-----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, PTvUs2Di+ew3xIGMV5RDRIxWFS3lrlZIDnf/DflFSqRqdqX3xpHd3AU7jP+qhFXr fvUiPDio1IQyKPaS5r/hOg== 0001193125-10-094473.txt : 20100427 0001193125-10-094473.hdr.sgml : 20100427 20100427124645 ACCESSION NUMBER: 0001193125-10-094473 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100427 DATE AS OF CHANGE: 20100427 GROUP MEMBERS: AARON BUKOWITZ GROUP MEMBERS: ADAM CHAVIS GROUP MEMBERS: CARLTON TRONVOLD GROUP MEMBERS: CAROLE SAMIOS GROUP MEMBERS: CHARLES FAX GROUP MEMBERS: CHUCK RIZZO GROUP MEMBERS: CINDI HINDMAN GROUP MEMBERS: DAVID FELTON GROUP MEMBERS: DENNIS OATES GROUP MEMBERS: DONNA VAN ALLEN GROUP MEMBERS: EDWARD ARONSON GROUP MEMBERS: FRANK VOYTICKY GROUP MEMBERS: GIL CAMPBELL GROUP MEMBERS: HENRY D. FELTON GROUP MEMBERS: HINDMAN FAMILY DYNASTY TRUST GROUP MEMBERS: J.E. OATES & SON, INC. GROUP MEMBERS: JACK KARNOWSKI GROUP MEMBERS: JOEL NICHOLSON GROUP MEMBERS: JOHN DONALD BLACK GROUP MEMBERS: MORROW REVOCABLE TRUST GROUP MEMBERS: PACIFIC ASSET PARTNERS GROUP MEMBERS: PATRICK P. WALSH GROUP MEMBERS: PETE BALDINE GROUP MEMBERS: RAY STICKLER GROUP MEMBERS: RICHARD NEAL FRANK GROUP MEMBERS: ROBERT AND BARBARA THORNE GROUP MEMBERS: SHANNON RIVERS GROUP MEMBERS: STAFFORD FAMILY TRUST GROUP MEMBERS: THE JAMES AND JANICE OMAN LIVING TRUST GROUP MEMBERS: THE ROGER MILTON BOETHIN TRUST GROUP MEMBERS: THE SUE ANN BOETHIN TRUST GROUP MEMBERS: TIM HINDMAN GROUP MEMBERS: VICTOR FRENKIL, JR. GROUP MEMBERS: VINCE ARIOSO GROUP MEMBERS: VINCE ARIOSO, JR. GROUP MEMBERS: WILLIS JAMES HINDMAN FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WALSH DONALD R CENTRAL INDEX KEY: 0001252048 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 3 BOXWOOD LANE CITY: LUTHERVILLE STATE: MD ZIP: 21093 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVATECH SOLUTIONS INC CENTRAL INDEX KEY: 0000852437 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 841035353 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47261 FILM NUMBER: 10772547 BUSINESS ADDRESS: STREET 1: 11403 CRONHILL DRIVE STREET 2: SUITE A CITY: OWING MILLS STATE: MD ZIP: 21117 BUSINESS PHONE: 4109026900 MAIL ADDRESS: STREET 1: 11403 CRONHILL DRIVE STREET 2: SUITE A CITY: OWING MILLS STATE: MD ZIP: 21117 FORMER COMPANY: FORMER CONFORMED NAME: PLANETCAD INC DATE OF NAME CHANGE: 20001117 FORMER COMPANY: FORMER CONFORMED NAME: SPATIAL TECHNOLOGY INC DATE OF NAME CHANGE: 19960708 SC 13D/A 1 dsc13da.htm SCHEDULE 13D/A Schedule 13D/A

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

Amendment No. 2

INFORMATION TO BE INCLUDED IN STATEMENTS FILED

PURSUANT TO SECTION 240.13d-1(a) AND AMENDMENTS

THERETO FILED PURSUANT TO SECTION 240.13d-2(a)

 

 

Avatech Solutions, Inc.

(Name of Issuer)

 

 

Common Stock, $.01 par value per share

05349Y104

(CUSIP Number)

Christopher Olander

12407 Garrison Forest Road

Owings Mills, Maryland 21117

410-429-0307

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

APRIL 27, 2010

(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 that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  ¨

 

 

 


    Page 2 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Willis James Hindman

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    564,475 (see Item 5)

     8   

Shared voting power

 

    0

     9   

Sole dispositive power

 

    564,475

   10   

Shared dispositive power

 

    964,475 (see Item 5)

11

 

Aggregate amount beneficially owned by each reporting person

 

    964,475 (see Item 5)

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    5.6% (see Item 5)

14

 

Type of reporting person (see instructions)

 

    IN

 

2


    Page 3 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Donald R. Walsh

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States Citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    600,000 (see Item 5)

     8   

Shared voting power

 

    0

     9   

Sole dispositive power

 

    200,000 (see Item 5)

   10   

Shared dispositive power

 

    400,000 (see Item 5)

11

 

Aggregate amount beneficially owned by each reporting person

 

    600,000 (see Item 5)

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    3.5% (see Item 5)

14

 

Type of reporting person (see instructions)

 

    IN

 

3


    Page 4 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Henry D. Felton

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    912,300

     8   

Shared voting power

 

    78,120

     9   

Sole dispositive power

 

    912,300

   10   

Shared dispositive power

 

    78,120

11

 

Aggregate amount beneficially owned by each reporting person

 

    990,420

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    5.8%

14

 

Type of reporting person (see instructions)

 

    IN

 

4


    Page 5 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Hindman Family Dynasty Trust

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    Trust formed under Maryland law

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    455,148 (see Item 3)

     8   

Shared voting power

 

    0

     9   

Sole dispositive power

 

    455,148 (see Item 3)

   10   

Shared dispositive power

 

    0

11

 

Aggregate amount beneficially owned by each reporting person

 

    455,148 (see Item 3)

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    3.0%

14

 

Type of reporting person (see instructions)

 

    OO

 

5


    Page 6 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Vince Arioso, Jr.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    148,328

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    148,328

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    148,328

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .9%

14

 

Type of reporting person (see instructions)

 

    IN

 

6


    Page 7 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Vince Arioso

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    330,044

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    330,044

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    330,044

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    1.9%

14

 

Type of reporting person (see instructions)

 

    IN

 

7


    Page 8 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Edward Aronson

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    131,133

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    131,133

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    131,133

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .8%

14

 

Type of reporting person (see instructions)

 

    IN

 

8


    Page 9 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Pete Baldine

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    11,800

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    11,800

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    11,800

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .1%

14

 

Type of reporting person (see instructions)

 

    IN

 

9


    Page 10 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Pacific Asset Partners

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    WC

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    California limited partnership

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    450,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    450,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    450,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    2.6%

14

 

Type of reporting person (see instructions)

 

    PN

 

10


    Page 11 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Cindi Hindman

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    312,525

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    312,525

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    312,525

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    1.8%

14

 

Type of reporting person (see instructions)

 

    IN

 

11


    Page 12 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

David Felton

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    135,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    135,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    135,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .8%

14

 

Type of reporting person (see instructions)

 

    IN

 

12


    Page 13 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Dennis Oates

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    140,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    140,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    140,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .8%

14

 

Type of reporting person (see instructions)

 

    IN

 

13


    Page 14 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Gil Campbell

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    25,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    25,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    25,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .1%

14

 

Type of reporting person (see instructions)

 

    IN

 

14


    Page 15 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

The Roger Milton Boethin Trust

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    102,627

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    102,627

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    102,627

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .6%

14

 

Type of reporting person (see instructions)

 

    OO

 

15


    Page 16 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

J.E. Oates & Son, Inc.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    Maryland corporation

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    44,640

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    44,640

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    44,640

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .3%

14

 

Type of reporting person (see instructions)

 

    CO

 

16


    Page 17 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Joel Nicholson

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    59,336

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    59,336

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    59,336

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .3%

14

 

Type of reporting person (see instructions)

 

    IN

 

17


    Page 18 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

The James and Janice Oman Living Trust

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    Maryland trust

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    80,262

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    80,262

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    80,262

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .5%

14

 

Type of reporting person (see instructions)

 

    OO

 

18


    Page 19 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Chuck Rizzo

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    48,076

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    48,076

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    48,076

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .3%

14

 

Type of reporting person (see instructions)

 

    IN

 

19


    Page 20 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Robert and Barbara Thorne

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizens

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    62,240

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    62,240

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    62,240

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .4%

14

 

Type of reporting person (see instructions)

 

    IN

 

20


    Page 21 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Tim Hindman

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    254,037

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    254,037

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    254,037

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    1.5%

14

 

Type of reporting person (see instructions)

 

    IN

 

21


    Page 22 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Victor Frenkil, Jr.

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    179,665

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    179,665

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    179,665

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    1%

14

 

Type of reporting person (see instructions)

 

    IN

 

22


    Page 23 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

John Donald Black

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    15,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    15,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    15,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .1%

14

 

Type of reporting person (see instructions)

 

    IN

 

23


    Page 24 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

The Sue Ann Boethin Trust

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    135,891

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    135,891

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    135,891

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .8%

14

 

Type of reporting person (see instructions)

 

    OO

 

24


    Page 25 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Frank Voyticky

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    44,640

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    44,640

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    44,640

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .3%

14

 

Type of reporting person (see instructions)

 

    IN

 

25


    Page 26 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Ray Stickler

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    15,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    15,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    15,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .1%

14

 

Type of reporting person (see instructions)

 

    IN

 

26


    Page 27 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Jack Karnowski

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    31,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    31,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    31,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .2%

14

 

Type of reporting person (see instructions)

 

    IN

 

27


    Page 28 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Shannon Rivers

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    30,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    30,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    30,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .2%

14

 

Type of reporting person (see instructions)

 

    IN

 

28


    Page 29 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Aaron Bukowitz

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    15,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    15,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    15,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .1%

14

 

Type of reporting person (see instructions)

 

    IN

 

29


    Page 30 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Richard Neal Frank

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    287,553

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    287,553

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    287,553

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    1.7%

14

 

Type of reporting person (see instructions)

 

    IN

 

30


    Page 31 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Charles Fax

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    37,500

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    37,500

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    37,500

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .2%

14

 

Type of reporting person (see instructions)

 

    IN

 

31


    Page 32 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Morrow Revocable Trust

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    OO

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    Maryland trust

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    5,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    5,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    5,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    0.03%

14

 

Type of reporting person (see instructions)

 

    OO

 

32


    Page 33 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Patrick P. Walsh

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    10,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    10,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    10,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .1%

14

 

Type of reporting person (see instructions)

 

    IN

 

33


    Page 34 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Carole Samios

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    4,050

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    4,050

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    4,050

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    0.02%

14

 

Type of reporting person (see instructions)

 

    IN

 

34


    Page 35 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Stafford Family Trust

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    California Trust

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    271,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    271,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    271,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    1.6%

14

 

Type of reporting person (see instructions)

 

    OO

 

35


    Page 36 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Carlton Tronvold

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    20,000

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    20,000

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    20,000

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .1%

14

 

Type of reporting person (see instructions)

 

    IN

 

36


    Page 37 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Donna Van Allen

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    219,847

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    219,847

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    219,847

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    1.3%

14

 

Type of reporting person (see instructions)

 

    IN

 

37


    Page 38 of 58 Pages

 

 

CUSIP No. 05349Y104

 

  1   

Names of reporting persons

 

Adam Chavis

  2  

Check the appropriate box if a member of a group (see instructions)

(a)  x        (b)   ¨

 

  3  

SEC use only

 

  4  

Source of funds (see instructions)

 

    PF

  5  

Check if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)  ¨

 

  6  

Citizenship or place of organization

 

    United States citizen

Number of

shares

beneficially

owned by

each

reporting

person

with

     7    

Sole voting power

 

    153,550

     8   

Shared voting power

 

     9   

Sole dispositive power

 

    153,550

   10   

Shared dispositive power

 

11

 

Aggregate amount beneficially owned by each reporting person

 

    153,550

12

 

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)  ¨

 

13

 

Percent of class represented by amount in Row 11

 

    .9

14

 

Type of reporting person (see instructions)

 

    IN

 

38


Item 1 Security and Issuer

Common Stock, par value $.01 per share

Avatech Solutions, Inc.

10715 Red Run Blvd.

Owings Mills, Maryland 21117

 

Item 2 Identity and Background

In response to Items 2(d) and 2(e), none of the individuals or entities listed below has, during the last five years, been convicted in a criminal proceeding. No such individual or entity has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

  (a) W. James Hindman

 

  (b) 2322 Nicodemus Road

Westminster, Maryland 21157

 

  (c) Retired

 

  (f) United States citizen

 

  (a) Donald R. Walsh

 

  (b) 3507 Bayshore Blvd., Unit 1002

Tampa, Florida 33629

 

  (c) Retired. From December, 2002 until July 31, 2007, Mr. Walsh was employed as the Chief Executive Officer of the Issuer.

 

  (f) United States citizen

 

  (a) Henry D. Felton

 

  (b) 13001 Dover Road

Reisterstown, Maryland 21136

 

  (c) Retired

 

39


  (f) United States citizen

 

  (a) Hindman Family Dynasty Trust

 

  (b) 2322 Nicodemus Road

Westminster, Maryland 21157

 

  (c) Not applicable

 

  (d) Not applicable

 

  (e) Maryland trust

 

  (a) Vince Arioso, Jr.

 

  (b) 1310 Indian Creek Road

Marion, IA 52302

 

  (c) Private investor

 

  (f) United States citizen

 

  (a) Vince Arioso

 

  (b) 3200 Indian Creek Road

Marion, IA 52302

 

  (c) Retired

 

  (f) United States citizen

 

  (a) Edward Aronson

 

  (b) 551 Fifth Ave., Suite 512

New York, NY 10176

 

  (c) Private investor

 

  (f) United States citizen

 

  (a) Pete Baldine

 

  (b) 3250 Benson Road

Morris, IL 60450

 

  (c) Principal of Accelerated Development for the past five years

 

  (f) United States citizen

 

  (a) Pacific Asset Partners

 

  (b) 600 Montgomery St., #1600

San Francisco, CA 94111

 

  (c) N/A

 

  (f) California limited partnership

 

  (a) Cindi Hindman

 

  (b) 315 W. College Terrace

Frederick, MD 21701

 

40


  (c) Currently not employed, Ms Hindman has worked in her family’s business for the past five years

 

  (f) United States citizen

 

  (a) David Felton

 

  (b) 868 Cherry Street

Petaluma, CA 94952

 

  (c) Producer, Telltale Games, Inc., for the past five years

 

  (f) United States citizen

 

  (a) Dennis Oates

 

  (b) 13223 Dover Road

Reisterstown, MD 21136

 

  (c) Insurance broker for the past five years

 

  (f) United States citizen

 

  (a) Gil Campbell

 

  (b) 657 Pelican Bay Drive

Daytona Beach, FL 32119

 

  (c) Retired

 

  (f) United States citizen

 

  (a) The Roger Milton Boethin Trust

 

  (b) 1 Cherry Hills Farm Drive

Englewood, CO 80113

 

  (c) N/A

 

  (f) Colorado trust

 

  (a) J.E. Oates & Son, Inc.

 

  (b) 13224 Dover Road

Reisterstown, MD 21136

 

  (c) N/A

 

  (f) Maryland corporation


  (a) Joel Nicholson

 

  (b) 745 MacEwen Drive

Osprey, FL 34229

 

  (c) Retired

 

  (f) United States citizen

 

  (a) The James and Janice Oman Living Trust

 

  (b) 4225 Sabino Pass

Fort Wayne, IN 46845

 

  (b) Retired

 

  (f) Indiana trust

 

  (a) Chuck Rizzo

 

  (b) 3310 Dornoch Drive

Reisterstown, MD 21136

 

  (c) Principal of Take Me National, LLC for the past five years

 

  (f) United States citizen

 

  (a) Robert and Barbara Thorne

 

  (b) 31 Legendary Road

East Lyme, CT 06333

 

  (c) Retired

 

  (f) United States citizens

 

  (a) Tim Hindman

 

  (b) 3350 Emory Road North

Finksburg, MD 21048

 

  (c) Employee of W. J. Hindman & Associates

 

  (f) United States citizen


  (a) Victor Frenkil, Jr.

 

  (b) 3850 Butler Road

Glyndon, MD 21071

 

  (c) Self employed, Jarvis Steel & Lumber Co., Inc.

 

  (f) United States citizen

 

  (a) John Donald Black

 

  (b) 438 E. Larkspur Lane

Tempe, AZ 85281

 

  (c) Retired

 

  (f) United States citizen

 

  (a) The Sue Ann Boethin Trust

 

  (b) 1 Cherry Hills Farm Drive

Englewood, CO 80113

 

  (c) Not applicable

 

  (f) Colorado trust

 

  (a) Frank Voyticky

 

  (b) 41 Eastern Pkwy, Apt. PHA

Brooklyn, NY 11238

 

  (c) Retired

 

  (f) United States citizen

 

  (a) Ray Stickler

 

  (b) 9909 W. Hawthorne Rd

Mequon, WI 53097

 

  (c) Retired

 

  (f) United States citizen


  (a) Jack Karnowski

 

  (b) 13838 Conquistador Dr.

Sun City West, AZ 85375

 

  (c) Retired

 

  (f) United States citizen

 

  (a) Shannon Rivers

 

  (b) 10509 Greensprings Dr.

Tampa, FL 33626

 

  (c) Director, PriceWaterhouseCoopers for the past three years

Prior thereto, employed by IBM

 

  (f) United States citizen

 

  (a) Aaron Bukowitz

 

  (b) 1875 Blacksmith Drive

Marriottsville, MD 21104

 

  (c) Chief Operating Officer, Offit Kurman Attorneys at Law; prior to that

was a Vice President of the Issuer

 

  (f) United States Citizen

 

  (a) Richard Neal Frank

 

  (b) 2601 Larkin Street

San Francisco, CA 94109

 

  (c) Investor

 

  (f) United States citizen

 

  (a) Charles Fax

 

  (b) 10720 Gloxinia Drive

North Bethesda, MD 20852

 

  (c) Attorney

 

  (f) United States citizen

 

  (a) Morrow Revocable Trust

 

  (b) 4218 East St. Joseph Way

Phoenix, AZ 85018

 

  (c) N/A

 

  (f) United States citizen

 

  (a) Patrick Walsh

 

  (b) 411 Cenarocact NE

Albequerque NM 87123

 

  (c) Retired

 

  (f) United States citizen

 

  (a) Carole Samios

 

  (b) PO Box 867

Westminster, MD 21157

 

  (c) Housewife

 

  (f) United States citizen

 

  (a) Stafford Family Trust

 

  (b) 49 Cloudview Road

Sausalito, CA 94965

 

  (c) N/A

 

  (f) California trust

 

  (a) Carlton Tronvold

 

  (b) 8787 Bay Colony Drive #405

Naples, FL 34108

 

  (c) Retired

 

  (f) United States citizen

 

  (a) Donna Van Allen

 

  (b) 410 Almeria Court

Winter Springs, FL 32708

 

  (c) Retired

 

  (f) United States citizen

 

  (a) Adam Chavis

 

  (b) 11905 Whispering Oak Court

Reisterstown, MD 21136

 

  (c) Certified Public Accountant and financial planner

 

  (f) United States citizen

 


Item 3. Source and Amount of Funds or Other Consideration

In the case of each individual reporting person, the source and amount of funds used in making purchases of the Issuer’s Common Stock was personal funds, in the following amounts:

 

W. James Hindman

   $ 343,116 (a) 

Donald R. Walsh

     370,000 (b) 

Henry D. Felton

     510,767 (c) 

Hindman Family Dynasty Trust

     23,327 (d) 

Vince Arioso, Jr.

     99,531   

Vince Arioso

     102,997   

Edward Aronson

     52,460   

Pete Baldine

     8,744   

Pacific Asset Partners

     873,000   

Cindi Hindman

     25,000   

David Felton

     -0-   

Dennis Oates

     140,000   

Gil Campbell

     41,000   

The Roger Milton Boethin Trust

     135,000   

J. E. Oates & Son, Inc.

     50,000   

Joel Nicholson

     57,556   

The James and Janice Oman Living Trust

     -0-   

Chuck Rizzo

     21,480   

Robert and Barbara Thorne

     30,000   

Tim Hindman

     -0-   

Victor Frenkil, Jr.

     50,000   

John Donald Black

     11,475   

The Sue Ann Boethin Trust

     165,000   

Frank Voyticki

     50,000   

Ray Stickler

     27,900   

Jack Karnowski

     35,650   

Shannon Rivers

     120,000   

Aaron Bukowitz

     10,000   

Richard Neal Frank

     246,582   

Charles Fax

     25,000   

Morrow Revocable Trust

     11,350   

Patrick Walsh

     5,000   

Nick Samios

     2,795   

Stafford Family Trust

     92,695   

Carlton Tronvold

     30,000   

Donna Van Allen

     180,000   

Adam Chavis

     25,000   

TOTAL

   $ 3,791,075 (e) 

 

(a) Includes $97,831 upon the conversion of the Issuer’s Series D Preferred Stock issued to him, plus an aggregate exercise price of 56,748 for options granted to him, the exercise prices of which range from $.49 to $3.81.
(b) Mr. Walsh was granted 50,000 and 100,000 options to purchase shares of the Issuer’s Common Stock at $.60 and $.40 per share, respectively. In addition, Mr. Walsh was issued 450,000 shares in lieu of one year of severance compensation at a value of $300,000, or $.66 per share.
(c) Mr. Felton is deemed to have acquired 674,464 shares in lieu of cash compensation, at an average per share price of $.67. In addition, he is entitled to receive 162,836 and 75,000 shares upon conversion of Series D and Series E Preferred Stock, respectively. In addition, Mr. Felton’s spouse owns 78,120 shares for $46,872.
(d) The Hindman Family Dynasty Trust received shares of the Issuer’s Common Stock in a series of transfers of shares of the Common Stock by the grantor of the trust, W. James Hindman, to the trust. In addition, the Trust holds warrants entitling it to purchase 38,878 shares at $.60 per share. The Hindman Family Dynasty Trust is an irrevocable trust of which Mr. Hindman’s adult son, Timothy Hindman, is trustee. Other than through the trust’s status as a member of the Group, Mr. Hindman disclaims beneficial ownership of shares of the Issuer’s Common Stock held by the trust.
(e) Includes shares entitled to be purchased upon the conversion of a series of convertible preferred stock of the Issuer, at the purchase price for such shares of convertible preferred stock divided by the conversion price.


Item 4. Purpose of Transaction

On February 24, 2010, a group comprised of the persons and entities listed and described in response to Item 2 (the “Group”) was formed for one or more of the purposes enumerated below.

Additional individuals or entities may, in the future, become a part of the Group, in which case this Schedule 13D will be promptly amended to reflect any such additional members of the Group. The purposes of the formation of the Group include one or more of the following:

 

  A. To effectuate a sale of all shares of the Issuer owned by members of the Group, either through direct sales, market transactions, or a business combination resulting in the receipt of cash and/or marketable securities by members of the Group, and/or

 

  B. To influence, and if possible work with, management of the Issuer to pursue strategies with the purpose of enhancing shareholder value, including but not limited to a merger, sale, or reorganization involving the Issuer, and to contact other shareholders regarding potential strategies to increase shareholder value, and/or

 

  C. To engage in discussions with third parties with respect to the purposes enumerated in Items 4.A. and 4.B. above, solely in the Group members’ capacities as shareholders of the Issuer and not in any capacity that states or implies that any member of the Group is acting for or on behalf of the Issuer, its Board of Directors, or its management.

Other than through the exercise of warrants to purchase shares of the Issuer’s Common Stock pursuant to (i) the exercise of warrants and options, issued and outstanding prior to formation of the Group, to purchase shares of the Issuer’s Common Stock, or (ii) acquisition of shares of such Common Stock pursuant to conversion rights set forth in any series of convertible preferred stock of the Issuer issued prior to formation of the Group, no member of the Group has any intention to purchase additional shares of the Issuer’s Common Stock. Members of the Group may dispose of securities of the Issuer from time to time in future open-market, privately negotiated or other transactions.

Except as disclosed above, none of the members of the Group have any plans or proposals of the type described in (a)-(j) of Item 4.

 

46


Item 5 Interest in Securities of the Issuer.

 

  (a) The aggregate number and percentage of the Issuer’s Common Stock identified in response to Item 1 beneficially owned by each person named in Item 2 and by the Group, is as follows:

 

Name

   Number of Shares     Percentage of Class  

W. James Hindman

   964,475 (a)    5.6 %(a) 

Donald R. Walsh

   600,000 (a)    3.5 %(a) 

Henry D. Felton

   990,420 (b)    5.8

Hindman Family Dynasty Trust

   455,148 (c)    2.7

Vince Arioso, Jr.

   148,328      .9

Vince Arioso

   330,044      1.9

Edward Aronson

   131,133      .8

Pete Baldine

   11,800      .1

Cindi Hindman

   312,525      1.8

David Felton

   135,000      .8

Dennis Oates

   140,000      .8

Gil Campbell

   25,000      .1

Pacific Asset Partners

   450,000      2.6

The Roger Milton Boethin Trust

   102,627      .6

J.E. Oates & Son, Inc.

   44,640      .3

Joel Nicholson

   59,336      .3

The James and Janice Oman Living Trust

   80,262      .5

Chuck Rizzo

   48,076      .3

Robert and Barbara Thorne

   62,240      .4

Tim Hindman

   254,037      1.5

Victor Frenkil, Jr.

   179,665      1

John Donald Black

   15,000      .1

The Sue Ann Boethin Trust

   135,891      .8

Frank Voyticky

   44,640      .3

Ray Stickler

   15,000      .1

Jack Karnowski

   31,000      .2

Shannon Rivers

   30,000      .2

Aaron Bukowitz

   15,000      .1

Richard Neal Frank

   287,553      1.7

Charles Fax

   37,500      2

Morrow Revocable Trust

   5,000      .03

Patrick Walsh

   10,000      .1

Carole Samios

   4,050      .02

Stafford Family Trust

   271,000      1.6

Carlton Tronvold

   20,000      .1

Donna Van Allen

   219,847      1.3

Adam Chavis

   153,550      .9

GROUP TOTAL

   6,819,787, (a)(d)(e)    39.9 %(a)(d)(e) 

 

(a) In a private transaction, Mr. Walsh pledged to Mr. Hindman 400,000 shares of the Common Stock of the Issuer owned by Mr. Walsh. Beneficial ownership of the pledged shares are included in the total and percentage numbers for both Mr. Hindman and Mr. Walsh. If the pledged shares are deducted from Mr. Hindman’s beneficial share ownership (and the percentage of class), Mr. Hindman’s beneficial share ownership and percentage of class would be 564,475 and 2.7%, respectively, and the total share beneficial ownership of the Group, and its percentage of issued and outstanding shares, would be 9,419,787 and 33.2%, respectively.
(b) Mr Felton owns 674,464 shares, plus 162,836 and 75,000 shares issuable upon conversion of the Issuer’s Series D and Series E Preferred Stock, respectively, and is deemed to beneficially own 78,120 shares of the Issuer’s Common Stock held by his spouse.
(c) The Trust owns 416,270 shares of the Issuer’s Common Stock and a warrant to purchase an additional 38,878 shares.
(d) Includes shares entitled to be purchased upon the conversion of a series of convertible preferred stock of the Issuer, at the purchase price for such shares of convertible preferred stock divided by the conversion price.
(e) The number of shares represent the number of shares beneficially owned by each person in the Group; each such person’s percentage ownership is the quotient obtained by dividing each such person’s beneficially owned shares by the issued and outstanding shares of the Issuer’s common stock as of December 31, 2009. If the percentage for each such person’s shares were calculated against the fully diluted shares of the Issuer’s common stock as of such date, the aggregate percentage ownership of the Group would be 35.2% of the issued and outstanding shares of the Issuer (33.2% if shares beneficially owned by Mr. Hindman and Mr. Walsh are counted only once [see footnote (a)]).

 

  (b) For the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition or shared power to dispose or direct the disposition, see cover page 2, Items 7-10.

 

  (c) None

 

  (d) None

 

  (e) Not applicable

 

47


Item 6 Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

The persons identified in response to Item 2 have verbally formed a “group,” as such term is used in Regulation 13d and Schedule 13D, for the purpose of acting in concert to effectuate one or more purposes of the formation of the group as enumerated in Item 4. Each member of the group has confirmed this, and authorized the filing of this Schedule 13D. See Exhibit A to this Schedule 13D.

 

Item 7 Material to be Filed as Exhibits.

Attached hereto as Exhibit A are written declarations by each group member confirming membership in the group and authorizing the filing of this Schedule 13D on their behalf.

[Signature pages follow this page]

 

48


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.

 

April 27, 2010

Date
/S/    W. JAMES HINDMAN        
Signature
W. James Hindman
Name and Title (if applicable)

April 27, 2010

Date
/S/    DONALD R. WALSH        
Signature
Donald R. Walsh
Name and Title (if applicable)

April 27, 2010

Date
/S/    HENRY D. FELTON        
Henry D. Felton
Name and Title (if applicable)

April 27, 2010

Date
/S/    TIMOTHY HINDMAN        
Timothy Hindman, Trustee of the
Hindman Family Dynasty Trust

 

49


April 27, 2010

/S/    VINCE ARIOSO, JR.        

Signature
Vince Arioso, Jr.
Name and Title (if applicable)
April 27, 2010

/S/    VINCE ARIOSO        

Signature
Vince Arioso
Name and Title (if applicable)
April 27, 2010

/S/    EDWARD ARONSON        

Signature
Edward Aronson
Name and Title (if applicable)
April 27, 2010

/S/    PETE BALDINE        

Signature
Pete Baldine
Name and Title (if applicable)
April 27, 2010

/S/    CINDI HINDMAN        

Signature
Cindi Hindman
Name and Title (if applicable)
April 27, 2010

/S/    DAVID FELTON        

Signature
David Felton
Name and Title (if applicable)


April 27, 2010

/S/    DENNIS OATES        

Signature
Dennis Oates
Name and Title (if applicable)
April 27, 2010

/S/    GIL CAMPBELL        

Signature
Gil Campbell
Name and Title (if applicable)
April 27, 2010
Pacific Asset Partners

/S/    ROBERT STAFFORD        

Robert Stafford, General Partner
Name and Title (if applicable)
April 27, 2010
The Roger Milton Boethin Trustee

/S/    ROGER MILTON BOETHIN        

Signature
Roger Milton Boethin, Trustee
Name and Title (if applicable)
April 27, 2010
J.E. Oates & Son, Inc.

/S/    J.E. OATES        

Signature
J.E. Oates, Authorized Officer
Name and Title (if applicable)


April 27, 2010

/S/    JOEL NICHOLSON        

Signature
Joel Nicholson
Name and Title (if applicable)
April 27, 2010
The James and Janice Oman Living Trust

/S/    JAMES OMAN        

Signature

/S/    JANICE OMAN        

Signature
James and Janice Oman Trustees
Name and Title (if applicable)
April 27, 2010

/S/    CHUCK RIZZO        

Signature
Chuck Rizzo
Name and Title (if applicable)
April 27, 2010

/S/    ROBERT THORNE        

Signature

/S/    BARBARA THORNE        

Signature
Robert and Barbara Thorne
Name and Title (if applicable)
April 27, 2010

/S/    TIM HINDMAN        

Signature
Tim Hindman
Name and Title (if applicable)


April 27, 2010

/S/    VICTOR FRENKIL, JR.        

Signature
Victor Frenkil, Jr.
Name and Title (if applicable)
April 27, 2010

/S/    JOHN DONALD BLACK        

Signature
John Donald Black
Name and Title (if applicable)
April 27, 2010
The Sue Ann Boethin Trust

/S/    SUE ANN BOETHIN        

Signature
Sue Ann Boethin, Trustee
Name and Title (if applicable)
April 27, 2010

/S/    FRANK VOYTICKY        

Signature
Frank Voyticki
Name and Title (if applicable)
April 27, 2010

/S/    RAY STICKLER        

Signature
Ray Stickler
Name and Title (if applicable)
April 27, 2010

/S/    JACK KARNOWSKI        

Signature
Jack Karnowski
Name and Title (if applicable)
April 27, 2010

/S/    SHANNON RIVERS        

Signature
Shannon Rivers
Name and Title (if applicable)
April 27, 2010

/S/    AARON BUKOWITZ        

Signature
Aaron Bukowitz
Name and Title (if applicable)
April 27, 2010

/S/    RICHARD NEAL FRANK        

Signature
Richard Neal Frank
Name and Title (if applicable)
April 27, 2010

/S/    CHARLES FAX        

Signature
Charles Fax
Name and Title (if applicable)
April 27, 2010
Morrow Revocable Trust

BY:/S/    WANDA MORROW        

Signature

Wanda Morrow, Trustee
Name and Title (if applicable)

April 27, 2010

/S/    PATRICK WALSH        

Signature

Patrick Walsh

Name and Title (if applicable)

April 27, 2010

/S/    CAROLE SAMIOS        

Signature

Carole Samios

Name and Title (if applicable)

April 27, 2010

Stafford Family Trust

BY /S/    ROBERT STAFFORD        

Signature

Robert Stafford, Trustee

Name and Title (if applicable)

April 27, 2010

/S/    CARLTON TRONVOLD        

Signature

Carlton Tronvold
Name and Title (if applicable)

April 27, 2010

/S/    DONNA VAN ALLEN        

Signature
Dona Van Allen

Name and Title (if applicable)

April 27, 2010

/S/    ADAM CHAVIS        

Signature

Adam Chavis

Name and Title (if applicable)


Exhibit A to Schedule 13D

I hereby agree that I am a member of a group (as that term is used and defined under the Securities Exchange Act of 1934) that will be filing a joint Schedule 13D with the Securities and Exchange Commission, and agree that such Schedule is being filed on behalf of myself and other members of such group.

 

April 27, 2010

Date
/S/    W. JAMES HINDMAN        
Signature
W. James Hindman
Name

April 27, 2010

Date
/S/    DONALD R. WALSH        
Signature
Donald R. Walsh
Name

April 27, 2010

Date
/S/    HENRY D. FELTON        
Henry D. Felton
Name

April 27, 2010

Date
/S/    TIMOTHY HINDMAN        
Timothy Hindman, Trustee of the
Hindman Family Dynasty Trust

 

54


April 27, 2010

/S/    VINCE ARIOSO, JR.        

Signature
Vince Arioso, Jr.
Name and Title (if applicable)
April 27, 2010

/S/    VINCE ARIOSO        

Signature
Vince Arioso
Name and Title (if applicable)
April 27, 2010

/S/    EDWARD ARONSON        

Signature
Edward Aronson
Name and Title (if applicable)
April 27, 2010

/S/    PETE BALDINE        

Signature
Pete Baldine
Name and Title (if applicable)
April 27, 2010

/S/    CINDI HINDMAN        

Signature
Cindi Hindman
Name and Title (if applicable)
April 27, 2010

/S/    DAVID FELTON        

Signature
David Felton
Name and Title (if applicable)


April 27, 2010

/S/    DENNIS OATES        

Signature
Dennis Oates
Name and Title (if applicable)
April 27, 2010

/S/    GIL CAMPBELL        

Signature
Gil Campbell
Name and Title (if applicable)
April 27, 2010
Pacific Asset Partners

/S/    ROBERT STAFFORD        

Robert Stafford,
General Partner
Name and Title (if applicable)
April 27, 2010
The Roger Milton Boethin Trust

/S/    ROGER MILTON BOETHIN        

Signature
Roger Milton Boethin, Trustee
Name and Title (if applicable)
April 27, 2010
J.E. Oates & Son, Inc.

/S/    J.E. OATES        

Signature
J.E. Oates, Authorized Officer
Name and Title (if applicable)


April 27, 2010

/S/    JOEL NICHOLSON        

Signature
Joel Nicholson
Name and Title (if applicable)
April 27, 2010
The James and Janice Oman Living Trust

/S/    JAMES OMAN        

Signature

/S/    JANICE OMAN        

Signature
James and Janice Oman Trustees
Name and Title (if applicable)
April 27, 2010

/S/    CHUCK RIZZO        

Signature
Chuck Rizzo
Name and Title (if applicable)
April 27, 2010

/S/    ROBERT THORNE        

Signature

/S/    BARBARA THORNE        

Signature
Robert and Barbara Thorne
Name and Title (if applicable)
April 27, 2010

/S/    TIM HINDMAN        

Signature
Tim Hindman
Name and Title (if applicable)


April 27, 2010

/S/    VICTOR FRENKIL, JR.        

Signature
Victor Frenkil, Jr.
Name and Title (if applicable)
April 27, 2010

/S/    JOHN DONALD BLACK        

Signature
John Donald Black
Name and Title (if applicable)
April 27, 2010
The Sue Ann Boethin Trust

/S/    SUE ANN BOETHIN        

Signature
Sue Ann Boethin, Trustee
Name and Title (if applicable)
April 27, 2010

/S/    FRANK VOYTICKY        

Signature
Frank Voyticki
Name and Title (if applicable)
April 27, 2010

/S/    RAY STICKLER        

Signature
Ray Stickler
Name and Title (if applicable)
April 27, 2010

/S/    JACK KARNOWSKI        

Signature
Jack Karnowski
Name and Title (if applicable)
April 27, 2010

/S/    SHANNON RIVERS        

Signature
Shannon Rivers
Name and Title (if applicable)
April 27, 2010

/S/    AARON BUKOWITZ        

Signature
Aaron Bukowitz
Name and Title (if applicable)
April 27, 2010

/S/    RICHARD NEAL FRANK        

Signature
Richard Neal Frank
Name and Title (if applicable)
April 27, 2010

/S/    CHARLES FAX        

Signature
Charles Fax
Name and Title (if applicable)
April 27, 2010
Morrow Revocable Trust

BY:/S/    WANDA MORROW        

Signature

Wanda Morrow, Trustee
Name and Title (if applicable)

April 27, 2010

/S/    PATRICK WALSH        

Signature

Patrick Walsh

Name and Title (if applicable)

April 27, 2010

/S/    CAROLE SAMIOS        

Signature

Carole Samios

Name and Title (if applicable)

April 27, 2010

Stafford Family Trust

BY /S/    ROBERT STAFFORD        

Signature

Robert Stafford, Trustee

Name and Title (if applicable)

April 27, 2010

/S/    CARLTON TRONVOLD        

Signature

Carlton Tronvold
Name and Title (if applicable)

April 27, 2010

/S/    DONNA VAN ALLEN        

Signature
Dona Van Allen

Name and Title (if applicable)

April 27, 2010

/S/    ADAM CHAVIS        

Signature

Adam Chavis

Name and Title (if applicable)

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