SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
SYSTEM SOFTWARE ASSOCIATES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
871839106
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
* 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 1
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CUSIP No. 871839106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Investment Corporation
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22-2514825
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares ----------------------------------------------------
Beneficially Owned (6) Shared Voting Power 402,054
by Each Reporting ----------------------------------------------------
Person With (7) Sole Dispositive Power 0
----------------------------------------------------
(8) Shared Dispositive Power 402,054
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9) Aggregate Amount Beneficially Owned by Each Reporting Person 402,054
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 3.4%
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12) Type of Reporting Person (See Instructions) CO
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Page 2
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CUSIP No. 871839106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Paul Tudor Jones, II
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-----------------------------------------------------------------------
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization USA
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(5) Sole Voting Power 0
Number of Shares ----------------------------------------------------
Beneficially Owned (6) Shared Voting Power 443,720
by Each Reporting ----------------------------------------------------
Person With (7) Sole Dispositive Power 0
----------------------------------------------------
(8) Shared Dispositive Power 443,720
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9) Aggregate Amount Beneficially Owned by Each Reporting Person 443,720
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 3.7%
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12) Type of Reporting Person (See Instructions) IN
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Page 3
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CUSIP No. 871839106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Tudor BVI Global Fund Ltd. (formerly known as Tudor BVI
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Futures, Ltd.)
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization Cayman Islands
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(5) Sole Voting Power 0
Number of Shares ----------------------------------------------------
Beneficially Owned (6) Shared Voting Power 0
by Each Reporting ----------------------------------------------------
Person With (7) Sole Dispositive Power 0
----------------------------------------------------
(8) Shared Dispositive Power 0
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9) Aggregate Amount Beneficially Owned by Each Reporting Person 0
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 0.0%
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12) Type of Reporting Person (See Instructions) CO
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Page 4
<PAGE>
CUSIP No. 871839106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Tudor BVI Global Portfolio Ltd. (formerly known as The Upper
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Mill Capital Appreciation Fund Ltd.)
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization Cayman Islands
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(5) Sole Voting Power 0
Number of Shares ----------------------------------------------------
Beneficially Owned (6) Shared Voting Power 223,049
by Each Reporting ----------------------------------------------------
Person With (7) Sole Dispositive Power 0
----------------------------------------------------
(8) Shared Dispositive Power 223,049
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9) Aggregate Amount Beneficially Owned by Each Reporting Person 223,049
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 1.9%
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12) Type of Reporting Person (See Instructions) CO
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Page 5
<PAGE>
CUSIP No. 871839106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Tudor Proprietary Trading, L.L.C.
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13-3720063
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares ----------------------------------------------------
Beneficially Owned (6) Shared Voting Power 41,666
by Each Reporting ----------------------------------------------------
Person With (7) Sole Dispositive Power 0
----------------------------------------------------
(8) Shared Dispositive Power 41,666
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9) Aggregate Amount Beneficially Owned by Each Reporting Person 41,666
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 0.3%
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12) Type of Reporting Person (See Instructions) OO
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Page 6
<PAGE>
CUSIP No. 871839106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Altar Rock Fund L.P.
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06-1558414
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization Delaware
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(5) Sole Voting Power 0
Number of Shares ----------------------------------------------------
Beneficially Owned (6) Shared Voting Power 550
by Each Reporting ----------------------------------------------------
Person With (7) Sole Dispositive Power 0
----------------------------------------------------
(8) Shared Dispositive Power 550
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9) Aggregate Amount Beneficially Owned by Each Reporting Person 550
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 0.0%
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12) Type of Reporting Person (See Instructions) PN
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Page 7
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CUSIP No. 871839106
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1) Names of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Raptor Global Portfolio Ltd.
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98-0211544
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b) X
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3) SEC Use Only
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4) Citizenship or Place of Organization Cayman Islands
----------------------------------
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(5) Sole Voting Power 0
Number of Shares ----------------------------------------------------
Beneficially Owned (6) Shared Voting Power 178,455
by Each Reporting ----------------------------------------------------
Person With (7) Sole Dispositive Power 0
----------------------------------------------------
(8) Shared Dispositive Power 178,455
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9) Aggregate Amount Beneficially Owned by Each Reporting Person 178,455
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11) Percent of Class Represented by Amount in Row 9 1.5%
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12) Type of Reporting Person (See Instructions) CO
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Page 8
<PAGE>
Item 1(a). Name of Issuer:
System Software Associates, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
500 W. Madison Street
32nd Floor
Chicago, Illinois 60661
Item 2(a). Name of Person Filing:
Tudor Investment Corporation ("TIC")
Paul Tudor Jones, II
The Tudor BVI Fund Ltd. ("Tudor BVI") (formerly known as Tudor
BVI Futures, Ltd.)
The Tudor BVI Global Portfolio Ltd. ("BVI Portfolio")
(formerly known as The Upper Mill Capital Appreciation Fund Ltd.)
Tudor Proprietary Trading, L.L.C. ("TPT")
The Altar Rock Fund L.P. ("Altar Rock")
The Raptor Global Portfolio Ltd. ("Raptor Portfolio")
Item 2(b). Address of Principal Business Office or, if none, Residence:
The principal business office of each of TIC, TPT and Altar Rock
is:
600 Steamboat Road
Greenwich, CT 06830
The principal business office of Mr. Jones is:
c/o Tudor Investment Corporation
600 Steamboat Road
Greenwich, CT 06830
The principal business office of each of Tudor BVI, Raptor
Portfolio and BVI Portfolio is:
c/o CITCO
Kaya Flamboyan 9
Curacao, Netherlands Antilles
Item 2(c). Citizenship:
TIC is a Delaware corporation
Mr. Jones is a citizen of the United States
Altar Rock is a Delaware limited partnership
TPT is a Delaware limited liability company
Tudor BVI, Raptor Portfolio and BVI Portfolio are companies
organized under the laws of the Cayman Islands
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
871839106
Page 9
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employment Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
ss.240.13d-1(b)(1)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
Item 4. Ownership (As of April 5, 2000).
(a) Amount Beneficially Owned: See Item 9 of cover pages
(b) Percent of Class: See Item 11 of cover pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
See Item 5 of cover pages
---------------------------------------------------
(ii) shared power to vote or to direct the vote
See Item 6 of cover pages
---------------------------------------------------
(iii) sole power to dispose or to direct the disposition of
See Item 7 of cover pages
---------------------------------------------------
(iv) shared power to dispose or to direct the disposition of
See Item 8 of cover pages
---------------------------------------------------
The shares of Common Stock reported herein as beneficially owned
are owned directly by TPT (41,666 shares), Altar Rock (550 shares),
Raptor Portfolio (178,455 shares) and BVI Portfolio (223,049 shares).
Because TIC is the sole general partner of Altar Rock and provides
investment advisory services to Raptor Portfolio and BVI Portfolio, TIC
may be deemed to beneficially own the shares of Common Stock owned by
each of such Reporting Persons. TIC expressly disclaims such beneficial
ownership. In addition, because Mr. Jones is the controlling
shareholder of TIC and the indirect controlling equity holder of TPT,
Mr. Jones may be deemed to beneficially own the shares of Common Stock
deemed beneficially owned by TIC and TPT. Mr. Jones expressly disclaims
such beneficial ownership.
Effective April 3, 2000, The Tudor BVI Global Fund Ltd. (formerly
known as Tudor BVI Futures, Ltd.) transferred all of its shares of
Common Stock to The Upper Mill Capital Appreciation Fund Ltd. which was
renamed The Tudor BVI Global Portfolio Ltd.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
[X].
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
Page 10
<PAGE>
Item 8. Identification and Classification of Members of the Group.
See cover pages
Item 9. Notice of Dissolution of Group.
Not applicable
Page 11
<PAGE>
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
Dated: April 11, 2000
TUDOR INVESTMENT CORPORATION
By: /s/ Andrew S. Paul
----------------------------------------------
Andrew S. Paul
Managing Director and General Counsel
/s/ Paul Tudor Jones, II
---------------------------------------------------
Paul Tudor Jones, II
THE TUDOR BVI GLOBAL FUND LTD.
By: Tudor Investment Corporation,
Trading Advisor
By: /s/ Andrew S. Paul
------------------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE TUDOR BVI GLOBAL PORTFOLIO LTD.
By: Tudor Investment Corporation,
Sub-Investment Manager
By: /s/ Andrew S. Paul
------------------------------------------
Andrew S. Paul
Managing Director and General Counsel
TUDOR PROPRIETARY TRADING, L.L.C.
By: /s/ Andrew S. Paul
-------------------------------------------------
Andrew S. Paul
Managing Director and General Counsel
Page 12
<PAGE>
THE ALTAR ROCK FUND L.P.
By: Tudor Investment Corporation,
General Partner
By: /s/ Andrew S. Paul
--------------------------------------
Andrew S. Paul
Managing Director and General Counsel
THE RAPTOR GLOBAL PORTFOLIO LTD.
By: Tudor Investment Corporation,
Investment Advisor
By: /s/ Andrew S. Paul
--------------------------------------
Andrew S. Paul
Managing Director and General Counsel
Page 13
