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<SEC-DOCUMENT>0001354488-10-003729.txt : 20101130
<SEC-HEADER>0001354488-10-003729.hdr.sgml : 20101130
<ACCEPTANCE-DATETIME>20101130110027
ACCESSION NUMBER:		0001354488-10-003729
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20101130
DATE AS OF CHANGE:		20101130

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Segel Adam
		CENTRAL INDEX KEY:			0001475136

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	MAIL ADDRESS:	
		STREET 1:		1800 AVE OF THE STARS
		STREET 2:		SUITE 900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ISSUER DIRECT CORP
		CENTRAL INDEX KEY:			0000843006
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL PRINTING [2750]
		IRS NUMBER:				261331503
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-41710
		FILM NUMBER:		101220913

	BUSINESS ADDRESS:	
		STREET 1:		201 SHANNON OAKS CIRCLE
		STREET 2:		SUITE 105
		CITY:			CARY
		STATE:			NC
		ZIP:			27511
		BUSINESS PHONE:		9194611600

	MAIL ADDRESS:	
		STREET 1:		201 SHANNON OAKS CIRCLE
		STREET 2:		SUITE 105
		CITY:			CARY
		STATE:			NC
		ZIP:			27511

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOCUCON INC
		DATE OF NAME CHANGE:	20071002

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOCUCON INCORPORATED
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>isdr_sc13ga.htm
<DESCRIPTION>AMENDMENT NO. 2
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Schedule 13G</TITLE>
<META NAME="author" CONTENT="Jackie Dittrich">
<META NAME="date" CONTENT="11/30/2010">
</HEAD>
<BODY style="line-height:12pt; 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><B>(Amendment No. 2)</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><B>ISSUER DIRECT CORPORATION</B></P>
<P style="line-height:11pt; 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</B></P>
<P style="line-height:11pt; 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>46520M105</B></P>
<P style="line-height:11pt; 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><BR></P>
<P style="margin:0px" align=center><B>October 16, 2009</B></P>
<P style="line-height:11pt; 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="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=19.6></TD><TD width=92.733></TD></TR>
<TR><TD style="border:1px solid #000000" width=19.6><P>&nbsp;</P></TD><TD width=92.733><P style="margin:0px">&nbsp;Rule 13d-1(b)</P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" width=19.6><P>&nbsp;</P></TD><TD width=92.733><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" width=19.6><P style="margin:0px" align=center>X</P>
</TD><TD width=92.733><P style="margin:0px">&nbsp;Rule 13d-1(c)</P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" width=19.6><P>&nbsp;</P></TD><TD width=92.733><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" width=19.6><P>&nbsp;</P></TD><TD 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-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center>CUSIP No.&nbsp;<B>46520M105 </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;<B>13G&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</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=43.267></TD><TD width=69.533></TD><TD width=36.867></TD><TD width=437.4></TD><TD width=15.867></TD><TD width=22.133></TD></TR>
<TR><TD style="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="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=5><P style="margin:0px; padding-left:5.267px">NAME OF REPORTING PERSONS</P>
<P style="margin:0px; padding-left:5.267px">I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:5.267px">Adam Segel</P>
</TD></TR>
<TR><TD style="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="border-right:1px solid #000000" valign=top width=581.8 colspan=5><P style="margin:0px; padding-left:5.267px">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=43.267><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=top width=543.8 colspan=3><P style="margin:0px" align=right>(a)</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.867><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=top width=22.133><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=43.267><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=top width=543.8 colspan=3><P style="margin:0px" align=right>(b)</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.867><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=top width=22.133><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=43.267><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=5><P>&nbsp;</P></TD></TR>
<TR><TD style="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="border-right:1px solid #000000" valign=top width=581.8 colspan=5><P style="margin:0px; padding-left:5.267px">SEC USE ONLY</P>
<P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="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="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=5><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">United States of America</P>
</TD></TR>
<TR><TD style="border-left: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="border-left:1px solid #000000" valign=top width=36.867><P style="margin:0px" align=center>5</P>
</TD><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=475.4 colspan=3><P style="margin:0px; padding-left:2.867px">SOLE VOTING POWER</P>
<P style="margin:0px; padding-left:2.867px">1,400,000</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=top width=36.867><P style="margin:0px" align=center>6</P>
</TD><TD style="border-left:1px solid #000000; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=475.4 colspan=3><P style="margin:0px; padding-left:2.867px">SHARED VOTING POWER</P>
<P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-bottom:1px solid #000000" valign=top width=36.867><P style="margin:0px" align=center>7</P>
</TD><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=475.4 colspan=3><P style="margin:0px; padding-left:2.867px">SOLE DISPOSITIVE POWER</P>
<P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-bottom:1px solid #000000" valign=top width=36.867><P style="margin:0px" align=center>8</P>
</TD><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=475.4 colspan=3><P style="margin:0px; padding-left:2.867px">SHARED DISPOSITIVE POWER</P>
</TD></TR>
<TR><TD style="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>9</P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=5><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:2.867px">1,400,000</P>
</TD></TR>
<TR><TD style="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="border-right:1px solid #000000" valign=top width=581.8 colspan=5><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="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="border-right:1px solid #000000" valign=top width=543.8 colspan=3><P>&nbsp;</P></TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=15.867><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=top width=22.133><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=43.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=543.8 colspan=3><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=15.867><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=22.133><P>&nbsp;</P></TD></TR>
<TR><TD style="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="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=5><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">7.9%</P>
</TD></TR>
<TR><TD style="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="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=581.8 colspan=5><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">Individual</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center>CUSIP No.&nbsp;<B>46520M105 </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;<B>13G&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</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:72px; text-indent:-72px"><B>Item 1.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(a) </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px">Name of Issuer:</P>
<P style="margin:0px; padding-left:32px; text-indent:304px">Issuer Direct Corporation</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(b) </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px">Address of Issuer&#146;s Principal Executive Offices:</P>
<P style="margin:0px; padding-left:32px; text-indent:304px">500 Perimeter Park Drive, Suite E,</P>
<P style="margin:0px; padding-left:32px; text-indent:304px">Morrisville, NC 27560</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:72px; text-indent:-72px"><B>Item 2.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(a) </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px">Name of Person Filing:</P>
<P style="margin:0px; padding-left:32px; text-indent:352px">Adam Segel</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(b) </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px">Address of Principal Business Office or, if none, Residence:</P>
<P style="margin:0px; padding-left:32px; text-indent:352px">None</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(c) </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px">Citizenship:</P>
<P style="margin:0px; padding-left:32px; text-indent:352px">US</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(d) </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px">Title of Class of Securities:</P>
<P style="margin:0px; padding-left:32px; text-indent:352px">Common</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(e) </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px">CUSIP Number:</P>
<P style="margin:0px; padding-left:32px; text-indent:352px">46520M105</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 3.</B></P>
<P style="margin:0px; padding-left:72px"><B>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:</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=24></TD><TD width=24></TD><TD width=590.4></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(a)&nbsp;</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(b)&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(c)&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(d)&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(e)&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;An investment adviser in accordance with &#167;240.13d-1(b)(1)(ii)(E);</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(f)&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;An employee benefit plan or endowment fund in accordance with &#167;240.13d-1(b)(1)(ii)(F);</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(g)&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;A parent holding company or control person in accordance with &#167; 240.13d-1(b)(1)(ii)(G);</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(h)&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(i)&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the </P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;Investment Company Act of 1940 (15 U.S.C. 80a-3);</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(j)&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;A non-U.S. institution, in accordance with &#167;240.13d-1(b)(1)(ii)(J);</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=top width=24><P style="margin:0px">(k)&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">&nbsp;Group, in accordance with &#167;240.13d-1(b)(1)(ii)(K).</P>
</TD></TR>
<TR><TD valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=24><P>&nbsp;</P></TD><TD valign=top width=590.4><P style="margin:0px">If filing as a non-U.S. institution in accordance with &#167;240.13d-1(b)(1)(ii)(J), please specify the type of institution: ___________________________.</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 4.</B></P>
<P style="margin:0px; padding-left:72px"><B>Ownership.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(a) </P>
<P style="margin:0px; padding-left:32px">Amount beneficially owned: 1,400,000</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(b) </P>
<P style="margin:0px; padding-left:32px">Percent of class: 7.9%</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(c) </P>
<P style="margin:0px; padding-left:32px">Number of shares as to which the person has:</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px">(i) </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px">Sole power to vote or to direct the vote:</P>
<P style="margin:0px; padding-left:80px; text-indent:256px">1,400,000</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px">(ii) </P>
<P style="margin:0px; padding-left:80px">Shared power to vote or to direct the vote:</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px">(iii) </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px">Sole power to dispose or to direct the disposition of</P>
<P style="margin:0px; padding-left:80px; text-indent:304px">1,400,000</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px">(iv)</P>
<P style="margin:0px; padding-left:80px">Shared power to dispose or to direct the disposition of</P>
<P style="margin-top:6.667px; margin-bottom:0px"><I>Instruction</I>. &nbsp;For computations regarding securities which represent a right to acquire an underlying security see&nbsp;&#167;240.13d-3(d)(1).</P>
<P style="margin-top:6.667px; margin-bottom:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center>CUSIP No.&nbsp;<B>46520M105 </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;<B>13G&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</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 5.</B></P>
<P style="margin:0px; padding-left:72px"><B>Ownership of Five Percent or Less of a Class.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">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 &nbsp;[X].</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px; text-indent:-48px"><I>Instruction</I>: Dissolution of a group requires a response to this item.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 6.</B></P>
<P style="margin:0px; padding-left:72px"><B>Ownership of More than Five Percent on Behalf of Another Person.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">None.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 7.</B></P>
<P style="margin:0px; padding-left:72px"><B>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">None.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 8.</B></P>
<P style="margin:0px; padding-left:72px"><B>Identification and Classification of Members of the Group.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">None.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 9.</B></P>
<P style="margin:0px; padding-left:72px"><B>Notice of Dissolution of Group.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">None.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 10. </B></P>
<P style="margin:0px; padding-left:72px"><B>Certifications.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">(c)</P>
<P style="margin:0px; padding-left:48px">The following certification shall be included if the statement is filed pursuant to &#167;240.13d-1(c):</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px">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>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center>CUSIP No.&nbsp;<B>46520M105 </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;<B>13G&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</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>SIGNATURE</B></P>
<P style="margin:0px" align=center><BR></P>
<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>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:144px; text-indent:-144px">Date: November 30, 2010</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=156></TD><TD width=156></TD><TD width=23.933></TD><TD width=288.067></TD></TR>
<TR><TD valign=top width=156><P>&nbsp;</P></TD><TD valign=top width=156><P>&nbsp;</P></TD><TD valign=top width=312 colspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=156><P>&nbsp;</P></TD><TD valign=top width=156><P>&nbsp;</P></TD><TD valign=top width=23.933><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=288.067><P style="margin:0px">/s/ Adam Segel</P>
</TD></TR>
<TR><TD valign=top width=156><P>&nbsp;</P></TD><TD valign=top width=156><P>&nbsp;</P></TD><TD valign=top width=23.933><P>&nbsp;</P></TD><TD valign=top width=288.067><P style="margin:0px">Adam Segel</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
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