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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934
(Amendment No. )*

PRECIS, INC
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
740184106
(CUSIP Number)
December 31, 2005
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o 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 (“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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 
 

 

                     
CUSIP No.
  
740184106 
   Page  
2 
   of   
5 

 

           
1   NAMES OF REPORTING PERSONS:
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
    Rodney D. Baber
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States of America
       
  5   SOLE VOTING POWER:
     
NUMBER OF   784,854
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   784,854
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  784,854
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): 4,781(1)
   
  þ
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  6.0%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN
(1) Shares owned by Mrs. Baber.

 

         
Item 1(a).   Name of Issuer:  
PRECIS, INC.
       
 
Item 1(b).   Address of Issuer’s Principal Executive Offices:  
2040 N. Highway 360
Grand Prairie, Texas 75050
       
 
Item 2(a).   Name of Person Filing:  
Rodney D. Baber
Item 2(b).   Address of Principal Business Office or, if none, Residence:  
50 N. Front Street,
12th Floor
Memphis, Tennessee 38103
       
 
Item 2(c).   Organization/Citizenship: Title of Class  
United States of America
       
 
Item 2(d).   Of Securities:  
Common Stock, $0.01 par value
       
 
Item 2(e).   CUSIP Number:  
740184106
       
 
Item 3.   Inapplicable.  
 
       
 
Item 4.   Ownership.  
 
                                                 
    Total Shares                                      
    of                                      
    Common                             Sole     Shared  
    Stock     Percent     Sole     Shared     Power     Power  
    Beneficially     of     Voting     Voting     to     to  
Person   Owned     Class (1)     Power     Power     Dispose     Dispose  
Rodney D. Baber
     784,854       6.0 %     784,854       0       784,854       0  
 
(1)   Based on 13,184,269 shares of Common Stock outstanding as of November 14, 2005 as reported on the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2005 filed with the Commission on November 14, 2005.

 

 

     
Item 5.  
Ownership of Five Percent or Less of a Class.
   
 
   
Inapplicable
   
 
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.
   
 
   
Inapplicable
   
 
Item 8.  
Identification and Classification of Members of the Group.
   
 
   
Inapplicable
   
 
Item 9.  
Notice of Dissolution of Group.
   
 
   
Inapplicable
   
 
Item 10.  
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.

 

 

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.
         
  02/06/2006    
  Date   
     
     
 
         
     
  /s/ Rodney D. Baber    
  (Signature)


Rodney D. Baber