OMB APPROVAL
-------------------------
OMB Number: 3235-0104
-------------------------
Expires: October 31, 2001
-------------------------
Estimated average burden
hours per response...0.5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
________________________________________________________________________________
1. Name and Address of Reporting Person*
The Thompson Corporation
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
Metro Center, One Station Place
- --------------------------------------------------------------------------------
(Street)
Stamford Connecticut 06902
- --------------------------------------------------------------------------------
(City) (State) (Zip)
________________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)
April 2, 2003
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
Elite Information Group, Inc. ELTE
________________________________________________________________________________
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [X] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
________________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[ ] Form Filed by One Reporting Person
[X] Form Filed by More than One Reporting Person
================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock No Securities Owned. (1)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock No Securities Owned. (2)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Page 1 of 3
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
N/A N/A N/A N/A N/A N/A N/A N/A
- ------------------------------------------------------------------------------------------------------------------------------------
N/A N/A N/A N/A N/A N/A N/A N/A
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Reminder: report on a separate line for each class of securities beneficially owned directly or indirectly.
Explanation of Responses:
(1) The Thomson Corporation ("Thomson") files this Form 3 in connection
with the Stockholders Support Agreement, dated as of April 2, 2003 (the
"Stockholders Agreement"), among Thomson, Gulf Acquisition Corp., a Delaware
corporation and an indirect wholly-owned subsidiary of Thomson (the
"Purchaser"), and certain stockholders (the "Significant Stockholders") of Elite
Information Group, Inc. (the "Company"). The Stockholders Agreement requires the
Significant Stockholders, who own approximately 21.5% of the outstanding shares
of common stock, par value $0.01 per share (the "Shares") of the Company, to (i)
validly tender (and not withdraw) their Shares into Purchaser's offer to
purchase any and all of the outstanding Shares, at a purchase price of $14.00
per Share (such amount, or any greater amount per Share paid pursuant to the
Offer (as defined below), being the "Per Share Amount"), net to the seller in
cash, without interest, upon the terms and subject to the conditions described
in the Offer to Purchase, dated as of April 11, 2003, and in the related Letter
of Transmittal (which, together with the Offer to Purchase and any amendments or
supplements thereto, collectively constitute the "Offer") and (ii) grant a proxy
to Purchase to vote their Shares in favor of the Merger (as defined below), if
applicable. Such Offer is currently scheduled to expire on May 8, 2003, subject
to any extension of the expiration date. The Offer is being made by the
Purchaser pursuant to the Agreement and Plan of Merger, dated as of April 2,
2003 (the "Merger Agreement"), among Thomson, the Purchaser and the Company.
Pursuant to the terms of the Merger Agreement, after the expiration of the
Offer, the Purchaser will be merged (the "Merger") with and into the Company,
with the Company continuing as the surviving corporation and an indirect
wholly-owned subsidiary of Thomson. Consequently, for the purposes of
determining Thomson's status as a 10% holder, Thomson is deemed to own
beneficially 2,062,937 Shares pursuant to the Purchaser's voting power over such
Shares. However, for Form 3 reporting purposes, Thomson is not the beneficial
owner of any Shares because Thomson currently has no pecuniary interest in the
Shares subject to the Stockholders Agreement and will obtain such pecuniary
interest only upon consummation of the Offer.
(2) The Purchaser also files this Form 3 pursuant to the Stockholders
Agreement, but has no securities to report thereunder for the same reason that
Thomson does not.
/s/ Edward A. Friedland April 11, 2003
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date
The Thomson Corporation
Name: Edward A. Friedland
Title: Assistant Secretary
/s/ Edward A. Friedland April 11, 2003
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date
Gulf Acquisition Corp.
Name: Edward A. Friedland
Title: Vice President
* If the form is filed by more than one reporting person, see Instruction
5(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).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Page 2 of 3
Other Reporting Person (Pursuant to Instruction 5(b)(v))
Gulf Acquisition Corp.
Metro Center
One Station Place
Stamford, CT 06902
Designated Filer: The Thomson Corporation
Date of Event Requiring Statement: 4/2/03
Issuer Name and Ticker on Trading Symbol: Elite Information Group, Inc. (ELTE)
Page 3 of 3