- Amended Statement of Ownership (SC 13G/A)
04 February 2012 - 9:10AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED
PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)*
Overland Storage, Inc.
(Name of Issuer)
Common Stock, no par value
(Title of
Class of Securities)
690310206
(CUSIP Number)
December 31, 2011
(Date of Event Which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting persons 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).
SCHEDULE
13G
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CUSIP NO. 690310206
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Page 2 of 6
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1
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NAMES OF REPORTING PERSONS
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I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Pinnacle Family Office
Investments, L.P., a Texas limited partnership
27-1405464
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) [ ]
(b) [X]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Texas
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
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5
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SOLE VOTING POWER
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1,864,750 shares
of Common Stock
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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1,864,750 shares of Common Stock
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,864,750 shares
of Common Stock
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
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[ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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7.9% (See Item 4)
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1
2
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TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN
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SCHEDULE
13G
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CUSIP NO. 690310206
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Page 3 of 6
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1
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NAMES OF REPORTING PERSONS
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I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Barry M. Kitt
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) [ ]
(b) [X]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States of America
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
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5
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SOLE VOTING POWER
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1,864,750 shares
of Common Stock
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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1,864,750 shares
of Common Stock
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,864,750 shares
of Common Stock
|
10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS)
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[ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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7.9
% (See
Item 4)
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1
2
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TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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SCHEDULE
13G
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CUSIP NO. 690310206
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Page 4 of 6
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Item 1(a).
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Name of Issuer:
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Overland Storage, Inc.
(the "Issuer")
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Item 1(b).
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Address of Issuers Principal
Executive Offices:
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9112 Spectrum Boulevard
San Diego, California 92123
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Items 2(a),
(b) and (c).
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Name of Persons Filing
,
Address of
Principal Business Office and
Citizenship:
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This Amendment No. 1 to Schedule 13G is being filed on
behalf of Pinnacle Family Office Investments, L.P. and Barry M. Kitt, as
joint filers (collectively, the "Reporting Persons").
The Reporting Persons have entered into a Joint Filing Agreement, a copy
of which is filed with this Amendment No. 1 to Schedule 13G as Exhibit 1,
pursuant to which the Reporting Persons have agreed to file this Amendment
No. 1 to Schedule 13G jointly in accordance with the provisions of Rule
13d-1(k) of the Securities Exchange Act of 1934, as amended.
The principal business office of the Reporting Persons is
4965 Preston Park Blvd., Suite 240, Plano, TX 75093. For citizenship, see
Item 4 of each cover page.
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Item 2(d).
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Title of Class of Securities:
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Common Stock, no par value (the
"Common Stock")
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Item 2(e).
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CUSIP Number:
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690310206
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Item 3.
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Not applicable
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Item 4.
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Ownership.
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(a)
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Amount beneficially owned
:
1,864,750 shares of Common
Stock*
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(b)
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Percent of class
:
Based on 23,402,011 shares of Common Stock of the Issuer
outstanding as of November 3, 2011, and 347,600 shares of Common Stock
issuable upon the exercise of warrants held by the Reporting Persons, the Reporting Persons hold
approximately 7.9%* of the issued and outstanding Common Stock of the
Issuer.
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(c)
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Number of shares to which such person
has
:
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(i)
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Sole power to vote or direct the vote:
1,864,750 shares of Common Stock*
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(ii)
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Shared power to vote or direct the vote:
0
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SCHEDULE
13G
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CUSIP NO. 690310206
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Page 5 of 6
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(iii)
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Sole power to dispose or to direct the disposition of:
1,864,750 shares of Common Stock*
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(iv)
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Shared power to dispose of or direct the disposition of:
0
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*This statement is filed on behalf
of Pinnacle Family Office Investments, L.P. (Pinnacle) and Barry M. Kitt.
Pinnacle Family Office, LLC (Pinnacle Family) is the general partner of
Pinnacle. Mr. Kitt is the manager of Pinnacle Family. Mr. Kitt may be deemed to
be the beneficial owner of the shares of Common Stock beneficially owned by
Pinnacle. Mr. Kitt expressly disclaims beneficial ownership of all shares of
Common Stock beneficially owned by Pinnacle.
Item
5.
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Ownership of Five Percent or Less of a
Class.
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Not applicable
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Item
6.
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Ownership of More than Five Percent on
Behalf of Another Person.
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Not applicable
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Item
7.
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Identification and Classification of the
Subsidiary Which Acquired the
Security Being Reported By the Parent
Holding Company.
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Not applicable
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Item
8.
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Identification and Classification of Members
of the Group.
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Not applicable
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Item
9.
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Notice of Dissolution of a Group.
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Not applicable
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Item
10.
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Certification.
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By signing below I certify that, to the best of
my knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose 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.
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SCHEDULE
13G
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CUSIP NO. 690310206
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Page 6 of 6
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: February 3, 2012
PINNACLE FAMILY OFFICE
INVESTMENTS, L.P.
By: Pinnacle Family Office, LLC, its general partner
By:
/s/ Barry M. Kitt
Barry
M. Kitt, its manager
/s/ Barry M. Kitt
Barry
M. Kitt
SCHEDULE 13G
CUSIP NO. 690310206
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended, the undersigned agree to
the joint filing on behalf of each of them of a statement on Schedule 13G
(including amendments thereto) with respect to 1,864,750 shares of Common Stock
of Overland Storage, Inc. and further agree that this Joint Filing Agreement
shall be included as an exhibit to such joint filings.
The undersigned further agree that
each party hereto is responsible for the timely filing of such Schedule 13G and
any amendments thereto, and for the completeness and accuracy of the information
concerning such party contained therein; provided, however, that no party is
responsible for the completeness or accuracy of the information concerning any
other party making the filing, unless such party knows or has reason to believe
that such information is inaccurate.
IN WITNESS WHEREOF, the parties have
executed this Joint Filing Agreement on February 3, 2012.
PINNACLE FAMILY OFFICE
INVESTMENTS, L.P.
By: Pinnacle Family Office, LLC, its general partner
By:
/s/ Barry M. Kitt
Barry
M. Kitt, its manager
/s/ Barry M. Kitt
Barry
M. Kitt
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