SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

OKUMUS AHMET H

(Last)

(First)

(Middle)

850 THIRD AVENUE

10TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CSG SYSTEMS INTERNATIONAL INC [ CSGS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								67,969	I	By Okumus Opportunity Partners, LP⁽¹⁾
Common Stock								1,539	I	By Okumus Market Neutral Partners, LP⁽¹⁾
Common Stock								21,850	I	By Okumus Diversified Value Partners, LP⁽¹⁾
Common Stock								8,209	I	By Okumus Technology Value Partners, LP⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Put Option (Option to Buy)	$10							11/14/2003	11/14/2003	Common Stock	39,742		392,198	I	By Okumus Opportunity Partners, LP⁽¹⁾
Put Option (Option to Buy)	$10							11/14/2003	11/14/2003	Common Stock	27,413		364,785	I	By Okumus Opportunity Partners, LP⁽¹⁾
Put Option (Option to Buy)	$10							11/14/2003	11/14/2003	Common Stock	39,742		325,043	I	By Okumus Opportunity Partners, LP⁽¹⁾
Put Option (Optiion to Buy)	$10							11/14/2003	11/14/2003	Common Stock	10,980		59,630	I	By Okumus Diversified Value Partners, LP⁽¹⁾
See Footnote 2⁽²⁾	$0							08/08/1988	08/08/1988	See Footnote 2⁽²⁾	0		14,699	I	By Okumus Market Neutral Partners, LP⁽¹⁾
Put Option (Option to Buy)	$10							11/14/2003	11/14/2003	Common Stock	4,400		20,970	I	By Okumus Technology Value Partners, LP⁽¹⁾

Explanation of Responses:

1. The securities reported on this filing are held in the accounts of certain unregistered investment companies over which the Reporting Person has investment discretion by virtue of the Reporting Person's position in the general partners of these unregistered investment companies. The Reporting Person in turn has a pecuniary interest in the securities held by said unregistered investment companies equal to his portion of the incentive allocation potentially made to the general partners of said entities each year in unaffiliated capital accounts in said entitied, plus his capital accounts in said entities.

2. Securities previously held by the Reporting Person in the account of Okumus Market Neutral Partners, L.P.

Remarks:

++ The Reporting Person, the unregistered investment companies and the general partners companies affirmatively disclaim being a "group" for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

	/s/ Ahmet H. Okumus++	11/19/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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