UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No._1)*
Veramark Technologies, Inc.
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(Name of Issuer)
Common Stock, $0.10 par value
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(Title of Class of Securities)
9233511008
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(CUSIP Number)
February 10, 2011
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|x| Rule 13d-1(c)
|_| Rule 13d-1(d)
| * | 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 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. 9233511008 13G Page 2 of 5 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Peter H. Kamin
_______________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5. SOLE VOTING POWER
SHARES 834,158
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 834,158
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
834,158
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.4%
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12. TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 9233511008 13G Page 3 of 5 Pages
Item 1(a). Name of Issuer:
Veramark Technologies, Inc.
____________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
1565 Jefferson Road, Suite 120
Rochester, NY 14623
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Item 2(a). Name of Person Filing:
Peter H. Kamin
____________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
One Avery Street, 17B, Boston, MA 02111
____________________________________________________________________
Item 2(c). Citizenship:
Mr. Kamin is a US citizen
____________________________________________________________________
Item 2(d). Title of Class of Securities:
Common Stock, $0.10 par value (the “Common Stock”)
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Item 2(e). CUSIP Number:
9233511008
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| Item 3. | If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
The person is not listed in Items 3 (a) through 3 (j)
CUSIP No. 9233511008 13G Page 4 of 5 Pages
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned: |
Mr. Kamin is the owner of 834,158 shares of Common Stock.
Mr. Kamin beneficially owns 834,158 shares of Common Stock, which represents approximately 8.4% of the shares of Common Stock issued and outstanding. This percentage is determined by dividing the number of shares beneficially held by Mr. Kamin by 9,993,576, the number of shares of Common Stock issued and outstanding as of September 30, 2010, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 12, 2010.
_____________________________________________________________________
| (b) | Percent of class: |
Mr. Kamin may direct the vote and disposition of 834,158 shares of Common Stock.
______________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following [ ].
Inapplicable
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Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Inapplicable
_____________________________________________________________________
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Inapplicable
_____________________________________________________________________
Item 8. Identification and Classification of Members of the Group.
Inapplicable
_____________________________________________________________________
Item 9. Notice of Dissolution of Group.
Inapplicable
_____________________________________________________________________
CUSIP No. 9233511008 13G Page 5 of 5 Pages
Item 10. Certifications.
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 such purpose or effect.
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.
| February 10, 2011 | |
| (Date) | |
| /s/ Peter H. Kamin | |
| (Signature) |