-----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, LFkHEQiVVjwZ309GghEAOoa4J+1rQ8svW6SFBIJdRXPhkmqTtrNrfXcrp1eCGnEN M91NV2dznaqWuvhT4vgAlw== 0001144204-07-007665.txt : 20070214 0001144204-07-007665.hdr.sgml : 20070214 20070214120832 ACCESSION NUMBER: 0001144204-07-007665 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070214 DATE AS OF CHANGE: 20070214 GROUP MEMBERS: BRUCE GALLOWAY GROUP MEMBERS: GARY HERMAN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VANTAGEMED CORP CENTRAL INDEX KEY: 0001099531 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 680383530 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60909 FILM NUMBER: 07616253 BUSINESS ADDRESS: STREET 1: 3017 KILGORE ROAD STREET 2: SUITE 195 CITY: RANCHO CORDOVE STATE: CA ZIP: 95670-6149 BUSINESS PHONE: 9166384744 MAIL ADDRESS: STREET 1: 3017 KILGORE ROAD STREET 2: SUITE 195 CITY: RANCHO CORDOVA STATE: CA ZIP: 95670-6149 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STRATEGIC TURNAROUND EQUITY PARTNERS LP CAYMAN CENTRAL INDEX KEY: 0001372509 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2150 GT 4TH FLOOR STREET 2: 1 CAYMAN FINANCIAL CENTER CITY: GRAND CAYMAN STATE: E9 ZIP: 00000 BUSINESS PHONE: 212 247 0581 MAIL ADDRESS: STREET 1: PO BOX 2150 GT 4TH FLOOR STREET 2: 1 CAYMAN FINANCIAL CENTER CITY: GRAND CAYMAN STATE: E9 ZIP: 00000 SC 13G/A 1 v065876_sc13ga.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 4) VANTAGEMED CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 92208W 10 6 - -------------------------------------------------------------------------------- (CUSIP Number) February 14, 2007 - -------------------------------------------------------------------------------- (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) - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Strategic Turnaround Equity Partners, L.P. (Cayman) - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 0 - -------------------------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 1,160,791 - -------------------------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING 0 - -------------------------------------------------------------------------------- PERSON 8. SHARED DISPOSITIVE POWER WITH 1,160,791 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,160,791 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.55%(1) - ------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* PN - ---------------- (1) Based on 15,358,745 shares of common stock outstanding as of October 31, 2006, as reported by the Issuer in Form 10-QSB filed with the Securities and Exchange Commission on November 14, 2006. 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Bruce Galloway - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 558,785 - -------------------------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 1,160,791 - -------------------------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING 558,785 - -------------------------------------------------------------------------------- PERSON 8. SHARED DISPOSITIVE POWER WITH 1,160,791 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,719,576 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.19%(2) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - ----------------- (2) Based on 15,358,745 shares of common stock outstanding as of October 31, 2006, as reported by the Issuer in Form 10-QSB filed with the Securities and Exchange Commission on November 14, 2006. 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Gary Herman - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- NUMBER OF 5. SOLE VOTING POWER SHARES 42,000 - -------------------------------------------------------------------------------- BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 1,160,791 - -------------------------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING 42,000 - -------------------------------------------------------------------------------- PERSON 8. SHARED DISPOSITIVE POWER WITH 1,160,791 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,202,791 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.83%(3) - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON* IN - ----------------- (3) Based on 15,358,745 shares of common stock outstanding as of October 31, 2006, as reported by the Issuer in Form 10-QSB filed with the Securities and Exchange Commission on November 14, 2006. Item 1(a). Name of Issuer: VantageMed Corporation (the "Issuer") - -------------------------------------------------------------------------------- Item 1(b). Address of Issuer's Principal Executive Offices: 11060 White Road, Suite 210 Rancho Cordova, CA 95670 - -------------------------------------------------------------------------------- Item 2(a). Name of Persons Filing: Strategic Turnaround Equity Partners, L.P. (Cayman, Bruce Galloway and Gary Herman (Collectively, the "Reporting Persons"). - -------------------------------------------------------------------------------- Item 2(b). Address of Principal Business Office, or if None, Residence: Strategic Turnaround Equity Partners, L.P. (Cayman): c/o Stuarts Corporate Services, Ltd., P.O. Box 2510 GT, 4th Floor, One Cayman Financial Centre, 36A Dr. Roy's Drive, Georgetown, Grand Cayman, Cayman Island c/o Galloway Capital Management, LLC (Cayman), 720 Fifth Avenue, 10th Floor, New York, NY 10019. Bruce Galloway and Gary Herman: c/o Galloway Capital Management, LLC (Cayman), 720 Fifth Avenue, 10th floor, New York, New York 10019. - -------------------------------------------------------------------------------- Item 2(c). Citizenship: Strategic Turnaround Equity Partners, L.P. (Cayman): Cayman Islands Bruce Galloway: United States Gary Herman: United States - -------------------------------------------------------------------------------- Item 2(d). Title of Class of Securities: This statement on Schedule 13G is being filed with respect to Common Stock, par value $0.001 per share (the "Common Stock") of the Issuer. - -------------------------------------------------------------------------------- Item 2(e). CUSIP Number: 92208W 10 6 - -------------------------------------------------------------------------------- Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: Not Applicable. (a) |_| Broker or dealer registered under Section 15 of the Exchange Act. (b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act. (c) |_| Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) |_| Investment company registered under Section 8 of the Investment Company Act. (e) |_| An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) |_| An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) |_| A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) |_| A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) |_| A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. (a) Amount beneficially owned: Strategic Turnaround Equity Partners, L.P. (Cayman): 1,160,791 Bruce Galloway: 1,719,576(1)(2) Gary Herman: 1,000,780(1)(2) (1) 558,785 shares owned by Mr. Galloway. 1,050 shares held by Mr. Galloway's children for whom Mr. Galloway has the power to vote and dispose, shares held by Strategic Turnaround Equity Partners, L.P.(Cayman)("STEP"). Mr. Galloway and Mr. Herman are the managing members of Galloway Capital Management, LLC (Cayman), the general partner of STEP and share the power to vote and dispose the shares. As a result, Mr. Galloway may be deemed to directly beneficially own the shares held by his children, Jacombs and may be deemed indirectly beneficially own, together with Mr. Herman, the shares held by STEP. Mr. Galloway disclaims beneficial ownership of the shares directly beneficially owned, together with Mr. Herman, by STEP, except to the indirect interests by virtue of Mr. Galloway being, together with Mr. Herman, managing members of Galloway Capital Management, LLC (Cayman), the general partner of STEP. (2) 16,000 shares owned by Mr. Herman. 26,000 shares held by FBR, Inc. ("FBR") for which Mr. Herman is the sole owner and serves as an officer and has the power to vote and dispose, and 1,160,791 shares owned by STEP. Mr. Herman and Mr. Galloway are managing members of Galloway Capital Management, LLC (Cayman), the general partner of STEP and share the power to vote and dispose the shares. As a result, Mr. Herman may be deemed to directly beneficially own the shares held by FBR and may be deemed indirectly beneficially own, together with Mr. Galloway, the shares held by STEP. Mr. Herman disclaims beneficial ownership, together with Mr. Galloway, of the shares directly beneficially owned by STEP, except to the indirect interests by virtue of Mr. Herman being, together with Mr. Galloway, managing members of Galloway Capital Management, LLC (Cayman), the general partner of STEP. ---------------------------------- (b) Percent of class: The information in items 1, and 5 through 11 on each of the three cover pages of this Schedule 13G is hereby incorporated by reference. The information provided under this section is based on 15,358,745 shares of common stock outstanding as of October 31, 2006, as reported by the Issuer in Form 10-QSB filed with the Securities and Exchange Commission on November 14, 2006. - -------------------------------------------------------------------------------- (c) Number of shares as to which such person has: The information in items 1, and 5 through 11 on each of the three cover pages of this Schedule 13G is hereby incorporated by reference 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. Certifications. (a) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c): 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. 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. Dated: February 14, 2007 Strategic Turnaround Equity Partners, L.P. (Cayman) By: /s/ Gary Herman Name: Gary Herman Title: Managing Member of Galloway Capital Management, LLC (Cayman), the general partner of Strategic Turnaround Equity Partners, L.P. (Cayman) By: /s/ Bruce Galloway ------------------------ Bruce Galloway By: /s/ Gary Herman ------------------------ Gary Herman -----END PRIVACY-ENHANCED MESSAGE-----