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TSS, Inc. — Director's Dealing 2008
Aug 15, 2008
33106_dirs_2008-08-15_75568b5b-f1eb-4fc1-99e8-915603e3cf4d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Fortress International Group, Inc. (FIGI)
CIK: 0001320760
Period of Report: 2008-08-13
Reporting Person: KITT BARRY M (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-08-13 | Common Stock, par value $.0001 per share | S | 1100 | $1.8773 | Disposed | 934513 | Indirect |
| 2008-08-13 | Common Stock, par value $.0001 per share | S | 25000 | $1.75 | Disposed | 909513 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-08-13 | Warrants to purchase shares of Common Stock | $5 | S | 57118 | Disposed | 2009-07-12 | Common Stock, par value $.0001 per share (57118) | Indirect |
| 2008-08-14 | Warrants to purchase shares of Common Stock | $5 | S | 1750 | Disposed | 2009-07-12 | Common Stock, par value $.0001 per share (1750) | Indirect |
| 2008-08-15 | Warrants to purchase shares of Common Stock | $5 | S | 18200 | Disposed | 2009-07-12 | Common Stock, par value $.0001 per share (18200) | Indirect |
Footnotes
F1: Barry M. Kitt exercises investment discretion and control over the shares of common stock of the issuer held by The Pinnacle Fund, L.P., a Texas limited partnership ("Pinnacle"). Mr. Kitt may be deemed to be the beneficial owner of the shares of common stock beneficially owned by Pinnacle. Mr. Kitt hereby disclaims beneficial ownership of the shares of common stock reported herein to the extent of his direct or indirect pecuniary interest therein, and this Form 4 shall not be deemed to be an admission that Mr. Kitt is the beneficial owner of the shares of common stock reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F2: This Form 4 is filed on behalf of Pinnacle and Barry M. Kitt. Pinnacle Advisers, L.P. ("Advisers") is the general partner of Pinnacle. Pinnacle Fund Management, LLC ("Management") is the general partner of Advisers. Mr. Kitt is the sole member of Management.
F3: Immediately.