Information Services Group Inc. — Major Shareholding Notification 2009

Feb 4, 2009

SC 13G/A 1 sch13ga.htm SCHEDULE 13G/A HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" Schedule 13G/A

UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

(Amendment No. 1)

Under the Securities Exchange Act of 1934

Information Services Group, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

45675Y104

(CUSIP Number)

December 31, 2008

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ ]

Rule 13d-1(b)

[ ]

Rule 13d-1(c)

[X]

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 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. 45675Y104 — 1. | Names of Reporting Persons Oenoke Partners, LLC | | | --- | --- | --- | | 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | | | | (a) | [ ] | | | (b) | [ ] | | 3. | SEC Use Only | | | 4. | Citizenship or Place of Organization DE | | | Number of Shares Beneficially Owned by Each Reporting Person With | 5. | Sole Voting Power 0 (See Item 4) | | | 6. | Shared Voting Power 0 | | | 7. | Sole Dispositive Power 0 (See Item 4) | | | 8. | Shared Dispositive Power 0 | | 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 0 (See Item 4) | | | 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | | | 11. | Percent of Class Represented by Amount in Row (9) 0% (See Item 4) | | | 12. | Type of Reporting Person (See Instructions) OO | |

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| CUSIP No. 45675Y104 — 1. | Names of Reporting Persons Michael P. Connors | | | --- | --- | --- | | 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | | | | (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 3,477,735 (See Item 4) | | | 6. | Shared Voting Power 0 | | | 7. | Sole Dispositive Power 3,477,735 (See Item 4) | | | 8. | Shared Dispositive Power 0 | | 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 3,477,735 (See Item 4) | | | 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | | | 11. | Percent of Class Represented by Amount in Row (9) 10.6% (See Item 4) | | | 12. | Type of Reporting Person (See Instructions) IN | |

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| CUSIP No. 45675Y104 — 1. | Names of Reporting Persons Frank D. Martell | | | --- | --- | --- | | 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | | | | (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 3,477,734 (See Item 4) | | | 6. | Shared Voting Power 0 | | | 7. | Sole Dispositive Power 3,477,734 (See Item 4) | | | 8. | Shared Dispositive Power 0 | | 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 3,477,734 (See Item 4) | | | 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | | | 11. | Percent of Class Represented by Amount in Row (9) 10.6% (See Item 4) | | | 12. | Type of Reporting Person (See Instructions) IN | |

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| CUSIP No. 45675Y104 — 1. | Names of Reporting Persons Earl H. Doppelt | | | --- | --- | --- | | 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | | | | (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 3,477,734 (See Item 4) | | | 6. | Shared Voting Power 0 | | | 7. | Sole Dispositive Power 3,477,734 (See Item 4) | | | 8. | Shared Dispositive Power 0 | | 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 3,477,734 (See Item 4) | | | 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | | | 11. | Percent of Class Represented by Amount in Row (9) 10.6% (See Item 4) | | | 12. | Type of Reporting Person (See Instructions) IN | |

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| CUSIP No. 45675Y104 — 1. | Names of Reporting Persons Richard G. Gould | | | --- | --- | --- | | 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | | | | (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 3,477,734 (See Item 4) | | | 6. | Shared Voting Power 0 | | | 7. | Sole Dispositive Power 3,477,734 (See Item 4) | | | 8. | Shared Dispositive Power 0 | | 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 3,477,734 (See Item 4) | | | 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | | | 11. | Percent of Class Represented by Amount in Row (9) 10.6% (See Item 4) | | | 12. | Type of Reporting Person (See Instructions) IN | |

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Item 1.

(a)

Name of Issuer:

Information Services Group, Inc.

(b)

Address of Issuer’s Principal Executive Offices

Four Stamford Plaza 107 Elm Street Stamford, CT 06902

Item 2.

(a)

Name of Person Filing

(1) Oenoke Partners, LLC (2) Michael P. Connors (3) Frank D. Martell (4) Earl H. Doppelt (5) Richard G. Gould

(b)

Address of Principal Business Office or, if none, Residence

Four Stamford Plaza 107 Elm Street Stamford, CT 06902

(c)

Citizenship

(1) Oenoke Partners, LLC	Delaware
(2) Michael P. Connors	United States
(3) Frank D. Martell	United States
(4) Earl H. Doppelt	United States
(5) Richard G. Gould	United States

(d)

Title of Class of Securities

Common Stock

(e)

CUSIP Number

45675Y104

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:

Not Applicable

ITEM 4. Ownership

Each of Michael P. Connors, Frank Martell, Earl H. Doppelt and Richard G. Gould were members of Oenoke Partners, LLC (“Oenoke”) and owned twenty-five percent of the outstanding membership interests. Oenoke held 7,410,937 shares of common stock and 6,500,000 shares of

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common stock underlying warrants. Pursuant to a Plan of Liquidation and Dissolution, adopted on December 17, 2008, Oenoke dissolved and distributed its shares of common stock and warrants pro rata to its four members who now hold the common stock and warrants directly. In the future, Messrs. Connors, Martell, Doppelt and Gould will separately make individual filings on Schedule 13G.

(a)

Amount Beneficially Owned:

(1) Oenoke Partners, LLC	0
(2) Michael P. Connors	3,477,735
(3) Frank D. Martell	3,477,734
(4) Earl H. Doppelt	3,477,734
(5) Richard G. Gould	3,477,734

Mr. Connors holds 1,852,735 shares of common stock and 1,625,000 shares of common stock underlying warrants. Messrs. Martell, Doppelt and Gould each hold 1,852,734 shares of common stock and 1,625,000 shares of common stock underlying warrants. These warrants are currently exercisable and therefore, the underlying common stock is deemed to be beneficially owned.

(b)

Percent of Class:

(1) Oenoke Partners, LLC	0%
(2) Michael P. Connors	10.6%
(3) Frank D. Martell	10.6%
(4) Earl H. Doppelt	10.6%
(5) Richard G. Gould	10.6%

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote:

(1) Oenoke Partners, LLC	0
(2) Michael P. Connors	3,477,735
(3) Frank D. Martell	3,477,734
(4) Earl H. Doppelt	3,477,734
(5) Richard G. Gould	3,477,734

(ii)

Shared power to vote or to direct the vote:

(1) Oenoke Partners, LLC	0
(2) Michael P. Connors	0
(3) Frank D. Martell	0
(4) Earl H. Doppelt	0
(5) Richard G. Gould	0

(iii)

Sole power to dispose or to direct the disposition of:

(1) Oenoke Partners, LLC	0
(2) Michael P. Connors	3,477,735
(3) Frank D. Martell	3,477,734
(4) Earl H. Doppelt	3,477,734

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(5) Richard G. Gould 3,477,734

(iv)

Shared power to dispose or to direct the disposition of:

(1) Oenoke Partners, LLC	0
(2) Michael P. Connors	0
(3) Frank D. Martell	0
(4) Earl H. Doppelt	0
(5) Richard G. Gould	0

Item 5 Ownership of 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 5 percent of the class of securities, check the following [X].

Oenoke Partners, LLC has dissolved and is no longer a beneficial owner of more than 5 percent of the class of securities.

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 a Group

Not Applicable

ITEM 10. Certification

Not Applicable

Exhibits

Exhibit 1

Joint Filing Agreement by and among the reporting persons.*

• Previously filed.

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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.

February 4, 2009
Date

Oenoke Partners, LLC — By:	/s/ Michael P. Connors
	Name:	Michael P. Connors
	Title:	Managing Member
/s/ Michael P.
Connors
Signature
Michael P. Connors
Name
/s/ Frank D.
Martell
Signature
Frank D. Martell
Name
/s/ Earl H.
Doppelt
Signature
Earl H. Doppelt
Name
/s/ Richard G.
Gould
Signature
Richard G. Gould
Name

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EDGAR Validation Code: 87F0320B