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<P align="center"><FONT size="2">As filed with the Securities and Exchange Commission on March&nbsp;14, 2003.
</FONT>
<P align="right"><FONT size="2">Registration No.&nbsp;333-&#091;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#093;
</FONT>
<P align="center"><FONT size="2">SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549
</FONT>
<P align="center"><HR align="center" size="1" width="26%" noshade>
<P align="center"><FONT size="2"><B>FORM S-8</B><BR>
REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933
</FONT>
<P><HR align="center" size="1" width="26%" noshade>
<P align="center"><FONT size="2"><B>ACE*COMM CORPORATION</B><BR>
(Exact name of registrant as specified in its charter)
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2"><B>Maryland</B><BR>
(State or other jurisdiction<BR>
of incorporation or organization)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<B>52-1283030</B><BR>
(IRS Employer Identification No.)</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2"><B>704 Quince Orchard Road,<BR>
Gaithersburg, Maryland 20877<BR>
(301)&nbsp;721-3000</B><BR>
(Address and Telephone Number of Principal Executive Offices)
</FONT>
<P align="center"><FONT size="2"><B>QUALIFIED ACE*COMM CORPORATION EMPLOYEE STOCK PURCHASE PLAN</B><BR>
(Full title of the Plan)
</FONT>
<P align="center"><FONT size="2"><B>GEORGE T. JIMENEZ<BR>
ACE*COMM CORPORATION<BR>
704 QUINCE ORCHARD ROAD<BR>
GAITHERSBURG, MARYLAND 20878<BR>
(301)&nbsp;721-3000</B><BR>
(Name, Address and Telephone Number, Including Area Code, of Agent for Service)
</FONT>
<P align="center"><FONT size="2">Copy to:<BR>
ARIEL VANNIER, ESQ.<BR>
VENABLE, BAETJER, HOWARD &#038; CIVILETTI, LLP<BR>
1201 NEW YORK AVENUE, NW<BR>
SUITE 1000<BR>
WASHINGTON, DC 20005<BR>
(202)&nbsp;962-4800
</FONT>
<P align="center"><HR align="center" size="1" width="26%" noshade>
<P align="center"><FONT size="2"><B>CALCULATION OF REGISTRATION FEE</B>
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Title of Each Class</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed Maximum</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed Maximum</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>of Securities to be</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount to be</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering Price Per</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Aggregate Offering</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Registered</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registered (1)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Share (2)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Price (2)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registration Fee</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Common Stock, par
value $.01 per
share</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">240,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">.92</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">220,800</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">21</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="2%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="95%"><FONT size="2">Pursuant to Rule&nbsp;416 of the Securities Act of 1933, as amended (the
&#147;Securities Act&#148;), this Registration Statement
also covers such additional shares of Common Stock as may become issuable
pursuant to stock splits, stock dividends and the anti-dilution provisions of
the Qualified ACE*COMM Corporation Employee Stock Purchase Plan, as amended
(the &#147;Plan&#148;). The amount to be registered reflects the difference between
the amount previously registered on the Registrant&#146;s Form&nbsp;S-8 filed with the
Commission on September&nbsp;29, 1999 and the aggregate number of shares available
under the Plan.</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="2%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="95%"><FONT size="2">Calculated solely for the purpose of computing the registration fee
pursuant to Rules&nbsp;457(c) and (h), based upon the average of the high and
low prices of the Registrant&#146;s Common Stock reported on the Nasdaq
National Market on March&nbsp;7, 2003.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">-1-</FONT>
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<P align="center"><FONT size="2"><B>Explanatory Note</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement relates to Form&nbsp;S-8 Registration Statement No.
333-88079, filed on September&nbsp;29, 1999, pursuant to which the Registrant
registered 240,000 shares of common stock for issuance under the ACE*COMM
Corporation Employee Stock Purchase Plan. The contents of that registration
statement are incorporated by reference herein pursuant to General Instruction
E to Form&nbsp;S-8. This Registration Statement relates to the amendment of the
Plan. The Plan has been amended to increase the number of shares of common
stock authorized to be issued thereunder from 240,000 shares to 480,000 shares.
The previously paid filing fee associated with the referenced securities under
the registration statement is $280.
</FONT>
<P align="center"><FONT size="2"><B>PART I</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not required to be included in this Registration Statement on Form&nbsp;S-8
pursuant to the Introductory Note to Part I of Form&nbsp;S-8.
</FONT>
<P align="center"><FONT size="2"><B>PART II</B>
</FONT>

<P align="left"><FONT size="2"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents previously filed with the Securities and Exchange
Commission (the &#147;Commission&#148;) by ACE*COMM Corporation (Commission File No.
0-21059) (the &#147;Registrant&#148; or &#147;Company&#148;) are incorporated herein by reference:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2">The Registrant&#146;s most recent Annual Report on Form&nbsp;10-K, for
the year ended June&nbsp;30, 2002, originally filed with the Commission on
October&nbsp;1, 2002, as amended by a Report on Form&nbsp;10-K/A, filed with
the Commission on October&nbsp;3, 2002 and as amended by a Report on Form
10-K/A, filed with the Commission on October&nbsp;25, 2002), which Report,
as amended, contains audited financial statements for the fiscal year
ended June&nbsp;30, 2002;</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2">The Registrant&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter
ended September&nbsp;30, 2002, filed with the Commission on November&nbsp;14,
2002;</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2">The Registrant&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter
ended December&nbsp;31, 2002, filed with the Commission on February&nbsp;14,
2003;</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">(4)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2">The Registrant&#146;s Current Report on Form&nbsp;8-K, filed with the
Commission on January&nbsp;16, 2003;</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">(5)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2">The Registrant&#146;s Current Report on Form&nbsp;8-K, filed with the
Commission on January&nbsp;23, 2003;</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">(6)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2">The Registrant&#146;s Current Report on Form&nbsp;8-K, filed with the
Commission on January&nbsp;30, 2003; and</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">(7)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2">The description of the Registrant&#146;s Common Stock contained in
the Registrant&#146;s Registration Statement on Form&nbsp;8-A as filed with the
Commission on July&nbsp;19, 1996, including any amendment or report filed
to update the description.</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c),
14 or 15(d) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange
Act&#148;) after the date of this Registration Statement and prior to the filing of
a post-effective amendment which indicates that all securities offered have
been sold or deregisters all securities then remaining unsold shall be deemed
to be incorporated by reference in this Registration Statement and to be a part
hereof from the date of filing of such documents. Any statement contained
herein or in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained herein or in
any other subsequently filed document that also is or is deemed to be
incorporated herein by reference modifies or supersedes such earlier statement.
Any statement so
</FONT>
<P align="center"><FONT size="2">-2-</FONT>
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<P><FONT size="2">modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;4. Description of Securities.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2-418 of the Corporations and Associations Article of the
Annotated Code of Maryland permits a corporation to indemnify its present and
former directors and officers, among others, against judgments, penalties,
fines, settlements and reasonable expenses actually incurred by them in
connection with any proceeding to which they may be made a party by reason of
their services in those or other capacities, unless it is established that: (1)
the act or omission of the director or officer was material to the matter
giving rise to the proceeding and (a)&nbsp;was committed in bad faith or (b)&nbsp;was the
result of active and deliberate dishonesty; or (2)&nbsp;the director or officer
actually received an improper personal benefit in money, property or services;
or (3)&nbsp;in the case of any criminal proceeding, the director or officer had
reasonable cause to believe that the act or omission was unlawful. In
addition, Section&nbsp;2-418(f) of the Corporations and Associations Article of the
Annotated Code of Maryland permits a corporation to pay or reimburse, in
advance of the final disposition of a proceeding, reasonable expenses
(including attorney&#146;s fees) incurred by a present or former director or officer
made a party to the proceeding by reason of his service in that capacity,
provided that the corporation shall have received (1)&nbsp;a written affirmation by
the director or officer of his good faith belief that he has met the standard
of conduct necessary for indemnification by the corporation; and (2)&nbsp;a written
undertaking by or on his behalf to repay the amount paid or reimbursed by the
corporation if it shall ultimately be determined that the standard of conduct
was not met.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has provided for indemnification of directors, officers,
employees, and agents in Article&nbsp;VIII of its charter, as amended. This
provision reads as follows:
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1. Mandatory Indemnification.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall indemnify its currently acting and its former
directors and officers against any and all liabilities and expenses incurred in
connection with their services in such capacities to the maximum extent
permitted by the Maryland General Corporation Law, as from time to time
amended.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2. Discretionary Indemnification.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If approved by the Board of Directors, the Corporation may indemnify its
employees, agents and persons who serve and have served, at its request as a
director, officer, partner, trustee, employee or agent of another corporation,
partnership, joint venture or other enterprise or employee benefit plan to the
extent determined to be appropriate by the Board of Directors.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3. Advancing Expenses Prior to a Decision.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation shall advance expenses to its directors and officers
entitled to mandatory indemnification to the maximum extent permitted by the
Maryland General Corporation Law, as from time to time amended, and may in the
discretion of the Board of Directors advance expenses to employees, agents and
others who may be granted indemnification.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4. Other Provisions for Indemnification.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors may, by bylaw, resolution or agreement, make
further provision for indemnification of
</FONT>
<P align="center"><FONT size="2">-3-</FONT>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P><FONT size="2">directors, officers, employees and agents.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5. Limitation of Liability of Directors and Officers.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the maximum extent that limitations on the liability of directors and
officers are permitted by the Maryland General Corporation Law, as from time to
time amended, no director or officer of the Corporation shall have any
liability to the Corporation or its stockholders for money damages. This
limitation on liability applies to events occurring at the time a person serves
as a director or officer of the Corporation whether or not such person is a
director or officer at the time of any proceeding in which liability is
asserted.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6. Effect of Amendment or Repeal.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No amendment, modification or repeal of this charter, nor the adoption of
any additional provision of this charter or the By-laws nor, to the fullest
extent permitted by the Maryland General Corporation Law, any amendment,
modification or repeal of law shall eliminate or reduce the effect of the
provisions in this charter limiting liability or indemnifying certain persons
or adversely affect any right or protection then existing thereunder in respect
of any acts or omissions occurring prior to such amendment, modification,
repeal, or adoption.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;8. Exhibits.</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan is not subject to the requirements of the Employee Retirement
Income Security Act (ERISA)&nbsp;and is not intended to be qualified under Section
401(a) of the Internal Revenue Code of 1986, as amended.
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="2%" align="left" nowrap><FONT size="2">4.1</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="95%"><FONT size="2">Articles of Amendment and Restatement dated August&nbsp;19, 1996 (incorporated
herein by reference to Exhibit&nbsp;4.1 to the Company&#146;s Registration Statement
on Form&nbsp;S-8 (File No.&nbsp;333-12107)) and Articles of Amendment and Articles
Supplementary dated October&nbsp;15, 1996 (incorporated herein by reference to
Exhibit&nbsp;3.5 to the Company&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter
ended September&nbsp;30, 1998).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="2%" align="left" nowrap><FONT size="2">4.2</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="95%"><FONT size="2">Amended and Restated Bylaws, as amended (incorporated herein by
reference to Exhibit&nbsp;4.2 to the Company&#146;s Registration Statement on Form
S-8 (File No.&nbsp;333-12107)).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="2%" align="left" nowrap><FONT size="2">4.3</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="95%"><FONT size="2">Qualified ACE*COMM Corporation Employee Stock Purchase Plan (filed herewith).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="2%" align="left" nowrap><FONT size="2">5.1</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="95%"><FONT size="2">Opinion of Venable, Baetjer, Howard &#038; Civiletti, LLP (filed herewith).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="2%" align="left" nowrap><FONT size="2">23.1</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="95%"><FONT size="2">Consent of Ernst &#038; Young LLP (filed herewith).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="2%" align="left" nowrap><FONT size="2">23.2</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="95%"><FONT size="2">Consent of Venable, Baetjer, Howard &#038; Civiletti, LLP (contained in Exhibit&nbsp;5.1).</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="2%" align="left" nowrap><FONT size="2">24.1</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="95%"><FONT size="2">Power of Attorney (included in the Signature Page).</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2"><B>Item&nbsp;9. Undertakings.</B>
</FONT>

<P><FONT size="2">(a)&nbsp; The undersigned Registrant hereby undertakes:
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp; To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp; To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933 (the &#147;Securities Act&#148;);
</FONT>
<P align="center"><FONT size="2">-4-</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp; To reflect in the prospectus any facts or events arising after
the effective date of the Registration
Statement (or the most recent post-effective amendment thereof), which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement;
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp; To include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement;
</FONT>
<P><FONT size="2"><I>provided, however</I>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the Registrant pursuant to section 13 or section 15(d) of the
Exchange Act that are incorporated by reference in the Registration Statement.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp; That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial <I>bona
fide </I>offering thereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp; To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.
</FONT>
<P><FONT size="2">(b)&nbsp; The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant&#146;s annual report pursuant to Section&nbsp;13(a) or 15(d) of the Exchange
Act (and, where applicable, each filing of an employee benefit plan&#146;s annual
report pursuant to Section&nbsp;15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
</FONT>
<P><FONT size="2">(h)&nbsp; Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer of controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of
whether such indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such issue.
</FONT>
<P align="center"><FONT size="2">-5-</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="center"><FONT size="2"><U>SIGNATURES</U>
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the city of Gaithersburg in the State of Maryland on this
12th day of March, 2003.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">ACE*COMM CORPORATION</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">/s/ <I>George T. Jimenez</I><BR>
<HR size="1" noshade width="50%" align="left">
George T. Jimenez<BR>
Chief Executive Officer<BR>
(Principal Executive Officer)</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS that each person whose signature appears
below hereby constitute and appoints GEORGE T. JIMENEZ and LORETTA L. RIVERS,
or either of them acting alone, as his true and lawful attorneys-in-fact and
agents, with full power of substitution and resubstitution, for him and in his
name, place, and stead, in any and all capacities, to sign any and all
amendments (including post-effective amendments and supplements) to this
registration statement, or any related registration statement that is to be
effective upon filing pursuant to Rule&nbsp;462(b) under the Securities Act of 1933,
and to file the same, with all exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact and agents, and each of them, full power and
authority to do and perform each and every act and thing requisite and
necessary to be done in connection therewith, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or any of them, or their, or his
substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities indicated on this 12th day of March, 2003.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Capacity</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ <I>George T. Jimenez</I></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
President, Chief Executive Officer and Director
(Principal Executive Officer)</FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">George T. Jimenez</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ <I>Steven R. Delmar</I></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Chief Financial Officer</FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Steven R. Delmar</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ <I>Paul G. Casner, Jr.</I></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director</FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Paul G. Casner, Jr.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ <I>Gilbert A. Wetzel</I></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director</FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Gilbert A. Wetzel</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>


<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ <I>Harry M. Linowes</I></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director</FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Harry M. Linowes</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">-6-</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="2">EXHIBIT INDEX
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>EXHIBIT NUMBER</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>DESCRIPTION</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Articles of Amendment and Restatement dated August&nbsp;19, 1996 (incorporated
herein by reference to Exhibit&nbsp;4.1 to the Company&#146;s Registration Statement
on Form&nbsp;S-8 (File No.&nbsp;333-12107)) and Articles of Amendment and Articles
Supplementary dated October&nbsp;15, 1996 (incorporated herein by reference to
Exhibit&nbsp;3.5 to the Company&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter
ended September&nbsp;30, 1998).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Amended and Restated Bylaws, as amended (incorporated herein by reference
to Exhibit&nbsp;4.2 to the Company&#146;s Registration Statement on Form&nbsp;S-8 (File
No.&nbsp;333-12107)).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Qualified ACE*COMM Corporation Employee Stock Purchase Plan (filed
herewith).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">5.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Opinion of Venable, Baetjer, Howard &#038; Civiletti, LLP (filed herewith).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Ernst &#038; Young LLP (filed herewith).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Venable, Baetjer and Howard, LLP (contained in Exhibit&nbsp;5.1).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">24.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Power of Attorney (included in the Signature Page).</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">-7-</FONT>



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{"company-data": {"conformed-name": "ACE COMM CORP", "cik": "0001017526", "assigned-sic": "3669", "irs-number": "521283030", "state-of-incorporation": "MD", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-103811", "film-number": "03603412"}, "business-address": {"street1": "704 QUINCE ORCHARD RD", "city": "GAITHERBURG", "state": "MD", "zip": "20878", "phone": "3012589850"}, "mail-address": {"street1": "704 QUINCE ORCHARD ROAD", "city": "GAITHERSBERG", "state": "MD", "zip": "20878"}}
sv8
As filed with the Securities and Exchange Commission on March 14, 2003.
Registration No. 333-[     ]
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
ACE*COMM CORPORATION
(Exact name of registrant as specified in its charter)
Maryland
(State or other jurisdiction
of incorporation or organization)
52-1283030
(IRS Employer Identification No.)
704 Quince Orchard Road,
Gaithersburg, Maryland 20877
(301) 721-3000
(Address and Telephone Number of Principal Executive Offices)
QUALIFIED ACE*COMM CORPORATION EMPLOYEE STOCK PURCHASE PLAN
(Full title of the Plan)
GEORGE T. JIMENEZ
ACE*COMM CORPORATION
704 QUINCE ORCHARD ROAD
GAITHERSBURG, MARYLAND 20878
(301) 721-3000
(Name, Address and Telephone Number, Including Area Code, of Agent for Service)
Copy to:
ARIEL VANNIER, ESQ.
VENABLE, BAETJER, HOWARD & CIVILETTI, LLP
1201 NEW YORK AVENUE, NW
SUITE 1000
WASHINGTON, DC 20005
(202) 962-4800
CALCULATION OF REGISTRATION FEE
Title of Each Class
Proposed Maximum
Proposed Maximum
of Securities to be
Amount to be
Offering Price Per
Aggregate Offering
Amount of
Registered
Registered (1)
Share (2)
Price (2)
Registration Fee
Common Stock, par
value $.01 per
share
240,000
$
.92
$
220,800
$
21
(1)
Pursuant to Rule 416 of the Securities Act of 1933, as amended (the
"Securities Act"), this Registration Statement
also covers such additional shares of Common Stock as may become issuable
pursuant to stock splits, stock dividends and the anti-dilution provisions of
the Qualified ACE*COMM Corporation Employee Stock Purchase Plan, as amended
(the "Plan"). The amount to be registered reflects the difference between
the amount previously registered on the Registrant's Form S-8 filed with the
Commission on September 29, 1999 and the aggregate number of shares available
under the Plan.
(2)
Calculated solely for the purpose of computing the registration fee
pursuant to Rules 457(c) and (h), based upon the average of the high and
low prices of the Registrant's Common Stock reported on the Nasdaq
National Market on March 7, 2003.
-1-
Explanatory Note
This Registration Statement relates to Form S-8 Registration Statement No.
333-88079, filed on September 29, 1999, pursuant to which the Registrant
registered 240,000 shares of common stock for issuance under the ACE*COMM
Corporation Employee Stock Purchase Plan. The contents of that registration
statement are incorporated by reference herein pursuant to General Instruction
E to Form S-8. This Registration Statement relates to the amendment of the
Plan. The Plan has been amended to increase the number of shares of common
stock authorized to be issued thereunder from 240,000 shares to 480,000 shares.
The previously paid filing fee associated with the referenced securities under
the registration statement is $280.
PART I
Not required to be included in this Registration Statement on Form S-8
pursuant to the Introductory Note to Part I of Form S-8.
PART II
Item 3. Incorporation of Documents by Reference.
The following documents previously filed with the Securities and Exchange
Commission (the "Commission") by ACE*COMM Corporation (Commission File No.
0-21059) (the "Registrant" or "Company") are incorporated herein by reference:
(1)
The Registrant's most recent Annual Report on Form 10-K, for
the year ended June 30, 2002, originally filed with the Commission on
October 1, 2002, as amended by a Report on Form 10-K/A, filed with
the Commission on October 3, 2002 and as amended by a Report on Form
10-K/A, filed with the Commission on October 25, 2002), which Report,
as amended, contains audited financial statements for the fiscal year
ended June 30, 2002;
(2)
The Registrant's Quarterly Report on Form 10-Q for the quarter
ended September 30, 2002, filed with the Commission on November 14,
2002;
(3)
The Registrant's Quarterly Report on Form 10-Q for the quarter
ended December 31, 2002, filed with the Commission on February 14,
2003;
(4)
The Registrant's Current Report on Form 8-K, filed with the
Commission on January 16, 2003;
(5)
The Registrant's Current Report on Form 8-K, filed with the
Commission on January 23, 2003;
(6)
The Registrant's Current Report on Form 8-K, filed with the
Commission on January 30, 2003; and
(7)
The description of the Registrant's Common Stock contained in
the Registrant's Registration Statement on Form 8-A as filed with the
Commission on July 19, 1996, including any amendment or report filed
to update the description.
All documents filed by the Registrant pursuant to Sections 13(a), 13(c),
14 or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act") after the date of this Registration Statement and prior to the filing of
a post-effective amendment which indicates that all securities offered have
been sold or deregisters all securities then remaining unsold shall be deemed
to be incorporated by reference in this Registration Statement and to be a part
hereof from the date of filing of such documents. Any statement contained
herein or in a document incorporated or deemed to be incorporated by reference
herein shall be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained herein or in
any other subsequently filed document that also is or is deemed to be
incorporated herein by reference modifies or supersedes such earlier statement.
Any statement so
-2-
modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 2-418 of the Corporations and Associations Article of the
Annotated Code of Maryland permits a corporation to indemnify its present and
former directors and officers, among others, against judgments, penalties,
fines, settlements and reasonable expenses actually incurred by them in
connection with any proceeding to which they may be made a party by reason of
their services in those or other capacities, unless it is established that: (1)
the act or omission of the director or officer was material to the matter
giving rise to the proceeding and (a) was committed in bad faith or (b) was the
result of active and deliberate dishonesty; or (2) the director or officer
actually received an improper personal benefit in money, property or services;
or (3) in the case of any criminal proceeding, the director or officer had
reasonable cause to believe that the act or omission was unlawful. In
addition, Section 2-418(f) of the Corporations and Associations Article of the
Annotated Code of Maryland permits a corporation to pay or reimburse, in
advance of the final disposition of a proceeding, reasonable expenses
(including attorney's fees) incurred by a present or former director or officer
made a party to the proceeding by reason of his service in that capacity,
provided that the corporation shall have received (1) a written affirmation by
the director or officer of his good faith belief that he has met the standard
of conduct necessary for indemnification by the corporation; and (2) a written
undertaking by or on his behalf to repay the amount paid or reimbursed by the
corporation if it shall ultimately be determined that the standard of conduct
was not met.
The Registrant has provided for indemnification of directors, officers,
employees, and agents in Article VIII of its charter, as amended. This
provision reads as follows:
Section 1. Mandatory Indemnification.
The Corporation shall indemnify its currently acting and its former
directors and officers against any and all liabilities and expenses incurred in
connection with their services in such capacities to the maximum extent
permitted by the Maryland General Corporation Law, as from time to time
amended.
Section 2. Discretionary Indemnification.
If approved by the Board of Directors, the Corporation may indemnify its
employees, agents and persons who serve and have served, at its request as a
director, officer, partner, trustee, employee or agent of another corporation,
partnership, joint venture or other enterprise or employee benefit plan to the
extent determined to be appropriate by the Board of Directors.
Section 3. Advancing Expenses Prior to a Decision.
The Corporation shall advance expenses to its directors and officers
entitled to mandatory indemnification to the maximum extent permitted by the
Maryland General Corporation Law, as from time to time amended, and may in the
discretion of the Board of Directors advance expenses to employees, agents and
others who may be granted indemnification.
Section 4. Other Provisions for Indemnification.
The Board of Directors may, by bylaw, resolution or agreement, make
further provision for indemnification of
-3-
directors, officers, employees and agents.
Section 5. Limitation of Liability of Directors and Officers.
To the maximum extent that limitations on the liability of directors and
officers are permitted by the Maryland General Corporation Law, as from time to
time amended, no director or officer of the Corporation shall have any
liability to the Corporation or its stockholders for money damages. This
limitation on liability applies to events occurring at the time a person serves
as a director or officer of the Corporation whether or not such person is a
director or officer at the time of any proceeding in which liability is
asserted.
Section 6. Effect of Amendment or Repeal.
No amendment, modification or repeal of this charter, nor the adoption of
any additional provision of this charter or the By-laws nor, to the fullest
extent permitted by the Maryland General Corporation Law, any amendment,
modification or repeal of law shall eliminate or reduce the effect of the
provisions in this charter limiting liability or indemnifying certain persons
or adversely affect any right or protection then existing thereunder in respect
of any acts or omissions occurring prior to such amendment, modification,
repeal, or adoption.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The Plan is not subject to the requirements of the Employee Retirement
Income Security Act (ERISA) and is not intended to be qualified under Section
401(a) of the Internal Revenue Code of 1986, as amended.
4.1
Articles of Amendment and Restatement dated August 19, 1996 (incorporated
herein by reference to Exhibit 4.1 to the Company's Registration Statement
on Form S-8 (File No. 333-12107)) and Articles of Amendment and Articles
Supplementary dated October 15, 1996 (incorporated herein by reference to
Exhibit 3.5 to the Company's Quarterly Report on Form 10-Q for the quarter
ended September 30, 1998).
4.2
Amended and Restated Bylaws, as amended (incorporated herein by
reference to Exhibit 4.2 to the Company's Registration Statement on Form
S-8 (File No. 333-12107)).
4.3
Qualified ACE*COMM Corporation Employee Stock Purchase Plan (filed herewith).
5.1
Opinion of Venable, Baetjer, Howard & Civiletti, LLP (filed herewith).
23.1
Consent of Ernst & Young LLP (filed herewith).
23.2
Consent of Venable, Baetjer, Howard & Civiletti, LLP (contained in Exhibit 5.1).
24.1
Power of Attorney (included in the Signature Page).
Item 9. Undertakings.
(a)  The undersigned Registrant hereby undertakes:
(1)  To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
(i)  To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933 (the "Securities Act");
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(ii)  To reflect in the prospectus any facts or events arising after
the effective date of the Registration
Statement (or the most recent post-effective amendment thereof), which,
individually or in the aggregate, represent a fundamental change in the
information set forth in the Registration Statement;
(iii)  To include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement;
provided, however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the Registrant pursuant to section 13 or section 15(d) of the
Exchange Act that are incorporated by reference in the Registration Statement.
(2)  That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial
bona
fide
offering thereof.
(3)  To remove from registration by means of a post-effective amendment any
of the securities being registered which remain unsold at the termination of
the offering.
(b)  The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange
Act (and, where applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(h)  Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer of controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of
whether such indemnification by it is against public policy as expressed in the
Securities Act and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the city of Gaithersburg in the State of Maryland on this
12th day of March, 2003.
ACE*COMM CORPORATION
/s/
George T. Jimenez
George T. Jimenez
Chief Executive Officer
(Principal Executive Officer)
KNOW ALL MEN BY THESE PRESENTS that each person whose signature appears
below hereby constitute and appoints GEORGE T. JIMENEZ and LORETTA L. RIVERS,
or either of them acting alone, as his true and lawful attorneys-in-fact and
agents, with full power of substitution and resubstitution, for him and in his
name, place, and stead, in any and all capacities, to sign any and all
amendments (including post-effective amendments and supplements) to this
registration statement, or any related registration statement that is to be
effective upon filing pursuant to Rule 462(b) under the Securities Act of 1933,
and to file the same, with all exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, granting
unto said attorneys-in-fact and agents, and each of them, full power and
authority to do and perform each and every act and thing requisite and
necessary to be done in connection therewith, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or any of them, or their, or his
substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities indicated on this 12th day of March, 2003.
Signature
Capacity
/s/
George T. Jimenez
President, Chief Executive Officer and Director
(Principal Executive Officer)
George T. Jimenez
/s/
Steven R. Delmar
Chief Financial Officer
Steven R. Delmar
/s/
Paul G. Casner, Jr.
Director
Paul G. Casner, Jr.
/s/
Gilbert A. Wetzel
Director
Gilbert A. Wetzel
/s/
Harry M. Linowes
Director
Harry M. Linowes
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EXHIBIT INDEX
EXHIBIT NUMBER
DESCRIPTION
4.1
Articles of Amendment and Restatement dated August 19, 1996 (incorporated
herein by reference to Exhibit 4.1 to the Company's Registration Statement
on Form S-8 (File No. 333-12107)) and Articles of Amendment and Articles
Supplementary dated October 15, 1996 (incorporated herein by reference to
Exhibit 3.5 to the Company's Quarterly Report on Form 10-Q for the quarter
ended September 30, 1998).
4.2
Amended and Restated Bylaws, as amended (incorporated herein by reference
to Exhibit 4.2 to the Company's Registration Statement on Form S-8 (File
No. 333-12107)).
4.3
Qualified ACE*COMM Corporation Employee Stock Purchase Plan (filed
herewith).
5.1
Opinion of Venable, Baetjer, Howard & Civiletti, LLP (filed herewith).
23.1
Consent of Ernst & Young LLP (filed herewith).
23.2
Consent of Venable, Baetjer and Howard, LLP (contained in Exhibit 5.1).
24.1
Power of Attorney (included in the Signature Page).
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