PRECIS, INC.
 

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

PRECIS, INC.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

740184106

(CUSIP Number)

October 20, 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 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.

 

 

             
13G
CUSIP No. 740184106 Page 2 of 5 Pages
  1. Name of Reporting Person:
Rodney D. Baber		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
United States of America
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
772,419
6. Shared Voting Power:
0
7. Sole Dispositive Power:
772,419
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
772,419
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
þ
4,781(1)
  11.Percent of Class Represented by Amount in Row (9):
6.07%
  12.Type of Reporting Person:
IN

(1) Shares owned by Mrs. Baber.

 

             
13G
CUSIP No. 740184106 Page 3 of 5 Pages
             
Item 1(a).
  Name of Issuer:   PRECIS, INC.
 
            
Item 1(b).
  Address of Issuer’s Principal   2040 N. Highway 360
 
  Executive Offices:   Grand Prairie, Texas 75050
 
            
Item 2(a).
  Name of Person Filing:   Rodney D. Baber
 
            
Item 2(b).
  Address of Principal Business   50 N. Front Street, 12th Floor
 
  Office or, if none, Residence:   Memphis, Tennessee 38103
 
            
Item 2(c).
  Organization/Citizenship:   United States of America
 
            
Item 2(d).
  Title of Class 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
     772,419       6.07 %     772,419       0       772,419       0  
 
(1)   Based on 12,731,373 shares of Common Stock outstanding as of August 15, 2005 as reported on the Company’s quarterly report on Form 10-Q for the quarter ended June 30, 2005 filed with the Commission on August 15, 2005.

 

 

             
13G
CUSIP No. 740184106 Page 4 of 5 Pages
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.

 

 

             
13G
CUSIP No. 740184106 Page 5 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.
         
     
  10/26/05    
  Date   
     
 
         
     
  /s/ Rodney D. Baber    
  (Signature)
 		  
 
Rodney D. Baber
.