Sec Form 13D Filing - BSS-Joe's Investors LLC @ Centric Brands Inc.

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.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

Joe’s Jeans Inc.

(Name of Issuer)

Common Stock, par value $0.10 per share

(Title of Class of Securities)

47777N101

(CUSIP Number)

Barry S. Sternlicht

BSS-Joe’s Investors, LLC

591 West Putnam Avenue

Greenwich, CT 06880

Telephone: (203) 422-7700

with a copy to:

Nazim Zilkha

White & Case LLP

1155 Avenue of the Americas

New York, NY 10036

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

April 9, 2010

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-l(e), 240.13d-l(f) or 240.13d-l(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

*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 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.

CUSIP No.	47777N101

1.	Names of Reporting Persons.
	I.R.S. Identification Nos. of above persons (entities only).

	BSS-Joe's Investors, LLC

2.	Check the Appropriate Box if a Member of a Group (See Instructions)

	(a) o	& #160;

	(b) x	0;

3.	SEC Use Only ;

4.	Source of Funds (See Instructions) & #160;

5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

6.	Citizenship or Place of Organization Delaware 0;

Number of Shares Beneficially Owned by Each Reporting Person With	7.	Sole Voting Power 0 0;

	8.	Shared Voting Power 3,053,696 & #160;

	9.	Sole Dispositive Power 0 ;

	10.	Shared Dispositive Power 3,053,696 & #160;

11.	Aggregate Amount Beneficially Owned by Each Reporting Person 3,053,696 160;

12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ;

13.	Percent of Class Represented by Amount in Row (11) 4.96%¹ 160;

14.	Type of Reporting Person (See Instructions)
	CO 0;
	160;
	(1) Based upon 61,612,826 shares of Common Stock issued and outstanding as reported by the Issuer in its annual report on Form 10-K filed with the SEC for the fiscal year ended November 30, 2009. & #160;
	160;

CUSIP No.	47777N101

1.	Names of Reporting Persons.
	I.R.S. Identification Nos. of above persons (entities only).

	Barry S. Sternlicht ;

2.	Check the Appropriate Box if a Member of a Group (See Instructions)

	(a) o	& #160;

	(b) x	0;

3.	SEC Use Only ;

4.	Source of Funds (See Instructions) & #160;

5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

6.	Citizenship or Place of Organization United States 0;

Number of Shares Beneficially Owned by Each Reporting Person With	7.	Sole Voting Power 0 0;

	8.	Shared Voting Power 3,053,696¹ & #xA0;

	9.	Sole Dispositive Power 0 ;

	10.	Shared Dispositive Power 3,053,696¹

11.	Aggregate Amount Beneficially Owned by Each Reporting Person 3,053,696¹ & #160;

12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ;

13.	Percent of Class Represented by Amount in Row (11) 4.96%² 60;

14.	Type of Reporting Person (See Instructions)
	IN 0;
	160; &# xA0;
	(1) Beneficial ownership of the shares of Common Stock indirectly owned through BSS referred to herein is being reported by Mr. Sternlicht solely because Mr. Sternlicht may be deemed to have beneficial ownership of such shares as a result of Mr. Sternlicht holding a majority of the membership interests of BSS. Neither the filing of this Amendment No. 3 nor any of its contents shall be deemed to constitute an admission by Mr. Sternlicht that he is the beneficial owner of any of the Common Stock referred to herein for purposes of Section 13(d) of the Act, or for any other purpose, and such beneficial ownership is expressly disclaimed. In addition, Mr. Sternlicht expressly disclaims membership in a “group,” as defined in Section 13(d) of the Act. & #160;
	(2) Based upon 61,612,826 shares of Common Stock issued and outstanding as reported by the Issuer in its annual report on Form 10-K filed with the SEC for the fiscal year ended November 30, 2009. & #160;
	160;

This Amendment No. 3 (“Amendment No. 3”) to the statement on Schedule 13D filed on December 29, 2006 with the Securities and Exchange Commission (the “SEC”), as amended by Amendment No. 1 filed with the SEC on July 10, 2007 and Amendment No. 2 filed with the SEC on March 15, 2010 (the “Schedule 13D”), is filed with respect to the common stock, par value $0.10 per share (the “Common Stock”) of Joe's Jeans Inc. (f/k/a Innovo Group Inc.), a Delaware corporation (the “Issuer”). Capitalized terms used but not defined herein shall have the meanings attributed to them in the Schedule 13D.

Except as expressly provided herein, this Amendment No. 3 does not modify any of the information previously reported in the Schedule 13D.

Item 5. Interest in Securities of the Issuer

Item 5 is hereby amended and restated as follows:

(a) and (b) The information contained on the cover pages of this Amendment No. 3 is incorporated herein by reference. As of the date hereof, BSS has (i) beneficial ownership (within the meaning of Rule 13d-3 under the Act) and (ii) shared power to vote or direct the vote and shared power to dispose or direct the disposition of 3,053,696 shares of Common Stock, which represents approximately 4.96% of the shares of Common Stock issued and outstanding.

As a result of holding the majority of the membership interests of BSS, Mr. Sternlicht may be deemed to have (i) beneficial ownership (within the meaning of Rule 13d-3 under the Act) and (ii) shared power to vote or direct the vote and shared power to dispose or direct the disposition of 3,053,696 shares of Common Stock, which represents approximately 4.96% of the shares of Common Stock issued and outstanding.

(c) The type of transaction, transaction date, number of shares, and price per share for all transactions in the Common Stock by the Reporting Persons since the most recent filing under Schedule 13D are set forth on Exhibit A attached hereto and incorporated herein by reference. All trades by the Reporting Persons were done in the open market.

(d) Not applicable.

(e) As of the close of business on April 9, 2010, the Reporting Persons ceased to be subject to beneficial ownership filing requirements under Section 13(d) of the Exchange Act, as amended, as their beneficial ownership of Common Stock was as of that date and is as of the date hereof below 5% of the shares of Common Stock issued and outstanding.

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.

	BSS-JOE’S INVESTORS, LLC

Dated: April 13, 2010	By:	/s/ Matthew D. Eby
	Name:	Matthew D. Eby
	Title:	Authorized Officer

	Barry S. Sternlicht

	/s/ Barry S. Sternlicht

Exhibit A

TRANSACTIONS

Trade Date	Transaction Activity (Buy/Sell)	Quantity (#)	Price ($)
3/16/2010	Sell	38,630	2.75
3/23/2010	Sell	253,000	2.77
3/24/2010	Sell	83,600	2.77
3/25/2010	Sell	9,500	2.75
3/26/2010	Sell	53,900	2.73
4/7/2010	Sell	400,000	3.43
4/9/2010	Sell	50,000	2.90

Sec Form 13D Filing - BSS-Joe's Investors LLC filing for Centric Brands Inc. (CTRC) - 2010-04-13