Penson Worldwide, Inc.
|
(Name of Issuer)
|
Common Stock, par value $0.01 per share
|
(Title of Class of Securities)
|
709600100
|
(CUSIP Number)
|
August 15, 2012
|
(Date of Event Which Requires Filing of this Statement)
|
CUSIP No. 709600100
|
13G/A
|
Page 2 of 9
|
1
|
NAME OF REPORTING PERSONS
Tunstall Capital Management, L.P.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
5
|
SOLE VOTING POWER
0
|
||
6
|
SHARED VOTING POWER
0**
|
|||
7
|
SOLE DISPOSITIVE POWER
0
|
|||
8
|
SHARED DISPOSITIVE POWER
0**
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0**
|
|||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%**
|
|||
12
|
TYPE OF REPORTING PERSON*
IA, PN
|
CUSIP No. 709600100
|
13G/A
|
Page 3 of 9
|
1
|
NAME OF REPORTING PERSONS
Tunstall Capital Management GP, LLC
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
5
|
SOLE VOTING POWER
0
|
||
6
|
SHARED VOTING POWER
0**
|
|||
7
|
SOLE DISPOSITIVE POWER
0
|
|||
8
|
SHARED DISPOSITIVE POWER
0**
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0**
|
|||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%**
|
|||
12
|
TYPE OF REPORTING PERSON*
HC, OO
|
CUSIP No. 709600100
|
13G/A
|
Page 4 of 9
|
1
|
NAME OF REPORTING PERSONS
Highland Capital Management Services, Inc.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
5
|
SOLE VOTING POWER
0
|
||
6
|
SHARED VOTING POWER
0**
|
|||
7
|
SOLE DISPOSITIVE POWER
0
|
|||
8
|
SHARED DISPOSITIVE POWER
0**
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0**
|
|||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%**
|
|||
12
|
TYPE OF REPORTING PERSON*
HC, CO
|
CUSIP No. 709600100
|
13G/A
|
Page 5 of 9
|
1
|
NAME OF REPORTING PERSONS
Highland Capital Management, L.P.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
5
|
SOLE VOTING POWER
0
|
||
6
|
SHARED VOTING POWER
0**
|
|||
7
|
SOLE DISPOSITIVE POWER
0
|
|||
8
|
SHARED DISPOSITIVE POWER
0**
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0**
|
|||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%**
|
|||
12
|
TYPE OF REPORTING PERSON*
IA, PN
|
CUSIP No. 709600100
|
13G/A
|
Page 6 of 9
|
1
|
NAME OF REPORTING PERSONS
Strand Advisors, Inc.
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
5
|
SOLE VOTING POWER
0
|
||
6
|
SHARED VOTING POWER
0**
|
|||
7
|
SOLE DISPOSITIVE POWER
0
|
|||
8
|
SHARED DISPOSITIVE POWER
0**
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0**
|
|||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%**
|
|||
12
|
TYPE OF REPORTING PERSON*
HC, CO
|
CUSIP No. 709600100
|
13G/A
|
Page 7 of 9
|
1
|
NAME OF REPORTING PERSONS
James D. Dondero
|
|||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) [ ]
(b) [ ]
|
||
3
|
SEC USE ONLY
|
|||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
|||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
5
|
SOLE VOTING POWER
0
|
||
6
|
SHARED VOTING POWER
0**
|
|||
7
|
SOLE DISPOSITIVE POWER
0
|
|||
8
|
SHARED DISPOSITIVE POWER
0**
|
|||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0**
|
|||
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
|
|||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.0%**
|
|||
12
|
TYPE OF REPORTING PERSON*
HC, IN
|
Item 4 | Ownership. | |
Item 4 of the Schedule 13G is hereby amended and restated to read as follows: | ||
The Reporting Persons own 0 shares of Common Stock of the Issuer. | ||
Item 5 | Ownership of Five Percent or Less of a Class. | |
Item 5 of the Schedule 13G is hereby amended and restated to read as follows: | ||
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 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. |