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Ontrack Data International Inc – ‘10-K/A’ for 12/31/01

On: Friday, 4/26/02 · For: 12/31/01 · Accession #: 897101-2-314 · File #: 0-21375

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/26/02  Ontrack Data International Inc    10-K/A     12/31/01    1:27K                                    American Fin’l P… Inc/FA

Amendment to Annual Report — Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K/A      Ontrack Data International, Inc. Form 10-K/A          11     48K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Certain Relationships and Related Transactions Directors and Executive Officers of the Registrant Employment Agreements and Termination of Employment and Change-in-Control Arrangements Executive Compensation and Other Information Security Ownership of Certain Beneficial Owners and Management
1	1st Page - Filing Submission
2	Item 10. Directors and Executive Officers of the Registrant
5	Item 11. Executive Compensation and Other Information
7	Employment Agreements and Termination of Employment and Change-in-Control Arrangements
9	Item 12. Security Ownership of Certain Beneficial Owners and Management
10	Item 13. Certain Relationships and Related Transactions

10-K/A 1st Page of 11 TOC ↑Top Previous Next ↓Bottom Just 1st
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K/A

AMENDMENT NO. 1 TO THE

|X| ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2001

|_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM _____________ TO ______________

COMMISSION FILE NO. 0-21375

ONTRACK DATA INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in its Charter)

MINNESOTA 41-1521650
------------------------------- ------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)

9023 COLUMBINE ROAD
EDEN PRAIRIE, MN 55347
----------------------
(Address of principal executive offices and zip code)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (952) 937-1107

REGISTRANT'S INTERNET ADDRESS: www.ontrack.com
---------------
(CONTENTS OF THE REGISTRANT'S INTERNET SITE ARE NOT INCORPORATED BY REFERENCE
INTO THIS ANNUAL REPORT ON FORM 10-K)

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE EXCHANGE ACT: NONE

SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE EXCHANGE ACT:
COMMON STOCK, $.01 PAR VALUE

Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

As of April 22, 2002, assuming as market value the price of $12.14 per share,
the closing sale price on the Nasdaq National Market, the aggregate market value
of shares held by nonaffiliates was approximately $71,524,825.

As of April 22, 2002, Ontrack had outstanding 10,505,550 shares of Common Stock,
$.01 par value.

10-K/A 2nd Page of 11 TOC 1st Previous Next ↓Bottom Just 2nd
EXPLANATORY NOTE

This Annual Report on Form 10-K/A constitutes Amendment No. 1 to the
Registrant's Annual report on Form 10-K for the fiscal year ended December 31,
2001. This Annual Report on Form 10-K/A is being filed solely to amend and
restate Items 10 through 13 of the Registrant's Annual Report on Form 10-K for
the fiscal year ended December 31, 2001, which was previously filed with the
Commission.

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.

DIRECTORS

The following table sets forth certain information concerning the
members of the Board of Directors of Ontrack:

Name and Age Principal Occupation Director Since
------------ -------------------- --------------

John E. Pence(55) Retired President of Ontrack. 1985

Robert M. White, Ph.D.(63) University Professor and Director of 1994
Data Storage Systems Center,
Carnegie Mellon University.

Roger D. Shober(63) Retired Executive. 1995

Michael W. Rogers(46) Chairman and Former 1985
Chief Executive Officer
of Ontrack.

Gary S. Stevens(45) Former Senior Vice President and Chief 1985
Information and Technology Officer of
Ontrack.

BUSINESS EXPERIENCE OF DIRECTORS

JOHN E. PENCE served as President of Ontrack from 1985 until 1998 and
has served as a Director of Ontrack since 1985. From 1971 to 1985, he was
employed by Control Data Corporation ("CDC"), now known as Ceridian Corporation,
where he served as Department Head for the Program Management Office for CDC's
mini-micro peripheral development (1984 to 1985), managed the Technical Support
organization for worldwide support of CDC's plug compatible peripheral business
(1981 to 1984) and served in various other capacities related to software
development and computer programming (1971 to 1981).

ROBERT M. WHITE, PH.D. is a University Professor and served as the Head
of the Department of Electrical and Computer Engineering at Carnegie Mellon
University ("CMU") from 1993 to 1999 when he became Director of the Data Storage
Systems Center at CMU. He has served as a Director of Ontrack since 1994. He
previously served as Vice President and Chief Technical Officer of CDC, and in
1990 was appointed by President George Bush and served as the first Under
Secretary of Commerce for Technology until 1993. He is also a director of ENSCO,
Inc., a contract research firm, STMicroelectronics, a manufacturer of
semiconductors, and Read-Rite Corporation, a manufacturer of magnetic recording
heads. He is a member of the National Academy of Engineering.

10-K/A 3rd Page of 11 TOC 1st Previous Next ↓Bottom Just 3rd
ROGER D. SHOBER served as interim President and Chief Operating Officer
of Ontrack from September 1998 until February 1999. He has served as a Director
of Ontrack since 1995. He is a retired executive with 38 years of management
experience within the computer industry. Most recently, he served as Executive
Vice President of World Wide Operations at Control Data Systems, a spin-off of
CDC, from 1991 to 1994, as President and Chief Operating Officer of Rigidyne,
Inc., a hard disk drive research and development company that was subsequently
acquired by Seagate, from 1988 to 1990, and as Executive Vice-President of Micom
Systems, Inc., a manufacturer of data communications equipment, from 1986 to
1988.

MICHAEL W. ROGERS served as Chief Executive Officer of Ontrack from
1986 to June 2001. Additionally, he has served as a Director of Ontrack since
1985 and as Chairman since 1989. Mr. Rogers also served as Chief Financial
Officer from 1989 to May 1996. From 1980 to 1985, Mr. Rogers was employed by
CDC, where he served as a Senior Developer of diagnostic software routines and
as a Senior Electrical Engineer and an Electrical Engineer for software and
hardware development. From 1978 to 1980, he was an Associate Engineer with
Westinghouse Bettis Atomic Power Laboratory, a subsidiary of Westinghouse
Electric Corporation.

GARY S. STEVENS served as Senior Vice President and Chief Information
and Technology Officer of Ontrack from February 2001 until June 2001 and as a
Director of Ontrack since 1985. He served as Ontrack's Senior Vice President,
Engineering from 1985 until February 2001. From 1979 to 1985, Mr. Stevens was a
designer and diagnostic programmer of disk subsystems for CDC.

EXECUTIVE OFFICERS

The following table sets forth certain information concerning the
executive officers of Ontrack:

Name Position Age
---- -------- ---

Ben F. Allen President and Chief Executive Officer 37

Thomas P. Skiba Vice President and Chief Financial 46
Officer

John M. Bujan Senior Vice President, Strategic 57
Planning and Corporate Development
and Secretary

BUSINESS EXPERIENCE OF EXECUTIVE OFFICERS

BEN F. ALLEN has served as President and Chief Executive Officer since
June 2001 and previously served as Chief Operating Officer from February 2001 to
June 2001. From March 1999 to February 2001, he served as the General Manager of
Ontrack's European operations in the United Kingdom and France. From February
1998 through February 1999, he served as Ontrack's Internet Marketing Manager.
From 1987 to 1998, he served in various management roles at Ceridian
Corporation, a Minneapolis-based information services company, most recently as
Vice President of Sales and Marketing for Washington Consulting Services and
Technologies, a former Ceridian subsidiary. In 1997, he served briefly as
Regional Manager at Hyperion Software.

10-K/A 4th Page of 11 TOC 1st Previous Next ↓Bottom Just 4th
THOMAS P. SKIBA has served as Vice President and Chief Financial
Officer of Ontrack since May 1996. From 1992 to April 1996, Mr. Skiba was Chief
Financial Officer of IVI Publishing, Inc.

JOHN M. BUJAN has served as Senior Vice President of Strategic Planning
& Corporate Development since June 2001 and as Secretary since March 1996. He
served as General Counsel to Ontrack from March 1996 to June 2001 and Vice
President from October 1999 to June 2001. From 1981 to March 1996, Mr. Bujan was
the principal of John M. Bujan, P.A., an Edina, Minnesota law firm concentrating
in business and commercial matters and computer software licensing.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Section 16(a) of the Exchange Act requires Ontrack's directors and
executive officers to file with the Securities and Exchange Commission reports
of ownership and changes in ownership of Ontrack's Common Stock, and Ontrack is
required to identify any of those persons who fail to file such reports on a
timely basis. To Ontrack's knowledge, all such persons filed in a timely manner
all such reports for 2001 except that the Form 3 of Mr. Allen, which was timely
filed, was later amended.

10-K/A 5th Page of 11 TOC 1st Previous Next ↓Bottom Just 5th
ITEM 11. EXECUTIVE COMPENSATION AND OTHER INFORMATION

SUMMARY OF CASH AND CERTAIN OTHER COMPENSATION. The following table
sets forth, for the years indicated, the compensation earned by the Chief
Executive Officer(s) and each of the other two most highly compensated executive
officers of Ontrack whose salary and bonus exceeded $100,000 for the year ended
December 31, 2001, as well as two former officers who would have been included
in the foregoing category had they been executive officers on December 31, 2001
(collectively, the "named executives"):

SUMMARY COMPENSATION TABLE

[Enlarge/Download Table]

LONG-TERM
COMPENSATION
ANNUAL ------------
COMPENSATION NO. OF SECURITIES ALL OTHER
NAME AND ----------------------- UNDERLYING COMPENSATION
PRINCIPAL POSITION YEAR SALARY($) BONUS($) OPTIONS(#) ($)(1)
------------------ ---- --------- -------- ---------- ------

Ben F. Allen(2)............ 2001 172,000 100,000(6) 125,000 2,600
President and
Chief Executive Officer

Michael W. Rogers(3)....... 2001 220,000 20,000(6) 30,000 2,600
Chairman and Former 2000 219,000 -0- -0- 3,400
Chief Executive Officer 1999 201,000 95,000 -0- 4,200

John M. Bujan.............. 2001 166,000 42,000(6) 50,000 2,600
Senior Vice President, 2000 165,000 15,000 30,000 3,400
Strategic Planning and 1999 142,000 72,000 20,000 3,700
Corporate Development
and Secretary

Thomas P. Skiba............ 2001 166,000 42,000(6) 80,000 2,600
Vice President and 2000 165,000 15,000 30,000 3,400
Chief Financial Officer 1999 143,000 63,000 15,000 3,700

Gary S. Stevens(4)......... 2001 211,000(5) -0- 20,000 -0-
Former Senior Vice 2000 214,000 -0- -0- 3,400
President and Chief 1999 212,000 16,000 -0- 4,200
Information and Technology
Officer

Lee B. Lewis(7)............ 2001 130,000(8) -0- -0- -0-
Former Vice President 2000 130,000 31,700 -0- 3,300
and General Manager 1999 133,000 32,000 100,000 -0-

-----------------------
(1) Amounts indicated represent contributions by Ontrack to its 401(k)
Profit Sharing Plan on behalf of the named individuals.
(2) Mr. Allen became the Chief Operating Officer of Ontrack in February
2001, and became the President and Chief Executive Officer of Ontrack
in June 2001.
(3) Mr. Rogers resigned as Chief Executive Officer of Ontrack in June 2001
and entered into an employment agreement with Ontrack providing for his
employment as Chairman of the Board.
(4) Mr. Stevens resigned as Senior Vice President and Chief Information and
Technology Officer in May 2001.
(5) Includes payments made pursuant to a separation agreement with Ontrack.
See "Employment Agreements and Termination of Employment and Change-in-
Control Arrangements" below.
(6) Represents a bonus earned in 2001, part of which was paid in 2002.

10-K/A 6th Page of 11 TOC 1st Previous Next ↓Bottom Just 6th
(7) Mr. Lewis resigned as Vice President and General Manager in February
2001.
(8) Includes payments under a separation agreement with Ontrack, pursuant
to which Mr. Lewis received semi-monthly installments of his annual
base salary through December 31, 2001.

The following table summarizes option grants in 2001 to each of the
named executives:

OPTION GRANTS IN 2001

[Enlarge/Download Table]

POTENTIAL REALIZABLE
VALUE AT ASSUMED
ANNUAL RATES OF
STOCK PRICE
PERCENT OF TOTAL APPRECIATION FOR
NUMBER OF SECURITIES OPTIONS GRANTED OPTION TERM($)(1)
UNDERLYING OPTIONS EMPLOYEES EXERCISE PRICE EXPIRATION --------------------
NAME GRANTED(#)(2) IN 2001(%) PER SHARE($) DATE 5% 10%
---- -------------------- --------------- -------------- ---------- -------- -------

Michael W. Rogers(3)....... 30,000 6.50 7.75 1/22/11 146,218 370,545
Ben F. Allen............... 75,000 16.25 6.66 1/2/11 314,133 796,074
25,000 5.42 5.65 6/27/11 88,831 225,116
25,000 5.42 5.92 10/22/11 93,076 235,874
John M. Bujan.............. 20,000 4.33 7.75 1/22/11 97,479 247,030
10,000 2.17 5.65 6/27/11 35,533 90,046
20,000 4.33 5.92 10/22/11 74,461 188,699
Thomas P. Skiba............ 20,000 4.33 7.75 1/22/11 97,479 247,030
10,000 2.17 5.65 6/27/11 35,533 90,046
50,000 10.83 5.92 10/22/11 186,153 471,748
Gary S. Stevens(4)......... 20,000 4.33 7.75 N/A N/A N/A
Lee B. Lewis (5)........... -0- 0.00 N/A N/A N/A N/A

-----------------------
(1) Potential realizable value is based on the assumption that the price
per share of Common Stock appreciates at the assumed annual rate of
stock appreciation for the option term. The actual value of these
option grants is dependent on future performance of the Common Stock
and overall stock market conditions. There is no assurance that the
values reflected in this table will be achieved.
(2) The options vest as follows: 25% on each of the first, second, third
and fourth anniversary of the grant date.
(3) Mr. Rogers resigned as Chief Executive Officer of Ontrack in June 2001.
See "Employment Agreements and Termination of Employment Arrangements."
(4) The options granted to Mr. Stevens in 2001 have all lapsed as a result
of Mr. Stevens' resignation as Senior Vice President and Chief
Information and Technology Officer in May 2001. See "Employment
Agreements and Termination of Employment and Change-in-Control
Arrangements."
(5) Mr. Lewis resigned as Vice President and General Manager in February
2001. See "Executive Compensation - Employment Agreements and
Termination of Employment and Change-in-Control Arrangements."

The following table summarizes the exercises of options by the named
executives in 2001 and the value of options held at December 31, 2001 by the
named executives:

AGGREGATED OPTION EXERCISES IN LAST FISCAL YEAR
AND YEAR-END OPTION VALUES

[Enlarge/Download Table]

NUMBER OF SECURITIES UNDERLYING VALUE OF UNEXERCISED
UNEXERCISED OPTIONS AT IN-THE-MONEY OPTIONS AT
DECEMBER 31, 2001(#) DECEMBER 31, 2001($)(1)
SHARES ACQUIRED VALUE --------------------------- ---------------------------
NAME ON EXERCISE(#) REALIZED($) EXERCISABLE UNEXERCISABLE EXERCISABLE UNEXERCISABLE
---- -------------- ----------- ----------- ------------- ----------- -------------

Ben F. Allen.............. -0- -0- 20,334 131,666 8,600 64,300
Michael W. Rogers(2)...... -0- -0- 88,750 41,250 -0- -0-
John M. Bujan............. 5,000 20,430 52,500 89,250 27,000 40,400
Thomas P. Skiba .......... 21,400 51,895 91,850 116,750 158,780 63,600
Gary S. Stevens(3)........ -0- -0- -0- -0- N/A N/A
Lee B. Lewis(4)........... -0- -0- 50,000 50,000 108,000 108,000

-----------------------

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(1) The amounts set forth represent the difference between the closing sale
price of $6.79 per share of Common Stock on December 31, 2001 and the
exercise price of the options, multiplied by the applicable number of
shares underlying the options.
(2) Mr. Rogers resigned as Chief Executive Officer of Ontrack in June 2001.
(3) All outstanding options held by Mr. Stevens lapsed as a result of Mr.
Stevens' resignation as Senior Vice President and Chief Information and
Technology Officer in May 2001.
(4) Mr. Lewis resigned as Vice President and General Manager in February
2001. Pursuant to the terms of the separation agreement between Ontrack
and Mr. Lewis, Mr. Lewis' options lapsed on March 31, 2002. See
"Executive Compensation - Employment Agreements and Termination of
Employment Agreements."

COMPENSATION OF DIRECTORS.

Directors who are not employees of Ontrack receive an annual retainer
of $20,000; $1,000 for each meeting of the Board of Directors attended in
person; $500 for each telephonic meeting of the Board of Directors; $500 for
each meeting of a committee of the Board of Directors; and reimbursement of
travel expenses. The chair of a Board committee receives an additional $200 per
committee meeting. Directors are also eligible to receive options under
Ontrack's 1996 Stock Incentive Plan. Each non-employee director who is elected
to the Board for the first time will automatically be granted a 10- year option
under the Plan to purchase 10,000 shares of stock at the fair market value of
Common Stock on the date of first election, with the option vesting in equal
installments over four years. If the non-employee director is re-elected by
shareholders after the fourth anniversary of the director's first election, the
director will receive an option to purchase an additional 10,000 shares on the
same terms. Directors who are officers of Ontrack do not receive any additional
compensation for serving on the Board of Directors. Mr. Rogers received
compensation for his services as the Chairman as described under "Employment
Agreements and Termination of Employment and Change-in-Control Arrangements"
below, and Mr. Stevens agreed to waive all compensation (other than
reimbursement of travel expenses) incurred by him in connection with his
services as a director pursuant to the terms of a separation agreement entered
into in May 2001, the terms of which are also described under "Employment
Agreements and Termination of Employment and Change-in-Control Arrangements."

EMPLOYMENT AGREEMENTS AND TERMINATION OF EMPLOYMENT AND CHANGE-IN-CONTROL
ARRANGEMENTS

In June 2001, Michael W. Rogers resigned as Chief Executive Officer of
Ontrack and entered into an employment agreement with Ontrack regarding his
continued employment as an employee and Chairman of the Board. In February 2002,
Mr. Rogers resigned as an employee and continued as a non-employee, non-officer
Chairman of the Board. As provided by Mr. Rogers' employment agreement entered
into in June 2001, he will receive his prior base salary of $220,000 for two
years and reimbursement of the cost of health and life insurance premiums
previously paid by Ontrack. All unvested stock options held by Mr. Rogers became
vested and all stock options will remain exercisable for the longer of three
years or the remaining term of the option. Mr. Rogers also reaffirmed his
non-compete obligations and confidentiality obligations following his
resignation.

In February 2001, Ontrack entered into a letter agreement with Ben F.
Allen regarding his employment as Ontrack's Chief Operating Officer at an annual
base salary of $175,000. In June 2001, Ontrack entered into a letter agreement
with Mr. Allen regarding his employment as Ontrack's President and Chief
Executive Officer at the same base salary. In June 2001, Ontrack also entered
into letter agreements with each of Messrs. Bujan and Skiba, which amended the
letter agreements entered into by Mr. Messrs. Bujan and Skiba upon the
commencement of their employment in 1996. As amended, the letter agreements with
Messrs. Bujan and Skiba provide for severance payments equal to one year of base
salary upon termination for reasons other than disability or gross misconduct.
The letter agreements with Messrs. Allen, Bujan, and Skiba additionally provide
for severance payments equal to 12, 18 and 18 months of base salary,
respectively, if, within 18 months of a change of control:

10-K/A 8th Page of 11 TOC 1st Previous Next ↓Bottom Just 8th
o their employment is terminated;

o their duties are diminished or they are assigned duties inconsistent
with their prior status at Ontrack; or

o their annual compensation is reduced.

Upon a change of control, all options held by Messrs. Allen, Bujan and
Skiba become fully vested. However, if Messrs. Allen, Bujan and Skiba breach
their fiduciary duties, engage in gross misconduct or breach their
confidentiality or non-compete obligations to Ontrack, they are not entitled to
any payments otherwise payable as a result of a change of control as set forth
above. Each of Messrs. Allen, Bujan and Skiba is also bound by a confidentiality
and non-compete covenant following the termination of his employment with
Ontrack.

Ontrack entered into a separation agreement and release with Mr.
Stevens in connection with Mr. Stevens' resignation as Senior Vice President and
Chief Information and Technology Officer in May 2001. The agreement provides for
severance payments totaling approximately $317,000, payable in semi-monthly
installments through November 2002. Mr. Stevens is also bound by a
confidentiality and non-compete covenant following the termination of his
employment with Ontrack. Following his resignation as an executive officer and
employee, Mr. Stevens remained on the Board of Directors of Ontrack and agreed
to waive all compensation (other than reimbursement of travel expenses) due him
for his services as a non-employee director of Ontrack.

Ontrack entered into a separation agreement with Lee Lewis in February
2001 in connection with Mr. Lewis' resignation as Vice President and General
Manager. The agreement provided that Mr. Lewis would act as a consultant to
Ontrack and receive severance payments totaling approximately $114,000 through
December 31, 2001. The agreement further provided that, prior to March 31, 2002,
Mr. Lewis could exercise any stock options that were vested pursuant to the
terms of the agreement under which they were granted.

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

The members of the Compensation Committee for fiscal year 2001 were
Roger D. Shober, John E. Pence and Robert M. White, Ph.D.

Roger D. Shober was a member of the Compensation Committee through
September 21, 1998. On that date, Mr. Shober was appointed as interim President
and Chief Operating Officer of Ontrack, positions in which he served until
February 11, 1999. In April 1999, following his service as an officer, Mr.
Shober was appointed to be a member of the Compensation Committee.

On September 21, 1998, John E. Pence became a member of the
Compensation Committee. Mr. Pence was a founder of Ontrack and served as its
President until September 18, 1998. Mr. Pence was an employee of Ontrack through
December 31, 1998.

10-K/A 9th Page of 11 TOC 1st Previous Next ↓Bottom Just 9th
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information regarding beneficial
ownership of Ontrack's Common Stock as of April 22, 2002, by (a) each person
known to Ontrack to beneficially own more than five percent (5%) of Common
Stock, (b) each director of Ontrack, (c) each named executive, and (d) all
directors and executive officers of Ontrack as a group. Except as otherwise
indicated below, to the knowledge of Ontrack, all shareholders have sole voting
and investment power over the shares beneficially owned, except to the extent
authority is shared by spouses under applicable law.

NAME AND ADDRESS OF NUMBER OF SHARES PERCENT
BENEFICIAL OWNER BENEFICIALLY OWNED(1) OF CLASS
---------------- --------------------- --------

Michael W. Rogers (2)........................ 1,697,300 16.0%
9023 Columbine Road
Eden Prairie, MN 55347

Gary S. Stevens (3).......................... 1,798,300 17.1%
18050 Langford Boulevard
Jordan, MN 55352

John E. Pence (4)............................ 1,302,291 12.3%
HCR 52
Box 102 - A6
Hot Springs, SD 57747

Fidelity Management & Research
Company (5).................................. 1,028,000 9.8%
82 Devonshire Street
Boston, MA 02109

Heartland Advisors, Inc. (5) and
William J. Nasgovitz (6)..................... 619,500 5.9%
789 North Water Street
Milwaukee, WI 53202

Dimensional Fund Advisors Inc. (5)........... 592,800 5.6%
1299 Ocean Avenue
Santa Monica, CA 90401

Ben F. Allen ................................ 44,785 *
John M. Bujan ............................... 79,394 *
Thomas P. Skiba ............................ 61,250 *
Roger D. Shober(7) .......................... 76,000 *
Robert M. White, Ph.D.(8) ................... 31,250 *
Lee B. Lewis................................. 5,398 *

All executive officers and directors as
a group (9 persons)....................... 5,095,968 46.4%

----------------------
* Less than 1%

(1) Includes the following number of shares which could be purchased under
stock options exercisable within 60 days of April 22, 2002: Mr. Rogers,
130,000 shares; Mr. Pence, 80,000 shares; Mr. Allen, 44,084 shares; Mr.
Bujan, 76,750 shares; Mr. Skiba, 61,250; shares; Mr. Shober, 70,000
shares; Dr. White, 20,000 shares; and all executive officers and
directors as a group, 482,084 shares.

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(2) Includes 621,430 shares of Common Stock owned by the Rogers Family
Limited Partnership, of which Mr. Rogers is the General Partner.
(3) Includes 29,946 shares of Common Stock owned by the Stevens Family
Limited Partnership, of which Mr. Stevens is the General Partner.
(4) Includes 214,146 shares of Common Stock owned by the Pence Family
Limited Partnership, of which Mr. Pence is the General Partner.
(5) Based on information contained in a Schedule 13G filed with the
Securities and Exchange Commission.
(6) Based on information contained in a Schedule 13G filed with the
Securities and Exchange Commission, such shares may be deemed
beneficially owned within the meaning of Rule 13d-3 of the Securities
Exchange Act by William J. Nasgovitz as a result of his position as an
officer and director of, and stock ownership of, the Heartland Group,
Inc.
(7) Includes 5,000 shares jointly owned with Mr. Shober's spouse.
(8) Includes 11,250 shares jointly owned with Dr. White's spouse.

-------------------------

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

None.

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SIGNATURES

Pursuant to the requirements of section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized on April 26, 2002.

ONTRACK DATA INTERNATIONAL, INC.

By /s/ Ben F. Allen
-------------------------------------
Ben F. Allen, President and
Chief Executive Officer

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘10-K/A’ Filing	Date	First	Last	Other Filings

Filed on:	4/26/02	11		PREM14A
	4/22/02	1	9
	3/31/02	7	8	10-Q
For Period End:	12/31/01	1	8	10-K405
	2/11/99	8
	12/31/98	8		10-K405
	9/21/98	8
	9/18/98	8
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Filing Submission 0000897101-02-000314 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Ontrack Data International Inc – ‘10-K/A’ for 12/31/01

On: Friday, 4/26/02 · For: 12/31/01 · Accession #: 897101-2-314 · File #: 0-21375

Previous ‘10-K’: ‘10-K’ on 4/2/01 for 12/31/00 · Latest ‘10-K’: This Filing

Amendment to Annual Report — Form 10-KFiling Table of Contents

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Dates Referenced Herein and Documents Incorporated by Reference

Amendment to Annual Report — Form 10-K
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