EDUCATION MANAGEMENT CORPORATION
SC 13G, 1998-02-11
EDUCATIONAL SERVICES
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  SCHEDULE 13G


                                 (RULE 13D-102)


                 INFORMATION TO BE INCLUDED IN STATEMENTS FILED
                     PURSUANT TO RULES 13D-1(B) AND (C) AND
                  AMENDMENTS THERETO FILED PURSUANT TO 13D-2(B)

                                (AMENDMENT NO. 1)



                              EDUCATION MANAGEMENT
                                   CORPORATION
                                (Name of Issuer)

                          COMMON STOCK, $.01 PAR VALUE
                         (Title of Class of Securities)

                                   28139T 10 1
                                 (CUSIP Number)



                                Page 1 of 4 Pages


<PAGE>





                            
                                  SCHEDULE 13G
- ---------------------                                        -------------------
CUSIP NO. 28139T 10 1                                        PAGE  2  OF 4 PAGES
- ---------------------                                        -------------------



              1   NAME OF REPORTING PERSONS
                  I.R.S. IDENTIFICATION NOS. OF ABOVE 
                  PERSONS (ENTITIES ONLY)                      Robert B. Knutson
                                                               -----------------

              2   CHECK THE APPROPRIATE BOX IF A MEMBER 
                  OF A GROUP*                                            (a) / /
                                                                         (b) / /
                                                                     

              3   SEC USE ONLY


              4   CITIZENSHIP OR PLACE OF ORGANIZATION             United States
                                                                   -------------

  NUMBER OF               5   SOLE VOTING POWER                        1,752,650
  SHARES                                                               ---------
  BENEFICIALLY            
  OWNED BY                6   SHARED VOTING POWER                              0
  EACH                                                                         -
  REPORTING               
  PERSON                  7   SOLE DISPOSITIVE POWER                   1,752,650
  WITH                                                                 ---------

                          8   SHARED DISPOSITIVE POWER                         0
                                                                               -
               
          
              9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY 
                   EACH REPORTING PERSON                               1,752,650
                                                                       ---------

            10     CHECK BOX IF THE AGGREGATE AMOUNT IN
                   ROW (9) EXCLUDES CERTAIN SHARES                           
                   See Item 4(a)                                             /X/
                                                                             

            11     PERCENT OF CLASS REPRESENTED BY AMOUNT 
                   IN ROW (9)                                              12.1%
                                                                           -----


            12     TYPE OF REPORTING PERSON*                                  IN
                                                                              --


                                Page 2 of 4 Pages

<PAGE>





     This  Amendment  No. 1 to Schedule 13G  ("Amendment  No. 1") relates to the
Common  Stock,  $.01 par value (the "Common  Stock"),  of  Education  Management
Corporation,  a Pennsylvania  corporation  (the "Issuer").  This Amendment No. 1
amends  and  restates  in its  entirety  the  response  to Item 4 of the  filing
person's  Schedule 13G dated February 14, 1997 (the "Initial  Schedule 13G"). No
other  responses to Items of the Initial  Schedule 13G are being amended at this
time.





Item 4.           Ownership.


      (a)   Mr. Knutson  is  the  indirect  beneficial owner, as trustee and the
            sole  beneficiary  under the Revocable  Trust Agreement of Robert B.
            Knutson dated March 4, 1993, of 1,737,650 shares of Common Stock and
            the  direct  beneficial  owner of  15,000  shares  of  Common  Stock
            issuable upon exercise of employee  stock  options.  Mr. Knutson may
            also be deemed to be the  beneficial  owner of the  shares of Common
            Stock  beneficially  owned by his  spouse,  Miryam L.  Drucker.  Mr.
            Knutson disclaims beneficial ownership of those shares.


      (b)   The 1,752,650 shares  beneficially owned by Mr. Knutson are 12.1% of
            the  outstanding  Common  Stock,  based upon the  14,444,218  shares
            outstanding at December 31, 1997.


      (c)   Mr.  Knutson has sole voting and  dispositive  power with respect to
            the 1,752,650 shares beneficially owned by him.


                                Page 3 of 4 Pages

<PAGE>



                                    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:  February 1, 1998


                                    /S/ ROBERT B. KNUTSON
                                    ---------------------
                                    Robert B. Knutson







                                Page 4 of 4 Pages




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