0000921895-17-002503.txt : 20171027 0000921895-17-002503.hdr.sgml : 20171027 20171027160512 ACCESSION NUMBER: 0000921895-17-002503 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20171027 DATE AS OF CHANGE: 20171027 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COMPUTER PROGRAMS & SYSTEMS INC CENTRAL INDEX KEY: 0001169445 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 743032373 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78807 FILM NUMBER: 171159470 BUSINESS ADDRESS: STREET 1: 6600 WALL STREET CITY: MOBILE STATE: AL ZIP: 36695 BUSINESS PHONE: 2516398100 MAIL ADDRESS: STREET 1: 6600 WALL STREET CITY: MOBILE STATE: AL ZIP: 36695 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Gilead Capital LP CENTRAL INDEX KEY: 0001689368 IRS NUMBER: 811078924 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 157 COLUMBUS AVE. STREET 2: SUITE 403 CITY: NEW YORK CITY STATE: NY ZIP: 10023 BUSINESS PHONE: 646-693-6372 MAIL ADDRESS: STREET 1: 157 COLUMBUS AVE. STREET 2: SUITE 403 CITY: NEW YORK CITY STATE: NY ZIP: 10023 SC 13G 1 sc13g11035com_10272017.htm SCHEDULE 13G

 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

(Amendment No.   )1

 

Computer Programs and Systems, Inc.

 (Name of Issuer)

Common Stock, $0.001 par value

 (Title of Class of Securities)

205306103

 (CUSIP Number)

October 17, 2017

 (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)

     Rule 13d-1(c)

     Rule 13d-1(d)

 

 

 

1              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).

 

CUSIP NO. 205306103

 

  1   NAME OF REPORTING PERSON  
         
        Gilead Capital LP  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         926,043  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          0  
    8   SHARED DISPOSITIVE POWER  
           
          926,043  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        926,043  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        6.7%  
  12   TYPE OF REPORTING PERSON  
         
        IA  

  

2

CUSIP NO. 205306103

  1   NAME OF REPORTING PERSON  
         
        Gilead Capital GP LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         926,043  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          0  
    8   SHARED DISPOSITIVE POWER  
           
          926,043  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        926,043  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        6.7%  
  12   TYPE OF REPORTING PERSON  
         
        OO  

  

3

CUSIP NO. 205306103

 

  1   NAME OF REPORTING PERSON  
         
        Jeffrey A. Strong  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
        (b) ☐
           
  3   SEC USE ONLY    
           
             
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        USA  
NUMBER OF   5   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         0  
OWNED BY   6   SHARED VOTING POWER  
EACH          
REPORTING         926,043  
PERSON WITH   7   SOLE DISPOSITIVE POWER  
         
          0  
    8   SHARED DISPOSITIVE POWER  
           
          926,043  
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        926,043  
  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     ☐
       
           
  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
         
        6.7%  
  12   TYPE OF REPORTING PERSON  
         
        IN  

  

4

CUSIP NO. 205306103

Item 1(a).Name of Issuer:

 

Computer Programs and Systems, Inc., a Delaware corporation (the “Issuer”).

 

Item 1(b).Address of Issuer's Principal Executive Offices:

 

6600 Wall Street

Mobile, Alabama 36695

 

Item 2(a).Name of Person Filing

 

Gilead Capital LP (“Gilead LP”)

Gilead Capital GP LLC (“Gilead GP”)

Jeffrey A. Strong

 

Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

 

Item 2(b).Address of Principal Business Office or, if None, Residence

 

The principal business address of each of the Reporting Persons is:

 

157 Columbus Avenue, Suite 403

New York, New York 10023

 

Item 2(c).Citizenship

 

Each of Gilead LP and Gilead GP is incorporated in the State of Delaware. Mr. Strong is a citizen of the United States of America.

 

Item 2(d).Title of Class of Securities:

 

Common Stock, par value $0.001 per share (the “Common Stock”)

 

Item 2(e).CUSIP Number:

 

205306103

5

CUSIP NO. 205306103

 

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:

 

/x/ Not applicable.
     
(a) / / Broker or dealer registered under Section 15 of the Exchange Act.
     
(b) / / Bank as defined in Section 3(a)(6) of the Exchange Act.
     
(c) / / Insurance company as defined in Section 3(a)(19) of the Exchange Act.
     
(d) / / Investment company registered under Section 8 of the Investment Company Act.
     
(e) / / An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
     
(f) / / An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
     
(g) / / A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
     
(h) / / A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
     
(i) / / A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.
     
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).  
     
(k) / / Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

 

Item 4.Ownership

 

(a)Amount beneficially owned:

 

As of the close of business on October 27, 2017, Gilead LP beneficially owned 926,043 shares of Common Stock, including 925,418 shares held through separately managed accounts to which Gilead LP serves as investment manager.

 

Each of Gilead GP, as the general partner of Gilead LP, and Mr. Strong, as the managing member of Gilead GP, may be deemed to beneficially own the 926,043 shares of Common Stock beneficially owned by Gilead LP.

 

The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the shares reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the shares reported herein that are not directly owned by such Reporting Person except to the extent of his or its pecuniary interest therein.

 

(b)Percent of class:

 

See Cover Pages Item 11. The percentages are based on 13,755,726 shares of Common Stock outstanding, as of August 7, 2017, which is the total number of shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report filed on Form 10-Q with the Securities and Exchange Commission on August 8, 2017.

 

 

(c)Number of shares as to which such person has:

 

(i)Sole power to vote or to direct the vote

 

See Cover Pages Items 5-9.

 

(ii)Shared power to vote or to direct the vote

 

See Cover Pages Items 5-9.

 

(iii)Sole power to dispose or to direct the disposition of

 

See Cover Pages Items 5-9.

 

(iv)Shared power to dispose or to direct the disposition of

 

See Cover Pages Items 5-9.

6

CUSIP NO. 205306103

 

Item 5.Ownership of Five Percent or Less of a Class.

 

Not Applicable.

 

Item 6.Ownership of More than Five Percent on Behalf of Another Person.

 

Not Applicable.

 

Item 7.Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not Applicable.

 

Item 8.Identification and Classification of Members of the Group.

 

See Exhibit 99.1.

 

Item 9.Notice of Dissolution of Group.

 

Not Applicable.

 

Item 10.Certifications.

 

By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

7

CUSIP NO. 205306103

 

SIGNATURE

 

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: October 27, 2017 

 

  Gilead Capital LP
   
  By: Gilead Capital GP LLC
General Partner
   
  By: /s/ Jeffrey A. Strong
    Name: Jeffrey A. Strong
    Title: Managing Member

 

 

  Gilead Capital GP LLC
   
  By: /s/ Jeffrey A. Strong
    Name: Jeffrey A. Strong
    Title: Managing Member

 

 

  /s/ Jeffrey A. Strong
  Jeffrey A. Strong

 

 

8

EX-99.1 2 ex991to13g11035com_102717.htm JOINT FILING AGREEMENT

Exhibit 99.1

 

Joint Filing Agreement

 

The undersigned hereby agree that the Statement on Schedule 13G dated October 27, 2017 with respect to the shares of Common Stock of Computer Programs and Systems, Inc., and any further amendments thereto executed by each and any of the undersigned shall be filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.

 

Dated: October 27, 2017 

 

  Gilead Capital LP
   
  By: Gilead Capital GP LLC
General Partner
   
  By: /s/ Jeffrey A. Strong
    Name: Jeffrey A. Strong
    Title: Managing Member

 

 

  Gilead Capital GP LLC
   
  By: /s/ Jeffrey A. Strong
    Name: Jeffrey A. Strong
    Title: Managing Member

 

 

  /s/ Jeffrey A. Strong
  Jeffrey A. Strong