Schedule 13G Amendment No.3

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Amendment No. 3)

Under the Securities Exchange Act of 1934

 

 

 

Acorn International, Inc.

(Name of issuer)

 

 

 

Ordinary Shares*

American Depositary Shares

(Title of class of securities)

 

004854105** 

(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)

¨ 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 disclosures provided in a prior cover page.

 

* Not for trading, but only in connection with the registration of American Depositary Shares each representing 3 ordinary shares.
** This CUSIP applies to the American Depositary Shares.

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. 004854105   SCHEDULE 13G   Page 2 of 7 Pages

 

  1   

Names of reporting persons/I.R.S. Identification nos. of above persons (entities only)

 

James Yujun Hu

  2  

Check the appropriate box if a member of a group

(a)  ¨        (b)  x

 

  3  

SEC use only

 

  4  

Citizenship or place of organization

 

    Canada

Number of

shares

beneficially

owned by

each

reporting

person

with

     

Sole voting power

 

    4,932,6571

   6   

Shared voting power

 

    0

   7   

Sole dispositive power

 

    4,932,6571

   8   

Shared dispositive power

 

    0

  9

 

Aggregate amount beneficially owned by each reporting person

 

    4,932,6571

10

 

Check if the aggregate amount in Row (9) excludes certain shares  ¨

 

11

 

Percent of class represented by amount in Row (9)

 

    5.4%2

12

 

Type of reporting person

 

    IN

 

1

Includes (i) 3,367,657 ordinary shares held by WiseSight Investment, Ltd., a company solely owned by Mr. James Yujun Hu; and (ii) 1,565,000 ordinary shares issuable upon exercise of options and stock appreciation rights, or SARs, held by Mr. Hu, which includes options and SARS vesting within 60 days of December 31, 2010.

2

Based on 90,841,915 total shares, which includes (i) 89,276,915 outstanding ordinary shares as of December 31, 2010; and (ii) 1,565,000 ordinary shares issuable pursuant to options and SARs held by Mr. Hu.


CUSIP No. 004854105   SCHEDULE 13G   Page 3 of 7 Pages

 

  1   

Names of reporting persons/I.R.S. Identification nos. of above persons (entities only)

 

WiseSight Investment, Ltd.

  2  

Check the appropriate box if a member of a group

(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

     

Sole voting power

 

    3,367,6573

   6   

Shared voting power

 

    0

   7   

Sole dispositive power

 

    3,367,6573

   8   

Shared dispositive power

 

    0

  9

 

Aggregate amount beneficially owned by each reporting person

 

    3,367,6573

10

 

Check if the aggregate amount in Row (9) excludes certain shares  ¨

 

11

 

Percent of class represented by amount in Row (9)

 

    3.8%4

12

 

Type of reporting person

 

    CO

 

3

Includes 3,367,657 ordinary shares held by WiseSight Investment, Ltd., a company solely owned by Mr. Hu.

4

Based on 89,276,915 outstanding ordinary shares as of December 31, 2010.


CUSIP No. 004854105   SCHEDULE 13G   Page 4 of 7 Pages

 

Item 1

 

(a)

   Name of Issuer:      
     Acorn International, Inc. (“Issuer”)      

Item 1

 

(b)

   Address of Issuer’s Principal Executive Offices:      
     18F, 20 Baoshiyuan Building, 487 Tianlin Lu, Shanghai 200233, People’s Republic of China      

Item 2

 

(a)

   Name of Person Filing:      
    

James Yujun Hu

 

WiseSight Investment, Ltd.

     

Item 2

 

(b)

   Address of Principal Business Office or, If None, Residence; Citizenship      
    

James Yujun Hu

c/o Acorn International Inc.

18F, 20 Baoshiyuan Building, 487 Tianlin Lu

Shanghai 200233

People’s Republic of China

 

WiseSight Investment, Ltd.

Romasco Place, Wickams Cay I

P.O. Box 3140

Road Town

Tortola, British Virgin Islands

     

Item 2

 

(c)

   Citizenship      
    

James Yujun Hu - Canada

 

WiseSight Investment, Ltd. - British Virgin Islands

     

Item 2

 

(d)

   Title of Class of Securities:      
    

Ordinary shares, par value US$0.01

 

American Depositary Shares

     

Item 2

 

(e)

   CUSIP Number:      
     004854105      
Item 3.   Statement Filed Pursuant to Rule 13d-1(b) or 13d-2(b) or (c):   
  Not applicable.   


CUSIP No. 004854105   SCHEDULE 13G   Page 5 of 7 Pages

 

Item 4.    Ownership      

 

Reporting Person

   Amount
beneficially
owned:
   Percent
of class:
    Sole power
to vote or
direct
the vote:
   Shared
power to
vote or to
direct
the vote:
     Sole power to
dispose or to
direct the
disposition of:
   Shared power
to dispose  or to
direct the
disposition of:
 

James Yujun Hu

   4,932,657

ordinary

shares

     5.4 %5    4,932,657

ordinary

shares

     0       4,932,657

ordinary

shares

     0   

WiseSight Investment, Ltd.

   3,367,657

ordinary

shares

     3.8 %6    3,367,657

ordinary

shares

     0       3,367,657

ordinary

shares

     0   

 

   WiseSight Investment, Ltd. is the record owner of 3,367,657 ordinary shares of the Issuer. Mr. Hu is the sole shareholder of WiseSight Investment, Ltd. Accordingly, Mr. Hu may be deemed to beneficially own all of the shares held by WiseSight Investment, Ltd.   

 

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      
   Not applicable.      
Item 7.    Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
   Not applicable.
Item 8.    Identification and Classification of Members of the Group      
   Not applicable.      
Item 9.    Notice of Dissolution of Group      
   Not applicable.      
Item 10.    Certifications      
   Not applicable.      

 

5

Based on 90,841,915 total shares, which includes (i) 89,276,915 outstanding ordinary shares as of December 31, 2010; and (ii) 1,565,000 ordinary shares issuable pursuant to options and SARs held by Mr. Hu, which includes options and SARS vesting within 60 days of December 31, 2010.

6

Based on 89,276,915 outstanding ordinary shares as of December 31, 2010.


CUSIP No. 004854105   SCHEDULE 13G   Page 6 of 7 Pages

 

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. In addition, by signing below, the undersigned agrees that this Schedule 13G may be filed jointly on behalf of each of the Reporting Persons.

Dated: January 25, 2011

 

 

James Yujun Hu

  /s/ James Yujun Ju
  WiseSight Investment, Ltd.
By:  

/s/ James Yujun Hu

Name:   James Yujun Hu
Title:   Director


CUSIP No. 004854105   SCHEDULE 13G   Page 7 of 7 Pages

 

LIST OF EXHIBITS

 

Exhibit No.

 

Description

A   Joint Filing Agreement