UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

INNOLOG HOLDINGS CORPORATION
(Name of Issuer)

Common Stock, $0.001 par value
(Title of Securities)

45777R106
(CUSIP Number)

 
Michael J. Kane
 
c/o Innolog Holdings Corporation
 
4000 Legato Road, Suite 830
 
Fairfax, Virginia 22033
   
(703)-766-1412
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

August 23, 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 Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.   ¨

*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 (however, see the Notes).

 

 

CUSIP No.  45777R106
  
1.
Name of Reporting Persons
 
IRS Identification Nos. of Above Persons (Entities Only)
 
Michael J. Kane
   
   
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
   
 
(a)
   
 
(b)
   
   
3.
SEC Use Only
   
4.
Source of Funds (See Instructions)   OO
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
6.
Citizenship or Place of Organization United States
Number of Shares Beneficially Owned by Each Reporting Person With:
   
7.
Sole Voting Power    6,624,809*
   
8.
Shared Voting Power    Not Applicable
   
9.
Sole Dispositive Power    6,624,809*
   
10.
Shared Dispositive Power    Not Applicable
   
   
11.
Aggregate Amount Beneficially Owned by Each Reporting Person   6,624,809*
   
   
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   ¨
   
   
13.
Percent of Class Represented by Amount in Row (11)  33.3%*
   
   
14.         
Type of Reporting Person (See Instructions)   IN
   
   
*This amount includes the following: 205,527 shares of Common Stock, 1,102,769 shares of Series A Convertible Preferred Stock that may be converted into 1,102,769 shares of Common Stock, warrants for the purchase of 1,779,495 shares of Common Stock and an option for the purchase of 2,000,000 shares of Common Stock, all owned directly by the Reporting Person.  This number also includes 137,018 shares of Common Stock, 700,000 shares of Series A Convertible Preferred Stock that may be converted into 700,000 shares of Common Stock and a warrant to purchase 700,000 shares of Common Stock owned by FIVEK Investments, LP.  Mr. Kane is the general partner of FIVEK Investments, LP and the person with voting and investment control over its securities.

 

 

Item 1.
Security and Issuer

This statement relates to the Common Stock, $0.001 par value, of Innolog Holdings Corporation (the “Issuer”).  The Issuer’s address is 4000 Legato Road, Suite 830, Fairfax, Virginia 22033.

Item 2.
Identity and Background

(a)           This statement is filed by Michael J. Kane (the “Reporting Person”).

(b)           The Reporting Person’s address is 4000 Legato Road, Suite 830, Fairfax, Virginia 22033.

(c)           The Reporting Person is the Secretary, Treasurer and a director of the Issuer.

(d)           During the last five years, the Reporting Person has not been convicted in a criminal proceeding.

(e)           During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)           The Reporting Person is a citizen of the United States.

Item 3.
Source and Amount of Funds or Other Consideration

On August 23, 2010, the Issuer granted an option (the “Option”) to the Reporting Person.  Other than services performed, no consideration was given to the Issuer for the option.

Item 4.
Purpose of Transaction

The Issuer granted the Option to the Reporting Person in exchange for services performed.

 

 

Item 5.
Interest in Securities of the Issuer

As computed using Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended, the Reporting Person beneficially owns a total of 6,624,809 shares, or approximately 33.3%, of the Issuer’s Common Stock.  The Reporting Person owns 205,527 shares of Common Stock, 1,102,769 shares of Series A Convertible Preferred Stock, warrants for the purchase of 1,779,495 shares of Common Stock and the Option.  The Option was granted on August 23, 2010 and provides for the purchase of 2,000,000 shares of Common Stock at an exercise price of $0.50 per share.  The Option has a term of 5 years.

As the general partner of FIVEK Investments, L.P., the Reporting Person has sole voting and dispositive power over the securities owned by FIVEK Investments.  As computed using Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended, FIVEK Investments, L.P. beneficially owns a total of 1,537,018 shares, or approximately 10.2%, of the Issuer’s Common Stock.  This includes 137,018 shares of Common Stock, 700,000 shares of Series A Convertible Preferred Stock and a warrant to purchase 700,000 shares of Common Stock.

Item 6. 
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

The Reporting Person has 2 warrants, one of which was granted on March 31, 2009 for the purchase of 220,000 shares of the Issuer’s Common Stock and the other of which was granted on June 1, 2010 for the purchase of 1,559,495 shares of the Issuer’s Common Stock.  The exercise prices for the warrant shares are $0.0227 and $0.50, respectively.  The right to purchase the warrant shares will terminate on March 31, 2016 and June 1, 2015, respectively.  The warrants had been granted prior to the Merger and were assumed by the Issuer in conjunction with the Merger.  The Reporting Person also owns 1,102,769 shares of the Issuer’s Series A Convertible Preferred Stock.  On August 23, 2010, the Reporting Person received the Option.  As reported herein, FIVEK Investments, L.P. owns 700,000 shares of Series A Convertible Preferred Stock and a warrant for the purchase of 700,000 shares of the Issuer’s Common Stock at a price of $0.50 per share.  The warrant will expire on June 1, 2015.  The warrant had been granted prior to the Merger and was assumed by the Issuer in conjunction with the Merger.  The Reporting Person has voting and investment control over the securities owned by FIVEK Investments, L.P.

Item 7.
Material to Be Filed as Exhibits

Option Agreement

 

 

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.

December 15, 2010

 
/s/Michael Kane
 
Michael J. Kane
 
 
 

 
 
 
 
 

 
 
 
 
 

 
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