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OMB APPROVAL
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OMB Number: 3235 0145
Expires: December 31, 1997
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._________ )*
Integrated Systems Consulting Group, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
00045813K1
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(CUSIP Number)
Check the following box if a fee is being paid with this statement |_|. (A fee
is 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).
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CUSIP No. 00045813K1 13G Page 2 of 4 pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David S. Lipson
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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5. SOLE VOTING POWER
2,993,932
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NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY -----------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 2,993,932
WITH -----------------------------------------------
8. SHARED DISPOSITIVE POWER
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,993,932
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.1%
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12. TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 4 pages
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Item 1.
(a) Name of Issuer: Integrated Systems Consulting Group, Inc.
(b) Address of Issuer's Principal Executive Offices:
575 East Swedesford Road
Suite 200
Wayne, Pennsylvania 19087
Item 2.
(a) Name of Person Filing: David S. Lipson
(b) Address of Principal Business Office:
Integrated Systems Consulting Group, Inc.
575 East Swedesford Road
Suite 200
Wayne, Pennsylvania 19087
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 00045813K1
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check
whether the person filing is a:
Not applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 2,993,932 shares of common stock
(b) Percent of Class: 38.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 2,993,932
(ii) shared power to vote or to direct the vote: none
(iii) sole power to dispose or to direct the disposition of: 2,993,932
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Page 4 of 4 pages
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(iv) shared power to dispose or to direct the disposition of: none
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More that 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
Not applicable.
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.
February 12, 1997
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Date
/s/ David S. Lipson
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Signature
David S. Lipson/
Chairman of the Board
Chief Executive Officer
President and Treasurer
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Name/Title
