0001354488-15-004094.txt : 20150827
0001354488-15-004094.hdr.sgml : 20150827
20150827202221
ACCESSION NUMBER: 0001354488-15-004094
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150822
FILED AS OF DATE: 20150827
DATE AS OF CHANGE: 20150827
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: 151079882
MAIL ADDRESS:
STREET 1: 1969 SW 17TH STREET
CITY: BOCA RATON
STATE: FL
ZIP: 33486
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Red Oak Partners, LLC
CENTRAL INDEX KEY: 0001325533
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10185
FILM NUMBER: 151079883
BUSINESS ADDRESS:
STREET 1: 1969 SW 17TH STREET
CITY: BOCA RATON
STATE: FL
ZIP: 33486
BUSINESS PHONE: 212-614-8952
MAIL ADDRESS:
STREET 1: 1969 SW 17TH STREET
CITY: BOCA RATON
STATE: FL
ZIP: 33486
4
1
issuerdirect_section16.xml
PRIMARY DOCUMENT
X0306
4
2015-08-22
0
0000843006
ISSUER DIRECT CORP
ISDR
0001325533
Red Oak Partners, LLC
1969 SW 17TH STREET
BOCA RATON
FL
33486
1
0001423093
Sandberg David
1969 SW 17TH STREET
BOCA RATON
FL
33486
1
1
Common Stock
2015-08-22
4
C
0
73976
3.99
A
288686
I
By The Red Oak Long Fund, LP
Common Stock
2015-08-22
4
C
0
175467
3.99
A
464153
I
By Pinnacle Opportunities Fund, LP.
Common Stock
2015-08-22
4
C
0
168269
3.99
A
632422
I
By The Red Oak Fund, LP
On August 22, 2015, the Reporting Persons converted the entire remaining $1,666,672 principal amount of 8% Convertible Subordinated Secured Promissory Notes due on August 22, 2015 (the ?Convertible Notes?) into an aggregate of 417,712 shares of Common Stock at a conversion price of $3.99 per share. The Reporting Persons also hold 214,710 shares of Common Stock acquired on November 13, 2014 by the voluntary conversion of $833,328 Convertible Notes previously held. The calculation of percentage ownership is based on 2,338,832 shares of common stock outstanding at August 6, 2015, as reported by the Issuer on its Form 10-Q for the quarter ended June 30, 2015 (filed with the Securities and Exchange Commission on August 6, 2015), plus the 417,712 shares of Common Stock issued pursuant to the conversion on August 22, 2015. Each Reporting Person disclaims beneficial ownership with respect to any shares of Common Stock other than the shares that would be owned directly by such Reporting Person.
Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware 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 a managing member of Pinnacle Capital Partners, LLC, a Florida 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.
ROP serves as the general partner of The Red Oak Long Fund, LP, a Delaware 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.
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.
On Behalf of Red Oak Partners, LLC: /s/David Sandberg
2015-08-27
/s/ David Sandberg
2015-08-27