| Item 1. | |
| (a) | Name of issuer:
TransAct Technologies Inc |
| (b) | Address of issuer's principal executive offices:
One Hamden Center, 2319 Whitney Avenue, Suite 3B, Hamden, CT 06518 |
| Item 2. | |
| (a) | Name of person filing:
This Schedule 13G is jointly filed by and on behalf of each of Grand Slam Asset Management, LLC, a Delaware limited liability company ("Grand Slam Asset Management"), Grand Slam Capital Partners, LP, a Delaware limited partnership (the "Fund"), and Mitchell Sacks (collectively, the "Reporting Persons"). The Reporting Persons are filing this Schedule 13G jointly, and the agreement among the Reporting Persons to file jointly is incorporated herein by reference to Exhibit 99.1 hereof.
Grand Slam Asset Management is the investment advisor of, and may be deemed to beneficially own securities owned by, each of the Fund and certain separately managed account clients (collectively, the "Managed Accounts"). Mr. Sacks is the managing member of, and may be deemed to beneficially own securities beneficially owned by, Grand Slam Asset Management. The Fund, the Managed Accounts, and Mr. Sacks are the record and direct beneficial owners of the shares of Common Stock of the Issuer covered by this statement. The Fund disclaims beneficial ownership of the shares of Common Stock of the Issuer held by each of the Managed Accounts and Mr. Sacks.
Each Reporting Person declares that neither the filing of this Schedule 13G nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended (the "Act"), or any other purpose, the beneficial owner of any securities covered by this Schedule 13G.
Each Reporting Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purpose of Section 13(d) or 13(g) of the Act. Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purpose of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer. |
| (b) | Address or principal business office or, if none, residence:
The address of the principal business office of each Reporting Person is, c/o Grand Slam Asset Management, LLC, 600 Sylvan Ave, Suite 206, Englewood Cliffs, NJ 07632, USA. |
| (c) | Citizenship:
See Item 4 on the cover page(s) hereto. |
| (d) | Title of class of securities:
Common stock, par value $0.01 per share |
| (e) | CUSIP No.:
892918103 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (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 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership |
| (a) | Amount beneficially owned:
See Item 9 on the cover page(s) hereto. |
| (b) | Percent of class:
See Item 11 on the cover page(s) hereto. |
| (c) | Number of shares as to which the person has:
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| | (i) Sole power to vote or to direct the vote:
See Item 5 on the cover page(s) hereto.
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| | (ii) Shared power to vote or to direct the vote:
See Item 6 on the cover page(s) hereto.
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| | (iii) Sole power to dispose or to direct the disposition of:
See Item 7 on the cover page(s) hereto.
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| | (iv) Shared power to dispose or to direct the disposition of:
See Item 8 on the cover page(s) hereto.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
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Ownership of 5 percent or less of a class
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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