0001140361-18-026814.txt : 20180601
0001140361-18-026814.hdr.sgml : 20180601
20180601160338
ACCESSION NUMBER: 0001140361-18-026814
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180515
FILED AS OF DATE: 20180601
DATE AS OF CHANGE: 20180601
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PITON CAPITAL PARTNERS LLC
CENTRAL INDEX KEY: 0001644342
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34261
FILM NUMBER: 18875082
BUSINESS ADDRESS:
STREET 1: C/O KOKINO LLC
STREET 2: 201 TRESSER BOULEVARD, 3RD FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06901
BUSINESS PHONE: (405) 936-6220
MAIL ADDRESS:
STREET 1: C/O NORTH BAY ASSOCIATES
STREET 2: 14000 QUAIL SPRINGS PARKWAY, SUITE 2200
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73134
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: EVOLVING SYSTEMS INC
CENTRAL INDEX KEY: 0001052054
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
IRS NUMBER: 841010843
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 9800 PYRAMID COURT, SUITE 400
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
BUSINESS PHONE: 3038021000
MAIL ADDRESS:
STREET 1: 9800 PYRAMID COURT, SUITE 400
CITY: ENGLEWOOD
STATE: CO
ZIP: 80112
3
1
doc1.xml
FORM 3
X0206
3
2018-05-15
0
0001052054
EVOLVING SYSTEMS INC
EVOL
0001644342
PITON CAPITAL PARTNERS LLC
C/O KOKINO LLC
201 TRESSER BOULEVARD, 3RD FLOOR
STAMFORD
CT
06901
0
0
1
0
Common Stock
1250000
D
The Issuer's public filings on May 15, 2018 indicate a decrease in the number of shares outstanding, which the Reporting Person has been advised is due to a change in the way which the Issuer calculates outstanding shares. As a result of the Issuer's change, the Reporting Person's holdings of Common Stock exceed 10% of the shares outstanding.
Piton Capital Partners LLC, a Delaware limited liability company ("Piton") and family client of Kokino LLC ("Kokino"), also reports beneficial ownership of the Issuer's common stock pursuant to Rule 13d-1 of the Securities Exchange Act of 1934, as amended, pursuant to a Schedule 13D filed by Piton with the SEC on April 27, 2017, as amended on June 13, 2017, August 3, 2017, November 13, 2017 and November 28, 2017.
Represents shares of the Issuer's common stock ("Shares") beneficially owned by Piton. Piton's managing member is Piton Capital Management LLC ("PCM"). PCM's managing member is Kokino, and Kokino is Piton's trading manager. Mr. Averick manages Piton's investments in the Issuer as Kokino's Portfolio Manager. Mr. Averick holds an economic interest in Piton (which interest may be held directly and, from time to time, indirectly through PCM). Also, Mr. Averick's incentive compensation as an employee of Kokino, which is calculated in Kokino's discretion, may be based, among other things, on the performance of Shares held by Piton. Such compensation may be paid in cash and/or by way of increasing Mr. Averick's minority interest in Piton (either directly or indirectly through PCM).
/s/ Douglas Kline, Chief Operating Officer of Kokino LLC, managing member of Piton Capital Management LLC, managing member of Piton Capital Partners LLC
2018-06-01