0001337851-11-000005.txt : 20110502
0001337851-11-000005.hdr.sgml : 20110502
20110502164615
ACCESSION NUMBER: 0001337851-11-000005
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110429
FILED AS OF DATE: 20110502
DATE AS OF CHANGE: 20110502
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: INTERNATIONAL MONETARY SYSTEMS LTD /WI/
CENTRAL INDEX KEY: 0001097430
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 391924096
STATE OF INCORPORATION: WI
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 16901 WEST GLENDALE DR
CITY: NEW BERLIN
STATE: WI
ZIP: 53151
BUSINESS PHONE: 2627803640
MAIL ADDRESS:
STREET 1: 16901 WEST GLENDALE DR
CITY: NEW BERLIN
STATE: WI
ZIP: 53151
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Praetorian Capital Management LLC
CENTRAL INDEX KEY: 0001337851
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-30853
FILM NUMBER: 11801394
BUSINESS ADDRESS:
STREET 1: 1000 SOUTH POINTE DRIVE
STREET 2: SUITE 1508
CITY: MIAMI BEACH
STATE: FL
ZIP: 33139
BUSINESS PHONE: 504-231-3714
MAIL ADDRESS:
STREET 1: 1000 SOUTH POINTE DRIVE
STREET 2: SUITE 1508
CITY: MIAMI BEACH
STATE: FL
ZIP: 33139
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0303
4
2011-04-29
1
0001097430
INTERNATIONAL MONETARY SYSTEMS LTD /WI/
ITNM
0001337851
Praetorian Capital Management LLC
1000 SOUTH POINTE DRIVE
SUITE 1508
MIAMI BEACH
FL
33139
0
0
0
1
Former 10% Owner
Common Stock, par value $0.0001
2011-04-29
4
S
0
413350
0.6801
D
770650
I
See Footnote
This Form 4 is being filed by Praetorian Capital Management LLC, a Delaware Limited Liability Company (the "Management Company") which serves as investment manager or advisor to Praetorian Offshore Ltd. (the "Fund") with respect to the shares identified in this filing. The Management Company makes the investment and voting decisions on behalf of the Fund but owns no direct investments in the securities of the Issuer. The Fund directly owns the shares of the Common Stock of the Issuer but does not make any decisions as to voting or buying or selling shares of the Issuer.
Praetorian Offshore Ltd. owns 777,650 shares, after a sale of 413,350 shares on April 29, 2011. The less-than-10% ownership calculation is based on the Issuer's 2010 Form 10-K filed on March 11, 2011.
Wesley N. Cooper
2011-05-02