Information Services Group Inc. — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Information Services Group Inc. (III)
CIK: 0001371489
Period of Report: 2010-12-31

Reporting Person: TCS Capital Investments, L.P. (10% Owner)
Reporting Person: TCS Capital II L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-31	Common Stock	S	904100	$1.9369	Disposed	870600	Direct
2010-12-31	Common Stock	S	918977	$1.9369	Disposed	885123	Direct

Footnotes

F1: The filing of this Form 4 shall not be construed as an admission that TCS Capital Investments, L.P. ("TCS Offshore") and TCS Capital II, L.P. ("TCS II" and together, the "Funds"), is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the common stock, par value $0.001 per share (the "Common Stock") of Information Services Group, Inc. (the "Issuer") owned by the Funds. Pursuant to Rule 16a-1, the reporting persons disclaim such beneficial ownership beyond their pecuniary interest.

F2: This Form 4 is being filed to report the sale of Common Stock by TCS Offshore. A separate Form 4 is being filed for TCS Capital GP, LLC, the Funds' general partner, and Eric Semler, the managing member of TCS Capital GP, LLC, to report the change in their pecuinary interest of the Issuer.

F3: This Form 4 is being filed to report the sale of Common Stock by TCS II. A separate Form 4 is being filed for TCS Capital GP, LLC, the Funds' general partner, and Eric Semler, the managing member of TCS Capital GP, LLC, to report the change in their pecuinary interest of the Issuer.