UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
Under the Securities Exchange Act of 1934
Digital Transmission Systems, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
25387N 10 9
(CUSIP Number)
*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).
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CUSIP No. 25387N 10 9
1. NAME OF REPORTING PERSON(S)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S)
Sirrom Capital Corporation -- Taxpayer I.D. No. 62-1583116
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) N/A
(b) N/A
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Tennessee
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
5. SOLE VOTING POWER
Total of 390,244 shares of Common Stock only upon conversion of
$4,000,000 aggregate principal amount Subordinated Debentures,
immediately convertible at a Conversion Price of $10.25 per share.
6. SHARED VOTING POWER
N/A
7. SOLE DISPOSITIVE POWER
Total of 390,244 shares of Common Stock only upon conversion of
$4,000,000 aggregate principal amount Subordinated Debentures,
immediately convertible at a Conversion Price of $10.25 per share.
8. SHARED DISPOSITIVE POWER
N/A
<PAGE>
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Total of 390,244 shares of Common Stock only upon conversion of
$4,000,000 aggregate principal amount Subordinated Debentures,
immediately convertible at a Conversion Price of $10.25 per share.
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.63% of Common Stock
12. TYPE OF REPORTING PERSON*
IV
Item 1. (a) Name of Issuer:
Digital Transmission Systems, Inc.
(b) Address of Issuer's Principal Executive Offices:
3000 Northwoods Parkway, Building 330
Norcross, Georgia 30071
Item 2. (a) Name of Person Filing:
Sirrom Capital Corporation
(b) Address of Principal Business Office, or if None,
Residence:
500 Church Street, Suite 200
Nashville, Tennessee 37219
(c) Citizenship:
Tennessee
(d) Title of Class of Securities:
Common Stock, par value $.01 per share
(e) CUSIP Number:
25387N 10 9
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Item 3. Filing Pursuant to Rule 13d-1(b):
This statement is filed pursuant to Rule 13d-1(b). The person
filing is an Investment Company registered under Section 8 of
the Investment Company Act.
Item 4. Ownership.
If more than five percent of the class is owned, indicate:
(a) Amount beneficially owned:
Total of 390,244 shares of Common Stock only upon
conversion of $4,000,000 aggregate principal amount
Subordinated Debentures, immediately convertible at a
Conversion Price of $10.25 per
share.
(b) Percent of class:
8.63% of Common Stock
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
Total of 390,244 shares of Common Stock only
upon conversion of $4,000,000 aggregate
principal amount Subordinated Debentures,
immediately convertible at a Conversion Price
of $10.25 per share.
(ii) Shared power to vote or to direct the vote:
N/A.
(iii) Sole power to dispose or to direct the
disposition of:
Total of 390,244 shares of Common Stock only
upon conversion of $4,000,000 aggregate
principal amount Subordinated Debentures,
immediately convertible at a Conversion Price
of $10.25 per share.
(iv) Shared power to dispose or to direct the
disposition of:
N/A.
Item 5. Ownership of Five Percent or Less of a Class.
N/A
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person.
N/A
<PAGE>
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on By the Parent Holding
Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purposes or effect.
<PAGE>
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.
Date: January 10, 1998 SIRROM CAPITAL CORPORATION
By: /s/ Carl W. Stratton
Carl W. Stratton
Chief Financial Officer
