Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
SCHEDULE
13G
(Rule
13d-102)
INFORMATION
TO BE INCLUDED IN THE STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c), AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment
No. 4)*
Dyadic International,
Inc.
(Name of
Issuer)
Common Stock, par value
$.001 per share
(Title of
Class of Securities)
26745T101
(CUSIP
Number)
|
December
31, 2009
|
|
(Date
of Event Which Requires Filing of this
Statement)
|
Check the
appropriate box to designate the rule pursuant to which this Schedule is
filed:
|
o
|
Rule
13d-1(b)
|
|
þ
|
Rule
13d-1(c)
|
|
o
|
Rule
13d-1(d)
|
*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
("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).
SCHEDULE
13G
|
CUSIP
NO. 26745T101
|
Page
2 of 7
|
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
The
Pinnacle Fund, L.P., a Texas limited partnership
75-2512784
|
|||||
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)¨
(b)þ
|
||||
|
3
|
SEC
USE ONLY
|
|||||
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Texas
|
|||||
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH
|
5
|
SOLE
VOTING POWER
1,367,416
shares of Common Stock
|
||||
|
6
|
SHARED
VOTING POWER
0
|
|||||
|
7
|
SOLE
DISPOSITIVE POWER
1,367,416
shares of Common Stock
|
|||||
|
8
|
SHARED
DISPOSITIVE POWER
0
|
|||||
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,367,416
shares of Common Stock
|
|||||
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
||||
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.5%
(See Item 4)
|
|||||
|
12
|
TYPE
OF REPORTING PERSON
PN
|
|||||
SCHEDULE
13G
|
CUSIP
NO. 26745T101
|
Page
3 of 7
|
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Barry
M. Kitt
|
||||
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)¨
(b)þ
|
|||
|
3
|
SEC
USE ONLY
|
||||
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States of America
|
||||
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY EACH
REPORTING
PERSON
WITH
|
5
|
SOLE
VOTING POWER
1,367,416
shares of Common Stock
|
|||
|
6
|
SHARED
VOTING POWER
0
|
||||
|
7
|
SOLE
DISPOSITIVE POWER
1,367,416
shares of Common Stock
|
||||
|
8
|
SHARED
DISPOSITIVE POWER
0
|
||||
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,367,416
shares of Common Stock
|
||||
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|||
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.5%
(See Item 4)
|
||||
|
12
|
TYPE
OF REPORTING PERSON
IN
|
||||
SCHEDULE
13G
|
CUSIP
NO. 26745T101
|
Page
4 of 7
|
|
Item
1(a).
|
Name
of Issuer:
|
|
|
Dyadic
International, Inc. (the "Issuer")
|
||
|
Item
1(b).
|
Address
of Issuer's Principal Executive Offices:
|
|
|
140
Intracoastal Pointe Drive, Suite 404
|
||
|
Jupiter,
Florida 33477
|
||
|
Items
2(a),
|
Name of Persons Filing,
Address of Principal
Business Office and
|
|
|
(b)
and (c).
|
Citizenship:
|
|
|
This
Amendment No. 4 to Schedule 13G is being filed on behalf of The Pinnacle
Fund, L.P. and Barry M. Kitt, as joint filers (collectively, the
"Reporting Persons").
|
||
|
The
Reporting Persons have entered into a Joint Filing Agreement, a copy of
which is filed with this Amendment No. 4 to Schedule 13G as Exhibit 1,
pursuant to which the Reporting Persons have agreed to file this Amendment
No. 4 to Schedule 13G jointly in accordance with the provisions of Rule
13d-1(k) of the Securities Exchange Act of 1934, as
amended.
|
||
|
The
principal business office of the Reporting Persons is 4965 Preston Park
Blvd., Suite 240, Plano, TX 75093. For citizenship, see Item 4
of each cover page.
|
||
|
Item
2(d).
|
Title
of Class of Securities:
|
|
|
Common
Stock, par value $.001 per share (the "Common Stock")
|
||
|
Item
2(e).
|
CUSIP
Number:
|
|
|
26745T101
|
||
|
Item
3.
|
Not
applicable
|
|
|
Item
4.
|
Ownership.
|
|
|
(a)
|
Amount beneficially
owned:
|
|
|
1,367,416
shares of Common Stock*
|
||
SCHEDULE
13G
|
CUSIP
NO. 26745T101
|
Page
5 of 7
|
|
(b)
|
Percent of
class:
|
||
|
Based
on 30,151,425 shares of Common Stock of the Issuer and a warrant to
purchase 68,700 shares of Common Stock held by the Reporting Persons, the
Reporting Persons hold approximately 4.5%* of the issued and outstanding
Common Stock of the Issuer.
|
|||
|
(c)
|
Number of shares to which such person
has:
|
||
|
(i)
|
Sole
power to vote or direct the vote: 1,367,416 shares of Common
Stock *
|
||
|
(ii)
|
Shared
power to vote or direct the vote: 0
|
||
|
(iii)
|
Sole
power to dispose or to direct the disposition of: 1,367,416
shares of Common Stock *
|
||
|
(iv)
|
Shared
power to dispose of or direct the disposition of: 0
|
||
|
*This
statement is filed on behalf of Pinnacle and Barry M.
Kitt. Pinnacle Advisers, L.P. (“Advisers”) is the general
partner of Pinnacle. Pinnacle Fund Management, LLC
(“Management”) is the general partner of Advisers. Mr. Kitt is
the sole member of Management. Mr. Kitt may be deemed to be the
beneficial owner of the shares of Common Stock beneficially owned by
Pinnacle. Mr. Kitt expressly disclaims beneficial ownership of
all shares of Common Stock beneficially owned by
Pinnacle.
|
|||
|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
||
|
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
þ
|
|||
|
Item
6.
|
Ownership
of More than Five Percent on Behalf of Another Person.
|
||
|
Not
applicable
|
|||
|
Item
7.
|
Identification
and Classification of the Subsidiary Which Acquired the Security Being
Reported By the Parent Holding Company.
|
||
|
Not
applicable
|
|||
|
Item
8.
|
Identification
and Classification of Members of the Group.
|
||
|
Not
applicable
|
|||
SCHEDULE
13G
|
CUSIP
NO. 26745T101
|
Page
6 of 7
|
|
Item
9.
|
Notice
of Dissolution of a Group.
|
|
Not
applicable
|
|
|
Item
10.
|
Certification.
|
|
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.
|
SCHEDULE
13G
|
CUSIP
NO. 26745T101
|
Page
7 of 7
|
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.
|
Dated:
|
February
12, 2010
|
|
THE
PINNACLE FUND, L.P.
|
||
|
By:
Pinnacle Advisers, L.P., its general partner
|
||
|
By:
Pinnacle Fund Management, LLC, its general partner
|
||
|
By:
|
/s/
Barry M. Kitt
|
|
|
Barry
M. Kitt, its sole member
|
||
|
/s
/
Barry M. Kitt
|
||
|
Barry
M. Kitt
|
||