0001162675-09-000028.txt : 20090406
<sec-header>0001162675-09-000028.hdr.sgml : 20090406
<acceptance-datetime>20090406091809
ACCESSION NUMBER: 0001162675-09-000028
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20090406
DATE AS OF CHANGE: 20090406
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: AUTHENTIDATE HOLDING CORP
CENTRAL INDEX KEY: 0000885074
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
IRS NUMBER: 141673067
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-54235
FILM NUMBER: 09733962
BUSINESS ADDRESS:
STREET 1: CONNELL CORPORATE CENTER
STREET 2: 300 CONNELL DRIVE, 5TH FLOOR
CITY: BERKELEY HEIGHTS
STATE: NJ
ZIP: 07922
BUSINESS PHONE: 9087871700
MAIL ADDRESS:
STREET 1: CONNELL CORPORATE CENTER
STREET 2: 300 CONNELL DRIVE, 5TH FLOOR
CITY: BERKELEY HEIGHTS
STATE: NJ
ZIP: 07922
FORMER COMPANY:
FORMER CONFORMED NAME: BITWISE DESIGNS INC
DATE OF NAME CHANGE: 19930328
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: COGHILL CAPITAL MANAGEMENT LLC
CENTRAL INDEX KEY: 0001162675
IRS NUMBER: 364191886
STATE OF INCORPORATION: IL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 1 N WACKER DR
STREET 2: STE 4350
CITY: CHICAGO
STATE: IL
ZIP: 60606
BUSINESS PHONE: 3123242000
MAIL ADDRESS:
STREET 1: 1 N WACKER DR
STREET 2: STE 4350
CITY: CHICAGO
STATE: IL
ZIP: 60606
</acceptance-datetime></sec-header>
<document>
<type>SC 13D/A
</type><sequence>1
</sequence><filename>adat090403.txt
</filename><description>13D/A ON ADAT
<text>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2**)*
Authentidate Holding Corp.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
052666104
- --------------------------------------------------------------------------------
(CUSIP Number)
Clint Coghill
Coghill Capital Management
1 N Wacker Dr. Ste. #4350
Chicago, IL 60606
312-324-2000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 26, 2009
- --------------------------------------------------------------------------------
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule13d-1(e), 13d-1(f) or 13d-1(g), check the following box.
[x]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
**The reporting person is now eligible to report holdings on Schedule 13G. See
Item 4 of this Schedule 13D.
The information required on 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 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
================================================================================
<page>
- ------------------- -----------
CUSIP NO. 052666104 13D PAGE 2 OF 8
- ------------------- -----------
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
CCM Master Qualified Fund, Ltd.* 98-0363044
Coghill Capital Management, LLC.+* 36-4313801
Clint D. Coghill+*
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a)[ ]
(b)[x]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
WC
- -------- -----------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
- -------- -----------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CCM Master Qualified Fund, Ltd.* - Cayman Islands
Coghill Capital Management, LLC.+* - Delaware, USA
Clint D. Coghill+* - USA
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ------ -------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 3,436,304
OWNED BY
EACH ------ -------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH
------ -------------------------------------------
10 SHARED DISPOSITIVE POWER
3,436,304
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,436,304
- -------- -----------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
- -------- -----------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- -------- -----------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CCM Master Qualified Fund, Ltd.* - CO
Coghill Capital Management, LLC.+* - IA
Clint D. Coghill+* - IN
- --------------------------------------------------------------------------------
</page><page>
- ------------------- -----------
CUSIP NO. 052666104 13D PAGE 3 OF 8
- ------------------- -----------
Schedule 13D
Item 1. Security and Issuer.
-------------------
This statement relates to the Common Stock, of Authentidate
Holding Corp. (the "Issuer"). The address of the Issuer's principal
offices is:
300 Connell Drive, 5th Floor
Berkeley Hills, NJ 07922
Item 2. Identity and Background.
-----------------------
(a) The name of the reporting persons are: CCM Master
Qualified Fund, Ltd*, Coghill Capital Management, LLC+*, and
Clint D. Coghill+*.
(b) The address of principal business office is:
1 N. Wacker Dr. Ste. #4350
Chicago, IL 60606
(c) Coghill Capital Management LLC+*, is an SEC registered
investment advisor.
(d) During the five years prior to the date hereof, CCM
Master Qualified Fund, Ltd*, Coghill Capital Management, LLC+*, and
or Clint D. Coghill+* have not been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
(e) During the five years prior to the date hereof, CCM
Master Qualified Fund, Ltd*, Coghill Capital Management, LLC+*, and
or Clint D. Coghill+* have not been a party to a civil proceeding
ending in a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding a violation with respect to such
laws.
(f) Coghill Capital Management, LLC is incorporated in Delaware, USA.
Item 3. Source and Amount of Funds or Other Consideration.
-------------------------------------------------
Working Capital of CCM Master Qualified Fund, Ltd.*
</page><page>
- ------------------- -----------
CUSIP NO. 052666104 13D PAGE 4 OF 8
- ------------------- -----------
Item 4. Purpose of Transaction.
----------------------
As previously disclosed in our Schedule 13D/A filed on August 22,
2007, the Reporting Persons had previously been in contact with the Issuer's
Board of Directors ("Board") to express their views relating to the Issuer and
its operations. At this time, the Reporting Persons are filing this 13D/A to
disclose, among other things, that they have ceased their discussions with the
Board and no longer have any plans or proposals with respect to the Issuer.
The Reporting Persons now hold the Shares for investment purposes only in the
ordinary course of the Reporting Persons' business or investment activities,
as the case may be. Accordingly, Reporting Persons currently have no plans
or proposals relating to:
(1) an extraordinary corporate transaction, such as a merger, reorganization
or liquidation, involving the Issuer;
(2) a sale or transfer of a material amount of assets of the Issuer;
(3) any change in the present board of directors or management of the Issuer,
including any plans or proposals to change the number or term of directors or
to fill any existing vacancies on the board;
(4) any material change in the present capitalization or dividend policy of
the Issuer;
(5) any other material change in the Issuer's business or corporate structure;
(6) changes in the Issuer's charter, by-laws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
Issuer by any person;
(7) causing a class of securities of the Issuer to be delisted from a national
securities exchange or to cease to be authorized to be quoted on an
inter-dealer quotation system of a registered national securities association;
(8) a class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; and/or
(9) any action similar to those enumerated above. Any future decision of the
Reporting Persons to take any such actions with respect to the Issuer or its
securities will take into account various factors, including the prospects of
the Issuer, general market and economic conditions and other factors deemed
relevant.
Notwithstanding the foregoing, the Reporting Persons reserves the right to,
without limitation, acquire additional Shares, dispose of all or some of these
Shares from time to time, in each case in open market or private transactions,
block sales or purchases or otherwise, or may continue to hold the Shares,
depending on business and market conditions, its continuing evaluation of the
business and prospects of the Issuer and other factors.
Item 5. Interest in Securities of the Issuer.
------------------------------------
(a) CCM Master Qualified Fund, Ltd*, Coghill Capital Management,
LLC+*, and Clint D. Coghill+* have beneficial ownership of 3,436,304
shares (9.9%).
</page><page>
- ------------------- -----------
CUSIP NO. 052666104 13D PAGE 5 OF 8
- ------------------- -----------
(b) Number of Shares as to which CCM Master Qualified
Fund, Ltd*, Coghill Capital Management, LLC+*, and Clint D.
Coghill+* have:
(i) sole power to vote or to direct the vote:
0 shares of Common Stock.
(ii) shared power to vote or to direct the vote:
3,436,304 shares of Common Stock (9.9%).
(iii) sole power to dispose or to direct the disposition:
0 shares of Common Stock.
(iv) shared power to dispose or to direct the disposition:
3,436,304 shares of Common Stock (9.9%).
</page><page>
- ------------------- -----------
CUSIP NO. 052666104 13D PAGE 6 OF 8
- ------------------- -----------
(c) Transaction occurring during the past sixty days: N/A
(d) N/A
(e) N/A
Item 6. Contracts, Arrangements, Undertakings or Relationships with Respect
-------------------------------------------------------------------
to Securities of the Issuer.
---------------------------
In addition to the Shares beneficially held by the Reporting Persons,
between May 23, 2005 and March 26, 2009, the CCM Master Qualified Fund,
Ltd. (the "Master Fund") entered into certain total return equity swap
agreements (the "Swaps") with securities brokers relating to
750,578 shares in the aggregate (the "Reference Shares"). Under the
terms of these Swaps (i) the Master Fund will be obligated to pay to
the broker any capital depreciation of the Reference Shares as of
maturity, plus interest, and (ii) the broker will be obligated to pay
to the Master Fund any capital appreciation of the Reference Shares as
of maturity. Any dividends received by the broker on the Reference
Shares during the term of the Swaps will be paid to the Master Fund.
All balances will be cash settled at maturity and there will be no
transfer of voting or dispositive power over the Reference Shares.
Item 7. Material to be Filed as Exhibits.
--------------------------------
None
Explanation of Responses:
* The reporting persons disclaim beneficial ownership of the securities
except to the extent of their pecuniary interest therein.
+ Principal of the investment manager or investment manager to the
investment management entity in whose account the reported securities
are held
</page><page>
- ------------------- -----------
CUSIP NO. 052666104 13D PAGE 7 OF 8
- ------------------- -----------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: April 3, 2009
/S/ Clint D. Coghill+*
- ----------------------------
Clint D. Coghill+*
/S/ Coghill Capital Management, LLC+*
- ----------------------------
Coghill Capital Management, LLC+*
/S/ CCM Qualified Master Fund, Ltd.*
- ----------------------------
CCM Qualified Master Fund, Ltd.*
</page><page>
- ------------------- -----------
CUSIP NO. 052666104 13D PAGE 8 OF 8
- ------------------- -----------
Exhibit A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
as amended, each of the the undersigned agrees that this Schedule 13D dated
April 3, 2009 and relating to the Common Stock, par value $0.01 of AUTHENTIDATE
HOLDING CORP. (ADAT) shall be filed on behalf of the undersigned.
_____/s/ Clint D. Coghill+*_____ _________ April 3, 2009__________
Clint D. Coghill+* Date
Signature of Reporting Person
Coghill Capital Management, L.L.C.+*
__By:/s/ Clint D. Coghill+*_____ _________ April 3, 2009__________
Clint D. Coghill+* Date
Managing Member
CCM Master Qualified Fund, Ltd.*
__By:/s/ Clint D. Coghill_______ _________ April 3, 2009__________
Clint D. Coghill Date
Director
</page></text>
</description></document>
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