Schedule 13G Amendment No. 2

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Amendment No. 2)

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, 2009    

(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)

 

Robert W. Roche

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

    13,138,739 ordinary shares1

   6   

SHARED VOTING POWER

 

    0

   7   

SOLE DISPOSITIVE POWER

 

    13,138,739 ordinary shares1

   8   

SHARED DISPOSITIVE POWER

 

    0

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    13,138,739 ordinary shares1

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    14.8%2

12

 

TYPE OF REPORTING PERSON

 

    IN

 

1

Includes (i) 12,053,094 ordinary shares; (ii) 339,215 American Depositary shares, each representing 3 ordinary shares, including 5,400 ADS owned personally by Mr. Robert W. Roche and 333,815 ADS held by Acorn Composite Corporation, of which Mr. Robert W. Roche is the sole owner; and (iii) 68,000 ordinary shares issueable upon the exercise of stock appreciation rights, or SARs, held by Mr. Roche.

2

Based on 88,924,915 total shares, which includes (i) 88,856,915 outstanding ordinary shares as of December 31, 2009; and (ii) 68,000 ordinary shares issuable pursuant to SARs held by Mr. Roche.


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)

 

Acorn Composite Corporation

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ¨        (b)  x

 

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

    Nevada

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     

SOLE VOTING POWER

 

    13,070,7393

   6   

SHARED VOTING POWER

 

    0

   7   

SOLE DISPOSITIVE POWER

 

    13,070,7393

   8   

SHARED DISPOSITIVE POWER

 

    0

  9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

    13,070,7393

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ¨

 

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

    14.7%4

12

 

TYPE OF REPORTING PERSON

 

    CO

 

3

Includes (i) 12,053,094 ordinary shares; and (ii) 339,215 American Depositary shares, each representing 3 ordinary shares.

4

Based on 88,856,915 outstanding ordinary shares as of December 31, 2009.


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, 20Baoshiyuan Building, 487Tianlin Lu, Shanghai 200233, People’s Republic of China      
Item 2  

(a)

   Name of Person Filing:      
    

Robert W. Roche

 

Acorn Composite Corporation

     
Item 2  

(b)

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

Robert W. Roche

c/o Acorn International Inc.

18F, 20Baoshiyuan Building, 487Tianlin Lu

Shanghai 200233

People’s Republic of China

     
    

Acorn Composite Corporation

350 S. Centre Street, Suite 500

Reno, NV 89501

USA

     
Item 2  

(c)

   Citizenship      
    

Robert W. Roche - United States of America

 

Acorn Composite Corporation - Nevada

     
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:

 

Robert W. Roche

   13,138,739
ordinary
shares
  

 

14.8%5

  13,138,739

ordinary
shares

  

 

0

   13,138,739

ordinary
shares

  

 

0

 

Acorn Composite Corporation

  

13,070,739

ordinary
shares

  

 

14.7%6

 

13,070,739

ordinary
shares

  

 

0

  

13,070,739

ordinary
shares

  

 

0

 

   Mr. Roche is the sole owner of Acorn Composite Corporation. Accordingly, Mr. Roche may be deemed to beneficially own all of the shares held by Acorn Composite Corporation.
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 88,924,915 total shares, which includes (i) 88,856,915 outstanding ordinary shares as of December 31, 2009; and (ii) 68,000 ordinary shares issuable pursuant to SARs held by Mr. Roche.

6

Based on 88,856,915 outstanding ordinary shares as of December 31, 2009.


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 28, 2010

 

Robert W. Roche

/S/    ROBERT W. ROCHE        

Acorn Composite Corporation
By:  

/S/    ROBERT W. ROCHE        

Name:   Robert W. Roche
Title:   Director


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

 

LIST OF EXHIBITS

 

Exhibit

No.

  

Description

A    Joint Filing Agreement