0000902664-05-000200.txt : 20120705
0000902664-05-000200.hdr.sgml : 20120704
20050203174716
ACCESSION NUMBER: 0000902664-05-000200
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20050204
DATE AS OF CHANGE: 20050203
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: DIKER MANAGEMENT LLC
CENTRAL INDEX KEY: 0001276525
IRS NUMBER: 043616914
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 767 FIFTH AVE
CITY: NEW YORK
STATE: NY
ZIP: 10153
BUSINESS PHONE: 2129040321
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: I MANY INC
CENTRAL INDEX KEY: 0001104017
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 010524931
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-59353
FILM NUMBER: 05574483
BUSINESS ADDRESS:
STREET 1: 537 CONGRESS STREET
STREET 2: 5TH FLOOR
CITY: PORTLAND
STATE: ME
ZIP: 04101
BUSINESS PHONE: 2077743244
MAIL ADDRESS:
STREET 1: 537 CONGRESS STREET
CITY: PORTLAND
STATE: ME
ZIP: 04101
SC 13D/A
1
srz9808754v1.txt
I-MANY, INC.
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D/A*
(Rule 13d-101)
AMENDMENT NO.1
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
I-MANY, INC.
(Name of Issuer)
COMMON STOCK, $0.0001 PAR VALUE
(Title of Class of Securities)
44973Q103
(CUSIP Number)
Charles Penner
Schulte Roth & Zabel LLP
919 Third Avenue
New York, NY 10022
212-756-2306
(Name, address and telephone number of person
authorized to receive notices and communications)
JANUARY 3, 2005
(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 which 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 Rule 13d-7 for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 11 Pages)
----------------
*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 purposes of Section 18 of the Securities Exchange Act
of 1934 ("Act") 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).
CUSIP No. 44973Q103 13D/A Page 2 of 11 Pages
-----------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
Diker Value-Tech Fund, LP
I.R.S. IDENTIFICATION NO. 37-1444088
OF ABOVE PERSONS (ENTITIES ONLY)
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
WC
-----------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
3,142,413
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
3,142,413
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,142,413
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.5%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.44973Q103 13D/A Page 3 of 11 Pages
-----------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
Diker Value-Tech QP Fund, LP
I.R.S. IDENTIFICATION NO. 42-1622604
OF ABOVE PERSONS (ENTITIES ONLY)
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
WC
-----------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
3,546,043
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
3,546,043
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,546,043
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
8.4%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
PN*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.44973Q103 13D/A Page 4 of 11 Pages
-----------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
Diker GP, LLC
I.R.S. IDENTIFICATION NO. 37-1444083
OF ABOVE PERSONS (ENTITIES ONLY)
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
-----------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
7,569,704
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
7,569,704
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,569,704
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
18%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
OO*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.44973Q103 13D/A Page 5 of 11 Pages
-----------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
Diker Management, LLC
I.R.S. IDENTIFICATION NO. 04-3616914
OF ABOVE PERSONS (ENTITIES ONLY)
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
-----------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
8,119,277
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
8,119,277
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
8,119,277
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
19.4%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IA*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.44973Q109 13D/A Page 6 of 11 Pages
-----------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
Charles M. Diker
I.R.S. IDENTIFICATION NO. ###-##-####
OF ABOVE PERSONS (ENTITIES ONLY)
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
-----------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
8,119,277
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
8,119,277
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
8,119,277
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
19.4%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No.44973Q103 13D/A Page 7 of 11 Pages
-----------------------------------------------------------------------------
(1) NAME OF REPORTING PERSONS
Mark N. Diker
I.R.S. IDENTIFICATION NO. ###-##-####
OF ABOVE PERSONS (ENTITIES ONLY)
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
AF
-----------------------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
-----------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
-0-
SHARES --------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
8,119,277
OWNED BY --------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
8,119,277
-----------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
8,119,277
-----------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
19.4%
-----------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 44973Q103 13D/A Page 8 of 11 Pages
Item 1. Security and Issuer.
This Schedule 13D, initially filed on January 6, 2005, relating to the
Common Stock, $0.0001 par value (the "Stock") of I-many, Inc. (the "Company"),
located at 399 Thornall St, 12th Floor Edison, NJ 08837, is hereby amended and
supplemented by this Amendment No. 1 to the Schedule 13D as follows:
Item 4. Purpose of the Transaction.
Item 4 of the Schedule 13D is hereby supplemented as follows:
Following the release by the Company of its fourth quarter results, the
Reporting Persons reaffirm their opposition to the proposed acquisition of the
Company by Selectica in view of their belief that the acquisition price at
$1.55 per share is inadequate. Additionally, the Reporting Persons, who together
constitute the largest shareholder of the Company, announced their intention to
demand appraisal rights for the fair value of their shares under Delaware law if
the merger is pursued. On February 3, 2005 the Reporting Persons issued a press
release reflecting the foregoing, a copy of which is filed as an exhibit hereto
and the text of which is incorporated herein by reference.
Item 7. Material to be Filed as Exhibits
Item 7 is hereby supplemented as follows:
Attached hereto as Exhibit 1 is a Press Release, dated February 3, 2005.
CUSIP No. 44973Q103 13D/A Page 9 of 11 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
DATED: February 3, 2005
DIKER VALUE-TECH FUND, LP
BY ITS GENERAL PARTNER DIKER GP, LLC
/s/ Mark N. Diker
------------------------------------
NAME: MARK N. DIKER
TITLE: MANAGING MEMBER
DIKER VALUE-TECH QP FUND, LP
BY ITS GENERAL PARTNER DIKER GP, LLC
/s/ Mark N. Diker
------------------------------------
NAME: MARK N. DIKER
TITLE: MANAGING MEMBER
DIKER GP, LLC
/s/ Mark N. Diker
------------------------------------
NAME: MARK N. DIKER
TITLE: MANAGING MEMBER
DIKER MANAGEMENT, LLC
/s/ Mark N. Diker
------------------------------------
NAME: MARK N. DIKER
TITLE: MANAGING MEMBER
CUSIP No. 44973Q103 13D Page 10 of 11 Pages
CHARLES M. DIKER, INDIVIDUALLY
/s/ Charles M. Diker
------------------------------------
NAME: CHARLES M. DIKER
MARK N. DIKER, INDIVIDUALLY
/s/ Mark N. Diker
------------------------------------
NAME: MARK N. DIKER
EX-99
2
srz9808454v5.txt
PRESS RELEASE
PRESS RELEASE
FOR IMMEDIATE RELEASE
For information contact Diker Management, LLC
Mark N. Diker - (212) 904-0321
I-MANY'S LARGEST STOCKHOLDER REAFFIRMS OPPOSITION TO
SELECTICA MERGER FOLLOWING EARNINGS RELEASE AND ANNOUNCES
INTENTION TO SEEK APPRAISAL RIGHTS
New York, NY - February 3, 2005 - Following the release by I-many, Inc.
(NasdaqNM: IMNY) ("I-many") of its fourth quarter results on Tuesday, I-many's
largest shareholder, Diker Management, LLC ("Diker Management"), reaffirmed its
opposition to the proposed acquisition of I-many by Selectica at $1.55 per
share. Diker Management also announced its intention to demand appraisal rights
for the fair value of its shares under Delaware law if the merger is pursued.
Funds and accounts managed by Diker Management own approximately 19.4% of
I-many's shares, and Diker Management noted that one of the conditions to the
I-many acquisition by Selectica, subject to waiver, is that no more than 5% of
the shares of I-many common stock outstanding shall have demanded appraisal
rights under Delaware law.
Diker Management has previously stated its belief that the $1.55 price per share
to be paid by Selectica is less than I-many's intrinsic value given the
company's future prospects, a view that it reaffirms following an extremely
strong quarter of license bookings, totaling $5.7 million,1 particularly in the
rapidly growing Industry Solutions area where revenues grew by over 100%
sequentially and year-over-year. As I-many's CEO affirmed on yesterday's
conference call: "The number of new transactions and new customers are the
highest totals posted by I-many in over two years."(2)
Diker Management further noted that I-many's CEO underscored the company's
positive prospects and leading position in the rapidly growing Enterprise
Contract Management industry by stating in yesterday's conference call: "The
benefits of old lifecycle ECM, contract optimization, creation, compliance,
complex payment calculations and settlements continues to resonate across
virtually every industry, as well as our traditional Life Science LOB and
clearly distances I-many from potential competitors. The coming flurry of new
product introductions, significant enhancements to existing products and looming
release of ECMF 4.0 will erect barriers of significance to potential competitors
in the space that we have defined." As indicated by the recent quarterly results
and management's confirmed guidance of 10%-15% revenue growth and pro-forma
profitability for 2005(1), Diker Management believes I-many has significant
momentum in its business and that Selectica's price does not adequately reflect
I-many's bright future.
###
--------
(1) I-Many 4th Quarter 2004 quarterly earnings release dated February 1, 2005.
(2) I-Many transcript of 4th quarter 2004 earnings call, dated February 2, 2005.