SC 13G: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on February 12, 1996
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
Name of Issuer - Intuit Corp.
Title or Class of Securities - Common Stock
CUSIP Number - 461202103
Check the following box if a fee is being paid with this statement [ X ].
Cusip No. 461202103
Page 2 of 10 Pages
1. Name of Reporting Person
(S.S. or I.R.S. Identification No. of above person)
Twentieth Century Companies, Inc. - 43-1325032
2. Check the appropriate box if a member of a group* - N/A
3. SEC Use Only
4. Citizenship or place of organization
Delaware
5. Sole voting power
3,700,200
6. Shared voting power
0
7. Sole dispositive power
3,700,200
8. Shared dispositive power
0
9. Aggregate amount beneficially owned by each reporting person
3,700,200
10. Check box if the aggregate amount in Row (9) excludes certain shares -
N/A
11. Percent of class represented by amount in Row 9
8.3%
12. Type of reporting person*
HC
Cusip No. 461202103
Page 3 of 10 Pages
1. Name of Reporting Person
(S.S. or I.R.S. Identification No. of above person)
Investors Research Corporation - 44-0640487
2. Check the appropriate box if a member of a group* - N/A
3. SEC Use Only
4. Citizenship or place of organization
Delaware
5. Sole voting power
3,700,200
6. Shared voting power
0
7. Sole dispositive power
3,700,200
8. Shared dispositive power
0
9. Aggregate amount beneficially owned by each reporting person
3,700,200
10. Check box if the aggregate amount in Row (9) excludes certain shares -
N/A
11. Percent of class represented by amount in Row 9
8.3%
12. Type of reporting person*
IA
Cusip No. 461202103
Page 4 of 10 Pages
1. Name of Reporting Person
(S.S. or I.R.S. Identification No. of above person)
Twentieth Century Investors, Inc. - 44-6006315
2. Check the appropriate box if a member of a group* - N/A
3. SEC Use Only
4. Citizenship or place of organization
Maryland
5. Sole voting power
3,660,000
6. Shared voting power
0
7. Sole dispositive power
3,660,000
8. Shared dispositive power
0
9. Aggregate amount beneficially owned by each reporting person
3,660,000
10. Check box if the aggregate amount in Row (9) excludes certain shares -
N/A
11. Percent of class represented by amount in Row 9
8.3%
12. Type of reporting person*
IV
Cusip No. 461202103
Page 5 of 10 Pages
1. Name of Reporting Person
(S.S. or I.R.S. Identification No. of above person)
James E. Stowers, Jr. - ###-##-####
2. Check the appropriate box if a member of a group* - N/A
3. SEC Use Only
4. Citizenship or place of organization
United States
5. Sole voting power
3,700,200
6. Shared voting power
0
7. Sole dispositive power
3,700,200
8. Shared dispositive power
0
9. Aggregate amount beneficially owned by each reporting person
3,700,200
10. Check box if the aggregate amount in Row (9) excludes certain shares -
N/A
11. Percent of class represented by amount in Row 9
8.3%
12. Type of reporting person*
IN
SCHEDULE 13G
Item 1(a). NAME OF ISSUER
Intuit Corp.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
155 Linfield Avenue
Menlo Park, CA 94025
Item 2(a). NAME OF PERSONS FILING
Twentieth Century Companies, Inc., on its behalf and on behalf of:
Investors Research Corporation
Twentieth Century Investors, Inc.
James E. Stowers, Jr.
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
4500 Main Street, P.O. Box 418210, Kansas City, MO 64141-9210
Attn: David H. Reinmiller
Item 2(c). CITIZENSHIP
Delaware
Item 2(d). TITLE OF CLASS OF SECURITIES
Common Stock
Item 2(e). CUSIP NO.
461202103
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A
g [ X ] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G) (Note: See Item 7).
Item 4. OWNERSHIP
(a) Aggregate amount beneficially owned:
3,700,200
(b) Percent of class:
8.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
3,700,200
(ii) shared power to vote or to direct the vote:
0
(iii)sole power to dispose or to direct the
disposition of: 3,700,200
(iv) shared power to dispose or to direct the
disposition of: 0
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Investors Research Corporation, a registered investment adviser and a
wholly-owned subsidiary of Twentieth Century Companies, Inc., manages, pursuant
to management agreements, the investments of six registered investment
companies, Twentieth Century Investors, Inc., Twentieth Century World Investors,
Inc., Twentieth Century Capital Portfolios, Inc., Twentieth Century Premium
Reserves, Inc., TCI Portfolios, Inc., and Twentieth Century Strategic Asset
Allocations, Inc. It also manages the assets of institutional investor accounts.
The securities that are the subject of this report are owned by and held for
such investment companies and separate institutional investor accounts. Any
dividends received from such securities, or the proceeds of any sale of such
securities, are for the benefit of, and are held for such investment companies
and separate institutional investor accounts.
Twentieth Century Investors, Inc. owned 3,660,000 shares or 8.3% of the
securities that are the subject of this report.
For further information regarding the ownership of the securities that are
the subject of this report, see Exhibit A attached hereto.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
See attached Exhibits A and B.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
Item 9. NOTICE OF DISSOLUTION OF GROUP
N/A
Item 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
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.
February 9, 1996 TWENTIETH CENTURY COMPANIES, INC.
Date
By: /s/ William M. Lyons
William M. Lyons
Executive Vice President
EXHIBIT A
IDENTITY AND ITEM 3 CLASSIFICATION OF A SUBSIDIARY OF PARENT HOLDING COMPANIES
This Schedule 13G is being filed by Twentieth Century Companies, Inc.
("TCC"). Investors Research Corporation ("IRC"), an investment advisor
registered under Section 203 of the Investment Advisors Act of 1940, is a
wholly-owned subsidiary of TCC. Mr. James E. Stowers, Jr., controls TCC by
virtue of his beneficial ownership of a majority of the voting stock of TCC.
As a result of its status as investment advisor to six investment companies
registered under Section 8 of the Investment Company Act and to several
institutional investors, IRC is deemed to be the beneficial owner of 3,700,200
shares (the "Shares") or 8.3% of the outstanding common stock of Intuit Corp.
(the"Issuer").
TCC, as a result of its control of IRC, and Mr. Stowers, as a result of his
control of TCC, are also deemed to beneficially own all such shares deemed to be
beneficially owned by IRC. Mr. Stowers, TCC and IRC all disclaim beneficial
ownership of the Shares.
The ownership of one investment company client of IRC, Twentieth Century
Investors, Inc. ("TCI"), totalled 3,660,000 shares or 8.3% of the outstanding
common stock of the Issuer.
This Schedule 13G is being filed by TCC on behalf of TCC, IRC, TCI and Mr.
Stowers.
EXHIBIT B
Rule 13d-1(f)(1)(iii) Agreement
Each of the undersigned hereby agrees and consents to the execution and
joint filing on its or his behalf by Twentieth Century Companies, Inc. of this
Schedule 13G respecting the beneficial ownership of the common stock of Intuit
Corp. at December 31, 1995.
Dated this 9th day of February, 1996.
Twentieth Century Companies, Inc.
By: /s/ William M. Lyons
William M. Lyons
Executive Vice President
Investors Research Corporation
By: /s/ William M. Lyons
William M. Lyons
Executive Vice President
Twentieth Century Investors, Inc.
By: /s/ William M. Lyons
William M. Lyons
Executive Vice President
/s/ James E. Stowers, Jr.
James E. Stowers, Jr.