SEC 1745
(02-02)
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Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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SCHEDULE 13G/A
(Rule 13d-102)
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[ ]
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Rule 13d-1(b)
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[ X ]
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Rule 13d-1(c)
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[ ]
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Rule 13d-1(d)
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CUSIP No. 238134100
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1.
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Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Potomac Capital Management LLC
13-3984298
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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[ ]
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(b)
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[ ]
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
New York
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
412,372(1)
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
412,372(1)
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
412,372(1)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
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11.
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Percent of Class Represented by Amount in Row (9)
3.0%(2)
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12.
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Type of Reporting Person (See Instructions)
HC; OO (Limited Liability Company)
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1.
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Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Paul J. Solit
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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[ ]
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(b)
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[ ]
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
U.S.
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
247,723
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6.
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Shared Voting Power
412,372
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7.
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Sole Dispositive Power
247,723
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8.
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Shared Dispositive Power
412,372
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
660,095
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
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11.
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Percent of Class Represented by Amount in Row (9)
4.8%(3)
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12.
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Type of Reporting Person (See Instructions)
IN; HC
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Item 1.
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(a)
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Name of Issuer
DataTrak International, Inc.
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(b)
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Address of Issuer's Principal Executive Offices
6150 Parkland Boulevard,
Mayfield Hts., Ohio 44124
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Item 2.
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(a)
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Name of Person Filing
This statement is being filed by (i) Potomac Capital Management LLC; and (ii) Paul J. Solit
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(b)
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Address of Principal Business Office or, if none, Residence
(i), and (ii)
825 Third Avenue, 33rd Floor
New York, New York 10022
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(c)
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Citizenship
(i) New York
(ii) U.S.
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(d)
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Title of Class of Securities
Common Stock
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(e)
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CUSIP Number
238134100
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Item 4.
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Ownership
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer
identified in Item 1.
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Potomac Capital Management LLC
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(a)
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Amount beneficially owned: 412,372
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(b)
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Percent of class: 3.0%
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote 412,372
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(ii)
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Shared power to vote or to direct the vote 0
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(iii)
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Sole power to dispose or to direct the disposition of 412,372
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(iv)
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Shared power to dispose or to direct the disposition of 0
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(a)
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Amount beneficially owned: 660,095
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(b)
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Percent of class: 4.8%
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(c)
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Number of shares as to which the person has:
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Item 5.
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Ownership of Five Percent or Less of a Class
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If this Statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person
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Not Applicable. | |
Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
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See Exhibit A attached hereto. | |
Item 8.
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Identification and Classification of Members of the Group
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Not Applicable. | |
Item 9.
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Notice of Dissolution of Group
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Not Applicable. | |
Item 10.
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Certification
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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Dated this 20th Day of April, 2010
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POTOMAC CAPITAL MANAGEMENT LLC
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By:
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/s/ Paul J. Solit
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Paul J. Solit, Managing Member
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PAUL J. SOLIT | |||||
By: /s/ Paul J. Solit | |||||
Paul J. Solit |