<PAGE>
----------------------------
OMB APPROVAL
----------------------------
OMB Number: 3235-0145
Expires: October 31, 1997
Estimated average burden
hours per response....14.90
----------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.______
Spacetec IMC Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
846281-10-3
--------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [X]. A fee
not required only if the filing person:
(1) has a previous statement on file reporting beneficial ownership of more than
five percent of the class of securities described in Item 1: and (2) has filed
no amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7).
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
- -------------------------- ---------------------
CUSIP NO. 846281-10-3 13G PAGE 2 OF 5 PAGES
-------------- --- ---
- -------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Spatial Systems Ltd.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4 State of New South Wales, Australia
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF
1,132,164
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,132,164
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8 0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,132,164
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
15.64%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
ITEM 1(A). NAME OF ISSUER:
Spacetec IMC Corporation is the issuer of the shares held by the reporting
entity.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Spacetec IMC Corporation has its principal executive offices at The Boott
Mill, 100 Foot of John Street, Lowell, Massachusetts, 01852-9126.
ITEM 2(A). NAME OF PERSON FILING:
Spatial Systems Ltd. is the entity filing this Schedule.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Spatial Systems Ltd. has its principal business office at Level 8, 139
Macquarie Street, Sydney, NSW, Australia 2000.
ITEM 2(C). PLACE OF ORGANIZATION:
Spatial Systems Ltd. is organized in the State of New South Wales,
Australia.
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(D). CUSIP NUMBER:
846281-10-3
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(H),
CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM 4. OWNERSHIP:
(a) Amount beneficially owned: 1,132,164 shares
(b) Percent of class: 15.64%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,132,164 shares
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct
the disposition of: 1,132,164 shares
(iv) shared power to dispose or to direct
the disposition of: 0
<PAGE>
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
ITEM. 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
[The remainder of this page is intentionally left blank]
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
26.4.96
-----------------------------------------
(Date)
/s/ J. Grant Jagelman
-----------------------------------------
(Signature)
J. Grant Jagelman/Chief Executive Officer
-----------------------------------------
(Name/Title)
