<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
CONTROL DATA SYSTEMS, INC.
---------------------------------------------
(Name of Issuer)
Common Stock, $0.01 par value
---------------------------------------------
(Title of Class of Securities)
21238F 10 6
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(CUSIP Number)
John P. Walsh, Esq.
101 South Hanley Road, Suite 1600
St. Louis, Missouri 63105
(314) 862-1200
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 20, 1995
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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 l;
and (2) has filed no amendment subsequent thereto reporting
beneficial ownership of five percent or less of such class.) (See
Rule 13d-7.)
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> 2
CUSIP NO. 21238F 10 6 13D Page 2
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1) Name of Reporting Person: Peter Cundill & Associates
(Bermuda) Ltd.
I.R.S. Identification No.: N/A
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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: 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: Bermuda
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Number of (7) Sole Voting Power: 0
Shares Bene- -------------------------------------------------
ficially (8) Shared Voting Power: 541,300
Owned by -------------------------------------------------
Each Report- (9) Sole Dispositive Power: 541,300
ing Person -------------------------------------------------
With (10) Shared Dispositive Power: 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person:
541,300
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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): 4.3%
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14) Type of Reporting Person: CO, IA (Canadian)
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<PAGE> 3
CUSIP NO. 21238F 10 6 13D Page 3
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1) Name of Reporting Person: Cundill Value Fund Ltd.
I.R.S. Identification No.: N/A
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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: 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: British Columbia,
Canada
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Number of (7) Sole Voting Power: 0
Shares Bene- -------------------------------------------------
ficially (8) Shared Voting Power: 541,300
Owned by -------------------------------------------------
Each Report- (9) Sole Dispositive Power: 0
ing Person -------------------------------------------------
With (10) Shared Dispositive Power: 0
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11) Aggregate Amount Beneficially Owned by Each Reporting Person:
541,300
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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): 4.3%
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14) Type of Reporting Person: OO
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<PAGE> 4
CUSIP NO. 21238F 10 6 13D Page 4
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1) Name of Reporting Person: Peter Cundill Holdings
(Bermuda) Ltd.
I.R.S. Identification No.: N/A
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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: 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: Bermuda
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Number of (7) Sole Voting Power: 0
Shares Bene- -------------------------------------------------
ficially (8) Shared Voting Power: 541,300
Owned by -------------------------------------------------
Each Report- (9) Sole Dispositive Power: 0
ing Person -------------------------------------------------
With (10) Shared Dispositive Power: 541,300
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11) Aggregate Amount Beneficially Owned by Each Reporting Person:
541,300
- ---------------------------------------------------------------------
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): 4.3%
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14) Type of Reporting Person: HC
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<PAGE> 5
CUSIP NO. 21238F 10 6 13D Page 5
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1) Name of Reporting Person: F. Peter Cundill
I.R.S. Identification No.: N/A
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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: 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: Canada
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Number of (7) Sole Voting Power: 0
Shares Bene- -------------------------------------------------
ficially (8) Shared Voting Power: 541,300
Owned by -------------------------------------------------
Each Report- (9) Sole Dispositive Power: 0
ing Person -------------------------------------------------
With (10) Shared Dispositive Power: 541,300
- ---------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Each Reporting Person:
541,300
- ---------------------------------------------------------------------
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): 4.3%
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14) Type of Reporting Person: IN
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<PAGE> 6
Page 6
This Amendment No. 3 to Statement on Schedule 13D
heretofore filed on December 20, 1994, as amended by Amendment No.
1 filed on February 24, 1995, and Amendment No. 2 filed on May 5,
1995, is being filed by Peter Cundill & Associates (Bermuda) Ltd., a
Bermuda corporation ("PCB"), Cundill Value Fund Ltd., an open-end
mutual fund organized under the laws of Canada ("Value Fund"), Peter
Cundill Holdings (Bermuda) Ltd., a Bermuda corporation ("Holdings"),
and F. Peter Cundill, a Canadian citizen residing in England
("Cundill") (PCB, Value Fund, Holdings and Cundill are sometimes
also referred to herein individually as a "Reporting Person" and
collectively as the "Reporting Persons"), to reflect the following
amendment to Item 5. As a result of the sales made by the Reporting
Persons reflected in this Amendment No. 2, none of the Reporting
Persons is currently directly or indirectly the beneficial owner
of more than 5 percent of the Shares of the Company. As a result,
none of the Reporting Persons will file future amendments to the
Statement on Schedule 13D unless the Reporting Persons or any one
of them becomes a beneficial owner of more than 5 percent of the
Company's Shares.
Item 5. Interest in Securities of the Issuer.
- ------ ------------------------------------
<TABLE>
The number of Shares which may be deemed to be
beneficially owned by the Reporting Persons are as follows:
<CAPTION>
Shares Deemed to be Nature of Percentage
Beneficially Owned By: Ownership of Class
- --------------------- --------- ----------
<C> <S> <C>
(A) PCB:
---
Shared Voting and Sole
541,300 Dispositive Power <F1> 4.27%
======= ====
(B) Value Fund:
----------
541,300 Shared Voting Power 4.27%
======= ====
(C) Holdings:
--------
Shared Voting and Shared
541,300 Dispositive Power <F2> 4.27%
======= ====
(D) Cundill:
-------
Shared Voting and Shared
541,300 Dispositive Power <F3> 4.27%
======= ====
<PAGE> 7
Page 7
<FN>
- ---------------
<F1> Such Shares are owned by Value Fund, an open-end mutual fund
organized under the laws of Canada, the investment portfolio
of which entity is managed by PCB. PCB has sole dispositive
power and shared voting power with the Board of Directors of
Value Fund under an agreement dated April 1, 1987. The
economic interest in such Shares is held by Value Fund.
<F2> Holdings, because it owns a controlling portion of the
outstanding stock of PCB, could be deemed to share the power
to vote and dispose or direct the disposition of such Shares.
<F3> Cundill, because he owns a controlling portion of the
outstanding stock of Holdings, which owns a controlling
portion of the outstanding stock of PCB, could be deemed to
share the power to vote and dispose or direct the disposition
of such Shares.
</TABLE>
<TABLE>
Since May 5, 1995 (which date is the date of the filing
of Amendment No. 2 to the Statement on Schedule 13D), no
transactions in the Shares have been effected by the Reporting Persons
or, to the best knowledge of the Reporting Persons, by any executive
officer, director, affiliate or subsidiary of the Report Persons,
except the following transactions:
<CAPTION>
Reporting Nature of Number of Price Per
Person Date Transaction Shares Share
--------- ---- ----------- --------- ---------
<S> <C> <C> <C> <C>
PCB on behalf of Value Fund 7/20/95 Sale 117,500 $10.33
PCB on behalf of Security Fund 7/20/95 Sale 32,500 $10.33
</TABLE>
<PAGE> 8
Page 8
SIGNATURES
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The undersigned certify, after reasonable inquiry and to the
best knowledge and belief of the undersigned, that the information
set forth in this Statement is true, complete and correct. The
undersigned agree to the filing of this single Amendment No. 3 to
Statement on Schedule 13D.
PETER CUNDILL & ASSOCIATES
(BERMUDA) LTD.
Date: July 28, 1995 By: /s/ John P. Walsh
------------------------------------
John P. Walsh, Attorney-in-Fact
CUNDILL VALUE FUND LTD.
Date: July 28, 1995 By: /s/ John P. Walsh
------------------------------------
John P. Walsh, Attorney-in-Fact
PETER CUNDILL HOLDINGS (BERMUDA) LTD.
Date: July 28, 1995 By: /s/ John P. Walsh
------------------------------------
John P. Walsh, Attorney-in-Fact
F. PETER CUNDILL
Date: July 28, 1995 By: /s/ John P. Walsh
------------------------------------
John P. Walsh, Attorney-in-Fact
