-----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, RnIr9VXZ4NncCjQtsLloupRrUba1izz8ARx/dWurjhTJ5fWAjRbeyv/wFZ1QeVuN 9Lbi5dKDcFJd7fRgnyA7mQ== 0001019687-10-000868.txt : 20100305 0001019687-10-000868.hdr.sgml : 20100305 20100305165311 ACCESSION NUMBER: 0001019687-10-000868 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100305 DATE AS OF CHANGE: 20100305 GROUP MEMBERS: B. RILEY & CO., LLC GROUP MEMBERS: B. RILEY & CO. RETIREMENT TRUST GROUP MEMBERS: BRYANT R. RILEY GROUP MEMBERS: RILEY INVESTMENT PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DDI CORP CENTRAL INDEX KEY: 0001104252 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 061576013 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-59219 FILM NUMBER: 10661364 BUSINESS ADDRESS: STREET 1: 1220 SIMON CIRCLE CITY: AHAMEIM STATE: CA ZIP: 92806 BUSINESS PHONE: 7146887200 MAIL ADDRESS: STREET 1: 1220 SIMON CIRCLE CITY: AHAHEIM STATE: CA ZIP: 92806 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Riley Investment Management LLC CENTRAL INDEX KEY: 0001345523 IRS NUMBER: 954799549 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 11100 SANTA MONICA BLVD. STREET 2: SUITE 810 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 310-966-1444 MAIL ADDRESS: STREET 1: 11100 SANTA MONICA BLVD. STREET 2: SUITE 810 CITY: LOS ANGELES STATE: CA ZIP: 90025 SC 13D/A 1 riley-ddi_13da3.htm SCHEDULE 13D AMENDMENT riley-ddi_13da3.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
(Rule 13d-2-101)

 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

(Amendment No. 3)1

DDi CORP.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

233162502
(CUSIP Number)

Riley Investment Management LLC
Attn:  Bryant R. Riley
11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
(310) 966-1445
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 3, 2010
(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: o

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.

(Continued on following pages)


———————
1  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 ("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.  233162502
13D
Page  2



1
NAME OF REPORTING PERSON
S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
 
Riley Investment Partners, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a) o
 (b)   x
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS*
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
 o
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
                              
SHARES
7
SOLE VOTING POWER
 
730,655
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
-0-
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
730,655
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
-0-
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
730,655
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES*
o
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 3.7 %1
14
TYPE OF REPORTING PERSON*
 
PN


________________________________ 
 
1 Based on 19,791,594 shares of common stock of DDi CORP. (the “Issuer”) outstanding at October 26, 2009, as reported in the Issuer’s Form 10-Q for the quarterly period ending September 30, 2009 filed with the Securities and Exchange Commission on October 28, 2009.

 
 
 
 
CUSIP No.  233162502
13D
Page  3



1
NAME OF REPORTING PERSON
S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
 
Riley Investment Management LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a)   o
 (b)   x
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS*
AF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
 o
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
                              
SHARES
7
SOLE VOTING POWER
 
1,798,5242
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
315,0303
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
1,798,5242
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
315,0303
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,798,5243
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES*
 [x]
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 9.1 %1
14
TYPE OF REPORTING PERSON*
 
IA


______________________________
 
2Because Riley Investment Management LLC has sole investment and voting power over 730,655 shares of Common Stock held by Riley Investment Partners, L.P. and 1,798,524 shares of Common Stock held in managed accounts of its investment advisory clients, Riley Investment Management LLC may be deemed to have beneficial ownership of these shares. 
3Riley Investment Management LLC has shared voting and dispositive power over 315,030 shares of Common Stock held by its investment advisory clients.  However, Riley Investment Management LLC disclaims beneficial ownership of these shares.
 
 
 
CUSIP No.  233162502
13D
Page  4



1
NAME OF REPORTING PERSON
S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
 
B. Riley &  Co., LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a)    o
 (b)   x
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS*
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
 o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
                              
SHARES
7
SOLE VOTING POWER
 
156,890
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
0
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
156,890
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
156,890
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES*
 o
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 0.8 %1
14
TYPE OF REPORTING PERSON*
 
BD

 
 
 
CUSIP No.  233162502
13D
Page  5



1
NAME OF REPORTING PERSON
S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
 
B. Riley & Co. Retirement Trust
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a)   o
 (b)   x
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS*
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     
 o
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
NUMBER OF
                              
SHARES
7
SOLE VOTING POWER
 
36,070
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
0
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
36,070
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
36,070
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES*
 o
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 0.2 %1
14
TYPE OF REPORTING PERSON*
 
EP


 
 
 
CUSIP No.  233162502
13D
Page  6



1
NAME OF REPORTING PERSON
S.S. OR IRS. IDENTIFICATION NO. OF ABOVE PERSON
 
Bryant R. Riley
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 (a)   o
 (b)   x
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS*
AF
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
NUMBER OF
                              
SHARES
7
SOLE VOTING POWER
 
2,002,1504
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
315,0305
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
2,002,1504
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
315,0305
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,002,1505
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES SHARES*
 x
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.1%1
14
TYPE OF REPORTING PERSON*
 
IN


 
______________________________ 
4 Because Riley Investment Management LLC has sole voting and investment power over Riley Investment Partners, L.P.’s security holdings and certain of its investment advisory clients and Mr. Riley, in his role as the sole manager of Riley Investment Management LLC, controls its voting and investment decisions, Mr. Riley may be deemed to have beneficial ownership of the 730,655 shares of Common Stock held by Riley Investment Partners, L.P. and 1,067,869 shares held in managed accounts of its investment advisory clients.  Includes 156,890 shares of Common Stock owned by B. Riley & Co., LLC. Mr. Riley is the Chairman and sole indirect equity owner of B. Riley & Co., LLC. Includes 36,070 shares owned by B. Riley & Co. Retirement Trust.  Mr. Riley is Trustee of the B. Riley & Co. Retirement Trust.  Includes 4,000 shares of Common Stock in custodial accounts for Mr. Riley’s children which Mr. Riley is the custodian of and options exercisable to purchase 6,666 of Common Stock held by Mr. Riley.
 
5 Riley Investment Management LLC has shared voting and dispositive power over 315,030 shares of Common Stock held in managed accounts by its investment advisory clients.  Although Mr. Riley controls Riley Investment Management LLC’s voting and investment decisions for its investment advisory clients, Mr. Riley disclaims beneficial ownership of these shares.

 
 
 
CUSIP No.  233162502
13D
Page 8 


Item 5.
Interest in Securities of the Issuer


 
(c)
In the ordinary course of business, BRC may effect transactions in connection with its ordinary course market making activities, as well as for customer transactions.  The following are the other transactions effected by the Reporting Persons in Common Stock that have taken place in the past 60 days:

RIP, LP
Trade Date
Trans Code
Quantity
Price
 
3/1/2010
BY
40,866
5
 
3/2/2010
BY
9,134
4.9997
 
3/3/2010
BY
125,000
5
Investment Advisory Clients
Trade Date
Trans Code
Quantity
Price
 
3/1/2010
BY
40,867
5
 
3/2/2010
BY
9,133
4.9997
 
3/3/2010
BY
50,000
5


 
 
 
CUSIP No.  233162502
13D
Page 9 


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: March 5, 2010


 
Riley Investment Partners, L.P.
 
 
     
By: Riley Investment Management, its General Partner
 
 
By:
/s/ BRYANT R. RILEY
   
Bryant R. Riley, Managing Member
   
 
Riley Investment Management, LLC
 
     
  
 
By:
/s/ BRYANT R. RILEY
   
Bryant R. Riley, Managing Member
   
 
B. Riley & Co., LLC
 
     
  
 
By:
/s/ BRYANT R. RILEY
   
Bryant R. Riley, Chairman
   
 
B. Riley & Co. Retirement Trust
 
     
  
 
By:
/s/ BRYANT R. RILEY
   
Bryant R. Riley, Trustee
 
     
  
 
By:
/s/ BRYANT R. RILEY
   
Bryant R. Riley

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