Prescott Group Capital keeps betting on Modsys International Ltd (NASDAQ:MDSY), an IT modernization service provider to companies that use legacy enterprise systems with now obscure programming languages. Phil Frohlich’s hedge fund owned slightly more than 4 million shares of Modsys International at the end of the third quarter. This week, the hedge fund disclosed that it purchased more than 800K shares of MDSY over the last 3 months. These new purchases increased Prescott Group’s ownership stake to 24.8%. The details of the transaction can be seen below:
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| PRESCOTT GROUP CAPITAL MANAGEMENT | 4,849,965 | 0 | 4,849,965 | 0 | 4,849,965 | 24.8% |
| PRESCOTT GROUP AGGRESSIVE SMALL CAP | 0 | 4,849,965 | 0 | 4,849,965 | 4,849,965 | 24.8% |
| PRESCOTT GROUP AGGRESSIVE SMALL CAP II | 0 | 4,849,965 | 0 | 4,849,965 | 4,849,965 | 24.8% |
| PHIL FROHLICH | 4,849,965 | 0 | 4,849,965 | 0 | 4,849,965 | 24.8% |
Copyright: limonzest / 123RF Stock Photo
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Page 1 of 8 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE
13D/A
(Amendment No. 9)
(Rule 13d-101)
Under the Securities Exchange Act of 1934
Modsys
International Ltd.
(Name of Issuer)
Ordinary shares, NIS 0.01 par value
(Title of Class of Securities)
M70378100
(CUSIP NUMBER)
Phil Frohlich
1924 South Utica, Suite #1120
Tulsa, Oklahoma 74104-6429
(918) 747-3412
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
– with copies to –
Eliot D. Raffkind
Akin,
Gump, Strauss, Hauer & Feld, L.L.P.
1700 Pacific Avenue, Suite 4100
Dallas, Texas 75201-4618
(214) 969-2800
December 29, 2016
(Date of event which requires filing of this statement)
If the filing person has
previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e),
13d-1(f) or 13d-1(g) check the following box [X].
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, as amended (the Act), or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act.
