-----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, M6jV6wb8wfLrRNvDIUj4pAtbkdnGpjHRy8xNmbqq2oG4TAErfbiSEsGep5KS1h4k 73oaHELFob/0xG3/eSiCgw== 0001144204-07-060738.txt : 20071113 0001144204-07-060738.hdr.sgml : 20071112 20071113203108 ACCESSION NUMBER: 0001144204-07-060738 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071108 FILED AS OF DATE: 20071113 DATE AS OF CHANGE: 20071113 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: UNIFY CORP CENTRAL INDEX KEY: 0000880562 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 770427069 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 BUSINESS ADDRESS: STREET 1: 181 METRO DR STREET 2: 3RD FL CITY: SAN JOSE STATE: CA ZIP: 95110 BUSINESS PHONE: 4084674500 MAIL ADDRESS: STREET 1: 181 METRO DRIVE CITY: SAN JOSE STATE: CA ZIP: 95110 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ComVest Capital, LLC CENTRAL INDEX KEY: 0001362707 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11807 FILM NUMBER: 071240499 BUSINESS ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 561-868-6060 MAIL ADDRESS: STREET 1: ONE NORTH CLEMATIS STREET STREET 2: SUITE 300 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 4 1 v093995_ex.xml X0202 4 2007-11-08 0 0000880562 UNIFY CORP UFYC.OB 0001362707 ComVest Capital, LLC ONE NORTH CLEMATIS STREET SUITE 300 WEST PALM BEACH FL 33401 0 0 1 0 Common Stock, par value $0.001 per share 2007-11-08 4 S 0 120000 4.98 D 734458 D Warrant 1.35 2007-11-01 4 C 0 120000 1.35 D 2006-11-20 2012-10-31 Common Stock 120000 0 D Convertible Term Note 2007-11-01 4 C 0 32400 5.00 D 2006-11-20 2012-10-31 Common Stock 32400 99600 D As of the date hereof, ComVest Capital LLC, a Delaware limited liability company (the "Reporting Person"), directly beneficially owns each of the securities identified herein. ComVest Capital Management LLC ("Management") indirectly beneficially owns each of the securities listed herein by virtue of the fact that Management is the managing member of the Reporting Person. ComVest Group Holdings, LLC ("CGH") indirectly beneficially owns each of the securities listed herein by virtue of the fact that CGH is the managing member of Management. Michael S. Falk ("Falk"), an individual, indirectly beneficially owns the securities listed herein by virtue of the fact that Falk is the Chairman and principal member of CGH. As of the date hereof, the Reporting Person has a direct beneficial ownership interest in 734,458 shares of Common Stock, consisting of: (a) a Convertible Term Note in the principal amount of $1,764,286 (convertible into 352,857 shares of Common Stock); (b) a Convertible Term Note in the principal amount of $498,000 (convertible into 99,600 shares of Common Stock); and (c) Warrants to purchase 282,000 shares of Common. On November 1, 2007, the Reporting Person exercised warrants to purchase 120,000 shares of Common Stock at an exercise price of $1.35 per share. Pursuant to the terms of the underlying credit facility, the total exercise price of $162,000 was used to pay down part of the convertible term note, thereby reducing the number of shares of Common Stock which such note is convertible by 32,400 shares. ComVest Capital LLC by: ComVest Capital Management LLC 2007-11-13 ComVest Capital Management LLC /s/ Cecilio M. Rodriguez 2007-11-13 ComVest Group Holdings LLC /s/ Cecilio M. Rodriquez 2007-11-13 /s/ Michael S. Falk 2007-11-13 -----END PRIVACY-ENHANCED MESSAGE-----