Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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Schedule 13D
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UNITED STAES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Inuvo, Inc.
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(Name of Issuer)
Common
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(Title of Class of Securities)
46122W204
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(CUSIP Number)
Christian C. Park
Ingalls & Snyder, LLC
1325 Avenue of the Americas
New York, NY 10019
(212) 269-7894
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 21, 2021
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(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of the Schedule 13D, and is filing this
schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].
*The remainder of this cover page shall be filed 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 on 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).
(Continued on following page(s))
CUSIP No. 46122W204 13D
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ingalls & Snyder, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 0
REPORTING --------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 5,210,509
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10 SHARED DISPOSITIVE POWER
39,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,250,109
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.48%
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14 TYPE OF REPORTING PERSON*
IA
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The Shares reported herein are not limited to, but include those of Charles D.
Morgan and G. Kent Burnett who both serve as Directors of Inuvo, Inc. and Rich
Howe who serves as Chairman and CEO of Inuvo, Inc. All of the individuals are
advisory clients of the Reporting Person.
The following Items are amended and restated in their entirety:
Item 1. Security and Issuer
Inuvo, Inc. (the "Issuer")
Common Stock (the "Shares")
500 PRESIDENT CLINTON AVENUE., STE 300
LITTLE ROCK, AR 72201
Item 2. Identity and Background
(a)Ingalls & Snyder, LLC
The Reporting Person is a limited liability company organized under the laws
of the State of New York.
(b)Business address and principal office for the Reporting Person:
(c)Present principal occupation or employment and the name, principal
business and address where employment occurs.
(d) During the last five years,the Reporting Person has not
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) During the last five years the Reporting Person was not a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction, and is not subject to a judgment, decree or final order
enjoining future violations of,or prohibiting or mandating activities
subject to, federalor state securities laws or finding any violation
with respect to such laws.
(f)Citizenship:
Item 3. Source and Amount of Funds or Other Consideration.
Personal funds of Reporting Persons' advisory clients.
Item 4. Purpose of Transaction
On an ongoing basis, the Reporting Person evaluates the investment in
the Shares which were acquired and held in certain discretionary client
accounts prior to and during Reporting Person acting as the clients'
investment adviser.
Item 5. Interest in Securities of the Issuer
(a) The Reporting Person is the beneficial owner of 5,250,109 shares
which is equivalent to 4.48% of the outstanding shares of the issuer.
The Reporting Person has the sole power to dispose of or direct the
disposition of 5,210,509 shares, shared power to dispose of or direct the
disposition of 39,600 shares.
(d) Not applicable.
(e)
Item 6.Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None
Item 7. Material to be Filed as Exhibits.
None
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.
Date: February 1, 2021
/s/ Christian C. Park
Christian C. Park