UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._____)*
ITT Educational Services, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45068B109
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(CUSIP Number)
December 31, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[x] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 9 pages
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CUSIP No. 45068B109 13G Page 2 of 11 Pages
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NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Liberty Wanger Asset Management, L.P. 36-3820584
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [_]
(b) [_]
Not Applicable
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SEC USE ONLY
3.
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CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware
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SOLE VOTING POWER
5.
NUMBER OF
None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY 2,394,000
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EACH SOLE DISPOSITIVE POWER
7.
REPORTING
None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
2,394,000
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
2,394,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10.
[_]
Not Applicable
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
10.0%
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TYPE OF REPORTING PERSON*
12.
IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 45068B109 13G Page 3 of 11 Pages
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NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WAM Acquisition GP, Inc.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2. (a) [_]
(b) [_]
Not Applicable
------------------------------------------------------------------------------
SEC USE ONLY
3.
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware
------------------------------------------------------------------------------
SOLE VOTING POWER
5.
NUMBER OF
None
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY 2,394,000
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
None
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
2,394,000
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
2,394,000
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10.
[_]
Not Applicable
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
10.0%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12.
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
Item 1(a) Name of Issuer:
ITT Educational Services, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
5975 Castle Creek Parkway N. Drive
P.O. Box 50466
Indianapolis, Indiana 46250-0466
Item 2(a) Name of Person Filing:
Liberty Wanger Asset Management, L.P. ("WAM")
WAM Acquisition GP, Inc., the general partner of WAM
("WAM GP")
Item 2(b) Address of Principal Business Office:
WAM and WAM GP are both located at:
227 West Monroe Street, Suite 3000
Chicago, Illinois 60606
Item 2(c) Citizenship:
WAM is a Delaware limited partnership; WAM GP is a Delaware
corporation.
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
45068B109
Item 3 Type of Person:
(e) WAM is an Investment Adviser registered under section
203 of the Investment Advisers Act of 1940; WAM GP is
the General Partner of the Investment Adviser.
Page 4 of 9 pages
Item 4 Ownership (at December 31, 2000):
(a) Amount owned "beneficially" within the meaning of rule
13d-3:
2,394,000
(b) Percent of class:
10.0% (based on 23,864,889 shares outstanding as of
October 24, 2000)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
none
(ii) shared power to vote or to direct the vote:
2,394,000
(iii) sole power to dispose or to direct the
disposition of: none
(iv) shared power to dispose or to direct
disposition of: 2,394,000
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:
The shares reported herein have been acquired on behalf of
discretionary clients of WAM. Persons other than WAM and WAM
GP are entitled to receive all dividends from, and proceeds
from the sale of, those shares.
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company:
Not Applicable
Item 8 Identification and Classification of Members of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Page 5 of 9 Pages
Item 10 Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and are
held in the ordinary course of business and 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.
Page 6 of 9 Pages
Signature
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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.
Date: February 14, 2001
The undersigned corporation, on the date above written, agrees
and consents to the joint filing on its behalf of this Schedule
13G in connection with its beneficial ownership of the security
reported herein.
WAM Acquisition GP, Inc.
for itself and as general partner of
LIBERTY WANGER ASSET MANAGEMENT, L.P.
By: /s/ Bruce H. Lauer
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Bruce H. Lauer
Senior Vice President and Secretary
Page 7 of 9 Pages
Exhibit Index
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Exhibit 1 Joint Filing Agreement dated as of February 14, 2001 by and
between Liberty Wanger Asset Management, L.P. and WAM
Acquisition GP, Inc.
Page 8 of 9 Pages
EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned hereby agree to the joint filing of the Schedule 13G to
which this Agreement is attached.
Dated: February 14, 2001
WAM Acquisition GP, Inc.
for itself and as general partner of
LIBERTY WANGER ASSET MANAGEMENT, L.P.
By: /s/ Bruce H. Lauer
------------------
Bruce H. Lauer
Senior Vice President and Secretary
Page 9 of 9 Pages