-----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, NgBA7CHvVpKlRuGIHFpSN1pifLWmZAxxcEXlz74j5vug4B8HIF3rs6jbQVvpCcr2 2LC2MdRuphHqyK950Blv5A== 0000950172-00-000801.txt : 20000424 0000950172-00-000801.hdr.sgml : 20000424 ACCESSION NUMBER: 0000950172-00-000801 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000421 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: A CONSULTING TEAM INC CENTRAL INDEX KEY: 0001040792 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 133169913 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-53441 FILM NUMBER: 606716 BUSINESS ADDRESS: STREET 1: 200 PARK AVE S STREET 2: SUITE 901 CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 2129798228 MAIL ADDRESS: STREET 1: 200 PARK AVENUE SOUTH STREET 2: SUITE 901 CITY: NEW YORK STATE: NY ZIP: 10003 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ARISON INVESTMENTS LTD CENTRAL INDEX KEY: 0001112627 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 23 SHAUL HAMELECH BLVD STREET 2: TEL AVIV CITY: ISRAEL ZIP: 64367 MAIL ADDRESS: STREET 1: 23 SHAUL HAMELECH BLVD STREET 2: TEL AVIV CITY: ISRAEL ZIP: 64367 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 --------------- SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 THE A CONSULTING TEAM, INC. ------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE -------------------------------------------------------------- (Title of Class of Securities) 000881 -------------------------------------------------- (CUSIP Number) MARCH 19, 2000 ------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) --------------- 13G PAGE 2 OF 5 - ---------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Arison Investments Ltd. (no U.S. I.D. number) - ---------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ---------------------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Israel - ---------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 357,142* BENEFICIALLY ----------------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH REPORTING ----------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 357,142* ----------------------------------------------------- 8 SHARED DISPOSITIVE POWER - ---------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 357,142* - ---------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES |_| - ---------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.5%* - ---------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON Co. - ---------------------------------------------------------------------------- - -------- * Out of which 321,428 shares are subject to the right to be acquired by the Reporting Person within 60 days of the date of the purchase agreement. See Item 4 below. ITEM 1(a). NAME OF ISSUER: The A Consulting Team, Inc. (the "Issuer" or the "Company"). ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 200 Park Avenue South New York, New York 10003. ITEM 2(a). NAME OF PERSON FILING: This Schedule is filed by Arison Investments Ltd., the "Reporting Person." Any disclosures made herein with respect to persons other than the Reporting Person are made upon information and belief. ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The principal business addresses of the Reporting Person are as follows: Golda Center 23 Shaul Hamelech Boulevard Tel-Aviv, 64367 Israel ITEM 2(c). PLACE OF ORGANIZATION: Israel ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.01 per share ("Common Stock") ITEM 2(e). CUSIP NUMBER: 000881 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR 13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: N/A ITEM 4. OWNERSHIP: (a) Amount beneficially owned: 357,142 Common Stock (the "Shares"). 321, 428 Common Stock out of the 357,142 Common Stock are in the form of warrants exercisable within 60 days following the execution date of the purchase agreement (March 19, 2000). In addition, the Reporting Person holds warrants to acquire additional 378,150 shares of Common Stock of the Company, exercisable during the period starting from the expiration of 120 days after the execution date of the purchase agreement (March 19, 2000) and until the second anniversary thereof. Furthermore, under the terms of the purchase agreement, upon the exercise in full of all warrants by the Reporting Person and by certain additional investors and subject to the fulfillment of certain additional conditions, the Company undertook to take actions to cause the Board of Directors of the Company to approve and appoint, and/or nominate and cause the shareholders of the Company to elect one person designated by the Reporting Person together with such additional investors to be a member of the Board of Directors of the Company. The Reporting Person disclaims any beneficial ownership of any shares held by such other investors in the Company. (b) Percent of class: 5.5% (c) (i) Sole power to vote or direct the vote: 357,142; (ii) Sole power to dispose or to direct the disposition of shares: 357,142. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: N/A ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: N/A ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: N/A ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: N/A ITEM 9. NOTICE OF DISSOLUTION OF GROUP: N/A ITEM 10. CERTIFICATION: N/A 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. ARISON INVESTMENTS LTD. By: /s/ Moddi Kevet _________________________ Name: Moddi Kevet Title: Vice President & Chief Financial Officer 3/30/00 ____________________________ (Date) -----END PRIVACY-ENHANCED MESSAGE-----