1 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 7 , 1996 REGISTRATION NO.____________________________________________ ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-8/S-3 REGISTRATION STATEMENT (Including registration of shares for resale by means of a Form S-3 Prospectus) UNDER THE SECURITIES ACT OF 1933 OPENVISION TECHNOLOGIES, INC. (Exact name of issuer as specified in its charter) DELAWARE 94-3161663 (State of Incorporation) (I.R.S. Employer Identification Number) 7133 KOLL CENTER PARKWAY, SUITE 200 PLEASANTON, CA 94566 (Address of principal executive offices) 1996 EMPLOYEE STOCK PURCHASE PLAN 1996 DIRECTOR OPTION PLAN 1992 STOCK PLAN (Full title of the plan) MICHAEL S. FIELDS CHAIRMAN OF THE BOARD OPENVISION TECHNOLOGIES, INC. 7133 KOLL CENTER PARKWAY PLEASANTON, CA 94566 (510) 426-6400 (Name, address, including zip code and telephone number, including area code, of agent for service) Copy to: BARRY E. TAYLOR, ESQ. DONNA M. PETKANICS, ESQ. WILSON SONSINI GOODRICH & ROSATI, P.C. 650 PAGE MILL ROAD PALO ALTO, CALIFORNIA 94304 CALCULATION OF REGISTRATION FEE =================================================================================================================================== PROPOSED PROPOSED MAXIMUM MAXIMUM AMOUNT OF TITLE OF SECURITIES AMOUNT TO BE OFFERING PRICE AGGREGATE REGISTRATION TO BE REGISTERED REGISTERED PER SHARE OFFERING PRICE FEE - ----------------------------------------------------------------------------------------------------------------------------------- Common Stock, $.001 par value - To be issued under the 1996 Employee Stock 300,000 shares $ 11.90(1) $ 3,570,000(1) $ 1,231 Purchase Plan - To be issued under the 1996 Director Option Plan 250,000 shares $ 14.00(2) $ 3,500,000(2) $ 1,207 - Issued under the 1992 Stock Plan 784,977 shares $ 14.00(2) $ 10,989,678(2) $ 3,790 - To be issued under the 1992 Stock Plan 2,909,870 shares $ 9.50(3) $ 27,643,765(3) $ 9,532 TOTAL 4,244,847 SHARES $ 45,703,443 $ 15,760 =================================================================================================================================== (1) Estimated pursuant to Rule 457 solely for purposes of calculating the registration fee on the basis of 85% of the Price to Public set forth on the cover page of the Company's Prospectus dated May 7, 1996 relating to its initial public offering, $14.00 per share (the "MARKET PRICE"). (2) Estimated pursuant to Rule 457(h) solely for purposes of calculating the registration fee on the basis of the Market Price. (3) Estimated pursuant to Rule 457 solely for the purpose of calculating the registration fee. The price of $9.50 per share represents the weighted average exercise price based on (a) the weighted average exercise price of the 1,065,594 shares subject to options currently outstanding under the 1992 Stock Plan of $1.72 per share, and (b) as to the 1,844,276 shares subject to future issuance under the 1992 Stock Plan, the Market Price. 2 PROSPECTUS OPENVISION TECHNOLOGIES, INC. 784,977 Shares Common Stock -------------------------------------- This Prospectus relates to 784,977 shares of the Common Stock (the "COMMON STOCK") of OpenVision Technologies, Inc. (the "COMPANY"), which may be offered from time to time by Selling Stockholders (the "SELLING STOCKHOLDERS") for their own accounts. It is anticipated that the Selling Stockholders will offer shares for sale at prevailing prices in the over-the-counter market on the date of sale. The Company will receive no part of the proceeds from sales made hereunder. The Selling Stockholders will bear all sales commissions and similar expenses. Any other expenses incurred by the Company in connection with the registration and offering and not borne by the Selling Stockholders will be borne by the Company. None of the shares offered pursuant to this Prospectus have been registered prior to the filing of the Registration Statement of which this Prospectus is a part. -------------------------------------- Each Selling Stockholder and any broker executing selling orders on behalf of a Selling Stockholder may be deemed to be an "underwriter" within the meaning of the Securities Act of 1933, as amended (the "SECURITIES ACT"), in which event commissions received by such broker may be deemed to be underwriting commissions under the Securities Act. The Common Stock is traded on the Nasdaq National Market (Nasdaq Symbol: OPVN). The Company's Common Stock was initially sold to the public at a price of $14.00 per share on May 7, 1996. THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. -------------------------------------- The date of this Prospectus is May 7, 1996 2 3 No person is authorized to give any information or to make any representations, other than those contained in this Prospectus, in connection with the offering described herein, and, if given or made, such information or representations must not be relied upon as having been authorized by the Company or any Selling Stockholder. This Prospectus does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities by any person in any jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale. Neither the delivery of this Prospectus nor any sale made hereunder shall under any circumstances create an implication that the information contained herein is correct as of any time subsequent to the date hereof. The Company hereby undertakes to provide without charge to each person to whom a copy of this Prospectus is delivered, upon written or oral request of any such person, a copy of any and all of the information that has been or may be incorporated by reference in this Prospectus, other than exhibits to such documents. Requests for such copies should be directed to Jay Jones, General Counsel, OpenVision Technologies, Inc., 7133 Koll Center Parkway, Pleasanton, California, 94566. The Company's telephone number at that location is (510) 426-6400. The Company is subject to the informational reporting requirements of the Securities Exchange Act of 1934 and in accordance therewith files reports, proxy statements and other information with the Securities and Exchange Commission (the "COMMISSION"). Such reports, proxy statements and other information can be inspected and copied at the Public Reference Room of the Commission, 450 Fifth Street, N.W., Washington, D.C. 20549 and at the Commission's regional offices at 500 West Madison Street, Suite 1400, Chicago, IL 60661 and Seven World Trade Center, 13th Floor, New York, NY 10048; and copies of such material can be obtained from the Public Reference Section of the Commission, Washington, D.C. 20549, at prescribed rates. The Company's Common Stock is traded on the Nasdaq National Market. The foregoing materials should also be available for inspection at the National Association of Securities Dealers, Inc., 1735 K. Street N.W., Washington, D.C. 20006. This prospectus contains information concerning the Company and the sale of its Common Stock by the Selling Stockholders, but does not contain all the information set forth in the Registration Statement which the Company has filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "SECURITIES ACT"). The Registration Statement, including various exhibits, may be inspected at the Commission's office in Washington, D.C. 3 4 THE COMPANY The Company was incorporated in June 1992 and has acquired a significant part of its technology through ten acquisitions of companies, division of companies or products, all of which were completed prior to July 31, 1993. The Company's headquarters are located at 7133 Koll Center Parkway, Pleasanton, California 94566, and its telephone number is (510) 426-6400. SELLING STOCKHOLDERS None of the Selling Stockholders is an executive officer or director of the Company. The Selling Stockholders do not beneficially own, individually or in the aggregate, more than 1% of the outstanding Common Stock of the Company prior to this offering. The following table shows the names of the Selling Stockholders and the number of shares of Common Stock to be sold by them pursuant to this Prospectus: NAME NO. OF SHARES - ------------------------------------------------------------------- ABBATE, ROBERT 625 ABBOTT, MARCIA L. 1,771 ACTON-ZINGALE, VALERIE 219 AKMAN, BENJAMIN 1,875 ALBERTOLLE, STEPHEN J. 2,708 ALDRIDGE, DEBORAH J. 1,326 ALDRIDGE, STEVEN B. 13,365 ALI, SALAHU S. 133 ANANTHAKRISHNAN, RAVI 125 ANASTASI, RICHARD J. 1,193 ANDERSEN, KARL E. 833 ANDERSON, ALAN K. 43,750 ANDERSON, CINDY A. 94 ARMSTRONG, DAVID F. 25,376 AYAT, IBRAHAM NAIM 885 BAER, GARRY R. 1,354 BARBER, PETER 146 BARNARD, TIMOTHY S. 656 BAYLOR, BARBARA 781 BEARDSLEY, JOAN C. 2,877 BECKER, JR., PAUL H. 417 BERNARDI, JOHN 1,354 BOCCANFUSO, ANTHONY J. 4,375 BOFFEY, JONATHAN 7,011 BOLT, THOMAS (RORY) 1,354 BRADFORD, CAMPBELL 750 BRADLEY, M. HELEN 25,000 4 5 NAME NO. OF SHARES - ------------------------------------------------------------------- BRAY, TALI 68 BRETON, BRIAN J. 2,271 BROWN, REBEL 4,167 BUCK, LAWRENCE H. 281 CAITO, JOHN P. 369 CARIGNAN, CLAUDE 599 CARUSO, DAVID T. 135 CASSIDY, RICHARD S. 4,855 CHADWICK, JOHN R. 1,224 CHEKURI, CHAKRADHAR 677 CHEW, SANDRA A. 229 CHRISTMAN, R. DAVID 313 CHU, JIA-BAO 167 COCHRAN, JERRY W. 990 COHN, AMY 938 COLMAN, STEVE 17,817 COOK, CHARLOTTE 625 COOKE, GEOFF R. 365 COUTURIER, RUSSELL 3,542 CRIBBIN, MARGARET 331 CROOKER, ASHLEY 1,140 CUTTER, MELISA A. 317 D'AMICO, LEONARD 677 DANIEL, NITZA 208 DAVIS, DONALD T. 500 DAWSON, EVA E. 78 DAWSON, TRICIA N. 83 DE ANGELIS, MARIO 599 DIAMOND, MARK P. 1,598 DOHERTY, GAIL S. 7,880 DOWNEY, JOHN M. 4,386 DUDLEY, DAVID G. 880 DUFFY, JAMES R. 133 DUNNE, PHILLIP W. 140 DWYER, VALERIE 219 ELLIOTT, ANNIE B. 99 EVANS, TONY 177 FANNON, MARK 1,406 FARLEY, BETTY 109 5 6 NAME NO. OF SHARES - ------------------------------------------------------------------- FELDMAN, GARY 1,354 FEY, KENNETH 2,125 FIELDS, MICHELLE 1,125 FISCHBEIN, MICHAEL S. 354 FOOTE, SCOTT D. 3,750 FOOTE, STEVEN D. 11,414 FULLERTON, STEPHEN D. 2,598 GARABED, JOSEPH T. 2,656 GARRITY, THOMAS J. 1,661 GEER, JR., DANIEL E. 43,999 GOLIN, ERIC 625 GOSSELS, JONATHAN G. 4,688 GRANGER, NATHALIE 229 GRECO, PIETRO 1,198 GRIER, JAMES R. 2,417 GRIMMOND, PETER 844 GRZANOWSKI, KATHLEEN A. 1,563 HALL, SALLY 1,579 HANAFEE, DAVID J. 625 HARRIS, THERESA 83 HILBRICH, ELLEN 5,469 HILTON, NANCY 25,683 HOBAN, RALEIGH ANN 870 HOROWITZ, MARC 4,833 ISHII, KENNETH 864 JACOBS, JEANNE C. 1,484 JASPAN, BARRY 5,037 JENNINGS, DONALD J. 559 JOHNSON, BRAD C. 938 JONES, PETER 25,000 JONES, TIMOTHY B. 13,417 KAMENS, JONATHAN I. 5,750 KASSEM, OMAR 94 KASSEM, OMAR 47 KENDALL, LESLIE R. 438 KOGAN, ILYA 281 KREYSAR, RICHARD D. 32,031 KROGUE, MARLO AND ANDREA JILL 1,320 LANUM, ASA 4,000 6 7 NAME NO. OF SHARES - ------------------------------------------------------------------- LAROCCA, LISA 63 LAWRENCE, BARRY 219 LAWTHERS, PETER 625 LEBOVITZ, GREGG 1,913 LECHNER, MIKEL C. 365 LEE, ALEXANDRA 313 LEMAY, PIERRE 599 LINN, JOHN 2,782 LIRA, JUAN 292 LITTELL, ROBERT W. 1,172 LOCKHART, ANDREW 2,479 LOCOCO, S. THOMAS 1,328 LONG, ANTOINETTE 94 LUBARR, JOSH 957 MAGOME, KAY 156 MAHONEY, TERENCE 1,250 MARCUS, EVAN L. 313 MARRA, JOHN B. 469 MARSHALL, DAVID 250 MARTINEZ, SABIANO B. 365 MARTYN, SONIA 303 MATTOS, STEVEN H. 1,563 MAZZARELLA, PAUL 677 MCCLAIN, FRED 7,312 MCCULLAR, STEVEN J. 292 MCDERMOTT, ELLEN M. 582 MENDELSON MORRIS, LESLIE 200 MEYERS, BETH J. 156 MILLER, GRETCHEN A. 1,630 MOGHTANEI, ABBAS 125 MOORE, LORRAINE A. 7,813 MUENKEL, BRIAN J. 880 MURPHY, III, PRESCOTT V. 407 NGUYEN, VY T. 188 NOBLE, KENNETH H. 818 NONNEMACHER, STEVEN F. 7,589 O'BRIEN, JANE S. 99 O'BRIEN, RENEE M. 89 O'MEARA, PATRICIA 68 7 8 NAME NO. OF SHARES - ------------------------------------------------------------------- PANSCH, DOUGLAS 3,500 PARKER, BRUCE D. 1,189 PHO, TIEN T. 248 PITONAK, NEAL P. 203 PONS, JACQUELINE D. 101 POULIN, MARCUS 250 PRICE, JEFFREY 174 PRIEVE, ROBERT J. 1,500 PURCELL, MICHAEL J. 308 QUIGGLE, AARON 1,064 QUIGGLE, PAUL 1,064 RAUEN, CHRISTOPHER A. 1,091 RICH, DOUGLAS J. 2,384 RICHARDSON, KYLE LUCERO 446 RIGGINS, M. CHRIS 1,112 RILEY, STEPHEN D. 94 RIOPEL, GREGORY J. 128 RIOPEL, ROBERT J. 48,438 RIVET, JEAN-FRANCOIS 599 ROCHLIS, JON A. 3,723 ROMAN, DENNIS M. 1,667 ROWLEY, ELIZABETH LEE 53 SANTOS, DAVID 599 SAUER, BARBARA E. 188 SCHALLOP, ALAN 11,875 SCHECKLA, WADE W. 234 SCHERM, III, ALBERT E. 4,792 SCHOBER, STEFAN M. 1,277 SCHWARTZMAN, MICHAEL 594 SCOTT, DAVID M. 885 SHANZER, MICHAEL S. 969 SHARP, LAWRENCE E. 17,188 SHORT, ANNMARIE R. 833 SIANO, ROSE 198 SIMONSON, LILY 1,064 SIMONSON, MARCIA 1,063 SIMONSON, SARAH 1,064 SKOLNICK, ALEC & EMILY 930 SKOLNICK, ELLEN 1,063 8 9 NAME NO. OF SHARES - ------------------------------------------------------------------- SKOLNICK, GIANCARLO 1,064 SKOLNICK, JOSHUA 1,064 SKOLNICK, MARK 9,516 SKUSE, RICHARD N. 3,500 SMITH, DAVE L. 938 SMITH, EARL 188 SPARACO, ANGELA 134 SPOON, JENNIFER 7,306 STEINER KLEIN, JENNIFER 406 STEVENS, CRAIG 36,380 STIEGER, FRANCOIS 25,000 STOCKMAN, CHERYL 1,948 STONER, TRACY L. 178 STRAUS, DAVID 15,625 SULLIVAN, SCOTT A. 885 SUTTER, LOUISE GUILLOTTE 404 SWEENEY, JEANNE 938 TAYCHAKHOONAVUDH, NEERHACHA 1,000 TAYLOR WINFIELD CORPORATION 10,000 THOMAS, JANU I. 1,792 TRAWICK, ANDRE 1,095 TRIMBLE, DARRYL P. 27,188 TRINER, BRUCE 1,250 TROJAN, RANDY L. 625 TURNER-BAKER, BETTY 89 VANHAREN, CHRIS 1,787 VITALE, VICTORIA 1,094 VOGEL, WILLIAM R. 1,979 VORUGANTI, KAMALAKAR 1,119 WALD, RANDY D. 1,979 WALDRON, DAVID L. 167 WALENTA, CHARLES 125 WILLIAMS, AILEANE J. 101 WOOD, JEREMY 2,552 WOOD, SLOAN D. 313 WOODWARD, MARY C. 1,563 YERKES, CHARLES J. 203 ZARROW, ROBERT 938 9 10 NAME NO. OF SHARES - ------------------------------------------------------------------- ZOLOT, KENNETH C. 47,650 TOTAL 784,977 PLAN OF DISTRIBUTION The Company has been advised by the Selling Stockholders that they intend to sell all or a portion of the shares offered hereby from time to time in the over-the-counter market and that sales will be made at prices prevailing in the public market at the times of such sales. The Selling Stockholders may also make private sales directly or through a broker or brokers, who may act as agent or as principal. Further, the Selling Stockholders may choose to dispose of the shares offered hereby by gift to a third party or as a donation to a charitable or other non-profit entity. In connection with any sales, the Selling Stockholders and any brokers participating in such sales may be deemed to be underwriters within the meaning of the Securities Act. Any broker-dealer participating in such transactions as agent may receive commissions from the Selling Stockholders (and, if such broker acts as agent for the purchaser of such shares, from such purchaser). Usual and customary brokerage fees will be paid by the Selling Stockholders. Broker-dealers may agree with the Selling Stockholders to sell a specified number of shares at a stipulated price per share, and, to the extent such a broker-dealer is unable to do so acting as agent for the Selling Stockholders, to purchase as principal any unsold shares at the price required to fulfill the broker-dealer commitment to the Selling Stockholders. Broker-dealers who acquire shares as principal may thereafter resell such shares from time to time in transactions (which may involve crosses and block transactions and which may involve sales to and through other broker-dealers, including transactions of the nature described above) in the over-the-counter market, in negotiated transactions or otherwise at market prices prevailing at the time of sale or at negotiated prices, and in connection with such resales may pay to or receive from the purchasers of such shares commissions computed as described above. The Company has advised the Selling Stockholders that the anti-manipulative Rules 10b-6 and 10b-7 under the Exchange Act may apply to sales in the market and has informed them of the possible need for delivery of copies of this Prospectus. The Selling Stockholders may indemnify any broker-dealer that participates in transactions involving the sale of the shares against certain liabilities, including liabilities arising under the Securities Act. Any commissions paid or any discounts or concessions allowed to any such broker-dealers, and, if any such broker-dealers purchase shares as principal, any profits received on the resale of such shares, may be deemed to be underwriting discounts and commissions under the Securities Act. Upon the Company's being notified by the Selling Stockholders that any material arrangement has been entered into with a broker-dealer for the sale of shares through a cross or block trade, a supplemental prospectus will be filed under Rule 424(c) under the Securities Act, setting forth the name of the participating broker-dealer(s), the number of shares involved, the price at which such shares were sold by the Selling Stockholders, the commissions paid or discounts or concessions allowed by the Selling Stockholders to such broker-dealer(s), and where applicable, that such broker-dealer(s) did not conduct any investigation to verify the information set out in this Prospectus. Any securities covered by this Prospectus which qualify for sale pursuant to Rule 144 under the Securities Act may be sold under that Rule rather than pursuant to this Prospectus. 10 11 There can be no assurance that the Selling Stockholders will sell any or all of the shares of Common Stock offered hereunder. SECURITIES TO BE OFFERED The Shares offered hereby are shares of Common Stock, $.001 par value, of the Company. Each share of such Common Stock entitles the holder to one vote on matters submitted to a vote of the stockholders, a pro rata share of such dividends as may be declared on the Common Stock and a pro rata share of assets remaining available for distribution to stockholders upon a liquidation of the Company. Such Common Stock is not convertible and has no preemptive rights. While the Board of Directors has authority, within certain limitations, to issue shares of Preferred Stock which would have one or more preferences over the Common Stock, no Preferred Stock is currently outstanding and the Company has no present plans to issue any Preferred Stock. INDEMNIFICATION OF DIRECTORS AND OFFICERS Pursuant to Section 102(b)(7) of the Delaware General Corporation Law (the "DGCL"), Article IX of the Company's Restated Certificate of Incorporation (the "Restated Certificate of Incorporation") eliminates the liability of the Company's directors to the Company or its stockholders, except for liabilities related to breach of duty of loyalty, actions not in good faith and certain other liabilities. Section 145 of the DGCL provides for indemnification by the Company of its directors and officers. In addition, Article VI of the Company's Bylaws requires the Company to indemnify any current or former director or officer to the fullest extent permitted by the DGCL. In addition, the Company has entered into indemnity agreements with its directors and executive officers that obligate the Company to indemnify such directors and executive officers to the fullest extent permitted by the DGCL. The Company also maintains officers' and directors' liability insurance, which insures against liabilities that officers and directors of the Company may incur in such capacities. Pursuant to that certain Underwriting Agreement among the Company and the underwriters of the Company's initial public offering dated May 6, 1996, the Company's officers and directors and other persons who control the Company are indemnified against any and all losses, claims, damages or liabilities to which such persons may become subject under the Securities Act of 1933, as amended (the "SECURITIES ACT"), or otherwise that arise out of any untrue statement or omission of a material fact contained in the registration statement for such initial public offering if such statement or omission was made in reliance upon and in conformity with information provided to the Company in writing by any underwriter of the Company's initial public offering. INFORMATION INCORPORATED BY REFERENCE There are hereby incorporated by reference in this Prospectus the following documents and information heretofore filed with the Securities and Exchange Commission: (1) The Company's Registration Statement on Form S-1 (file no. 333-1724) under the Securities Act, in the form declared effective on May 6, 1996, including the Prospectus dated May 7, 1996 as filed by the Company pursuant to Rule 424(b) on May 7, 1996. 11 12 (2) The description of the Company's Common Stock contained in the Company's Registration Statement on Form 8-A filed April 26, 1996 pursuant to Section 12(g) of the Exchange Act and declared effective May 6, 1996. All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities registered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents. 12 13 REGISTRATION STATEMENT ON FORM S-8/S-3 PART II INFORMATION REQUIRED IN REGISTRATION STATEMENT ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE. The following documents and information previously filed with the Securities and Exchange Commission by OpenVision Technologies, Inc. (the "COMPANY") are hereby incorporated by reference in this Registration Statement: (1) The Company's Registration Statement on Form S-1 (file no. 333-1724) under the Securities Act of 1933, as amended (the "SECURITIES ACT"), in the form declared effective on May 6, 1996 including the Prospectus dated May 7, 1996 as filed by the Company pursuant to Rule 424(b) on May 7, 1996. (2) The description of the Company's Common Stock contained in the Company's Registration Statement on Form 8-A filed April 26, 1996 pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the "EXCHANGE ACT") and declared effective May 6, 1996. All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities registered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents. ITEM 4. DESCRIPTION OF SECURITIES. Not applicable. ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL. Counsel for the Company, Wilson, Sonsini, Goodrich & Rosati, Professional Corporation, 650 Page Mill Road, Palo Alto, California 94304, has rendered an opinion to the effect that the Common Stock offered hereby, when offered and sold in accordance with the related plans and agreements, will be duly and validly issued, fully paid and nonassessable. A member of Wilson Sonsini Goodrich & Rosati, Professional Corporation, beneficially owns 5,000 shares of the Company's Common Stock. ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS. Pursuant to Section 102(b)(7) of the Delaware General Corporation Law (the "DGCL"), Article X of the Company's Restated Certificate of Incorporation (the "Restated Certificate of Incorporation") eliminates the liability of the Company's directors to the Company or its stockholders, except for liabilities related to breach of duty of loyalty, actions not in good faith and certain other liabilities. 14 Section 145 of the DGCL provides for indemnification by the Company of its directors and officers. In addition, Article VI of the Company's Bylaws requires the Company to indemnify any current or former director or officer to the fullest extent permitted by the DGCL. In addition, the Company has entered into indemnity agreements with its directors and executive officers that obligate the Company to indemnify such directors and executive officers to the fullest extent permitted by the DGCL. The Company also maintains officers' and directors' liability insurance, which insures against liabilities that officers and directors of the Company may incur in such capacities. Pursuant to that certain Underwriting Agreement among the Company and the underwriters of the Company's initial public offering dated May 6, 1996, the Company's officers and directors and other persons who control the Company are indemnified against any and all losses, claims, damages or liabilities to which such persons may become subject under the Securities Act, or otherwise that arise out of any untrue statement or omission of a material fact contained in the registration statement for such initial public offering if such statement or omission was made in reliance upon and in conformity with information provided to the Company in writing by any underwriter of the Company's initial public offering. ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED. The issuance of the shares being offered by the Form S-3 resale prospectus were deemed exempt from registration under the Securities Act in reliance upon Rule 701 promulgated under the Securities Act. ITEM 8. EXHIBITS. EXHIBIT NUMBER DESCRIPTION ------- ----------------------------------------------------------------------------------- 4.1* 1996 Employee Stock Purchase Plan with form of Subscription Agreement. 4.2* 1996 Director Option Plan with forms of agreements used thereunder. 4.3* 1992 Stock Option Plan with forms of agreements used thereunder. 5.1 Opinion of counsel as to legality of original issuance securities being registered. 23.1 Consent of counsel (contained in Exhibit 5.1). 23.2 Consent of Ernst & Young LLP (see page II-7). 24.1 Power of Attorney (see page II-5). - --------------------- * Incorporated by reference to the Registrant's Registration Statement on Form S-1 (File No. 333-1724), as amended, declared effective on May 6, 1996. II-2 15 ITEM 9. UNDERTAKINGS. (a) The undersigned registrant hereby undertakes: (1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement. (2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. (b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. (c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. II-3 16 SIGNATURES Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8/S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Alameda, State of California, on this 6th day of May, 1996. OPENVISION TECHNOLOGIES, INC. By: /s/ Michael S. Fields ----------------------------- Michael S. Fields Chairman of the Board POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Michael S. Fields, Geoffrey W. Squire and Jay A. Jones, and each of them acting individ ually, as his attorney-in-fact, each with full power of substitution, for him in any and all capacities, to sign any and all amendments to this Registration Statement on Form S-8/S-3, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorney-in-fact, or his substitutes, may do or cause to be done by virtue hereof. II-4 17 Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed on the 6th day of May, 1996 by the following persons in the capacities indicated: SIGNATURE TITLE - -------------------------------------------- ----------------------------------------------------- /s/ Michael S. Fields Chairman of the Board - -------------------------------------------- (Michael S. Fields) /s/ Geoffrey W. Squire Chief Executive Officer (Principal Executive - -------------------------------------------- (Geoffrey W. Squire) Officer) /s/ Kenneth E. Lonchar Chief Financial Officer (Principal Financial Officer - -------------------------------------------- (Kenneth E. Lonchar) and Principal Accounting Officer) /s/ Thomas J. Connors Director - -------------------------------------------- (Thomas J. Connors) /s/ Stewart K.P. Gross Director - -------------------------------------------- (Stewart K.P. Gross) /s/ William H. Janeway Director - -------------------------------------------- (William H. Janeway) Director - -------------------------------------------- (Jeanne Wohlers) II-5 18 EXHIBIT 23.2 CONSENT OF ERNTS & YOUNG LLP, INDEPENDENT AUDITORS We consent to the incorporation by reference in the Registration Statement (Form S-8/S-3) and related Prospectus pertaining to the 1996 Employee Stock Purchase Plan, 1996 Director Option Plan and 1992 Stock Plan of OpenVision Technologies, Inc. of our report dated February 23, 1996 with respect to the consolidated financial statements and schedule of OpenVision Technologies, Inc. incorporated by reference in its Registration Statement (Form S-1 No. 333-1724) filed with the Securities and Exchange Commission. ERNST & YOUNG LLP San Jose, California May 7, 1996 II-6 19 OPENVISION TECHNOLOGIES, INC. REGISTRATION STATEMENT ON FORM S-8/S-3 INDEX TO EXHIBITS Sequentially Exhibit Numbered Number Description Page ------- ----------------------------------------------------------------------- ------------ 4.1* 1996 Employee Stock Purchase Plan with form of Subscription Agreement.............................................................. 4.2* 1996 Director Option Plan with forms of agreements used thereunder............................................................. 4.3* 1992 Stock Plan with forms of agreements used thereunder............... 5.1 Opinion of counsel as to legality of original isuance securities being registered....................................................... 23.1 Consent of counsel (contained in Exhibit 5.1) ......................... 23.2 Consent of Ernst & Young LLP (see page II-7)........................... 24.1 Power of Attorney (see page II-5) ..................................... - --------------------- * Incorporated by reference to the Registrant's Registration Statement on Form S-1 (File No. 333-1724), as amended, declared effective on May 6, 1996.