UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No.1)*
BOFI HOLDING, INC.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
05566U 10 8
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(CUSIP Number)
December 31, 2009
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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-l(c)
/ / Rule 13d-l(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 ("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.....................05566U 10 8
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1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Grand Slam Asset Management, LLC; IRS # 22-3779105
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2. Check the appropriate box if a group* (a) |_|
(b) |_|
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware, USA
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Number of Shares 5. Sole Voting Power 0
Beneficially ------------------------------------------------------
Reporting Person 6. Shared Voting Power 507,350
With: ------------------------------------------------------
7. Sole Dispositive Power 0
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8. Shared Dispositive Power 507,350
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
507,350
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) |_|
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11. Percent of Class Represented by Amount in Row (9)
6.2%*
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12. Type of Reporting Person (See Instructions)
IA
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* Based on 8,189,544 shares of common stock outstanding as of February 3,
2010, as reported by the issuer in its Quarterly Report on Form 10-Q for
the quarterly period ended on December 31, 2009.
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CUSIP No.....................05566U 10 8
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1. Name of Reporting Persons. I.R.S. Identification Nos. of above
persons (entities only).
Grand Slam Master Fund, Ltd.; IRS # 20-0239056
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2. Check the appropriate box if a group* (a) |_|
(b) |_|
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3. SEC Use Only
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4. Citizenship or Place of Organization
Cayman Islands
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Number of Shares 5. Sole Voting Power 0
Beneficially ------------------------------------------------------
Reporting Person 6. Shared Voting Power 507,350
With: ------------------------------------------------------
7. Sole Dispositive Power 0
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8. Shared Dispositive Power 507,350
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
507,350
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) |_|
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11. Percent of Class Represented by Amount in Row (9)
6.2%*
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12. Type of Reporting Person (See Instructions)
OO
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* Based on 8,189,544 shares of common stock outstanding as of February 3,
2010, as reported by the issuer in its Quarterly Report on Form 10-Q for
the quarterly period ended on December 31, 2009.
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CUSIP No.....................05566U 10 8
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1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only).
Mitchell Sacks
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2. Check the appropriate box if a group* (a) |_|
(b) |_|
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3. SEC Use Only
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4. Citizenship or Place of Organization
USA
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Number of Shares 5. Sole Voting Power 70,800
Beneficially ------------------------------------------------------
Reporting Person 6. Shared Voting Power 0
With: ------------------------------------------------------
7. Sole Dispositive Power 70,800
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8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
70,800
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) |_|
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11. Percent of Class Represented by Amount in Row (9)
.9%*
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12. Type of Reporting Person (See Instructions)
IN
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* Based on 8,189,544 shares of common stock outstanding as of February 3,
2010, as reported by the issuer in its Quarterly Report on Form 10-Q for
the quarterly period ended on December 31, 2009.
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Item 1.
(a) Name of the Issuer
BOFI Holding, Inc.
(b) Address of Issuer's Principal Executive Offices
12777 High Bluff Drive #100,
San Diego, CA 92130
Item 2.
(a) Name of Person Filing
(i) Grand Slam Asset Management, LLC
(ii) Grand Slam Capital Master Fund, Ltd.
(iii) Mitchell Sacks
(b) Address of Principal Business Office, or if none, Residence
(i) Grand Slam Asset Management LLC's principal business office
is:
2200 Fletcher Avenue, Fort Lee NJ 07024.
(ii) Grand Slam Capital Master Fund, Ltd.'s principal business
office is:
c/o Walkers Corporate Services Limited, Walker House,
87 Mary Street, George Town, Grand Cayman, KY1-9005,
Cayman Island.
(iii) Mitchell Sacks's principal business office is
2200 Fletcher Avenue, Fort Lee NJ 07024.
(c) Citizenship
(i) Grand Slam Asset Management, LLC - Delaware
(ii) Grand Slam Capital Master Fund, Ltd. - Cayman Islands
(iii) Mitchell Sacks - USA
(d) Title of Class of Securities
Common Stock, par value $0.01 per share
(e) CUSIP Number
05566U 10 8
Item 3. If this statement is filed pursuant to ss. 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
(c) |_| Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) |_| Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) | | An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
ss.240.13d- 1(b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) |_| A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) |_| Group, in accordance with ss.240.13d- 1(b)(1)(ii)(J);
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Item 4. Ownership.
(a)-(b) Grand Slam Capital Master Fund, Ltd. holds 507,850 shares of
Common Stock directly, representing approximately 6.2% of the
aggregate number of shares of Common Stock outstanding. Grand Slam
Asset Management, LLC serves as an investment advisor of Grand Slam
Capital Master Fund, Ltd. and may be deemed to control, directly or
indirectly, Grand Slam Capital Master Fund, Ltd. and to beneficially
own the shares of Common Stock being reported by Grand Slam Capital
Master Fund, Ltd. Mitchell Sacks, member of Grand Slam Asset
Management, LLC, has sole voting authority and sole dispositive
authority with respect to 70,800 shares of Common Stock held in
several family trusts and/or other accounts.
(c) GRAND SLAM ASSET MANAGEMENT, LLC
(i) Sole power to vote or direct the vote: 0 shares.
(ii) Shared power to vote or direct the vote of 507,850 shares.
(iii) Sole power to dispose or to direct the disposition of 0
shares.
(iv) Shared power to dispose or to direct the disposition of
507,850 shares.
GRAND SLAM CAPITAL MASTER FUND, LTD.
(i) Sole power to vote or direct the vote: 0 shares.
(ii) Shared power to vote or direct the vote of 507,850 shares.
(iii) Sole power to dispose or to direct the disposition of 0
shares.
(iv) Shared power to dispose or to direct the disposition of
507,850 shares.
MITCHELL SACKS
(i) Sole power to vote or direct the vote: 70,800 shares.
(ii) Shared power to vote or direct the vote of 0 shares.
(iii) Sole power to dispose or to direct the disposition of 70,800
shares.
(iv) Shared power to dispose or to direct the disposition of 0
shares.
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.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
By signing below we certify that, to the best of our 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.
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Date: February 12, 2010
GRAND SLAM ASSET MANAGEMENT, LLC
By: /s/ Mitchell Sacks
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Name: Mitchell Sacks
Title: Member
GRAND SLAM CAPITAL MASTER FUND, LTD.
By: /s/ Mitchell Sacks
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Name: Mitchell Sacks
Title: Director
MITCHELL SACKS
By: /s/ Mitchell Sacks
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