0000902664-05-000200.txt : 20120705 0000902664-05-000200.hdr.sgml : 20120704 20050203174716 ACCESSION NUMBER: 0000902664-05-000200 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20050204 DATE AS OF CHANGE: 20050203 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DIKER MANAGEMENT LLC CENTRAL INDEX KEY: 0001276525 IRS NUMBER: 043616914 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2129040321 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: I MANY INC CENTRAL INDEX KEY: 0001104017 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 010524931 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59353 FILM NUMBER: 05574483 BUSINESS ADDRESS: STREET 1: 537 CONGRESS STREET STREET 2: 5TH FLOOR CITY: PORTLAND STATE: ME ZIP: 04101 BUSINESS PHONE: 2077743244 MAIL ADDRESS: STREET 1: 537 CONGRESS STREET CITY: PORTLAND STATE: ME ZIP: 04101 SC 13D/A 1 srz9808754v1.txt I-MANY, INC. SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13D/A* (Rule 13d-101) AMENDMENT NO.1 INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a) I-MANY, INC. (Name of Issuer) COMMON STOCK, $0.0001 PAR VALUE (Title of Class of Securities) 44973Q103 (CUSIP Number) Charles Penner Schulte Roth & Zabel LLP 919 Third Avenue New York, NY 10022 212-756-2306 (Name, address and telephone number of person authorized to receive notices and communications) JANUARY 3, 2005 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [X]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 11 Pages) ---------------- *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 purposes 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). CUSIP No. 44973Q103 13D/A Page 2 of 11 Pages ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Diker Value-Tech Fund, LP I.R.S. IDENTIFICATION NO. 37-1444088 OF ABOVE PERSONS (ENTITIES ONLY) ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ----------------------------------------------------------------------------- (3) SEC USE ONLY ----------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC ----------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ----------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES -------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 3,142,413 OWNED BY -------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING -------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 3,142,413 ----------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,142,413 ----------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] ----------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.5% ----------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN* ----------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No.44973Q103 13D/A Page 3 of 11 Pages ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Diker Value-Tech QP Fund, LP I.R.S. IDENTIFICATION NO. 42-1622604 OF ABOVE PERSONS (ENTITIES ONLY) ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ----------------------------------------------------------------------------- (3) SEC USE ONLY ----------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC ----------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ----------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES -------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 3,546,043 OWNED BY -------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING -------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 3,546,043 ----------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,546,043 ----------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] ----------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.4% ----------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN* ----------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No.44973Q103 13D/A Page 4 of 11 Pages ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Diker GP, LLC I.R.S. IDENTIFICATION NO. 37-1444083 OF ABOVE PERSONS (ENTITIES ONLY) ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ----------------------------------------------------------------------------- (3) SEC USE ONLY ----------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** AF ----------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ----------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES -------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 7,569,704 OWNED BY -------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING -------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 7,569,704 ----------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,569,704 ----------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] ----------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18% ----------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** OO* ----------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No.44973Q103 13D/A Page 5 of 11 Pages ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Diker Management, LLC I.R.S. IDENTIFICATION NO. 04-3616914 OF ABOVE PERSONS (ENTITIES ONLY) ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ----------------------------------------------------------------------------- (3) SEC USE ONLY ----------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** AF ----------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ----------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ----------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES -------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 8,119,277 OWNED BY -------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING -------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 8,119,277 ----------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,119,277 ----------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] ----------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.4% ----------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** IA* ----------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No.44973Q109 13D/A Page 6 of 11 Pages ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Charles M. Diker I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSONS (ENTITIES ONLY) ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ----------------------------------------------------------------------------- (3) SEC USE ONLY ----------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** AF ----------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ----------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States ----------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES -------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 8,119,277 OWNED BY -------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING -------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 8,119,277 ----------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,119,277 ----------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] ----------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.4% ----------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** IN* ----------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No.44973Q103 13D/A Page 7 of 11 Pages ----------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Mark N. Diker I.R.S. IDENTIFICATION NO. ###-##-#### OF ABOVE PERSONS (ENTITIES ONLY) ----------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] ----------------------------------------------------------------------------- (3) SEC USE ONLY ----------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** AF ----------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ----------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States ----------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES -------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 8,119,277 OWNED BY -------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING -------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 8,119,277 ----------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,119,277 ----------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] ----------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 19.4% ----------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** IN* ----------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 44973Q103 13D/A Page 8 of 11 Pages Item 1. Security and Issuer. This Schedule 13D, initially filed on January 6, 2005, relating to the Common Stock, $0.0001 par value (the "Stock") of I-many, Inc. (the "Company"), located at 399 Thornall St, 12th Floor Edison, NJ 08837, is hereby amended and supplemented by this Amendment No. 1 to the Schedule 13D as follows: Item 4. Purpose of the Transaction. Item 4 of the Schedule 13D is hereby supplemented as follows: Following the release by the Company of its fourth quarter results, the Reporting Persons reaffirm their opposition to the proposed acquisition of the Company by Selectica in view of their belief that the acquisition price at $1.55 per share is inadequate. Additionally, the Reporting Persons, who together constitute the largest shareholder of the Company, announced their intention to demand appraisal rights for the fair value of their shares under Delaware law if the merger is pursued. On February 3, 2005 the Reporting Persons issued a press release reflecting the foregoing, a copy of which is filed as an exhibit hereto and the text of which is incorporated herein by reference. Item 7. Material to be Filed as Exhibits Item 7 is hereby supplemented as follows: Attached hereto as Exhibit 1 is a Press Release, dated February 3, 2005. CUSIP No. 44973Q103 13D/A Page 9 of 11 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: February 3, 2005 DIKER VALUE-TECH FUND, LP BY ITS GENERAL PARTNER DIKER GP, LLC /s/ Mark N. Diker ------------------------------------ NAME: MARK N. DIKER TITLE: MANAGING MEMBER DIKER VALUE-TECH QP FUND, LP BY ITS GENERAL PARTNER DIKER GP, LLC /s/ Mark N. Diker ------------------------------------ NAME: MARK N. DIKER TITLE: MANAGING MEMBER DIKER GP, LLC /s/ Mark N. Diker ------------------------------------ NAME: MARK N. DIKER TITLE: MANAGING MEMBER DIKER MANAGEMENT, LLC /s/ Mark N. Diker ------------------------------------ NAME: MARK N. DIKER TITLE: MANAGING MEMBER CUSIP No. 44973Q103 13D Page 10 of 11 Pages CHARLES M. DIKER, INDIVIDUALLY /s/ Charles M. Diker ------------------------------------ NAME: CHARLES M. DIKER MARK N. DIKER, INDIVIDUALLY /s/ Mark N. Diker ------------------------------------ NAME: MARK N. DIKER EX-99 2 srz9808454v5.txt PRESS RELEASE PRESS RELEASE FOR IMMEDIATE RELEASE For information contact Diker Management, LLC Mark N. Diker - (212) 904-0321 I-MANY'S LARGEST STOCKHOLDER REAFFIRMS OPPOSITION TO SELECTICA MERGER FOLLOWING EARNINGS RELEASE AND ANNOUNCES INTENTION TO SEEK APPRAISAL RIGHTS New York, NY - February 3, 2005 - Following the release by I-many, Inc. (NasdaqNM: IMNY) ("I-many") of its fourth quarter results on Tuesday, I-many's largest shareholder, Diker Management, LLC ("Diker Management"), reaffirmed its opposition to the proposed acquisition of I-many by Selectica at $1.55 per share. Diker Management also announced its intention to demand appraisal rights for the fair value of its shares under Delaware law if the merger is pursued. Funds and accounts managed by Diker Management own approximately 19.4% of I-many's shares, and Diker Management noted that one of the conditions to the I-many acquisition by Selectica, subject to waiver, is that no more than 5% of the shares of I-many common stock outstanding shall have demanded appraisal rights under Delaware law. Diker Management has previously stated its belief that the $1.55 price per share to be paid by Selectica is less than I-many's intrinsic value given the company's future prospects, a view that it reaffirms following an extremely strong quarter of license bookings, totaling $5.7 million,1 particularly in the rapidly growing Industry Solutions area where revenues grew by over 100% sequentially and year-over-year. As I-many's CEO affirmed on yesterday's conference call: "The number of new transactions and new customers are the highest totals posted by I-many in over two years."(2) Diker Management further noted that I-many's CEO underscored the company's positive prospects and leading position in the rapidly growing Enterprise Contract Management industry by stating in yesterday's conference call: "The benefits of old lifecycle ECM, contract optimization, creation, compliance, complex payment calculations and settlements continues to resonate across virtually every industry, as well as our traditional Life Science LOB and clearly distances I-many from potential competitors. The coming flurry of new product introductions, significant enhancements to existing products and looming release of ECMF 4.0 will erect barriers of significance to potential competitors in the space that we have defined." As indicated by the recent quarterly results and management's confirmed guidance of 10%-15% revenue growth and pro-forma profitability for 2005(1), Diker Management believes I-many has significant momentum in its business and that Selectica's price does not adequately reflect I-many's bright future. ### -------- (1) I-Many 4th Quarter 2004 quarterly earnings release dated February 1, 2005. (2) I-Many transcript of 4th quarter 2004 earnings call, dated February 2, 2005.