-----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, Bt0pBshWyV48obSAXGZvdXASEDw+njKRKUA37gapUbIIE0QNYxq9wjnu2l9gu0zd MsySXkggnW7nGqID5LKMMA== 0001193125-05-148763.txt : 20050726 0001193125-05-148763.hdr.sgml : 20050726 20050726121119 ACCESSION NUMBER: 0001193125-05-148763 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050726 DATE AS OF CHANGE: 20050726 GROUP MEMBERS: DAVID DADANTE GROUP MEMBERS: DAVID DADANTE REVOCABLE TRUST DATED MAY 14, 2003 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INNOTRAC CORP CENTRAL INDEX KEY: 0001051114 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 581592285 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-55025 FILM NUMBER: 05973381 BUSINESS ADDRESS: STREET 1: 6655 SUGARLOAF PARKWAY CITY: DULUTH STATE: GA ZIP: 30097 BUSINESS PHONE: 678-584-4000 MAIL ADDRESS: STREET 1: 1828 MECA WAY CITY: NORCROSS STATE: GA ZIP: 30093 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: IPOF FUND CENTRAL INDEX KEY: 0001241737 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 773 VILLAGE TRAIL CITY: GATES MILLS STATE: OH ZIP: 44040 BUSINESS PHONE: 216-737-5000 MAIL ADDRESS: STREET 1: 773 VILLAGE TRAIL CITY: GATES MILLS STATE: OH ZIP: 44040 SC 13D/A 1 dsc13da.htm AMENDMENT NO. 5 TO SCHEDULE 13D Amendment No. 5 to Schedule 13D

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

 

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE

13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT RULE 13d-2(a)

(Amendment No. 5)

 

 

 

 

Innotrac Corporation

(Name of Issuer)

 

 

Common Stock

(Title of Class of Securities)

 

 

45767M109

(CUSIP Number)

 

 

Steven L. Wasserman

Chernett Wasserman Yarger & Pasternak L.L.C.

1301 East 9th Street, Suite 3300, Cleveland, OH 44114, (216) 737-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

June 28, 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.  ¨

 

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule including all exhibits. See Rule 13d-7(b) 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 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).

SCHEDULE 13D

CUSIP No. 45767M109   Page 2 of 8        

 

  1  

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

            IPOF Fund

    
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  x

    
  3  

SEC USE ONLY

 

    
  4  

SOURCE OF FUNDS

 

    
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

   ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Ohio

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7    SOLE VOTING POWER

 

                3,823,722

  8    SHARED VOTING POWER

 

  9    SOLE DISPOSITIVE POWER

 

                3,823,722

10    SHARED DISPOSITIVE POWER

 

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            3,823,722

    
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  

¨

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            31.2%

    
14  

TYPE OF REPORTING PERSON*

 

            PN

    

SCHEDULE 13D

CUSIP No. 45767M109   Page 3 of 8        

 

  1  

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

            David Dadante Revocable Trust dated May 14, 2003

    
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  x

    
  3  

SEC USE ONLY

 

    
  4  

SOURCE OF FUNDS

 

            OO

    
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

   ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Ohio

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7    SOLE VOTING POWER

 

                184,323

  8    SHARED VOTING POWER

 

  9    SOLE DISPOSITIVE POWER

 

                184,323

10    SHARED DISPOSITIVE POWER

 

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            184,323

    
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  

¨

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            1.5%

    
14  

TYPE OF REPORTING PERSON*

 

            OO

    

SCHEDULE 13D

CUSIP No. 45767M109   Page 4 of 8        

 

  1  

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

            David Dadante

    
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  x

    
  3  

SEC USE ONLY

 

    
  4  

SOURCE OF FUNDS

 

    
  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 of America

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  7    SOLE VOTING POWER

 

                268,713 (1)

  8    SHARED VOTING POWER

 

                3,823,722 (2)

  9    SOLE DISPOSITIVE POWER

 

                268,713 (1)

10    SHARED DISPOSITIVE POWER

 

                3,823,722 (2)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            4,092,435 (1) (2)

    
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  

¨

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            29.9%

    
14  

TYPE OF REPORTING PERSON*

 

            IN

    

 

(1) 184,323 shares held by David Dadante Revocable Trust dated May 14, 2003.
(2) Shares held by IPOF Fund.

SCHEDULE 13D
CUSIP No. 45767M109   Page 5 of 8        

 

Item 1. Security and Issuer

 

This Schedule 13D is filed on behalf of IPOF Fund (the “Fund”), an Ohio limited partnership, and David Dadante, the general partner of IPOF Fund, relating to shares of common stock, par value $0.10 per share, of Innotrac Corporation, a Georgia corporation (“Innotrac”).

 

Item 3. Source and Amount of Funds or Other Consideration.

 

Item 3 of Schedule 13D is amended and supplemented as follows:

 

The shares of common stock reported herein as having been acquired by IPOF Fund were acquired for the aggregate purchase price of approximately $1,681,120 (excluding commissions) with margin debt from Advest, Inc.

 

Item 5. Interest in Securities of the Issuer.

 

Items 5(a) and 5(c) of Schedule 13D are amended and supplemented as follows:

 

(a) According to the most recently available filing with the Securities and Exchange Commission by Innotrac, there are 12,255,360 shares of common stock outstanding.

 

IPOF Fund beneficially owns 3,823,722 shares of common stock, or 31.2% of the outstanding shares of common stock. As general partner of IPOF Fund, Mr. Dadante may be deemed to beneficially own all shares of common stock held by IPOF Fund.

 

(c) Since the filing of Amendment No. 4 Schedule 13D dated April 12, 2005 IPOF Fund has acquired 204,804 shares of common stock in open market transactions as follows:

 

Date

   

Number of

Shares

   

Approximate Per

Share Price

(Excluding Commissions)

06/30/2005

    370    $ 8.09

06/28/2005

    5,000    $ 8.25

06/28/2005

    5,000    $ 8.29

06/28/2005

    25,000    $ 8.25

06/27/2005

    2,500    $ 8.39

06/27/2005

    2,500    $ 8.39

06/27/2005

    5,000    $ 8.39

06/27/2005

    6,505    $ 8.29

06/27/2005

    10,000    $ 8.384

06/24/2005

    2,500    $ 8.45

06/24/2005

    5,000    $ 8.45

06/22/2005

    1,000    $ 8.45

06/21/2005

    500    $ 8.39

06/21/2005

    3,800    $ 8.39

06/20/2005

    200    $ 8.39

06/20/2005

    3,000    $ 8.35

SCHEDULE 13D
CUSIP No. 45767M109   Page 6 of 8        

 

Date

   

Number of

Shares

   

Approximate Per

Share Price

(Excluding Commissions)

06/20/2005

    3,000    $ 8.35

06/17/2005

    200    $ 8.29

06/17/2005

    700    $ 8.39

06/17/2005

    2,500    $ 8.39

06/16/2005

    200    $ 8.39

06/16/2005

    2,500    $ 8.44

06/14/2005

    100    $ 8.29

06/14/2005

    1,200    $ 8.37

06/14/2005

    1,400    $ 8.395

06/14/2005

    3,600    $ 8.40

06/14/2005

    4,100    $ 8.3532

06/09/2005

    1,100    $ 8.29

06/09/2005

    1,300    $ 8.35

06/06/2005

    2,095    $ 8.216

06/06/2005

    5,000    $ 8.34

06/06/2005

    5,000    $ 8.29

06/03/2005

    1,305    $ 8.39

06/03/2005

    2,500    $ 8.45

06/02/2005

    1,000    $ 8.38

06/02/2005

    3,649    $ 8.4458

06/01/2005

    400    $ 8.3406

06/01/2005

    1,600    $ 8.240

06/01/2005

    2,695    $ 8.3812

06/01/2005

    5,000    $ 8.3828

06/01/2005

    5,000    $ 8.2848

05/25/2005

    2,000    $ 8.34

05/20/2005

    420    $ 8.34

05/19/2005

    500    $ 8.24

05/18/2005

    2,500    $ 8.35

05/18/2005

    2,500    $ 8.334

05/18/2005

    1,173    $ 8.09

05/18/2005

    400    $ 8.23

05/13/2005

    100    $ 8.09

05/10/2005

    4,695    $ 7.89

05/10/2005

    2,105    $ 7.89

05/09/2005

    14,100    $ 7.89

05/09/2005

    200    $ 7.95

05/06/2005

    5,959    $ 7.89

05/05/2005

    3,194    $ 7.89

05/05/2005

    246    $ 7.89

05/04/2005

    5,000    $ 7.89

05/04/2005

    5,000    $ 7.89

05/04/2005

    5,000    $ 7.89

05/04/2005

    1,806    $ 7.89

05/03/2005

    5,000    $ 7.9784

SCHEDULE 13D
CUSIP No. 45767M109   Page 7 of 8        

 

Date

   

Number of

Shares

   

Approximate Per

Share Price

(Excluding Commissions)

05/03/2005

    2,500    $ 7.98

05/03/2005

    1,837    $ 7.8359

05/03/2005

    900    $ 7.89

05/03/2005

    100    $ 7.65

05/02/2005

    1,550    $ 7.9593

05/02/2005

    1,000    $ 8.04

 

Item 7. Material to be Filed as Exhibits.

 

  7.1 Joint Filing Agreement, incorporated by reference to Exhibit 7.1 to Schedule 13D Statement, dated July 30, 2003, filed on behalf of IPOF Fund and David Dadante

 

 

SCHEDULE 13D
CUSIP No. 45767M109   Page 8 of 8        

 

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.

 

Date: July 25, 2005

 

IPOF FUND

/s/ David Dadante

By:   David Dadante
Its:   General Partner

/s/ David Dadante

DAVID DADANTE
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