CUSIP No. 74332S102
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Information to be included in statements filed pursuant to Rules 13d-1(b), (c) and (d) and
amendments thereto filed pursuant to Rule 13d-2(b)1
Progressive Gaming International Corporation
| (Name of Issuer) |
Common Stock, $.10 par value
| (Title of Class of Securities) |
74332S102
| (CUSIP Number) |
December 31, 2008
| (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)
¨ Rule 13d-1(c)
¨ Rule 13d-1(d)
| 1 |
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).
1 of 10 Pages
No Exhibit Index
CUSIP No.74332S102
| 1. | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Daniel P. Wimsatt |
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| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ |
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| 3. | SEC Use Only
|
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| 4. | Citizenship or Place of Organization
United States of America |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
5. Sole Voting Power
0 | |
| 6. Shared Voting Power
0 | ||
| 7. Sole Dispositive Power
0 | ||
| 8. Shared Dispositive Power
0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
0 |
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| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
Not Applicable |
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| 11. | Percent of Class Represented by Amount in Row (9):
0% |
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| 12. | Type of Reporting Person (See Instructions)
IN |
2 of 10 Pages
No Exhibit Index
CUSIP No. 74332S102
| 1. | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
aAd Capital LLC |
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| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ |
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| 3. | SEC Use Only
|
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| 4. | Citizenship or Place of Organization
Delaware |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
5. Sole Voting Power
0 | |
| 6. Shared Voting Power
0 | ||
| 7. Sole Dispositive Power
0 | ||
| 8. Shared Dispositive Power
0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
0 |
|||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
Not Applicable |
|||
| 11. | Percent of Class Represented by Amount in Row (9):
0% |
|||
| 12. | Type of Reporting Person (See Instructions)
OO |
3 of 10 Pages
No Exhibit Index
CUSIP No. 74332S102
| 1. | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
aAd Capital Management L.P. |
|||
| 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
Delaware |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
5. Sole Voting Power
0 | |
| 6. Shared Voting Power
0 | ||
| 7. Sole Dispositive Power
0 | ||
| 8. Shared Dispositive Power
0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
0 |
|||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
Not Applicable |
|||
| 11. | Percent of Class Represented by Amount in Row (9):
0% |
|||
| 12. | Type of Reporting Person (See Instructions)
PN, IA |
4 of 10 Pages
No Exhibit Index
CUSIP No. 74332S102
| 1. | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
aAd Partners L.P. |
|||
| 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
Delaware |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
|
5. Sole Voting Power
0 | |
| 6. Shared Voting Power
0 | ||
| 7. Sole Dispositive Power
0 | ||
| 8. Shared Dispositive Power
0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
0 |
|||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
Not Applicable |
|||
| 11. | Percent of Class Represented by Amount in Row (9):
0% |
|||
| 12. | Type of Reporting Person (See Instructions)
PN |
5 of 10 Pages
No Exhibit Index
CUSIP No. 74332S102
| Item 1. | ||||||
| (a) | Name of Issuer – Progressive Gaming International Corporation (“Company”) | |||||
| (b) | Address of Issuer’s Principal Executive Offices – 920 Pilot Road, Las Vegas, Nevada 89119 | |||||
| Item 2. | ||||||
| (a) | Name of Persons Filing – (1) Daniel P. Wimsatt (“Mr. Wimsatt”); (2) aAd Capital LLC (“aAd Capital”); (3) aAd Capital Management L.P. (“aAd Capital Management”); and (4) aAd Partners L.P. (“aAd Partners”), collectively, the “Reporting Persons,” each, a “Reporting Person.” | |||||
| (b) | Address of Principal Business Office or, if none, Residence – 420 Stevens Avenue, Suite 210, Solana Beach, California 92075 | |||||
| (c) | Citizenship – (1) United States of America; (2) Delaware; (3) Delaware; (4) Delaware | |||||
| (d) | Title of Class of Securities – Common Stock, $.10 par value, of the Company (“Issuer Common Stock” or “Shares”). | |||||
| (e) | CUSIP Number-74332S102 | |||||
| Item 3. | ||||||
| If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: | ||||||
| (a) | ¨ | Broker or dealer registered under section 15 of the Act. | ||||
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act. | ||||
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act. | ||||
| (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940. | ||||
| (e) | x | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) (as to aAd Capital Management); | ||||
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | ||||
| (g) | x | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) (as to Mr. Wimsatt and aAd Capital Management); | ||||
| (h) | ¨ | A savings associations 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 of 1940; | ||||
| (j) | ¨ | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). | ||||
6 of 10 Pages
No Exhibit Index
CUSIP No. 74332S102
| Item 4. | ||||||
| Ownership | ||||||
| (a) | Amount beneficially owned - Mr. Wimsatt is the manager of aAd Capital. aAd Capital is the general partner of aAd Capital Management L.P. aAd Capital Management L.P. is the general
partner and investment adviser of aAd Partners L.P.
As of December 31, 2008, each Reporting Person beneficially owned zero (0) shares of Issuer Common Stock.
The Reporting Persons have, within the ordinary course of business, purchased securities of the Company. The Reporting Persons have not acquired securities in the Company with the purpose, nor with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having such purpose or effect. The Reporting Persons have purchased, and may in the future purchase, shares on the open market at prevailing prices. | |||||
| (b) | Percent of class - As of December 31, 2008, each Reporting Person beneficially owned zero percent (0%) of the outstanding Issuer Common Stock. | |||||
| (c) | Number of shares as to which the person has: | |||||
| (i) | Sole power to vote or to direct voting – Each Reporting Person has the sole power to vote or to direct the vote of zero (0) Shares. | |||||
| (ii) | Shared power to vote or to direct voting – No Reporting Person has shared voting power with respect to the voting or direction of voting with respect to the Issuer Common Stock. | |||||
| (iii) | Sole power to dispose or to direct disposition – Each Reporting Person has the sole power to dispose or direct the disposition of zero (0) Shares. | |||||
| (iv) | Shared power to dispose or to direct disposition – No Reporting Person has shared power with respect to the disposition or direction to dispose of Issuer Common Stock. | |||||
7 of 10 Pages
No Exhibit Index
CUSIP No. 74332S102
| 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 person has 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. | ||
| Not applicable. | ||
| 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 acquired and are held in the ordinary course of business and 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. | ||
| Certification of aAd Partners
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. | ||
8 of 10 Pages
No Exhibit Index
CUSIP No. 74332S102
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 17, 2009
| aAd Capital LLC | ||
| By: | /s/ Daniel P. Wimsatt | |
| Title: | Manager | |
| aAd Capital Management L.P. | ||||
| By: | aAd Capital LLC, General Partner | |||
| By: | /s/ Daniel P. Wimsatt | |||
| Title: | Manager | |||
| aAd Partners L.P. | ||||||
| By: | aAd Capital Management L.P., General Partner and Investment Adviser | |||||
| By: | aAd Capital LLC, General Partner | |||||
| By: | /s/ Daniel P. Wimsatt | |||||
| Title: | Manager | |||||
| Daniel P. Wimsatt, in his individual capacity |
| /s/ Daniel P. Wimsatt |
9 of 10 Pages
No Exhibit Index
CUSIP No. 74332S102
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities and Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, $.01 par value, of Progressive Gaming International Corporation, and further agree that this Joint Filing Agreement be included as Exhibit 1. In evidence thereof, the undersigned hereby execute this agreement this 17th day of February, 2009.
| aAd Capital LLC | ||
| By: | /s/ Daniel P. Wimsatt | |
| Title: | Manager | |
| aAd Capital Management L.P. | ||||
| By: | aAd Capital LLC, General Partner | |||
| By: | /s/ Daniel P. Wimsatt | |||
| Title: | Manager | |||
| aAd Partners L.P. | ||||||
| By: | aAd Capital Management L.P., General Partner and Investment Adviser | |||||
| By: | aAd Capital LLC, General Partner | |||||
| By: | /s/ Daniel P. Wimsatt | |||||
| Title: | Manager | |||||
| Daniel P. Wimsatt, in his individual capacity |
| /s/ Daniel P. Wimsatt |
10 of 10 Pages
No Exhibit Index