infoserv13g.htm
 
 
CUSIP No. 45675Y104


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

 
SCHEDULE 13G
 

 
Under the Securities Exchange Act of 1934
 
(Amendment No. 2)
 


Information Services Group, Inc.

(Name of Issuer)


Common Stock

(Title of Class of Securities)


45675Y104

(CUSIP Number)


December 31, 2010*

(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)

* See Item 5.

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).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.



 
1
 
CUSIP No. 45675Y104





 
1.
Names of Reporting Persons.

 
Jonathan M. Glaser


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

 
(a)
    

 
(b)
X
    


 
3.
SEC Use Only
  


 
4.
Citizenship or Place of Organization 
U.S.A.

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5.           Sole Voting Power                                           0
6.           Shared Voting Power                                                      2,656,910
7.           Sole Dispositive Power                                                      0
8.           Shared Dispositive Power                                           2,656,910

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person2,656,910


 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
 
Instructions)______


 
11.
Percent of Class Represented by Amount in Row (9) 
7.6%


 
12.
Type of Reporting Person (See Instructions) 
IN, HC



 
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CUSIP No. 45675Y104





 
1.
Names of Reporting Persons.

 
JMG Capital Management, Inc.


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

 
(a)
    

 
(b)
X
    


 
3.
SEC Use Only
  


 
4.
Citizenship or Place of Organization 
California

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5.           Sole Voting Power                                           0
6.           Shared Voting Power                                                      972,114
7.           Sole Dispositive Power                                                      0
8.           Shared Dispositive Power                                           972,114

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person972,114


 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
 
Instructions)______


 
11.
Percent of Class Represented by Amount in Row (9) 
2.9%


 
12.
Type of Reporting Person (See Instructions) 
CO, HC



 
3
 
CUSIP No. 45675Y104





 
1.
Names of Reporting Persons.

 
JMG Capital Management, LLC


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

 
(a)
    

 
(b)
X
    


 
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                                                      972,114
7.           Sole Dispositive Power                                                      0
8.           Shared Dispositive Power                                           972,114

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person972,114


 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
 
Instructions)______


 
11.
Percent of Class Represented by Amount in Row (9) 
2.9%


 
12.
Type of Reporting Person (See Instructions) 
OO, IA



 
4
 
CUSIP No. 45675Y104





 
1.
Names of Reporting Persons.

 
Pacific Assets Management, LLC


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

 
(a)
    

 
(b)
X
    


 
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                                                      1,684,796
7.           Sole Dispositive Power                                                      0
8.           Shared Dispositive Power                                           1,684,796

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person1,684,796


 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
 
Instructions)______


 
11.
Percent of Class Represented by Amount in Row (9) 
5.0%


 
12.
Type of Reporting Person (See Instructions) 
OO, IA



 
5
 
CUSIP No. 45675Y104





 
1.
Names of Reporting Persons.

 
Pacific Capital Management, Inc.


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

 
(a)
    

 
(b)
X
    


 
3.
SEC Use Only
  


 
4.
Citizenship or Place of Organization 
California

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5.           Sole Voting Power                                           0
6.           Shared Voting Power                                                      1,684,796
7.           Sole Dispositive Power                                                      0
8.           Shared Dispositive Power                                           1,684,796

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person1,684,796


 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
 
Instructions)______


 
11.
Percent of Class Represented by Amount in Row (9) 
5.0%


 
12.
Type of Reporting Person (See Instructions) 
CO, HC



 
6
 
CUSIP No. 45675Y104





 
1.
Names of Reporting Persons.

 
JMG Triton Offshore Fund, Ltd.


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

 
(a)
    

 
(b)
X
    


 
3.
SEC Use Only
  


 
4.
Citizenship or Place of Organization 
British Virgin Islands

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With:
5.           Sole Voting Power                                           0
6.           Shared Voting Power                                                      1,684,796
7.           Sole Dispositive Power                                                      0
8.           Shared Dispositive Power                                           1,684,796

 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person1,684,796


 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
 
Instructions)______


 
11.
Percent of Class Represented by Amount in Row (9) 
5.0%


 
12.
Type of Reporting Person (See Instructions) 
CO



 
7
 
CUSIP No. 45675Y104


Item 1.

 
(a)
Name of Issuer

 
Information Services Group, Inc.
 
 

 
(b)
Address of Issuer's Principal Executive Offices

 
Two Stamford Plaza, 281 Tresser Boulevard
 
Stamford, CT 06901
 
 
Item 2.

 
(a)
The names of the persons filing this statement are:

Jonathan M. Glaser
  

JMG Capital Management, Inc. (“JMG Inc.”)
  

JMG Capital Management, LLC (“JMG LLC”)
  

Pacific Assets Management, LLC (“PAM”)
  

Pacific Capital Management, Inc. (“PCM”)
  

JMG Triton Offshore Fund, Ltd. (the “Fund”)
  
 
(collectively, the "Filers").

 
(b)
The principal business office of all the Filers except the Fund is:

11601 Wilshire Boulevard, Suite 2180, Los Angeles, CA  90025
  

 
The principal business office of the Fund is:

 
Ogier Fiduciary Services (BVI) Ltd
Nemours Chambers
PO Box 3170
Road Town, Tortola, BVI
VG1110

 
(c)
For citizenship of Filers, see Item 4 of the cover sheet for each Filer.

 
(d)
This statement relates to shares of common stock of the Issuer (the "Stock").

 
(e)
The CUSIP number of the Issuer is:  45675Y104


 
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CUSIP No. 45675Y104


Item 3.
If this statement is filed pursuant to rule 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. 78o).

 
(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 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)
[    ]
A non-U.S. institution in accordance with §240.13d-1(b)(ii)(J).

 
(k)
[    ]
Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution _______________________________________________________________.

Item 4.
Ownership.

See Items 5-9 and 11 of the cover page for each Filer.

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 ].*

*The Stock covered by this Schedule 13G was issuable on exercise of warrants that the Filers held on December 31, 2010.  On January 31, 2011, those warrants expired. Therefore, as of the date that this Schedule 13G is filed, the Filers no longer hold any shares of the Stock and will no longer file reports regarding the Stock under section 13 of the Act unless they otherwise are required to do so.

Item 6.
Ownership of More than Five Percent on Behalf of Another Person.

PAM and JMG LLC are investment advisers whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Stock.  No clients other than the Fund holds more than 5% of the Stock.  PAM is the investment adviser to the Fund and PCM is a member of PAM.  JMG LLC is the investment adviser and general partner of an investment limited partnership and JMG Inc. is a member of JMG LLC.  Mr. Glaser is the control person of PAM, PCM, JMG Inc. and JMG LLC.
 
 
Item 7.                                Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

Item 8.
Identification and Classification of Members of the Group.

The Filers are filing this Schedule 13G jointly, but not as members of a group, and each of them expressly disclaims membership in a group.  Each of Mr. Glaser, JMG, Inc., JMG LLC, PAM and PCM disclaims beneficial ownership of the Stock except to the extent of that person’s pecuniary interest therein.  In addition, the filing of this Schedule 13G on behalf of the Fund should not be construed as an admission that it is, and it disclaims that it is, the beneficial owner, as defined in Rule 13d-3 under the Securities Exchange Act of 1934, of any of the Stock covered by this Schedule 13G.

Item 9.
Notice of Dissolution of Group

Not applicable.

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 that purpose or effect.

Exhibits
 
Joint Filing Agreement.

 
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CUSIP No. 45675Y104



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.

Dated:              February 11, 2011

PACIFIC CAPITAL MANAGEMENT, INC.
 
 
By:           Jonathan M. Glaser, Vice President
 
PACIFIC ASSETS MANAGEMENT, LLC
 
 
By:           Jonathan M. Glaser, Member Manager
JMG CAPITAL MANAGEMENT, INC.
 
 
By:           Jonathan M. Glaser, President
 
JMG CAPITAL MANAGEMENT, LLC
 
 
By:           Jonathan M. Glaser, Member Manager
 
 
 
Jonathan M. Glaser
JMG TRITON OFFSHORE FUND, LTD.
 
By:           Pacific Assets Management, LLC
Attorney-in-fact
 
By:           Jonathan M. Glaser, Member Manager

 
10
 
CUSIP No. 45675Y104


EXHIBIT A

AGREEMENT REGARDING JOINT FILING
OF STATEMENT ON SCHEDULE 13D OR 13G

The undersigned agree to file jointly with the Securities and Exchange Commission (the “SEC”) any and all statements on Schedule 13D or Schedule 13G (and any amendments or supplements thereto) required under section 13(d) of the Securities Exchange Act of 1934, as amended, in connection with purchases and sales by the undersigned of securities of any issuer, until such time as the undersigned file with the SEC a statement terminating this Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G.  For that purpose, the undersigned hereby constitute and appoint JMG Capital Management, LLC, a Delaware limited liability company, as their true and lawful agent and attorney-in-fact, with full power and authority for and on behalf of the undersigned to prepare or cause to be prepared, sign, file with the SEC and furnish to any other person all certificates, instruments, agreements and documents necessary to comply with section 13(d) and section 16(a) of the Securities Exchange Act of 1934, as amended, in connection with said purchases and sales, and to do and perform every act necessary and proper to be done incident to the exercise of the foregoing power, as fully as the undersigned might or could do if personally present, until such time as the undersigned file with the SEC a statement terminating this Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G.

Dated:              February 11, 2010

PACIFIC CAPITAL MANAGEMENT, INC.
 
 
By:           Jonathan M. Glaser, Vice President
 
PACIFIC ASSETS MANAGEMENT, LLC
 
 
By:           Jonathan M. Glaser, Member Manager
JMG CAPITAL MANAGEMENT, INC.
 
 
By:           Jonathan M. Glaser, President
 
JMG CAPITAL MANAGEMENT, LLC
 
 
By:           Jonathan M. Glaser, Member Manager
 
 
 
Jonathan M. Glaser
JMG TRITON OFFSHORE FUND, LTD.
 
By:           Pacific Assets Management, LLC
Attorney-in-fact
 
By:           Jonathan M. Glaser, Member Manager



 
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