p11-1562sc13g.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G
(Rule 13d-102)
 
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
 
(Amendment No.   )*
 
ParkerVision, Inc.
(Name of Issuer)
 
Common stock, $0.01 par value
(Title of Class of Securities)
 
701354102
(CUSIP Number)
 
September 9, 2011
(Date of event which requires filing of this statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
 
¨
Rule 13d-1(b)
x
Rule 13d-1(c)
¨
Rule 13d-1(d)
 
(Page 1 of 11 Pages)

______________________________
*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).
 

 
 
 
CUSIP No.  701354102
 
13G
Page  2  of  11  Pages



     
1
NAMES OF REPORTING PERSONS
 
DEL MAR MASTER FUND, LTD.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) x
(b) ¨
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
-0-
 
6
SHARED VOTING POWER
8,429,571
 
7
SOLE DISPOSITIVE POWER
-0-
 
8
SHARED DISPOSITIVE POWER
8,429,571
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
8,429,571
 
10
CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
¨
11
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
12.5%
 
12
TYPE OF REPORTING PERSON
   CO
 

 

 
 
 
CUSIP No.  701354102
 
13G
Page  3  of   11  Pages



     
1
NAMES OF REPORTING PERSONS
 
DEL MAR ASSET MANAGEMENT, LP
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) x
(b) ¨
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
-0-
 
6
SHARED VOTING POWER
9,698,471
 
7
SOLE DISPOSITIVE POWER
-0-
 
8
SHARED DISPOSITIVE POWER
9,698,471
 
9
AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
9,698,471
 
10
CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
11
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
14.4%
 
12
TYPE OF REPORTING PERSON
IA
 

 

 


 
 
 
CUSIP No.  701354102
 
13G
Page  4  of   11  Pages



     
1
NAMES OF REPORTING PERSONS
 
DEL MAR MANAGEMENT, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) x
(b) ¨
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
-0-
 
6
SHARED VOTING POWER
9,698,471
 
7
SOLE DISPOSITIVE POWER
-0-
 
8
SHARED DISPOSITIVE POWER
9,698,471
 
9
AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
9,698,471
 
10
CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
11
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
14.4%
 
12
TYPE OF REPORTING PERSON
OO
 

 

 

 
 
 
CUSIP No.  701354102
 
13G
Page  5  of   11   Pages



     
1
NAMES OF REPORTING PERSONS
 
DAVID FREELOVE
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) x
(b) ¨
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
100,000
 
6
SHARED VOTING POWER
9,698,471
 
7
SOLE DISPOSITIVE POWER
100,000
 
8
SHARED DISPOSITIVE POWER
9,698,471
 
9
AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON
9,798,471
 
10
CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
11
PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
14.6%
 
12
TYPE OF REPORTING PERSON
IN
 

 

 

 
 
 
CUSIP No.  701354102
 
13G
Page  6  of   11  Pages



Item 1 (a).
NAME OF ISSUER:
   
 
The name of the issuer is ParkerVision, Inc. (the “Company”).

Item 1(b).
ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:
   
 
The Company's principal executive office is located at 7915 Baymeadow Way, Jacksonville, Florida 32256.

Item 2 (a).
NAME OF PERSON FILING:

 
This statement is filed by:
   
 
(i)
Del Mar Master Fund, Ltd., a Cayman Islands exempted company (the "Master Fund"), with respect to shares of Common Stock (as defined in Item 2(d) below) directly held by it;
   
 
(ii)
Del Mar Asset Management, LP, a Delaware limited partnership ("DMAM"), which serves as the investment manager of the Master Fund, with respect to the shares of Common Stock directly held by the Master Fund and certain trading accounts under its management (the “Accounts”, and together with the Master Fund, the “Funds”);
     
 
(iii)
Del Mar Management, LLC, a Delaware limited liability company (the "GP"), which serves as the general partner of DMAM, with respect to the shares of Common Stock directly held by the Funds; and
     
 
(iv)
Mr. David Freelove ("Mr. Freelove"), who serves as the managing member of the GP, with respect to the shares of Common Stock directly held by the Funds.
   
 
The Master Fund, DMAM, the GP and Mr. Freelove are hereinafter sometimes collectively referred to as the "Reporting Persons."  Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
   
 
The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the shares of Common Stock reported herein.


 
 
 
CUSIP No.  701354102
 
13G
Page  7  of   11   Pages



Item 2(b).
ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

 
The address of the business office of each of the Reporting Persons is 711 Fifth Avenue, New York, NY 10022.

Item 2(c).
CITIZENSHIP:

 
Each of the GP and DMAM is organized under the laws of the State of Delaware.  The Master Fund is an exempted company organized under the laws of the Cayman Islands.  Mr. Freelove is a citizen of the United States of America.

Item 2(d).
TITLE OF CLASS OF SECURITIES:
   
 
Common stock, $0.01 par value (the "Common Stock")

Item 2(e).
CUSIP NUMBER:
   
 
701354102

Item 3.
IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

 
(a)
¨
Broker or dealer registered under Section 15 of the Act,
       
 
(b)
¨
Bank as defined in Section 3(a)(6) of the Act,
       
 
(c)
¨
Insurance Company as defined in Section 3(a)(19) of the Act,
       
 
(d)
¨
Investment Company registered under Section 8 of the Investment Company Act of 1940,
       
 
(e)
¨
Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E),
       
 
(f)
¨
Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F),
       
 
(g)
¨
Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G),
       
 
(h)
¨
Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,
       
 
(i)
¨
Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940,
       
 
(j)
¨
Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
       
  (k) 
¨
 Group, in accordance with Rule 13d-1(b)(1)(ii)(J). 


 
 
 
CUSIP No.  701354102
 
13G
Page  8  of   11  Pages



 
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________

Item 4.
OWNERSHIP.

 
A.
Del Mar Master Fund, Ltd.
     
(a)
Amount beneficially owned:  8,429,571
     
(b)
Percent of class:  12.5%
       
The percentages used herein and in the rest of this Schedule 13G are calculated based upon the 67,257,081 shares of Common Stock reported by the Company in the Prospectus (as defined below) to be issued and outstanding upon competition of the offering made pursuant to the Company’s Prospectus filed pursuant to Rule 424(b)(5) on September 9, 2011 (the “Prospectus”).  According to the Current Report on Form 8-K filed by the Company on September 14, 2011, the offering was consummated on September 14, 2011.
     
(c)
 Number of shares as to which such person has:
       
(i)
Sole power to vote or direct the vote:  -0-
       
(ii)
Shared power to vote or direct the vote:  8,429,571
       
(iii)
Sole power to dispose or direct the disposition:  -0-
       
(iv)
Shared power to dispose or direct the disposition of:  8,429,571

 
B.
Del Mar Asset Management, LP
     
(a)
Amount beneficially owned:  9,698,471
     
(b)
Percent of class:  14.4%
     
(c)
 Number of shares as to which such person has:
       
(i)
Sole power to vote or direct the vote:  -0-
       
(ii)
Shared power to vote or direct the vote:  9,698,471
       
(iii)
Sole power to dispose or direct the disposition:  -0-
       
(iv)
Shared power to dispose or direct the disposition:  9,698,471

 
C.
Del Mar Management, LLC
     
(a)
Amount beneficially owned:  9,698,471
     
(b)
Percent of class:  14.4%
     
(c)
 Number of shares as to which such person has:
       
(i)
Sole power to vote or direct the vote:  -0-
       
(ii)
Shared power to vote or direct the vote:  9,698,471
       
(iii)
Sole power to dispose or direct the disposition:  -0-
       
(iv)
Shared power to dispose or direct the disposition:  9,698,471

 
D.
Mr. David Freelove
     
(a)
Amount beneficially owned:  9,798,471
     
(b)
Percent of class: 14.6%
     
(c)
 Number of shares as to which such person has:
       
(i)
Sole power to vote or direct the vote:  100,000
       
(ii)
Shared power to vote or direct the vote:  9,698,471
       
(iii)
Sole power to dispose or direct the disposition:  100,000
       
(iv)
Shared power to dispose or direct the disposition:  9,698,471


 
 
 
CUSIP No.  701354102
 
13G
Page  9  of   11   Pages



In addition to the shares of Common Stock reported herein, as of the date hereof, certain DMAM employees responsible for managing the holdings reported herein separately own an aggregate of 168,500 shares of Common Stock, representing approximately 0.3% of the outstanding shares of Common Stock.

Item 5.
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
   
 
Not applicable.

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 ON BY THE PARENT HOLDING COMPANY.
   
 
Not applicable.

Item 8.
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
   
 
See Item 2 and Exhibit 1.

Item 9.
NOTICE OF DISSOLUTION OF GROUP.
   
 
Not applicable.

Item 10.
CERTIFICATION.

 
Each of the Reporting Persons hereby makes the following 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.


 
 
 
CUSIP No.  701354102
 
13G
Page  10  of   11   Pages



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:  September 15, 2011

 
/S/ David Freelove
 
David Freelove,
 (a) individually; (b) as managing member of Del Mar Management, LLC, for itself and as the general partner of Del Mar Asset Management, LP, for itself and as the investment manager of Del Mar Master Fund, Ltd.
   

 
 
 

 
 
 
 
CUSIP No.  701354102
 
13G
Page  11  of   11   Pages



EXHIBIT 1
 
JOINT ACQUISITION STATEMENT
 
PURSUANT TO RULE 13d-1(k)
 
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements.  The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
 
DATED:  September 15, 2011

 
/S/ David Freelove
 
David Freelove,
 
(a) individually; (b) as managing member of Del Mar Management, LLC, for itself and as the general partner of Del Mar Asset Management, LP, for itself and as the investment manager of Del Mar Master Fund, Ltd.