-----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, QFRJ+BBT4RldMFb/KGIJX5SaXBHN2ryAO1BQqKoFmqUnrMFW2d3M8LEOunkxNus9 /+V9an5wxxpCIIDHlDn4Og== 0000945621-04-000055.txt : 20040217 0000945621-04-000055.hdr.sgml : 20040216 20040217171500 ACCESSION NUMBER: 0000945621-04-000055 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040217 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: IRONWOOD CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001127761 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 21 CUSTOM HOUSE STREET, SUITE 240 CITY: BOSTON STATE: MA ZIP: 02109 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REWARDS NETWORK INC CENTRAL INDEX KEY: 0000078536 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 846028875 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-35435 FILM NUMBER: 04610153 BUSINESS ADDRESS: STREET 1: 11900 BISCAYNE BLVD STREET 2: STE 460 CITY: MIAMI STATE: FL ZIP: 33181 BUSINESS PHONE: 3058923300 MAIL ADDRESS: STREET 1: 11900 BISCAYNE BLVD STREET 2: SUITE 460 CITY: MIAMI STATE: FL ZIP: 33181 FORMER COMPANY: FORMER CONFORMED NAME: IDINE REWARDS NETWORK INC DATE OF NAME CHANGE: 20020613 FORMER COMPANY: FORMER CONFORMED NAME: TRANSMEDIA NETWORK INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PIKES PEAK AMERICAN CORP DATE OF NAME CHANGE: 19840912 SC 13G 1 idine13g.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. __)

iDine Rewards Network Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

45168A100
(CUSIP Number)

December 31, 2003
(Date of Event Which Requires Filing of this Statement)

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

[ X ]	Rule 13d-1(b)
[ ]	Rule 13d-1(c)
[ ]	Rule 13d-1(d)

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 ("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. 45168A100

	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Ironwood Capital Management, LLC Tax ID 04-3386084

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)
		(b)	X

	3.	SEC Use Only

	4.	Citizenship or Place of Organization Massachusetts

Number of Shares Beneficially Owned by Each Reporting Person With
			5.	Sole Voting Power 0

			6.	Shared Voting Power 644,800

			7.	Sole Dispositive Power 0

			8.	Shared Dispositive Power 810,300

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 810,300

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

	11.	Percent of Class Represented by Amount in Row (9) 3.35%

	12.	Type of Reporting Person (See Instructions) OO, IA

CUSIP No. 45168A100

	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Warren J. Isabelle N/A

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)
		(b)	X

	3.	SEC Use Only

	4.	Citizenship or Place of Organization American

Number of Shares Beneficially Owned by Each Reporting Person With
			5.	Sole Voting Power 0

			6.	Shared Voting Power 644,800

			7.	Sole Dispositive Power 0

			8.	Shared Dispositive Power 810,300

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 810,300

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

	11.	Percent of Class Represented by Amount in Row (9) 3.35%

	12.	Type of Reporting Person (See Instructions) HC

CUSIP No. 45168A100

	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Richard L. Droster N/A

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)
		(b)	X

	3.	SEC Use Only

	4.	Citizenship or Place of Organization American

Number of Shares Beneficially Owned by Each Reporting Person With
			5.	Sole Voting Power 0

			6.	Shared Voting Power 644,800

			7.	Sole Dispositive Power 0

			8.	Shared Dispositive Power 810,300

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 810,300

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

	11.	Percent of Class Represented by Amount in Row (9) 3.35%

	12.	Type of Reporting Person (See Instructions) HC

CUSIP No. 45168A100

	1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Donald Collins N/A

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)
		(b)	X

	3.	SEC Use Only

	4.	Citizenship or Place of Organization American

Number of Shares Beneficially Owned by Each Reporting Person With
			5.	Sole Voting Power 0

			6.	Shared Voting Power 644,800

			7.	Sole Dispositive Power 0

			8.	Shared Dispositive Power 810,300

	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 810,300

	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

	11.	Percent of Class Represented by Amount in Row (9) 3.35%

	12.	Type of Reporting Person (See Instructions) HC


Item 1.
	(a)	Name of Issuer: iDine Rewards Network Inc.
	(b)	Address of Issuer's Principal Executive Offices: 11900 Biscayne Boulevard Miami, FL 33181

Item 2.
	(a)	Name of Persons Filing (i) Ironwood Capital Management, LLC ("ICM") (ii) Warren J. Isabelle ("Isabelle") (iii) Richard L. Droster ("Droster") (iv) Donald Collins ("Collins")
	(b)	Address of Principal Business Office or, if none, Residence ICM: 21 Custom House Street Boston, MA 02110 Isabelle c/o ICM: 21 Custom House Street Boston, MA 02110 Droster c/o ICM: 21 Custom House Street Boston, MA 02110 Collins c/o ICM: 21 Custom House Street Boston, MA 02110
	(c)	Citizenship ICM: Massachusetts Isabelle: American Droster: American Collins: American
	(d)	Title of Class of Securities: Common Stock
	(e)	CUSIP Number: 45168A100

Item 3.	If this statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c), check whether the person filing is a:
	(a)	[ ]	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
	(b)	[ ]	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	[ ]	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)	[ ]	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
	(e)	[ X ]	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
	(f)	[ ]	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
	(g)	[ ]	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
	(h)	[ ]	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
	(i)	[ ]	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
	(j)	[ ]	Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4.	Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
	(a)	Amount beneficially owned: (i) ICM: 810,300 (ii) Isabelle: 810,300 (iii) Droster: 810,300 (iv) Collins: 810,300
	(b)	Percent of class: (i) ICM: 3.35% (ii) Isabelle: 3.35% (iii) Droster: 3.35% (iv) Collins: 3.35%
	(c)	Number of shares as to which the person has:
		(1)	Sole power to vote or to direct the vote: (i) ICM: 0 (ii) Isabelle: 0 (iii) Droster: 0 (iv) Collins: 0
		(2)	Shared power to vote or to direct the vote: (i) ICM: 644,800 (ii) Isabelle: 644,800 (iii) Droster: 644,800 (iv) Collins: 644,800
		(3)	Sole power to dispose or to direct the disposition of: (i) ICM: 0 (ii) Isabelle: 0 (iii) Droster: 0 (iv) Collins: 0
		(4)	Shared power to dispose or to direct the disposition of: (i) ICM: 810,300 (ii) Isabelle: 810,300 (iii) Droster: 810,300 (iv) Collins: 810,300

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

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

Item 8.	Identification and Classification of Members of the Group: Not Applicable

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 acquired and are held in the ordinary course of business and 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.
		In accordance with Rule 13d-4 of the Securities Exchange Act of 1934, each of the persons filing this statement expressly disclaim the beneficial ownership of the securities covered by this statement and the filing of this report shall not be construed as an admission by such persons that they are the beneficial owners of such securities.

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.

IRONWOOD CAPITAL MANAGEMENT, LLC

Date: February 17, 2004 By: *
Warren J. Isabelle, Manager

Date: February 17, 2004                         By:                    *
                                                                       Richard L. Droster,
                                                                        Executive Vice President

Date: February 17, 2004                         By:                    *
                                                                       Donald Collins,
                                                                        Senior Portfolio Manager

By: /s/ Gary S. Saks
Gary S. Saks, Attorney-in-Fact February 17, 2004

* Executed pursuant to powers of attorney dated May 10, 2001 and filed on July 10, 2001.

EXHIBIT 1

JOINT FILING AGREEMENT AMONG IRONWOOD CAPITAL MANAGEMENT, LLC, WARREN J. ISABELLE, RICHARD L. DROSTER AND DONALD COLLINS

WHEREAS, in accordance with Rule 13d-1(k) under the Securities and Exchange Act of 1934 (the "Act"), only one joint statement and any amendments thereto need to be filed whenever one or more persons are required to file such a statement or any amendments thereto pursuant to Section 13(d) of the Act with respect to the same securities, provided that said persons agree in writing that such statement or amendments thereto is filed on behalf of each of them;

NOW, THEREFORE, the parties hereto agree as follows:

IRONWOOD CAPITAL MANAGEMENT, LLC, WARREN J. ISABELLE, RICHARD L. DROSTER AND DONALD COLLINS hereby agree, in accordance with Rule 13d-1(k) under the Act, to file a statement on Schedule 13G relating to their ownership of Common Stock of the Issuer and do hereby further agree that said statement shall be filed on behalf of each of them.

IRONWOOD CAPITAL MANAGEMENT, LLC

Date: February 17, 2004 By: *
Warren J. Isabelle, Manager

By: /s/ Gary S. Saks
Gary S. Saks, Attorney-in-Fact February 17, 2004

* Executed pursuant to powers of attorney dated May 10, 2001 and filed on July 10, 2001.

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