SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Savitz Jonathan

(Last) (First) (Middle)
4 MANHATTANVILLE ROAD
SUITE 201

(Street)
PURCHASE NY 10577

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/16/2005
3. Issuer Name and Ticker or Trading Symbol
DDI CORP [ DDI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 13,041,174 I See Footnote(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Standby Commitment Fee Warrants (2) 07/31/2006 Common Stock 1,611,404 $0.75 I See Footnote(2)
Explanation of Responses:
1. Jonathan Savitz is (i) the senior managing member of a limited liability company which is the sole general partner of Greywolf Capital Partners II LP ("Greywolf LP"), and (ii) the managing member of a limited liability company which is the sole general partner of the investment manager (the "Investment Manager") for Greywolf Capital Overseas Fund ("Greywolf Overseas"). The Investment Manager exercises investment discretion and control over the securities held by Greywolf Capital Overseas. The securities reflected in this filing are held by Greywolf LP and Greywolf Overseas.
2. The Standby Commitment Fee Warrants are exercisable as of the date of the original issuance until their expiration on July 31, 2006.
Remarks:
The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person or any joint filer is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose.
/s/ Jonathan Savitz, individually, and as Sr. Managing Member of the general partner of Greywolf Capital Partners II LP and as Managing Member of the general partner of the investmt manager of Greywolf Capital Overseas Fund. Greywolf Capital Management LP 09/26/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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