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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Amendment No. 3 to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Delphi Information Systems, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
247171101
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(CUSIP Number)
Gary S. Kohler, Vice President
Okabena Investment Services, Inc.
5140 Norwest Center
90 South Seventh Street, Minneapolis, MN 55402-4139
(612) 339-7151
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(Name, Address and Telephone Number of Person Authorized
to receive Notices and Communications)
May 19, 1997
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(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 [ ].
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 should 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 1 of 4 pages
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CUSIP No. 247171101
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(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons
Okabena Partnership K, a Minnesota general partnership 41-1642281
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ X ]
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(3) SEC Use Only
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(4) Source of Funds
WC
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
N/A
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(6) Citizenship or Place of Organization
Minnesota
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Number of (7) Sole Voting Power 2,500,000 shares
Shares Bene- -----------------------------------------------------------------
ficially (8) Shared Voting Power -0- shares
Owned by -----------------------------------------------------------------
Each Report- (9) Sole Dispositive Power 2,500,000 shares
ing Person -----------------------------------------------------------------
With (10) Shared Dispositive Power -0- shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,500,000 shares See Item 5
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
N/A
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(13) Percent of Class Represented by Amount in Row (11)
6.6%
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(14) Type of Reporting Person (See Instructions)
PN
Page 2 of 4 pages
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CUSIP No. 247171101
This Amendment No. 3 amends the original Schedule 13D Statement filed November
8, 1996, Amendment No. 1 filed November 14, 1996, and Amendment No. 2 filed
January 31, 1997.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is amended as follows:
See Schedule 13D Statement cover page, rows (7) through (11) inclusive
and row (13). According to the Issuer's Form S-3, at April 30, 1997 it had
36,351,168 shares outstanding. When adjusted for the warrants owned by the
Reporting Person and previously reported in accordance with Rule 13d-3(d)(1)(i),
the calculation herein is based on 37,851,168 shares.
The Reporting Person sold shares of the Issuer's common stock as
follows in open market transactions:
Date Shares Sold Price
---- ----------- -----
5/16/97 50,000 $1.00
5/19/97 150,000 .97
6/13/97 200,000 1.00
6/20/97 100,000 1.15
Page 3 of 4 pages
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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.
Date: June 27, 1997 OKABENA PARTNERSHIP K
By: Okabena Investment Services, Inc.
Its Managing Partner
By: /s/ Gary S. Kohler
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Gary S. Kohler, Vice President
Page 4 of 4 pages
