UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
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 persons 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. |
460933104 |
13G | Page | 2 |
of | 9 |
Pages |
1. | NAMES OF REPORTING PERSONS. I.R.S. Identification Nos. of above persons (entities only). |
||||
Mast Capital Management, LLC |
|||||
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 | ||||
Delaware | |||||
5. | SOLE VOTING POWER | ||||
NUMBER OF | 1,238,825 | ||||
SHARES | 6. | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | 0 | ||||
EACH | 7. | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 1,238,825 | ||||
WITH | 8. | SHARED DISPOSITIVE POWER | |||
0 | |||||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
1,238,825 | |||||
10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
12.4% | |||||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
CO, IA |
CUSIP No. |
460933104 |
13G | Page | 3 |
of | 9 |
Pages |
1. | NAMES OF REPORTING PERSONS. I.R.S. Identification Nos. of above persons (entities only). |
||||
Christopher B. Madison |
|||||
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 | |||||
5. | SOLE VOTING POWER | ||||
NUMBER OF | 0 | ||||
SHARES | 6. | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | 1,238,825 | ||||
EACH | 7. | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 0 | ||||
WITH | 8. | SHARED DISPOSITIVE POWER | |||
1,238,825 | |||||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
1,238,825 | |||||
10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
12.4% | |||||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IN |
CUSIP No. |
460933104 |
13G | Page | 4 |
of | 9 |
Pages |
1. | NAMES OF REPORTING PERSONS. I.R.S. Identification Nos. of above persons (entities only). |
||||
David J. Steinberg |
|||||
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 | |||||
5. | SOLE VOTING POWER | ||||
NUMBER OF | 0 | ||||
SHARES | 6. | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | 1,238,825 | ||||
EACH | 7. | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 0 | ||||
WITH | 8. | SHARED DISPOSITIVE POWER | |||
1,238,825 | |||||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
1,238,825 | |||||
10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
12.4% | |||||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
IN |
CUSIP No. |
460933104 |
13G | Page | 5 |
of | 9 |
Pages |
1. | NAMES OF REPORTING PERSONS. I.R.S. Identification Nos. of above persons (entities only). |
||||
Mast Credit Opportunities I Master Fund Limited |
|||||
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 | ||||
Cayman Islands | |||||
5. | SOLE VOTING POWER | ||||
NUMBER OF | 837,830 | ||||
SHARES | 6. | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | 0 | ||||
EACH | 7. | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 837,830 | ||||
WITH | 8. | SHARED DISPOSITIVE POWER | |||
0 | |||||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
837,830 | |||||
10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
8.4% | |||||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
CO |
CUSIP No. |
460933104 |
13G | Page | 6 |
of | 9 |
Pages |
1. | NAMES OF REPORTING PERSONS. I.R.S. Identification Nos. of above persons (entities only). |
||||
Mast OC I Master Fund L.P. |
|||||
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 | ||||
Cayman Islands | |||||
5. | SOLE VOTING POWER | ||||
NUMBER OF | 400,995 | ||||
SHARES | 6. | SHARED VOTING POWER | |||
BENEFICIALLY | |||||
OWNED BY | 0 | ||||
EACH | 7. | SOLE DISPOSITIVE POWER | |||
REPORTING | |||||
PERSON | 400,995 | ||||
WITH | 8. | SHARED DISPOSITIVE POWER | |||
0 | |||||
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
400,995 | |||||
10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
o | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
4.0% | |||||
12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
PN |
CUSIP No. |
460933104 |
13G | Page | 7 |
of | 9 |
Pages |
Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
N/A. |
CUSIP No. |
460933104 |
13G | Page | 8 |
of | 9 |
Pages |
Item 4. | Ownership. | |
As of December 31, 2009, the Reporting Persons, in the
aggregate, beneficially own 1,238,825 shares of Common Stock of
the Issuer, representing approximately 12.4% of such class of
securities. The beneficial ownership of each Reporting Person
is as follows: (i) the LP beneficially owns 400,995 shares of
Common Stock of the Issuer representing approximately 4.0% of
such class, (ii) the Fund beneficially owns 837,830 shares of
Common Stock of the Issuer representing approximately 8.4% of
such class and (iii) Capital, as the investment adviser to the
Fund and the investment adviser and general partner of the LP,
and Mr. Madison and Mr. Steinberg, as the managers of Capital,
each beneficially owns 1,238,825 shares of Common Stock of the
Issuer representing 12.4% of such class. The percentage of the
Common Stock beneficially owned by each Reporting Person is
based on a total of 9,986,202 shares the Common Stock of
the Issuer outstanding as of July 31, 2009 as reported in
the most recent quarterly report of the Issuer on Form 10-Q for
the quarterly period ended June 30, 2009. The Fund and the LP each have the power to vote and dispose all of the shares of Common Stock beneficially owned by such entity (as described above). Capital, as the investment adviser of the Fund and the investment adviser and general partner of the LP, has the authority to vote and dispose of all of the shares of Common Stock beneficially owned by the Fund and the LP. Each of the Messrs. Madison and Steinberg, by virtue of his position as manager of Capital, has the authority to vote and dispose of all of the shares of Common Stock beneficially owned by the Fund and the LP. |
||
Item 5. | Ownership of Five Percent or Less of a Class | |
N/A. | ||
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. | |
N/A. | ||
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company | |
N/A. | ||
Item 8. | Identification and Classification of Members of the Group | |
N/A. | ||
Item 9. | Notice of Dissolution of Group | |
N/A. | ||
Item 10. | Certification |
MAST CAPITAL MANAGEMENT, LLC |
||||
By: | /s/ Christopher B. Madison | |||
Name: | Christopher B. Madison | |||
Title: | Manager of Mast Capital Management, LLC | |||
CHRISTOPHER B. MADISON |
||||
/s/ Christopher B. Madison | ||||
DAVID J. STEINBERG |
||||
/s/ David J. Steinberg | ||||
MAST CREDIT OPPORTUNITIES I MASTER FUND LIMITED |
||||
By: | /s/ Christopher B. Madison | |||
Name: | Christopher B. Madison | |||
Title: | Director | |||
MAST CREDIT OC I MASTER FUND L.P. |
||||
By: | /s/ Christopher B. Madison | |||
Name: | Christopher B. Madison | |||
Title: | Manager of Mast Capital Management, LLC, General Partner of Mast OC I Master Fund, L.P. | |||
MAST CAPITAL MANAGEMENT, LLC |
||||
By: | /s/ Christopher B. Madison | |||
Name: | Christopher B. Madison | |||
Title: | Manager of Mast Capital Management, LLC | |||
CHRISTOPHER B. MADISON |
||||
/s/ Christopher B. Madison | ||||
DAVID J. STEINBERG |
||||
/s/ David J. Steinberg | ||||
MAST CREDIT OPPORTUNITIES I MASTER FUND LIMITED |
||||
By: | /s/ Christopher B. Madison | |||
Name: | Christopher B. Madison | |||
Title: | Director | |||
MAST OC I MASTER FUND L.P. |
||||
By: | /s/ Christopher B. Madison | |||
Name: | Christopher B. Madison | |||
Title: | Manager of Mast Capital Management, LLC, General Partner of Mast OC I Master Fund, L.P. | |||