SC 13D/A 1 blls13da2.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. 2) Billserv.com (Name of Issuer) Common Stock (Title of Class of Securities) 090181108 (CUSIP Number) November 1, 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 -3,600,000- REPORTING --------------------------------------- PERSON 8 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 9 SHARED DISPOSITIVE POWER -3,600,000- ---------------------------------------------------------------- 10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -3,600,000- ---------------------------------------------------------------- 11 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ---------------------------------------------------------------- 12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 19.4% ---------------------------------------------------------------- 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 -3,600,000- REPORTING --------------------------------------- PERSON 8 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 9 SHARED DISPOSITIVE POWER -3,600,000- ---------------------------------------------------------------- 10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -3,600,000- ---------------------------------------------------------------- 11 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ---------------------------------------------------------------- 12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 19.4% ---------------------------------------------------------------- 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 -2,921,500- REPORTING --------------------------------------- PERSON 8 SOLE DISPOSITIVE POWER WITH -0- --------------------------------------- 9 SHARED DISPOSITIVE POWER -2,921,500- ---------------------------------------------------------------- 10 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -2,921,500- ---------------------------------------------------------------- 11 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ---------------------------------------------------------------- 12 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 15.8% ---------------------------------------------------------------- 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 3,600,000 19.4% RS Investment Mgmt, L.P. 3,600,000 19.4% RS Diversified Growth Fund 2,921,500 15.8% 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 3,600,000 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 2,921,500 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 Separate Acct 10-02-01 300 270 open mkt sale Sub-Advised Acct 10-02-01 900 810 open mkt sale DGF 10-02-01 5900 5310 open mkt sale Sub-Advised Acct 10-02-01 600 540 open mkt sale RS Acct 10-02-01 1700 1530 open mkt sale RS Acct 10-02-01 4600 4140 open mkt sale Separate Acct 10-04-01 200 190 open mkt sale Sub-Advised Acct 10-04-01 500 475 open mkt sale DGF 10-04-01 2800 2660 open mkt sale Sub-Advised Acct 10-04-01 300 285 open mkt sale RS Acct 10-04-01 900 855 open mkt sale RS Acct 10-04-01 2300 2185 open mkt sale Separate Acct 10-05-01 100 91 open mkt sale Sub-Advised Acct 10-05-01 200 182 open mkt sale DGF 10-05-01 1500 1365 open mkt sale Sub-Advised Acct 10-05-01 100 91 open mkt sale RS Acct 10-05-01 400 364 open mkt sale RS Acct 10-05-01 1200 1092 open mkt sale Separate Acct 10-08-01 100 88 open mkt sale Sub-Advised Acct 10-08-01 200 176 open mkt sale DGF 10-08-01 1400 1232 open mkt sale Sub-Advised Acct 10-08-01 100 88 open mkt sale RS Acct 10-08-01 400 352 open mkt sale RS Acct 10-08-01 1100 968 open mkt sale Separate Acct 10-09-01 300 234 open mkt sale Separate Acct 10-09-01 2000 1561 open mkt sale Sub-Advised Acct 10-09-01 5277 4117 open mkt sale Sub-Advised Acct 10-09-01 923 720 open mkt sale DGF 10-09-01 4024 3140 open mkt sale DGF 10-09-01 5000 3901 open mkt sale DGF 10-09-01 17500 13655 open mkt sale DGF 10-09-01 5000 3901 open mkt sale DGF 10-09-01 6876 5365 open mkt sale Sub-Advised Acct 10-09-01 3900 3043 open mkt sale RS Acct 10-09-01 5985 4670 open mkt sale RS Acct 10-09-01 5000 3901 open mkt sale RS Acct 10-09-01 500 390 open mkt sale RS Acct 10-09-01 115 90 open mkt sale RS Acct 10-09-01 30800 24032 open mkt sale DGF 10-15-01 1200 1140 open mkt sale RS Acct 10-15-01 100 95 open mkt sale RS Acct 10-15-01 1200 1140 open mkt sale DGF 10-23-01 1924 1732 open mkt sale DGF 10-23-01 7500 6750 open mkt sale DGF 10-23-01 2476 2228 open mkt sale RS Acct 10-23-01 285 256 open mkt sale RS Acct 10-23-01 915 823 open mkt sale RS Acct 10-23-01 11900 10710 open mkt sale DGF 10-24-01 2524 2272 open mkt sale DGF 10-24-01 3376 3038 open mkt sale DGF 10-24-01 1624 1462 open mkt sale DGF 10-24-01 5000 4500 open mkt sale DGF 10-24-01 2876 2588 open mkt sale RS Acct 10-24-01 600 540 open mkt sale RS Acct 10-24-01 1000 900 open mkt sale RS Acct 10-24-01 6000 5400 open mkt sale RS Acct 10-24-01 9500 8550 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: November 1, 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: November 1, 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