<PAGE>   1
================================================================================

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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



                                   FORM 10-Q


(Mark One)
             [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                 For the quarterly period ended March 31, 1997

                                       or

             [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

            For the transition period from __________ to __________

                         COMMISSION FILE NUMBER 0-18708


                                MICROGRAFX, INC.
             (Exact name of registrant as specified in its charter)


                TEXAS                                        75-1952080
     (State or other jurisdiction of                       (IRS Employer
     incorporation or organization)                      Identification No.)


                 1303 E. ARAPAHO ROAD, RICHARDSON, TEXAS 75081
              (Address of principal executive offices) (Zip Code)

                                 (972) 234-1769
              (Registrant's telephone number, including area code)


     Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities 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    .
                                              ---   --- 

     As of April 30, 1997, 10,232,029 shares of the Company's common stock were
outstanding.
================================================================================

<PAGE>   2


                                MICROGRAFX, INC.

                                   FORM 10-Q

                      FOR THE QUARTER ENDED MARCH 31, 1997

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                       PAGE
                                                                                       ----
                                    PART I.
<S>               <C>                                                                  <C>
Item 1.           Financial Statements
                                                                               
                  Condensed Consolidated Balance Sheets as of                          3
                  March 31, 1997 and June 30, 1996                             
                                                                               
                  Consolidated Statements of Operations for the three                  4
                  and nine months ended March 31, 1997 and 1996                
                                                                               
                  Condensed Consolidated Statements of Cash Flows for                  5
                  the nine months ended March 31, 1997 and 1996                
                                                                               
                  Notes to Condensed Consolidated Financial Statements                 6
                                                                               
Item 2.           Management's Discussion and Analysis of Financial                    8
                  Condition and Results of Operations                          
                                                                               
                                    PART II.                                   
                                                                               
Item 1.           Legal Proceedings                                                   12
                                                                               
Item 6.           Exhibits and Reports on Form 8-K                                    12
                                                                               
                  SIGNATURES                                                          13

</TABLE>


                                       2
<PAGE>   3




                                MICROGRAFX, INC.
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (In thousands)

<TABLE>
<CAPTION>
                                                                      MARCH 31,       JUNE 30, 
                                                                        1997            1996   
                                                                      ---------      --------- 
                                                                     (Unaudited)               
                                    ASSETS
<S>                                                                    <C>           <C>       
Current assets:                                                                                
     Cash and cash equivalents                                         $10,988       $13,790   
     Short-term investments                                              4,553         4,844   
     Accounts receivable, less allowances of $4,417 and $3,092          12,024         9,417   
     Inventories                                                         1,298         1,284   
     Deferred tax asset                                                  1,922           497   
     Other current assets                                                1,881         1,709   
                                                                                               
                                                                       -------       -------   
         Total current assets                                           32,666        31,541   
                                                                                               
Property and equipment, net                                              2,747         3,150   
                                                                                               
Capitalized software development costs                                                         
     and acquired product  rights, net                                   6,360         5,282   
                                                                                               
Other assets                                                               116           125   
                                                                                               
                                                                       -------       -------   
         Total assets                                                  $41,889       $40,098   
                                                                       =======       =======   
                                                                                               
                     LIABILITIES AND SHAREHOLDERS' EQUITY
                                                                                               
Current liabilities:                                                                           
     Accounts payable                                                  $ 6,714       $ 4,230   
     Other accrued liabilities                                           7,333         6,079   
                                                                                               
                                                                       -------       -------   
         Total current liabilities                                      14,047        10,309   
                                                                                               
Deferred income taxes and other liabilities                                659           684   
                                                                                               
Shareholders' equity                                                    27,183        29,105   
                                                                                               
                                                                       -------       -------   
         Total liabilities and shareholders' equity                    $41,889       $40,098   
                                                                       =======       =======   
</TABLE>


See accompanying notes


                                       3
<PAGE>   4





                                MICROGRAFX, INC.
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (Unaudited)
                     (In thousands, except per share data)


<TABLE>
<CAPTION>
                                    THREE MONTHS ENDED MARCH 31,       NINE MONTHS ENDED MARCH 31,
                                    ----------------------------       ---------------------------
                                      1997                1996            1997            1996
                                    --------           ---------       ----------      -----------
<S>                                 <C>                <C>              <C>            <C>
Net revenues                        $ 17,124           $ 18,355         $ 49,827       $ 56,175  
Cost of revenues                       5,134              4,637           15,076         13,470  
                                    --------           --------         --------       --------  
     Gross profit                     11,990             13,718           34,751         42,705  
                                                                                                 
Operating expenses:                                                                              
   Sales and marketing                 8,333              8,745           25,041         27,082  
   General and administrative          1,707              2,401            6,166          6,739  
   Research and development            1,737              2,027            5,170          5,831  
   Restructuring charge                   --                 --            1,964             --  
                                    --------           --------         --------       --------  
        Total operating expenses      11,777             13,173           38,341         39,652  
                                                                                                 
                                    --------           --------         --------       --------  
Income (loss) from operations            213                545           (3,590)         3,053  
                                                                                                 
Non operating expense (income)            30               (151)            (137)           106  
                                                                                                 
                                    --------           --------         --------       --------  
Income (loss) before income taxes        183                696           (3,453)         2,947  
                                                                                                 
Income taxes                              62                209           (1,174)           884  
                                                                                                 
                                    --------           --------         --------       --------  
Net income (loss)                   $    121           $    487         $ (2,279)      $  2,063  
                                    ========           ========         ========       ========  
                                                                                                 
Income (loss) per share             $   0.01           $   0.05         $  (0.22)      $   0.21  
                                    ========           ========         ========       ========  
                                                                                                 
Shares used in computing                                                                         
income (loss) per share               10,235             10,177           10,232         10,032  
                                    ========           ========         ========       ========  
</TABLE>

See accompanying notes


                                       4

<PAGE>   5




                                MICROGRAFX, INC.
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (Unaudited)
                                 (In thousands)

<TABLE>
<CAPTION>
                                                         NINE MONTHS ENDED MARCH 31,
                                                         ---------------------------
                                                            1997              1996
                                                         ---------          --------
<S>                                                       <C>               <C>     
Net cash flows provided by operating activities           $  3,795          $  5,796

Cash flows from investing activities:
     Proceeds from maturities of short-term investments      7,710             4,914
     Purchases of short-term investments                    (7,419)           (5,516)
     Capitalization of software development costs and
         purchases of acquired product rights               (5,921)           (4,597)
     Purchases of property and equipment                    (1,335)           (1,155)
                                                          --------          --------
              Net cash used in investing activities         (6,965)           (6,354)

Cash flows from financing activities:
     Proceeds from employee stock programs                     398             1,892
     Issuance of related party notes payable                    --               906
     Treasury stock acquired                                   (52)             (969)
     Other                                                      --               295
                                                          --------          --------
              Net cash provided by financing activities        346             2,124

Effect of exchange rates on cash and cash equivalents           22              (469)
                                                          --------          --------

Net (decrease) increase in cash and cash equivalents        (2,802)            1,097
Cash and cash equivalents, beginning of period              13,790            11,329
                                                          --------          --------
Cash and cash equivalents, end of period                  $ 10,988          $ 12,426
                                                          ========          ========
</TABLE>


See accompanying notes.

                                       5

<PAGE>   6



                                MICROGRAFX, INC.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


BUSINESS COMBINATION

On April 2, 1996, Micrografx, Inc. and subsidiaries ("Micrografx" or "the
Company") acquired all of the issued and outstanding capital stock and options
of Visual Software, Inc., a California corporation ("Visual"). The acquisition
has been accounted for as a pooling of interests. Accordingly, the accompanying
consolidated financial statements have been restated to retroactively include
the accounts and operations of Visual for all periods presented.


BASIS OF PRESENTATION

The accompanying condensed consolidated financial statements of Micrografx at
March 31, 1997 and for the three and nine-month periods ended March 31, 1997
and 1996 are unaudited but reflect all adjustments which are of a normal
recurring nature and, in the opinion of management, necessary for a fair
presentation of the financial position and results of operations for the
periods presented. The accompanying financial statements and notes thereto
should be read in conjunction with the Company's audited financial statements
for the year ended June 30, 1996, included in the 1996 Annual Report to
Shareholders. The results of operations for the periods ended March 31, 1997
are not necessarily indicative of results to be expected for the year ending
June 30, 1997.


RESTRUCTURING CHARGE

Effective December 31, 1996, J. Paul Grayson resigned as Chairman of the Board
and Chief Executive Officer of the Company. An evaluation of the Company's
organization and operations resulted in the decision to make certain
organization changes. These changes resulted in a charge of $1.8 million for
the termination of seven members of management. The Company also recorded a
$0.2 million charge related to the termination of commitments made by the
previous management for which no future benefit will be received. Approximately
$1.2 million of this charge remains classified as an accrued liability as of
March 31, 1997.

INVENTORIES

Inventories consist of the following (in thousands):


<TABLE>
<CAPTION>
                              March 31, 1997     June 30, 1996
                              --------------     -------------
<S>                           <C>                 <C>   
Raw materials                    $  825             $  849
Finished goods                      473                435
                                 ------             ------
                                 $1,298             $1,284
                                 ======             ======
</TABLE>



                                       6

<PAGE>   7



                                MICROGRAFX, INC.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


COMMITMENTS AND CONTINGENCIES

FORWARD CONTRACTS
The Company periodically enters into foreign exchange contracts to hedge
against certain exposure to changes in foreign currency exchange rates. This
exposure results from the Company's foreign operations in countries including
Germany, France, the United Kingdom, The Netherlands, and Japan that are
denominated in currencies other than the U.S. dollar. As of March 31, 1997, the
Company had foreign exchange forward contracts outstanding to sell 20 million
Yen for $0.2 million expiring April 3, 1997 and to sell 45 million Yen for
$0.4 million expiring May 2, 1997. The difference between the carrying amount
and current market settlement value of the forward contracts was not
significant.


INCOME PER SHARE

Income per share (in thousands) for all periods presented is based on the
weighted average common and dilutive equivalent shares outstanding using the
treasury stock method.

<TABLE>
<CAPTION>
                                            Three Months Ended       Nine months Ended
                                                March 31,                 March 31,
                                            ------------------       -----------------
                                             1997       1996          1997       1996
                                            ------    --------       ------    -------
<S>                                         <C>        <C>           <C>        <C>  
Weighted average common stock
     outstanding during the period          10,235     9,771         10,232     9,702
Common stock equivalents of employee
     stock programs                             --       406             --       330
                                            ------    ------         ------    ------
Shares used in primary income per
     share calculation                      10,235    10,177         10,232    10,032
                                            ======    ======         ======    ======
</TABLE>

Fully diluted income per share was not materially different from primary income
per share for all periods presented.



                                       7
<PAGE>   8



                                MICROGRAFX, INC.

          MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
                           AND RESULTS OF OPERATIONS

OVERVIEW

Micrografx,  Inc. ("Micrografx" or the "Company") was founded in 1982 and
incorporated in 1984 in the state of Texas.  Micrografx is the global leader in
enterprise graphics and personal creativity software and is the acknowledged 
pioneer of Windows business and consumer graphics software.

On April 2, 1996, the Company acquired all of the issued and outstanding
capital stock and options of Visual Software, Inc., a California corporation
("Visual"). The acquisition has been accounted for as a pooling of interests.
Accordingly, the accompanying tables and discussion have been restated to
retroactively include the accounts and operations of Visual for all periods
presented.

RESULTS OF OPERATIONS
The following table sets forth, for the periods indicated, the percentage
relationship to net revenues of certain items in the Company's Consolidated
Statements of Operations. Historical results and percentage relationships are
not necessarily indicative of operating results for any future period.


<TABLE>
<CAPTION>
                                    Three Months Ended   Nine Months Ended
                                         March 31,           March 31,
                                    ------------------   ------------------
                                     1997        1996     1997        1996
                                    -------    -------   ------      ------
<S>                                 <C>          <C>       <C>       <C> 
Net revenues                         100%        100%      100%       100%
Cost of revenues                      30%         25%       30%        24%
                                    ----        ----      ----       ----
Gross profit                          70%         75%       70%        76%

Operating expenses:
   Sales and marketing                49%         48%       50%        48%
   General and administrative         10%         13%       12%        12%
   Research and development           10%         11%       11%        10%
   Restructuring charge               --          --         4%        --
                                    ----        ----      ----       ----
Total operating expenses              69%         72%       77%        70%

Income (loss) from operations          1%          3%       (7%)        6%

Non operating (income) expense        --          (1%)      --         --

Income (loss) before income taxes      1%          4%       (7%)        6%

Income taxes                          --           1%       (2%)        2%

Net income (loss)                      1%          3%       (5%)        4%
</TABLE>



                                       8

<PAGE>   9



Revenues by customer category for the three and nine month periods ended March
31, 1997 and 1996 are shown below (in thousands). The Business Graphics
category includes Micrografx FlowCharter(R), Micrografx Graphics Suite(TM),
Webtricity(TM), Simply 3D(TM), Picture Publisher(R), Small Business Graphics
and Print Studio(R), Micrografx Designer(TM), Designer Power Pack, ABC
ToolKit(TM), ABC SnapGraphics(TM), PhotoMagic(R), Instant 3D(TM) and Visual
Reality(R). The Personal Creativity category includes American Greetings(R)
CreataCard(R) Plus(TM), American Greetings(R) CreataCard(R) Gold(TM),
Crayola(TM) Amazing Art Adventure(TM), Crayola(TM) Art Studio(TM),
Crayola(TM)Art Studio(TM)2, Crayola(TM)Art(TM), and Hallmark Connections(TM)
Card Studio(TM). Revenues from Windows Draw(R) are categorized as either
Business Graphics or Personal Creativity depending on the Company's assessment
of the market or channel into which the product is sold.

<TABLE>
<CAPTION>
                             Three Months Ended March 31,                 Nine Months Ended March 31,
                       ----------------------------------------       ------------------------------------
                          1997         %         1996        %          1997       %         1996       %
                       -----------    ---      ---------    ---       --------    ---      --------    ---
<S>                    <C>             <C>     <C>           <C>      <C>          <C>     <C>          <C>
Business Graphics      $    12,574     73%     $  13,513     74%      $ 35,169     71%     $ 43,395     77%
Personal Creativity          4,550     27%         4,842     26%        14,658     29%       12,780     23%
                       -----------    ---      ---------    ---       --------    ---      --------     -- 
Total                  $    17,124    100%     $  18,355    100%      $ 49,827    100%     $ 56,175    100%
                       ===========    ===      =========    ===       ========    ===      ========    ===
</TABLE>

The seven percent decline in business revenues resulted as sales of products
released in the third fiscal quarter did not offset the loss of sales for
products on which the Company no longer focuses. Two factors accounted for this
loss of sales: first, due to the rapid change in technology related to personal
computers and software, the majority of sales for a version of a software
product occur within the first year of its release; second, during the first
quarter of this year, the Company decided to shift the release of its business
software to fiscal Q3 after the close of the Christmas season. While the
Company did release new or upgraded versions of FlowCharter, Graphics Suite,
Webtricity, and Simply 3D, mostly during the latter part of the third quarter
of fiscal 1997, the delay in introducing these products meant that older titles
such as Designer Power Pack, Instant 3D, and Visual Reality had lost their
prior year sales momentum. During the quarter, revenues from the Micrografx
Graphics Suite and the standalone versions of Micrografx FlowCharter combined
represented more than half of the Company's business products revenues.

The six percent revenue decline in the Company's consumer products in the third
fiscal quarter was despite positive reaction to the introduction of American
Greetings CreataCard Gold, an expanded version of the Company's established
CreataCard Plus product. Revenues from the Company's CreataCard products
declined slightly compared to prior year sales of the Company's Hallmark
product due to lower prices and increased competition from Microsoft's Hallmark
Greetings Workshop. The Company had no revenues related to its former Hallmark
product due to the cessation of shipments of the Hallmark product on September
30, 1996 compared to revenues of $3.0 million in the third quarter of the prior
year. The overall decline in Personal Creativity also reflects reduced sales of
products licensed under the Crayola brand name. The Company's agreement for
marketing those products expired on March 31, 1997 and revenues representing
the final sales of the products were $1.0 million during the quarter compared
to $1.2 million in the prior year quarter. For the third quarter, the
CreataCard products represented more than half of the Company's consumer
product revenues.

Revenues by geographical region for the three and nine months ended March 31,
1997 and 1996 were as follows:

<TABLE>
<CAPTION>
                     Three Months Ended March 31,                   Nine Months Ended March 31,
                   --------------------------------------     ------------------------------------
                      1997       %         1996       %         1997        %        1996       %
                   ---------    ---     ---------    ----     ---------    ---    ---------    ---
<S>                    <C>       <C>        <C>       <C>      <C>          <C>      <C>        <C>
    Americas           9,324     54%        9,718     53%      $ 26,143     52%      28,009     50%
    Europe             5,422     32%        6,337     34%        16,222     33%      20,010     36%
    Pacific Rim        2,378     14%        2,300     13%         7,462     15%       8,156     14%
                   ---------    ---     ---------    ---       --------    ---    ---------    --- 
    Total          $  17,124    100%    $  18,355    100%      $ 49,827    100%   $  56,175    100%
                   =========    ===     =========    ===       ========    ===    =========    === 
</TABLE>



                                       9
<PAGE>   10





The seventeen percent decline in European revenues for the third quarter of
fiscal 1997 resulted from the product release schedules. As previously
discussed, the Company released new or upgraded English versions of its
products during the latter part of the third quarter. Of the five products
released during the third quarter, only one had localized versions available
during the quarter. While two of the products are not currently being
localized, the Company has or will introduce localized versions of the
remaining two products during the fourth quarter.

Cost of revenues for the three months ended March 31, 1997 was $5.1 million, or
30% of net revenues, compared to $4.6 million, or 25% of net revenues, for the
three months ended March 31, 1996. The increase in cost of revenues for the
three months ended March 31, 1997 is attributable to lower selling prices on
the Company's greeting card software products, increased amortization of
acquired product rights, and increased external royalties. Also contributing to
the rise in cost of revenues as a percent of revenues was an unfavorable shift
in product mix to boxed products which contain typical content (packaging,
manuals, CD's or floppy disks) from OEM and license revenues which require
substantially less content. The Company's objective is to return the product
mix to a more historically normal relationship between boxed and OEM and
license products.

The Company's operating results are affected by foreign exchange rates. Had the
exchange rates in effect during the second quarter of the prior year been in
effect during the second quarter of 1997, revenues would have been $0.7 million
higher. This decrease resulted from the change in exchange rates of European
currencies and the Japanese Yen versus the U.S. Dollar. Since European
manufacturing costs and European and Japanese operating expenses are also
incurred in those local currencies, the relative translation impact of exchange
rates on net income is less than on revenues.

Sales and marketing expenses for the three months ended March 31, 1997 were
$8.3 million, or 49% of revenues, compared to $8.7 million, or 48% of revenues
for the same period in the previous year. The decrease in sales and marketing
expense reflects the efficiencies gained by eliminating duplicate costs
subsequent to the acquisition of Visual, the recent reduction in executive
overhead and management layers, and cost control measures.

General and administrative expenses decreased twenty-nine percent to $1.7
million for the quarter, compared to $2.4 million for the third quarter of last
year. This decline also reflects the efficiencies gained by eliminating
duplicate costs subsequent to the acquisition of Visual, the recent reduction
in executive overhead and management layers, and cost control measures.

Net research and development expenses for the three months ended March 31, 1997
were $1.7 million, compared to $2.0 million for the quarter ended March 31,
1996. Gross research and development expenses, before capitalization, for the
three months ended March 31, 1997 declined to $2.7 million versus $3.0 million
in the prior year. Research and development expenses capitalized in each period
approximated amortization of the previously capitalized expenses.

For the three months ended March 31, 1997, non-operating expenses resulting
from foreign exchange losses approximately offset interest income. For the
prior year quarter, non-operating income of $0.2 million resulted as interest
income exceeded foreign exchange losses.

For the nine months ended March 31, 1997, net revenues of $49.8 million
decreased eleven percent compared with $56.2 million for the nine months ended
March 31, 1996. This decrease was across all geographies and is a result of the
timing of the product life cycle, as previously discussed, partially offset by
50% growth in revenues from the Company's greeting card products.



                                      10

<PAGE>   11


Operating profit for the first three quarters of fiscal 1997 declined due to
the drop in revenue, the degradation of gross margins, and a second quarter
$2.0 million restructuring charge which was almost entirely related to
severance for certain members of the senior management team in the U.S. and
abroad. These factors were partially offset by efficiencies gained in all areas
resulting from the Visual acquisition, reducing executive overhead and
management layers, and cost control measures.

LIQUIDITY AND CAPITAL RESOURCES

At March 31, 1997, the Company's principal sources of liquidity consisted of 
cash and cash equivalents of $11.0 million and short-term investments of $4.6
million.

For the nine months ended March 31, 1997, cash used by investing activities
exceeded cash provided by operating and financing activities, resulting in a
decrease of $2.8 million in cash and cash equivalents. Operating activities
provided $3.8 million in cash during the nine months ended March 31, 1997,
consisting of depreciation and amortization of $6.6 million and an increase in
accounts payable and accrued liabilities of $3.7 million, partially offset by a
net loss of $2.3 million and increases in accounts receivable of $2.6 million
and deferred tax asset of $1.4 million. During the first three quarters of
fiscal 1997, the accounts receivable allowance increased $1.3 million resulting
from the overall increase in receivables.

Investing activities used $7.0 million in cash during the nine months ended
March 31, 1997 primarily due to capitalized software development costs and
purchases of acquired product rights of $5.9 million and capital expenditures
of $1.3 million. Financing activities provided $0.3 million in cash during the
nine months ended March 31, 1997, consisting primarily of proceeds from
employee stock programs. As discussed in the footnotes to the financial
statements, $1.2 million of the $2.0 million restructuring charge remains on
the balance sheet as an accrued liability. The Company expects to pay this
amount during the fourth quarter.

The Company expects that cash flow from operations and existing cash and
short-term investments will be sufficient to meet the Company's capital
requirements in the short term.

ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED

In February 1997, the FASB issued SFAS 128, 'Earnings per Share,' which will
become effective December 15, 1997. Early adoption of the standard is not
permitted. The pro-forma Basic Earnings per Share calculated pursuant to SFAS
128 for the three and nine-month periods ended March 31, 1997, would be the
same as reported Earnings per Share, and the pro-forma Diluted Earnings per
Share calculated pursuant to SFAS 128 would not be materially lower than
reported Earnings per Share.

FORWARD-LOOKING STATEMENTS

The Company notes that, with the exception of historical information, the
matters discussed above are forward-looking statements that involve risks and
uncertainties. Additional information on the factors that could affect the
Company's financial results is included in the Company's 1996 Annual Report to
Shareholders and other filings with the Securities and Exchange Commission. The
Company's actual results may differ materially from the results discussed in
these forward-looking statements. Factors that could cause or contribute to
such differences include, without limitation, changes in the market, new
products and announcements from other companies, changes in technology, and
competition from larger, more established competitors.



                                      11
<PAGE>   12



                                MICROGRAFX, INC.

                           PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

The Company is subject to certain legal proceedings and claims which arise in
the ordinary course of business. In the opinion of management, the resolution
of these legal proceedings and claims will not have a material effect on the
Company's consolidated financial position and results of operations.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)   Exhibits
      
      10.1  Settlement agreement between J. Paul Grayson and the Company.

      10.2  Severance agreement between Herman DeLatte and the Company.

      27    The Financial Data Schedule required by Item 601(b)(27) of 
            Regulation S-K has been included with the electronic filing 
            of this Form 10-Q.

(b)   Filings on Form 8-K

      None.


                                      12
<PAGE>   13




                                   SIGNATURES


Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                           MICROGRAFX, INC.



Date:    May 15, 1997                      By  /s/ Larry G. Morris
                                              ----------------------------------
                                              Larry G. Morris
                                              Chief Financial Officer
                                              and Treasurer





                                      13


<PAGE>   14


                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
Exhibit
Number                                      Description
-------             ------------------------------------------------------------
<S>                 <C>
  10.1              Settlement agreement between J. Paul Grayson and the Company

  10.2              Severance agreement between Herman DeLatte and the Company

  27                Financial Data Schedule
</TABLE>