-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ND2Wh6qzHfWmcIku/dTa5mo3Hjrmb1Afgn5FWriB2K09EaR1BfnS9j/2mDvn/F1d Krrx6FYpPnwgqUv5yeHkwg== 0001011438-11-000140.txt : 20110216 0001011438-11-000140.hdr.sgml : 20110216 20110216163702 ACCESSION NUMBER: 0001011438-11-000140 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110216 DATE AS OF CHANGE: 20110216 GROUP MEMBERS: JOSEPH U. BARTON GROUP MEMBERS: THOMAS U. BARTON GROUP MEMBERS: WHITE ROCK CAPITAL (TX), INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Black Diamond, Inc. CENTRAL INDEX KEY: 0000913277 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 581972600 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54249 FILM NUMBER: 11618043 BUSINESS ADDRESS: STREET 1: 2084 EAST 3900 SOUTH CITY: SALT LAKE CITY STATE: UT ZIP: 84124 BUSINESS PHONE: 801-278-5552 MAIL ADDRESS: STREET 1: 2084 EAST 3900 SOUTH CITY: SALT LAKE CITY STATE: UT ZIP: 84124 FORMER COMPANY: FORMER CONFORMED NAME: CLARUS CORP DATE OF NAME CHANGE: 19980911 FORMER COMPANY: FORMER CONFORMED NAME: SQL FINANCIALS INTERNATIONAL INC /DE/ DATE OF NAME CHANGE: 19980911 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHITE ROCK CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001051272 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3131 TURLTE CREEK BLVD CITY: DALLAS STATE: TX ZIP: 75219 BUSINESS PHONE: 2149793000 MAIL ADDRESS: STREET 1: 3131 TURTLE CREEK BLVD CITY: DALLAS STATE: TX ZIP: 75219 SC 13G/A 1 form_sc13ga-clarus.htm form_sc13ga-clarus.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 8)*

CLARUS CORPORATION
(Name of Issuer)

Common Stock, $.0001 Par Value Per Share
(Title of Class of Securities)

182707109
(CUSIP Number)

February 14, 2011
(Date of Event which Requires Filing
of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:


[   ]
 Rule 13d-1(b)
[X]
 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 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).

Continued on following pages
Page 1 of 9 Pages

 
 

 

CUSIP NO.  182707109
Page 2 of 9 Pages


1.
Names of Reporting Persons

WHITE ROCK CAPITAL MANAGEMENT, L.P.


2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.  
[   ]
b.  
[X]

3.
SEC Use Only

4.
Citizenship or Place of Organization

TEXAS

 
5.
Sole Voting Power
Number of
Shares
 
0
Beneficially
Owned By
Each
6.
Shared Voting Power
27,992
Reporting
Person
With
7.
Sole Dispositive Power
0
 
8.
Shared Dispositive Power
   
27,992


9.
Aggregate Amount Beneficially Owned by Each Reporting Person

27,992

10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

[X]

11.
Percent of Class Represented By Amount in Row (9)


0.13%

12.
Type of Reporting Person (See Instructions)

PN; IA




 
 

 

CUSIP NO.  182707109
Page 3 of 9 Pages


1.
Names of Reporting Persons

WHITE ROCK CAPITAL (TX), INC.


2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.  
[   ]
b.  
[X]

3.
SEC Use Only

4.
Citizenship or Place of Organization

TEXAS

 
5.
Sole Voting Power
Number of
Shares
 
0
Beneficially
Owned By
Each
6.
Shared Voting Power
27,992
Reporting
Person
With
7.
Sole Dispositive Power
0
 
8.
Shared Dispositive Power
   
27,992

9.
Aggregate Amount Beneficially Owned by Each Reporting Person

27,992

10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

[X]

11.
Percent of Class Represented By Amount in Row (9)

0.13%

12.
Type of Reporting Person (See Instructions)

CO; IA

 
 

 

CUSIP NO.  182707109
Page 4 of 9 Pages


1.
Names of Reporting Persons

THOMAS U. BARTON


2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.  
[   ]
b.  
[X]

3.
SEC Use Only

4.
Citizenship or Place of Organization

UNITED STATES

 
5.
Sole Voting Power
Number of
Shares
 
88,200
Beneficially
Owned By
Each
6.
Shared Voting Power
27,992
Reporting
Person
With
7.
Sole Dispositive Power
88,200
 
8.
Shared Dispositive Power
   
27,992


9.
Aggregate Amount Beneficially Owned by Each Reporting Person

116,192

10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

[X]

11.
Percent of Class Represented By Amount in Row (9)

0.53%

12.
Type of Reporting Person (See Instructions)

IN; IA

 
 

 

CUSIP NO.  182707109
Page 5 of 9 Pages



1.
Names of Reporting Persons

JOSEPH U. BARTON


2.
Check the Appropriate Box If a Member of a Group (See Instructions)
a.  
[   ]
b.  
[X]

3.
SEC Use Only

4.
Citizenship or Place of Organization

UNITED STATES

 
5.
Sole Voting Power
Number of
Shares
 
111,200
Beneficially
Owned By
Each
6.
Shared Voting Power
27,992
Reporting
Person
With
7.
Sole Dispositive Power
111,200
 
8.
Shared Dispositive Power
   
27,992


9.
Aggregate Amount Beneficially Owned by Each Reporting Person

139,192

10.
Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

[X]

11.
Percent of Class Represented By Amount in Row (9)

0.64%

12.
Type of Reporting Person (See Instructions)

IN; IA

 
 

 

CUSIP NO.  182707109
Page 6 of 9 Pages

 
This eighth amended Schedule 13G relating to the Shares (as defined below) of Clarus Corporation, a Delaware corporation, amends and restates the seventh amended Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on February 14, 2011 (as amended, the “Schedule 13G”), which was inadvertently coded with the incorrect form type and filed as a Schedule 13D/A.  This Schedule 13G is filed herewith to correct the technical error relating to the form type of the previously filed Schedule 13G.
 
Item 1(a).
Name of Issuer:
   
 
Clarus Corporation (the "Issuer").
   
Item 1(b).
Address of the Issuer's Principal Executive Offices:
   
 
One Landmark Square
 
Stamford, Connecticut 06901
   
Item 2(a).
Name of Person Filing
   
 
The Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):

i)  
White Rock Capital Management, L.P., a Texas limited partnership (“White Rock Management”);

ii)  
White Rock Capital (TX), Inc., a Texas corporation (“White Rock, Inc.”);

iii)  
Thomas U. Barton; and
 
iv)  
Joseph U. Barton.


 
This statement relates to Shares held for the accounts of (i) an institutional client (the “White Rock Client”) of White Rock Management, (ii) White Rock Capital Partners, L.P., a Texas limited partnership ("White Rock Partners"), (iii) certain family limited partnerships and family trusts for which Thomas U. Barton serves as a member of the general partner or as trustee (the "Thomas U. Barton Entities"), and (iv) certain family limited partnerships and family trusts for which Joseph U. Barton serves as a member of the general partner or as trustee (the "Joseph U. Barton Entities").  The general partner of White Rock Partners is White Rock Management, the general partner of which is White Rock, Inc.  Thomas U. Barton and Joseph U. Barton are the shareholders of White Rock, Inc.  In such capacities , each of Thomas U. Barton and Joseph U. Barton may be deemed to be the beneficial owner of the Shares held for the account of White Rock Partners.  In his capacities as a member of the general partner or as trustee, Thomas U. Barton may be deemed to be the beneficial owner of the Shares held for the accounts of the Thomas U. Barton Entities.  In his capacities as a member of the general partner or as trustee, Joseph U. Barton may be deemed to be the beneficial owner of the Shares held for the accounts of the Joseph U. Barton Entities.

Item 2(b).
Address of Principal Business Office or, if None, Residence:
   
 
The address and principal business office of each of White Rock Management, White Rock, Inc., Thomas U. Barton and Joseph U. Barton is 3131 Turtle Creek Boulevard, Suite 800, Dallas, Texas 75219.
 
Item 2(c).
Citizenship:

i)  
White Rock Management is a Texas limited partnership;

ii)  
White Rock, Inc. is a Texas corporation;

iii)  
Thomas U. Barton is a United States citizen; and
 
iv)  
Joseph U. Barton is a United States citizen.

Item 2(d).
Title of Class of Securities:
 
 
Common Stock, $.0001 par value per share (the “Shares”).
 
Item 2(e).
CUSIP Number:
   
 
182707109
   

 
 

 

CUSIP NO.  182707109
Page 7 of 9 Pages



Item 3.
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
 
 
This Item 3 is not applicable.
 
Item 4.
Ownership:
   
Item 4(a).
Amount Beneficially Owned:
   
 
As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of the following number of Shares:
   
 
(i)  Each of White Rock Management and White Rock, Inc. may be deemed the beneficial owner of 27,992 Shares, which are held for the account of White Rock Partners.
   
 
(ii)  Thomas U. Barton may be deemed the beneficial owner of 116,192 Shares.  This number consists of (1) 27,992 Shares held for the account of White Rock Partners and (2) 88,200 Shares held for the accounts of the Thomas U. Barton Entities.
   
 
(iii)  Joseph U. Barton may be deemed the beneficial owner of 139,192 Shares.  This number consists of (1) 27,992 Shares held for the account of White Rock Partners and (2) 111,200 Shares held for the accounts of the Joseph U. Barton Entities.
   
Item 4(b).
Percent of Class:
   
 
(i)  The number of Shares of which each of White Rock Management and White Rock, Inc. may be deemed to be the beneficial owner constitutes approximately 0.13% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recent quarterly report on Form 10-Q, there were 21,738,484 Shares outstanding as of November 4, 2010).
   
 
(ii)  The number of Shares of which Thomas U. Barton may be deemed to be the beneficial owner constitutes approximately 0.53% of the total number of Shares outstanding.
   
 
(iii)  The number of Shares of which Joseph U. Barton may be deemed to be the beneficial owner constitutes approximately 0.64% of the total number of Shares outstanding.
   
Item 4(c).
Number of shares as to which such person has:
   

 
White Rock Management
 
(i)
Sole power to vote or direct the vote
0
 
(ii)
Shared power to vote or to direct the vote
27,992
 
(iii)
Sole power to dispose or to direct the disposition of
0
 
(iv)
Shared power to dispose or to direct the disposition of
27,992
 
 
White Rock, Inc.
 
(i)
Sole power to vote or direct the vote
0
 
(ii)
Shared power to vote or to direct the vote
27,992
 
(iii)
Sole power to dispose or to direct the disposition of
0
 
(iv)
Shared power to dispose or to direct the disposition of
27,992

 
Thomas U. Barton
 
(i)
Sole power to vote or direct the vote
88,200
 
(ii)
Shared power to vote or to direct the vote
27,992
 
(iii)
Sole power to dispose or to direct the disposition of
88,200
 
(iv)
Shared power to dispose or to direct the disposition of
27,992

 
Joesph U. Barton
 
(i)
Sole power to vote or direct the vote
111,200
 
(ii)
Shared power to vote or to direct the vote
27,992
 
(iii)
Sole power to dispose or to direct the disposition of
111,200
 
(iv)
Shared power to dispose or to direct the disposition of
27,992

 
 

 

CUSIP NO.  182707109
Page 8 of 9 Pages


Item 5.
Ownership of Five Percent or Less of a Class:
   
 
If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following [X].
   
Item 6.
Ownership of More than Five Percent on Behalf of Another Person:
   
 
(i)  The partners of White Rock Partners have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held by White Rock Partners in accordance with their partnership interests in White Rock Partners.
   
 
(ii)  The partners of the White Rock Client have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held by the White Rock Client in accordance with its partnership interests in the White Rock Client.
   
 
White Rock Partners expressly disclaims beneficial ownership of any Shares held for the account of the White Rock Client.  The White Rock Client expressly disclaims beneficial ownership of any Shares held for the account of White Rock Partners.
   
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
   
 
This Item 7 is not applicable.
   
Item 8.
Identification and Classification of Members of the Group:
   
 
This Item 8 is not applicable.
   
Item 9.
Notice of Dissolution of Group:
   
 
This Item 9 is not applicable.
   
Item 10.
Certification:

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


 
 

 

CUSIP NO.  182707109
Page 9 of 9 Pages


SIGNATURES

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


Date:  February 16, 2011
WHITE ROCK CAPITAL MANAGEMENT, L.P.
 
By: White Rock Capital (TX), Inc., its General Partner
   
 
By:          /s/ Paula Storey
 
Paula Storey
 
Attorney-in-Fact

Date:  February 16, 2011
WHITE ROCK CAPITAL (TX), INC.
   
 
By:          /s/ Paula Storey
 
Paula Storey
 
Attorney-in-Fact
   

Date:  February 16, 2011
THOMAS U. BARTON
   
 
By:          /s/ Paula Storey
 
Paula Storey
 
Attorney-in-Fact
   

Date:  February 16, 2011
JOSEPH U. BARTON
   
 
By:          /s/ Paula Storey
 
Paula Storey
 
Attorney-in-Fact
   



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