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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SEC 1745 Potential persons who are to respond to the collection of
(02-02) information contained in this form are not required to respond unless
the form displays a currently valid OMB control number.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
Interlink Electronics, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
458751104
(CUSIP Number)
February 23, 2010
(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 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. 458751104
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only)
Potomac Capital Management LLC
13-3984298
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
New York
Number of 5. Sole Voting Power
Shares 552,390(1)
Beneficially
Owned by 6. Shared Voting Power
Each 0
Reporting
Person With 7. Sole Dispositive Power
552,390(1)
8. Shared Dispositive Power
0
9. Aggregate Amount Beneficially Owned by Each Reporting Person 552,390 shares
consisting of 552,390 shares of Common Stock(1);
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
11. Percent of Class Represented by Amount in Row (9) 4.0(2)
12. Type of Reporting Person (See Instructions) HC; OO (Limited Liability
Corporation)
- ----------------------
(1) Potomac Capital Management, LLC may be deemed to hold an indirect beneficial
interest in these shares, which are directly beneficially owned by Potomac
Capital Partners I, LP. Potomac Capital Management LLC is the General Partner of
Potomac Capital Partners I, LP. Mr. Paul J. Solit is the Managing Member of
Potomac Capital Management, LLC.
(2) Based on 13,778,478 shares of the issuer's Common Stock outstanding as of
November 12 2008.
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only)
Paul J. Solit
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Citizenship or Place of Organization
U.S. Citizen
Number of 5. Sole Voting Power
Shares 10,100
Beneficially
Owned by 6. Shared Voting Power
Each 552,390
Reporting
Person With 7. Sole Dispositive Power
10,100
8. Shared Dispositive Power
552,390
9. Aggregate Amount Beneficially Owned by Each Reporting Person Shares
consisting of 562,490 shares of Common Stock;
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
11. Percent of Class Represented by Amount in Row (9) 4.0(3)
12. Type of Reporting Person (See Instructions) IN; HC
- ------------------------
(3) Based on 13,778,478 shares of the issuer's Common Stock outstanding as of
November 12 2008;
Item 1.
(a) Name of Issuer
Interlink Electronics, Inc.
(b) Address of Issuer's Principal Executive Offices
546 Flynn Road
Camarillo, CA 93012
Item 2.
(a) Name of Person Filing
Potomac Capital Management LLC
(b) Address of Principal Business Office or, if none, Residence
825 Third Avenue
33rd Floor
New York, New York 10022
(c) Citizenship
New York
(a) Name of Person Filing
Paul J. Solit
(b) Address of Principal Business Office or, if none, Residence
c/o Potomac Capital Management LLC
825 Third Avenue
33rd Floor
New York, New York 10022
(c) Citizenship
U.S. Citizen
(d) Title of Class of Securities
Common Stock, par value $0.00001 per share
(e) CUSIP Number
458751104
Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not Applicable
(a) [ ] Broker or dealer registered under Section 15 of the Exchange Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act;
(e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
POTOMAC CAPITAL MANAGEMENT LLC
(a) Amount beneficially owned:
552,390
(b) Percent of class:
4.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
552,390
(ii) Shared power to vote or to direct the vote
0
(iii) Sole power to dispose or to direct the disposition of
552,390
(iv) Shared power to dispose or to direct the disposition of
0
PAUL J. SOLIT
(a) Amount beneficially owned:
562,490
(b) Percent of class:
4.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
10,100
(ii) Shared power to vote or to direct the vote
552,390
(iii) Sole power to dispose or to direct the disposition of
10,100
(iv) Shared power to dispose or to direct the disposition of
552,390
Item 5. Ownership of Five Percent or Less of a Class
If this Statement is being filed to report the fact that as of the date hereof
the Reporting Persons have ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [X]
Item 6. Ownership of More than Five Percent on Behalf of Another Person Not
Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or Control
Person See Exhibit A attached hereto.
Item 8. Identification and Classification of Members of the Group Not
Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
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 its knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated this 25th day of February, 2010
POTOMAC CAPITAL MANAGEMENT LLC
By: /s/ Paul J. Solit
----------------------------------
Paul J. Solit, Managing Member
PAUL J. SOLIT
By: /s/ Paul J. Solit
----------------------------------
Paul J. Solit
EXHIBIT INDEX
The following exhibits are filed with this report on Schedule 13G/A:
Exhibit A Identification of entities which acquired the shares which are the
subject of this report on Schedule 13G/A.
Exhibit B Joint Filing Agreement dated February 25, 2010 among Potomac Capital
Management LLC and Paul J. Solit