<SEC-DOCUMENT>0001553350-15-000739.txt : 20150721
<SEC-HEADER>0001553350-15-000739.hdr.sgml : 20150721
<ACCEPTANCE-DATETIME>20150721144409
ACCESSION NUMBER:		0001553350-15-000739
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150721
DATE AS OF CHANGE:		20150721

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Heritage Global Inc.
		CENTRAL INDEX KEY:			0000849145
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEGRAPH & OTHER MESSAGE COMMUNICATIONS [4822]
		IRS NUMBER:				592291344
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-40638
		FILM NUMBER:		15997623

	BUSINESS ADDRESS:	
		STREET 1:		1 TORONTO STREET,SUITE 700
		STREET 2:		P.O. BOX 3,
		CITY:			TORONTO,
		STATE:			A6
		ZIP:			M5C 2V6
		BUSINESS PHONE:		416-866-3005

	MAIL ADDRESS:	
		STREET 1:		1 TORONTO STREET,SUITE 700
		STREET 2:		P.O. BOX 3,
		CITY:			TORONTO,
		STATE:			A6
		ZIP:			M5C 2V6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Counsel RB Capital Inc.
		DATE OF NAME CHANGE:	20110121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	C2 Global Technologies Inc
		DATE OF NAME CHANGE:	20050812

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACCERIS COMMUNICATIONS INC
		DATE OF NAME CHANGE:	20040220

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Zachary Capital L.P.
		CENTRAL INDEX KEY:			0001648776
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Y9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		12 CASTLE STREET
		CITY:			ST HELIER
		STATE:			Y9
		ZIP:			JE2 3RT
		BUSINESS PHONE:		44 (0)1534 874132

	MAIL ADDRESS:	
		STREET 1:		12 CASTLE STREET
		CITY:			ST HELIER
		STATE:			Y9
		ZIP:			JE2 3RT
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>zclp_sc13g.htm
<DESCRIPTION>SC 13G
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Schedule 13G</TITLE>
<META NAME="author" CONTENT="Edgar">
<META NAME="date" CONTENT="07/17/2015">
</HEAD>
<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><B>SCHEDULE 13G</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>(Amendment No. ____ )*</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><B>Heritage Global Inc. &nbsp;</B></P>
<P style="margin:0px; font-size:9pt" align=center><I>(Name of Issuer)</I></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>Common Stock, $0.01 par value per share</B></P>
<P style="margin:0px; font-size:9pt" align=center><I>(Title of Class of Securities)</I></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>42727E103</B></P>
<P style="margin:0px; font-size:9pt" align=center><I>(CUSIP Number)</I></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>July 9, 2015</B></P>
<P style="margin:0px; font-size:9pt" align=center><I>(Date of Event which Requires Filing of this Statement)</I></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=19.6 /><TD width=92.733 /></TR>
<TR><TD style="margin-top:0px; border:1px solid #000000" width=19.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=92.733><P style="margin:0px">&nbsp;Rule 13d-1(b)</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" width=19.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=92.733><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" width=19.6><P style="margin:0px; font-family:Wingdings" align=center>&#252;</P>
</TD><TD style="margin-top:0px" width=92.733><P style="margin:0px">&nbsp;Rule 13d-1(c)</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" width=19.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=92.733><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" width=19.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" width=92.733><P style="margin:0px">&nbsp;Rule 13d-1(d)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin-top:5.533px; margin-bottom:5.533px">*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. </P>
<P style="margin:0px">The information required in the remainder of this cover page shall not be deemed to be &quot;filed&quot; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&quot;Act&quot;) 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).</P>
<P style="margin:0px"><B>&nbsp;</B></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center>CUSIP No.&nbsp;<B>42727E103</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-size:16pt">13G</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Page 2 of 5 Pages</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=43.267 /><TD width=69.533 /><TD width=7.733 /><TD width=40 /><TD width=426.533 /><TD width=15.867 /><TD width=22.133 /></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=43.267><P style="margin:0px" align=center>1</P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=6><P style="margin:0px; padding-left:5.267px">NAME OF REPORTING PERSONS</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Zachary Capital L.P. </P>
<P style="margin:0px; padding-left:5.267px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=43.267><P style="margin:0px" align=center>2</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=581.8 colspan=6><P style="margin:0px; padding-left:5.267px">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=43.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=543.8 colspan=4><P style="margin:0px" align=right>(a)</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=22.133><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=43.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=543.8 colspan=4><P style="margin:0px" align=right>(b)</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.867><P style="margin:0px; font-family:Wingdings" align=center>&#252;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=22.133><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=43.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=43.267><P style="margin:0px" align=center>3</P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=581.8 colspan=6><P style="margin:0px; padding-left:5.267px">SEC USE ONLY</P>
<P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=43.267><P style="margin:0px" align=center>4</P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=6><P style="margin:0px; padding-left:5.267px">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:5.267px">Jersey</P>
<P style="margin:0px; padding-left:5.267px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-bottom:1px solid #000000" width=112.8 colspan=2 rowspan=4><P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px" align=center><B>NUMBER&nbsp;OF</B></P>
<P style="margin:0px" align=center><B>SHARES</B></P>
<P style="margin:0px" align=center><B>BENEFICIALLY</B></P>
<P style="margin:0px" align=center><B>OWNED&nbsp;BY</B></P>
<P style="margin:0px" align=center><B>EACH</B></P>
<P style="margin:0px" align=center><B>REPORTING</B></P>
<P style="margin:0px" align=center><B>PERSON</B></P>
<P style="margin:0px" align=center><B>WITH</B></P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000" valign=top width=40><P style="margin:0px" align=center>5</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=464.533 colspan=3><P style="margin:0px; padding-left:2.867px">SOLE VOTING POWER</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:2.867px">1,613,454</P>
<P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=40><P style="margin:0px" align=center>6</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=464.533 colspan=3><P style="margin:0px; padding-left:2.867px">SHARED VOTING POWER</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:2.867px">0</P>
<P style="margin:0px; padding-left:2.867px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-bottom:1px solid #000000" valign=top width=40><P style="margin:0px" align=center>7</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=464.533 colspan=3><P style="margin:0px; padding-left:2.867px">SOLE DISPOSITIVE POWER</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:2.867px">1,613,454</P>
<P style="margin:0px; padding-left:2.867px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-left:1px solid #000000; border-bottom:1px solid #000000" valign=top width=40><P style="margin:0px" align=center>8</P>
</TD><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=464.533 colspan=3><P style="margin:0px; padding-left:2.867px">SHARED DISPOSITIVE POWER</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:2.867px">0</P>
<P style="margin:0px; padding-left:2.867px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=43.267><P style="margin:0px" align=center>9</P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=6><P style="margin:0px; padding-left:5.267px">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:5.267px">1,613,454</P>
<P style="margin:0px; padding-left:5.267px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=43.267><P style="margin:0px" align=center>10</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=581.8 colspan=6><P style="margin:0px; padding-left:5.267px">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=43.267><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=543.8 colspan=4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000" valign=top width=22.133><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=43.267><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=543.8 colspan=4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=15.867><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=22.133><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=43.267><P style="margin:0px" align=center>11</P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=6><P style="margin:0px; padding-left:5.267px">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:5.267px">5.7%</P>
<P style="margin:0px; padding-left:5.267px">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=43.267><P style="margin:0px" align=center>12</P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="margin-top:0px; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=6><P style="margin:0px; padding-left:5.267px">TYPE OF REPORTING PERSON</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:5.267px">PN</P>
<P style="margin:0px; padding-left:5.267px">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center>CUSIP No.&nbsp;<B>42727E103</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-size:16pt">13G</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Page 3 of 5 Pages</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 1(a) </P>
<P style="margin:0px; padding-left:72px; text-indent:-2px"><U>Name of Issuer </U></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0px; text-indent:-2px">Heritage Global Inc. </P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 1(b) </P>
<P style="margin:0px; text-indent:-2px"><U>Address of Issuer&#146;s Principal Executive Offices</U> </P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; text-indent:96px">12625 High Bluff Drive, Suite 305, San Diego, California &nbsp;92130</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 2(a)</P>
<P style="margin:0px; padding-left:72px; text-indent:-2px"><U>Name of Person Filing</U><B> </B></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; text-indent:96px">Zachary Capital L.P.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 2(b) </P>
<P style="margin:0px; padding-left:32px; text-indent:-2px"><U>Address of Principal Business Office or, if none, Residence</U></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; padding-left:32px; text-indent:64px">12 Castle Street, St. Helier, Jersey &nbsp;JE2 3RT</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 2(c) </P>
<P style="margin:0px; padding-left:32px; text-indent:-2px"><U>Citizenship</U> </P>
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<P style="margin:0px; padding-left:32px; text-indent:64px">See Cover Page Item 4 </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 2(d) </P>
<P style="margin:0px; padding-left:32px; text-indent:-2px"><U>Title of Class of Securities</U> </P>
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<P style="margin:0px; padding-left:32px; text-indent:64px">Common &nbsp;Stock, $0.01 par value per share</P>
<P style="margin:0px; padding-left:32px; text-indent:-32px">&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 2(e) </P>
<P style="margin:0px; padding-left:32px; text-indent:-2px"><U>CUSIP Number</U> </P>
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<P style="margin:0px; padding-left:32px; text-indent:64px">42727E103</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 3.</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px"><U>If this statement is filed pursuant to &#167;&#167;240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a</U>:</P>
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<P style="margin:0px; padding-left:96px">Not applicable </P>
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<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 4.</P>
<P style="margin:0px; padding-left:72px; text-indent:-2px"><U>Ownership</U></P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:96px; width:120px; float:left">(a)</P>
<P style="margin:0px; padding-left:120px; text-indent:-2px">Amount beneficially owned:</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; text-indent:96px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See Cover Page Item 9</P>
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<P style="margin-top:0px; margin-bottom:-2px; text-indent:96px; width:120px; float:left">(b)</P>
<P style="margin:0px; padding-left:120px; text-indent:-2px">Percent of class:</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; padding-left:120px">See Cover Page Item 11 </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:96px; width:120px; float:left">(c)</P>
<P style="margin:0px; padding-left:120px; text-indent:-2px">Number of shares as to which the person has: </P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; padding-left:120px">(i) &nbsp;Sole power to vote or to direct the vote</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:144px">See Cover Page Item 5</P>
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<P style="margin:0px; padding-left:80px; text-indent:16px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) &nbsp;Shared power to vote or to direct the vote</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:80px; text-indent:64px">See Cover Page Item 6</P>
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<P style="margin:0px; padding-left:80px; text-indent:16px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) &nbsp;Sole power to dispose or to direct the disposition of</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:80px; text-indent:64px">See Cover Page Item 7</P>
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<P style="margin:0px; page-break-before:always" align=center>CUSIP No.&nbsp;<B>42727E103</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-size:16pt">13G</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Page 4 of 5 Pages</P>
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<P style="margin:0px; padding-left:80px; text-indent:16px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) &nbsp;Shared power to dispose or to direct the disposition of</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:80px; text-indent:64px">See Cover Page Item 8</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 5.</P>
<P style="margin:0px; text-indent:-2px"><U>Ownership of Five Percent or Less of a Class</U></P>
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<P style="margin:0px; text-indent:96px">Not applicable. </P>
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<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 6.</P>
<P style="margin:0px; text-indent:-2px"><U>Ownership of More than Five Percent on Behalf of Another Person</U></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; text-indent:96px">Not applicable.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 7. &nbsp;</P>
<P style="margin:0px; padding-left:96px; text-indent:-2px"><U>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person</U></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; padding-left:96px">Not applicable.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 8.</P>
<P style="margin:0px; padding-left:72px; text-indent:-2px"><U>Identification and Classification of Members of the Group</U></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; padding-left:72px; text-indent:24px">Not applicable.</P>
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<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 9.</P>
<P style="margin:0px; padding-left:72px; text-indent:-2px"><U>Notice of Dissolution of Group</U></P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px; padding-left:72px; text-indent:24px">Not applicable.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left">Item 10. </P>
<P style="margin:0px; text-indent:-2px"><U>Certifications</U>.<B> </B></P>
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<P style="margin:0px; padding-left:96px">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.</P>
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<P style="margin:0px; page-break-before:always" align=center>CUSIP No.&nbsp;<B>42727E103</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT style="font-size:16pt">13G</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Page 5 of 5 Pages</P>
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<P style="margin:0px" align=center><B>SIGNATURE</B></P>
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<P style="margin:0px; text-indent:48px">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.</P>
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<P style="margin:0px; padding-left:144px; text-indent:-144px">Date: July 20, 2015</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=156 /><TD width=156 /><TD width=23.933 /><TD width=288.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=312 colspan=2><P style="margin:0px">Zachary Capital L.P.</P>
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<TR><TD style="margin-top:0px" valign=top width=156><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=23.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=288.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=156><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=23.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=288.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=23.933><P style="margin:0px">By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=288.067><P style="margin:0px">/s/Robin Haller</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=23.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=288.067><P style="margin:0px">&nbsp;Robin Haller, General Partner</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=156 /><TD width=156 /><TD width=23.933 /><TD width=288.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=312 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=156><P style="margin:0px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=156><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=23.933><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=288.067><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
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