-----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, Bcx0EtaPbCvUSwNrYpLxsxdawIbGBzPupv/z1FCOdFsNwT3TyY0fwnYFIFDQXPjT 3PpXGA7pFYsRxlnPiuJUug== 0001144204-08-024020.txt : 20080424 0001144204-08-024020.hdr.sgml : 20080424 20080424143530 ACCESSION NUMBER: 0001144204-08-024020 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080424 DATE AS OF CHANGE: 20080424 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SMART ONLINE INC CENTRAL INDEX KEY: 0001113513 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 954439334 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80570 FILM NUMBER: 08774111 BUSINESS ADDRESS: STREET 1: 2530 MERIDIAN PARKWAY CITY: DURHAM STATE: NC ZIP: 27713 BUSINESS PHONE: 919-806-4521 MAIL ADDRESS: STREET 1: P.O. BOX 12794 CITY: RESEARCH TRIANGLE PARK STATE: NC ZIP: 27709 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Atlas Capital SA CENTRAL INDEX KEY: 0001315654 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 116 RUE DU RHONE CITY: GENEVA STATE: V8 ZIP: CH-1204 BUSINESS PHONE: 41 22 849 66 55 MAIL ADDRESS: STREET 1: 116 RUE DU RHONE CITY: GENEVA STATE: V8 ZIP: CH-1204 SC 13D/A 1 v111630_sc13da.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Smart Online, Inc. (Name of Issuer) Common Stock, par value $0.001 (Title of Class of Securities) 83171V 10 0 (CUSIP Number) Avy Lugassy Atlas Capital, SA 118 Rue du Rhone CH-1204 Geneva Switzerland +41 22 718 1 741 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 21, 2008 (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: |_| 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. *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 ("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. 83171V 10 0 - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS Atlas Capital, SA - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |_| - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION: Switzerland - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER: NUMBER OF 3,865,927 (1) SHARES --------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER: OWNED BY 0 EACH REPORTING --------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER: 3,865,927 (1) --------------------------------------------------- 10. SHARED DISPOSITIVE POWER: 0 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 3,865,927 (1) - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES: |_| - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 21.2% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): CO - -------------------------------------------------------------------------------- (1) See Item 5(a) for a detailed explanation of the Reporting Person's beneficial ownership of Common Stock. This Amendment No. 1 (this "Amendment") amends the Report on Schedule 13D, originally filed on April 4, 2008 (the "Schedule 13D"). Except as provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13D. Capitalized terms used and not otherwise defined have the meaning given to them in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration. Item 3 is hereby amended and restated as follows: As of April 21, 2008, the Reporting Person has acquired, in the aggregate, 3,865,927 shares of Common Stock either from the Issuer or from other shareholders of the Issuer. The Reporting Person has paid an aggregate of $11,134,383 for these shares from corporate funds, including 56,206 shares acquired from Dennis Michael Nouri (the former President, Chief Executive Officer, and President of the Issuer) pursuant to a note cancellation agreement. In exchange for the shares acquired from Mr. Nouri, the Reporting Person cancelled a note under which Mr. Nouri owed the Reporting Person principal and interest totaling $85,117. Item 5. Interest in Securities of the Issuer. Item 5 is hereby amended and restated as follows: (a) The Reporting Person beneficially owns 3,865,927 shares of Common Stock, which represents approximately 21% of the issued and outstanding shares of Common Stock. (b) The Reporting Person has sole power to vote or to direct the vote and sole power to dispose or to direct the disposition of all 3,865,927 shares of Common Stock reported in Item 5(a) of this Schedule 13D. (c) The trading dates, number of shares of Common Stock purchased and price per share for all transactions in the Common Stock that were effected during the past sixty days are set forth below. All transactions represent purchases of Common Stock on the OTC Bulletin Board by the Reporting Person. - --------------------------------------------------------------------------- Date of Transaction Number of Shares Purchased Price Per Share - --------------------------------------------------------------------------- 4/21/2008 86,700 $2.00 - --------------------------------------------------------------------------- 4/18/2008 36,400 $1.92 - --------------------------------------------------------------------------- 4/17/2008 34,900 $1.90 - --------------------------------------------------------------------------- 4/16/2008 9,826 $1.84 - --------------------------------------------------------------------------- 4/15/2008 5,000 $1.60 - --------------------------------------------------------------------------- 4/15/2008 10,000 $1.70 - --------------------------------------------------------------------------- 4/15/2008 35,000 $1.75 - --------------------------------------------------------------------------- 4/4/2008 5,000 $2.10 - --------------------------------------------------------------------------- 4/4/2008 10,000 $2.10 - --------------------------------------------------------------------------- 4/3/2008 10,000 $2.118 - --------------------------------------------------------------------------- 4/3/2008 10,000 $2.10 - --------------------------------------------------------------------------- 4/2/2008 7.500 $2.17 - --------------------------------------------------------------------------- 4/2/2008 7,500 $2.15 - --------------------------------------------------------------------------- 4/1/2008 4,600 $2.011 - --------------------------------------------------------------------------- 4/1/2008 7,500 $2.00 - --------------------------------------------------------------------------- 4/1/2008 7,500 $2.04 - --------------------------------------------------------------------------- 4/1/2008 7,500 $2.08 - --------------------------------------------------------------------------- 4/1/2008 15,000 $2.15 - --------------------------------------------------------------------------- 3/31/2008 7,500 $1.95 - --------------------------------------------------------------------------- 3/31/2008 15,000 $2.00 - --------------------------------------------------------------------------- 3/31/2008 7,500 $2.02 - --------------------------------------------------------------------------- 3/28/2008 50,000 $1.92 - --------------------------------------------------------------------------- 03/27/2008 150,000 $1.88 - --------------------------------------------------------------------------- 03/24/2008 30,000 $1.88 - --------------------------------------------------------------------------- 03/20/2008 30,000 $1.80 - --------------------------------------------------------------------------- 03/19/2008 40,000 $1.80 - --------------------------------------------------------------------------- 03/06/2008 50,000 $2.10 - --------------------------------------------------------------------------- 03/06/2008 50,000 $2.0871 - --------------------------------------------------------------------------- 03/03/2008 10,000 $2.11 - --------------------------------------------------------------------------- 03/03/2008 10,000 $2.15 - --------------------------------------------------------------------------- 02/27/2008 10,000 $2.15 - --------------------------------------------------------------------------- 02/27/2008 20,000 $2.20 - --------------------------------------------------------------------------- (d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock beneficially owned by the Reporting Person. SIGNATURE After reasonable inquiry and to my best knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct. ATLAS CAPITAL, SA Dated: April 24, 2008 /s/ Avy Lugassy ---------------------------------------- Signature Name: Avy Lugassy Title: Member of the Management -----END PRIVACY-ENHANCED MESSAGE-----