0001204459-11-003212.txt : 20111202 0001204459-11-003212.hdr.sgml : 20111202 20111202170052 ACCESSION NUMBER: 0001204459-11-003212 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111202 DATE AS OF CHANGE: 20111202 GROUP MEMBERS: PINNACLE FAMILY OFFICE INVESTMENTS, L.P. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KITT BARRY M CENTRAL INDEX KEY: 0001165244 FILING VALUES: FORM TYPE: SC 13G SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OVERLAND STORAGE INC CENTRAL INDEX KEY: 0000889930 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 953535285 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-53199 FILM NUMBER: 111241101 BUSINESS ADDRESS: STREET 1: 9112 SPECTRUM CENTER BOULEVARD CITY: SAN DIEGO STATE: CA ZIP: 92123 BUSINESS PHONE: 8585715555 MAIL ADDRESS: STREET 1: 9112 SPECTRUM CENTER BOULEVARD CITY: SAN DIEGO STATE: CA ZIP: 92123 FORMER COMPANY: FORMER CONFORMED NAME: OVERLAND DATA INC DATE OF NAME CHANGE: 19961212 SC 13G 1 sch13g.htm SCHEDULE 13G Pinnacle China Fund, L.P.: Schedule 13G - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED
PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)

(Amendment No. __)*

Overland Storage, Inc.
(Name of Issuer)

Common Stock, no par value
(Title of Class of Securities)

690310206
(CUSIP Number)

November 28, 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 in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


SCHEDULE 13G
 
CUSIP NO. 690310206                                                                                        Page 2 of 6
   
1

NAMES OF REPORTING PERSONS

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Pinnacle Family Office Investments, L.P., a Texas limited partnership  
27-1405464 

 
 
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

  
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5

SOLE VOTING POWER

  

1,489,164 shares of Common Stock
6

SHARED VOTING POWER

 

0
7

SOLE DISPOSITIVE POWER

 

1,489,164 shares of Common Stock
8

SHARED DISPOSITIVE POWER

 

0
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,489,164 shares of Common Stock

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

[    ]
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.3% (See Item 4)
12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

  

PN

  
 


SCHEDULE 13G
 
CUSIP NO. 690310206                                                                                        Page 3 of 6
   
1

NAMES OF REPORTING PERSONS

 

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Barry M. Kitt

 
 
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 of America

 
 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5

SOLE VOTING POWER

  

1,489,164 shares of Common Stock
6

SHARED VOTING POWER

 

0
7

SOLE DISPOSITIVE POWER

 

1,489,164 shares of Common Stock

8

SHARED DISPOSITIVE POWER

 

0
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,489,164 shares of Common Stock

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

[    ]
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

6.3% (See Item 4)
12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

  

IN

  
 

 

SCHEDULE 13G
 
CUSIP NO. 690310206                                                                                        Page 4 of 6

Item 1(a). Name of Issuer:
   
 

Overland Storage, Inc. (the "Issuer")

   
Item 1(b). Address of Issuer’s Principal Executive Offices:
   

9112 Spectrum Boulevard
San Diego, California 92123

   
Items 2(a), (b) and (c). Name of Persons Filing, Address of Principal Business Office and Citizenship:
   

This Schedule 13G is being filed on behalf of Pinnacle Family Office Investments, L.P. and Barry M. Kitt, as joint filers (collectively, the "Reporting Persons").

   

The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 1, pursuant to which the Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended.

   
The principal business office of the Reporting Persons is 4965 Preston Park Blvd., Suite 240, Plano, TX 75093. For citizenship, see Item 4 of each cover page.
   
Item 2(d). Title of Class of Securities:
   
  Common Stock, no par value (the "Common Stock")
   
Item 2(e). CUSIP Number:
   
  690310206
   
Item 3. Not applicable
   
Item 4. Ownership.

  (a)

Amount beneficially owned:

1,489,164 shares of Common Stock*

       
  (b)

Percent of class:

Based on 23,402,011 shares of Common Stock of the Issuer outstanding as of November 3, 2011, the Reporting Persons hold approximately 6.3%* of the issued and outstanding Common Stock of the Issuer.

       
  (c)

Number of shares to which such person has:

       
  (i)

Sole power to vote or direct the vote: 1,489,164 shares of Common Stock*

       
  (ii)

Shared power to vote or direct the vote: 0



SCHEDULE 13G
 
CUSIP NO. 690310206                                                                                        Page 5 of 6

  (iii)

Sole power to dispose or to direct the disposition of: 1,489,164 shares of Common Stock*

     
  (iv)

Shared power to dispose of or direct the disposition of: 0

*This statement is filed on behalf of Pinnacle Family Office Investments, L.P. (“Pinnacle”) and Barry M. Kitt. Pinnacle Family Office, LLC (“Pinnacle Family”) is the general partner of Pinnacle. Mr. Kitt is the manager of Pinnacle Family. Mr. Kitt may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by Pinnacle. Mr. Kitt expressly disclaims beneficial ownership of all shares of Common Stock beneficially owned by Pinnacle.

Item 5. Ownership of Five Percent or Less of a Class.
   
Not applicable
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
   
  Not applicable
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported By the Parent Holding Company.
   
  Not applicable
   
Item 8. Identification and Classification of Members of the Group.
   
  Not applicable
   
Item 9. Notice of Dissolution of a Group.
   
  Not applicable
   
Item 10. Certification.
   
By signing below I certify that, to the best of my 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 that purpose or effect.


SCHEDULE 13G
 
CUSIP NO. 690310206                                                                                        Page 6 of 6

SIGNATURE

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

Dated: December 2, 2011

PINNACLE FAMILY OFFICE
INVESTMENTS, L.P.

By: Pinnacle Family Office, LLC, its general partner

By: /s/ Barry M. Kitt                                      
Barry M. Kitt, its manager 

/s/ Barry M. Kitt                                              
Barry M. Kitt

SCHEDULE 13G

CUSIP NO. 690310206

Exhibit 1

JOINT FILING AGREEMENT 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to 1,489,164 shares of Common Stock of Overland Storage, Inc. and further agree that this Joint Filing Agreement shall be included as an exhibit to such joint filings.

The undersigned further agree that each party hereto is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided, however, that no party is responsible for the completeness or accuracy of the information concerning any other party making the filing, unless such party knows or has reason to believe that such information is inaccurate.

IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement on December 2, 2011.

 

PINNACLE FAMILY OFFICE
INVESTMENTS, L.P.

By: Pinnacle Family Office, LLC, its general partner

By: /s/ Barry M. Kitt                                      
Barry M. Kitt, its manager 

/s/ Barry M. Kitt                                              
Barry M. Kitt