This Amendment No. 1 to Schedule 13D amends the statement on Schedule 13D (the “Initial Statement”) that was originally filed by S Squared Technology, LLC (“SST”), S Squared Capital II Management, LLC (“SSCIIM”), both Delaware limited liability companies, S Squared Technology Partners, L.P. (“SSTP”), a Delaware limited partnership, and Seymour L. Goldblatt (“Seymour”) and Kenneth A. Goldblatt (“Kenneth”) (SST, SSCIIM, SSTP, Seymour and Kenneth collectively referred to herein as the "Reporting Persons") on October 22, 2010. All capitalized terms used herein but not defined herein have the meanings set forth in the Initial Statement.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Persons may be deemed in the aggregate to beneficially own 8,148,900 shares of Common Stock, representing approximately 9.67% of the shares of Common Stock outstanding based on 84,331,155 shares of Common Stock outstanding as set forth in the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2010. None of the Reporting Persons may be deemed to beneficially own any shares of Common Stock other than as set forth herein.
(b) The Reporting Persons have the power to vote or direct the vote and to dispose or direct the disposition of the shares of Common Stock beneficially owned by the Reporting Persons as indicated herein.
(c) On January 14, 2011, SST sold 688,700 shares of Common Stock in the open market at a price of $2.45 per share.
On January 14, 2011, SSCIIM sold 311,300 shares of Common Stock in the open market at a price of $2.45 per share.
On December 2, 2010, SSCIIM sold 460,120 shares of Common Stock in the open market at a price of $2.33 per share.
(d) No person is known by any Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Common Stock beneficially owned by the Reporting Persons, other than the Reporting Persons.
(e) Not applicable.
Item 7. Material to be Filed as Exhibits.
The following documents are filed as exhibits:
Exhibit A – Joint filing agreement among the Reporting Persons, dated October 22, 2010 (incorporated by reference to the Schedule 13D filed by the Reporting Persons on October 22, 2010).
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: January 18, 2011 | | |
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| S Squared Technology, LLC | |
| By: /s/ Seymour L. Goldblatt | | |
| | Seymour L. Goldblatt | |
| | President | |
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| S Squared Capital II Management, LLC | |
| By: /s/ Seymour L. Goldblatt | | |
| | Seymour L. Goldblatt | |
| | President | |
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| S Squared Technology Partners, L.P. | |
| By: /s/ Seymour L. Goldblatt | | |
| | Seymour L. Goldblatt | |
| | President | |
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| | |
| | |
| Seymour L. Goldblatt | |
| /s/ Seymour L. Goldblatt | |
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| Kenneth A. Goldblatt | |
| /s/ Kenneth A. Goldblatt | |
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