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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. 1)*
(FINAL AMENDMENT)
Landmark Systems Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
51506S - 10 - 0
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(CUSIP Number)
Kim D. Cooke, Esq., Managing Director
Blue Water Capital, L.L.C., Managing Member
Blue Water Strategic Fund I, L.L.C.
8300 Greensboro Drive
Suite 1210
McLean, VA 22102
(703) 790-8821
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 15, 1999
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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 [ ].
Check the following box if a fee is being paid with the statement [ ]. (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.
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).
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SCHEDULE 13D
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CUSIP No. 515065-10-0 Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blue Water Strategic Fund I, L.L.C.
8300 Greensboro Drive
Suite 1210
McLean, VA 22102
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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 SOURCE OF FUNDS*
00
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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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CITIZENSHIP OR PLACE OF ORGANIZATION
6 Delaware
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7 SOLE VOTING POWER
NUMBER OF 513,793
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 513,793
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WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
513,793
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.36%
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14 TYPE OF REPORTING PERSON*
00
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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.
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CUSIP No. 515065-10-0 Page 3 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blue Water Capital, L.L.C.
8300 Greensboro Drive
Suite 1210
McLean, VA 22102
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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 SOURCE OF FUNDS*
00
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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
Delaware
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7 SOLE VOTING POWER
NUMBER OF 513,793
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 513,793
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WITH 10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
513,793
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.36%
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14 TYPE OF REPORTING PERSON*
00
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</TABLE>
*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.
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CUSIP No. 515065-10-0 Page 4 of 5 Pages
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This Amendment No. 1 amends the Statement on Schedule 13D filed with
the Securities and Exchange Commission on December 4, 1998 by Blue Water
Strategic Fund I, L.L.C., a Delaware limited liability company ("Blue Water
Strategic Fund") and Blue Water Capital I, L.L.C., a Delaware limited liability
company ("Blue Water Capital"). This Amendment No. 1 is filed with respect to
the shares of Common Stock, par value $.01 per share ("LDMK Common Stock") of
Landmark Corporation, a Delaware corporation ("LDMK").
Item 5 of the Schedule 13D is hereby amended in its entirety to read
as follows:
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
The Series B Preferred Stock owned by the Reporting Persons converted
on November 21, 1997 into 592,793 shares of Common Stock. Based upon the
reported number of shares outstanding (based upon representations of the Issuer
in its Form 10Q filed on November 15, 1999), as of November 15, 1999, the
Reporting Persons beneficially owned less than 5% of the outstanding Common
Stock of the Issuer. As a result of recent sales by the Reporting Persons in the
last sixty (60) days, the Reporting Persons beneficially own 513,793 shares of
Common Stock, which represents approximately 4.36% of the outstanding Common
Stock of the Issuer. Blue Water Strategic Fund has the sole power to vote or
direct the vote, and sole power to dispose or to direct the disposition, of all
such securities. Such power is exercised through its Managing Member, Blue Water
Capital.
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CUSIP No. 515065-10-0 Page 5 of 5 Pages
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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.
BLUE WATER STRATEGIC FUND I, L.L.C.
By: Blue Water Capital, LLC, its Managing Member
By: /s/ Kim D. Cooke
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Kim D. Cooke, Esq.
Managing Director
BLUE WATER CAPITAL, L.L.C.
By: /s/ Kim D. Cooke
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Kim D. Cooke, Esq.
Managing Director
Dated: March 10, 2000
