UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Warrant | 12/27/2007 | 06/27/2012 | Common Stock | 240,000 (3) | $ 1.36 (3) | I | By Windsong DB, LLC (4) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SWEEDLER WILLIAM 1599 POST ROAD EAST WESTPORT, CT 06880 |
 |  X |  |  |
Windsong DB, LLC 1599 POST ROAD EAST WESTPORT, CT 06880 |
 |  X |  |  |
William Sweedler, on behalf of himself and as Authorized Person on behalf of Windsong DB, LLC /s/ William Sweeder | 07/09/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | These shares of common stock of Innovo Group Inc. are directly held by Windsong DB, LLC, a portion of which may be deemed attributable to the reporting person because the reporting person holds the majority of the membership interests in Windsong DB, LLC. |
(2) | The reporting person disclaims beneficial ownership of the securities held by Windsong DB, LLC, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for the purpose of Section 16 or for any other purpose. |
(3) | The number of shares of Common Stock issuable upon exercise of the Warrant and the exercise price per share of Common Stock subject to the Warrant are subject to adjustment in the event of stock splits and similar events. |
(4) | The Warrants are directly held by Windsong DB, LLC, a portion of which may be deemed attributable to the reporting person because the reporting person holds the majority of the membership interests in Windsong DB, LLC. |