SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 13)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
Intelligent Systems Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
45816D100
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(CUSIP Number)
Bonnie L. Herron
4355 Shackleford Road
Norcross, Georgia 30093
(404) 564-5504
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 3, 2009
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(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(e), Rule 13d-1(f) or Rule 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.
*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).
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CUSIP No. 45816D100
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1 NAME OF REPORTING PERSON
Clifford Nolan Burnstein
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [_] (b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
835,445
NUMBER OF
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY n/a
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 835,445
PERSON
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WITH 10 SHARED DISPOSITIVE POWER
n/a
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
835,445
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.7%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP No. 45816D100
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ITEM 1. SECURITY AND ISSUER
This statement relates to Common Stock, par value $0.01 per share
("Common Stock), of Intelligent Systems Corporation, a Georgia Corporation (the
"Issuer"), whose principal executive offices are located at 4355 Shackleford
Road, Norcross, Georgia 30093.
ITEM 2. IDENTITY AND BACKGROUND
Clifford Nolan Burnstein is an individual whose principal employment
is co-owner of Q Prime limited liability company with its principal offices
located at 729 7th Avenue New York, New York 10019.Mr. Burnstein has not
been (i) convicted in a criminal proceeding during the last five years,
(ii) a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction or (iii) 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 of
any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Mr. Burnstein acquired 635,445 shares of Common Stock for $444,811.50 in
cash pursuant to the Issuers Rights Offering on July 23 2009. The other
shares of Common Stock beneficially owned by Mr. Burnstein were acquired
as follows: 25,000 upon the merger of Intelligent Systems Master
Limited Partnership the Companys predecessor entity with the Company
in 1991 pursuant to which all record holders in the MLP exchanged their
holdings in the MLP for the same number of shares in the Company;
and an aggregate of 175,000 shares in various open market
purchases from March 1991 through June 1998 at prices ranging
from $1.25 to $6.415. All shares were acquired with personal funds.
ITEM 4. PURPOSE OF TRANSACTION
All the shares of Common Stock beneficially owned by
Mr. Burnstein have been acquired for investment.
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Mr. Burnstein currently has no plan or proposal which relates to
or would result in:
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of
its subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer or any of
its subsidiaries;
(d) Any change in the present board of directors or management of the Issuer,
including any plans or proposals to change the number or term of directors
or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend policy
of the Issuer;
(f) Any other material change in the Issuers business or corporate structure
(g) Changes in the Issuers articles of incorporation or bylaws or other
actions which may impede the acquisition or control of the Issuer by
any person;
(h) Causing the Common Stock to be delisted from a national securities exchange;
(i) The Common Stock becoming eligible for termination of registration pursuant
to Section 12(g)(4) of the Securities Exchange Act of 1934; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(a) Based on the number of shares of Common Stock outstanding as of
July 23 2009 (after giving effect to the Issuers Rights Offering
completed on that date), Mr. Burnstein may be deemed to be the
beneficial owner of 835,445 shares (9.7% of the outstanding shares).
(b)
(i) Mr. Burnstein has sole power to vote or direct the vote of,
and to dispose or direct the disposition of, 835,445 shares
identified in Item 5(a) above.
(ii) n/a
(c) Mr. Burnstein has acquired shares of Common Stock since
May 23, 2009, as follows:
Acquisition Date Number of Shares
7/23/09 635,445
Consideration Per Share Type of Acquisition
$.70 Purchased in the Issuer's registered shareholder
rights offering
(d) Not applicable
(e) Not applicable.
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Not applicable.
Item 7. Material to Be Filed as Exhibits
Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
The Reporting Persons entered into the Joint Filing Agreement. A copy of the
Joint Filing Agreement is filed herewith as Exhibit 99.1 and is incorporated by
reference thereto.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
not applicable
SIGNATURES
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: August 3, 2009
/s/ Clifford Nolan Burnstein
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Clifford Nolan Burnstein