IMPERIAL INDUSTRIES, INC.

Common Stock, $0.01 par value

4528484001

December 29, 2011

*

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.

CUSIP No. 4528484001

13G

Page 2 of 5 Pages

  1. 

NAMES OF REPORTING PERSONS

Charles E. Cheever, III

  2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)    ¨

  3.

SEC USE ONLY

  4.

CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

5. 

SOLE VOTING POWER

    175,499

6.

SHARED VOTING POWER

    0

7.

SOLE DISPOSITIVE POWER

    175,499

8.

SHARED DISPOSITIVE POWER

    0

  9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    175,499

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ¨ 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

    6.9%

12.

TYPE OF REPORTING PERSON

    IN

Item 1

(a).

Name of Issuer:

Imperial Industries, Inc.

Item 1

(b).

Address of Issuer’s Principal Executive Offices:

1259 NW 21 ^st Street

Pompano Beach, FL 33069

Item 2

(a).

Name of Person Filing:

Charles E. Cheever, III

Item 2

(b).

Address of Principal Business Office or, if none, Residence:

65 Comstock Hill Avenue,

Norwalk, CT 06850.

Item 2

(c).

Citizenship:

United States

Item 2

(d).

Title of Class of Securities:

Common Stock, $0.01 par value

Item 2

(e).

CUSIP Number:

4528484001

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:

(a)

¨

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

¨

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

¨

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

¨

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C.. 80a-8);

(e)

¨

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

¨

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

¨

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii) (G);

(h)

¨

A saving association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

¨

A church plan that is excluded from the definition of investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);

(j)

¨

A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);

(k)

¨

Group, in accordance with §240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                      

Item 4.

Ownership

(a)

Amount Beneficially Owned:

(b)

Percent of Class: 6.9% (1)

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote:

175,499

(ii)

Shared power to vote or to direct the vote:

0

(iii)

Sole power to dispose or to direct the disposition of:

175,499

(iv)

Shared power to dispose or to direct the disposition of:

0

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 or Control Person

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.

Certifications.

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.

/s/ Charles E. Cheever, III

Charles E. Cheever, III