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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._____)*
Global Imaging Systems, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
37934A 10 0
------------------------------
(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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 1 of 8 pages
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CUSIP No. 37934A 10 0 13G Page 2 of 8 Pages
- --------------------- -----------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jackson National Life Insurance Company
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Michigan
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,006,898
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,006,898
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,006,898
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
Not Applicable [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
5.59%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IC
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 37934A 10 0 13G Page 3 of 8 Pages
- --------------------- -----------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PPM America, Inc.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
1,006,898
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
1,006,898
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,006,898
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
Not Applicable [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
5.59%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IA
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a) Name of Issuer:
Global Imaging Systems, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
13902 North Dale Mabry, Suite 300
Tampa, Florida 33618
Item 2(a) Name of Person Filing:
(1) Jackson National Life Insurance Company ("JNL")
(2) PPM America, Inc. ("PPM")
Item 2(b) Address of Principal Business Office:
The address of JNL and PPM is:
225 West Wacker Drive, Suite 1200
Chicago, Illinois 60606
Item 2(c) Citizenship:
Delaware
Item 2(d) Title of Class of Securities:
Common Stock, $.01 par value (the "Securities")
Item 2(e) CUSIP Number:
37934A 10 0
Item 3 Type of Person:
(c) JNL, a Michigan insurance corporation, is an insurance
company as defined in Section 3(a)(19) of the Exchange Act.
(e) PPM is an investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E). All of the securities covered by this
report are owned legally by JNL, PPM's investment advisory
client, and none are owned directly or indirectly by PPM. As
permitted by Rule 13d-4, the filing of this statement shall
not be construed as an admission that PPM is the beneficial
owner of any of the securities covered by this statement.
Page 4 of 8 pages
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Item 4 Ownership (at December 31, 1998):
(a) Amount owned "beneficially" within the meaning of
rule 13d-3:
1,006,898 shares
(b) Percent of class:
5.59%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote:
1,006,898
(iii) sole power to dispose or to direct the
disposition of: -0-
(iv) shared power to dispose or to direct
disposition of: 1,006,898
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company:
Not Applicable
Item 8 Identification and Classification of Members of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Page 5 of 8 pages
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Item 10 Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
Page 6 of 8 pages
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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 12, 1999
PPM AMERICA, INC.
By: /s/ Paul Carter
-------------------------------------
Paul Carter
Vice President - Compliance
JACKSON NATIONAL LIFE INSURANCE COMPANY,
a Michigan insurance corporation
By: PPM America, Inc.,
as Attorney-in-Fact
By: /s/ Paul Carter
-------------------------------------
Paul Carter
Vice President - Compliance
Page 7 of 8 pages
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Joint Filing Agreement
----------------------
In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934,
the persons or entities named below agree to the joint filing on behalf of each
of them of this Schedule 13G with respect to the Securities of the Issuer and
further agree that this joint filing agreement be included as an exhibit to this
Schedule 13G. In evidence thereof, the undersigned hereby execute this Agreement
as of the 12th day of February, 1999.
PPM AMERICA, INC.
By: /s/ Paul Carter
-------------------------------------
Paul Carter
Vice President - Compliance
JACKSON NATIONAL LIFE INSURANCE COMPANY,
a Michigan insurance corporation
By: PPM America, Inc.,
as Attorney-in-Fact
By: /s/ Paul Carter
-------------------------------------
Paul Carter
Vice President - Compliance
Page 8 of 8 pages
