-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TMqPmOVbUiT86uqC8oXhW9qKWV6gYLexXJW50ZgFU+FjMzMSazRgT67wdUJfqe3u 0MLtETfGNuMcZn7kX+Gw0g== 0000890163-08-000085.txt : 20080214 0000890163-08-000085.hdr.sgml : 20080214 20080214170854 ACCESSION NUMBER: 0000890163-08-000085 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071231 FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080214 EFFECTIVENESS DATE: 20080214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Potomac Capital Management, Inc. CENTRAL INDEX KEY: 0001418746 IRS NUMBER: 133984786 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12962 FILM NUMBER: 08618643 BUSINESS ADDRESS: STREET 1: 825 THIRD AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-521-5151 MAIL ADDRESS: STREET 1: 825 THIRD AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR 1 s11-8163_13fhr.txt FORM F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2007 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Potomac Capital Management Inc. Address: 825 Third Avenue, 33rd Floor New York, New York 10022 Form 13F File Number: The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Kenneth Berkow Title: Chief Financial Officer Phone: 212-521-5151 Signature, Place, and Date of Signing: /s/ Kenneth Berkow New York, New York February 14, 2008 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 164 Form 13F Information Table Value Total: $397,079* ---------- * In Thousands List of Other Included Managers: None
FORM 13F INFORMATION TABLE FAIR MARKET TITLE VALUE SH/ SHRS OR INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (x$1000) PPN PRN AMT DISCRETION MANAGERS SOLE SHARED NONE - -------------- -------- ----- -------- --- ------- ---------- -------- ---- ------ ---- ACCESS INTEGRATED TECHNOLOGIES Common 004329108 994 SH 222,314 sole - 222,314 - - ACT TELECONFERENCING INC Warrants 000955104 1 WTS 127,272 sole - 127,272 - - ACT TELECONFERENCING INC Common 000955104 - SH 63,635 sole - 63,635 - - ADVANCED PHOTONIX INC CL A Common 00754E107 6,407 SH 3,427,918 sole - 3,427,918 - - ADVANCED PHOTONIX INC CL A Warrants 00754E107 935 WTS 500,000 sole - 500,000 - - ADVANCED TECHNOLOGY ACQU CORP Common 007556103 409 WTS 55,000 sole - 55,000 - - ALADDIN KNOWLEDGE SYSTEMS Common M0392N101 2,575 SH 98,527 sole - 98,527 - - ALLIANCE PHARMACEUTICAL CORP CORP Conv Deb 018773309 1 PRN 63,434 sole - 63,434 - - ALLOY INC Common 019855303 12,614 SH 1,339,116 sole - 1,339,116 - - AMERICAN COMMUNITY NEWSPAPERS Common 02520T103 1,388 SH 495,743 sole - 495,743 - - AMERICAN COMMUNITY NEWSPAPERS Warrants 02520T103 10,745 WTS 3,837,500 sole - 3,837,500 - - AMERIGON INC Common 03070L300 2,457 SH 116,206 sole - 116,206 - - APAC TELESERVICES INC Common 00185E106 796 SH 698,046 sole - 698,046 - - APPLIED MICRO CIRCUITS CORP Common 03822W109 1,330 SH 152,209 sole - 152,209 - - ARCADIA RESOURCES Common 039209101 6,967 SH 6,830,749 sole - 6,830,749 - - ARCADIA RESOURCES Warrants 039209101 1,071 WTS 1,050,420 sole - 1,050,420 - - ARROWHEAD RESEARCH CORPORATION Common 042797100 1,867 SH 493,846 sole - 493,846 - - ART TECHNOLOGY GROUP INC Common 04289L107 1,171 SH 271,108 sole - 271,108 - - ASCEND ACQUISITION CORP Common 04350H209 1,320 SH 200,000 sole - 200,000 - - ASCEND ACQUISITION CORP Warrants 04350H209 726 WTS 110,000 sole - 110,000 - - ASIA AUTOMOTIVE ACQUISITION Common 04519K101 451 SH 55,000 sole - 55,000 - - ASIA AUTOMOTIVE ACQUISITION Warrants 04519K101 779 WTS 95,000 sole - 95,000 - - ASPYRA INC Common 04538V104 2,590 SH 1,480,000 sole - 1,480,000 - - ATS MEDICAL INC Common 002083103 6,861 SH 3,104,410 sole - 3,104,410 - - AUDIBLE INC Common 05069A302 987 SH 110,666 sole - 110,666 - - AUTOBYTEL INC Common 05275N106 5,355 SH 1,947,350 sole - 1,947,350 - - AVANTAIR INC Common 05350T101 5,902 SH 1,113,566 sole - 1,113,566 - - AVANTAIR INC Preferred 05350T101 4,116 PRD 776,680 sole - 776,680 - - AVANTAIR INC Warrants 05350T101 2,279 WTS 430,000 sole - 430,000 - - AXESSTEL INC Common 05459T101 489 SH 1,686,926 sole - 1,686,926 - - AXS-ONE INC Common 002458107 403 SH 1,006,996 sole - 1,006,996 - - AXS-ONE INC Warrants 002458107 67 WTS 167,943 sole - 167,943 - - BAKBONE SOFTWARE INC Common 057101107 2,634 SH 2,290,200 sole - 2,290,200 - - BOOTS & COOTS INTL WELL CONTROL Common 099469504 1,893 SH 1,161,500 sole - 1,161,500 - - C&D TECHNOLOGIES INC Common 124661109 3,768 SH 570,100 sole - 570,100 - - CALLIDUS SOFTWARE INC Common 13123E500 1,871 SH 361,964 sole - 361,964 - - CAPTARIS Common 14071N104 1,909 SH 441,839 sole - 441,839 - - CAS MED SYS INC Common 124769209 3,941 SH 716,505 sole - 716,505 - - CHARLOTTE RUSE HLDG INC Common 161048103 525 SH 32,500 sole - 32,500 - - DANKA BUSINESS SYSTEMS PLC ADR Common 236277109 586 SH 3,166,054 sole - 3,166,054 - - DATATRAK INTL INC Common 238134100 1,642 SH 1,025,969 sole - 1,025,969 - - DATATRAK INTL INC Warrants 238134100 102 WTS 63,750 sole - 63,750 - - DDI CORPORATION Common 233162502 9,097 SH 1,615,837 sole - 1,615,837 - - DOLLAR THRIFTY AUTOMOTIVE Common 256743105 1,904 SH 80,400 sole - 80,400 - - ECTEL LTD Common M29925100 3,016 SH 1,050,916 sole - 1,050,916 - - EMERGENT BIOSOLUTIONS INC Common 29089Q105 4,659 SH 920,771 sole - 920,771 - - ENDWAVE CORPORATION Common 29264A206 12,107 SH 1,665,386 sole - 1,665,386 - - EQUITY MEDIA HOLDINGS CORP Warrants 294725106 330 WTS 102,000 sole - 102,000 - - EXTREME NETWORKS INC Common 30226D106 620 SH 175,000 sole - 175,000 - - FALCONSTOR SOFTWARE INC Common 306137100 4,728 SH 419,863 sole - 419,863 - - FLOW INTL CORP Common 343468104 1,388 SH 148,950 sole - 148,950 - - FX ENERGY INC Common 302695101 9,560 SH 1,683,166 sole - 1,683,166 - - FX ENERGY INC Warrants 302695101 1,136 WTS 200,000 sole - 200,000 - - GOLDLEAF FINANCIAL SOLUTIONS Common 38144H208 1,006 SH 632,670 sole - 632,670 - - GRANITE CITY FOOD & BREWERY Warrants 38724Q107 164 WTS 61,538 sole - 61,538 - - HACKETT GROUP INC Common 404609109 8,374 SH 1,730,068 sole - 1,730,068 - - HC INNOVATIONS INC Common 40413G101 2,217 SH 1,300,000 sole - 1,300,000 - - HC INNOVATIONS INC Warrants 40413G101 2,217 WTS 1,300,000 sole - 1,300,000 - - HIGHBURY FINANCIAL INC Common 42982Y109 4,592 SH 1,020,500 sole - 1,020,500 - - HIGHBURY FINANCIAL INC Warrants 42982Y109 2,329 WTS 517,500 sole - 517,500 - - HOLLYWOOD MEDIA CORP Common 436233100 4,804 SH 1,656,553 sole - 1,656,553 - - HOLLYWOOD MEDIA CORP Warrants 436233100 435 WTS 150,000 sole - 150,000 - - HUDSON HIGHLAND GROUP INC Common 443792106 4,375 SH 520,250 sole - 520,250 - - HYPERCOM CORP Common 44913M105 8,394 SH 1,685,494 sole - 1,685,494 - - IKANOS COMMUNICATIONS Common 45173E105 269 SH 50,000 sole - 50,000 - - INNOVEX INC Common 457647105 1,613 SH 1,920,041 sole - 1,920,041 - - INPLAY TECHNOLOGIES Warrants 45773L103 108 WTS 81,900 sole - 81,900 - - INSIGNIA SYS INC Common 45765Y105 2,533 SH 901,428 sole - 901,428 - - INTEGRATED MANAGEMENT INFORMATION Common 45822F107 20 SH 200,000 sole - 200,000 - - INTERLINK ELECTRONICS Common 458751104 2,265 SH 1,332,594 sole - 1,332,594 - - INTERLINK ELECTRONICS Conv Deb 458751104 1,120 PRN 658,730 sole - 658,730 - - INTERLINK ELECTRONICS Warrants 458751104 560 WTS 329,365 sole - 329,365 - - INTERNET CAPITAL GROUP INC Common 46059C205 1,593 SH 135,715 sole - 135,715 - - INYX INC Common 461868101 21 SH 1,725,000 sole - 1,725,000 - - IOMEGA CORP Common 462030305 694 SH 200,000 sole - 200,000 - - IONA TECHNOLOGIES Common 46206P109 395 SH 121,204 sole - 121,204 - - ITERIS INC Common 46564T107 1,411 SH 355,536 sole - 355,536 - - ITERIS INC Conv Deb 46564T107 1,210 PRN 1,100,000 sole - 1,100,000 - - ITERIS INC Warrants 46564T107 277 WTS 69,688 sole - 69,688 - - KANA SOFTWARE INC Common 483600300 900 SH 375,000 sole - 375,000 - - KINTERA INC Common 49720P506 2,272 SH 1,525,079 sole - 1,525,079 - - KNIGHTSCOVE MEDIA CORP Common 74823X107 383 SH 2,000,000 sole - 2,000,000 - - KNIGHTSCOVE MEDIA CORP Warrants 74823X107 192 WTS 1,000,000 sole - 1,000,000 - - LANDRYS SEAFOOD RESTAURANTS Common 51508L103 12,128 SH 615,612 sole - 615,612 - - LCC INTERNATIONAL INC Common 501810105 1,934 SH 1,194,030 sole - 1,194,030 - - LEADIS TECHNOLOGY INC Common 52171N103 2,185 SH 763,957 sole - 763,957 - - LIONBRIDGE TECHNOLOGIES INC Common 536252109 6,624 SH 1,865,920 sole - 1,865,920 - - LOOKSMART LTD Common 543442503 772 SH 241,919 sole - 241,919 - - LTX CORP Common 502392103 2,902 SH 912,725 sole - 912,725 - - MANAGEMENT NETWORK GROUP INC Common 561693102 16,031 SH 6,072,299 sole - 6,072,299 - - MATHSTAR INC Common 576801203 882 SH 1,357,600 sole - 1,357,600 - - MANHATTAN PHARMACEUTICALS Warrants 563118207 8 WTS 90,089 sole - 90,089 - - MEASUREMENT SPECIALITIES INC Common 583421102 903 SH 40,877 sole - 40,877 - - MEDICALCV INC Common 584639405 1,071 SH 714,286 sole - 714,286 - - MEDICALCV INC Warrants 584639405 605 WTS 403,569 sole - 403,569 - - MICRONETICS INC NEW Common 595125105 2,853 SH 336,888 sole - 336,888 - - NATIONAL TECHTEAM INC Common 878311109 370 SH 29,390 sole - 29,390 - - NATIONSHEALTH INC Common 63860C100 217 SH 462,413 sole - 462,413 - - NAVARRE CORP Warrants 639208107 186 WTS 89,286 sole - 89,286 - - NEWTEK BUSINESS SERVICES INC Common 652526104 2,194 SH 1,769,741 sole - 1,769,741 - - NEOSE TECHNOLOGIES INC Common 640522108 3,312 SH 3,095,075 sole - 3,095,075 - - NEOSE TECHNOLOGIES INC Warrants 640522108 358 WTS 334,158 sole - 334,158 - - NEXXUS LIGHTING Common 868042102 4,448 SH 907,807 sole - 907,807 - - NEXXUS LIGHTING Warrants 868042102 3,626 WTS 739,911 sole - 739,911 - - NUMERAX INC Common 67053A102 11,282 SH 1,367,489 sole - 1,367,489 - - OMEGA PROTEIN CORPORATION Common 68210P107 1,173 SH 126,300 sole - 126,300 - - OPENWAVE SYSTEMS INC Common 6837138308 290 SH 111,605 sole - 111,605 - - OPTIMAL GROUP INC Common 68388R208 4,240 SH 1,021,761 sole - 1,021,761 - - PACKETEER INC Common 695210104 287 SH 46,575 sole - 46,575 - - PANTHEON CHINA ACQUISITION CORP Common 698659208 1,142 SH 205,000 sole - 205,000 - - PARAMOUNT ACQUISITION CORP Warrants 69917T103 1,340 WTS 229,500 sole - 229,500 - - PHOENIX TECHNOLOGIES LTD Common 719153108 2,492 SH 193,517 sole - 193,517 - - PHYSICIANS FORMULA HOLDINGS Common 719427106 6,092 SH 512,800 sole - 512,800 - - POKERTEK INC Common 730864105 2,989 SH 385,715 sole - 385,715 - - PRESSTEK INC Common 741113104 230 SH 45,000 sole - 45,000 - - PROLINK HOLDINGS CORP Common 74340T100 539 SH 1,099,207 sole - 1,099,207 - - RADYNE CORP Common 750611402 1,347 SH 146,465 sole - 146,465 - - RAINMAKER SYSTEMS INC Common 750875304 2,081 SH 320,700 sole - 320,700 - - RAM ENERGY RESOURCES INC Common 75130P109 1,399 SH 278,592 sole - 278,592 - - RAM ENERGY RESOURCES INC Warrants 75130P109 3,543 WTS 705,815 sole - 705,815 - - RAND LOGISTICS INC Common 752182105 7,815 SH 1,211,700 sole - 1,211,700 - - REMEDENT INC Common 75954T104 2,000 SH 1,290,500 sole - 1,290,500 - - REMEDENT INC Warrants 75954T104 1,581 WTS 1,020,000 sole - 1,020,000 - - RESOURCE ASSET INVESTMENT TRUST Common 749227104 1,815 SH 210,600 sole - 210,600 - - RESTAURANT ACQUISITION CORP Common 762150109 1,744 SH 320,000 sole - 320,000 - - RICHARDSON ELECTRONICS LTD Common 763165107 2,552 SH 364,089 sole - 364,089 - - RHAPSODY ACQUISITION CORP Common 762014116 752 SH 100,000 sole - 100,000 - - RUBY TUESDAY INC Common 781182100 2,108 SH 216,200 sole - 216,200 - - SABA SOFTWARE INC Common 784932600 2,200 SH 428,072 sole - 428,072 - - SELECTICA INC Common 816288104 262 SH 145,386 sole - 145,386 - - SHOE CARNIVAL INC Common 824889109 1,141 SH 80,888 sole - 80,888 - - SILICON STORAGE TECHNOLOGY INC Common 827057100 3,539 SH 1,183,596 sole - 1,183,596 - - SONA MOBILE HLDS Common 83540T109 791 SH 1,976,632 sole - 1,976,632 - - SONA MOBILE HLDS Warrants 83540T109 282 WTS 705,031 sole - 705,031 - - SRS LABORATORIES INC Common 78464M106 3,094 SH 578,270 sole - 578,270 - - STAMPS.COM Common 852857200 1,788 SH 146,804 sole - 146,804 - - STOCKER AND YALE INC Common 86126T203 1,450 SH 1,480,050 sole - 1,480,050 - - SUMTOTAL SYSTEMS INC Common 866615107 6,668 SH 1,403,820 sole - 1,403,820 - - SUMTOTAL SYSTEMS INC Warrants 866615107 262 WTS 55,186 sole - 55,186 - - SUNRISE TELECOM INC Common 86769Y105 232 SH 112,950 sole - 112,950 - - TANZANIAN ROYALTY Common 87600U104 1,866 SH 279,800 sole - 279,800 - - TELECOMMUNICATIONS SYSTEMS INC Common 87929J103 1,531 SH 430,025 sole - 430,025 - - TELULAR CORP Common 87970T208 2,963 SH 432,482 sole - 432,482 - - TIER TECHNOLOGIES INC CL B Common 88650Q100 11,231 SH 1,321,280 sole - 1,321,280 - - TRANSFORMA ACQUISITIONS GROUP Common 89366E100 760 SH 100,000 sole - 100,000 - - TUMBLEWEED COMMUNICATIONS CORP Common 899690101 321 SH 191,300 sole - 191,300 - - UTS CHINA FORTUNE ACQUISITION Common G21098127 3,391 SH 409,500 sole - 409,500 - - UTS HYDE PARK ACQUISITION Common 448638205 5,845 SH 700,000 sole - 700,000 - - VA LINUX SYSTEMS CIN Common 83616W101 427 SH 174,097 sole - 174,097 - - VALUEVISION INTL INC Common 92047K107 3,208 SH 510,094 sole - 510,094 - - VERIFONE HOLDINGS INC Common 92342Y109 1,541 SH 66,300 sole - 66,300 - - VUBOTICS INC Common 92909L102 226 SH 2,825,471 sole - 2,825,471 - - VUBOTICS INC Warrants 92909L102 370 WTS 4,619,707 sole - 4,619,707 - - VUBOTICS INC Conv Deb 92909L102 120 PRN 150,001 sole - 150,001 - - WESTERN POWER & EQUIP CORP Common 959221102 71 SH 838,099 sole - 838,099 - - YOU BET INTERNATIONAL Common 987413101 2,187 SH 1,952,414 sole - 1,952,414 - - ZILOG INC Common 989524301 664 SH 190,755 sole - 190,755 - - CREDENCE SYSTEMS CORP Common 225302108 131 CALL 54,100 sole - 54,100 - - FX ENERGY INC Common 302695101 460 CALL 80,900 sole - 80,900 - - INPHONIC INC Common 45772G105 1 CALL 120,800 sole - 120,800 - - LANDRYS SEAFOOD RESTAURANTS Common 51508L103 2,167 CALL 110,000 sole - 110,000 - - OFFICE DEPOT INC Common 676220106 1,947 CALL 140,000 sole - 140,000 - - RUSSELL 2000 INDEX Common 12496N105 92 CALL 55,000 sole - 55,000 - - RUSSELL 2000 INDEX Common 12496N105 1,196 PUT 80,000 sole - 80,000 - - 397,079
-----END PRIVACY-ENHANCED MESSAGE-----