extension of the 2nd Closing
constitutes an agreement by the parties to extend the deadline for termination
of the Stock Purchase Agreement to September 30, 2001.
The description of the Side Agreement throughout this Schedule 13D is
qualified in its entirety by reference to the copy of such Side Agreement which
is filed as Exhibit 6 hereto and is incorporated herein by reference.
Pursuant to the Stock Purchase Agreement, as amended by the Amendment
to Stock Purchase Agreement, and the Side Agreement, JDSTG purchased 1,314,060
shares of Common Stock of the Issuer in the 2nd Closing on July 5, 2001.
Other than as described above, JDSTG may, from time to time, review its
investment position in the Issuer and may, depending on market and other
conditions, desire to increase or decrease such investment position. Pursuant to
the Stock Purchase Agreement, for a period of one year from the date of the
Stock Purchase Agreement, JDSTG must obtain the prior approval of the Issuer's
Board of Directors in order to purchase additional shares of the Issuer.
Other than as described above, neither JDSTG nor Deere has any
current plans or proposals which relate to or would result in any transaction,
change or event specified in clauses (a) through (j) of Item 4 of the Schedule
13D form. JDSTG and Deere reserve the right to develop such plans or proposals
in the future.
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CUSIP No. 983882 30 9 13D Page 6 of 7 Pages
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended and restated in its entirety as follows:
The aggregate number of shares to which this Schedule 13D relates is
2,144,060 shares, representing 31.1% of the 6,893,351 outstanding shares of the
Common Stock of the Issuer.
JDSTG is a wholly-owned subsidiary of Deere & Company (NYSE symbol
"DE"). Deere & Company does not directly beneficially own any shares of the
Issuer.
Other than the transactions described above, no transactions in the
shares of Common Stock of the Issuer have been effected by JDSTG or Deere or, to
JDSTG's knowledge or Deere's knowledge, by any of the executive officers and
directors of JDSTG or Deere named in Schedule I and Schedule II to this Schedule
13D, respectively, during the past 60 days.
To JDSTG's knowledge and to Deere's knowledge, no other person has the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the securities covered by this Schedule 13D.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Item 7 is hereby amended and restated in its entirety as follows:
Exhibit 1: Stock Purchase Agreement, dated as of August 30, 2000, by
and between John Deere Special Technologies Group, Inc.,
and XATA Corporation (incorporated herein by reference to
the Schedule 13D filed on September 11, 2000).
Exhibit 2: Selling Stockholder Agreement, dated as of August 30, 2000,
by and between John Deere Special Technologies Group, Inc.,
and XATA Investment Partners, LLC (incorporated herein by
reference to the Schedule 13D filed on September 11, 2000).
Exhibit 3: Registration Rights Agreement, dated as of August 30, 2000,
by and between John Deere Special Technologies Group, Inc.
and XATA Corporation (incorporated herein by reference to
the Schedule 13D filed on September 11, 2000).
Exhibit 4: Joint Filing Agreement, dated as of September 8, 2000, by
and between John Deere Special Technologies Group, Inc. and
Deere & Company (incorporated herein by reference to the
Schedule 13D filed on September 11, 2000).
Exhibit 5: Amendment No. 1 to Stock Purchase Agreement, dated as of
October 31, 2000, by and between John Deere Special
Technologies Group, Inc., and XATA Corporation
(incorporated herein by reference to the Amendment No. 1
to Schedule 13D filed on November 9, 2000).
Exhibit 6: Side Agreement, dated as of December 28, 2000, by and
between John Deere Special Technologies Group, Inc., and
XATA Corporation (incorporated herein by reference to the
Amendment No. 2 to Schedule 13D filed on January 10, 2001).
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CUSIP No. 983882 30 9 13D Page 7 of 7 Pages
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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.
July 5, 2001
JOHN DEERE SPECIAL TECHNOLOGIES GROUP, INC.
By: /s/ James E. Heerin
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Name: James E. Heerin
Title: Vice President
DEERE & COMPANY
By: /s/ Charles R. Stamp
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Name: Charles R. Stamp
Title: Vice President