SC 13G 1 d238317595.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13G Unify Corporation ------------------------------------------------------------------------------ (Name of Issuer) Common Stock, $.001 Par Value Per Share ------------------------------------------------------------------------------- (Title of Class of Securities) 904743101 ------------------------------------------------------------------------------ (CUSIP Number of Class of Securities) November 20, 2006 ------------------------------------------------------------------------------ (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) CUSIP No. 904743101 Page 2 of 8 Pages ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS ComVest Capital LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 51-0567247 ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] Reporting person is affiliated with other persons. ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 2,760,000 Shares _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 2,760,000 Shares ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,760,000 Shares(1) ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.5% of Common Stock ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* (See Instructions) OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! (1) In addition to the aggregate amount beneficially owned by the Reporting Person as reported in this Schedule 13G, the Reporting Person has the right to acquire up to an additional 3,060,000 shares of the Issuer's common stock subject to the satisfaction of certain contingencies which are outside of the Reporting Person's control. CUSIP No. 904743101 Page 3 of 8 Pages ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS ComVest Capital Management LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 51-0567244 ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] Reporting person is affiliated with other persons. ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 2,760,000 Shares _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 2,760,000 Shares ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,760,000 Shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.5% of Common Stock ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* (See Instructions) OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 904743101 Page 4 of 8 Pages ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS ComVest Group Holdings, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) 01-0622406 ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] Reporting person is affiliated with other persons. ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 2,760,000 Shares _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 2,760,000 Shares ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,760,000 Shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.5% of Common Stock ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* (See Instructions) OO ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 904743101 Page 5 of 8 Pages ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS Michael S. Falk I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] Reporting person is affiliated with other persons. ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION USA ________________________________________________________________________________ NUMBER OF 5. SOLE VOTING POWER SHARES _________________________________________________________________ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 2,760,000 Shares _________________________________________________________________ EACH 7. SOLE DISPOSITIVE POWER REPORTING _________________________________________________________________ PERSON 8. SHARED DISPOSITIVE POWER WITH 2,760,000 Shares ________________________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,760,000 Shares ________________________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.5% of Common Stock ________________________________________________________________________________ 12. TYPE OF REPORTING PERSON* (See Instructions) IN ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! ITEM 1(a). Name of Issuer: Unity Corporation ITEM 1(b). Address of Issuer's Principal Executive Offices: 2101 Arena Blvd., Suite 100, Sacramento, California 95834 ------------------------------------------------------------------- ITEM 2(a). Names of Persons Filing: ComVest Capital LLC ("ComVest") ------------------------------------------------------------------- ComVest Capital Management LLC ("Management") ------------------------------------------------------------------- ComVest Group Holdings, LLC ("CGH") ------------------------------------------------------------------- Michael S. Falk ------------------------------------------------------------------- ITEM 2(b). Address of Principal Business Office or, if None, Residence: One North Clematis, Suite 300, West Palm Beach, Florida 33401 ------------------------------------------------------------------- ITEM 2(c). Citizenship: Management, ComVest and CGH are Delaware Limited Liability Companies. Michael S. Falk is a U.S. citizen. ------------------------------------------------------------------ ITEM 2(d). Title of Class of Securities: Common Stock, $.001 Par Value Per Share ------------------------------------------------------------------- ITEM 2(e). CUSIP Number: 904743101 ITEM 3. If this Statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is: The reporting persons are a group for purposes of the filing of this statement. ITEM 4. Ownership: (a) Amount beneficially owned by all reporting persons: 2,760,000 Shares (b) Percent of class: 8.5% of Common Stock (c) Number of shares as to which the reporting persons have: (i) sole power to vote or to direct the vote: 0 Shares (ii) shared power to vote or to direct the vote: 2,760,000 Shares Page 6 of 8 (iii) sole power to dispose or to direct the disposition: 0 Shares (iv) shared power to dispose or to direct the disposition: 2,760,000 Shares ITEM 5. Ownership of five percent or less of a class. If this statement is being filed to reflect the fact that as of the date hereof the reporting person has ceased to be the owner of more than five percent of the class of securities, check the following: [ ]. 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. The reporting persons are a group for purposes of filing this Statement. See Exhibit 1 attached hereto. ITEM 9. Notice of dissolution of group. Not applicable. ITEM 10. Certifications. 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 or as a participant in any transaction having that purpose or effect. Page 7 of 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. Dated: February 21, 2007 ComVest Capital LLC By: ComVest Capital Management LLC, its managing member By: /s/ Michael S. Falk ---------------------------------- Michael S. Falk, Managing Member ComVest Capital Management LLC By: /s/ Michael S. Falk ---------------------------------- Michael S. Falk, Managing Member ComVest Group Holdings LLC By: /s/ Michael S. Falk ---------------------------------- Michael S. Falk, Chairman /s/ Michael S. Falk ------------------------------------------- Michael S. Falk, individually