UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Software Artistry Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
834028102
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(CUSIP Number)
Christopher R. Stone, Esq.
c/o Testa, Hurwitz & Thibeault, LLP, 125 High Street, Boston, MA 02110
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
July 1, 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 [ ].
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).
SCHEDULE 13D
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CUSIP NO. 834028102 2 OF 10 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mt. Everest Fund, L.P.
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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*
OO
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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
0
----- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 411,900 shares
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- ------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
411,900 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
411,900 shares
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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)
6.04%
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14 TYPE OF REPORTING PERSON *
PN
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SCHEDULE 13D
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CUSIP NO. 834028102 3 OF 10 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mt. Everest QP Fund, L.P.
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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*
OO
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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
0
----- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 411,900 shares
----- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- ------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
411,900 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
411,900 shares
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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)
6.04%
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14 TYPE OF REPORTING PERSON *
PN
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SCHEDULE 13D
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CUSIP NO. 834028102 4 OF 10 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Greenberg - Summit Partners, L.L.C.
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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*
OO
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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
0
----- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 411,900 shares
----- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- ------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
411,900 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
411,900 shares
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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)
6.04%
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14 TYPE OF REPORTING PERSON *
PN
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SCHEDULE 13D
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CUSIP NO. 834028102 5 OF 10 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lawrence D. Greenberg
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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*
OO
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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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7 SOLE VOTING POWER
NUMBER OF
0
----- ------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 411,900 shares
----- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----- ------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
411,900 shares
- ------- ------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
411,900 shares
- ------- ------------------------------------------------------------------------
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)
6.04%
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14 TYPE OF REPORTING PERSON *
IN
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6 OF 10 PAGES
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ITEM 1. SECURITY AND ISSUER:
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This statement relates to the Common Stock, no par value per share (the
"Shares"), of Software Artistry Inc., an Indiana corporation (the "Issuer"). The
address of the Issuer's principal executive offices is 9449 Priority Way West
Dr., Indianapolis, IN 46240.
ITEM 2. IDENTITY AND BACKGROUND:
-----------------------
(a) This statement is being filed by the following Reporting Persons :
Mt. Everest Fund, L.P., Mt. Everest QP Fund, L.P, Greenberg-Summit Partners,
L.L.C., and Lawrence D. Greenberg.
(b) The address of the principal business office of Mt. Everest Fund,
L.P., Mt. Everest QP Fund, L.P., Greenberg-Summit Partners, L.L.C. and Lawrence
D. Greenberg is 600 Atlantic Avenue, Suite 2800, Boston MA 02210.
(c) The jurisdiction of organization for Mt. Everest Fund, L.P., Mt.
Everest QP Fund, L.P., and Greenberg-Summit Partners, L.L.C. is Delaware.
Lawrence D. Greenberg is a citizen of the United States of America.
(d) The principal business of Mt. Everest Fund, L.P. and Mt. Everest QP
Fund, L.P. is to make equity investments. The principal business of
Greenberg-Summit Partners, L.L.C. is to act as general partners of Mt. Everest
Fund, L.P. and Mt. Everest QP Fund, L.P. The principal occupation of Lawrence D.
Greenberg is his activities on behalf of the above-described entities.
(e) During the five years prior to the date hereof, none of the
Reporting Persons has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or has been a party to a civil proceeding
ending in a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding a violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
-------------------------------------------------
On July 1, 1997, Mt. Everest Fund, L.P. acquired 3,400 shares of Common
Stock of the Issuer for a total purchase price of $54,825. The working capital
of Mt. Everest Fund, L.P. was the source of funds for this purchase. No part of
the purchase price was or will be represented by funds or other consideration
borrowed or otherwise obtained for the purpose of acquiring, holding, trading or
voting the securities.
On July 1, 1997, Mt. Everest QP Fund, L.P. acquired 6,600 shares of
Common Stock of the Issuer for a total purchase price of $106,425. The working
capital of Mt. Everest QP Fund, L.P. was the source of funds for this purchase.
No part of the purchase price was or will be represented by funds or other
consideration borrowed or otherwise obtained for the purpose of acquiring,
holding, trading or voting the securities.
ITEM 4. PURPOSE OF TRANSACTION:
----------------------
Mt. Everest Fund, L.P. and Mt. Everest QP Fund, L.P. acquired the
Issuer's securities for investment purposes. Depending on market conditions,
their continuing evaluation of the business and prospects of the Issuer and
other factors, Mt. Everest Fund, L.P. and Mt. Everest QP Fund, L.P. may dispose
of or acquire additional securities of the Issuer. None of the Reporting Persons
has any present plans which relate to or would result in:
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7 OF 10 PAGES
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(a) The acquisition by any person of additional securities of the Issuer,
or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or of
any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term
of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy
of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure;
(g) Changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control
of the Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national
securities association;
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Securities Exchange Act of 1934; or
(j) Any action similar to any of those enumerated above.
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER:
----------------------------------------
(a) As of July 1, 1997, Mt. Everest Fund, L.P. was the record owner of
118,700 shares of Common Stock of the Issuer. As of July 1, 1997, Mt. Everest QP
Fund, L.P. was the record owner of 225,800 shares of Common Stock of the Issuer.
As of July 14, 1997, Mt. Everest Fund, L.P. was the record owner of 141,700
shares of Common Stock of the Issuer. As of July 14, 1997, Mt. Everest QP Fund,
L.P. was the record owner of 270,200 shares of Common Stock of the Issuer. The
shares held of record by Mt. Everest Fund, L.P. and Mt. Everest QP Fund, L.P.
are referred to herein collectively as the "Record Shares." By virtue of the
affiliate relationships among the entities, each Entity may be deemed to own
beneficially all the Record Shares. Hence, each Entity may be deemed to own
411,900 shares of Common Stock. In its capacity as sole General Partner of each
of Mt. Everest Fund, L.P. and Mt. Everest QP Fund, L.P., Greenberg-Summit
Partners, L.L.C. may be deemed to own beneficially 411,900 shares of Common
Stock. In his capacity as managing member of Greenberg-Summit Partners, L.L.C.,
Lawrence D. Greenberg may be deemed to own beneficially 411,900 shares of Common
Stock.
Each of the Reporting Persons expressly disclaims beneficial ownership of
any shares of Common Stock of Software Artistry Inc., except in the case of Mt.
Everest Fund, L.P. for the 141,700 shares which it holds of record, and in the
case of Mt. Everest QP Fund, L.P. for the 270,200 shares which it holds of
record.
(b) Number of Shares as to which each such person has
(i) Sole power to vote or direct the vote:
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8 OF 10 PAGES
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0 shares for each Reporting Person;
(ii) Shared power to vote or direct the vote:
Mt. Everest Fund, L.P.: 411,900 shares Mt. Everest QP Fund,
L.P.: 411,900 shares Greenberg-Summit Partners, L.L.C.: 411,900
shares Lawrence D. Greenberg: 411,900 shares
(iii) Sole power to dispose or to direct the disposition:
0 shares for each Reporting Person;
(iv) Shared power to dispose or to direct the disposition:
Mt. Everest Fund, L.P.: 411,900 shares Mt. Everest QP Fund,
L.P.: 411,900 shares Greenberg-Summit Partners, L.L.C.: 411,900
shares Lawrence D. Greenberg: 411,900 shares
(c) Except as set forth above, none of the Reporting Persons has effected
any transaction in the Shares during the last 60 days.
(d) No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or any proceeds from the sale of, the
Shares beneficially owned by any of the Reporting Persons.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
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TO SECURITIES OF THE ISSUER:
---------------------------
Not Applicable
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS:
--------------------------------
Exhibit 1 Agreement regarding filing of joint Schedule 13D.
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9 OF 10 PAGES
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SCHEDULE 13D
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: July 16, 1997 MT. EVEREST FUND, L.P.
By: GREENBERG SUMMIT PARTNERS, L.L.C.
By: LAWRENCE D. GREENBERG, its managing member
/s/ Lawrence D. Greenberg
---------------------------------
MT. EVEREST QP FUND, L.P.
By: GREENBERG SUMMIT PARTNERS, L.L.C.
By: LAWRENCE D. GREENBERG, its managing member
/s/ Lawrence D. Greenberg
---------------------------------
GREENBERG SUMMIT PARTNERS, L.L.C.
By: Lawrence D. Greenberg, its managing member
/s/ Lawrence D. Greenberg
---------------------------------
/s/ Lawrence D. Greenberg
---------------------------------
Lawrence D. Greenberg
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10 OF 10 PAGES
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Exhibit 1
AGREEMENT
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13D need be filed with respect to the ownership by each of
the undersigned of shares of stock of Software Artistry Inc.
This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
Executed this 16th day of July, 1997.
MT. EVEREST FUND, L.P.
By: GREENBERG SUMMIT PARTNERS, L.L.C.
By: LAWRENCE D. GREENBERG, its managing member
/s/ Lawrence D. Greenberg
---------------------------------
MT. EVEREST QP FUND, L.P.
By: GREENBERG SUMMIT PARTNERS, L.L.C.
By: LAWRENCE D. GREENBERG, its managing member
/s/ Lawrence D. Greenberg
---------------------------------
GREENBERG SUMMIT PARTNERS, L.L.C.
By: Lawrence D. Greenberg, its managing member
/s/ Lawrence D. Greenberg
---------------------------------
/s/ Lawrence D. Greenberg
---------------------------------
Lawrence D. Greenberg
