<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
CREATIVE COMPUTER, INC.
(Name of Issuer)
Common Stock, Par Value, $0.001 Per Share
(Title of Class of Securities)
22527E107
(CUSIP Number)
Stephen M. Davis, Esq.
Werbel & Carnelutti
A Professional Corporation
711 Fifth Avenue, New York, New York 10022, (212) 832-8300
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 12, 1996
(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 13-d-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 purposes 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 12
<PAGE>
<PAGE>
AMENDMENT NO. 1 TO SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 22527E107 Page 2 of 12 Pages
- ------------------- ------------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
The SC Fundamental Value Fund, L.P.
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/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
- -----------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------------------
8 SHARED VOTING POWER
480,550
- -----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
480,550
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
480,550
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.92%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
AMENDMENT NO. 1 TO SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 22527E107 Page 3 of 12 Pages
- ------------------- -----------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
SC Fundamental Value BVI, Inc.
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC/00
- -----------------------------------------------------------------------------
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
- ------------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- ------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------------------
8 SHARED VOTING POWER
215,875
- -----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
215,875
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
215,875
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.21%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
AMENDMENT NO. 1 TO SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 22527E107 Page 4 of 12 Pages
- ------------------- -----------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
SC Fundamental Inc.
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -----------------------------------------------------------------------------
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
- -----------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------------------
8 SHARED VOTING POWER
480,550
- -----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
480,550
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
480,550
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.92%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
AMENDMENT NO. 1 TO SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 22527E107 Page 5 of 12 Pages
- ------------------- -----------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Gary N. Siegler
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -----------------------------------------------------------------------------
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
- -----------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------------------
8 SHARED VOTING POWER
696,425
- -----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
696,425
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
696,425
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.13%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)<PAGE>
<PAGE>
AMENDMENT NO. 1 TO SCHEDULE 13D
- ------------------- -----------------
CUSIP No. 22527E107 Page 6 of 12 Pages
- ------------------- -----------------
==============================================================================
1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Peter M. Collery
- -----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- -----------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- -----------------------------------------------------------------------------
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
- -----------------------------------------------------------------------------
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
- -----------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- -----------------------------------------------------------------------------
8 SHARED VOTING POWER
696,425
- -----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- -----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
696,425
- -----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
696,425
- -----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- -----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.13%
- -----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
==============================================================================
*SEE INSTRUCTIONS BELOW BEFORE FILLING OUT!
SEC 1746 (9-88)
<PAGE>
<PAGE> Page 7 of 12 Pages
AMENDMENT NO. 1 TO SCHEDULE 13D
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on September 20, 1996, the
Reporting Persons, by virtue of the language of Rule 13d-3(d)(1)(i), may be
deemed to own beneficially in the aggregate the number and percentage of the
Issuer's Common Stock set forth opposite their names below (based upon the
number of Shares that were reported to be outstanding by the Issuer).
<PAGE>
<PAGE> Page 8 of 12 Pages
<TABLE>
<CAPTION>
==============================================================================
Name Shares of Common Stock Percentage
- -----------------------------------------------------------------------------
<S> <C> <C>
SC Fundamental Inc.(1) 480,550 4.92%
- -----------------------------------------------------------------------------
The SC Fundamental
Value Fund, L.P. 480,550 4.92%
- -----------------------------------------------------------------------------
SC Fundamental Value
BVI, Inc. 215,875 2.21%
- -----------------------------------------------------------------------------
Gary N. Siegler 696,425 7.13%
- -----------------------------------------------------------------------------
Peter M. Collery 696,425 7,13%
==============================================================================
</TABLE>
(c)The following table sets forth the transactions effected by each of the
Reporting Persons listed in Item 5(a) during the past sixty days. Unless
marked with an *, each of the transactions set forth below reflects a purchase
effected on the Nasdaq Stock Market.
<TABLE>
<CAPTION>
BVI, Inc.
Price Per on behalf
Trade Date Share ($) Fund of BVI Ltd. Siegler Collery
- ------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
5/31/96 9.875 2,000 1,000 0 0
- ------------------------------------------------------------------------------
6/5/96 10.375 150* 50* 0 0
- -----------------------------------------------------------------------------
6/6/96 9.270 34,000* 15,400* 0 0
- -----------------------------------------------------------------------------
6/10/96 8.760 16,700* 7,500* 0 0
- ----------------------------------------------------------------------------
6/13/96 8.250 11,100 5,100* 0 0
- -----------------------------------------------------------------------------
6/28/96 8.125 350 150 0 0
- -----------------------------------------------------------------------------
7/18/96 5.525 17,200 7,800 0 0
- -----------------------------------------------------------------------------
7/18/96 5.625 700 300 0 0
<PAGE>
<PAGE> Page 9 of 12 Pages
7/18/96 6.0 3,100 1,400 0 0
- ------------------------------------------------------------------------------
7/31/96 5.7 1,300 700 0 0
- -----------------------------------------------------------------------------
7/31/96 5.750 2,000 1,000 0 0
- -----------------------------------------------------------------------------
8/2/96 5.875 600 300 0 0
- -----------------------------------------------------------------------------
8/2/96 6.139 6,200 2,800 0 0
- -----------------------------------------------------------------------------
8/2/96 6.738 6,900 3,100 0 0
- -----------------------------------------------------------------------------
8/7/96 6.125 6,900 3,100 0 0
- -----------------------------------------------------------------------------
8/20/96 7.175 700 300 0 0
- -----------------------------------------------------------------------------
8/21/96 7.750 700 300 0 0
- -----------------------------------------------------------------------------
8/22/96 8.375 3,400 1,600 0 0
- -----------------------------------------------------------------------------
8/22/96 8.016 27,600* 12,400* 0 0
- -----------------------------------------------------------------------------
8/22/96 8.017 20,000* 9,000* 0 0
- -----------------------------------------------------------------------------
8/30/96 8.375 350 150 0 0
- -----------------------------------------------------------------------------
9/12/96 8.313 33,800* 15,200* 0 0
- -----------------------------------------------------------------------------
9/13/96 8.375 48,300* 21,700* 0 0
- -----------------------------------------------------------------------------
9/16/96 9.1250 6,900 3,100 0 0
- -----------------------------------------------------------------------------
<PAGE> Page 10 of 12 Pages
9/18/96 9.125 3,400* 1,600* 0 0
- -----------------------------------------------------------------------------
9/19/96 9.125 23,200* 11,800* 0 0
- -----------------------------------------------------------------------------
9/19/96 9.125 18,300* 4,700* 0 0
- -----------------------------------------------------------------------------
9/20/96 9.829 9,300* 4,200* 0 0
- -----------------------------------------------------------------------------
9/20/96 10.000 6,900* 3,100* 0 0
- -----------------------------------------------------------------------------
<FN>
- ------------
</TABLE>
<PAGE>
<PAGE> Page 11 of 12 Pages
(d) To the best of Reporting Persons' knowledge, except as set forth
herein, no other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, any shares of
Common Stock which Reporting Persons may be deemed to own beneficially.
(e) Not applicable.
<PAGE>
<PAGE> Page 12 of 12
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
Dated: September 20, 1996
SC FUNDAMENTAL INC.
By: /s/ Peter M. Collery
- ---------------------------------
Peter M. Collery
Vice President
THE SC FUNDAMENTAL VALUE FUND, L.P.
By: SC FUNDAMENTAL INC.
By: /s/ Peter M. Collery
- ----------------------------------
Peter M. Collery
Vice President*
SC FUNDAMENTAL VALUE BVI, INC.
By: /s/ Peter M. Collery
- ----------------------------------
Peter M. Collery
Vice President*
/s/ Gary N. Siegler
- ---------------------------------
Gary N. Siegler*
/s/ Peter M. Collery
- ---------------------------------
Peter M. Collery*
81634
