0001325533-14-000004.txt : 20140502
0001325533-14-000004.hdr.sgml : 20140502
20140502200215
ACCESSION NUMBER: 0001325533-14-000004
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140429
FILED AS OF DATE: 20140502
DATE AS OF CHANGE: 20140502
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ISSUER DIRECT CORP
CENTRAL INDEX KEY: 0000843006
STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL PRINTING [2750]
IRS NUMBER: 261331503
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 500 PERIMETER PARK DRIVE
STREET 2: SUITE D
CITY: MORRISVILLE
STATE: NC
ZIP: 27560
BUSINESS PHONE: 9194611600
MAIL ADDRESS:
STREET 1: 500 PERIMETER PARK DRIVE
STREET 2: SUITE D
CITY: MORRISVILLE
STATE: NC
ZIP: 27560
FORMER COMPANY:
FORMER CONFORMED NAME: DOCUCON INC
DATE OF NAME CHANGE: 20071002
FORMER COMPANY:
FORMER CONFORMED NAME: DOCUCON INCORPORATED
DATE OF NAME CHANGE: 19920703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sandberg David
CENTRAL INDEX KEY: 0001423093
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10185
FILM NUMBER: 14811028
MAIL ADDRESS:
STREET 1: 304 PARK AVE SOUTH
STREET 2: 11TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10010
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Red Oak Partners, LLC
CENTRAL INDEX KEY: 0001325533
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10185
FILM NUMBER: 14811029
BUSINESS ADDRESS:
STREET 1: 304 PARK AVE SOUTH
STREET 2: 11TH FL
CITY: NEW YORK
STATE: NY
ZIP: 10010
BUSINESS PHONE: 212-614-8952
MAIL ADDRESS:
STREET 1: 304 PARK AVE SOUTH
STREET 2: 11TH FL
CITY: NEW YORK
STATE: NY
ZIP: 10010
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2014-04-29
0
0000843006
ISSUER DIRECT CORP
ISDR
0001325533
Red Oak Partners, LLC
304 PARK AVE SOUTH
11TH FL
NEW YORK
NY
10010
0
0
1
0
0001423093
Sandberg David
304 PARK AVE SOUTH
11TH FLOOR
NEW YORK
NY
10010
1
0
0
0
Options to Purchase Common Stock, par value $0.001
8.25
2013-12-31
2018-08-21
Common Stock, par value $0.001
40000
40000
D
8% Convertible Secured Promissory Note
3.99
2014-04-29
4
J
0
442743
D
Common Stock, par value $0.001
110963
2500000
I
By The Red Oak Fund, L.P.
8% Convertible Secured Promissory Note
3.99
2014-04-29
4
J
0
442743
A
Common Stock, par value $0.001
110963
2500000
I
By The Red Oak Long Fund, L.P.
Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Florida limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.
ROP serves as the general partner of The Red Oak Long Fund, LP, a Florida limited partnership (the "Long Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Long Fund's portfolio manager.
ROP serves as a managing member of Pinnacle Partners, LLC, a Colorado limited liability company ("Pinnacle Partners"). Pinnacle Partners is the general partner of Pinnacle Opportunities Fund, LP, a Delaware limited partnership ("Pinnacle Fund"), the direct owner of the subject securities.
Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
The Reporting Persons hold directly $2,500,000 principal amount of 8% Convertible Subordinated Secured Promissory Notes due in 2015, which are convertible as of the filing date of this Form 4 into 626,566 shares of Common Stock at a conversion price of $3.99 per share.
Convertible Notes held by The Red Oak Fund, LP were transferred by an in-kind distribution to the Red Oak Long Fund, LP.
On August 22, 2013, Mr. Sandberg was granted options to purchase 40,000 shares of the Company's common stock, par value $0.001, which shall vest quarterly over four years so long as he remains a member of the Company's Board of Directors. The exercise price of such options is $8.25 and the options shall be exercisable for a period of five years from the date of issuance.
David Sandberg
2014-05-02