-----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, IlcduQTnzZ271vPZ79VluW0BAeJyu1KjgnXrp4HvaO3u6NtGpvU6pgrQr87KCHMR MKUa7qHAUrMt2ObCNL+Jjg== 0000910680-04-001080.txt : 20050929 0000910680-04-001080.hdr.sgml : 20050929 20041015115242 ACCESSION NUMBER: 0000910680-04-001080 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RAMP CORP CENTRAL INDEX KEY: 0000890784 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 841123311 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 33 MAIDEN LANE CITY: NEW YORK STATE: NY ZIP: 10038 BUSINESS PHONE: 212-440-1500 MAIL ADDRESS: STREET 1: 33 MAIDEN LANE CITY: NEW YORK STATE: NY ZIP: 10038 FORMER COMPANY: FORMER CONFORMED NAME: MEDIX RESOURCES INC DATE OF NAME CHANGE: 19980218 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL NURSING SERVICES INC DATE OF NAME CHANGE: 19940719 CORRESP 1 filename1.txt Jenkens & Gilchrist Parker Chapin LLP THE CHRYSLER BUILDING 405 LEXINGTON AVENUE AUSTIN, TEXAS NEW YORK, NEW YORK 10174 (512) 499-3800 CHICAGO, ILLINOIS (212) 704-6000 (312) 425-3900 FACSIMILE (212) 704-6288 DALLAS, TEXAS (214) 855-4500 www.jenkens.com HOUSTON, TEXAS (713) 951-3300 Martin Eric Weisberg LOS ANGELES, CALIFORNIA (212) 704-6050 (310) 820-8800 mweisberg@jenkens.com SAN ANTONIO, TEXAS (210) 246-5000 WASHINGTON, D.C. (202) 326-1500 October 15, 2004 VIA EDGAR AND FACSIMILE - ----------------------- Ms. Barbara C. Jacobs Assistant Director Securities and Exchange Commission Division of Corporate Finance Mail Stop 4-6 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Ramp Corporation Preliminary Proxy Statement filed on October 1, 2004, File No. 1-15805 ---------------------------------------------------------------------- Dear Ms. Jacobs: We have reviewed your comment letter dated October 8, 2004 to the Preliminary Proxy Statement (the "Proxy Statement") of Ramp Corporation (the "Company"). On behalf of the Company and based upon the Company's representations to us, we hereby respond to each comment set forth in your comment letter. The numbered paragraphs in this letter correspond to the consecutively numbered paragraphs in the comment letter. PROPOSAL 2: REVERSE STOCK SPLIT - -------------------------------- 1. For the Staff's information, as of the Record Date set forth in the Proxy Statement, the Company had 559 holders of record of common stock, par value $.001 per share ("Common Stock"). As a result of the proposed reverse stock split, 34 holders of record of Common Stock held less than sixty shares of Common Stock and could be eliminated as a result of the reverse split, with a minimum number of record holders of 525. 2. For the Staff's information, the Company and its outside counsel are aware of Rule 10b-17 promulgated under the Securities Act of 1933, as amended and the Company undertakes to Jenkens & Gilchrist Parker Chapin LLP Ms. Barbara C. Jacobs Assistant Director Securities and Exchange Commission October 15, 2004 Page 2 comply with such rule in connection with the process of implementing the reverse stock split, if approved by stockholders and implemented by the board of directors. PROPOSAL 3: 2005 STOCK INCENTIVE PLAN - ------------------------------------- 3. As requested by the Staff, the Company has revised the third paragraph under Proposal 3 to state that the Company is providing a materially complete summary of the 2005 Stock Incentive Plan in accordance with Item 10(a)(1) of Schedule 14A and has eliminated statements that the description does not purport to be complete and is qualified in its entirety by reference to the full text of the plan. 4. As requested by the Staff, the Company has revised the disclosure regarding the 2005 Stock Incentive Plan in accordance with Item 10 of Schedule 14A to add the following under the heading "Equity Compensation Plan Information": "In addition to the issuance of Common Stock under our stock option plans set forth in the above table, we have prior obligations to pay a retention bonus to certain of our current and former employees and consultants in the aggregate principal amount of $1,869,510. We anticipate that these obligations shall be paid through the issuance of restricted shares of Common Stock to be issued under the 2005 Plan, if such plan is approved by stockholders. We will enter restricted stock agreements with such persons on terms and conditions to be agreed upon. The number of such restricted shares to be issued will be based upon the market price of the Common Stock and other factors." CONCLUSION We have enclosed marked pages of the Proxy Statement showing the changes set forth above. If acceptable to the Staff, we respectfully request that the Company be allowed to file a definitive proxy statement with the Commission which shall include the additional disclosures set forth herein. Please feel free to call me at (212) 704-6050 or my colleague, Stephen G. Cordaro at (212) 704-6073 if you have any questions or if you require further information. Very truly yours, /s/ Martin Eric Weisberg Martin Eric Weisberg cc: Mr. Andrew Brown Stephen G. Cordaro, Esq. -----END PRIVACY-ENHANCED MESSAGE-----