Amendment No. 1 to Schedule 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

 

MEDIFAST, INC.


(Name of Issuer)

 

COMMON STOCK


(Title of Class of Securities)

 

 

58470H 10 1


                                (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:

 

¨ 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 (“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. 58470H 10 1

 

  1.  

Names of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).

 

            RNI-NV LIMITED PARTNERSHIP

   
  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  

(b)  

   
  3.  

SEC Use Only

 

   
  4.  

Citizenship or Place of Organization

 

            Nevada

   

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With:

 

  5.    Sole Voting Power

 

                1,088,830


  6.    Shared Voting Power

 

                0


  7.    Sole Dispositive Power

 

                1,088,830


  8.    Shared Dispositive Power

 

                0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,088,830

   
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

   
11.  

Percent of Class Represented by Amount in Row (9)

 

            8.5%*

   
12.  

Type of Reporting Person (See Instructions)

 

            PN

   

 

* Based upon disclosure in the issuer’s most recent quarterly report (Form 10-Q, filed with the SEC on November 9, 2005) that 12,771,791 shares of the issuer’s common stock were outstanding as of September 30, 2005.

 

Page 2 of 5 pages


Item 1.

 

(a)

  

Name of Issuer

 

MEDIFAST, INC.

         
   

(b)

  

Address of Issuer’s Principal Executive Offices

 

11445 Cronhill Drive

Owings Mills, MD 21117

         

Item 2.

 

(a)

  

Name of Person Filing

 

RNI-NV LIMITED PARTNERSHIP

         
   

(b)

  

Address of Principal Business Office or, if none, Residence

 

530 South Las Vegas Boulevard

Las Vegas, NV 89101

         
   

(c)

  

Citizenship

 

Nevada

         
   

(d)

  

Title of Class of Securities

 

Common Stock

         
   

(e)

  

CUSIP Number

 

58470H 10 1

         

Item 3.

  Not Applicable     

 

Page 3 of 5 Pages


Item 4.

  

Ownership.

 

See rows 5 through 11 of cover page

         

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 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.

         

 

Page 4 of 5 Pages


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.

 

Dated: January 30, 2006   RNI-NV LIMITED PARTNERSHIP
    By:   RNI Nevada LLC,
        Its General Partner
    By:  

The Robert N. Iwamoto Jr. Trust

dated December 30, 1988,

        Its Manager
    By:  

/s/ Robert N. Iwamoto Jr.


    Name:   Robert N. Iwamoto Jr.
    Title:   Trustee

 

Page 5 of 5 pages