-----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, GA3bvm/KNWU2DkNEz79SlqXedgcG2I1muvVRpS/l623q6R88QFQ8i3UxglMDu7Zv ruERcd7j22+Tym9MWtgNiw== 0000950137-03-004470.txt : 20030821 0000950137-03-004470.hdr.sgml : 20030821 20030821162938 ACCESSION NUMBER: 0000950137-03-004470 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030821 GROUP MEMBERS: J. KEVIN POORMAN, AS TRUSTEE OF DONROSE TRUST GROUP MEMBERS: MARSHALL E. EISENBERG, AS TRUSTEE OF JBR TRUST #4 GROUP MEMBERS: MARSHALL E. EISENBERG, AS TRUSTEE OF T&M CHILDRENS TRUST GROUP MEMBERS: R. A. INVESTMENT GROUP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ECOLLEGE COM CENTRAL INDEX KEY: 0001085653 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 841351729 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58063 FILM NUMBER: 03860443 BUSINESS ADDRESS: STREET 1: 4900 SOUTH MONACO STREET CITY: DENVER STATE: CO ZIP: 80237 BUSINESS PHONE: 3038737400 MAIL ADDRESS: STREET 1: ECOLLEGE BUILDING STREET 2: 4900 SOUTH MONACO STREET CITY: DENVER STATE: CO ZIP: 80237 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RA INVESTMENT GROUP CENTRAL INDEX KEY: 0001121586 IRS NUMBER: 363849804 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 200 WEST MADISON STREET CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3127508400 MAIL ADDRESS: STREET 1: 200 WEST MADISON STREET CITY: CHICAGO STATE: IL ZIP: 60606 SC 13D/A 1 c79187a1sc13dza.txt AMENDMENT TO SCHEDULE 13D OMB APPROVAL --------------------------- OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response.......11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1 )* ----- ECOLLEGE.COM - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - -------------------------------------------------------------------------------- (Title of Class of Securities) 27887 E 10 - -------------------------------------------------------------------------------- (CUSIP Number) Scott Stevens 200 West Madison Street Suite 2500 Chicago, Illinois 60606 (312) 750-8444 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 14, 2003 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 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 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). PERSONS WHO 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 1746 (11-02) CUSIP NO. 27887 E 10 PAGE 2 OF 8 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. R. A. INVESTMENT GROUP I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ILLINOIS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 404,556 (SEE ITEM 5) SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 404,556 (SEE ITEM 5) PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 404,556 (SEE ITEM 5) - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4% (SEE ITEM 5) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. 27887 E 10 13D PAGE 3 OF 8 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. J. KEVIN POORMAN, AS TRUSTEE OF DONROSE TRUST I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ILLINOIS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 18,389 (SEE ITEM 5) SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 Owned BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 18,389 (SEE ITEM 5) PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,389 (SEE ITEM 5) - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% (SEE ITEM 5) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. 27887 E 10 13D PAGE 4 OF 8 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. MARSHALL E. EISENBERG, AS TRUSTEE OF JBR TRUST #4 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ILLINOIS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 18,389 (SEE ITEM 5) SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 18,389 (SEE ITEM 5) PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,389 (SEE ITEM 5) - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% (SEE ITEM 5) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. 27887 E 10 13D PAGE 5 OF 8 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. MARSHALL E. EISENBERG, AS TRUSTEE OF T&M CHILDRENS TRUST I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION ILLINOIS - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 18,389 (SEE ITEM 5) SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 18,389 (SEE ITEM 5) PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,389 (SEE ITEM 5) - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [X] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.1% (SEE ITEM 5) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) OO - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. 27887 E 10 13D PAGE 6 OF 8 PAGES This Amendment No. 1 to the Statement on Schedule 13D (this "Amendment") is being filed with the Securities and Exchange Commission on behalf of R. A. Investment Group, an Illinois general partnership (the "Partnership"), J. Kevin Poorman, as trustee of the Donrose Trust, Marshall E. Eisenberg, as trustee of JBR Trust #4 and Marshall E. Eisenberg, as trustee of T&M Childrens Trust (collectively, the "Reporting Persons") with respect to the Common Stock, par value $0.01 per share (the "Common Stock"), of eCollege.com, a Delaware corporation (the "Company"). The purpose of this Amendment is to report the sale by the Reporting Persons of 612,500 shares of Common Stock of the Company as described below and to indicate that the Reporting Persons cease to be beneficial owners of more than 5.0% of the Common Stock of the Company. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Items 5(a), (c) and (e) are hereby amended in their entirety to read as follows: (a) Aggregate Number/Percentage of Common Stock Beneficially Owned: the Partnership : 404,556/ 2.4% Donrose Trust : 18,389/ 0.1% JBR Trust #4 : 18,389/ 0.1% T&M Childrens Trust : 18,389/ 0.1% The ownership percentages set forth above are based upon 16,731,559 shares of Common Stock issued and outstanding as of August 4, 2003, as disclosed in the Company's Quarterly Report on Form 10-Q, dated August 12, 2003. The aggregate number of shares of Common Stock reported as beneficially owned by the Partnership does not include 198,333 shares of Common Stock owned by the Partnership, as to which New World Equities, Inc., a Delaware corporation ("NWE"), has sole voting and dispositive power pursuant to a nominee agreement. The aggregate number of shares of Common Stock reported as beneficially owned by Donrose Trust does not include 9,015 shares of Common Stock owned by Donrose Trust, as to which NWE has sole voting and dispositive power pursuant to a nominee agreement. The aggregate number of shares of Common Stock reported as beneficially owned by JBR Trust #4 does not include 9,015 shares of Common Stock owned by JBR Trust #4, as to which NWE has sole voting and dispositive power pursuant to a nominee agreement. The aggregate number of shares of Common Stock reported as beneficially owned by T&M Childrens Trust does not include 9,015 shares of Common Stock owned by T&M Childrens Trust, as to which NWE has sole voting and dispositive power pursuant to a nominee agreement. The aggregate number of shares of Common Stock reported as beneficially owned by each of the Reporting Persons does not include any other shares of Common Stock beneficially owned by NWE. CUSIP NO. 27887 E 10 13D PAGE 7 OF 8 PAGES Each Reporting Person expressly disclaims beneficial ownership of any other shares of Common Stock now or hereafter owned by NWE or its stockholders. (c) Between August 14, 2003 and August 20, 2003, the Reporting Persons sold 492,500 shares of Common Stock as follows:
SELLER TRANSACTION QUANTITY TRADE DATE PRICE - ---------------------- ------------------------- ----------------------- ---------------------- ---------------------- Partnership Open-Market Sale 176,000 August 14, 2003 $13.36 Partnership Open-Market Sale 88,000 August 15, 2003 $13.742 Partnership Open-Market Sale 125,400 August 18, 2003 $14.137 Partnership Open-Market Sale 44,000 August 19, 2003 $14.29 Partnership Open-Market Sale 105,600 August 20, 2003 $14.254 Donrose Trust Open-Market Sale 8,000 August 14, 2003 $13.36 Donrose Trust Open-Market Sale 4,000 August 15, 2003 $13.742 Donrose Trust Open-Market Sale 5,700 August 18, 2003 $14.137 Donrose Trust Open-Market Sale 2,000 August 19, 2003 $14.29 Donrose Trust Open-Market Sale 4,800 August 20, 2003 $14.254 JBR Trust #4 Open-Market Sale 8,000 August 14, 2003 $13.36 JBR Trust #4 Open-Market Sale 4,000 August 15, 2003 $13.742 JBR Trust #4 Open-Market Sale 5,700 August 18, 2003 $14.137 JBR Trust #4 Open-Market Sale 2,000 August 19, 2003 $14.29 JBR Trust #4 Open-Market Sale 4,800 August 20, 2003 $14.254 T&M Childrens Trust Open-Market Sale 8,000 August 14, 2003 $13.36 T&M Childrens Trust Open-Market Sale 4,000 August 15, 2003 $13.742 T&M Childrens Trust Open-Market Sale 5,700 August 18, 2003 $14.137 T&M Childrens Trust Open-Market Sale 2,000 August 19, 2003 $14.29 T&M Childrens Trust Open-Market Sale 4,800 August 20, 2003 $14.254
The prices set forth above reflect the weighted average price per share on the date the sale occurred. (e) Each of the Reporting Persons ceased to be the beneficial owner of more than five (5) percent of Company Common Stock on August 15, 2003. CUSIP NO. 27887 E 10 13D PAGE 8 OF 8 PAGES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment is true, complete and correct. Dated: August 21, 2003 R.A. Investment Group By: R.A. Trust #25, as a general partner By: /s/ Marshall E. Eisenberg ------------------------- Marshall E. Eisenberg, as co-trustee /s/ J. Kevin Poorman -------------------- J. Kevin Poorman, as trustee of Donrose Trust /s/ Marshall E. Eisenberg ------------------------- Marshall E. Eisenberg, as trustee of JBR Trust #4 /s/ Marshall E. Eisenberg ------------------------- Marshall E. Eisenberg, as trustee of T&M Childrens Trust -----END PRIVACY-ENHANCED MESSAGE-----