<PAGE> 1
SCHEDULE 13D
(RULE 13d-101)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(a) and
Amendments Thereto Filed Pursuant to Rule 13d-2(a)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
DATAWATCH CORPORATION
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
--------------------------------------------------------------------------------
(Title of Class of Securities)
23791710-9
--------------------------------------------------------------------------------
(CUSIP Number)
CHARLES E. H. LUEDDE, ESQ.
10 SOUTH BROADWAY, SUITE 2000, ST. LOUIS, MISSOURI 63102 (314)241-9090
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
DECEMBER 28, 2000
--------------------------------------------------------------------------------
(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(e), 13d-1(f) or 13d-1(g), check the
following box / /.
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule
13d-7(b) 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.
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).
<PAGE> 2
CUSIP NO. 2379110-9 13D PAGE 2 OF 4 PAGES
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
RAYMOND J. HUGER
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
00
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
521,300
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY EACH -----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
521,300
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
-0-
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
521,300
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
--------------------------------------------------------------------------------
<PAGE> 3
--------------------------------------------------------------------------------
CUSIP No. 23791710-9 13D Page 3 of 4 Pages
--------------------------------------------------------------------------------
ITEM 1. Security and Issuer.
Common Stock, $0.01 par value
Datawatch Corporation
Suite 503
175 Cabot Street
Lowell, Massachusetts 01851
ITEM 2. Identity and Background.
(a) Raymond J. Huger
(b) 600 Green Valley Road
Suite 304
Greensboro, NC 27408-7722
(c) Mr. Huger is the owner of Math Strategies (a sole proprietorship) which
is engaged in the development of computer software. Math Strategies is
responsible for the development of the Monarch(R) software line which
is licensed to and distributed by Datawatch Corporation and which
represents a significant portion of the revenues of Datawatch
Corporation.
(d) Not applicable.
(e) Not applicable.
(f) Mr. Huger is a citizen of the United States of America.
ITEM 3. Source and Amount of Funds and Other Consideration.
Funds for the purchase of shares of Datawatch Corporation have come from the
personal funds of Raymond J. Huger, which funds include royalty payments
received in respect of the Monarch(R) software line marketed and distributed by
Datawatch Corporation.
ITEM 4. Purpose of the Transaction.
The holdings and purchases of shares of the stock of Datawatch Corporation by
Mr. Huger represent an investment made in recognition of the mutual significance
of Math Strategies and its Monarch(R) software to Datawatch and of the marketing
and distribution efforts of Datawatch (and resulting royalty payments) to Math
Strategies. Mr. Huger may acquire additional shares of the stock of Datawatch
from time to time in the future or may elect to dispose of shares currently
held, depending upon market conditions and other factors.
Mr. Huger may at some future point consider seeking representation on the Board
of Directors of Datawatch Corporation and even in the absence of such
representation may seek to discuss with management of Datawatch Corporation
strategic business plans relating to the Monarch(R) product line and the
business of Datawatch.
Except as may develop as a result of discussions with the management of
Datawatch Corporation as contemplated by the preceding paragraph, the
acquisition of shares does not have as its purpose:
(i) the bringing about of any future extraordinary transactions;
(ii) the sale or transfer of a material amount of the assets of
the Issuer or any of its subsidiaries;
(iii) any change in the present board of directors or management
of the Issuer;
3
<PAGE> 4
--------------------------------------------------------------------------------
CUSIP No. 23791710-9 13D Page 4 of 4 Pages
--------------------------------------------------------------------------------
(iv) any material change in the capitalization or dividend policy
of the Issuer;
(v) other material changes in the Issuer's business or corporate
structure;
(vi) changes in the Issuer's charter or by-laws; or
(vii) causing the Common Stock of the Issuer to be delisted from
NASDAQ or to become eligible for termination of registration
under Section 12(g)(4) of the Securities Exchange Act of
1934.
ITEM 5. Interest in Securities of the Issuer.
(a) Raymond J. Huger 521,300 shares* 5.6%**
(b) Mr. Huger has sole power to vote and dispose of the shares
listed in (a) above.
(c) The following table represents a list of purchases of shares of the
stock of Datawatch Corporation made by Mr. Huger within the past 60 days:
<TABLE>
<CAPTION>
date number of shares price per share
<S> <C> <C> <C>
December 27, 2000 4,300 $0.375
December 28, 2000 3,400 $0.375
December 28, 2000 5,000 $0.375
December 28, 2000 6,600 $0.375
December 29, 2000 12,000 $0.375
December 29, 2000 20,000 $0.375
December 29, 2000 8,500 $0.375
December 29, 2000 1,500 $0.34375
total 61,300
</TABLE>
(d) Not applicable.
(e) Not applicable.
ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
None.
ITEM 7. Material to be Filed as Exhibits.
None.
After reasonable inquiry, and to the best of the undersigned's
knowledge and belief, the undersigned certify that the information set forth in
this statement is true, complete and correct.
/s/ Raymond J. Huger
----------------------------
Raymond J. Huger
Date: January 5, 2001
4
