0001193125-13-051807.txt : 20130212 0001193125-13-051807.hdr.sgml : 20130212 20130212163306 ACCESSION NUMBER: 0001193125-13-051807 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130212 DATE AS OF CHANGE: 20130212 GROUP MEMBERS: JOHN H. LEWIS GROUP MEMBERS: OSMIUM CAPITAL II, LP GROUP MEMBERS: OSMIUM CAPITAL, LP GROUP MEMBERS: OSMIUM SPARTAN, LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRX INC/GA CENTRAL INDEX KEY: 0001103025 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 582502748 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81043 FILM NUMBER: 13597629 BUSINESS ADDRESS: STREET 1: 2970 CLAIRMONT ROAD NE SUITE 300 CITY: ATLANTA STATE: GA ZIP: 30329 BUSINESS PHONE: 4049296100 MAIL ADDRESS: STREET 1: 2970 CLAIRMONT ROAD NE SUITE 300 CITY: ATLANTA STATE: GA ZIP: 30329 FORMER COMPANY: FORMER CONFORMED NAME: WT TECHNOLOGIES INC DATE OF NAME CHANGE: 20000111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Osmium Partners, LLC CENTRAL INDEX KEY: 0001316729 IRS NUMBER: 550793716 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 388 MARKET, SUITE 920 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 415.362.4484 MAIL ADDRESS: STREET 1: 388 MARKET, SUITE 920 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13G/A 1 d483076dsc13ga.htm AMENDMENT NO. 1 TO SCHEDULE 13G Amendment No. 1 to Schedule 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

TRX, INC.

(Name of Issuer)

Common Stock, par value $0.01

(Title of Class of Securities)

898452 10 7

(CUSIP Number)

December 31, 2012

(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).

 

 

 

CUSIP No. 898452 10 7  

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

John H. Lewis

  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

Number of

Shares

Beneficially

owned by

Each

Reporting

Person

With:

    5.    

Sole Voting Power

 

    34,800

   6.   

Shared Voting Power

 

    1,309,752

   7.   

Sole Dispositive Power

 

    34,800

   8.   

Shared Dispositive Power

 

    1,309,752

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,344,552

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

    7.3%

12.  

Type of Reporting Person (See Instructions)

 

    IN

 

 

Page 2 of 9 pages

CUSIP No. 898452 10 7  

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Osmium Partners, LLC

  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

 

    Delaware

Number of

Shares

Beneficially

owned by

Each

Reporting

Person

With:

    5.    

Sole Voting Power

 

    0

   6.   

Shared Voting Power

 

    1,309,752

   7.   

Sole Dispositive Power

 

    0

   8.   

Shared Dispositive Power

 

    1,309,752

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,309,752

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

    7.1%

12.  

Type of Reporting Person (See Instructions)

 

    IA, OO

 

 

Page 3 of 9 pages

CUSIP No. 898452 10 7  

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Osmium Capital, LP

  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

 

    Delaware

Number of

Shares

Beneficially

owned by

Each

Reporting

Person

With:

    5.    

Sole Voting Power

 

    0

   6.   

Shared Voting Power

 

    449,102

   7.   

Sole Dispositive Power

 

    0

   8.   

Shared Dispositive Power

 

    449,102

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    449,102

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

    2.4%

12.  

Type of Reporting Person (See Instructions)

 

    PN

 

 

Page 4 of 9 pages

CUSIP No. 898452 10 7  

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Osmium Capital II, LP

  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

 

    Delaware

Number of

Shares

Beneficially

owned by

Each

Reporting

Person

With:

    5.    

Sole Voting Power

 

    0

   6.   

Shared Voting Power

 

    760,650

   7.   

Sole Dispositive Power

 

    0

   8.   

Shared Dispositive Power

 

    760,650

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    760,650

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

    4.1%

12.  

Type of Reporting Person (See Instructions)

 

    PN

 

 

Page 5 of 9 pages

CUSIP No. 898452 10 7  

 

  1.   

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Osmium Spartan, LP

  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

 

    Delaware

Number of

Shares

Beneficially

owned by

Each

Reporting

Person

With:

    5.    

Sole Voting Power

 

    0

   6.   

Shared Voting Power

 

    100,000

   7.   

Sole Dispositive Power

 

    0

   8.   

Shared Dispositive Power

 

    100,000

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    100,000

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

    0.5%

12.  

Type of Reporting Person (See Instructions)

 

    PN

 

 

Page 6 of 9 pages

CUSIP No. 898452 10 7

 

Item 1.  

(a)

    The name of the issuer is TRX, Inc. (the “Issuer”).      
 

(b)

    The principal executive office of the Issuer is located at 2970 Clairmont Road, Suite 300, Atlanta, GA 30329      
Item 2.  

(a)

    This statement (this “Statement”) is being filed by John H. Lewis, the controlling member of Osmium Partners, LLC, a Delaware limited liability company (“Osmium Partners”), which serves as the general partner of Osmium Capital, LP, a Delaware limited partnership (the “Fund”) and Osmium Capital II, LP, a Delaware limited partnership (“Fund II”), and Osmium Spartan, LP, a Delaware limited partnership (“Fund III”) (all of the foregoing, collectively, the “Filers”). The Fund, Fund II and Fund III are private investment vehicles formed for the purpose of investing and trading in a wide variety of securities and financial instruments. The Fund, Fund II and Fund III directly own the common shares reported in this Statement (other than the 34,800 shares owned directly by Mr. Lewis). Mr. Lewis and Osmium Partners may be deemed to share with the Fund, Fund II and Fund III (and not with any third party) voting and dispositive power with respect to such shares. Each Filer disclaims beneficial ownership with respect to any shares other than the shares owned directly by such Filer      
 

(b)

    The Principal Business Office of the Filers is 300 Drakes Landing Road, Suite 172, Greenbrae, CA 94904.      
 

(c)

    For citizenship information see Item 4 of the cover sheet of each Filer.      
 

(d)

    This Statement relates to the Common Stock of the Issuer.      
 

(e)

    The CUSIP Number of the Common Stock of the Issuer is 898452 10 7      
Item 3.   Not applicable.   

 

Page 7 of 9 pages

Item 4.    Ownership.      
   See Items 5-9 and 11 on the cover page for each Filer, and Item 2. The percentage ownership of each Filer is based on 18,531,824 shares of Common Stock outstanding as of November 8, 2012, as reported on the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 as filed with the SEC on November 14, 2012.      
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 on 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 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.      

 

Page 8 of 9 pages

SIGNATURE

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

Dated: February 12, 2013

 

John H. Lewis
Osmium Partners, LLC
Osmium Capital, LP
Osmium Capital II, LP
By:  

/s/ John H. Lewis

  John H. Lewis, for himself and as Managing Member of Osmium Partners, LLC, for itself and as General Partner of Osmium Capital, LP and Osmium Capital II, LP

 

Page 9 of 9 pages

EXHIBIT INDEX

 

Exhibit
No.

   

Document

1    Joint Filing Agreement

Exhibit 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $0.01 per share, of TRX, Inc., and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing. In evidence thereof, the undersigned hereby execute this Agreement.

Dated: February 12, 2013

 

John H. Lewis
Osmium Partners, LLC
Osmium Capital, LP
Osmium Capital II, LP
By:  

/s/ John H. Lewis

  John H. Lewis, for himself and as Managing Member of Osmium Partners, LLC, for itself and as General Partner of Osmium Capital, LP and Osmium Capital II, LP