SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Flagg Street Partners Qualified LP (Last) (First) (Middle) 44 BRATTLE STREET (Street) CAMBRIDGE MA 02138 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol POMEROY IT SOLUTIONS INC [ PMRY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 12/31/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.01 Par Value	12/31/2007		J(1)		794,804(1)	A	$0	1,249,325	D(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Flagg Street Partners Qualified LP (Last) (First) (Middle) 44 BRATTLE STREET (Street) CAMBRIDGE MA 02138 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Starr Jonathan (Last) (First) (Middle) 44 BRATTLE STREET (Street) CAMBRIDGE MA 02138 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Flagg Street Partners LP (Last) (First) (Middle) 44 BRATTLE STREET (Street) CAMBRIDGE MA 02138 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Footnote #1

1. Name and Address of Reporting Person* Flagg Street Capital LLC (Last) (First) (Middle) 44 BRATTLE STREET (Street) CAMBRIDGE MA 02138 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Footnote 3

1. Name and Address of Reporting Person* Flagg Street Offshore LP (Last) (First) (Middle) 44 BRATTLE STREET (Street) CAMBRIDGE MA 02138 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Footnote #1

Explanation of Responses:

1. Represents the transfer of all of the shares of common stock of Pomeroy IT Solutions, Inc. previously held by Flagg Street Partners LP and Flagg Street Offshore, LP to Flagg Street Partners Qualified LP on December 31, 2007 in connection with the consolidation of such affiliated funds. As a result of such transfer, neither Flagg Street Partners LP nor Flagg Street Offshore, LP beneficially owns any securities of Pomeroy IT Solutions, Inc. and are therefore no longer subject to Section 16 of the Securities Exchange Act of 1934, as amended.

2. Represents shares owned directly by Flagg Street Partners Qualified LP ("FSPQ") and owned indirectly by Flagg Street Capital LLC ("FSGP") by virtue of it being the general partner of FSPQ and by Jonathan Starr by virtue of his position as Founding Member of FSGP. FSGP and Mr. Starr each disclaims beneficial ownership of the shares owned by FSPQ except to the extent of its/his pecuniary interest therein.

	By: By: Flagg Street Capital LLC, its General Partner; By: /s/ Jonathan Starr, Founding Member	02/05/2008
	/s/ Starr, Jonathan	02/05/2008
	By: By: Flagg Street Capital LLC, its General Partner; By: /s/ Jonathan Starr, Founding Member	02/05/2008
	By: By: /s/ Jonathan Starr, Founding Member	02/05/2008
	By: By: Flagg Street Capital LLC, its General Partner; By: /s/ Jonathan Starr, Founding Member	02/05/2008
	** Signature of Reporting Person	Date
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