<PAGE>
OMB APPROVAL
-----------------
OMB NUMBER: 3235-0145
EXPIRES: DECEMBER 31, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE...14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
SQA, Inc.
---------
(Name of Issuer)
Common Stock, $.01 par value
----------------------------
(Title of Class of Securities)
784637100
---------
(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 10 Pages
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CUSIP NO. 78463710 13G PAGE 2 OF 10 Pages
- ------------------------ -------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Aegis II Limited Partnership
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 109,090
----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
109,090
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
109,090
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES* [_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.35%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 10 pages
<PAGE>
CUSIP NO. 78463710 13G PAGE 3 OF 10 Pages
- ------------------------ -------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Aegis Select Limited Partnership
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF
----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 109,090
----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
109,090
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
109,090
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.35%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 10 pages
<PAGE>
CUSIP NO. 78463710 13G PAGE 4 OF 10 Pages
- ------------------------ -------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Ted R. Dintersmith
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
14,642
NUMBER OF
----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 109,090
----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 14,642
----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
109,090
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
123,732
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [_]
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.53%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 10 pages
<PAGE>
CUSIP NO. 78463710 13G PAGE 5 OF 10 Pages
- ------------------------ -------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1 Walter Levison
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
15,513
NUMBER OF
----------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 109,090
----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 15,513
----------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
109,090
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
124,603
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.54%
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 10 pages
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Item 1(a). Name of Issuer: SQA, Inc.
--------------
Item 1(b). Address of Issuer's Principal Executive Offices: One
-----------------------------------------------
Burlington Woods Drive, Burlington, MA 01803
Item 2(a) Item 2(b) Item 2(c)
- --------------------------- ------------------- ---------------------
Citizenship or Place
Name of Person Filing Address of Organization
- --------------------------- ------------------- ---------------------
Aegis II Limited 38 Sydney Street Delaware
Partnership ("Aegis II") Cambridge, MA 02139
a Delaware limited
partnership
Aegis Select Limited 38 Sydney Street Delaware
Partnership ("Aegis Cambridge, MA 02139
Select"), a Delaware
limited partnership
Ted R. Dintersmith and 38 Sydney Street United States
Walter Levison Cambridge, MA 02139
(the "General
Partners"), general
partners of Aegis II
and Aegis Select
Item 2(d). Title of Class of Securities: Common Stock, $.01 par value.
----------------------------
Item 2(e). CUSIP Number: 784637100
------------
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
---------------------------------------------------------
13d-2(b), check whether the person filing is a:
-----------------------------------------------
(a) [ ] Broker or Dealer registered under Section 15
of the Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19)
of the Act.
(d) [ ] Investment Company registered under Section 8 of
the Investment Company Act of 1940.
(e) [ ] Investment Adviser registered under Section 203
of the Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see Rule 13d-
1(b)(1)(ii)(F) of the Act.
(g) [ ] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of
the Act.
None of the above.
Item 4. Ownership.
---------
(a) Amount Beneficially Owned:
Page 6 of 10 pages
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Each of Aegis II and Aegis Select may be deemed to own
beneficially 109,090 shares of Common Stock as of December 31,
1996. Mr. Dintersmith may be deemed to own beneficially 123,732
shares of Common Stock as of December 31, 1996. Mr. Levison may
be deemed to own beneficially 124,603 shares of Common Stock as
of December 31, 1996.
Aegis II is the record owner of 43,636 shares (the "Aegis II
Shares") of Common Stock. Aegis Select is the record owner of
65,454 shares (the "Aegis Select Shares") of Common Stock.
Because Aegis II and Aegis Select are so-called "sibling" funds
controlled by the same general partners, Aegis II and Aegis
Select may be deemed to share beneficial ownership of each
other's shares. Aegis II and Aegis Select each disclaim
beneficial ownership of shares owned of record by the other. In
their capacities as individual general partners of Aegis II and
Aegis Select, each of the General Partners may be deemed to share
beneficial ownership of the Aegis II Shares and the Aegis Select
Shares. The General Partners disclaim beneficial ownership of the
Aegis II Shares and the Aegis Select Shares except to the extent
of their proportionate pecuniary interest therein.
(b) Percent of Class:
Aegis II: 1.35%; Aegis Select: 1.35%; Mr. Dintersmith: 1.53%; and
Mr. Levison: 1.54%. The foregoing percentages are calculated
based on the 8,111,480 shares of Common Stock outstanding on
December 31, 1996.
(c) Number of shares as to which each such person has:
(i) Aegis II and Aegis Select have sole power to vote or direct
the vote of -0- shares of Common Stock. Mr. Dintersmith has
sole power to vote or direct the vote of 14,642 shares of
Common Stock. Mr. Levison has sole power to vote or direct
the vote of 15,513 shares of Common Stock.
(ii) Aegis II, Aegis Select and the General Partners have shared
power to vote or to direct the vote of 109,090 shares of
Common Stock.
(iii) Aegis II and Aegis Select have sole power to dispose or to
direct the disposition of -0- shares of Common Stock. Mr.
Dintersmith has sole power to dispose or to direct the
disposition of 14,642 shares of Common Stock. Mr. Levison
has sole power to dispose or to direct the disposition of
15,513 shares of Common Stock.
(iv) Aegis II, Aegis Select and each of the General Partners
have shared power to dispose or to direct the disposition
of 109,090 shares of Common Stock.
Item 5. Ownership of Five Percent or Less of a Class.
--------------------------------------------
The Reporting Person is no longer a holder of five percent or more of
Common Stock of Issuer.
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.
Page 7 of 10 pages
<PAGE>
Item 8. Identification and Classification of Members of the Group.
---------------------------------------------------------
Not applicable. Aegis II, Aegis Select and each of the General
Partners expressly disclaim membership in a "group" and are not filing
this schedule pursuant to Rule 13d-1(b)(ii)(H).
Item 9. Notice of Dissolution of Group.
------------------------------
Not applicable.
Item 10. Certification.
-------------
Not applicable. This statement on Schedule 13G is not filed pursuant
to Rule 13d-1(b).
Page 8 of 10 pages
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best of his or its knowledge and
belief, each of the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Dated: February 7, 1997
AEGIS II LIMITED PARTNERSHIP
By: /s/ Ted R. Dintersmith
----------------------
General Partner
AEGIS SELECT LIMITED PARTNERSHIP
By: /s/ Ted R. Dintersmith
----------------------
General Partner
/s/ Ted R. Dintersmith
----------------------
Ted R. Dintersmith
/s/ Walter Levison
------------------
Walter Levison
Page 9 of 10 pages
<PAGE>
Exhibit 1
AGREEMENT
---------
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of
1934, the undersigned hereby agree that only one statement containing the
information required by Schedule 13G need be filed on behalf of all of the
undersigned with respect to the ownership of shares of Common Stock of SQA,
Inc. by Aegis II Limited Partnership and Aegis Select Limited Partnership.
This agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
EXECUTED as a sealed instrument this 7th day of February, 1997.
AEGIS II LIMITED PARTNERSHIP
By: /s/ Ted R. Dintersmith
----------------------
General Partner
AEGIS SELECT LIMITED PARTNERSHIP
By: /s/ Ted R. Dintersmith
----------------------
General Partner
/s/ Ted R. Dintersmith
----------------------
Ted R. Dintersmith
/s/ Walter Levison
------------------
Walter Levison
Page 10 of 10 pages
