<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
Johnstown America Industries, Inc.
----------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
--------------------------------------
(Title of Class of Securities)
479477101
--------------------
(CUSIP Number)
Andrew S. Paul, Esq.
c/o Tudor Investment Corporation
One Liberty Plaza (51st Floor)
New York, New York 10006
(212) 602-6700
----------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 8, 1997
-------------------------------------------------
(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 [ ].
<PAGE>
- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor Investment Corporation
TIN: 22-2514825
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [X]
- ----------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 460,300
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
460,300
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
460,300
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.7%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 2
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul Tudor Jones, II
TIN:
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- -----------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 488,000
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
488,000
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
488,000
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.0%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- -----------------------------------------------------------------
Page 3
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Raptor Global Fund Ltd.
TIN: n/a
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- ------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 174,700
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
174,700
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
174,700
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 4
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Raptor Global Fund L.P.
TIN: 13-3735415
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 77,700
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
77,700
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
77,700
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -----------------------------------------------------------------
Page 5
<PAGE>
- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor Arbitrage Partners L.P.
TIN: 13-3496979
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 27,700
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
27,700
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
27,700
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- -----------------------------------------------------------------
Page 6
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- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor Global Trading LLC
TIN: 13-3862744
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ----------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 27,700
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
27,700
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
27,700
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- -----------------------------------------------------------------
Page 7
<PAGE>
- --------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tudor BVI Futures, Ltd.
TIN: n/a
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- --------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- --------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 193,000
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
193,000
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
193,000
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.0%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
Page 8
<PAGE>
- --------------------------------------------------------------------------------
CUSIP NO. 479477101
- --------------------
- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Upper Mill Capital Appreciation Fund Ltd.
TIN: n/a
- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X ]
- -----------------------------------------------------------------
3. SEC USE ONLY
- -----------------------------------------------------------------
4. SOURCE OF FUNDS
OO
- -----------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[ ]
- ------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- ------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 14,900
EACH --------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH --------------------------
10 SHARED DISPOSITIVE POWER
14,900
- -----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
14,900
- -----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- -----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- -----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -----------------------------------------------------------------
Page 9
<PAGE>
Item 1. Security and Issuer
-------------------
This Schedule 13D, dated May 16, 1997, relates to the common stock,
par value $.01 per share ("Common Stock"), of Johnstown America Industries,
Inc., a Delaware corporation (the "Company"), filed by Tudor Investment
Corporation, a Delaware corporation ("TIC"), Paul Tudor Jones, II, a natural
person and a citizen of the United States ("Mr. Jones"), The Raptor Global Fund
Ltd., a company organized under the laws of the Cayman Islands ("Raptor Ltd."),
The Raptor Global Fund L.P., a Delaware limited partnership ("Raptor L.P."),
Tudor Arbitrage Partners L.P., a Delaware limited partnership ("TAP"), Tudor
Global Trading LLC, a Delaware limited liability company ("TGT"), Tudor BVI
Futures, Ltd., a corporation organized under the laws of the British Virgin
Islands ("Tudor BVI") and The Upper Mill Capital Appreciation Fund Ltd., a
company organized under the laws of Cayman Islands ("Upper Mill", and
collectively with TIC, Mr. Jones, Raptor Ltd., Raptor L.P., TAP, TGT and Tudor
BVI, the "Reporting Persons")./*/ The summaries of information on schedules
attached hereto are qualified in their entirety by reference to such schedules,
which are incorporated by reference herein.
The Company's principal executive offices are located at 980 North
Michigan Avenue, Suite 1000, Chicago, Illinois 60611.
Item 2. Identity and Background.
-----------------------
The Reporting Persons are TIC, Mr. Jones, Raptor Ltd., Raptor L.P.,
TAP, TGT, Tudor BVI and Upper Mill. The business address of each of TIC, Mr.
Jones, Raptor L.P., TAP and TGT is c/o Tudor Investment Corporation, 600
Steamboat Road, Greenwich, Connecticut 06830. The business address of each of
Raptor Ltd., Tudor BVI and Upper Mill is c/o Curacao International Trust Company
N.V., Kaya Flamboyan 9, Curacao, Netherlands Antilles.
TIC is an international money management firm that provides investment
advice to Raptor Ltd., Raptor L.P., Tudor BVI and Upper Mill, among others.
Mr. Jones' principal employment is as Chairman and Chief Executive
Officer of TIC of which he owns a majority of the capital stock and voting
securities.
- ---------------
/*/ For purposes of this Statement on Schedule 13D the Reporting Persons have
filed as a "group". Nevertheless, the Reporting Persons hereby disclaim that
they are members of a "group" for purposes of Section 13(d) of the Securities
Exchange Act of 1934 or for any other purpose.
Page 10
<PAGE>
Each of Raptor Ltd., Raptor L.P., TAP, Tudor BVI and Upper Mill is an
investment fund which principally invests in debt, equity, derivative securities
and other financial instruments for the benefit of the holders of its
partnership, stock and other capital securities.
TGT is the sole general partner of TAP.
The name, residence or business address, present principal occupation
or employment, the name, principal business and address of any corporation or
other organization in which such employment is conducted and the citizenship of
each natural person that is a director or executive officer of TIC, TGT, Raptor
Ltd., Tudor BVI or Upper Mill is set forth on Schedule I hereto and is
incorporated by reference herein. TIC is the sole general partner of Raptor
L.P. TGT is the sole limited partner of TAP.
During the last five years, none of the Reporting Persons, or to the
best knowledge and belief of the Reporting Persons, any of the individuals
listed on Schedule I hereto, has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or has been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
as a result of which any Reporting Person or any person listed on Schedule I was
or is subject to a judgment, decree or final order enjoining future violations
of, or prohibiting activities subject to, federal or state securities laws or
finding any violation of such law, except as follows:
On September 12, 1996, TIC settled a proceeding with the Securities
and Exchange Commission (the "SEC") relating to alleged violations of the
"uptick rule" in connection with certain sales of stock over a two day period in
March 1994. Without admitting or denying the SEC's findings, TIC paid a civil
penalty of $800,000, and agreed not to violate the uptick rule in the future.
Except as set forth in this Schedule 13D, none of the Reporting
Persons currently has any plans or proposals which relate to or would result in
any of the transactions, actions or events enumerated in paragraphs (a) through
(j) of the instructions to Item 4 of Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
The shares of Common Stock beneficially owned by each of Raptor Ltd.,
Raptor L.P., TAP, Tudor BVI and Upper Mill were acquired in open market
purchases for cash. The sources of the funds used to purchase the shares of
Common Stock by each of the Reporting Persons were (i) capital contributions to
such Reporting Person, (ii) the proceeds of transactions with respect
Page 11
<PAGE>
to prior investments held by such Reporting Persons and (iii) cash borrowed
pursuant to margin loans with Morgan Stanley & Co. Incorporated, which margin
loans are secured by all of the shares of Common Stock.
Item 4. Purpose of Transaction.
----------------------
Each of Raptor Ltd., Raptor L.P., TAP, Tudor BVI and Upper Mill
initially acquired the Common Stock beneficially owned by such Reporting Person
for investment purposes. Each of such Reporting Persons intends to continue to
evaluate their respective investments in Common Stock based on the Company's
financial condition, results of operations and prospects as well as other then
existing or anticipated facts and circumstances including general economic,
market and other financial conditions. Accordingly, each of the Reporting
Persons reserves the right to change its plans and intentions with respect to
its investment in securities of the Company at any time, as it deems
appropriate. In particular, each of the Reporting Persons may at any time and
from time to time (i) acquire additional shares of Common Stock, (ii) dispose of
Common Stock, or (iii) enter into privately negotiated derivative transactions
with institutional counterparties to hedge the market risk of some or all of its
positions in the Common Stock. There can be no assurance that any Reporting
Person will increase or decrease its investment in the Company or as to the
number of shares of Common Stock or derivative securities that may be bought or
sold in any such transactions.
Except as set forth in this Schedule 13D, none of the Reporting
Persons currently has any plans or proposals which relate to or would result in
any of the transactions, actions or events enumerated in paragraphs (a) through
(j) of the instructions to Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
------------------------------------
Attached hereto as Schedule II is a list of the transactions by each
of the Reporting Persons in Common Stock within the past sixty days.
Because TIC is the sole general partner of Raptor L.P. and provides
investment advisory services to Raptor Ltd., Raptor L.P., Tudor BVI and Upper
Mill, TIC may be deemed to beneficially own the shares of Common Stock owned by
each of such Reporting Persons. TGT, as the sole general partner of TAP, may be
deemed to beneficially own the shares of Common Stock owned by TAP. In
addition, because Mr. Jones owns a majority of the capital stock and voting
securities of TIC and indirectly owns a majority of the equity interests in TGT,
Mr. Jones may be deemed to beneficially
Page 12
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own the shares of Common Stock deemed beneficially owned by TIC and TGT.
Based on the information contained in the Company's Form 10-K for the
year ended December 31, 1996 that there are 9,755,062 shares of Common Stock
issued and outstanding as of March 12, 1997, each Reporting Person beneficially
owns (or, with respect to TIC, Mr. Jones and TGT, may be deemed to beneficially
own) the number and percentage of outstanding shares of Common Stock listed in
the responses to Items 11 and 13, respectively, of the cover page filed herewith
for such Reporting Person. In addition, the number of shares of Common Stock
beneficially owned (or, with respect to TIC, Mr. Jones and TGT, which may be
deemed beneficially owned) by each Reporting Person with respect to which such
Reporting Person (i) has sole voting power, (ii) shares voting power, (iii) has
sole dispositive power and (iv) shares dispositive power are listed in the
responses to Items 7, 8, 9 and 10, respectively, of the cover page filed
herewith for such Reporting Person. The voting and dispositive power is
reported as shared because each of the Reporting Persons (other than TIC and Mr.
Jones) has the power to remove TIC as its investment advisor or general partner.
Each of the Reporting Persons (other than TIC and Mr. Jones) expressly disclaim
beneficial ownership of the shares of Common Stock beneficially owned by any
other Reporting Person and each of TIC, Mr. Jones and TGT disclaim beneficial
ownership of the Common Stock beneficially owned by Raptor Ltd., Raptor L.P.,
TAP, Tudor BVI, Upper Mill and, in the case of TIC and Mr. Jones, TGT.
Item 6. Contracts, Arrangements, Understandings
or Relationships with Respect to Securities
of the Issuer
------------- ---
None.
Item 7. Material to Be Filed as Exhibits
--------------------------------
(1) Joint Filing Agreement
Page 13
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Schedule 13D is true, complete
and correct.
Dated: May 16, 1997
TUDOR INVESTMENT CORPORATION
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
\s\ Paul Tudor Jones, II
--------------------------
Paul Tudor Jones, II
THE RAPTOR GLOBAL FUND LTD.
By: TUDOR INVESTMENT CORPORATION,
Trading Advisor
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
THE RAPTOR GLOBAL FUND L.P.
By: TUDOR INVESTMENT CORPORATION,
General Partner
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 14
<PAGE>
TUDOR ARBITRAGE PARTNERS L.P.
By: TUDOR GLOBAL TRADING LLC,
General Partner
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR GLOBAL TRADING LLC
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR BVI FUTURES, LTD.
By: TUDOR INVESTMENT CORPORATION,
Trading Advisor
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
THE UPPER MILL CAPITAL
APPRECIATION FUND LTD.
By: TUDOR INVESTMENT CORPORATION,
Sub-Investment Manager
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 15
<PAGE>
Schedule I
EXECUTIVE OFFICERS AND DIRECTORS
OF THE REPORTING PERSONS
I. TIC
The name, residence or business address, present principal occupation
or employment, the name, principal business and address of any corporation or
other organization in which such employment is conducted and the citizenship of
each executive officer or director of TIC is set forth below. Unless otherwise
indicated (i) the principal occupation or employment of such person is as an
executive officer or director of TIC, (ii) the business address of such person
is c/o TIC at the address of TIC set forth under Item 2 of this Schedule 13D,
(iii) such person is a citizen of the United States and (iv) to the knowledge of
the Reporting Persons, such person does not beneficially own and has not had any
transactions in the Common Stock.
Principal Occupation/
Name Business Address
- ---- -----------------------------
Paul Tudor Jones, II/*/ Chairman of the Board of Directors, Chief Executive
Officer of TIC.
Mark F. Dalton Director, President and Chief Operating Officer of TIC.
James J. Pallotta Director and Vice President of TIC.
Mark A. Heffernan Director of TIC. Mr. Heffernan trades in
Citizen of United securities and other financial instruments
Kingdom for Tudor Proprietary Trading L.L.C. and certain
investment funds advised by Tudor Capital (U.K.), L.P.,
both of which are located at The Upper Mill, Kingston
Road, Ewell, Surrey KT17 2AF, England.
Andrew S. Paul Director, Vice President, General Counsel and Corporate
Secretary of TIC.
Richard L. Fisher Director of TIC. Mr. Fisher is Vice President of
Investments and Acquisitions and a Managing Director of
Dunavant Enterprises, Inc., 3797 Getwell Road, Memphis,
TN 38118.
Mark Pickard Vice President and Chief Financial Officer of TIC.
- ------------
/*/ See Item 5 of this Schedule 13D for a discussion of Mr. Jones' potential
beneficial ownership of Common Stock.
Page 16
<PAGE>
II. RAPTOR LTD.
The name, residence or business address, present principal occupation
or employment, the name, principal business and address of any corporation or
other organization in which such employment is conducted and the citizenship of
each executive officer or director of Raptor Ltd. is set forth below. Unless
otherwise indicated (i) the principal occupation or employment of such person is
as set forth below, (ii) the business address of such person is c/o Inter
Caribbean Services Ltd., (iii) such person is a citizen of the country set forth
below and (iv) to the knowledge of the Reporting Persons, such person does not
beneficially own and has not had any transactions in the Common Stock.
Principal Occupation/
Name Business Address
- ---- -------------------------------
Inter Caribbean Services Ltd. Director of Raptor Ltd. The principal place of
Incorporated in British business of Inter Caribbean Services Ltd. is
Virgin Islands c/o Curacao International Trust Company N.V.
("CITCO"), Kaya Flamboyan 9, Netherlands
Antilles.
Bernard A. Loze Director of Raptor Ltd. Chairman and Chief
Citizen of France Executive Officer of Loze et Associe, 43, Avenue
Marceau, Paris 75116, France, which is a
consulting firm that provides financial and
investment advice to international clients.
Arpad A. Busson Director of Raptor Ltd. Chairman of European
Citizen of France Investment Managers, c/o Harney, Westwood &
Riegels, P.O. Box 71, Road Town, Tortola, British
Virgin Islands, which is a consulting and money
management firm.
Jean-Pierre Jacquemoud Director of Raptor Ltd. Attorney, Jacquemoud &
Citizen of Switzerland Stanislas, 2, rue Bellow, Geneva 1206,
Switzerland.
Page 17
<PAGE>
III. TUDOR GLOBAL TRADING LLC
The name and present principal occupation or employment of each
executive officer of TGT is set forth below. Each of such persons holds
identical titles for TIC and TGT. The business address of such person is c/o
TIC at the address of TIC set forth under Item 2 of this Schedule 13D, each such
person is a citizen of the United States and to the knowledge of the Reporting
Persons, such person does not beneficially own and has not had any transactions
in the Common Stock.
Name Principal Occupation
- ---- ---------------------------------------
Paul Tudor Jones, II/*/ Chairman of the Board of Directors, Chief Executive
Officer of TIC.
Mark F. Dalton Director, President and Chief Operating Officer of TIC.
James J. Pallotta Director and Vice President of TIC.
Andrew S. Paul Director, Vice President, General Counsel and Corporate
Secretary of TIC.
Mark Pickard Vice President and Chief Financial Officer of TIC.
- --------------
/*/ See Item 5 of this Schedule 13D for a discussion of Mr. Jones' potential
beneficial ownership of Common Stock.
Page 18
<PAGE>
IV. TUDOR BVI
The name, residence or business address, present principal occupation
or employment, the name, principal business and address of any corporation or
other organization in which such employment is conducted and the citizenship of
each executive officer or director of Tudor BVI is set forth below. To the
knowledge of the Reporting Persons, the below listed persons neither currently
beneficially own nor have had any transactions in the Common Stock.
Principal Occupation/
Name Business Address
- ---- -------------------------------
Inter Caribbean Services Ltd. Director of Tudor BVI. See information under
Raptor Ltd.
David P. d'Abrumenil Director of Tudor BVI.
Citizen of United Kingdom Chairman, Lionspring Enterprises Limited, 36 John
Street, London WC1N 2AT, England, which is a
financial consulting firm.
Jean-Pierre Jacquemoud Director of Tudor BVI. See information under
Citizen of Switzerland Raptor Ltd.
Bernard A. Loze Director of Tudor BVI. See information under
Raptor Ltd.
Arpad A. Busson Director of Tudor BVI. See information under
Raptor Ltd.
Karl-Erbo G. Kageneck Director of Tudor BVI. Attorney, King & Spalding,
120 West 45th Street, New York, New York 10036.
Page 19
<PAGE>
V. THE UPPER MILL CAPITAL APPRECIATION FUND LTD.
The name, residence or business address, present principal occupation
or employment, the name, principal business and address of any corporation or
other organization in which such employment is conducted and the citizenship of
each executive officer or director of Tudor BVI is set forth below. To the
knowledge of the Reporting Persons, the below listed persons neither currently
beneficially own nor have had any transactions in the Common Stock.
Principal Occupation/
Name Business Address
- ---- -------------------------------
Inter Caribbean Services Ltd. Director of Upper Mill. See information under
Raptor Ltd.
Jean-Pierre Jacquemoud Director of Upper Mill. See information under
Citizen of Switzerland Raptor Ltd.
Arpad A. Busson Director of Upper Mill. See information under
Raptor Ltd.
Karl-Erbo G. Kageneck Director of Upper Mill. See information under
Tudor BVI.
Anthony J. Stocks Director of Upper Mill. Managing Director,
Curacao International Trust Company N.V., Kaya
Flamboyan 9, Curacao, Netherlands Antilles, which
provides administrative and other services to
investment funds.
Page 20
<PAGE>
Schedule II
TRANSACTIONS
All shares of Common Stock were purchased or sold in open market
transactions for cash.
Tudor BVI
- -------------
Date Transaction # Shares $/Share
- ------------- --------------- ------------ -----------
4/24/97 Purchase 4,200 $3.750
4/25/97 Purchase 1,400 $3.750
5/8/97 Purchase 7,800 $4.250
Total Common Stock beneficially owned as of the date this
Schedule 13D: 193,000
Raptor L.P.
- -------------
Date Transaction # Shares $/Share
- ------------- --------------- ------------ -----------
4/24/97 Purchase 1,700 $3.750
4/25/97 Purchase 600 $3.750
5/8/97 Purchase 3,200 $4.250
Total Common Stock beneficially owned as of the date of this Schedule 13D:
77,700
TAP
- -------------
Date Transaction # Shares $/Share
- ------------- --------------- ------------ -----------
4/24/97 Purchase 500 $3.750
4/25/97 Purchase 200 $3.750
4/28/97 Purchase 3,600 $3.875
5/8/97 Purchase 900 $4.250
Total Common Stock beneficially owned as of the date of this Schedule 13D:
27,700
Raptor Ltd.
- -------------
Date Transaction # Shares $/Share
- ------------- --------------- ------------ -----------
4/24/97 Purchase 4,300 $3.750
4/25/97 Purchase 1,500 $3.750
5/8/97 Purchase 8,100 $4.250
Total Common Stock beneficially owned as of the date of this Schedule 13D:
174,700
Page 21
<PAGE>
Upper Mill
- -------------
Date Transaction # Shares $/Share
- ------------- --------------- ------------ -----------
4/28/97 Purchase 6,400 $3.875
Total Common Stock beneficially owned as of the date of this Schedule 13D:
14,900
Page 22
<PAGE>
EXHIBIT INDEX
- -------------
Exhibit No. Description
- ----------- ----------------------
(1) Joint Filing Statement
Page 23
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(f) of the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree to the joint filing of the Schedule 13D
and any amendments thereto, relating to the Common Stock, par value $.01 per
share, of Harris Computer Systems Corporation and the inclusion of this Joint
Filing Agreement as an Exhibit to such Joint Filings. Each party to this Joint
Filing Agreement expressly authorizes each other party to file on its behalf any
and all amendments to such Statement. This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original, and all of
which shall constitute one and the same instrument.
Dated: May 16, 1997
TUDOR INVESTMENT CORPORATION
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
\s\ Paul Tudor Jones, II
--------------------------
Paul Tudor Jones, II
THE RAPTOR GLOBAL FUND LTD.
By: TUDOR INVESTMENT CORPORATION,
Trading Advisor
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 24
<PAGE>
THE RAPTOR GLOBAL FUND L.P.
By: TUDOR INVESTMENT CORPORATION,
General Partner
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR ARBITRAGE PARTNERS L.P.
By: TUDOR GLOBAL TRADING LLC,
General Partner
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR GLOBAL TRADING LLC
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
TUDOR BVI FUTURES, LTD.
By: TUDOR INVESTMENT CORPORATION,
Trading Advisor
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 25
<PAGE>
THE UPPER MILL CAPITAL
APPRECIATION FUND LTD.
By: TUDOR INVESTMENT CORPORATION,
Sub-Investment Manager
By: \s\ Andrew S. Paul
--------------------
Name: Andrew S. Paul
Title: Vice President &
General Counsel
Page 26
