UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDUE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) I-Trax, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $0.001 par value -------------------------------------------------------------------------------- (Title of Class of Securities) 45069D203 -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2006 -------------------------------------------------------------------------------- (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) [X] Rule 13d-1(c) [_] Rule 13d-1(d) ---------- 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. 45069D203 --------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Stephen J. Clearman 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 of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,623,085 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,623,085 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,623,085 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.4% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN CUSIP No. 45069D203 --------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Kinderhook GP, 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 Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,623,085 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,623,085 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,623,085 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.4% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO CUSIP No. 45069D203 --------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Kinderhook Partners, LP 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 Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,623,085 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,623,085 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,623,085 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.4% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN CUSIP No. 45069D203 --------- Item 1(a). Name of Issuer: I-Trax, Inc. -------------------------------------------------------------------- (b). Address of Issuer's Principal Executive Offices: 4 Hillman Drive, Suite 130 Chadds Ford, Pennsylvania 19317 -------------------------------------------------------------------- Item 2(a). Name of Person Filing: Stephen J. Clearman Kinderhook GP, LLC Kinderhook Partners, LP -------------------------------------------------------------------- (b). Address of Principal Business Office, or if None, Residence: 1 Executive Drive Suite 160 Fort Lee, NJ 07024 -------------------------------------------------------------------- (c). Citizenship: Stephen J. Clearman - United States of America Kinderhook GP, LLC - Delaware Kinderhook Partners, LP -Delaware -------------------------------------------------------------------- (d). Title of Class of Securities: Common Stock, $0.001 par value -------------------------------------------------------------------- (e). CUSIP Number: 45069D203 -------------------------------------------------------------------- Item 3. If This Statement is filed pursuant to ss.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c). (b) [_] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [_] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [_] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) [_] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] Group, in accordance with s.240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: Stephen J. Clearman - 1,623,085 Kinderhook GP, LLC - 1,623,085 Kinderhook Partners, LP - 1,623,085 ---------------------------------------------------------------------- (b) Percent of class: Stephen J. Clearman - 4.4% Kinderhook GP, LLC - 4.4% Kinderhook Partners, LP - 4.4% ---------------------------------------------------------------------- (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote Stephen J. Clearman - 0 Kinderhook GP, LLC - 0 Kinderhook Partners, LP - 0 -----------------------------------, (ii) Shared power to vote or to direct the vote Stephen J. Clearman - 1,623,085 Kinderhook GP, LLC - 1,623,085 Kinderhook Partners, LP - 1,623,085 -----------------------------------, (iii) Sole power to dispose or to direct the disposition of Stephen J. Clearman - 0 Kinderhook GP, LLC - 0 Kinderhook Partners, LP - 0 -----------------------------------, (iv) Shared power to dispose or to direct the disposition of Stephen J. Clearman - 1,623,085 Kinderhook GP, LLC - 1,623,085 Kinderhook Partners, LP - 1,623,085 -----------------------------------. 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 five percent of the class of securities, check the following [X]. ---------------------------------------------------------------------- Item 6. Ownership of More Than Five Percent on Behalf of Another Person. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. N/A ---------------------------------------------------------------------- Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. If a parent holding company or Control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. N/A ---------------------------------------------------------------------- Item 8. Identification and Classification of Members of the Group. If a group has filed this schedule pursuant to ss.240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to ss.240.13d-1(c) or ss.240.13d-1(d), attach an exhibit stating the identity of each member of the group. N/A ---------------------------------------------------------------------- Item 9. Notice of Dissolution of Group. Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. N/A ---------------------------------------------------------------------- Item 10. Certification. 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 such purpose or effect. 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 13, 2007 (Date) KINDERHOOK PARTNERS, LP By: Kinderhook GP, LLC General Partner By: /s/ Stephen J. Clearman ----------------------- Stephen J. Clearman Managing Member KINDERHOOK GP, LLC By: /s/ Stephen J. Clearman ----------------------- Stephen J. Clearman Managing Member By: /s/ Stephen J. Clearman ----------------------- Stephen J. Clearman Exhibit A --------- AGREEMENT --------- The undersigned agree that this Schedule 13G Amendment No. 1 dated February 13, 2007 relating to the Common Stock, $0.001 par value of I-Trax, Inc. shall be filed on behalf of the undersigned. KINDERHOOK PARTNERS, LP By: Kinderhook GP, LLC General Partner By: /s/ Stephen J. Clearman ----------------------- Stephen J. Clearman Managing Member KINDERHOOK GP, LLC By: /s/ Stephen J. Clearman ----------------------- Stephen J. Clearman Managing Member By: /s/ Stephen J. Clearman ----------------------- Stephen J. Clearman SK 21702 0002 746904