SC 13G 1 efc7-0566formsc13g.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------------------------------------------------------------- SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) THINK PARTNERSHIP INC. ---------------------- (Name of Issuer) Common Stock, par value $.01 per share ------------------------------------------------ (Title of Class of Securities) 88409N101 ------------------------- (CUSIP Number) December 31, 2006 ------------------------- (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 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 the disclosures provided in a prior cover page. 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). Continued on following pages Page 1 of 12 Pages Exhibit Index: Page 11 SCHEDULE 13G CUSIP No.: 88409N101 Page 2 of 12 Pages ------------------------------------------------------------------------------ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). MAGNETAR FINANCIAL LLC ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware ------------------------------------------------------------------------------ Number of 5. Sole Voting Power 3,691,700 /1/ Shares ---------------------------------------------------------- Beneficially 6. Shared Voting Power None Owned by Each ---------------------------------------------------------- Reporting 7. Sole Dispositive Power 3,691,700 /1/ Person With ---------------------------------------------------------- 8. Shared Dispositive Power None ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,691,700 /1/ ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 5.74% based on 64,278,120 shares outstanding. ------------------------------------------------------------------------------ 12. Type of Reporting Person: IA; OO -------------------------------- /1/ In addition, the Reporting Person may also be deemed to be the beneficial owner of certain warrants and convertibles to acquire Shares. The warrants and convertibles, which are exercisable immediately at the option of the holder, are subject to so-called "blocker" provisions prohibiting the holder from exercising the warrants to the extent that such exercise would result in the holder being deemed the beneficial owner of more than 4.99% of the Shares then issued and outstanding. See Item 4(a) herein. SCHEDULE 13G CUSIP No.: 88409N101 Page 3 of 12 Pages ------------------------------------------------------------------------------ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). MAGNETAR CAPITAL PARTNERS LP ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware ------------------------------------------------------------------------------ Number of 5. Sole Voting Power None Shares ---------------------------------------------------------- Beneficially 6. Shared Voting Power 3,944,377 /1/ Owned by Each ---------------------------------------------------------- Reporting 7. Sole Dispositive Power None Person With ---------------------------------------------------------- 8. Shared Dispositive Power 3,944,377 /1/ ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,944,377 /1/ ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 6.13% based on 64,278,120 shares outstanding. ------------------------------------------------------------------------------ 12. Type of Reporting Person: HC; OO -------------------------------- /1/ In addition, the Reporting Person may also be deemed to be the beneficial owner of certain warrants and convertibles to acquire Shares. The warrants and convertibles, which are exercisable immediately at the option of the holder, are subject to so-called "blocker" provisions prohibiting the holder from exercising the warrants to the extent that such exercise would result in the holder being deemed the beneficial owner of more than 4.99% of the Shares then issued and outstanding. See Item 4(a) herein. SCHEDULE 13G CUSIP No.: 88409N101 Page 4 of 12 Pages ------------------------------------------------------------------------------ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). SUPERNOVA MANAGEMENT LLC ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware ------------------------------------------------------------------------------ Number of 5. Sole Voting Power None Shares ---------------------------------------------------------- Beneficially 6. Shared Voting Power 3,944,377 /1/ Owned by Each ---------------------------------------------------------- Reporting 7. Sole Dispositive Power None Person With ---------------------------------------------------------- 8. Shared Dispositive Power 3,944,377 /1/ ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,944,377 /1/ ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 6.13% based on 64,278,120 shares outstanding. ------------------------------------------------------------------------------ 12. Type of Reporting Person: HC; OO -------------------------------- /1/ In addition, the Reporting Person may also be deemed to be the beneficial owner of certain warrants and convertibles to acquire Shares. The warrants and convertibles, which are exercisable immediately at the option of the holder, are subject to so-called "blocker" provisions prohibiting the holder from exercising the warrants to the extent that such exercise would result in the holder being deemed the beneficial owner of more than 4.99% of the Shares then issued and outstanding. See Item 4(a) herein. SCHEDULE 13G CUSIP No.: 88409N101 Page 5 of 12 Pages ------------------------------------------------------------------------------ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). ALEC N. LITOWITZ ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Delaware ------------------------------------------------------------------------------ Number of 5. Sole Voting Power None Shares ---------------------------------------------------------- Beneficially 6. Shared Voting Power 3,944,377 /1/ Owned by Each ---------------------------------------------------------- Reporting 7. Sole Dispositive Power None Person With ---------------------------------------------------------- 8. Shared Dispositive Power 3,944,377 /1/ ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,944,377 /1/ ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 6.13% based on 64,278,120 shares outstanding. ------------------------------------------------------------------------------ 12. Type of Reporting Person: HC -------------------------------- /1/ In addition, the Reporting Person may also be deemed to be the beneficial owner of certain warrants and convertibles to acquire Shares. The warrants and convertibles, which are exercisable immediately at the option of the holder, are subject to so-called "blocker" provisions prohibiting the holder from exercising the warrants to the extent that such exercise would result in the holder being deemed the beneficial owner of more than 4.99% of the Shares then issued and outstanding. See Item 4(a) herein. Page 6 of 12 Pages Item 1(a). Name of Issuer: Think Partnership, Inc. (the "Issuer") Item 1(b). Address of Issuer's Principal Executive Offices: 28050 US 19 North Suite 509 Clearwater FL 33761 Item 2(a). Name of Person Filing This Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i) Magnetar Financial LLC ("Magnetar Financial") ii) Magnetar Capital Partners LP ("Magnetar Capital Partners"); iii) Supernova Management LLC ("Supernova Management"); and iv) Alec N. Litowitz ("Mr. Litowitz"). This Statement relates to Shares (as defined herein) and certain warrants and convertible preferred securities to purchase Shares held for the accounts of Magnetar Capital Master Fund, Ltd, a Cayman Islands exempted company ("Magnetar Capital Master Fund") certain managed accounts (the "Managed Accounts"), Magnetar SGR Fund, Ltd. and Magnetar SGR Fund, LP. Magnetar Capital Partners serves as the sole member and parent holding company of Magnetar Financial, and Magnetar Investment Management, LLC a Delaware limited liability company ("Magnetar Investment Management"). Each of Magnetar Financial and Magnetar Investment Management are registered investment advisers under Section 203 of the Investment Advisers Act of 1940, as amended. Magnetar Financial serves as investment adviser to Magnetar Capital Master Fund. In such capacity, Magnetar Financial exercises voting and investment power over the Shares warrant and preferred shares held for the account of Magnetar Capital Master Fund. Magnetar Investment Management serves as investment adviser to the Managed Accounts, Magnetar SGR Fund, Ltd and Magnetar SGR Fund, LP. In such capacity, Magnetar Investment Management exercises voting and investment power over the Shares held for the accounts of the Managed Accounts, Magnetar SGR Fund, Ltd and Magnetar SGR Fund, LP. Supernova Management is the general partner of Magnetar Capital Partners. The manager of Supernova Management is Mr. Litowitz. Item 2(b). Address of Principal Business Office or, if None, Residence: The address of the principal business office of each of Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Litowitz is 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60201. Item 2(c). Citizenship: i) Magnetar Financial is a Delaware limited liability company; Page 7 of 12 Pages ii) Magnetar Capital Partners is a Delaware limited partnership; iii) Supernova Management is a Delaware limited liability company; and iv) Mr. Litowitz is a citizen of the United States of America. Item 2(d). Title of Class of Securities: Common Stock, par value $.01 per share (the "Shares") Item 2(e). CUSIP Number: 88409N101 Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (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 association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. Item 4. Ownership: Item 4(a) Amount Beneficially Owned: (i) As of February 5, 2007, each of Magnetar Capital Partners, Supernova Management and Mr. Litowitz may be deemed to be the beneficial owner of 3,944,377 Shares. This amount consists of: (A) 3,691,700 Shares held for the account of Magnetar Capital Master Fund; (B) 65 Shares held for the account of Magnetar SGR Fund Ltd; (C) 902 Shares held for the account of Magnetar SGR Fund LP and (D) 251,710 Shares held for the account of the Managed Accounts. (ii) As of February 5, 2007, Magnetar Financial may be deemed to be the beneficial owner of 3,691,700 Shares. This amount consists of: (A) 3,691,700 Shares held for the account of Magnetar Capital Master Fund. (iii) In addition, each of Magnetar Financial, Magnetar Capital Partners, Supernova Management and Mr. Litowitz may also be deemed to be the beneficial owner of warrants and convertible preferred, held for the account of Magnetar Capital Fund. The warrant contain a contractual provision blocking exercise of the warrants and convertible preferred when the holder beneficially owns more than 4.99% of the issued and outstanding Shares. Since the Reporting Persons currently own 5.74% of the Shares, the warrants and convertible preferreds are not currently exercisable and thus, the shares underlying the warrants and convertible preferreds have not been included in the calculation, of the Reporting Person, beneficial ownership of the Shares. Item 4(b) Percent of Class: Page 8 of 12 Pages (i) The number of Shares of which each of Magnetar Capital Partners, Supernova Management and Mr. Litowitz may be deemed to be the beneficial owner constitutes approximately 6.13% of the total number of Shares outstanding. (ii) The number of Shares of which Magnetar Financial may be deemed to be the beneficial owner constitutes approximately 5.74% of the total number of Shares outstanding. Item 4(c) Number of Shares of which such person has: Magnetar Financial: ------------------- (i) Sole power to vote or direct the vote: 3,691,700 (ii) Shared power to vote or direct the vote: 0 (iii) Sole power to dispose or direct the disposition of: 3,691,700 (iv) Shared power to dispose or direct the disposition of: 0 Magnetar Capital Partners, Supernova Management, and Mr. Litowitz: ------------------------------------------------------------------ (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 3,944,377 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 3,944,377 Item 5. Ownership of Five Percent or Less of a Class: This Item 5 is not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person: This Item 6 is not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: See disclosure in Item 2 hereof. Item 8. Identification and Classification of Members of the Group: This Item 8 is not applicable. Item 9. Notice of Dissolution of Group: This Item 9 is not applicable. Item 10. Certification: By signing below each of the Reporting Persons certifies that, to the best of their knowledge and belief, the securities referred to above were not acquired and are not held for the purpose Page 9 of 12 Pages 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. Page 10 of 12 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: February 14, 2007 MAGNETAR FINANCIAL LLC By: Magnetar Capital Partners LP As Sole Member By: /s/ Alec N. Litowitz ------------------------------- Name: Alec N. Litowitz Title: Manager of Supernova Management LLC, as General Partner of Magnetar Capital Partners LP Date: February 14, 2007 MAGNETAR CAPITAL PARTNERS LP By: /s/ Alec N. Litowitz ------------------------------- Name: Alec N. Litowitz Title: Manager of Supernova Management LLC, as General Partner of Magnetar Capital Partners LP Date: February 14, 2007 SUPERNOVA MANAGEMENT LLC By: /s/ Alec N. Litowitz ------------------------------- Name: Alec N. Litowitz Title: Manager Date: February 14, 2007 ALEC N. LITOWITZ /s/ Alec N. Litowitz ------------------------------- Page 11 of 12 Pages EXHIBIT INDEX Ex. Page No. --- -------- A. Joint Filing Agreement, dated February 14, 2007 by and among Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and Alec N. Litowitz.............. 12 Page 12 of 12 Pages EXHIBIT A JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of Think Partnership, Inc. dated as of February 14, 2007 is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. Date: February 14, 2007 MAGNETAR FINANCIAL LLC By: Magnetar Capital Partners LP As Sole Member By: /s/ Alec N. Litowitz ------------------------------- Name: Alec N. Litowitz Title: Manager of Supernova Management LLC, as General Partner of Magnetar Capital Partners LP Date: February 14, 2007 MAGNETAR CAPITAL PARTNERS LP By: /s/ Alec N. Litowitz ------------------------------- Name: Alec N. Litowitz Title: Manager of Supernova Management LLC, as General Partner of Magnetar Capital Partners LP Date: February 14, 2007 SUPERNOVA MANAGEMENT LLC By: /s/ Alec N. Litowitz ------------------------------- Name: Alec N. Litowitz Title: Manager Date: February 14, 2007 ALEC N. LITOWITZ /s/ Alec N. Litowitz -------------------------------