Orchids Paper Products
Company
|
(Name
of Issuer)
|
Common Stock, par value $.001 per
share
|
(Title
of Class of Securities)
|
68572N104
|
(CUSIP
Number)
|
(301) 340-0003
|
(Name,
Address and Telephone Number of Person
|
Authorized
to Receive Notices and
Communications)
|
June 14, 2010
|
(Date
of Event Which Requires Filing of this
Statement)
|
1
|
NAME
OF REPORTING PERSONS
|
|||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS
|
||||
Hillson
Partners LP
|
||||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
|
||
(b) ¨
|
||||
3
|
SEC
USE ONLY
|
|||
4
|
SOURCE
OF FUNDS
|
|||
WC
|
||||
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
|
|||
PURSUANT
TO ITEM 2(d) or 2(e)
|
¨
|
|||
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|||
Delaware
|
||||
NUMBER
OF
|
7
|
SOLE
VOTING POWER
|
0
|
|
SHARES
|
||||
BENEFICIALLY
|
||||
OWNED
BY
|
||||
EACH
|
||||
REPORTING
|
||||
PERSON
WITH
|
||||
8
|
SHARED
VOTING POWER
|
376,511
|
||
9
|
SOLE
DISPOSITIVE POWER
|
0
|
||
10
|
SHARED
DISPOSITIVE POWER
|
376,511
|
||
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
376,511
|
||||
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
|
|||
CERTAIN
SHARES
|
¨
|
|||
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
5.0%
|
||||
14
|
TYPE
OF REPORTING PERSON
|
|||
PN
|
1
|
NAME
OF REPORTING PERSONS
|
|||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS
|
||||
Hillson
Financial Management, Inc.
|
||||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
|
||
(b) ¨
|
||||
3
|
SEC
USE ONLY
|
|||
4
|
SOURCE
OF FUNDS
|
|||
AF
|
||||
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
|
|||
PURSUANT
TO ITEM 2(d) or 2(e)
|
¨
|
|||
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|||
Maryland
|
||||
NUMBER
OF
|
7
|
SOLE
VOTING POWER
|
0
|
|
SHARES
|
||||
BENEFICIALLY
|
||||
OWNED
BY
|
||||
EACH
|
||||
REPORTING
|
||||
PERSON
WITH
|
||||
8
|
SHARED
VOTING POWER
|
376,511
|
||
9
|
SOLE
DISPOSITIVE POWER
|
0
|
||
10
|
SHARED
DISPOSITIVE POWER
|
376,511
|
||
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
376,511
|
||||
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
|
|||
CERTAIN
SHARES
|
¨
|
|||
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
5.0%
|
||||
14
|
TYPE
OF REPORTING PERSON
|
|||
CO
|
1
|
NAME
OF REPORTING PERSONS
|
|||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS
|
||||
Hillson
Investments LLC
|
||||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
|
||
(b) ¨
|
||||
3
|
SEC
USE ONLY
|
|||
4
|
SOURCE
OF FUNDS
|
|||
AF
|
||||
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
|
|||
PURSUANT
TO ITEM 2(d) or 2(e)
|
¨
|
|||
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|||
Maryland
|
||||
NUMBER
OF
|
7
|
SOLE
VOTING POWER
|
0
|
|
SHARES
|
||||
BENEFICIALLY
|
||||
OWNED
BY
|
||||
EACH
|
||||
REPORTING
|
||||
PERSON
WITH
|
||||
8
|
SHARED
VOTING POWER
|
376,511
|
||
9
|
SOLE
DISPOSITIVE POWER
|
0
|
||
10
|
SHARED
DISPOSITIVE POWER
|
376,511
|
||
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
376,511
|
||||
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
|
|||
CERTAIN
SHARES
|
¨
|
|||
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
5.0%
|
||||
14
|
TYPE
OF REPORTING PERSON
|
|||
OO
|
1
|
NAME
OF REPORTING PERSONS
|
|||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS
|
||||
Daniel
H. Abramowitz
|
||||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) ¨
|
||
(b) ¨
|
||||
3
|
SEC
USE ONLY
|
|||
4
|
SOURCE
OF FUNDS
|
|||
OO
|
||||
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
|
|||
PURSUANT
TO ITEM 2(d) or 2(e)
|
¨
|
|||
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|||
USA
|
||||
NUMBER
OF
|
7
|
SOLE
VOTING POWER
|
0
|
|
SHARES
|
||||
BENEFICIALLY
|
||||
OWNED
BY
|
||||
EACH
|
||||
REPORTING
|
||||
PERSON
WITH
|
||||
8
|
SHARED
VOTING POWER
|
376,511
|
||
9
|
SOLE
DISPOSITIVE POWER
|
0
|
||
10
|
SHARED
DISPOSITIVE POWER
|
376,511
|
||
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
376,511
|
||||
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
|
|||
CERTAIN
SHARES
|
¨
|
|||
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
5.0%
|
||||
14
|
TYPE
OF REPORTING PERSON
|
|||
IN
|
Item
1.
|
Security
and Issuer.
|
Item
2.
|
Identity
and Background.
|
Item
3.
|
Source
and Amount of Funds or Other
Consideration.
|
Item
4.
|
Purpose
of Transaction.
|
Item
5.
|
Interest
in Securities of the Issuer.
|
Date
|
Number of Shares Acquired
|
Purchase Price per Share
|
||||||
4/29/2010
|
1,525 | $ | 14.904 | |||||
4/30/2010
|
1,500 | $ | 14.969 | |||||
5/3/2010
|
1,000 | $ | 14.728 | |||||
5/4/2010
|
1,400 | $ | 14.409 | |||||
5/5/2010
|
2,350 | $ | 14.004 | |||||
5/6/2010
|
1,044 | $ | 13.874 | |||||
5/7/2010
|
1,900 | $ | 13.831 | |||||
5/10/2010
|
3,259 | $ | 13.412 | |||||
5/11/2010
|
2,800 | $ | 13.164 | |||||
5/12/2010
|
1,200 | $ | 13.628 | |||||
5/13/2010
|
1,400 | $ | 14.013 | |||||
5/14/2010
|
1,500 | $ | 13.988 | |||||
5/17/2010
|
2,050 | $ | 14.003 | |||||
5/18/2010
|
2,400 | $ | 13.982 | |||||
5/19/2010
|
700 | $ | 13.833 | |||||
5/20/2010
|
1,385 | $ | 13.737 | |||||
5/21/2010
|
1,400 | $ | 13.728 | |||||
5/24/2010
|
1,500 | $ | 13.721 | |||||
5/25/2010
|
1,500 | $ | 13.669 | |||||
5/27/2010
|
700 | $ | 13.839 | |||||
5/28/2010
|
1,508 | $ | 13.813 | |||||
6/1/2010
|
2,000 | $ | 13.721 | |||||
6/2/2010
|
846 | $ | 13.710 | |||||
6/4/2010
|
2,500 | $ | 12.854 | |||||
6/4/2010
|
1,340 | $ | 13.150 | |||||
6/7/2010
|
1,500 | $ | 12.687 | |||||
6/7/2010
|
800 | $ | 12.803 | |||||
6/8/2010
|
2,065 | $ | 12.025 | |||||
6/8/2010
|
750 | $ | 12.183 | |||||
6/8/2010
|
500 | $ | 12.190 | |||||
6/8/2010
|
2,500 | $ | 12.424 | |||||
6/9/2010
|
1,400 | $ | 12.432 | |||||
6/10/2010
|
2,100 | $ | 12.721 | |||||
6/14/2010
|
4,859 | $ | 12.673 |
Date
|
Number of Shares Disposed Of
|
Sales Price per Share
|
||||||
4/21/2010
|
900 | $ | 18.101 | |||||
4/22/2010
|
100 | $ | 18.050 | |||||
4/23/2010
|
1,100 | $ | 18.097 | |||||
4/26/2010
|
572 | $ | 18.008 |
Item
6.
|
Contracts,
Arrangements, Understandings or Relationships With Respect to Securities
of the Issuer.
|
Item 7.
|
Material to be Filed as
Exhibits.
|
Exhibit
1
|
Joint
Filing Agreement.
|
Exhibit
2
|
Letter
to Issuer, dated June 16,
2010.
|
HILLSON
PARTNERS LP
|
||
By:
|
Hillson
Financial Management, Inc.
|
|
Its:
|
General
Partner
|
|
By:
|
/s/ Daniel H. Abramowitz
|
|
Name:
|
Daniel
H. Abramowitz
|
|
Title:
|
President
|
|
HILLSON
FINANCIAL MANAGEMENT, INC.
|
||
By:
|
/s/ Daniel H. Abramowitz
|
|
Name:
|
Daniel
H. Abramowitz
|
|
Title:
|
President
|
|
HILLSON
INVESTMENTS LLC
|
||
By:
|
/s/ Daniel H. Abramowitz
|
|
Name:
|
Daniel
H. Abramowitz
|
|
Title:
|
Member
|
|
By:
|
/s/ Daniel H. Abramowitz
|
|
DANIEL
H.
ABRAMOWITZ
|
HILLSON
PARTNERS LP
|
||
By:
|
Hillson
Financial Management, Inc.
|
|
Its:
|
General
Partner
|
|
By:
|
/s/ Daniel H. Abramowitz
|
|
Name:
|
Daniel
H. Abramowitz
|
|
Title:
|
President
|
|
HILLSON
FINANCIAL MANAGEMENT, INC.
|
||
By:
|
/s/ Daniel H. Abramowitz
|
|
Name:
|
Daniel
H. Abramowitz
|
|
Title:
|
President
|
|
HILLSON
INVESTMENTS LLC
|
||
By:
|
/s/ Daniel H. Abramowitz
|
|
Name:
|
Daniel
H. Abramowitz
|
|
Title:
|
Member
|
|
By:
|
/s/ Daniel H. Abramowitz
|
|
DANIEL
H.
ABRAMOWITZ
|