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Filing Details

Accession Number:: 0001029744-17-000070
Form Type:: 13D Filing
Publication Date:: 2017-06-05 16:29:17

Filed By:: Burish Mark D
Company:: Sonic Foundry Inc (NASDAQ:SOFO)
Filing Date:: 2017-06-05
SEC Url:: 13D Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Mark D. Burish	551,685	0	551,685	0	551,685	11.9%

Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Sonic Foundry Inc.

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

83545R207

(CUSIP Number)

Mark D. Burish

Hurley, Burish & Stanton, S.C.

33 East Main Street, Suite 400

Madison, WI 53703

608-257-0945

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

May 30, 2017

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-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 §240.13d-7 for other parties to whom copies are to be sent.



	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 disclosures provided in a prior cover page.

The information required on 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).

CUSIP No.: 83545R207



1		NAME OF REPORTING PERSONS Mark D. Burish
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☐
3		SEC USE ONLY
4		SOURCE OF FUNDS (see instructions) 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 USA
	NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 551,685 (1)
			8	SHARED VOTING POWER 0
			9	SOLE DISPOSITIVE POWER 551,685 (1)
			10	SHARED DISPOSITIVE POWER 0
11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 551,685 (1)
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☐
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.9% (1)
14		TYPE OF REPORTING PERSON (see instructions) IN

(1) Includes 35,905 shares subject to Presently Exercisable Warrants and 14,000 shares subject to Presently Exercisable Options. Also includes 129,894 shares of the Company’s Common Stock which may be acquired by the Filing Party upon conversion of the 549.45 shares of 9% Cumulative Voting Convertible Preferred Stock, Series A (the “Preferred Stock”) purchased by the Reporting Person on May 30, 2017.



Item 1.	Security and Issuer.

This Amendment No. 1 amends the Schedule 13D dated February 14, 2017 (as amended, the “Schedule 13D”) of Mark D. Burish (the “Reporting Person”), in respect of shares of common stock, par value $0.01 per share (the “Common Stock”), of Sonic Foundry, Inc., a Maryland corporation (the “Issuer”), as follows (unless otherwise indicated, all capitalized terms used but not defined herein have the meaning ascribed to such terms in the Schedule 13D):



Item 3.	Source or Amount of Funds or Other Consideration.

Item 3 is hereby amended by adding the following paragraph at the beginning thereof:

On May 30, 2017, the Reporting Person acquired 549.45 shares of 9% Cumulative Voting Convertible Preferred Stock, Series A (the “Preferred Stock”) which may be converted into 129,894 shares of the Issuer’s Common Stock, at the option of the Reporting Person, exercisable at any time, or at the option of the Issuer, exercisable at any time after May 30, 2018. The Preferred Stock was purchased directly from the Company with the Reporting Person’s personal funds.



Item 5.	Interest in Securities of the Issuer.

Item 5 is hereby amended by replacing the paragraph contained in Item 5(a) with the following:

As of May 30, 2017 , the Reporting Person owned 551,685 shares of Common, or approximately 11.9% of the outstanding shares of Common Stock. The 551,685 shares include (1) 35,905 shares subject to Presently Exercisable Warrants, (20 14,000 shares subject to Presently Exercisable Options, and (3) includes 129,894 shares of the Company’s Common Stock which may be acquired by the Filing Party upon conversion of the 549.45 shares of the Preferred Stock purchased by the Reporting Person on May 30, 2017.

Item 5 is hereby further amended by adding the following to Item 5(c) at the beginning thereof:

On May 30, 2017, the Reporting Person acquired 549.45 shares of Preferred Stock, which may be converted into 129,894 shares of the Issuer’s Common Stock, at the option of the Reporting Person, exercisable at any time, or at the option of the Issuer, exercisable at any time after May 30, 2018. The Preferred Stock was purchased directly from the Company with the Reporting Person’s personal funds.

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.

/s/ Mark D. Burish

Mark D. Burish / Individual

June 5, 2017