Sec Form 4 Filing - VERTIGO CAPITAL L P @ SUMMIT FINANCIAL SERVICES GROUP INC - 2012-12-21

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
VERTIGO CAPITAL L P
2. Issuer Name and Ticker or Trading Symbol
SUMMIT FINANCIAL SERVICES GROUP INC [ SFNS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
560 SYLVAN AVENUE, SUITE 500
3. Date of Earliest Transaction (MM/DD/YY)
12/21/2012
(Street)
ENGLEWOOD CLIFFS, NJ07632
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/21/2012 P 23,500 ( 1 ) A $ 0.72 2,145,232 ( 1 ) D ( 1 )
Common Stock 12/31/2012 S 2,145,352 ( 1 ) D $ 0.745 0 D ( 1 )
Common Stock 12/31/2012 S 112,400 ( 2 ) ( 3 ) D $ 0.745 0 D ( 2 ) ( 3 )
Common Stock 12/31/2012 S 8,000 ( 3 ) ( 4 ) D $ 0.745 0 I ( 3 ) ( 4 ) By wife ( 4 )
Common Stock 12/31/2012 S 85,900 ( 3 ) ( 5 ) D $ 0.745 0 I ( 3 ) ( 5 ) As custodian for children ( 5 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
VERTIGO CAPITAL L P
560 SYLVAN AVENUE
SUITE 500
ENGLEWOOD CLIFFS, NJ07632
X
VERTIGO MANAGEMENT LLC
560 SYLVAN AVENUE
SUITE 500
ENGLEWOOD CLIFFS, NJ07632
X
WEINER DAVID EDWARD
560 SYLVAN AVENUE
SUITE 500
ENGLEWOOD CLIFFS, NJ07632
X
Signatures
/s/ David Weiner, Chief Investment Officer and Sole Member, Vertigo Management LLC, as General Partner, VERTIGO CAPITAL L.P. 01/02/2013
Signature of Reporting Person Date
/s/ David Weiner, Chief Investment Officer and Sole Member, VERTIGO MANAGEMENT LLC 01/02/2013
Signature of Reporting Person Date
/s/ David Weiner 01/02/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares were owned directly by Vertigo Capital, L.P. ("Vertigo"), whose general partner is Vertigo Management, LLC ("Management"). David Weiner (who also individually owned other shares disclosed in this Form 4) is the sole member of Management. Accordingly Management and David Weiner also beneficially owned these shares for purposes of Section 13(d) of the Exchange Act (and may be deemed members of a "group" with Vertigo); and each also had an indirect interest in shares of the Issuer held by Vertigo. Management and David Weiner each disclaim beneficial ownership of those shares held directly by Vertigo which exceed their respective pecuniary interests.
( 2 )These shares were owned directly by David Weiner; 12,600 solely by him and 94,800 jointly with his wife.
( 3 )See Note 1 for David Weiner's indirect pecuniary ownership interest in shares which were held directly by Vertigo, and disclaimer of beneficial ownership of those shares which exceed his pecuniary interest.
( 4 )These shares were owned by David Weiner's wife.
( 5 )These shares were owned by David Weiner as custodian for two minor children, UTMA/NJ.

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