13D Filing: Piton Capital Partners Llc and Evolving Systems Inc (NASDAQ:EVOL)

Item 1.

Security and Issuer.

This statement on Schedule 13D relates to shares of common stock, par value $0.001 per share (the “Shares”), of Evolving Systems, Inc., a Delaware corporation (the “Company” or the “Issuer”). The Company’s principal executive offices are located at 9777 Pyramid Court, Suite 100, Englewood, Colorado.

 Item 2.     Identity and Background.

(a)

This Schedule 13D is being filed on behalf of Piton Capital Partners LLC (the “Reporting Person”).

(b)

The business address of the Reporting Person is:

c/o Kokino LLC

201 Tresser Boulevard, 3^rd Floor

Stamford, Connecticut 06901

Attention: Garrett Lynam

(c)

The principal business of the Reporting Person is to act as a pooled investment vehicle for various “family clients” (as defined in SEC Rule 202(a)(11)(G)-1, “Family Clients”) of Kokino LLC (“Kokino”), which is a single family office that provides investment management services only to Jonathan Sackler, his family and other Family Clients of Kokino, including the Reporting Person with respect to the Shares of the Issuer beneficially owned by the Reporting Person.

The Reporting Person is managed by its managing member, Piton Capital Management LLC, a Delaware limited liability company (“PCM”).  PCM is in turn managed by its managing member, Kokino (which is also a Delaware limited liability company).  Additionally, Kokino is the trading manager of the Reporting Person, and in that capacity Kokino acts on behalf of the Reporting Person as an agent.  Robert Averick, in his capacity as an employee of Kokino, manages the Reporting Person’s investment in the Shares.  The business address of PCM and Mr. Averick is the same as the Reporting Person’s and Kokino’s.  Also, Mr. Averick is a U.S. citizen.

(d)

Each of the Reporting Person, PCM, Kokino and Mr. Averick have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)

Each of the Reporting Person, PCM, Kokino and Mr. Averick have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.