0001085256-01-500023.txt : 20011008 0001085256-01-500023.hdr.sgml : 20011008 ACCESSION NUMBER: 0001085256-01-500023 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010920 GROUP MEMBERS: RS DIVERSIFIED GROWTH FUND GROUP MEMBERS: RS INVESTMENT MANAGEMENT, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BILLSERV COM INC CENTRAL INDEX KEY: 0001088034 STANDARD INDUSTRIAL CLASSIFICATION: FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099] IRS NUMBER: 980190072 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58445 FILM NUMBER: 1740717 BUSINESS ADDRESS: STREET 1: 211 N LOOP 1604 STREET 2: SUITE 100 CITY: SAN ANTONIO STATE: TX ZIP: 78232 BUSINESS PHONE: 2104025000 MAIL ADDRESS: STREET 1: 211 N LOOP 1604 STREET 2: STE 100 CITY: SAN ANTONIO STATE: TX ZIP: 78232 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RS INVESTMENT MANAGEMENT CO LLC CENTRAL INDEX KEY: 0001085256 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 943321067 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 388 MARKET STREET STREET 2: SUITE 200 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4155912700 MAIL ADDRESS: STREET 1: 388 MARKET STREET STREET 2: SUITE 200 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13D/A 1 blls13da.txt OMB APPROVAL OMB Number:3235-0145 Expires: August 31, 1999 Estimated average burden hours per response 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) Billserv.com (Name of Issuer) Common Stock (Title of Class of Securities) 090181108 (CUSIP Number) September 18, 2001 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: /_X_/ Rule 13d-2(a) * 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 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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1745 (3-98) Page 1 of 9 CUSIP No. 090181108 13D Page 2 of 9 ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) RS Investment Management Co. LLC ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/ / (b)/ / ---------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------- 4 SOURCE OF FUNDS WC ---------------------------------------------------------------- 5 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ---------------------------------------------------------------- NUMBER OF 6 SOLE VOTING POWER SHARES -0- BENEFICIALLY --------------------------------------- OWNED BY 7 SHARED VOTING POWER EACH -3,854,000- REPORTING --------------------------------------- PERSON 8 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 9 SHARED DISPOSITIVE POWER -3,854,000- ---------------------------------------------------------------- 10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -3,854,000- ---------------------------------------------------------------- 11 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ---------------------------------------------------------------- 12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 20.8% ---------------------------------------------------------------- 13 TYPE OF REPORTING PERSON (See Instructions) OO, HC ---------------------------------------------------------------- CUSIP No. 090181108 13D Page 3 of 9 ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) RS Investment Management, L.P. ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/ / (b)/ / ---------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------- 4 SOURCE OF FUNDS WC ---------------------------------------------------------------- 5 CITIZENSHIP OR PLACE OF ORGANIZATION California ---------------------------------------------------------------- NUMBER OF 6 SOLE VOTING POWER SHARES -0- BENEFICIALLY --------------------------------------- OWNED BY 7 SHARED VOTING POWER EACH -3,854,000- REPORTING --------------------------------------- PERSON 8 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 9 SHARED DISPOSITIVE POWER -3,854,000- ---------------------------------------------------------------- 10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -3,854,000- ---------------------------------------------------------------- 11 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ---------------------------------------------------------------- 12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 20.8% ---------------------------------------------------------------- 13 TYPE OF REPORTING PERSON (See Instructions) IA, PN ---------------------------------------------------------------- CUSIP No. 090181108 13D Page 4 of 9 ---------------------------------------------------------------- 1 NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) RS Diversified Growth Fund ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/ / (b)/ / ---------------------------------------------------------------- 3 SEC USE ONLY ---------------------------------------------------------------- 4 SOURCE OF FUNDS WC ---------------------------------------------------------------- 5 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts ---------------------------------------------------------------- NUMBER OF 6 SOLE VOTING POWER SHARES -0- BENEFICIALLY --------------------------------------- OWNED BY 7 SHARED VOTING POWER EACH -3,000,000- REPORTING --------------------------------------- PERSON 8 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 9 SHARED DISPOSITIVE POWER -3,000,000- ---------------------------------------------------------------- 10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -3,000,000- ---------------------------------------------------------------- 11 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ---------------------------------------------------------------- 12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.2% ---------------------------------------------------------------- 13 TYPE OF REPORTING PERSON (See Instructions) IV ---------------------------------------------------------------- CUSIP No. 090181108 13D Page 5 of 9 ITEM 1. This Schedule 13D is filed with respect to the Common Stock of Billserv.com. ITEM 2. This Schedule 13D is filed on behalf of the following: I. (a)RS Investment Management Co. LLC is a Delaware Limited Liability Company. (b) 388 Market Street, Ste 200, San Francisco, CA 94111 (c) holding company (d) no convictions in criminal proceedings (e) no civil or administrative proceedings II. (a)RS Investment Management, L.P. is a California Limited Partnership. (b) 388 Market Street, Ste 200, San Francisco, CA 94111 (c) registered investment adviser (d) no convictions in criminal proceedings (e) no civil or administrative proceedings III. (a)RS Diversified Growth Fund is a series of a Massachusetts Business Trust. (b) 388 Market Street, Ste 200, San Francisco, CA 94111 (c) investment company (d) no convictions in criminal proceedings (e) no civil or administrative proceedings CUSIP No. 090181108 13D Page 6 of 9 ITEM 3 The securities with respect to which this Schedule 13D is filed were purchased by Funds managed by RSIM, L.P. and RS Growth Group LLC using working capital contributed by the Funds' respective partners and shareholders. ITEM 4 This schedule is being filed based on a change in the ownership position of Funds managed by RSIM, L.P. and RS Growth Group LLC due to acquisitions. All shares are held for investment purposes only. The reporting persons may sell all or part or acquire additional securities of the Issuer depending on market conditions and other economic factors. ITEM 5 The aggregate number and percentage of the class of securities identified pursuant to Item 1 of this Schedule 13D that are beneficially owned by the persons listed in Item 2 are as follows: RS Investment Mgmt Co. LLC 3,854,000 20.8% RS Investment Mgmt, L.P. 3,854,000 20.8% RS Diversified Growth Fund 3,000,000 16.2% All percentages in this table are based, pursuant to 13D-1(e) of the Securities Exchange Act of 1934, as amended, on 18,538,526 shares of Common Stock of the Issuer outstanding as of August 1, 2001. RS Investment Mgmt Co. LLC is a Delaware Limited Liability Company that is deemed to have shared dispositive power over 3,854,000 shares of the Issuer. RS Investment Mgmt, L.P. is a California Limited Partnership that is deemed to have shared dispositive power over 3,854,000 shares of the Issuer. RS Diversified Growth Fund is an investment company that is a series Of a Massachusetts Business Trust with shared dispositive power over 3,000,000 shares of the Issuer. CUSIP No. 090181108 13D Page 7 of 9 The following is a list of transactions by the filing parties in the last 60 days: ACCT DATE SHARES NET TRADE TYPE sub-advised acct 07-18-01 500 971 open mkt sale sub-advised acct 07-24-01 600 1176 open mkt sale sub-advised acct 08-23-01 1000 1500 open mkt sale sub-advised acct 08-24-01 2200 3080 open mkt sale sub-advised acct 08-24-01 2700 3780 open mkt sale sub-advised acct 08-24-01 100 140 open mkt sale sub-advised acct 08-24-01 100 140 open mkt sale sub-advised acct 08-28-01 200 238 open mkt sale sub-advised acct 08-28-01 300 357 open mkt sale sub-advised acct 07-18-01 600 1165 open mkt sale sub-advised acct 07-24-01 800 1568 open mkt sale sub-advised acct 08-23-01 500 750 open mkt sale sub-advised acct 08-24-01 2700 3780 open mkt sale sub-advised acct 08-28-01 5000 5950 open mkt sale sub-advised acct 09-06-01 300 420 open mkt sale sub-advised acct 09-07-01 100 130 open mkt sale sub-advised acct 09-10-01 300 375 open mkt sale sub-advised acct 09-17-01 1900 1913 open mkt sale sub-advised acct 09-18-01 2400 2430 open mkt sale DGF 07-18-01 7262 14101 open mkt sale DGF 07-18-01 1700 3301 open mkt sale DGF 07-18-01 1200 2330 open mkt sale DGF 07-18-01 938 1821 open mkt sale DGF 07-24-01 3762 7373 open mkt sale DGF 07-24-01 7300 14308 open mkt sale DGF 07-24-01 1000 1960 open mkt sale DGF 07-24-01 500 980 open mkt sale DGF 07-24-01 738 1446 open mkt sale DGF 08-23-01 500 750 open mkt sale DGF 08-24-01 2200 3080 open mkt sale DGF 08-28-01 5000 5950 open mkt sale DGF 08-29-01 5000 5200 open mkt sale DGF 09-06-01 1562 2187 open mkt sale DGF 09-06-01 1038 1453 open mkt sale DGF 09-07-01 1400 1820 open mkt sale DGF 09-10-01 62 77 open mkt sale DGF 09-10-01 862 1077 open mkt sale DGF 09-10-01 1676 2095 open mkt sale DGF 09-17-01 8324 8381 open mkt sale DGF 09-17-01 3200 3222 open mkt sale DGF 09-17-01 5776 5816 open mkt sale DGF 09-18-01 4224 4277 open mkt sale DGF 09-18-01 10000 10125 open mkt sale DGF 09-18-01 6876 6962 open mkt sale sub-advised acct 07-18-01 1300 2524 open mkt sale sub-advised acct 07-24-01 1562 3061 open mkt sale sub-advised acct 07-24-01 38 74 open mkt sale sub-advised acct 08-23-01 62 93 open mkt sale sub-advised acct 08-23-01 238 357 open mkt sale sub-advised acct 08-24-01 662 927 open mkt sale sub-advised acct 08-24-01 538 753 open mkt sale sub-advised acct 08-28-01 3662 4358 open mkt sale sub-advised acct 08-28-01 1338 1592 open mkt sale sub-advised acct 09-06-01 362 507 open mkt sale sub-advised acct 09-06-01 238 333 open mkt sale sub-advised acct 09-07-01 300 390 open mkt sale sub-advised acct 09-10-01 600 750 open mkt sale sub-advised acct 09-17-01 3800 3826 open mkt sale sub-advised acct 09-18-01 4700 4759 open mkt sale RS acct 07-18-01 1000 1942 open mkt sale RS acct 07-24-01 770 1509 open mkt sale RS acct 07-24-01 430 843 open mkt sale RS acct 08-23-01 500 750 open mkt sale RS acct 08-24-01 2300 3220 open mkt sale RS acct 08-28-01 2000 2380 open mkt sale RS acct 08-29-01 5000 5200 open mkt sale RS acct 09-06-01 300 420 open mkt sale RS acct 09-07-01 100 130 open mkt sale RS acct 09-10-01 300 375 open mkt sale RS acct 09-17-01 1900 1913 open mkt sale RS acct 09-18-01 2400 2430 open mkt sale RS acct 07-18-01 2000 3883 open mkt sale RS acct 07-24-01 2500 4900 open mkt sale RS acct 08-23-01 1400 2100 open mkt sale RS acct 08-24-01 6500 9100 open mkt sale RS acct 08-28-01 5000 5950 open mkt sale RS acct 08-29-01 10000 10400 open mkt sale RS acct 09-06-01 1200 1680 open mkt sale RS acct 09-07-01 600 780 open mkt sale RS acct 09-10-01 1200 1500 open mkt sale RS acct 09-17-01 7600 7652 open mkt sale RS acct 09-18-01 9400 9517 open mkt sale
CUSIP No. 090181108 13D Page 8 of 9 ITEM 6 Please refer to Item 5. ITEM 7 The following exhibits are filed herewith: Exhibit A - Joint Filing Agreement ITEM 8 SIGNATURE 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. Dated: September 19, 2001 RS INVESTMENT MANAGEMENT CO. LLC By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer RS INVESTMENT MANAGEMENT, L.P. By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer RS DIVERSIFIED GROWTH FUND By: RS Investment Management, L.P. Investment Adviser By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer CUSIP No. 090181108 13D Page 9 of 9 EXHIBIT A JOINT FILING AGREEMENT The undersigned hereby agree that they are filing this statement jointly pursuant to Rule 13d-1(f)(1). Each of them is responsible for the timely filing of the Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is accurate. Dated: September 19, 2001 RS INVESTMENT MANAGEMENT CO. LLC By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer RS INVESTMENT MANAGEMENT, L.P. By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer RS DIVERSIFIED GROWTH FUND By: RS Investment Management, L.P. Investment Adviser By: /s/ G. Randall Hecht G. Randall Hecht Chief Executive Officer