SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13D
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13D-1(A) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A)
(AMENDMENT NO. 4) (1)
RADIOLOGIX, INC.
--------------------------------------------------------------------------------
(NAME OF ISSUER)
COMMON STOCK
--------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
75040K109
--------------------------------------------------------------------------------
(CUSIP NUMBER)
JAY WOLF GARY L. HERMAN
C/O TRINAD CAPITAL MASTER FUND LTD C/O STRATEGIC TURNAROUND EQUITY PARTNERS, L.P.
2121 AVENUE OF THE STARS, SUITE 1650 720 FIFTH AVENUE, 9TH FLOOR
LOS ANGELES, CA 90067 NEW YORK, NEW YORK 10019
(310) 601-2500 (212) 247-1339
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
APRIL 20, 2006
--------------------------------------------------------------------------------
(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 Rule 13d-1(c), 13d-1(f) or 13d-1(g), check the following
box. |_|
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits.
See Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
-------------------------
(1) 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 the disclosures provided in a prior cover page.
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 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).
---------------------- ------------------------
CUSIP NO. 75040K109 13D
---------------------- ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
TRINAD CAPITAL MASTER FUND LTD 98-0447604
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,025,908
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,025,908
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,025,908
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES *
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.11% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
--------------------------------------------------------------------------------
(1) ON THE BASIS OF 22,242,417 SHARES OF COMMON STOCK REPORTED BY THE COMPANY
TO BE ISSUED AND OUTSTANDING AS OF APRIL 29, 2006 IN THE COMPANY'S LATEST
QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON MAY 4, 2006.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ------------------------
CUSIP NO. 75040K109 13D
---------------------- ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
TRINAD MANAGEMENT, LLC 20-0591302
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,025,908
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,025,908
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,025,908
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES *
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.11%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
(1) ON THE BASIS OF 22,242,417 SHARES OF COMMON STOCK REPORTED BY THE COMPANY
TO BE ISSUED AND OUTSTANDING AS OF APRIL 29, 2006 IN THE COMPANY'S LATEST
QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON MAY 4, 2006.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ------------------------
CUSIP NO. 75040K109 13D
---------------------- ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
TRINAD CAPITAL LP 20-0593276
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,955,001
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,955,001
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,955,001
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES *
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.79%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
(1) ON THE BASIS OF 22,242,417 SHARES OF COMMON STOCK REPORTED BY THE COMPANY
TO BE ISSUED AND OUTSTANDING AS OF APRIL 29, 2006 IN THE COMPANY'S LATEST
QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON MAY 4, 2006.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ------------------------
CUSIP NO. 75040K109 13D
---------------------- ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
TRINAD ADVISORS GP, LLC 20-0591650
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,955,001
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,955,001
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,955,001
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES *
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.79%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
(1) ON THE BASIS OF 22,242,417 SHARES OF COMMON STOCK REPORTED BY THE COMPANY
TO BE ISSUED AND OUTSTANDING AS OF APRIL 29, 2006 IN THE COMPANY'S LATEST
QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON MAY 4, 2006.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ------------------------
CUSIP NO. 75040K109 13D
---------------------- ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
ROBERT ELLIN N/A
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,025,908
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,025,908
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,025,908 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES *
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.11%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(1) ON THE BASIS OF 22,242,417 SHARES OF COMMON STOCK REPORTED BY THE COMPANY
TO BE ISSUED AND OUTSTANDING AS OF APRIL 29, 2006 IN THE COMPANY'S LATEST
ANNUAL REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON MAY 4, 2006.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ------------------------
CUSIP NO. 75040K109 13D
---------------------- ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
JAY WOLF N/A
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,025,908
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,025,908
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,025,908 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES *
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.11%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(1) ON THE BASIS OF 22,242,417 SHARES OF COMMON STOCK REPORTED BY THE COMPANY
TO BE ISSUED AND OUTSTANDING AS OF APRIL 29, 2006 IN THE COMPANY'S LATEST
ANNUAL REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON MAY 4, 2006.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ------------------------
CUSIP NO. 75040K109 13D
---------------------- ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
STRATEGIC TURNAROUND EQUITY PARTNERS, L.P. 90-0000833
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 254,700
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
254,700
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
254,700 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES *
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.15% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
(1) ON THE BASIS OF 22,242,417 SHARES OF COMMON STOCK REPORTED BY THE COMPANY
TO BE ISSUED AND OUTSTANDING AS OF APRIL 29, 2006 IN THE COMPANY'S LATEST
QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON MAY 4, 2006.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ------------------------
CUSIP NO. 75040K109 13D
---------------------- ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
GALLOWAY CAPITAL MANAGEMENT LLC 90-0000838
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
N/A
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 254,700
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
254,700
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
254,700 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES *
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.15% (1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
(1) ON THE BASIS OF 22,242,417 SHARES OF COMMON STOCK REPORTED BY THE COMPANY
TO BE ISSUED AND OUTSTANDING AS OF APRIL 29, 2006 IN THE COMPANY'S LATEST
QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON MAY 4, 2006.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ------------------------
CUSIP NO. 75040K109 13D
---------------------- ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
GARY L. HERMAN N/A
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
PF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
7,900(1)
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 254,700
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 7,900(1)
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
254,700
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
262,600 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES *
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.18% (2)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(1) THIS INCLUDES 5,500 SHARES OF COMMON STOCK HELD BY MR. HERMAN INDIVIDUALLY
AND 2,400 SHARES OF COMMON STOCK HELD BY GARY HERMAN, IRA.
(2) ON THE BASIS OF 22,242,417 SHARES OF COMMON STOCK REPORTED BY THE COMPANY
TO BE ISSUED AND OUTSTANDING AS OF APRIL 29, 2006 IN THE COMPANY'S LATEST
QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON MAY 4, 2006.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
---------------------- ------------------------
CUSIP NO. 75040K109 13D
---------------------- ------------------------
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY).
BRUCE GALLOWAY N/A
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) |X|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS *
PF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
389,800(1)
-----------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 254,700
OWNED BY -----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 389,800(1)
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
254,700
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
644,500 (1)
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES *
|_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.90% (2)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
(1) THIS INCLUDES 18,400 SHARES OF COMMON STOCK HELD BY MR. GALLOWAY
INDIVIDUALLY, 42,400 SHARES OF COMMON STOCK OWNED BY MR. GALLOWAY IN
CONJUNCTION WITH HIS WIFE, SARA HERBERT, 176,700 SHARES OF COMMON STOCK
HELD BY BRUCE GALLOWAY, ROLLOVER IRA, 114,300 SHARES OF COMMON STOCK HELD
BY SARA GALLOWAY, IRA, 18,000 SHARES OF COMMON STOCK HELD BY REXON
GALLOWAY CAPITAL GROWTH LLC ("REXON") AND 20,000 SHARES OF COMMON STOCK
HELD BY JACOMBS INVESTMENTS INC. ("JACOMBS"). MR. GALLOWAY DISCLAIMS ANY
BENEFICIAL OWNERSHIP OF THE 38,000 SHARES OF COMMON STOCK FOR REXON AND
JACOMBS EXCEPT TO THE EXTENT OF HIS INDIRECT BENEFICIAL OWNERSHIP AS A
HOLDER OF VOTING POWER AND HIS ABILITY TO CAUSE REXON AND JACOMBS TO
DISPOSE OF SUCH SHARES OF COMMON STOCK.
(2) ON THE BASIS OF 22,242,417 SHARES OF COMMON STOCK REPORTED BY THE COMPANY
TO BE ISSUED AND OUTSTANDING AS OF APRIL 29, 2006 IN THE COMPANY'S LATEST
QUARTERLY REPORT ON FORM 10-Q, AS FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION ON MAY 4, 2006.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
The purpose of this Amendment No. 4 to the Schedule 13D previously
filed jointly by Trinad Capital Master Fund Ltd, Trinad Management, LLC, Trinad
Capital LP, Trinad Advisors GP, LLC, Robert Ellin, Jay Wolf, Strategic
Turnaround Equity Partners, L.P., Galloway Capital Management LLC, Gary L.
Herman and Bruce Galloway (collectively, the "Reporting Persons"), on December
8, 2005 ("Schedule 13D") is to disclose the current number of shares of Common
Stock of Radiologix, Inc. Accordingly, only Items 3, 4 and 5, the only amended
Items, are reported herein.
ITEM 2. IDENTITY AND BACKGROUND.
(a) and (c)
This Amendment is being filed by:
(i) Trinad Capital Master Fund, Ltd., a Cayman Islands corporation, which
is a hedge fund dedicated to investing in micro-cap companies, with
respect to shares directly and beneficially owned by Trinad Capital
Master Fund, Ltd.
(ii) Trinad Capital LP, a Delaware limited partnership, which is principally
engaged in investing in Trinad Capital Master Fund, Ltd., with respect
to shares indirectly and beneficially owned by Trinad Capital LP. As of
the date hereof, Trinad Capital LP is the owner of 96.5% of the issued
and outstanding shares of the Trinad Capital Master Fund, Ltd.
(iii) Trinad Management, LLC, a Delaware limited liability company, which is
principally engaged in the business of managing the investments of the
Trinad Capital Master Fund, Ltd. and Trinad Capital LP, with respect to
the shares directly and beneficially owned by Trinad Capital Master
Fund, Ltd.
(iv) Trinad Advisors GP, LLC, a Delaware limited liability company and the
general partner of Trinad Capital LP, which is principally engaged in
serving as the general partner of Trinad Capital LP, with respect to
the shares directly and beneficially owned by Trinad Capital LP.
(v) Robert S. Ellin, an individual, whose principal occupation is to serve
as portfolio manager and the managing member of Trinad Advisors GP,
LLC, the general partner of Trinad Capital LP, a principal stockholder
of Trinad Capital Master Fund, Ltd., and the managing member of Trinad
Management, LLC, the manager of the Trinad Capital Master Fund, Ltd.
(vi) Jay Wolf, an individual whose principal occupation is to serve as
portfolio manager and member of Trinad Management, LLC, the manager of
the Trinad Capital Master Fund, Ltd. and a member of Trinad Advisors
GP, LLC, the general partner of Trinad Capital LP, a principal
stockholder of Trinad Capital Master Fund, Ltd.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The shares of Common Stock owned directly and indirectly by the
Reporting Persons were purchased with working capital of Trinad Capital Master
Fund Ltd. and Strategic Turnaround Equity Partners, L.P.
ITEM 4. PURPOSE OF TRANSACTION
All of the shares of Common Stock reported herein were acquired for
investment purposes.
The following table sets forth all the transactions with respect to the
shares of Common Stock not previously reported on the Schedule 13D by any of the
Reporting Persons:
On each of the following dates and at the following prices per share,
Trinad Capital Master Fund Ltd made purchases of Common Stock on the open market
with its working capital:
------------------------ ------------------------------ ------------------------
DATE NUMBER OF SHARES ACQUIRED PRICE PER SHARE
------------------------ ------------------------------ ------------------------
4/20/06 3,200 1.6222
------------------------ ------------------------------ ------------------------
4/21/06 14,100 1.6185
------------------------ ------------------------------ ------------------------
4/24/06 30,000 1.6385
------------------------ ------------------------------ ------------------------
4/26/06 10,000 1.7315
------------------------ ------------------------------ ------------------------
4/27/06 10,000 1.9315
------------------------ ------------------------------ ------------------------
4/28/06 7,900 2.1382
------------------------ ------------------------------ ------------------------
4/28/06 10,000 2.0924
------------------------ ------------------------------ ------------------------
5/10/06 10,000 2.2037
------------------------ ------------------------------ ------------------------
5/12/06 34,900 2.3249
------------------------ ------------------------------ ------------------------
5/15/06 10,000 2.3222
------------------------ ------------------------------ ------------------------
5/16/06 25,000 2.3198
------------------------ ------------------------------ ------------------------
5/16/06 15,000 2.2974
------------------------ ------------------------------ ------------------------
5/19/06 1,400 2.1656
------------------------ ------------------------------ ------------------------
5/19/06 208 2.1655
------------------------ ------------------------------ ------------------------
5/23/06 21,700 2.0400
------------------------ ------------------------------ ------------------------
5/25/06 16,400 1.9302
------------------------ ------------------------------ ------------------------
5/26/06 1,000 2.1550
------------------------ ------------------------------ ------------------------
5/26/06 22,700 2.1275
------------------------ ------------------------------ ------------------------
5/30/06 3,900 2.1838
------------------------ ------------------------------ ------------------------
5/30/06 21,100 2.2703
------------------------ ------------------------------ ------------------------
5/30/06 11,100 2.2100
------------------------ ------------------------------ ------------------------
5/31/06 3,800 2.2589
------------------------ ------------------------------ ------------------------
5/31/06 5,000 2.2752
------------------------ ------------------------------ ------------------------
5/31/06 20,000 2.3106
------------------------ ------------------------------ ------------------------
On each of the following dates and at the following prices per share,
Strategic Turnaround Equity Partners, L.P. made purchases of Common Stock on the
open purchases of Common Stock and the open market with its working capital:
--------------------- ------------------------------ ---------------------------
DATE NUMBER OF SHARES ACQUIRED PRICE PER SHARE
--------------------- ------------------------------ ---------------------------
4/21/06 14,100 1.5974
--------------------- ------------------------------ ---------------------------
4/24/06 20,000 1.6180
--------------------- ------------------------------ ---------------------------
On each of the following dates and at the following prices, Bruce
Galloway or his affiliates made purchases of Common Stock on the open market
with his personal funds.
--------------------- ------------------------------ ---------------------------
DATE NUMBER OF SHARES ACQUIRED PRICE PER SHARE
--------------------- ------------------------------ ---------------------------
5/22/06 20,000 1.9148
--------------------- ------------------------------ ---------------------------
5/31/06 2,500 2.2780
--------------------- ------------------------------ ---------------------------
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b) As of the date hereof, Trinad Capital Master Fund Ltd., Trinad
Management, LLC (as the manager of Trinad Capital Master Fund Ltd. and Trinad
Capital LP), Robert Ellin and Jay Wolf (as Managing Member and Managing
Director, respectively of Trinad Advisors GP, LLC and Trinad Management, LLC
respectively) are deemed to beneficially own an aggregate of 2,025,908 shares of
Common Stock, representing approximately 9.11% of the number of shares of Common
Stock stated to be outstanding by the Company in its Quarterly Report on Form
10-Q, as filed with the Securities and Exchange Commission on April 29, 2006.
As of the date hereof, Trinad Capital LP (as the owner of 96.5% of the shares of
Trinad Capital Master Fund, Ltd.), Trinad Management, LLC (as the manager of
Trinad Capital Master Fund Ltd. and Trinad Capital LP), Trinad Advisors GP, LLC
as a general partner of Trinad Capital LP are deemed to beneficially own an
aggregate of 1,955,001 shares of Common Stock, representing approximately 8.79%
of the number of shares of Common Stock stated to be outstanding by the Company
in its Quarterly Report on Form 10-Q, as filed with the Securities and Exchange
Commission on April 29, 2006.
Trinad Capital Master Fund Ltd. and Trinad Management, LLC are deemed to be the
direct beneficial owners of 2,025,908 shares of Common Stock. Trinad Capital LP
and Trinad Advisors GP, LLC are deemed to be the indirect beneficial owners of
1,955,001 shares of Common Stock. Robert Ellin and Jay Wolf are deemed to be the
indirect beneficial owners of 2,025,908 shares of Common Stock. Each of Trinad
Management, LLC, Trinad Capital LP and Trinad Advisors GP, LLC, Robert Ellin and
Jay Wolf disclaim beneficial ownership of the shares of Common Stock directly
beneficially owned by Trinad Capital Master Fund Ltd. (except for (i) the
indirect interest of Trinad Management, LLC by virtue of being the general
partner of Trinad Capital Master Fund Ltd, (ii) the indirect interest of Robert
Ellin and Jay Wolf by virtue of being members of Trinad Management, LLC, and
(iii) the indirect interests of Robert Ellin and Jay Wolf by virtue of being
members of Trinad Capital Master Fund Ltd). Trinad Management, LLC, Robert Ellin
and Jay Wolf have shared power to direct the vote and shared power to direct the
disposition of these shares of Common Stock.
As of the date hereof, Strategic Turnaround Equity Partners, L.P.,
Galloway Capital Management LLC (as the general partner of Strategic Turnaround
Equity Partners, L.P.), Bruce Galloway and Gary L. Herman (as a Managing Members
of Galloway Capital Management LLC) are deemed to beneficially own an aggregate
of 254,700 shares of Common Stock, representing approximately 1.15% of the
number of shares of Common Stock stated to be outstanding by the Company in its
Quarterly Report on Form 10-Q, as filed with the Securities and Exchange
Commission on April 29, 2006. Strategic Turnaround Equity Partners, L.P. is
deemed to be the direct beneficial owner of 254,700 shares of Common Stock.
Galloway Capital Management LLC is deemed to be the indirect beneficial owner of
254,700 shares of Common Stock. Bruce Galloway and Gary L. Herman are deemed to
be the indirect beneficial owners of 254,700 shares of Common Stock. Each of
Galloway Capital Management LLC, Bruce Galloway and Gary L. Herman disclaim
beneficial ownership of the shares of Common Stock directly beneficially owned
by Strategic Turnaround Equity Partners, L.P. (except for (i) the indirect
interest of Galloway Capital Management LLC by virtue of being the general
partner of Strategic Turnaround Equity Partners, L.P., (ii) the indirect
interests of Bruce Galloway and Gary L. Herman by virtue of being members of
Galloway Capital Management LLC, and (iii) the indirect interests of Bruce
Galloway and Gary L. Herman by virtue of being limited partners of Strategic
Turnaround Equity Partners, L.P.). Galloway Capital Management LLC, Gary L.
Herman and Bruce Galloway have shared power to direct the vote and shared power
to direct the disposition of these shares of Common Stock.
Of the 389,800 shares of common stock deemed to be beneficially owned
by Bruce Galloway, 18,400 shares of common stock are held by Mr. Galloway
individually, 42,400 shares of common stock are owned by Mr. Galloway in
conjunction with his wife, Sara Herbert, 176,700 shares of common stock are held
by Bruce Galloway, Rollover IRA, 114,300 shares of common stock are held by Sara
Galloway, IRA, 18,000 shares of common stock are held by Rexon Galloway Capital
Growth LLC and 20,000 shares of common stock are held by Jacombs Investments,
Inc.
Remainder of Page Intentionally Left Blank
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.
TRINAD CAPITAL MASTER FUND LTD
June 9, 2006 By:/s/ Jay Wolf
----------------------------
Name: Jay Wolf
Title: Managing Director of Trinad
Management, LLC, the General Partner of
Trinad Capital Master Fund Ltd
TRINAD MANAGEMENT, LLC
June 9, 2006 By: /s/ Jay Wolf
----------------------------
Name: Jay Wolf
Title: Managing Director
TRINAD CAPITAL LP
June 9, 2006 By: /s/ Trinad Advisors GP, LLC
----------------------------
Name: Trinad Advisors GP, LLC
Title: Trinad Capital LP's General Manager
TRINAD ADVISORS GP, LLC
June 9, 2006 By: /s/ Robert Ellin
----------------------------
Name: Trinad Advisors GP, LLC
Title: Managing Member
ROBERT ELLIN
June 9, 2006 /s/ Robert Ellin
-------------------------------
JAY WOLF
June 9, 2006 /s/ Jay Wolf
-------------------------------
STRATEGIC TURNAROUND EQUITY PARTNERS, L.P.
June 9, 2006 By:/s/ Gary L. Herman
----------------------------
Name: Gary L. Herman
Title: Managing Member of Galloway Capital
Management LLC, the General Partner of
Strategic Turnaround Equity Partners, L.P.
GALLOWAY CAPITAL MANAGEMENT LLC
June 9, 2006 By:/s/ Gary L. Herman
----------------------------
Name: Gary L. Herman
Title: Managing Member
GARY L. HERMAN
June 9, 2006 /s/ Gary L. Herman
-------------------------------
BRUCE GALLOWAY
June 9, 2006 /s/ Bruce Galloway
-------------------------------
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention. Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).