Sec Form 13D Filing - PATERSON BROWN TIM filing for MGT CAPITAL INVESTMENTS INC. (MGTI) - 2007-11-23

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE
COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires: January 31, 2006

 

SCHEDULE 13D

Estimated average burden hours per response. . 11

Under the Securities Exchange Act of 1934
(Amendment No.     )*

MGT Capital Investments Inc.

(Name of Issuer)

 

Common Stock, par value $0.001

(Title of Class of Securities)

 

55302P103

(CUSIP Number)

 

Tim Paterson-Brown

Kensington Centre

66 Hammersmith Road

London W14 8UD, UK

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

November 16, 2007

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* 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 disclosures provided in a prior cover page.

The information required on 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.   55302P103

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Tim Paterson-Brown

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
PF

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
United Kingdom

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
2,000,000

 

8.

Shared Voting Power
Nil

 

9.

Sole Dispositive Power
2,000,000

 

10.

Shared Dispositive Power
Nil

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,000,000

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
5.14%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

 

2



 

Item 1.

Security and Issuer

 

MGT Capital Investments Inc.

 

Common Stock, par value $0.001

Item 2.

Identity and Background

 

Tim Paterson-Brown — Chairman & Chief Executive Officer, MGT Capital Investments Inc.

 

Kensington Centre, 66 Hammersmith Road, London W14 8UD, United Kingdom

Item 3.

Source and Amount of Funds or Other Consideration

 

Cash

 

 

Item 4.

Purpose of Transaction

 

Investment

 

 

Item 5.

Interest in Securities of the Issuer

 

2,000,000 shares (5.14%)

 

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

None

 

 

Item 7.

Material to Be Filed as Exhibits

 

None

 

3



 

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.

 

November 22, 2007

 

Date

 


/s/ TIM PATERSON-BROWN

 

Signature

 


Tim Paterson-Brown

 

Name/Title

 

4