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TSS, Inc. — Director's Dealing 2007
Jan 26, 2007
33106_dirs_2007-01-26_c00e2bcf-add1-45d9-b9a5-cfd1cde2e252.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Fortress America Acquisition CORP (FAAC)
CIK: 0001320760
Period of Report: 2007-01-25
Reporting Person: SONKIN PAUL D (10% Owner, see footnote #1)
Reporting Person: HUMMINGBIRD VALUE FUND LP (10% Owner, see footnote #1)
Reporting Person: HUMMINGBIRD MICROCAP VALUE FUND LP (10% Owner, see footnote #1)
Reporting Person: HUMMINGBIRD CONCENTRATED FUND LP (10% Owner, see footnote #1)
Reporting Person: HUMMINGBIRD MANAGEMENT LLC (10% Owner, see footnote #1)
Reporting Person: HUMMINGBIRD CAPITAL LLC (10% Owner, see footnote #1)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-01-25 | Common stock warrants | $5 | P | 95000 | Acquired | 2009-07-11 | Common stock (95000) | Direct |
Footnotes
F1: This Form 4 is filed jointly by Paul D. Sonkin, The Hummingbird Value Fund, L.P. ("HVF"), The Hummingbird Microcap Value Fund, L.P.("Microcap"),The Hummingbird Concentrated Fund, L.P. ("Concentrated"), Hummingbird Capital, LLC, and Hummingbird Management, LLC. Paul D. Sonkin is the Managing Member of (a) Hummingbird Capital, LLC, the general partner of HVF, Microcap, and Concentrated, and (b) Hummingbird Management, LLC, the investment manager to HVF, Microcap, and Concentrated. Accordingly, each of Paul D. Sonkin, Hummingbird Capital, LLC, and Hummingbird Management, LLC may be deemed to beneficially own the securities owned by HVF, Microcap, and Concentrated, reported herein. The Reporting Persons are members of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. In addition, Paul Sonkin owns 392,000 warrants held in his and Mrs. Sonkin's IRA accounts and has dispostive power over an additional 28,400 warrants owned in other IRA accounts.
F2: Acquired by The Hummingbird Concentrated Fund, LP.
F3: Owned directly by The Hummingbird Concentrated Fund, L.P., and indirectly by Paul D. Sonkin, Hummingbird Capital, LLC, and Hummingbird Management, LLC, each of which disclaims beneficial ownership of the securities owned by The Hummingbird Concentrated Fund, L.P., except to the extent that each such party has an interest, if any, in The Hummingbird Concentrated Fund, L.P.