UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

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, 2007

(Date of Event Which Requires Filing of this Statement)

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

o

Rule 13d-1(b)

o

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)

o

 

 

(b)

o

 

 

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
13,910,937 (See Item 4)

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
13,910,937 (See Item 4)

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
13,910,937 (See Item 4)

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
19.12% (See Item 4)

 

 

12.

Type of Reporting Person (See Instructions)
OO

 

 

2



 

 

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)

x

 

 

(b)

o

 

 

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
13,910,937 (See Item 4)

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
13,910,937 (See Item 4)

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
13,910,937 (See Item 4)

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
19.12% (See Item 4)

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

 

3



 

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)

x

 

 

(b)

o

 

 

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
0

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
13,910,937 (See Item 4)

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
13,910,937 (See Item 4)

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
19.12% (See Item 4)

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

 

4



 

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)

x

 

 

(b)

o

 

 

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
0

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
13,910,937 (See Item 4)

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
13,910,937 (See Item 4)

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
19.12% (See Item 4)

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

 

5



 

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)

x

 

 

(b)

o

 

 

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
0

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
13,910,937 (See Item 4)

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
13,910,937 (See Item 4)

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
19.12% (See Item 4)

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

 

6



 

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

 

 

7



 

Item 4.

Ownership

 

Each of Michael P. Connors, Frank Martell, Earl H. Doppelt and Richard G. Gould are members of Oenoke Partners, LLC (“Oenoke”) and own twenty-five percent of the outstanding membership interests.  Mr. Connors has beneficial ownership of the remaining seventy-five percent of outstanding membership interests as a result of being the managing member of Oenoke and controlling the vote of the ISG common stock held by Oenoke.  Each of Mr. Martell, Mr. Doppelt and Mr. Gould has beneficial ownership of the remaining seventy-five percent of outstanding membership interests as a result of having approval rights with respect to a sale of all or substantially all of the assets of Oenoke.

 

(a)                                  Amount Beneficially Owned:

 

 

(1) Oenoke Partners, LLC

13,910,937

 

(2) Michael P. Connors

13,910,937

 

(3) Frank D. Martell

13,910,937

 

(4) Earl H. Doppelt

13,910,937

 

(5) Richard G. Gould

13,910,937

 

Includes 7,410,937 shares of common stock and 6,500,000 shares of common stock underlying warrants issued to Oenoke in a private placement prior to the initial public offering (“IPO”).  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

19.12%

 

(2) Michael P. Connors

19.12%

 

(3) Frank D. Martell

19.12%

 

(4) Earl H. Doppelt

19.12%

 

(5) Richard G. Gould

19.12%

 

Based on 72,744,361 shares outstanding, which assumes (i) the exercise of 32,066,150 outstanding warrants issued in the IPO, (ii) the exercise of 6,500,000 outstanding warrants issued in a private placement to Oenoke prior to the IPO and (iii) the exercise of the underwriter’s unit purchase option for 1,406,250 units each consisting of one share of ISG common stock and one warrant exercisable into a share of ISG common stock at an exercise price of $7.50 per share.

 

(c)                                  Number of shares as to which the person has:

 

(i)                                     Sole power to vote or to direct the vote:

 

 

(1) Oenoke Partners, LLC

13,910,937

 

(2) Michael P. Connors

13,910,937

 

 

8



 

 

(3) Frank D. Martell

0

 

(4) Earl H. Doppelt

0

 

(5) Richard G. Gould

0

 

 

(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

13,910,937

 

(2) Michael P. Connors

0

 

(3) Frank D. Martell

0

 

(4) Earl H. Doppelt

0

 

(5) Richard G. Gould

0

 

 

(iv)                              Shared power to dispose or to direct the disposition of:

 

 

(1) Oenoke Partners, LLC

0

 

(2) Michael P. Connors

13,910,937

 

(3) Frank D. Martell

13,910,937

 

(4) Earl H. Doppelt

13,910,937

 

(5) Richard G. Gould

13,910,937

 

 

Item 5

Ownership of Five Percent or Less of a Class

 

Not Applicable

 

Item 6

Ownership of More than Five Percent on Behalf of Another Person

 

The members of Oenoke have the right to participate in the receipt of dividends from, or proceeds from the sale of, the shares of common stock held by Oenoke in accordance with their membership interests in Oenoke.

 

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

 

 

9



 

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.

 

 

10



 

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 6, 2008

 

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

 

 

11