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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Jacada Ltd. - Ordinary Shares (MM) | NASDAQ:JCDA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.57 | 0 | 01:00:00 |
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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Jacada, Ltd.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
M6184R101
(CUSIP Number)
December 31, 2009
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x |
Rule 13d-1(b) |
o |
Rule 13d-1(c) |
o |
Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person's 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).
CUSIP No. M6184R101 |
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1. |
Names
of Reporting Persons
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3. |
SEC Use Only |
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4. |
Citizenship
or Place of Organization
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Number of
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5. |
Sole
Voting Power
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6. |
Shared
Voting Power
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7. |
Sole
Dispositive Power
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8. |
Shared Dispositive Power
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9. |
Aggregate
Amount Beneficially Owned by Each Reporting Person
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o |
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11. |
Percent
of Class Represented by Amount in Row (9)
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12. |
Type
of Reporting Person (See Instructions)
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CUSIP No. M6184R101 |
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1. |
Names
of Reporting Persons
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3. |
SEC Use Only |
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4. |
Citizenship
or Place of Organization
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Number of
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5. |
Sole
Voting Power
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6. |
Shared
Voting Power
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7. |
Sole
Dispositive Power
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8. |
Shared Dispositive Power
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9. |
Aggregate
Amount Beneficially Owned by Each Reporting Person
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o |
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11. |
Percent
of Class Represented by Amount in Row (9)
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12. |
Type
of Reporting Person (See Instructions)
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CUSIP No. M6184R101 |
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1. |
Names
of Reporting Persons
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3. |
SEC Use Only |
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4. |
Citizenship
or Place of Organization
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Number of
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5. |
Sole
Voting Power
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6. |
Shared
Voting Power
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7. |
Sole
Dispositive Power
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8. |
Shared Dispositive Power
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9. |
Aggregate
Amount Beneficially Owned by Each Reporting Person
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) x |
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11. |
Percent
of Class Represented by Amount in Row (9)
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12. |
Type
of Reporting Person (See Instructions)
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Item 1. |
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(a) |
Name
of Issuer
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(b) |
Address
of Issuers Principal Executive Offices
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Item 2. |
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(a) |
Name
of Person Filing
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(b) |
Address
of Principal Business Office or, if none, Residence
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(c) |
Citizenship
33 S. Main Street, Suite 3 Hanover, NH 03755
Kernan V. Oberting c/o KVO Capital Management, LLC 33 S. Main Street, Suite 3 Hanover, NH 03755
Robert B. Ashton c/o KVO Capital Management, LLC 33 S. Main Street, Suite 3 Hanover, NH 03755
This Amendment No. 2 to Schedule 13G (Amendment No. 2) is filed by KVO Capital Management, LLC (KVO), Kernan V. Oberting (Mr. Oberting) and Robert B. Ashton (Mr. Ashton). This Amendment No. 2 amends and restates all information previously reported in the Schedule 13G filed by the Reporting Persons with respect to Jacada, Ltd. on November 19, 2008, as amended (the Schedule 13G). KVO, Mr. Oberting and Mr. Ashton have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 99.1, pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended. |
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(d) |
Title
of Class of Securities
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(e) |
CUSIP
Number
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Item 3. |
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: |
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(a) |
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Broker or dealer registered under Section 15 of the Act. |
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(b) |
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Bank as defined in Section 3(a)(6) of the Act. |
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(c) |
o |
Insurance company as defined in Section 3(a)(19) of the Act. |
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(d) |
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Investment company registered under Section 8 of the Investment Company Act of 1940. |
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(e) |
o |
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) ; |
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(f) |
o |
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F) ; |
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(g) |
o |
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) ; |
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(h) |
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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(i) |
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; |
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(j) |
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Group, in accordance with Rule 13d-1(b)(1)(ii)(J) . |
Item 4. |
Ownership |
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Provide
the following information regarding the aggregate number and percentage of
the class of securities of the issuer identified in Item 1.
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(a) |
Amount beneficially owned: 1,118,651 (1) |
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(b) |
Percent of class: 6.76% |
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(c) |
Number of shares as to which the person has:
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(i) |
Sole power to vote or to direct the vote 1,118,651 (1) |
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(ii) |
Shared power to vote or to direct the vote 0 |
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(iii) |
Sole power to dispose or to direct the disposition of 1,118,651 (1) |
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(iv) |
Shared power to dispose or to direct the disposition of 0 |
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(1) Includes 85,291 shares held in a private account on behalf of Mr. Ashton, a portfolio manager of KVO, over which KVO has both voting and dispositive power pursuant to contract. KVOs voting and dispositive power over these shares is revocable only if Mr. Ashton terminates his employment with KVO, at which time the right to vote and dispose of those shares will revert to him. Also includes 1,033,360 shares held in other private accounts over which KVO has both voting and dispositive power pursuant to contract. KVOs voting and dispositive power over shares held in these accounts is revocable on or after December 31, 2010. |
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Kernan V. Oberting |
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(a) |
Amount beneficially owned: 1,118,651 (2) |
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(b) |
Percent of class: 6.76% |
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(c) |
Number of shares as to which the person has:
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(i) |
Sole power to vote or to direct the vote 0 |
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(ii) |
Shared power to vote or to direct the vote 1,118,651 (2) |
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(iii) |
Sole power to dispose or to direct the disposition of 0 |
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(iv) |
Shared power to dispose or to direct the disposition of 1,118,651 (2) |
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(2) Mr. Oberting is the Managing Member of KVO. By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934 (the Exchange Act), Mr. Oberting may be deemed to beneficially own all of the shares that KVO is deemed to beneficially own. Mr. Oberting disclaims beneficial ownership of any of the securities covered by this Schedule 13G. |
Robert B. Ashton |
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(a) |
Amount beneficially owned: 85,291 (3) (4) |
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(b) |
Percent of class: 0.52% |
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(c) |
Number of shares as to which the person has:
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(i) |
Sole power to vote or to direct the vote 0 |
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(ii) |
Shared power to vote or to direct the vote 85,291 (3) (4) |
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(iii) |
Sole power to dispose or to direct the disposition of 0 |
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(iv) |
Shared power to dispose or to direct the disposition of 85,291 (3) (4) |
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(3) Consists of 85,291 shares held in a private account on behalf of Mr. Ashton over which KVO has both voting and dispositive power pursuant to contract. KVOs voting and dispositive power over these shares is revocable only if Mr. Ashton terminates his employment with KVO, at which time the right to vote and dispose of those shares will revert to him. By reason of the provisions of Rule 13d-3 of the Exchange Act, Mr. Ashton may be deemed to beneficially own these shares.
(4) Does not include 1,033,360 shares held in additional private accounts over which KVO has both voting and dispositive power pursuant to contract. Though Mr. Ashton does not have actual control over the voting, acquisition or disposition of these shares, by virtue of his role a portfolio manager for KVO, he may be deemed to have effective control with respect thereto, and may be deemed to beneficially own them by reason of the provisions of Rule 13d-3 of the Exchange Act. Mr. Ashton disclaims beneficial ownership of these shares. |
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Item 5. |
Ownership of Five Percent or Less of a Class |
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . |
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Item 6. |
Ownership of More than Five Percent on Behalf of Another Person |
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If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. |
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N/A |
Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person |
If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. |
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N/A |
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Item 8. |
Identification and Classification of Members of the Group |
If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group. |
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N/A |
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Item 9. |
Notice of Dissolution of Group |
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. |
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N/A |
Item 10. |
Certification |
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. |
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.
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KVO CAPITAL MANAGEMENT, LLC |
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Dated: February 4, 2010 |
By: |
/s/ Kernan V. Oberting |
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Name: Kernan V. Oberting |
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Title: Managing Member |
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Dated: February 4, 2010 |
/s/ Kernan V. Oberting |
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Kernan V. Oberting |
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Dated: February 4, 2010 |
/s/ Robert B. Ashton |
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Robert B. Ashton |
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ATTENTION |
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Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). |
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