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