GAIA, INC — Major Shareholding Notification 2007

Apr 16, 2007

SC 13G 1 e1146670sc13g.htm SCHEDULE 13G Schedule 13G Licensed to: Hughes Hubbard & Reed LLP Document Created using EDGARizer HTML 3.0.4.0 Copyright 2006 EDGARfilings, Ltd., an IEC company. All rights reserved EDGARfilings.com

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

| Gaiam

Inc.
(Name
of Issuer)
Class
A Common Stock, $1.00 par value per share
(Title
of Class of Securities)
36268Q103
(CUSIP
Number)
April
4, 2007
(Date
of Event Which Requires Filing of this
Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule 13G 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 disclosure 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. 36268Q103 13G Page 2 of 17 Pages

| 1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only): Goodwood Inc . | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) ý | | | 3 | SEC USE ONLY | | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: Ontario, Canada | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 | | | 6 | SHARED VOTING POWER 1,044,213 | | | 7 | SOLE DISPOSITIVE POWER 0 | | | 8 | SHARED DISPOSITIVE POWER 1,044,213 | | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,044,213 | | | 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) N/A | | | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.4% | | | 12 | TYPE OF REPORTING PERSON (See Instructions) CO | |

CUSIP No. 36268Q103 13G Page 3 of 17 Pages

| 1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only): 1354037 Ontario Inc. | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) ý | | | 3 | SEC USE ONLY | | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: Ontario, Canada | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 | | | 6 | SHARED VOTING POWER 1,044,213 | | | 7 | SOLE DISPOSITIVE POWER 0 | | | 8 | SHARED DISPOSITIVE POWER 1,044,213 | | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,044,213 | | | 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) N/A | | | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.4% | | | 12 | TYPE OF REPORTING PERSON (See Instructions) CO | |

CUSIP No. 36268Q103 13G Page 4 of 17 Pages

| 1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only): Goodwood Fund | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) ý | | | 3 | SEC USE ONLY | | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: Canada | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 409,113 | | | 6 | SHARED VOTING POWER 0 | | | 7 | SOLE DISPOSITIVE POWER 409,113 | | | 8 | SHARED DISPOSITIVE POWER 0 | | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 409 ,113 | | | 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) N/A | | | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.1% | | | 12 | TYPE OF REPORTING PERSON (See Instructions) IV | |

CUSIP No. 36268Q103 13G Page 5 of 17 Pages

| 1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only): Arrow Goodwood Fund | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) ý | | | 3 | SEC USE ONLY | | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: Canada | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 145,300 | | | 6 | SHARED VOTING POWER 0 | | | 7 | SOLE DISPOSITIVE POWER 145,300 | | | 8 | SHARED DISPOSITIVE POWER 0 | | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 145,300 | | | 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) N/A | | | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0.8% | | | 12 | TYPE OF REPORTING PERSON (See Instructions) IV | |

CUSIP No. 36268Q103 13G Page 6 of 17 Pages

| 1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only): Goodwood Capital Fund | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) ý | | | 3 | SEC USE ONLY | | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: Canada | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 65,300 | | | 6 | SHARED VOTING POWER 0 | | | 7 | SOLE DISPOSITIVE POWER 65,300 | | | 8 | SHARED DISPOSITIVE POWER 0 | | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 65,300 | | | 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) N/A | | | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 0.3% | | | 12 | TYPE OF REPORTING PERSON (See Instructions) IV | |

CUSIP No. 36268Q103 13G Page 7 of 17 Pages

| 1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only): The Goodwood Fund 2.0 Ltd. | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) ý | | | 3 | SEC USE ONLY | | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 414,800 | | | 6 | SHARED VOTING POWER 0 | | | 7 | SOLE DISPOSITIVE POWER 414,800 | | | 8 | SHARED DISPOSITIVE POWER 0 | | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 414,800 | | | 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) N/A | | | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 2.2% | | | 12 | TYPE OF REPORTING PERSON (See Instructions) IV | |

CUSIP No. 36268Q103 13G Page 8 of 17 Pages

| 1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only): MSS Equity Hedge 15 | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) ý | | | 3 | SEC USE ONLY | | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 9,700 | | | 6 | SHARED VOTING POWER 0 | | | 7 | SOLE DISPOSITIVE POWER 9 ,700 | | | 8 | SHARED DISPOSITIVE POWER 0 | | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 9,700 | | | 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) N/A | | | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): Less than 0 .1% | | | 12 | TYPE OF REPORTING PERSON (See Instructions) IV | |

CUSIP No. 36268Q103 13G Page 9 of 17 Pages

| 1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only): Peter H. Puccetti | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) ý | | | 3 | SEC USE ONLY | | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: Canada | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 | | | 6 | SHARED VOTING POWER 1,044,213 | | | 7 | SOLE DISPOSITIVE POWER 0 | | | 8 | SHARED DISPOSITIVE POWER 1,044,213 | | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,044,213 | | | 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) N/A | | | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5 .4% | | | 12 | TYPE OF REPORTING PERSON (See Instructions) IN | |

CUSIP No. 36268Q103 13G Page 10 of 17 Pages

| 1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only): J. Cameron MacDonald | | | --- | --- | --- | | 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) ý | | | 3 | SEC USE ONLY | | | 4 | CITIZENSHIP OR PLACE OF ORGANIZATION: Canada | | | NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 | | | 6 | SHARED VOTING POWER 1,044,213 | | | 7 | SOLE DISPOSITIVE POWER 0 | | | 8 | SHARED DISPOSITIVE POWER 1,044,213 | | 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,044,213 | | | 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) N/A | | | 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5 .4% | | | 12 | TYPE OF REPORTING PERSON (See Instructions) IN | |

CUSIP No. 36268Q103 13G Page 11 of 17 Pages

Item 1.

(a) Name of Issuer:

Gaiam Inc.

(b) Address of Issuer's Principal Executive Offices:

360 Interlocken Boulevard, Broomfield, Colorado 80021

Item 2.

(a) Name of Person Filing:

This statement is being filed by (i) Goodwood Fund (“Fund”) with respect to class A shares of common stock, $1.00 par value per share (“Shares”), of the Issuer beneficially owned by it; (ii) Arrow Goodwood Fund (“Arrow”) with respect to Shares beneficially owned by it; (iii) Goodwood Capital Fund (“Capital Fund”) with respect to Shares beneficially owned by it; (iv) The Goodwood Fund 2.0 Ltd. (“2.0”) with respect to Shares beneficially owned by it; (v) MSS Equity Hedge 15 (“Hedge 15”) with respect to Shares beneficially owned by it; (vi) Goodwood Inc. (“Goodwood”) with respect to Shares beneficially owned by Fund, Arrow, Capital Fund, 2.0 and Hedge 15; (vii) 1354037 Ontario Inc. (“Ontario”) with respect to Shares beneficially owned by Goodwood; (viii) Peter H. Puccetti (“Puccetti”) with respect to Shares beneficially owned by Ontario and (ix) J. Cameron MacDonald (“MacDonald”) with respect to Shares beneficially owned by Ontario. Each of Goodwood, Ontario, Puccetti and MacDonald disclaims beneficial ownership of the securities covered by this statement.

(b) Address of Principal Business Office or, if none, Residence:

The principal business address of Fund, Capital Fund, Arrow, 2.0, Hedge 15, Goodwood, Ontario, Puccetti and MacDonald is 212 King Street West, Suite 201, Toronto, Canada M5H 1K5.

(c) Citizenship:

Each of Fund, Arrow and Capital Fund is a Canadian mutual fund trust and each of 2.0 and Hedge 15 is a Cayman Islands limited liability company. Each of Puccetti and MacDonald is a Canadian citizen. Each of Ontario and Goodwood is an Ontario corporation.

(d) Title of Class of Securities:

Class A Common Stock, $1.00 par value per share.

(e) CUSIP Number:

36268Q103

ITEM 3.

Not Applicable.

ITEM 4. Ownership

The percentages used herein are calculated based upon the 19,250,276 Shares issued and outstanding as of March 12, 2007, as reported on the Issuer’s Annual Report on Form 10-K with respect to the fiscal year ended December 31, 2006, as filed with the Securities and Exchange Commission.

CUSIP No. 36268Q103 13G Page 12 of 17 Pages

As of April 4, 2007:

1. Goodwood Inc.

(a) Amount beneficially owned: 1,044,213

(b) Percent of class: 5.4%

(c) (i) Sole power to vote or direct the vote: 0

(ii) Shared power to vote or direct the vote: 1,044,213

(iii) Sole power to dispose or direct the disposition: 0

(iv) Shared power to dispose or direct the disposition: 1,044,213

1. 1354037 Ontario Inc.

(a) Amount beneficially owned: 1,044,213

(b) Percent of class: 5.4%

(c) (i) Sole power to vote or direct the vote: 0

(ii) Shared power to vote or direct the vote: 1,044,213

(iii) Sole power to dispose or direct the disposition: 0

(iv) Shared power to dispose or direct the disposition: 1,044,213

1. Goodwood Fund

(a) Amount beneficially owned: 409,113

(b) Percent of class: 2.1%

(c) (i) Sole power to vote or direct the vote: 409,113

(ii) Shared power to vote or direct the vote: 0

(iii) Sole power to dispose or direct the disposition: 409,113

(iv) Shared power to dispose or direct the disposition: 0

1. Arrow Goodwood Fund

(a) Amount beneficially owned: 145,300

(b) Percent of class: 0.8%

(c) (i) Sole power to vote or direct the vote: 145,300

(ii) Shared power to vote or direct the vote: 0

(iii) Sole power to dispose or direct the disposition: 145,300

(iv) Shared power to dispose or direct the disposition: 0

1. Goodwood Capital Fund

(a) Amount beneficially owned: 65,300

(b) Percent of class: 0.3%

(c) (i) Sole power to vote or direct the vote: 65,300

(ii) Shared power to vote or direct the vote: 0

(iii) Sole power to dispose or direct the disposition: 65,300

(iv) Shared power to dispose or direct the disposition: 0

1. The Goodwood Fund 2.0 Ltd.

(a) Amount beneficially owned: 414,800

(b) Percent of class: 2.2%

(c) (i) Sole power to vote or direct the vote: 414,800

(ii) Shared power to vote or direct the vote: 0

(iii) Sole power to dispose or direct the disposition: 414,800

(iv) Shared power to dispose or direct the disposition: 0

1. MSS Equity Hedge 15

(a) Amount beneficially owned: 9,700

(b) Percent of class: Less than 0.1%

(c) (i) Sole power to vote or direct the vote: 9,700

(ii) Shared power to vote or direct the vote: 0

(iii) Sole power to dispose or direct the disposition: 9,700

(iv) Shared power to dispose or direct the disposition: 0

CUSIP No. 36268Q103 13G Page 13 of 17 Pages

1. Peter H. Puccetti

(a) Amount beneficially owned: 1,044,213

(b) Percent of class: 5.4%

(c) (i) Sole power to vote or direct the vote: 0

(ii) Shared power to vote or direct the vote: 1,044,213

(iii) Sole power to dispose or direct the disposition: 0

(iv) Shared power to dispose or direct the disposition: 1,044,213

1. J. Cameron MacDonald

(a) Amount beneficially owned: 1,044,213

(b) Percent of class: 5.4%

(c) (i) Sole power to vote or direct the vote: 0

(ii) Shared power to vote or direct the vote: 1,044,213

(iii) Sole power to dispose or direct the disposition: 0

(iv) Shared power to dispose or direct the disposition: 1,044,213

---

Goodwood does not directly own any Shares. Rather, Goodwood is the sole investment manager of each of Fund, Arrow, Capital Fund, 2.0 and Hedge 15. Ontario Inc. owns all of the capital stock of Goodwood. Messrs. Puccetti and MacDonald control Ontario.

ITEM 5. Ownership Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ¨ .

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. Certification

By signing below the signatory certifies that, to be best of his or its 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.

CUSIP No. 36268Q103 13G Page 14 of 17 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: April 10, 2007

| GOODWOOD

INC.
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person
1354037
ONTARIO INC.
By:	/s/
J. Cameron MacDonald
Name:	J.
Cameron MacDonald
Title:	Authorized
Person
GOODWOOD
FUND
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person
ARROW
GOODWOOD FUND
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person
GOODWOOD
CAPITAL FUND
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person
THE
GOODWOOD FUND 2.0 LTD.
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person

CUSIP No. 36268Q103 13G Page 15 of 17 Pages

| MSS

EQUITY HEDGE 15
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person
PETER
H. PUCCETTI
/s/
Peter H. Puccetti
J.
CAMERON MACDONALD
/s/
J. Cameron MacDonald

CUSIP No. 36268Q103 13G Page 16 of 17 Pages

EXHIBIT A

AGREEMENT

JOINT FILING OF SCHEDULE 13G

The undersigned hereby agree jointly to prepare and file with regulatory authorities a Schedule 13G and any amendments thereto reporting each of the undersigned’s ownership of securities of Gaiam Inc., and hereby affirm that such Schedule 13G is being filed on behalf of each of the undersigned.

Dated: April 10, 2007

| GOODWOOD

INC.
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person
1354037
ONTARIO INC.
By:	/s/
J. Cameron MacDonald
Name:	J.
Cameron MacDonald
Title:	Authorized
Person
GOODWOOD
FUND
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person
ARROW
GOODWOOD FUND
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person
GOODWOOD
CAPITAL FUND
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person

| THE

GOODWOOD FUND 2.0 LTD.
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person

CUSIP No. 36268Q103 13G Page 17 of 17 Pages

| MSS

EQUITY HEDGE 15
By:	/s/
Peter H. Puccetti
Name:	Peter
H. Puccetti
Title:	Authorized
Person
PETER
H. PUCCETTI
/s/
Peter H. Puccetti
J.
CAMERON MACDONALD
/s/
J. Cameron MacDonald