UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 7)
WALKER INTERACTIVE SYSTEMS INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
931664106
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(CUSIP Number)
BOB K. PRYT
BKP CAPITAL MANAGEMENT
ONE SANSOME STREET, STE 3900
SAN FRANCISCO, CA 94104
TELEPHONE NUMBER 415 288-2335
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
MARCH 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 [ ].
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).
CUSIP NO. 931664106
- ------------------------------
- -----------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
BKP CAPITAL MANAGEMENT
94-3137664
- ------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ x ]
(B) [ ]
- -------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ---------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSANT TO ITEMS 2(d) 2(e) [ ]
- --------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- ---------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER
OF SHARES -0-
BENEFICIALLY -------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 2,508,800
REPORTING --------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
---------------------------------------------
10 SHARED DISPOSITIVE POWER
2,508,800
---------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,508,800
- ----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- ----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.6%
- --------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- ---------------------------------------------------------------------------
CUSIP NO. 931664106
- ------------------------------
- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
BOB K. PRYT
SSN: ###-##-####
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ x ]
(B) [ ]
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSANT TO ITEMS 2(d) 2(e) [ ]
- --------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
- ---------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER
OF SHARES 227,100
BENEFICIALLY ------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 2,281,700
REPORTING ------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 227,100
-------------------------------------------
10 SHARED DISPOSITIVE POWER
2,281,700
-------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,508,800
- ---------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- ---------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.6%
- -------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------
CUSIP NO. 931664106
- ------------------------------
- -------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S IDENTIFICATION NO. OF ABOVE PERSON
BKP PARTNERS, L.P. A CALIFORNIA LIMITED PARTNERSHIP
94-3124071
- --------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ x ]
(B) [ ]
- --------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSANT TO ITEMS 2(d) 2(e) [ ]
- --------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- --------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER
OF SHARES 2,281,700
BENEFICIALLY -------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 2,281,700
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,508,800
- --------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.6%
- --------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------
CUSIP No. 931664106
ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of Common Stock (the "Stock") of Walker
Interactive Systems, Inc., a Delaware corporation ("WALK"). The principal
executive office of WALK is located at Marathon Plaza Three North, 303
Second Street, San Francisco, California 94107.
ITEM 2. IDENTITY AND BACKGROUND
The persons filing this statement and the persons enumerated in Instruction
C of Schedule 13D and, where applicable, their respective places of
organization and general partners, and the information regarding them,
is as follows:
(a) BKP Capital Management, a California corporation ("BKPCM");
Bob K. Pryt ("Pryt"); and BKP Partners, L.P., a California limited
partnership ("BKPP").
(b) The business address of BKPCM, Pryt and BKPP is One Sansome
Street, Suite 3900, 39th Floor, San Francisco, CA 94104.
(c) Pryt is the sole shareholder of BKPCM. BKPCM and Pryt are
the general partners of BKPP, which is an investment partnership.
(d) During the last five years, none of such persons has been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of such persons was a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree
or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) Pryt is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The net source and amount of funds used in purchasing the additional Stock
were as follows:
Purchaser Source of Funds Amount
BKPP Working Capital $3,258,518
Pryt Personal Funds $239,771
ITEM 4. PURPOSE OF TRANSACTION.
The sole purpose of the acquisitions of the Stock reported herein was and is
for investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The beneficial ownership of the Stock of the persons named in Item 2 of this
statement is as follows at the date hereof:
Aggregate Beneficially
Owned Voting Power Dispositive Power
Name Number Percent Sole Shared Sole Shared
BKPCM 2,508,800 17.6 0 2,508,800 0 2,508,800
Pryt 2,508,800 17.6 227,100 2,281,700 227,100 2,281,700
BKPP 2,508,800 17.6 2,281,700 0 2,281,700 0
BKP Partners and Bob Pryt acquired an additional 267,000 shares from
$12.3125 to $14.2500 per share during the last 60 days.
Number Price
Type of Purchase of per Broker
Name Security or Sale Date Shares Share Used
BKPP Common P 2/4/97 25,000 13.1250 MSCO
BKPP Common P 2/5/97 4,500 13.1875 SHEM
BKPP Common P 2/6/97 2,000 13.0625 SHEM
BKPP Common P 2/7/97 5,000 13.0625 TSCO
BKPP Common P 2/7/97 6,000 13.0600 WEED
BKPP Common P 2/7/97 4,600 12.7361 PFTC
BKPP Common P 2/10/97 30,000 12.6542 SHEM
BKPP Common P 2/11/97 1,000 12.8750 WEED
BKPP Common P 2/12/97 2,500 12.6875 SHEM
BKPP Common P 2/13/97 2,000 12.9375 SHEM
BKPP Common P 2/13/97 10,000 13.1250 WEED
Pryt Common P 2/19/97 13,400 13.1635 MSCO
BKPP Common P 2/19/97 2,500 13.1875 SHEM
BKPP Common P 2/19/97 3,000 14.0000 WEED
BKPP Common P 2/20/97 2,000 14.2430 SHEM
BKPP Common P 2/20/97 5,000 14.1250 PFTC
BKPP Common P 2/20/97 12,000 14.2083 WEED
BKPP Common P 2/21/97 2,000 14.2500 PFTC
BKPP Common P 2/21/97 2,000 14.2500 WEED
BKPP Common P 2/24/97 7,000 13.7050 SHEM
BKPP Common P 2/24/97 10,000 13.6250 MONT
BKPP Common P 2/25/97 10,000 13.7500 OPCO
BKPP Common P 2/25/97 5,000 13.3750 TSCO
BKPP Common P 2/26/97 1,000 13.3125 PFTC
BKPP Common P 3/5/97 2,000 13.0625 WEED
BKPP Common P 3/5/97 2,000 13.2500 SHEM
BKPP Common P 3/6/97 2,500 13.5625 SHEM
BKPP Common P 3/11/97 4,000 13.5000 WEED
Pryt Common P 3/11/97 5,000 12.6761 SHEM
BKPP Common P 3/18/97 2,500 12.5625 SHEM
BKPP Common P 3/19/97 15,000 13.2500 SHEM
BKPP Common P 3/19/97 3,000 12.7500 PFTC
BKPP Common P 3/20/97 25,500 12.3321 SHEM
BKPP Common P 3/24/97 10,000 12.9900 WEED
BKPP Common P 3/24/97 7,000 12.3125 SHEM
BKPP Common P 3/25/97 3,000 2.3125 SHEM
BKPP Common P 3/26/97 3,000 12.6667 PFTC
BKPP Common P 3/27/97 15,000 13.0292 SHEM
MONT - Montgomery Securities
MSCO - Morgan Stanley Co.
OPCO - Oppenheimer & Co.
PFTC - Preferred Technology
SHEM - The Shemano Group
TSCO - Troster Singer
WEED - Weeden & Co.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
BKPCM and Pryt are the general partners of BKPP pursuant to a limited
partnership agreement providing to BKPCM and Pryt the authority, among
other things, to invest the funds of BKPP in the Stock, to vote and dispose
of those securities and to file this statement on behalf of BKPP. Pursuant to
such limited partnership agreement, the general partners are entitled to fees
based on assets under management and special profit allocations based on
realized and unrealized gains and losses, if certain conditions are met.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of such person's knowledge,
each person executing this statement below certifies that the information
set forth in this statement is true, complete and correct.
DATE: March 31, 1997 BKP PARTNERS, L.P.
A California Limited Partnership
By BKP Capital Management, General Partner
By ----------------------------------
Bob K. Pryt
President
By -----------------------------------
Bob K. Pryt, General Partner
