SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)
(Amendment No. 1 )*
FOURTH SHIFT CORP.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
351128 10 3
(CUSIP Number)
DECEMBER 31, 1998
(Date of Event Which
Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 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 1 of 7 Pages
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SCHEDULE 13G
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CUSIP No. 351128 10 3 Page 2 of 7 Pages
- ------------------------------------ -----------------------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Oscar Capital Management, LLC
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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NUMBER OF 5 SOLE VOTING POWER
SHARES 779,816
--------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY --------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 779,816
--------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
779,816
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.8%
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12 TYPE OF REPORTING PERSON*
IA
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* SEE INSTRUCTIONS BEFORE FILING OUT!
<PAGE>
SCHEDULE 13G
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CUSIP No. 351128 10 3 Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew K. Boszhardt, Jr.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 829,016
----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY ----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 829,016
----------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
829,016
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.3%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILING OUT!
<PAGE>
Item 1(a). Name of Issuer:
FOURTH SHIFT CORP., A MINNESOTA CORPORATION.
Item 1(b). Address of Issuer's Principal Executive Offices:
7900 INTERNATIONAL DRIVE, SUITE 450
MINNEAPOLIS, MN 55425
Items 2(a),
(b) and (c). Name of Person Filing; Address of Principal Business Office;
Citizenship:
1. OSCAR CAPITAL MANAGEMENT, LLC
900 THIRD AVENUE, 10TH FLOOR
NEW YORK, NY 10022
A DELAWARE LIMITED LIABILITY COMPANY AND REGISTERED INVESTMENT ADVISER
2. ANDREW K. BOSZHARDT
C/O OSCAR CAPITAL MANAGEMENT, LLC
900 THIRD AVENUE, 10TH FLOOR
NEW YORK, NY 10022
MR. BOSZHARDT IS A CITIZEN OF THE UNITED STATES
Item 2(d). Title of Class of Securities:
THE COMMON STOCK OF FOURTH SHIFT CORP. (THE "COMMON STOCK")
Item 2(e). CUSIP Number:
351128 10 3
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C 80a-8).
(e) [X] An investment adviser in accordance with 240.13d-1(b)(1)
(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with 240.13d- 1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with 240.13d- 1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to 240.13d-1(c), check this box. [X].
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 829,016.
(b) Percent of class: 8.3%.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
829,016.
(ii) Shared power to vote or to direct the vote 0.
(iii) Sole power to dispose or to direct the disposition of
829.016.
(iv) Shared power to dispose or to direct the disposition
of 0.
Mr. Boszhardt is the Managing Member of Oscar Capital Management, LLC
responsible for determinations as to voting, purchases and sales, and therefore
has sole voting and dispositive power with respect to and therefore is deemed to
beneficially own securities beneficially owned by Oscar Capital Management, LLC.
Oscar Capital Management, LLC beneficially owns an aggregate of 779,816 shares
of Common Stock, which equals 7.8% of the outstanding Common Stock. Mr.
Boszhardt also has sole voting and discretionary power with respect to 49,200
shares of Common Stock owned by himself and his children. Mr. Boszhardt
therefore, beneficially owns an aggregate of 829,016 shares of Common Stock,
which equals 8.3% of the outstanding Common Stock.
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.
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
<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.
February 12, 1999 OSCAR CAPITAL MANAGEMENT, LLC
/S/ ANDREW K. BOSZHARDT, JR.
---------------------------------
By: Andrew K. Boszhardt, Jr.
Title: Managing Member
