-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O/0D1qOL7pphaznGXoJDtIhsrqtaNxuPIXWbLRALlSg2C9JOUy5k0LevevN4zbwe 7mIPyS/l0UiEQTZogwO91g== /in/edgar/work/0000950168-00-002455/0000950168-00-002455.txt : 20001116 0000950168-00-002455.hdr.sgml : 20001116 ACCESSION NUMBER: 0000950168-00-002455 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001115 GROUP MEMBERS: DEPRINCE RACE & ZOLLO INC GROUP MEMBERS: GREGORY M. DEPRINCE GROUP MEMBERS: JOHN D. RACE GROUP MEMBERS: VICTOR A. ZOLLO, JR. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HEALTHPLAN SERVICES CORP CENTRAL INDEX KEY: 0000942319 STANDARD INDUSTRIAL CLASSIFICATION: [6411 ] IRS NUMBER: 133787901 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-46553 FILM NUMBER: 769895 BUSINESS ADDRESS: STREET 1: 3501 FRONTAGE RD CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: 8132891000 MAIL ADDRESS: STREET 1: 3501 FRONTAGE RD CITY: TAMPA STATE: FL ZIP: 33607 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DEPRINCE RACE & ZOLLO INC CENTRAL INDEX KEY: 0001008894 STANDARD INDUSTRIAL CLASSIFICATION: [ ] IRS NUMBER: 593299598 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 201 S ORANGE AVENUE STREET 2: SUITE 850 CITY: ORLANDO STATE: FL ZIP: 32801 BUSINESS PHONE: 4074209903 MAIL ADDRESS: STREET 1: 201 ORANGE AVENUE STREET 2: SUITE 850 CITY: ORLANDO STATE: FL ZIP: 32801 SC 13D 1 0001.txt SCHEDULE 13D Page 1 of 9 Pages United States Securities and Exchange Commission Washington, D.C. 20549 Schedule 13D Under the Securities Exchange Act of 1934 (Amendment No. __________) * HealthPlan Services Corporation ------------------------------- (Name of Issuer) Common Stock ------------ (Title of Class of Securities) 421959107 --------- (CUSIP Number) John D. Race, DePrince, Race & Zollo, Inc. 201 S. Orange Ave., Suite 850 Orlando, FL 32801 407-420-9903 ------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices & Communications) October 26, 2000 (Date of Event which requires Filing of this Statement) If the filing person has previously filed a statement on Schedule G to report the acquisition which is the subject of this Section 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting persons' 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 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). CUSIP No. 421959107 Schedule 13D Page 2 of 9 Pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DePrince, Race & Zollo, Inc. 59-3299598 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - Funds of Investment Advisory Clients - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(C) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Incorporated in the State of Florida - ------------------------------ ------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES None BENEFICIALLY ------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 4,580,100 REPORTING ------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH None - ------------------------------ ------------------------------------------------- 10. SHARED DISPOSITIVE POWER 4,580,100 - ------------------------------ ------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,580,100 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.49% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- CUSIP No. 421959107 Schedule 13D (continued) Page 3 of 9 Pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Gregory M. DePrince - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO, PF - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(C) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 31,300 BENEFICIALLY ------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 4,580,100 REPORTING ------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH 31,300 ------------------------------------------------- 10. SHARED DISPOSITIVE POWER 4,580,100 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,611,400 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.72% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- CUSIP No. 421959107 Schedule 13D (continued) Page 4 of 9 Pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON John D. Race - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO, PF - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(C) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - ------------------------------ ------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 167,700 BENEFICIALLY ------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 4,580,100 REPORTING ------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH 167,700 ------------------------------------------------- 10. SHARED DISPOSITIVE POWER 4,580,100 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,747,800 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 34.72% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- CUSIP No. 421959107 Schedule 13D (continued) Page 5 of 9 Pages 1. NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Victor A. Zollo, Jr. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO, PF - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(C) OR 2(E) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 66,580 BENEFICIALLY ------------------------------------------------- OWNED BY 8. SHARED VOTING POWER EACH 4,580,100 REPORTING ------------------------------------------------- PERSON 9. SOLE DISPOSITIVE POWER WITH 66,580 ------------------------------------------------- 10. SHARED DISPOSITIVE POWER 4,580,100 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,646,680 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 33.98% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 6 of 9 Item 1. Security and Issuer (a) Name of Issuer: HealthPlan Services Corporation (b) Address of Issuer's Principal Executive Offices: 3501 Frontage Road Tampa, FL 33607 (c) Title and Class of Securities: Common Stock Item 2. Identity and Background (a) Name: DePrince, Race & Zollo, Inc. ("DRZ") Gregory M. DePrince John D. Race Victor A. Zollo, Jr. (b) Business Address: 201 South Orange Ave., Suite 850 Orlando, FL 32801 (c) Present Principal Employment: DRZ: Registered Investment adviser Gregory M. DePrince: Executive Vice President of DRZ John D. Race: Executive Vice President of DRZ Victor A. Zollo, Jr.: President of DRZ 201 South Orange Ave. Suite 850 Orlando, FL 32801 (d) Record of Convictions: During the last five years, Filing Persons were not convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors.) (e) Record of Civil Proceedings: During the last five years, Filing Persons were not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating such activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Citizenship: DRZ is a Florida corporation. Gregory M. DePrince, John D. Race, and Victor A. Zollo, Jr. are citizens of the United States. Page 7 of 9 Item 3. Source and Amount of Funds or Other Consideration Gregory M. DePrince ,Victor A. Zollo, Jr. and John D. Race all own shares of the Issuer in their individual capacity. DRZ directed the purchase of 4,560,100 shares of the Issuer for its investment advisory clients for an aggregate purchase price of $40,925,941. All of the shares were paid for by cash assets in the respective clients' accounts. In addition, DRZ directed the purchase of 20,000 shares of the Issuer for it Employee Profit Sharing Plan for an aggregate purchase price of $62,900. Item 4. Purpose of Transaction. The securities referred to herein were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the Issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes of effect. Filing Persons reserve the right to discuss management and other proposals with other persons The foregoing persons in the aggregate often own beneficially more than 5% of a class of equity securities of a particular issuer. Although one or more of the foregoing persons are treated as institutional investors for purposes of reporting their beneficial ownership on the short-form Schedule 13G, the holdings of those who do not qualify as institutional investors may exceed the 1% threshold presented for filing on Schedule 13G or implementation of their investment philosophy may from time to time require action which could be viewed as not completely passive. In order to avoid any question as to whether their beneficial ownership is being reported on the proper form and in order to provide greater investment flexibility and administrative uniformity, these persons have decided to file their beneficial ownership reports on the more detailed Schedule 13D form rather than on the short-form Schedule 13G and thereby to provide more expansive disclosure than is necessary. Effective October 10, 2000 John D. Race is a member of the Board of Directors of Issuer. Item 5. Interest in Securities of the Issuer (a) Amount and percentage beneficially owned: DRZ: 4,580,100 33.49* Gregory M. DePrince: 4,611,400 33.72* John D. Race: 4,747,800 34.72* Victor A. Zollo, Jr.: 4,646,680 33.98* * Disclaims beneficial ownership of these shares (b) Number of shares as to which such person has: (i) sole power to vote or direct the vote: DRZ: none Gregory M. DePrince: 31,300 John D. Race: 167,700 Victor A. Zollo, Jr.: 66,580 Page 8 of 9 (ii) shared power to vote or direct the vote: DRZ: 4,580,100 Gregory M. DePrince: 4,580,100 John D. Race: 4,580,100 Victor A. Zollo, Jr.: 4,580,100 (iii) sole power to dispose or to direct the disposition: DRZ: none Gregory M. DePrince: 31,300 John D. Race: 167,700 Victor A. Zollo, Jr.: 66,580 (iv) shared power to dispose or direct the disposition: DRZ: 4,580,100 Gregory M. DePrince: 4,580,100 John D. Race: 4,580,100 Victor A. Zollo, Jr.: 4,580,100 Reporting Persons may be deemed to share power to vote and dispose of shares referred to herein as a result of control relationships (Gregory M. DePrince, John D. Race and Victor A. Zollo, Jr. with respect to all of the DRZ shares) and pursuant to investment advisory relationships with advisory clients. The shares reported above for sole power are attributable to investments by Gregory M. DePrince, John D. Race and Victor A. Zollo, Jr. on their own behalf. Reporting Persons disclaim beneficial ownership of the shares for which they share power. (c) A schedule of transactions effected in the last sixty days is attached hereto. (d) Ownership of More than Five Percent on Behalf of Another Person: The investment advisory clients and Employee Benefit Plan have the right to receive the dividends from, or the proceeds from the sale of the securities in their respective accounts. To the best of Reporting Person's knowledge, other than the shares reported herein, no person has such interest relating to more than 5% of the outstanding class of securities. (e) Ownership of Less than Five Percent: Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer By virtue of their investment advisory agreements with their clients, DRZ have been given the discretion to dispose or direct the disposition of the securities in the advisory accounts. All such agreements are, however, revocable. All the advisory agreements are pursuant to a standard form. Item 7. Material to be Filed as Exhibits Exhibit A - 60 days of trading. Page 9 of 9 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. DePrince Race & Zollo, Inc. By: /s/ John D. Race -------------------------------------- John D. Race, Executive Vice President Gregory M. DePrince, Individually By: /s/ Gregory M. DePrince -------------------------------------- Gregory M. DePrince John D. Race, Individually By: /s/ John D. Race -------------------------------------- John D. Race Victor A. Zollo, Jr., Individually By: /s/ Victor A. Zollo, Jr. -------------------------------------- Victor A. Zollo, Jr. EXHIBIT A - 60 DAY TRANSACTION SUMMARY DEPRINCE, RACE & Zollo, INC. TRANSACTION MADE AS INVESTMENT ADVISOR ON BEHALF OF CLIENTS From 9-8-00 To 11-09-00
Tran Trade Trade Code Security Date Quantity Amount - ---- ------------------------- -------- --------------------------- purchase HEALTHPLAN SVCS CORP COM 9/8/00 9,500 37,162 purchase HEALTHPLAN SVCS CORP COM 9/11/00 9,700 41,110 purchase HEALTHPLAN SVCS CORP COM 9/12/00 10,000 42,641 purchase HEALTHPLAN SVCS CORP COM 9/13/00 20,000 87,837 purchase HEALTHPLAN SVCS CORP COM 9/14/00 100,000 445,091 purchase HEALTHPLAN SVCS CORP COM 9/15/00 20,000 89,395 purchase HEALTHPLAN SVCS CORP COM 9/22/00 10,000 43,875 purchase HEALTHPLAN SVCS CORP COM 9/25/00 7,000 31,256 purchase HEALTHPLAN SVCS CORP COM 9/26/00 4,000 17,200 purchase HEALTHPLAN SVCS CORP COM 9/27/00 8,000 33,795 purchase HEALTHPLAN SVCS CORP COM 9/28/00 36,600 168,187 purchase HEALTHPLAN SVCS CORP COM 9/29/00 39,500 214,585 purchase HEALTHPLAN SVCS CORP COM 10/2/00 28,800 142,556 purchase HEALTHPLAN SVCS CORP COM 10/3/00 30,000 169,946 purchase HEALTHPLAN SVCS CORP COM 10/4/00 20,000 115,781 purchase HEALTHPLAN SVCS CORP COM 10/5/00 10,000 60,196 purchase HEALTHPLAN SVCS CORP COM 10/6/00 20,000 118,469 purchase HEALTHPLAN SVCS CORP COM 10/9/00 26,800 161,068 purchase HEALTHPLAN SVCS CORP COM 10/26/00 160,000 1,084,803 purchase HEALTHPLAN SVCS CORP COM 10/27/00 20,000 141,000 purchase HEALTHPLAN SVCS CORP COM 10/30/00 84,000 597,411 sale HEALTHPLAN SVCS CORP COM 10/30/00 -6,500 45,433 purchase HEALTHPLAN SVCS CORP COM 10/31/00 46,000 343,225 purchase HEALTHPLAN SVCS CORP COM 11/1/00 32,000 253,781 purchase HEALTHPLAN SVCS CORP COM 11/2/00 48,300 384,089 purchase HEALTHPLAN SVCS CORP COM 11/3/00 127,700 1,002,162 purchase HEALTHPLAN SVCS CORP COM 11/9/00 45,000 349,858
TRANSACTIONS MADE BY JOHN RACE, INDIVIDUALLY From 9-8-00 To 11-09-00 Tran Trade Trade Code Security Date Quantity Amount - ---- ------------------------- -------- -------- ------- purchase HEALTHPLAN SVCS CORP COM 10/26/00 20,000 136,204 purchase HEALTHPLAN SVCS CORP COM 10/30/00 10,000 68,104 EXHIBIT A - 60 DAY TRANSACTION SUMMARY TRANSACTIONS MADE BY GREGORY M. DEPRINCE, INDIVIDUALLY From 9-8-00 To 10-09-00 Tran Trade Trade Code Security Date Quantity Amount - ---- ------------------------- -------- --------- -------- purchase HEALTHPLAN SVCS CORP COM 10/26/00 16,300 110,693 TRANSACTIONS MADE BY VICTOR A. ZOLLO, JR., INDIVIDUALLY From 9-8-00 To 11-09-00 Tran Trade Trade Code Security Date Quantity Amount - ---- ------------------------- -------- --------- -------- None TRANSACTIONS MADE BY DEPRINCE, RACE & ZOLLO, INC. AS PLAN SPONSOR OF EMPLOYEE BENEFIT PLAN From 9-8-00 To 11-09-00 Tran Trade Trade Code Security Date Quantity Amount - ---- ------------------------- -------- -------- ------- None -----END PRIVACY-ENHANCED MESSAGE-----