-----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, DqVVQ0nrCF3Wb5QfFu0+Odgpt9LUaYcNpWfFqZqUQUAdAveixpSCot5g/UfacUnR cVW3WhjSdAvVoi5FLFRhmQ== 0000930413-04-005219.txt : 20041112 0000930413-04-005219.hdr.sgml : 20041111 20041112141958 ACCESSION NUMBER: 0000930413-04-005219 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041112 DATE AS OF CHANGE: 20041112 GROUP MEMBERS: JAY WOLF GROUP MEMBERS: ROBERT ELLIN GROUP MEMBERS: TRINAD ADVISORS GP LLC GROUP MEMBERS: TRINAD MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: OPTIO SOFTWARE INC CENTRAL INDEX KEY: 0001096689 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 581435435 STATE OF INCORPORATION: GA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-58243 FILM NUMBER: 041138234 BUSINESS ADDRESS: STREET 1: WINDWARD FAIRWAY II STREET 2: 3015 WINDWARD PLZ CITY: ALPHARETTA STATE: GA ZIP: 30005 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Trinad Capital L.P. CENTRAL INDEX KEY: 0001289378 IRS NUMBER: 200593276 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 153 EAST 53RD ST. STREET 2: 48TH FLOOR CITY: NEW YORK STATE: X1 ZIP: 10022 BUSINESS PHONE: 212 521 5180 MAIL ADDRESS: STREET 1: 153 EAST 53RD ST. STREET 2: 48TH FLOOR CITY: NEW YORK STATE: X1 ZIP: 10022 SC 13D 1 c34410_sc13d.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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. ______) (1) OPTIO SOFTWARE, INC. - -------------------------------------------------------------------------------- (NAME OF ISSUER) COMMON STOCK - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 68389J106 - -------------------------------------------------------------------------------- (CUSIP NUMBER) JAY WOLF C/O TRINAD CAPITAL LP 153 EAST 53RD ST., 48TH FLOOR NEW YORK, NY 10022 (212) 521-5180 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) NOVEMBER 2, 2004 - -------------------------------------------------------------------------------- (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(c), 13d-1(f) or 13d-1(g), check the following box. | | NOTE. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. - -------- (1) 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 the disclosures provided in a prior cover page. The information required in 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). SEE Rule 13d-7(b) for other parties to whom copies are to be sent. (Continued on following pages) - ----------------------------- ----------------------------- CUSIP NO. 68389J106 13D - ----------------------------- ----------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) TRINAD CAPITAL LP 20-0593276 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) X - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS * WC - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2 (e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ------------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 1,000,200 ------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 1,000,200 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000,200 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 5.11% (1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (1) ON THE BASIS OF 19,562,228 SHARES OF COMMON STOCK REPORTED BY THE COMPANY TO BE ISSUED AND OUTSTANDING AS OF SEPTEMBER 10, 2004 IN THE COMPANY'S LATEST QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 14, 2004. *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------------- ----------------------------- CUSIP NO. 68389J106 13D - ----------------------------- ----------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) TRINAD ADVISORS GP, LLC 10-0591650 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) X - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS * N/A - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2 (e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ------------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 1,000,200 ------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 1,000,200 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000,200 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 5.11% (1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- (1) ON THE BASIS OF 19,562,228 SHARES OF COMMON STOCK REPORTED BY THE COMPANY TO BE ISSUED AND OUTSTANDING AS OF SEPTEMBER 10, 2004 IN THE COMPANY'S LATEST QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 14, 2004. *SEE INSTRUCTIONS BEFORE FILLING OUT! - ----------------------------- ----------------------------- CUSIP NO. 68389J106 13D - ----------------------------- ----------------------------- - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) ROBERT ELLIN N/A - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) X - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS * N/A - -------------------------------------------------------------------------------- CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2 (e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER 0 ------------------------------------------------------- BENEFICIALLY OWNED BY 8 SHARED VOTING POWER 1,000,200 ------------------------------------------------------- EACH REPORTING 9 SOLE DISPOSITIVE POWER 0 ------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER 1,000,200 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000,200(1) - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 5.11% (1) - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- (1) ON THE BASIS OF 19,562,228 SHARES OF COMMON STOCK REPORTED BY THE COMPANY TO BE ISSUED AND OUTSTANDING AS OF SEPTEMBER 10, 2004 IN THE COMPANY'S LATEST QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 14, 2004. *SEE INSTRUCTIONS BEFORE FILLING OUT! ITEM 1. SECURITY AND ISSUER. The class of equity securities to which this statement relates is the common stock, no par value, (the "Common Stock") of Optio Software, Inc., a Georgia corporation, (the "Company"). The principal executive offices of the Company are located at 3015 Windward Plaza, Fairways II, Alpharetta, GA, 30005. ITEM 2. IDENTITY AND BACKGROUND. This statement is being filed jointly by Trinad Capital LP, Trinad Advisors GP, LLC and Robert Ellin (collectively, the "Reporting Persons"). Trinad Capital LP, is a Delaware limited liability partnership and is a hedge fund dedicated to investing micro-cap companies. Trinad Advisors GP, LLC is a Delaware limited liability company principally engaged in serving as the general partner of Trinad Capital LP. Robert Ellin is a citizen of the United States and (i) a managing member of Trinad Advisors GP, LLC, (ii) the holder of 40% of the membership interests in Trinad Advisors GP, LLC, and (iii) the holder of approximately 14% of the partnership interests in Trinad Capital LP. The name and positions of the executive officers and directors of each of the Reporting Persons are set forth below. Other than as listed in Item 5 of this Report, each executive officer and director listed below disclaims beneficial ownership of the shares of Common Stock beneficially owned by the Reporting Persons. Trinad Capital LP Delaware limited partnership General Partner - Trinad Advisors GP, LLC Trinad Advisors GP, LLC Delaware limited liability company Managing Member - Robert Ellin Managing Director - Jay Wolf Robert Ellin Citizenship - United States Managing Member, Trinad Management LLC Managing Member, Trinad Advisors GP, LLC The address of the principal business office of each of the Reporting Persons is c/o Trinad Capital LP, 153 East 53rd St., 48th Floor, New York, NY 10022. During the last five years, neither the Reporting Persons nor any executive officer or director of the Reporting Persons have (i) been convicted in any criminal proceeding or (ii) been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was subject to any judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The shares of Common Stock owned directly and indirectly by the Reporting Persons were purchased with working capital of Trinad Capital LP. ITEM 4. PURPOSE OF TRANSACTION. All of the shares of Common Stock reported herein were acquired for investment purposes. On each of the following dates and at the following prices per share Trinad Capital, LP made purchases of Common Stock on the open market with its working capital: DATE NUMBER OF SHARES ACQUIRED PRICE PER SHARE 06/02/04 227,000 1.30007 06/03/04 6,400 1.33234 06/23/04 37,400 1.28040 07/13/04 20,000 1.17075 07/30/04 30,000 1.32370 08/27/04 7,500 1.02200 08/30/04 5,000 1.12300 08/31/04 500 1.26000 08/31/04 10,000 1.10150 09/02104 10,100 1.11359 09/03/04 12,500 1.17120 09/07/04 11,000 1.14906 09/09/04 3,400 1.17441 09/10/04 5,500 1.21003 09/15/04 12,000 1.19623 09/20/04 18,500 1.21031 09/21/04 31,500 1.22048 09/22/04 80,000 1.19019 09/22/04 20,000 1.19075 09/24/04 19,800 1.21076 09/27/04 100,000 1.22015 09/29/04 5,500 1.22273 09/30/04 28,500 1.23413 10/01/04 5,500 1.16273 10/05/04 3,000 1.22500 10/05/04 6,500 1.21231 10/05/04 2,000 1.20150 10/06/04 2,500 1.16600 10/12/04 5,000 1.15300 10/15/04 13,500 1.09221 10/18/04 9,800 1.17913 10/19/04 9,000 1.21167 10/20/04 7,000 1.30214 10/25/04 4,000 1.22375 10/25/04 25,000 1.25980 10/28/04 50.000 1.24990 10/28/04 35,000 1.24813 10/29/04 50,000 1.27630 10/29/04 25,000 1.22060 11/01/04 15,000 1.30450 11/02/04 25,000 1.27100 11/03/04 5,300 1.29283 The Reporting Persons currently have no plan or proposal which relates to or would result in any of the actions or transactions described in paragraphs (a) through (j) of Item 4 of the instructions to this Report. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) and (b) As of the date hereof, Trinad Capital LP, Trinad Advisors GP, LLC (as the general partner of Trinad Capital LP) and Robert Ellin (as a Managing Member of Trinad Advisors GP, LLC) are deemed to beneficially own an aggregate of 1,000,200 shares of Common Stock, representing approximately 5.11% of the number of shares of Common Stock stated to be outstanding by the Company in its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on September 14, 2004. Trinad Capital LP is deemed to be the direct beneficial owner of 1,000,200 shares of Common Stock. Trinad Advisors GP, LLC is deemed to be the indirect beneficial owner of 1,000,200 shares of Common Stock. Robert Ellin is deemed to be the indirect beneficial owner of 1,000,200 shares of Common Stock. Each of Trinad Advisors GP, LLC and Robert Ellin disclaim beneficial ownership of the shares of Common Stock directly beneficially owned by Trinad Capital LP (except for (i) the indirect interest of Trinad Advisors GP, LLC by virtue of being the general partner of Trinad Capital LLC, (ii) the indirect interest of Robert Ellin by virtue of being a member of Trinad Advisors GP, LLC, and (iii) the indirect interest of Robert Ellin by virtue of being a limited partner of Trinad Capital LP). Trinad Advisors GP, LLC and Robert Ellin have shared power to direct the vote and shared power to direct the disposition of these shares of Common Stock. (c) Other than as set forth in this Report, the Reporting Persons and the executive officers and directors listed in Item 2 have not effected any transactions in the shares of the Company's equity securities within the past 60 days. (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH THE ISSUER. Except as described herein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Persons named in Item 2 hereof and any person with respect to any securities of the Company, including but not limited to transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. None 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. TRINAD CAPITAL LP November 10, 2004 By: /s/ Jay Wolf ------------ Name: Jay Wolf Title: Managing Director of Trinad Advisors GP, LLC, the General Partner of Trinad Capital LP TRINAD ADVISORS GP, LLC November 10, 2004 By: /s/ Jay Wolf ------------ Name: Jay Wolf Title: Managing Director ROBERT ELLIN November 10, 2004 /s/ Robert Ellin ---------------- The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, PROVIDED, HOWEVER, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. ATTENTION. Intentional misstatements or omissions of fact constitute Federal criminal violations (SEE 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----