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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
ebix.com, Inc.
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(Name of Issuer)
Common Stock, $ .10 par value
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(Title of Class of Securities)
247171101
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(CUSIP Number)
Mark C. Headrick (612) 335-8683
Coral Group, Inc. 60 South Sixth Street, Suite 3510, Minnneapolis, MN 55402
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
9/24/03
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(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 (S)(S)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 (S)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 of 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).
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SCHEDULE 13D
CUSIP No. 247171101
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Coral Partners II, a limited partnership
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) X
(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions)
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
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6. Citizenship or Place of Organization Delaware
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Number of 7. Sole Voting Power 113,171
Shares 8. Shared Voting Power 0
Beneficially 9. Sole Dispositive Power 113,171
Owned By 10. Shared Dispositive Power 0
Each Reporting
Person With
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 113,171
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
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13. Percent of Class Represented by Amount in Row (11) 4.9%
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14. Type of Reporting Person (See Instructions) PN & IN
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3
SCHEDULE 13D
CUSIP No. 247171101
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Coral Management Partners II, Limited Partnership
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) X
(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions)
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
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6. Citizenship or Place of Organization Delaware
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Number of 7. Sole Voting Power 113,171
Shares 8. Shared Voting Power 0
Beneficially 9. Sole Dispositive Power 113,171
Owned By 10. Shared Dispositive Power 0
Each Reporting
Person With
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 113,171
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
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13. Percent of Class Represented by Amount in Row (11) 4.9%
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14. Type of Reporting Person (See Instructions) PN & IN
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4
SCHEDULE 13D
CUSIP No. 247171101
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Yuval Almog
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) X
(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions) WC
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
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6. Citizenship or Place of Organization Minnesota
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Number of 7. Sole Voting Power 1,250
Shares 8. Shared Voting Power 113,171
Beneficially 9. Sole Dispositive Power 1,250
Owned By 10. Shared Dispositive Power 113,171
Each Reporting
Person With
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 115,171
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
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13. Percent of Class Represented by Amount in Row (11) 5.0%
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14. Type of Reporting Person (See Instructions) PN & IN
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SCHEDULE 13D
CUSIP No. 247171101
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Peter H. McNerney
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) X
(b)
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3. SEC Use Only
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4. Source of Funds (See Instructions) WC
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
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6. Citizenship or Place of Organization Minnesota
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Number of 7. Sole Voting Power 0
Shares 8. Shared Voting Power 113,171
Beneficially 9. Sole Dispositive Power 0
Owned By 10. Shared Dispositive Power 113,171
Each Reporting
Person With
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 113,171
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
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13. Percent of Class Represented by Amount in Row (11) 4.9%
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14. Type of Reporting Person (See Instructions) PN & IN
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6
Item 1. Security and Issuer
Security: This amended Schedule 13D, originally filed under the reporting person
of IAI Venture Partners II, a limited partnership, and now filed under the
reporting person of Coral Partners II, a limited partnership, reflects
beneficial ownership of the issuer's Common Stock, par value $.10 per share,
converted from Series D Preferred Stock, par value $.10 per share (the "PS D
Stock")(formerly Series A Preferred Stock), Series C Preferred Stock, par value
$.10 per share (the "PS C Stock") and Convertible Promissory Note (the "Note")
and Non-Qualified Stock Option Plan for Directors, par value $.10 per share (the
"Plan") owned by a general partner of Coral Partners II.
Issuer: ebix.com Inc.
1900 E. Golf Rd
Suite 1200
Schaumberg, IL 60173
Item 2. Identity and Background
Coral Partners II, a limited partnership ("CP II") (formerly named IAI Venture
Partners II, a limited partnership), with principal offices at 60 South Sixth
Street, Suite 3510, Minneapolis, MN 55402, is in the business of making venture
capital investments in operating companies. The general partner of Coral
Partners II is Coral Management Partners II, Limited Partnership ("CMP II"),
with principal offices at 60 South Sixth Street, Suite 3510, Minneapolis, MN
55402. The general partners of CMP II are Yuval Almog and Peter McNerney.
The following sets forth the names, business addresses, and principal occupation
of each General Partner within CMP II:
Name Address Principal Occupation
---- ------- --------------------
*Yuval Almog 60 South Sixth Street Managing General Partner
Suite 3510
Minneapolis, MN 55402
Peter McNerney 60 South Sixth Street General Partner
Suite 3510
Minneapolis, MN 55402
All such individuals are United States citizens.
To the best of the undersigned's knowledge, during the past five years no
employee of Coral Group, Inc. has been convicted in a criminal proceeding (other
than traffic violations or similar misdemeanors) nor been a party to a civil
proceeding of a judicial or administrative body that resulted in judgment or
final order regarding violations of federal or state securities laws.
* Yuval Almog, a General Partner in Coral Management Partners II, Limited
Partnership, with principal offices at 60 South Sixth Street, Suite 3510,
Minneapolis, MN 55402; was elected a non-employee Director of Delphi Information
Systems, Inc. (the former name of ebix.com) on September 9, 1991, and became
Chairman of the Board on September 17, 1993 held until November 20, 2000. Mr.
Almog is no longer a director of the Company.
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Item 3. Source and Amount of Funds or Other Consideration
Not applicable.
Item 4. Purpose of Transaction
Coral Parnters II is disposing of its holdings in the Company and intends
to continue until all shares have been disposed of.
Item 5. Interest in Securities of the Issuer
Coral Partners II currently owns 113,171 of common stock converted from
shares of Series D Preferred Stock, shares of Series C Preferred Stock, the
Convertible Promissory Note and Redeemable Warrants. The Common Stock represents
4.9% of the Issuer. The following percentage interest represents the total
shares indirectly owned by each general partner whose individual percentage
interest in the company remains less than 5%; Yuval Almog .4% and Peter McNerney
..2%. Coral Partners II has sole voting power and power of disposition of its
shares. CMP II exercises such power as general partner of Coral Partners II.
Coral Partners II sold 1,226 common shares in the open market at
$5.5556 on September 12, 2003, sold 7,500 common shares in the open market at
$5.5513 on September 23, 2003 and sold 4,400 common shares in the open market at
$5.557 on September 24, 2003 at which point Coral Parnters II owned less than
5.0% of the issuer and is no longer a reporting person.
Yuval Almog, the Managing General Partner of CMP II. Mr. Almog disclaims
ownership of 750 shares reported by him which are held by his wife. Mr. Almog
has sole voting and dispositive power over 1,250 shares.
Item 6. Contracts, Arrangements, Understandings or relationships with respect to
Securities of the Issuer
Coral Partners II purchased Series D Preferred Stock pursuant to the Series
A Preferred Stock Purchase Agreements dated May 29, 1991, and January 8, 1993,
subsequently exchanged for Series D Preferred Stock on May 19, 1994, purchased
Series C Preferred Stock pursuant to Stock Purchase Agreement dated December 21,
1993, and purchased the Convertible Promissory Note pursuant the Note Purchase
Agreement dated March 15, 1994 (the "Purchase Agreements"). Purchased the
Redeemable Warrants pursuant to an offering of units (consisting of common stock
and Redeemable Warrants) by the Company on January 16, 1997. These Purchase
Agreements contain representations and warranties of the issuer and certain
ongoing obligations and limitations. The investors have certain registration
rights as described more fully in the Purchase Agreements attached as exhibits
to the previously filed 13D and first amendment. The PS C Stock, PS D Stock, the
Note and the Redeemable Warrants were converted into Common Stock.
Item 7. Material to Be Filed as Exhibit
Not applicable.
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SIGNATURES
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.
September 25, 2003 Coral Partners II, a limited partnership
By Coral Management Partners II,
Limited Partnership, Its: General Partner
/s/ Yuval Almog
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Yuval Almog
General Partner
Individual Reporting Persons:
By /s/ Yuval Almog
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Yuval Almog, General Partner
By /s/ Peter H. McNerney
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Peter H. McNerney, General Partner