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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. *)
Systems & Computer Technology Corporation
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
871873105
(CUSIP Number)
Christopher J. Rupright, Esq.
Shartsis Friese & Ginsburg
One Maritime Plaza, 18th Floor
San Francisco, CA 94111
(415) 421-6500
- ---------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
February 2, 1995
Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box / /.
Check the following box if a fee is being paid with the statement /X/. (A
fee is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
* 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 disclosures provided in a prior cover page.<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 871873105 Page 2 of 11 Pages
The information required on 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).
SEC 1746 (12-91)
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<PAGE>
SCHEDULE 13D
CUSIP No. 871873105 Page 3 of 11 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Emerging Growth Management Co.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 619,000
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
619,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
619,000
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 871873105 Page 4 of 11 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Adit Partners, a California Limited Partnership
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*(a) /X/ (b)/ /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
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NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 93,500
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
93,500
- ---------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
93,500
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 871873105 Page 5 of 11 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Michael T. Jackson
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X / (b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF and PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 35,000
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 94,200
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 35,000
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
94,200
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
129,200
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%
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14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 871873105 Page 6 of 11 Pages
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1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Christopher F. Jackson
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/X / (b) / /
- ---------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,200
BENEFICIALLY --------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,200
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,200
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.01%
- ---------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 871873105 Page 7 of 11 Pages
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock (the "Stock") of Systems &
Computer Technology Corporation, a Delaware corporation ("SCTC"). The
principal executive office of SCTC is located at Great Valley Corporate
Center, 4 Country View Road, Malvern, PA 19355.
ITEM 2. IDENTITY AND BACKGROUND.
The persons filing this statement and the persons enumerated in Instruction
C of Schedule 13D and, where applicable, their respective places of
organization, general partners, directors, executive officers and controlling
persons, and the information regarding them, are as follows:
(a) Emerging Growth Management Co., a California corporation ("EGM");
Adit Partners, a California Limited Partnership ("ADIT"); Michael T. Jackson
("M. Jackson"); Thomas D. Henwood ("Henwood"); Paul H. Baastad ("Baastad");
Jacqueline M. Keyser ("Keyser"); and Christopher F. Jackson ("C. Jackson").
(b) The business address of all such persons is One Bush Street, Suite
1300, San Francisco, California 94104.
(c) EGM is an investment adviser to various managed accounts. EGM is
a general partner of ADIT. M. Jackson is a director and executive officer of
EGM and a general partner of ADIT. Henwood is a director and executive
officer of EGM. Baastad is a director and executive officer of EGM. Keyser
is a director and executive officer of EGM. C. Jackson is an employee of
EGM. ADIT is an investment partnership.
(d) During the last five years, none of such persons has been convicted
in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of such persons was a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) All such persons are citizens of the United States of America.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 871873105 Page 8 of 11 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source and amount of funds used in purchasing the Stock were as follows:
Purchaser Source of Funds Amount
EGM(1) Accounts Under Management $10,494,342.49
ADIT Working Capital $ 1,420,022.50
M. Jackson(2) Personal Funds and Accounts Under Management $ 568,745.25
C. Jackson Personal Funds $ 18,641.34
(1) Includes amounts invested in the Stock by ADIT.
(2) Includes accounts of M. Jackson's immediate family and M. Jackson's
revocable trust.
ITEM 4. PURPOSE OF TRANSACTION.
The sole purpose of the acquisitions of the Stock reported herein was and is
for investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The beneficial ownership of the Stock of the persons named in Item 2 of this
statement is as follows at the date hereof:
Aggregate
Beneficially
Owned Voting Power Dispositive Power
Name Number Percent Sole Shared Sole Shared
EGM 619,000 4.8% -0- 619,000 -0- 619,000
ADIT 93,500 0.7% -0- 93,500 -0- 93,500
M. Jackson 129,200 1.0% 35,000 94,200 35,000 94,200
C. Jackson 1,200 0.01% 1,200 -0- 1,200 -0-
The persons filing this statement effected the following transactions in the
Stock on the dates indicated, and such transactions are the only transactions
by the persons filing this statement in the Stock since December 4, 1994:
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 871873105 Page 9 of 11 Pages
Purchase Number Price Broker
Name or Sale Date of Shares Per Share Used
EGM P 12/13/94 10,000 19.62 Smith
EGM P 12/14/94 5,000 19.87 Smith
EGM P 12/19/94 20,000 19.87 HQ
EGM P 12/19/94 5,000 20.00 Smith
EGM P 12/20/94 10,000 20.12 HQ
EGM P 12/29/94 12,100 20.62 HQ
EGM P 12/30/94 4,900 20.87 HQ
EGM P 1/4/95 14,000 20.06 HQ
EGM P 1/18/95 22,500 19.87 Smith
EGM P 1/19/95 5,700 19.87 Mont
EGM P 1/23/95 1,200 19.12 HQ
EGM P 1/25/95 10,800 18.50 Smith
EGM P 1/30/95 4,600 17.25 Chicago
EGM P 2/1/95 71,200 17.09 Smith
EGM P 2/2/95 22,400 17.00 Smith
EGM P 2/6/95 3,800 16.62 Smith
M. Jackson P 2/6/95 11,000 16.62 Smith
EGM P 2/8/95 4,200 16.87 Smith
M. Jackson P 2/10/95 10,000 16.50 Smith
EGM P 2/17/95 1,100 18.25 Smith
Key to brokers used:
Chicago - The Chicago Corporation
HQ - Hambrecht & Quist
Mont - Montgomery Scott
Smith - Smith Barney Inc.
ITEM. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
EGM is a general partner of ADIT, pursuant to a limited partnership
agreement providing to EGM the authority, among other things, to invest the
funds of EGM in the Stock, to vote and dispose of those securities and to
file this statement on behalf of EGM. Pursuant to that limited partnership
agreement, the general partners of ADIT are entitled to fees based on
assets under management and special profit allocations based on realized
and unrealized gains and losses, if certain conditions are met. Pursuant
to investment management agreements, EGM is authorized, among other things,
to invest funds of its various investment advisory clients, and to vote and
dispose of those securities. Such investment management agreements may be
terminated by either party pursuant to the terms of such agreements, and
provide for fees payable to EGM based on assets under management and, in
certain cases, realized and unrealized gains and losses, if certain
conditions are met.
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 871873105 Page 10 of 11 Pages
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
A. Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G.
SIGNATURES
After reasonable inquiry and to the best of my knowledge, I certify
that the information set forth in this statement is true, complete and
correct.
DATED: March ___, 1995
Emerging Growth Management Co. Adit Partners, a California Limited
Partnership
By: _____________________________
Michael T. Jackson, Chairman By: Emerging Growth Management Co.
General Partner
_________________________________ By: ________________________
Michael T. Jackson Michael T. Jackson,
Chairman
_________________________________
Christopher F. Jackson
<PAGE>
<PAGE>
SCHEDULE 13D
CUSIP No. 871873105 Page 11 of 11 Pages
EXHIBIT A
AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G
The undersigned agree to file jointly with the Securities and Exchange
Commission (the "SEC") any and all statements on Schedule 13D or Schedule 13G
(and any amendments or supplements thereto) required under section 13(d) of
the Securities Exchange Act of 1934, as amended, in connection with purchases
by the undersigned of common stock of Systems & Computer Technology
Corporation, a Delaware corporation. For that purpose, the undersigned
hereby constitute and appoint Emerging Growth Management Co., a California
corporation, as their true and lawful agent and attorney-in-fact, with full
power and authority for and on behalf of the undersigned to prepare or cause
to be prepared, sign, file with the SEC and furnish to any other person all
certificates, instruments, agreements and documents necessary to comply with
section 13(d) and section 16(a) of the Securities Exchange Act of 1934, as
amended, in connection with said purchases, and to do and perform every act
necessary and proper to be done incident to the exercise of the foregoing
power, as fully as the undersigned might or could do if personally present.
DATED: March ___, 1995.
SIGNATURES
After reasonable inquiry and to the best of my knowledge, I certify that
the information set forth in this statement is true, complete and correct.
DATED: March ___, 1995
Emerging Growth Management Co. Adit Partners, a California Limited
Partnership
By: _____________________________
Michael T. Jackson, Chairman By: Emerging Growth Management Co.
General Partner
_________________________________ By: ________________________
Michael T. Jackson Michael T. Jackson,
Chairman
_________________________________
Christopher F. Jackson
C:\DMS\3237\010\0117957.WP
