<PAGE>
 
________________________________________________________________________________

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                                  FORM 10-K/A

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

                    FOR THE FISCAL YEAR ENDED JUNE 30, 1996

                                      OR

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

                        COMMISSION FILE NUMBER 0-26170

                       EAGLE POINT SOFTWARE CORPORATION
            (Exact name of registrant as specified in its charter)


                  DELAWARE                                 42-1204819
(State or other jurisdiction of incorporation   (I.R.S. employer identification 
               or organization)                               number)           
  

         4131 WESTMARK DRIVE, DUBUQUE, IOWA 52002-2627, (319) 556-8392
         (Address of principal executive offices, including zip code)


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

          SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:

                    COMMON STOCK, PAR VALUE $.01 PER SHARE
                               (Title of Class)

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

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].

The aggregate market value of the voting stock held by non-affiliates of the
registrant as of September 19, 1996 was $11,810,280.  This calculation does not
reflect a determination that persons are affiliates for any other purposes.

Number of shares of common stock outstanding as of September 19, 1996:
4,941,730.

Documents Incorporated by Reference:
Part III - Portions of the registrant's definitive proxy statement to be issued
in conjunction with registrant's annual stockholders' meeting to be held on
December 5, 1996 (the "Proxy Statement").

________________________________________________________________________________
<PAGE>
 
                                  SIGNATURES

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

Date:  October 2, 1996               EAGLE POINT SOFTWARE CORPORATION


                                        /s/  Rodney L. Blum
                                        ------------------------------
                                        Rodney L. Blum
                                        Chairman of the Board, President and
                                        Chief Executive Officer



     Pursuant to the requirements of the Securities Exchange Act of 1934, this
Registration Statement has been signed by the following persons in the
capacities indicated on this 2nd day of October, 1996.


     Name                            Capacity
     ----                            --------

/s/ Rodney L. Blum                   Chairman of the Board,
-----------------------              President, Chief Executive Officer and
Rodney L. Blum                       Director (principal executive officer)


/s/ Dennis J. George                 Vice President, Chief
-----------------------              Financial Officer, Secretary, Treasurer
Dennis J. George                     and Director (principal financial and
                                     accounting officer)


/s/ John F. Biver                    Vice President and Director
-----------------------              
John F. Biver


/s/ James Hickey                     Director
-----------------------                      
James Hickey


/s/ Thomas Miller                    Director
-----------------------                      
Thomas Miller

                                     -43-