X0202 5 2007-12-31 0 1 1 0000747605 VERAMARK TECHNOLOGIES INC VERA.OB 0001056868 SUMMIT CAPITAL MANAGEMENT LLC 600 UNIVERSITY ST SUITE 2304 SEATTLE WA 98101 0 0 1 0 Common Stock par value $0.10 per share 3 0 D Common Stock par value $0.10 per share 3 0 D Common Stock par value $0.10 per share 2007-01-03 4 P 0 2500 0.7875 A 1375100 D Common Stock par value $0.10 per share 2007-01-04 4 P 0 2500 0.7950 A 1377600 D Common Stock par value $0.10 per share 2007-01-09 4 P 0 2000 0.7950 A 1379600 D Common Stock par value $0.10 per share 2007-01-11 4 P 0 3000 0.815 A 1382600 D Common Stock par value $0.10 per share 2007-05-03 4 P 0 7000 0.8321 A 1389600 D Common Stock par value $0.10 per share 2007-05-04 4 P 0 20000 0.8257 A 1409600 D Common Stock par value $0.10 per share 2007-05-07 4 P 0 6000 0.81 A 1415600 D Common Stock par value $0.10 per share 2007-06-28 4 P 0 6500 0.8123 A 1422100 D Common Stock par value $0.10 per share 2007-08-10 4 P 0 10000 0.7715 A 1432100 D Common Stock par value $0.10 per share 2007-08-30 4 P 0 11000 0.765 A 1443100 D Common Stock par value $0.10 per share 2007-09-27 4 P 0 18480 0.8531 A 1461580 D Common Stock par value $0.10 per share 2007-10-04 4 P 0 500 0.8 A 1462080 D Common Stock par value $0.10 per share 2007-10-08 4 P 0 900 0.7867 A 1462980 D Common Stock par value $0.10 per share 2007-10-18 4 P 0 245 0.77 A 1463225 D Common Stock par value $0.10 per share 2007-10-19 4 P 0 25 0.77 A 1463250 D Common Stock par value $0.10 per share 2007-10-23 4 P 0 11000 0.7752 A 1474250 D Common Stock par value $0.10 per share 2007-10-29 4 P 0 500 0.8 A 1474750 D Common Stock par value $0.10 per share 2007-10-31 4 P 0 800 0.7938 A 1475550 D Common Stock par value $0.10 per share 2007-11-01 4 P 0 500 0.805 A 1476050 D Common Stock par value $0.10 per share 2007-11-26 4 P 0 6000 0.82 A 1482050 D Common Stock par value $0.10 per share 2007-11-29 4 P 0 690 0.7875 A 1482740 D Common Stock par value $0.10 per share 2007-12-06 4 P 0 4000 0.79 A 1486740 D Common Stock par value $0.10 per share 2007-12-10 4 P 0 5500 0.79 A 1492240 D Common Stock par value $0.10 per share 2007-12-12 4 P 0 1150 0.81 A 1493390 D Common Stock par value $0.10 per share 2007-12-19 4 P 0 14500 0.7151 A 1507890 D Common Stock par value $0.10 per share 2007-12-20 4 P 0 9500 0.7266 A 1517390 D Common Stock par value $0.10 per share 2007-12-26 4 P 0 2100 0.7375 A 1519490 D The specific transaction date on which the reporting persons became 10% beneficial owners of the registrant's common stock cannot be determined. The reporting persons have only acquired securities of the registrant and have never sold any securities of the registrant as of the date of the filing of this Form 5. Summit Capital Management, Summit Capital Partners and Summit Special Situations beneficially owned 1,142,600 shares as of the end of the registrant's fiscal year, December 31, 2006. Securities owned directly by Summit Special Situations. Farragut beneficially owned 230,000 shares as of the end of the registrant's fiscal year, December 31, 2006. Securities owned directly by Farragut. This Form 5 is being jointly filed on behalf of Summit Capital Management, LLC ("Summit Capital Management"), Summit Capital Partners, LLC ("Summit Capital Partners"), Summit Special Situations Fund, LP ("Summit Special Situations"), Farragut Partners LLC ("Farragut") and John C. Rudolf ("Rudolf"). The reporting persons are members of a Section 13(d) group owning more than 10% of the outstanding common stock of the registrant. 1,278,840 shares of the registrant's securities reported in this Form 5 are owned directly by Summit Special Situations. 240,650 shares of the registrant's securities reported in this Form 5 are owned directly by Farragut. Summit Capital Management is the investment advisor of Summit Capital Partners. Summit Capital Partners is the general partner of Summit Special Situations. Rudolf is the Managing Member of Summit Capital Partners and the President of Summit Capital Management. Each of the reporting persons other than Summit Special Situations and Farragut disclaim beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. Summit Capital Management, Summit Capital Partners and Summit Special Situations disclaim beneficial ownership of the reported securities held by Farragut and Farragut disclaims beneficial ownership of the reported securities held by Summit Capital Management, Summit Capital Partners and Summit Special Situations. /s/ John C. Rudolf 2008-02-14