0001144204-12-007545.txt : 20120213 0001144204-12-007545.hdr.sgml : 20120213 20120213120240 ACCESSION NUMBER: 0001144204-12-007545 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120213 DATE AS OF CHANGE: 20120213 GROUP MEMBERS: MERCURY FUND VII, LTD. GROUP MEMBERS: MERCURY FUND VIII, LTD. GROUP MEMBERS: MERCURY MANAGEMENT, L.L.C. GROUP MEMBERS: MERCURY VENTURES II, LTD. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOWE KEVIN C CENTRAL INDEX KEY: 0001209253 FILING VALUES: FORM TYPE: SC 13G/A SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRX INC/GA CENTRAL INDEX KEY: 0001103025 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 582502748 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81043 FILM NUMBER: 12596688 BUSINESS ADDRESS: STREET 1: 2970 CLAIRMONT ROAD NE SUITE 300 CITY: ATLANTA STATE: GA ZIP: 30329 BUSINESS PHONE: 4049296100 MAIL ADDRESS: STREET 1: 2970 CLAIRMONT ROAD NE SUITE 300 CITY: ATLANTA STATE: GA ZIP: 30329 FORMER COMPANY: FORMER CONFORMED NAME: WT TECHNOLOGIES INC DATE OF NAME CHANGE: 20000111 SC 13G/A 1 v302201_sc13ga.htm FORM SC 13G/A

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

Schedule 13G/A

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

 

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

TRX, Inc.

(Name of Issuer)

 

Common Stock, $0.01 par value

(Title of Class of Securities)

 

898452107

(CUSIP Number)

 

December 31, 2011

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨  Rule 13d-1(b)

S  Rule 13d-1(c)

¨  Rule 13d-1(d)

 

*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, as amended ("Act"), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 
 

 

 

CUSIP No. 898452107 Page 2 of 13

 

1. Name of Reporting Person  
  I. R. S. Identification No. of Above Person (entities only)  
     
  Mercury Fund VII, Ltd.   I.R.S. Identification No. 20-4881368  
2. Check the Appropriate Box if a Member of a Group* (a) ¨
    (b) ¨
3. SEC Use Only  
     
4. Citizenship or Place of Organization Texas
     

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 5.           Sole Voting Power 496,826(1)
   
6.           Shared Voting Power -0-
   
7.           Sole Dispositive Power 496,826 (1)
   
8.           Shared Dispositive Power -0-
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 496,826 (1)
     
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ~
     
11. Percent of Class Represented by Amount in Row (9) 2.69%(2)
     
12. Type of Reporting Person* PN
     

 

(1)Kevin C. Howe ("Mr. Howe") exercises voting and disposition power over such shares on behalf of Mercury Management, L.L.C. ("Mercury Management"), the General Partner of Mercury Ventures II, Ltd. ("Mercury Ventures II"), which is the General Partner of Mercury Fund VII, Ltd. ("Mercury VII").

 

(2)Assumes a total of 18,486,366 shares of common stock outstanding based on TRX, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed on November 10, 2011.

 

 
 

 

 

CUSIP No. 898452107 Page 3 of 13

    

1. Name of Reporting Person  
  I. R. S. Identification No. of Above Person (entities only)  
     
  Mercury Fund VIII, Ltd.   I.R.S. Identification No. 26-1440289  
2. Check the Appropriate Box if a Member of a Group* (a) ¨
    (b) ¨
3. SEC Use Only  
     
4. Citizenship or Place of Organization Texas
     

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 5.           Sole Voting Power 416,744 (1)
   
6.           Shared Voting Power -0-
   
7.           Sole Dispositive Power 416,744 (1)
   
8.           Shared Dispositive Power -0-
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 416,744 (1)
     
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ~
     
11. Percent of Class Represented by Amount in Row (9) 2.2%(2)
     
12. Type of Reporting Person* PN
     

 

(1)Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury Fund VIII, Ltd. ("Mercury VIII").

 

(2)Assumes a total of 18,486,366 shares of common stock outstanding based on TRX, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed on November 10, 2011.

 

 
 

 

CUSIP No. 898452107 Page 4 of 13

    

1. I. R. S. Identification No. of Above Person (entities only)  
     
  Mercury Ventures II, Ltd.   I.R.S. Identification No. 20-4736567  
2. Check the Appropriate Box if a Member of a Group* (a) ¨
    (b) ¨
3. SEC Use Only  
     
4. Citizenship or Place of Organization Texas
     

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 5.           Sole Voting Power 913,570 (1)
   
6.           Shared Voting Power -0-
   
7.           Sole Dispositive Power 913,570 (1)
   
8.           Shared Dispositive Power -0-
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 913,570 (1)
     
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ~
     
11. Percent of Class Represented by Amount in Row (9) 4.94%(2)
     
12. Type of Reporting Person* PN
     

 

(1)Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury VII and Mercury VIII, the owners of 496,826 and 416,744 shares, respectively.

 

(2)Assumes a total of 18,486,366 shares of common stock outstanding based on TRX, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed on November 10, 2011.

 

 
 

 

 

CUSIP No. 898452107 Page 5 of 13

   

1. Name of Reporting Person  
  I. R. S. Identification No. of Above Person (entities only)  
     
  Mercury Management, L.L.C.   I.R.S. Identification No. 75-2796232  
2. Check the Appropriate Box if a Member of a Group* (a) ¨
    (b) ¨
3. SEC Use Only  
     
4. Citizenship or Place of Organization Texas
     

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 5.           Sole Voting Power 913,570 (1)
   
6.           Shared Voting Power -0-
   
7.           Sole Dispositive Power 913,570 (1)
   
8.           Shared Dispositive Power -0-
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 913,570 (1)
     
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ~
     
11. Percent of Class Represented by Amount in Row (9) 4.94%(2)
     
12. Type of Reporting Person* OO
     

 

(1)Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II. Mercury Ventures II is the General Partner of Mercury VII and Mercury VIII. Includes 496,826 shares owned by Mercury VII and 416,744 shares owned by Mercury VIII.

 

(2)Assumes a total of 18,486,366 shares of common stock outstanding based on TRX, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed on November 10, 2011.

 

 
 

 

CUSIP No. 898452107 Page 6 of 13

   

1. Name of Reporting Person  
  I. R. S. Identification No. of Above Person (entities only)  
     
  Kevin C. Howe  
2. Check the Appropriate Box if a Member of a Group* (a) ¨
    (b) ¨
3. SEC Use Only  
     
4. Citizenship or Place of Organization United States
     

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person With

 5.           Sole Voting Power 913,570(1)
   
6.           Shared Voting Power -0-
   
7.           Sole Dispositive Power 913,570 (1)
   
8.           Shared Dispositive Power -0-
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 913,570 (1)
     
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* ~
     
11. Percent of Class Represented by Amount in Row (9) 4.94%(2)
     
12. Type of Reporting Person* IN
     

 

(1)Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II. Mercury Ventures II is the General Partner of Mercury VII and Mercury VIII. Includes 496,826 shares owned by Mercury VII and 416,744 shares owned by Mercury VIII.

 

(2)Assumes a total of 18,486,366 shares of common stock outstanding based on TRX, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed on November 10, 2011.

 

 

 

*SEE INSTRUCTIONS BEFORE FILLING OUT!

 

 
 

 


CUSIP No. 898452107 Page 7 of 13

 

Introduction

 

Pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act of 1934, as amended, Mercury Fund VII, Ltd. ("Mercury VII"), Mercury Fund VIII, Ltd. ("Mercury VIII"), Mercury Ventures II, Ltd. ("Mercury Ventures II"), Mercury Management, L.L.C. ("Mercury Management") and Kevin C. Howe ("Mr. Howe") are making this joint filing on Schedule 13G/A.

 

Item 1(a). Name of Issuer:

 

TRX, Inc., a Georgia corporation

 

Item 1(b). Address of Issuer's Principal Executive Offices:

 

6 West Druid Hills Drive, Atlanta, Georgia 30329

 

Item 2(a). Name of Person Filing:

 

Mercury Fund VII, Ltd.

 

Mercury Fund VIII, Ltd.

 

Mercury Ventures II, Ltd.

 

Mercury Management, L.L.C.

 

Kevin C. Howe

 

Item 2(b). Address of Principal Business Office or, if None, Residence:

 

The principal business office of Mercury VII, Mercury VIII, Mercury Ventures II, Mercury Management and Mr. Howe is 501 Park Lake Drive, McKinney, Texas  75070.

 

Item 2(c). Citizenship:

 

Mercury VII's place of organization is Texas

 

Mercury VIII's place of organization is Texas

 

Mercury Ventures II's place of organization is Texas

 

Mercury Management's place of organization is Texas

 

Mr. Howe is a citizen of the United States

 

Item 2(d). Title of Class of Securities:

 

Common stock, $0.01 par value per share (the "Common Stock")

 

 
 

 

CUSIP No. 898452107 Page 8 of 13

 

Item 2(e). CUSIP Number:

 

898452107

 

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

Not Applicable

 

Item 4. Ownership:

 

Mercury VII

 

  (a) Amount beneficially owned: 496,826(1)  
         
  (b) Percent of class: 2.69%(2)  
         
  (c) Number of shares as to which the person has:    
         
    (i) Sole power to vote or direct the vote 496,826(1)  
           
    (ii) Shared power to vote or direct the vote -0-  
           
    (iii) Sole power to dispose or to direct the disposition of 496,826(1)  
           
    (iv) Shared power to dispose or to direct the disposition of -0-  

 

(1)Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury VII.

 

(2)Assumes a total of 18,486,366 shares of common stock outstanding based on TRX, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed on November 10, 2011.

 

 
 

 

CUSIP No. 898452107 Page 9 of 13

 

Mercury VIII

 

  (a) Amount beneficially owned: 416,744(1)  
         
  (b) Percent of class: 2.26%(2)  
         
  (c) Number of shares as to which the person has:    
         
    (i) Sole power to vote or direct the vote 416,744(1)  
           
    (ii) Shared power to vote or direct the vote -0-  
           
    (iii) Sole power to dispose or to direct the disposition of 416,744(1)  
           
    (iv) Shared power to dispose or to direct the disposition of -0-  

 

(1)Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury VIII.

 

(2)Assumes a total of 18,486,366 shares of common stock outstanding based on TRX, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed on November 10, 2011.

 

Mercury Ventures II

 

  (a) Amount beneficially owned: 913,570(1)  
         
  (b) Percent of class: 4.94%(2)  
         
  (c) Number of shares as to which the person has:    
           
    (i) Sole power to vote or direct the vote 913,570(1)  
           
    (ii) Shared power to vote or direct the vote -0-  
           
    (iii) Sole power to dispose or to direct the disposition of 913,570(1)  
           
    (iv) Shared power to dispose or to direct the disposition of -0-  

 

(1)Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II, which is the General Partner of Mercury VII and Mercury VIII, the owners of 496,826 and 416,744 shares, respectively.

 

(2)Assumes a total of 18,486,366 shares of common stock outstanding based on TRX, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed on November 10, 2011, of which 2.69% are owned by Mercury VII and 2.25% are owned by Mercury VIII.

 

Mercury Management

 

  (a) Amount beneficially owned: 913,570(1)  
         
  (b) Percent of class: 4.94%(2)  
         
  (c) Number of shares as to which the person has:    
         
    (i) Sole power to vote or direct the vote 913,570(1)  

 

 
 

 

CUSIP No. 898452107 Page 10 of 13

 

    (ii) Shared power to vote or direct the vote -0-  
           
    (iii) Sole power to dispose or to direct the disposition of 913,570(1)  
           
    (iv) Shared power to dispose or to direct the disposition of -0-  

 

(1)Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II. Mercury Ventures II is the General Partner of Mercury VII and Mercury VIII. Includes 496,826 shares owned by Mercury VII and 416,744 shares owned by Mercury VIII.

 

(2)Assumes a total of 18,486,366 shares of common stock outstanding based on TRX, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed on November 10, 2011, of which 2.69% are owned by Mercury VII and 2.25% are owned by Mercury VIII.

 

Mr. Howe

 

  (a) Amount beneficially owned: 913,570(1)  
         
  (b) Percent of class: 4.94%(2)  
         
  (c) Number of shares as to which the person has:    
         
    (i) Sole power to vote or direct the vote 913,570(1)  
           
    (ii) Shared power to vote or direct the vote -0-  
           
    (iii) Sole power to dispose or to direct the disposition of 913,570(1)  
           
    (iv) Shared power to dispose or to direct the disposition of -0-  

 

(1)Mr. Howe exercises voting and disposition power over such shares on behalf of Mercury Management, the General Partner of Mercury Ventures II. Mercury Ventures II is the General Partner of Mercury VII and Mercury VIII. Includes 496,826 shares owned by Mercury VII and 416,744 owned by Mercury VIII.

 

(2)Assumes a total of 18,486,366 shares of common stock outstanding based on TRX, Inc.'s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 filed on November 10, 2011, of which 2.69% are owned by Mercury VII and 2.25% are owned by Mercury VIII.

 

Item 5. Ownership of Five Percent or Less of a Class:

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. S

  

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

 

Not Applicable

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:

 

Not Applicable

 

 
 

 

CUSIP No. 898452107 Page 11 of 13

 

Item 8. Identification and Classification of Members of the Group:

 

The following lists each member of the group filing this Schedule 13G/A pursuant to Rule 13d-1(c):

 

Mercury Fund VII, Ltd.

 

Mercury Fund VIII, Ltd.

 

Mercury Ventures II, Ltd.

 

Mercury Management, L.L.C.

 

Kevin C. Howe

 

Item 9. Notice of Dissolution of Group:

 

Not Applicable

 

Item 10. Certification:

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

[Remainder of Page Intentionally Left Blank]

 

 
 

 

 

CUSIP No. 898452107 Page 12 of 13

 

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.

 

February 10, 2012 MERCURY FUND VII, LTD.
       
  By: MERCURY VENTURES II, LTD.
    General Partner
     
  By: MERCURY MANAGEMENT, L.L.C.
    General Partner
     
    By: /s/ Kevin C. Howe
    Name: Kevin C. Howe
    Title: Manager

 

February 10, 2012 MERCURY FUND VIII, LTD.
       
  By: MERCURY VENTURES II, LTD.
    General Partner
     
  By: MERCURY MANAGEMENT, L.L.C.
    General Partner
     
    By: /s/ Kevin C. Howe
    Name: Kevin C. Howe
    Title: Manager

 

February 10, 2012 MERCURY VENTURES II, LTD.
     
  By: MERCURY MANAGEMENT, L.L.C.
    General Partner
       
  By: /s/ Kevin C. Howe
  Name: Kevin C. Howe
  Title: Manager

 

 
 

 

 

CUSIP No. 898452107 Page 13 of 13

 

February 10, 2012 MERCURY MANAGEMENT, L.L.C.
     
  By: /s/ Kevin C. Howe
   

Name: Kevin C. Howe

   

Title:   Manager

     
February 10, 2012   /s/ Kevin C. Howe
    Name: Kevin C. Howe

 

 
 

 

EXHIBIT A

JOINT FILING AGREEMENT

SCHEDULE 13G/A

JOINT FILING AGREEMENT

 

This Agreement is dated as of February 10, 2012 by and among Mercury Fund VII, Ltd. ("Mercury VII"), Mercury Fund VIII, Ltd. ("Mercury VIII"), Mercury Ventures II, Ltd. ("Mercury Ventures II"), Mercury Management, L.L.C. ("Mercury Management") and Kevin C. Howe ("Mr. Howe").

WHEREAS, pursuant to paragraph (k)(1) of Rule 13d-1 promulgated under Section 13d(1) of the Securities Exchange Act of 1934, as amended (the "Act"), the parties hereto have decided to satisfy their filing obligations under the Act by a single joint filing.

NOW, THEREFORE, the undersigned do hereby agree as follows:

1. The Schedule 13G/A (the "Schedule 13G/A") with respect to TRX, Inc., a Georgia corporation, to which this Agreement is attached as Exhibit A is filed on behalf of Mercury VII, Mercury VIII, Mercury Ventures II, Mercury Management and Mr. Howe. Mercury VII, Mercury VIII, Mercury Ventures II and Mercury Management hereby authorize Mr. Howe to file the Schedule 13G/A on their behalf.

2. Each of Mercury VII, Mercury VIII, Mercury Ventures II, Mercury Management and Mr. Howe is responsible for the completeness and accuracy of the information concerning such person or entity contained therein; provided that each person or entity is not responsible for the completeness or accuracy of the information concerning any other person or entity making such filing.

 

[Remainder of Page Intentionally Left Blank]

 

 
 

  

IN WITNESS WHEREOF, the undersigned hereunto set their hands as of the date first above written.

 

  MERCURY FUND VII, LTD.
         
  By: MERCURY VENTURES II, LTD.
    General Partner
         
    By: MERCURY MANAGEMENT, L.L.C.
      General Partner
         
      By: /s/ Kevin C. Howe
      Name: Kevin C. Howe
      Title: Manager
         
  MERCURY FUND VIII, LTD.
     
  By: MERCURY VENTURES II, LTD.
    General Partner
         
    By: MERCURY MANAGEMENT, L.L.C.
      General Partner
         
      By: /s/ Kevin C. Howe
      Name: Kevin C. Howe
      Title: Manager
         
  MERCURY VENTURES II, LTD.
         
  By: MERCURY MANAGEMENT, L.L.C.
    General Partner
     
    By: /s/ Kevin C. Howe
    Name: Kevin C. Howe
    Title: Manager
       
  MERCURY MANAGEMENT, L.L.C.
   
  By: /s/ Kevin C. Howe
  Name: Kevin C. Howe
  Title: Manager
     
  /s/ Kevin C. Howe
  Name: Kevin C. Howe