SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 13)*
ITEX CORPORATION
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
465647204
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(CUSIP Number)
David Polonitza
54B Sandra Circle, Apt B-1
Westfield, NJ 07090
(502) 460-3141
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(Name, Address and Telephone Number of the Person
Authorized to Receive Notices and Communications)
May 16, 2012
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(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [X].
Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.)
(Continued of following pages)
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1. Name of Reporting Person
David Polonitza
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2. Check the Appropriate Box (a) [X]
if a Member of a Group (b) [_]
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3. S.E.C. Use Only
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4. Source of Funds
PF
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5. Check box if disclosure of legal proceedings is required
pursuant to items 2(D) or 2(E): / /
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6. Citizenship or Place of Organization
United States of America
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Number of Shares (7) Sole Voting Power 128,640
Beneficially (8) Shared Voting Power 0
Owned by Each (9) Sole Dispositive Power 128,640
Reporting Person (10) Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
128,640
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
[_]
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13. Percent of Class Represented by Amount in Row 11
4.33%
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14. Type of Reporting Person IN
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1. Name of Reporting Person
Wayne P. Jones
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2. Check the Appropriate Box (a) [X]
if a Member of a Group (b) [_]
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3. S.E.C. Use Only
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4. Source of Funds
PF
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5. Check box if disclosure of legal proceedings is required
pursuant to items 2(D) or 2(E): / /
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6. Citizenship or Place of Organization
United States of America
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Number of Shares (7) Sole Voting Power 0
Beneficially (8) Shared Voting Power 0
Owned by Each (9) Sole Dispositive Power 0
Reporting Person (10) Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
0
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
[_]
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13. Percent of Class Represented by Amount in Row 11
0.00%
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14. Type of Reporting Person IN
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1. Name of Reporting Person
Kirk Anderson
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2. Check the Appropriate Box (a) [X]
if a Member of a Group (b) [_]
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3. S.E.C. Use Only
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4. Source of Funds
PF
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5. Check box if disclosure of legal proceedings is required
pursuant to items 2(D) or 2(E): / /
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6. Citizenship or Place of Organization
United States of America
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Number of Shares (7) Sole Voting Power 71,645
Beneficially (8) Shared Voting Power 0
Owned by Each (9) Sole Dispositive Power 71,645
Reporting Person (10) Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
71,645
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
[_]
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13. Percent of Class Represented by Amount in Row 11
2.41%
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14. Type of Reporting Person IN
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1. Name of Reporting Person
Richard and Greta Polonitza Jt. Ten.
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2. Check the Appropriate Box (a) [X]
if a Member of a Group (b) [_]
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3. S.E.C. Use Only
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4. Source of Funds
PF
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5. Check box if disclosure of legal proceedings is required
pursuant to items 2(D) or 2(E): / /
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6. Citizenship or Place of Organization
United States of America
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Number of Shares (7) Sole Voting Power 8,402
Beneficially (8) Shared Voting Power 0
Owned by Each (9) Sole Dispositive Power 8,402
Reporting Person (10) Shared Dispositive Power 0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
8,402
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12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
[_]
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13. Percent of Class Represented by Amount in Row 11
0.28%
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14. Type of Reporting Person IN
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AMENDMENT NO. 13 TO SCHEDULE 13D
The following constitutes Amendment No. 13 ("Amendment No. 13") to the Schedule 13D filed by the undersigned. Amendment No. 13 amends the Schedule 13D as specifically set forth herein.
Item 4 is hereby amended and restated to read as follows:
Item 4. Purpose of Transaction.
On May 16, 2012, the Polonitza Group issued a press release related to the voting results of ITEX Corporation’s 2011 Annual Meeting. The press release is attached as Exhibit 99.1 and incorporated herein by reference.
Item 7 is hereby amended and restated to read as follows:
Item 7. Material to be Filed as Exhibits.
99.1 Press release, dated May 16, 2012.
SIGNATURES
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.
Date: May 16, 2012
By: /s/ David Polonitza
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Name: David Polonitza
By: /s/ David Polonitza
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Name: David Polonitza as attorney-in-fact for Richard Polonitza
By: /s/ David Polonitza
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Name: David Polonitza as attorney-in-fact for Greta Polonitza
By: /s/ David Polonitza
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Name: David Polonitza as attorney-in-fact for Kirk Anderson
By: /s/ David Polonitza
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Name: David Polonitza as attorney-in-fact for Wayne P. Jones
