0001019687-11-000852.txt : 20110311 0001019687-11-000852.hdr.sgml : 20110311 20110311170419 ACCESSION NUMBER: 0001019687-11-000852 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110311 DATE AS OF CHANGE: 20110311 GROUP MEMBERS: B. RILEY & CO. RETIREMENT TRUST GROUP MEMBERS: B. RILEY & CO., LLC GROUP MEMBERS: BRYANT R. RILEY GROUP MEMBERS: RILEY INVESTMENT MANAGEMENT LLC GROUP MEMBERS: RILEY INVESTMENT PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DDI CORP CENTRAL INDEX KEY: 0001104252 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 061576013 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59219 FILM NUMBER: 11682924 BUSINESS ADDRESS: STREET 1: 1220 SIMON CIRCLE CITY: AHAMEIM STATE: CA ZIP: 92806 BUSINESS PHONE: 7146887200 MAIL ADDRESS: STREET 1: 1220 SIMON CIRCLE CITY: AHAHEIM STATE: CA ZIP: 92806 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Riley Investment Management LLC CENTRAL INDEX KEY: 0001345523 IRS NUMBER: 954799549 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11100 SANTA MONICA BLVD. STREET 2: SUITE 810 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 310-966-1444 MAIL ADDRESS: STREET 1: 11100 SANTA MONICA BLVD. STREET 2: SUITE 810 CITY: LOS ANGELES STATE: CA ZIP: 90025 SC 13D/A 1 briley_13da6.htm SCHEDULE 13 D AMENDMENT briley_13da6.htm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
(Rule 13d-2-101)

 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

(Amendment No. 6)1

DDi CORP.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

233162502
(CUSIP Number)

Riley Investment Management LLC
Attn:  Bryant R. Riley
11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
(310) 966-1445
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 11, 2011
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: 0

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See Rule 13d-7(b) for other parties to whom copies are to be sent.

(Continued on following pages)


———————
1  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 disclosures provided in a prior cover page.

The information required on 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. 233162502  13D  Page 2
 

1
 NAME OF REPORTING PERSON
 S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
 
 Riley Investment Partners, L.P.
2
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a)   [_]
 (b)   [X]
 
3
 SEC USE ONLY
 
 
4
  SOURCE OF FUNDS*
 WC
5
 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
  [_]
 
6
 CITIZENSHIP OR PLACE OF ORGANIZATION
 
 Delaware
NUMBER OF
 
SHARES
7
 SOLE VOTING POWER
 
 288,412
BENEFICIALLY
 
OWNED  BY
8
 SHARED VOTING POWER
 
 -0-
EACH
 
REPORTING
9
 SOLE DISPOSITIVE POWER
 
 288,412
PERSON
WITH
10
SHARED DISPOSITIVE POWER
 
 -0-
11
 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 288,412
12
 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES*
  [_]
 
13
 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 1.4 % 1
14
 TYPE OF REPORTING PERSON*
 
 PN
 
 
__________________
1 Based on 20,196,243 shares of common stock of DDi CORP. (the “Issuer”) outstanding as of February 22, 2011, as reported in the Issuer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission on February 22, 2011.
 
 
 
 

 
 
 CUSIP No. 233162502  13D  Page 3
 
 
1
 NAME OF REPORTING PERSON
S .S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
 
 Riley Investment Management LLC
2
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a)   [_]
 (b)   [X]
 
3
 SEC USE ONLY
 
 
4
 SOURCE OF FUNDS*
 AF
5
 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
 [_]
 
6
 CITIZENSHIP OR PLACE OF ORGANIZATION
 
 Delaware
NUMBER OF
                              
SHARES
7
 SOLE VOTING POWER
 
 838,610 2
BENEFICIALLY
 
OWNED BY
8
 SHARED VOTING POWER
 
 0
EACH
 
REPORTING
9
 SOLE DISPOSITIVE POWER
 
 838,610 2
PERSON
 
WITH
10
 SHARED DISPOSITIVE POWER
 
 0
11
 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 838,610 3
12
 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES*
 [X]
 
13
 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 4.2% 1
14
 TYPE OF REPORTING PERSON*
 
 IA

_____________________
  
2 Because Riley Investment Management LLC has sole investment and voting power over 288,412 shares of Common Stock held by Riley Investment Partners, L.P. and 550,198 shares of Common Stock held in managed accounts of its investment advisory clients, Riley Investment Management LLC may be deemed to have beneficial ownership of these shares.
 
 
 
 
 
 
 
 
 CUSIP No. 233162502  13D  Page 4

 
1
 NAME OF REPORTING PERSON
 S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
 
 B. Riley &  Co., LLC
2
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  (a)   [_]
  (b)   [X]
 
3
 SEC USE ONLY
 
 
4
 SOURCE OF FUNDS*
 WC
5
 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
 [_]
 
6
 CITIZENSHIP OR PLACE OF ORGANIZATION
 
 Delaware
NUMBER OF
                              
SHARES
7
 SOLE VOTING POWER
 
 155,191
BENEFICIALLY
 
OWNED BY
8
 SHARED VOTING POWER
 
 0
EACH
 
REPORTING
9
 SOLE DISPOSITIVE POWER
 
 155,191
PERSON
 
WITH
10
 SHARED DISPOSITIVE POWER
 
 0
11
 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 155,191
12
 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES*
 [_]
 
13
 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 0.8 % 1
14
 TYPE OF REPORTING PERSON*
 
 BD
 
 
 
 
 
 
 
 
 
 CUSIP No. 233162502  13D  Page 5

1
 NAME OF REPORTING PERSON
 S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
 
 B. Riley & Co. Retirement Trust
2
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a)   [_]
 (b)   [X]
 
3
 SEC USE ONLY
 
 
4
 SOURCE OF FUNDS*
 WC
5
 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
 [_]
 
6
 CITIZENSHIP OR PLACE OF ORGANIZATION
 
 United States
NUMBER OF
                              
SHARES
7
 SOLE VOTING POWER
 
 42,070
BENEFICIALLY
 
OWNED BY
8
 SHARED VOTING POWER
 
 0
EACH
 
REPORTING
9
 SOLE DISPOSITIVE POWER
 
 42,070
PERSON
 
WITH
10
 SHARED DISPOSITIVE POWER
 
 0
11
 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 42,070
12
 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES*
 [_]
 
13
 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
  0.2 %1
14
 TYPE OF REPORTING PERSON*
 
 EP
 
 
 
 
 
 
 
 
 
 CUSIP No. 233162502  13D  Page 6


1
 NAME OF REPORTING PERSON
 S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
 
 Bryant R. Riley
2
 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a)   [_]
 (b)   [X]
 
3
 SEC USE ONLY
 
 
4
 SOURCE OF FUNDS*
 AF
5
 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
 [_]
 
6
 CITIZENSHIP OR PLACE OF ORGANIZATION
 
 United States
NUMBER OF
                              
SHARES
7
 SOLE VOTING POWER
 
 1,093,8713
BENEFICIALLY
 
OWNED BY
8
 SHARED VOTING POWER
 
 0
EACH
 
REPORTING
9
 SOLE DISPOSITIVE POWER
 
 1,093,871 3
PERSON
 
WITH
10
 SHARED DISPOSITIVE POWER
 
 0
11
 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 1,093,8713
12
 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES*
 [X]
 
13
 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 5.5% 1
14
 TYPE OF REPORTING PERSON*
 
 IN
 
________________
3 Because Riley Investment Management LLC has sole voting and investment power over Riley Investment Partners, L.P.’s security holdings and certain of its investment advisory clients and Mr. Riley, in his role as the sole manager of Riley Investment Management LLC, controls its voting and investment decisions, Mr. Riley may be deemed to have beneficial ownership of the 288,412 shares of Common Stock held by Riley Investment Partners, L.P. and 550,198 shares held in managed accounts of its investment advisory clients.  Includes 155,191 shares of Common Stock owned by B. Riley & Co., LLC. Mr. Riley is the Chairman and sole indirect equity owner of B. Riley & Co., LLC. Includes 42,070 shares owned by B. Riley & Co. Retirement Trust.  Mr. Riley is Trustee of the B. Riley & Co. Retirement Trust.  Includes options exercisable to purchase 10.000 shares of Common Stock held by Mr. Riley.  Includes 48,000 shares held in custodial accounts for Mr. Riley’s children of which Mr. Riley is the Custodian.
 
 
 
 
 

 
 
 CUSIP No. 233162502  13D  Page 7
 

Item 5.
Interest in Securities of the Issuer


(c)           As of March 11, 2011 Riley Investment Management LLC no longer maintains shared voting and dispositive power over 310,794 shares of Common Stock held in a managed account by its investment advisory client.  Mr. Riley had previously disclaimed beneficial ownership of these shares.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 CUSIP No. 233162502  13D  Page 8

 
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.

  Date: March 8, 2011


 
Riley Investment Partners, L.P.
     
 
     
By: Riley Investment Management, its General Partner
 
 
By:
/s/ BRYANT R. RILEY
   
Bryant R. Riley, Managing Member
   
 
Riley Investment Management, LLC
 
     
  
 
By:
/s/ BRYANT R. RILEY
   
Bryant R. Riley, Managing Member
   
 
B. Riley & Co., LLC
 
     
  
 
By:
/s/ BRYANT R. RILEY
   
Bryant R. Riley, Chairman
   
 
B. Riley & Co. Retirement Trust
 
     
  
 
By:
/s/ BRYANT R. RILEY
   
Bryant R. Riley, Trustee
 
     
  
 
By:
/s/ BRYANT R. RILEY
   
Bryant R. Riley