-----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, H1jZih/8rVkXGUgMMWLS0cFYN0ygQ6LssVXRLxkzTNYGQ8M+/dK5p0ELpg36ph1i bG3ukrG6EIexS8HFAf/7IQ== 0001108890-07-000050.txt : 20070319 0001108890-07-000050.hdr.sgml : 20070319 20070319150632 ACCESSION NUMBER: 0001108890-07-000050 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070319 DATE AS OF CHANGE: 20070319 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TIME AMERICA INC CENTRAL INDEX KEY: 0000836937 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 133465289 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-40741 FILM NUMBER: 07703094 BUSINESS ADDRESS: STREET 1: 8840 EAST CHAPARRAL ROAD STREET 2: SUITE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85250 BUSINESS PHONE: 480-296-0442 MAIL ADDRESS: STREET 1: 8840 EAST CHAPARRAL ROAD STREET 2: SUITE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85250 FORMER COMPANY: FORMER CONFORMED NAME: VITRIX INC /NV/ DATE OF NAME CHANGE: 20000222 FORMER COMPANY: FORMER CONFORMED NAME: FBR CAPITAL CORP /NV/ DATE OF NAME CHANGE: 19960930 FORMER COMPANY: FORMER CONFORMED NAME: BARRIE RICHARD FRAGRANCES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SILVERMAN ANTHONY CENTRAL INDEX KEY: 0000904550 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 11811 N TATUM BLVD STE 4040 CITY: PHOENIX STATE: AZ ZIP: 85028 BUSINESS PHONE: 408 980-1795 MAIL ADDRESS: STREET 1: 7625 E. VIA DEL REPOSA CITY: SCOTTSDALE STATE: AZ ZIP: 85258 SC 13D 1 silverman13d031907.txt DATED 03-19-07 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. _)* TIME AMERICA, INC. -------------- (Name of Issuer) Common Stock, $.005 Par Value ---------------------------- (Title of Class of Securities) 887160109 ------------ (CUSIP number) Anthony Silverman 2747 Paradise Road, #1405 Las Vegas, NV 89109 (480) 980-0179 -------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 15, 2007 (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 subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box: [_] Note: Schedules filed in paper form 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. *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). (Continued on the following pages) Page 1 of 5 - ------------------------- -------------------------- CUSIP No. 887160109 SCHEDULE 13D Page 2 of 5 Pages - ------------------------- -------------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Anthony Silverman - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (See Instructions) (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- Anthony Silverman NUMBER OF 7 SOLE VOTING POWER 1,687,000 SHARES ------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER None OWNED BY ------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 1,687,000 REPORTING ------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 1,687,000 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.1% *Based on a total of 15,162,404 shares of Common Stock issued as stated in the Issuer's Quarterly Report on Form 10-QSB dated February 14, 2007 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------------------------------------------------------------------------------- - --------------------- ----------- CUSIP No. 887160109 SCHEDULE 13D Page 3 of 5 - --------------------- ----------- Item 1. Security and Issuer This statement relates to the Common Stock, $.005 par value, (the "Common Stock"), of Time America, Inc., a Nevada corporation (the "Issuer"). The principal executive office of the Issuer is located at 8840 E. Chaparral Road, Suite 100, Scottsdale, Arizona 85250. Item 2. Identity and Background Anthony Silverman resides at 2747 Paradise Road, #1405, Las Vegas, Nevada 89109. He is a private investor and financial consultant. He is a citizen of the United States. He has not, during the past five years, been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). He has not been, during the past five years, nor is he now 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 as a party to a civil proceeding of a judicial or administrative body of competent jurisdiction. Item 3. Source and Amount of Funds or Other Consideration During the past year, Mr. Silverman purchased an aggregate of 240,000 shares of the Common Stock of the Issuer in open market transactions, all with his own funds. In addition, during the past year, Mr. Silverman has acquired 280,000 shares of the Common Stock of the Issuer, through Katsinam Partners, LP, an Arizona limited partnership, in which Mr. Silverman is the general partner with sole power to vote such shares. The shares of the Common Stock of the Issuer held by Katsinam Partners were purchased with partnership funds in open market transactions. Item 4. Purpose of Transaction Mr. Silverman, including Katsinam Partners, acquired the Common Stock of the Issuer in open market purchases for general investment purposes. The reporting person has no present plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer (b) an extraordinary corporate transaction such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries, (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries, (d) any change in the present board of directors or management of the Issuer, (e) any material change to the present capitalization or dividend policy of the Issuer, (f) any other material change in the Issuer's business or corporate structure, (g) changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person, (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted on an inter-dealer quotation system of a registered national securities association, (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended, or (j) any action similar to any of those enumerated above. - --------------------- ----------- CUSIP No. 887160109 SCHEDULE 13D Page 4 of 5 - --------------------- ----------- Item 5. Interest in Securities of the Issuer (a) The aggregate number and percentage of shares of Common Stock of the Issuer beneficially owned by each Reporting Person is as follows: Aggregate Number Percentage Beneficial Owner of Shares Owned of Class* - -------------------------------------------------------------------------------- Anthony Silverman 1,687,000** 11.1% * Based on 15,162,404 shares of Common Stock issued as stated in the Issuer's Quarterly Report on Form 10-QSB dated February 14, 2007. (b) The number of shares of Common Stock as to which there is sole power to direct the vote, shares power to vote or to direct the vote, sole power to dispose or direct the disposition, or shared power to dispose or direct the disposition for the Reporting Person is set forth on the cover page in items 7 through 10. (c) There have been no reportable transactions with respect to the Common Stock of the Issuer within the last 60 days by the Reporting Person except for the acquisition of beneficial ownership of the securities being reported on this Schedule 13D, as follows: (i) On or about January 29, 2007, Mr. Silverman acquired 5,000 shares of Common Stock in an open market transaction at a price per share of $0.36. (ii) On or about February 12, 2007, Mr. Silverman acquired 10,000 shares of Common Stock in the open market at a price per share of $0.43. (iii) On or about February 15, 2007, Mr. Silverman acquired 4,000 shares of Common Stock in the open market at a price per share of $0.42. (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer None. Item 7. Material to be filed as Exhibits Not applicable. - --------------------- ----------- CUSIP No. 887160109 SCHEDULE 13D Page 5 of 5 - --------------------- ----------- SIGNATURE --------- After reasonable inquiry and to the best of its knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. March 19, 2007 ------------------------------------ (Date) By: /s/ Anthony Silverman --------------------------------- Anthony Silverman ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (see 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----