0000890163-05-000179.txt : 20120614
0000890163-05-000179.hdr.sgml : 20120614
20050401110740
ACCESSION NUMBER: 0000890163-05-000179
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 3
FILED AS OF DATE: 20050401
DATE AS OF CHANGE: 20050401
GROUP MEMBERS: PAUL J. SOLIT
GROUP MEMBERS: POTOMAC CAPITAL MANAGEMENT INC.
GROUP MEMBERS: POTOMAC CAPITAL MANAGEMENT LLC
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: POTOMAC CAPITAL MANAGEMENT LLC
CENTRAL INDEX KEY: 0001233369
IRS NUMBER: 133984298
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: 153 E. 53RD STREET
CITY: NEW YORK
STATE: NY
ZIP: 10022
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: RADIANT SYSTEMS INC
CENTRAL INDEX KEY: 0000845818
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
IRS NUMBER: 112749765
STATE OF INCORPORATION: GA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-52437
FILM NUMBER: 05723493
BUSINESS ADDRESS:
STREET 1: 1000 ALDERMAN DR
STREET 2: STE A
CITY: ALPHARETTA
STATE: GA
ZIP: 30202
BUSINESS PHONE: 7707723000
MAIL ADDRESS:
STREET 1: 1000 ALDERMAN DRIVE
STREET 2: STE A
CITY: ALPHARETTA
STATE: GA
ZIP: 30202
SC 13G/A
1
s11-5290r_13ga.txt
13 G/A
SEC 1745 POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
(02-02) CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION OMB Number:
3235-0145
WASHINGTON, D.C. 20549 Expires: December
31, 2005
SCHEDULE 13G Estimated average
(RULE 13D-102) burden hours per
response. . 11
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
RADIANT SYSTEMS, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
75025N102
(CUSIP Number)
MARCH 15, 2005
(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
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. 75025N102
1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS (ENTITIES ONLY)
Potomac Capital Management LLC
13-3984298
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) [ ]
(B) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY 6. SHARED VOTING POWER
EACH 1,276,367 shares of Common Stock
REPORTING
PERSON WITH 7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
1,276,367 shares of Common Stock
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,276,367 shares of Common Stock
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.39%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC; OO (Limited Liability Company)
2
CUSIP NO. 75025N102
1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS (ENTITIES ONLY)
Potomac Capital Management Inc.
13-3984786
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) [ ]
(B) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY 6. SHARED VOTING POWER
EACH 1,276,367 shares of Common Stock
REPORTING
PERSON WITH 7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
1,276,367 shares of Common Stock
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,276,367 shares of Common Stock
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.39%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC; CO
3
CUSIP NO. 75025N102
1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS (ENTITIES ONLY)
Paul J. Solit
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(A) [ ]
(B) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY 6. SHARED VOTING POWER
EACH 1,276,367 shares of Common Stock
REPORTING
PERSON WITH 7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
1,276,367 shares of Common Stock
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,276,367 shares of Common Stock
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.39%
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN; HC
4
ITEM 1.
(A) NAME OF ISSUER
Radiant Systems, Inc.
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
3925 Brookside Parkway
Alpharetta, Georgia 30022
ITEM 2.
(A) NAME OF PERSON FILING
This statement is being filed by (i) Potomac Capital Management LLC;
(ii) Potomac Capital Management Inc.; and (iii) Paul J. Solit
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
(i), (ii), and (iii)
153 E. 53rd Street,
26th Floor
New York, New York 10022
(C) CITIZENSHIP
(i) New York
(ii) New York
(iii) U.S.
(D) TITLE OF CLASS OF SECURITIES
Common Stock, par value $0.10 per share
(E) CUSIP NUMBER
75025N102
ITEM 3. Not Applicable
ITEM 4. OWNERSHIP
PROVIDE THE FOLLOWING INFORMATION REGARDING THE AGGREGATE NUMBER AND
PERCENTAGE OF THE CLASS OF SECURITIES OF THE ISSUER IDENTIFIED IN
ITEM 1.
Potomac Capital Management LLC
Potomac Capital Management Inc.
Paul J. Solit
(A) AMOUNT BENEFICIALLY OWNED: 1,276,367
(B) PERCENT OF CLASS: 4.39%
(C) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE 0
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE
1,276,367
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF 0
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF 1,276,367
5
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this Statement is being filed to report the fact that as of the date hereof
the Reporting Persons have ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [X]
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 OR CONTROL
PERSON
See Exhibit A attached hereto.
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.
6
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated this 31st day of March, 2005
POTOMAC CAPITAL MANAGEMENT LLC
By: /s/ Paul J. Solit
-----------------------
Paul J. Solit, Managing Member
POTOMAC CAPITAL MANAGEMENT INC.
By: /s/ Paul J. Solit
---------------------
Paul J. Solit, President
PAUL J. SOLIT
By: /s/ Paul J. Solit
---------------------
Paul J. Solit
EXHIBIT INDEX
The following exhibits are filed with this report on Schedule 13G/A:
Exhibit A I dentification of entities which acquired the shares which are
the subject of this report on Schedule 13G/A.
Exhibit B Joint Filing Agreement dated March 31, 2005among Potomac Capital
Management LLC, Potomac Capital Management, Inc. and Paul J. Solit
EX-99
2
s11-5290r_exa.txt
EXHIBIT A
Exhibit A
Identification of entities which acquired the shares which are the subject of
this report on Schedule 13G/A.
(1) Potomac Capital Partners LP, a private investment partnership formed
under the laws of State of Delaware. Potomac Capital Management LLC is
the General Partner of Potomac Capital Partners LP. Mr. Paul J. Solit
is the Managing Member of Potomac Capital Management LLC.
(2) Potomac Capital International Ltd., an international business company
formed under the laws of the British Virgin Islands. Potomac Capital
Management Inc. is the Investment Manager of Potomac Capital
International Ltd. Paul J. Solit is the President and sole owner of
Potomac Capital Management Inc., and a Director of Potomac Capital
International Ltd.
(3) Pleiades Investment Partners-R, LP, a private investment partnership
formed under the laws of the State of Delaware. Potomac Capital
Management Inc. is the Investment Manager of a managed account of
Pleiades Investment Partners-R, LP. Paul J. Solit is the President and
sole owner of Potomac Capital Management Inc.
EX-32
3
s11-5290_exb.txt
EXHIBIT B
Exhibit B
JOINT FILING AGREEMENT
This Agreement is filed as an exhibit to Schedule 13G/A
being filed by Potomac Capital Management LLC, Potomac Capital
Management Inc., and Paul J. Solit in compliance with Rule 13d-1(k) of
the Securities and Exchange Commission, which requires an agreement in
writing indicating that the Schedule 13G/A to which this Agreement is
attached is filed on behalf of the below-named entities, that they are
each responsible for the timely filing of the Schedule 13G/A and any
amendments thereto and for the completeness and accuracy of the
information concerning such persons contained therein.
Dated: March 31, 2005
POTOMAC CAPITAL MANAGEMENT LLC
By: /s/ Paul J. Solit
-----------------------
Paul J. Solit, Managing Member
POTOMAC CAPITAL MANAGEMENT INC.
By: /s/ Paul J. Solit
---------------------
Paul J. Solit, President
PAUL J. SOLIT
By: /s/ Paul J. Solit
---------------------
Paul J. Solit