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Filing Details

Accession Number:: 0001357643-10-000013
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-09-21 11:38:05
Reporting Period:: 2010-09-20

Filing Date:: 2010-09-21
Accepted Time:: 2010-09-21 11:38:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
894010	Danka Business Systems Plc	DANKY	Wholesale-Professional & Commercial Equipment & Supplies (5040)	980052869

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1357643	M Andrew Weiss	29 Commonwealth Ave. Boston MA 02116		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Sponsored Ads (Each Representing 4 Ordinary	Disposition	2010-09-20	4,000,000	$0.01	4,923,028	No	4	S	Indirect	See footnote I

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote I

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Sponsored Ads (Each Representing 4 Ordinary Shares)	Commonly referred to as Total Return Swaps ("TRS")	Disposition	2010-09-20	50,000	$0.01	50,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			Yes	4	S	Indirect

Footnotes

Shares and Swaps reported herein are beneficially owned by (i) a private investment partnership of which Mr. Weiss is the Managing Member of the General Partner and (ii) a private investment corporation of which Mr. Weiss is the Managing Member of the Investment Manager (collectively, the "Weiss Entities"). Mr. Weiss disclaims beneficial ownership of the Shares and Swaps reported herein except to the extent of his pecuniary interest therein.
There is no set Conversion or Exercise Price of the Derivative Securities, which are structured as Swaps.
The Weiss Entities have entered into certain cash-settled total return swap agreements (each a "Swap") with certain counterparties. Each Swap has an indeterminate termination date and refers to a notional number of shares of Common Stock ("reference shares") of the Issuer as set forth in Table II and the applicable footnotes thereto. Under each Swap, at termination, the counterparty is obligated to pay to the Weiss Entities, and the Weiss Entities are obligated to pay the respective counterparty, in cash, amounts that are determined in part by reference to any increase or decrease between an initial reference price per share and the market value of such reference shares on the applicable termination date.
None of the Swaps provides for the Weiss Entities or the Reporting Person to have direct or indirect voting, investment or dispositive control over any reference shares and, accordingly, except to the extent of his pecuniary interest therein, the Reporting Person disclaims any beneficial ownership in any reference shares or other securities, if any, which may be owned by the counterparties to such Swaps.