UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE
COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires:
February 28, 2009

 

SCHEDULE 13D

Estimated average burden hours per response . . . . . 14.5

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

INFOSONICS CORPORATION

(Name of Issuer)

 

Common Stock, $0.001 par value

(Title of Class of Securities)

 

456784 10 7

(CUSIP Number)

 

Joseph Ram
5880 Pacific Center Blvd.
San Diego, CA  92121

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

 

July 3, 2006

(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-1(e), 240.13d-1(f) or 240.13d-1(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 (however, see the Notes).

Persons who 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.



 

CUSIP No.   456784 10 7

 

 

1.

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

 

 

2.

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

 

 

(a)

 o

 

 

(b)

 o

 

 

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)     o

N/A

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
4,900,000(1)(2)

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
4,900,000

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
34.70%(3)

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

(1) The ownership reported in this Amendment No. 2 to Schedule 13D reflects the 2-for-1 stock dividend paid by the Issuer on June 19, 2006.

(2) Includes 1,080,000 shares of common stock owned by Ram Grantor Retained Annuity Trust, of which Mr. Ram is trustee.  These 1,080,000 shares are also reported in Ram Grantor Retained Annuity Trust’s Schedule 13G.  Also includes shares underlying currently exercisable options to purchase 400,000 shares of common stock at $0.85 per share until April 5, 2011 and shares underlying currently exerciseable options to purchase 50,000 shares of common stock at $8.12 per share until December 30, 2008.  See Items 5(a) and (b) below.

(3) Based on 14,120,068 shares of the Issuer’s common stock outstanding on November 10, 2006.

2



 

Item 1.

Security and Issuer

This Amendment No. 2 to Schedule 13D relates to the common stock, par value $.001 per share (the “Common Stock”), of Infosonics Corporation, whose principal executive offices are located at 5880 Pacific Center Blvd., San Diego, California  92121.

Item 2.

Identity and Background

This Amendment No. 2 to Schedule 13D relates to Joseph Ram.  Mr. Ram currently serves as Chief Executive Officer and as a director of the Issuer; his business address is 5880 Pacific Center Blvd., San Diego, California 92121.  Mr. Ram is a citizen of the U.S.A.

During the last five years, Mr. Ram has not been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors), nor has Mr. Ram been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in 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.

Item 3.

Source and Amount of Funds or Other Consideration

This Amendment No. 2 to Schedule 13D incorporates by reference the information provided under Item 3 to Schedule 13D filed by Mr. Ram on June 28, 2004, as amended by Amendment No. 1 to Schedule 13D filed by Mr. Ram on February 21, 2006.

Item 4.

Purpose of Transaction

This Amendment No. 2 to Schedule 13D incorporates by reference the information provided under Item 4 to Schedule 13D filed by Mr. Ram on June 28, 2004.

Item 5.

Interest in Securities of the Issuer

(a)

As of the date of this report, Mr. Ram beneficially owned 4,900,000 shares of the Issuer’s Common Stock comprising approximately 34.70% of the outstanding shares of the Issuer’s Common Stock, including shares underlying currently exercisable options to purchase an aggregate of 450,000 shares of Common Stock and 1,080,000 shares of common stock owned by Ram Grantor Retained Annuity Trust, of which Mr. Ram is trustee.  By reason of his position as trustee, Mr. Ram may be deemed for purposes of Section 13(d) of the Securities Exchange Act of 1934 to beneficially own all shares of the Issuer held of record by Ram Grantor Retained Annuity Trust.

(b)

Mr. Ram has sole voting and dispositive powers with respect to all shares of the Issuer’s Common Stock held in his own name, as well as those shares held of record by Ram Grantor Retained Annuity Trust.

(c)

Pursuant to a sales plan intended to comply with the provisions of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, Mr. Ram effected the following open market sales in the Issuer’s Common Stock during the period from February 21, 2006 (the date of Amendment No. 1 to Schedule 13D) to the date of this report, and Item 3 is hereby amended to incorporate such transactions:

 

3



 

Date

 

No. of Shares

 

Price Per Share

 

 

 

 

 

 

 

May 11, 2006

 

50,000

 

$

8.5759

(4)

June 19, 2006

 

400

 

$

7.660

 

June 19, 2006

 

10,000

 

$

7.500

 

June 19, 2006

 

400

 

$

7.455

 

June 19, 2006

 

2,830

 

$

7.450

 

June 19, 2006

 

2,422

 

$

7.445

 

June 19, 2006

 

10,800

 

$

7.400

 

June 19, 2006

 

200

 

$

7.385

 

June 19, 2006

 

600

 

$

7.380

 

June 19, 2006

 

148

 

$

7.375

 

June 19, 2006

 

600

 

$

7.360

 

June 19, 2006

 

1,600

 

$

7.355

 

June 19, 2006

 

1,200

 

$

7.350

 

June 19, 2006

 

800

 

$

7.345

 

June 19, 2006

 

10,000

 

$

7.341

 

June 19, 2006

 

1,400

 

$

7.330

 

June 19, 2006

 

4,400

 

$

7.325

 

June 19, 2006

 

800

 

$

7.275

 

June 19, 2006

 

1,400

 

$

7.250

 

July 3, 2006

 

150

 

$

6.070

 

July 3, 2006

 

100

 

$

6.060

 

July 3, 2006

 

1,400

 

$

6.050

 

July 3, 2006

 

500

 

$

6.040

 

July 3, 2006

 

4,100

 

$

6.030

 

July 3, 2006

 

9,100

 

$

6.020

 

July 3, 2006

 

100

 

$

6.010

 

July 3, 2006

 

800

 

$

6.000

 

July 3, 2006

 

500

 

$

5.990

 

July 3, 2006

 

250

 

$

5.980

 

July 3, 2006

 

275

 

$

5.970

 

July 3, 2006

 

700

 

$

5.960

 

July 3, 2006

 

1,700

 

$

5.950

 

July 3, 2006

 

13,800

 

$

5.930

 

July 3, 2006

 

7,350

 

$

5.920

 

July 3, 2006

 

300

 

$

5.910

 

July 3, 2006

 

2,575

 

$

5.900

 

July 3, 2006

 

2,900

 

$

5.890

 

July 3, 2006

 

1,650

 

$

5.880

 

July 3, 2006

 

200

 

$

5.870

 

July 3, 2006

 

850

 

$

5.860

 

July 3, 2006

 

700

 

$

5.850

 

August 14, 2006

 

50

 

$

6.050

 

August 14, 2006

 

100

 

$

5.470

 

August 14, 2006

 

100

 

$

6.130

 

August 14, 2006

 

135

 

$

6.140

 

 

(4) Represents the weighted average sales price; the highest price at which shares were sold was $8.75 and the lowest price at which shares were sold was $8.505.

4



 

August 14, 2006

 

350

 

$

6.180

 

August 14, 2006

 

400

 

$

5.910

 

August 14, 2006

 

1,000

 

$

6.150

 

August 14, 2006

 

1,400

 

$

5.530

 

August 14, 2006

 

1,400

 

$

5.680

 

August 14, 2006

 

1,500

 

$

5.460

 

August 14, 2006

 

1,600

 

$

5.810

 

August 14, 2006

 

1,615

 

$

6.110

 

August 14, 2006

 

1,618

 

$

5.860

 

August 14, 2006

 

2,300

 

$

5.730

 

August 14, 2006

 

2,300

 

$

6.100

 

August 14, 2006

 

2,350

 

$

6.030

 

August 14, 2006

 

2,800

 

$

5.920

 

August 14, 2006

 

2,855

 

$

5.830

 

August 14, 2006

 

3,000

 

$

5.950

 

August 14, 2006

 

3,264

 

$

5.800

 

August 14, 2006

 

3,300

 

$

5.770

 

August 14, 2006

 

3,800

 

$

5.960

 

August 14, 2006

 

4,063

 

$

5.900

 

August 14, 2006

 

8,700

 

$

5.450

 

September 18, 2006

 

100

 

$

5.850

 

September 18, 2006

 

100

 

$

5.700

 

September 18, 2006

 

100

 

$

5.390

 

September 18, 2006

 

200

 

$

5.490

 

September 18, 2006

 

200

 

$

5.360

 

September 18, 2006

 

300

 

$

5.840

 

September 18, 2006

 

300

 

$

5.670

 

September 18, 2006

 

300

 

$

5.450

 

September 18, 2006

 

400

 

$

5.470

 

September 18, 2006

 

402

 

$

5.800

 

September 18, 2006

 

420

 

$

5.730

 

September 18, 2006

 

500

 

$

5.830

 

September 18, 2006

 

500

 

$

5.370

 

September 18, 2006

 

600

 

$

5.420

 

September 18, 2006

 

700

 

$

5.750

 

September 18, 2006

 

700

 

$

5.710

 

September 18, 2006

 

900

 

$

5.380

 

September 18, 2006

 

1099

 

$

5.620

 

September 18, 2006

 

1100

 

$

5.680

 

September 18, 2006

 

1100

 

$

5.640

 

September 18, 2006

 

1200

 

$

5.630

 

September 18, 2006

 

1600

 

$

5.440

 

September 18, 2006

 

1700

 

$

5.690

 

September 18, 2006

 

1700

 

$

5.660

 

September 18, 2006

 

1700

 

$

5.560

 

September 18, 2006

 

1800

 

$

5.400

 

September 18, 2006

 

1900

 

$

5.650

 

September 18, 2006

 

1900

 

$

5.510

 

September 18, 2006

 

2000

 

$

5.550

 

September 18, 2006

 

2200

 

$

5.500

 

September 18, 2006

 

2685

 

$

5.610

 

September 18, 2006

 

3098

 

$

5.810

 

 

5



 

September 18, 2006

 

3416

 

$

5.600

 

September 18, 2006

 

3600

 

$

5.820

 

September 18, 2006

 

4600

 

$

5.410

 

September 18, 2006

 

4880

 

$

5.720

 

October 2, 2006

 

50

 

$

5.990

 

October 2, 2006

 

100

 

$

5.970

 

October 2, 2006

 

110

 

$

6.050

 

October 2, 2006

 

200

 

$

5.950

 

October 2, 2006

 

300

 

$

5.980

 

October 2, 2006

 

500

 

$

5.790

 

October 2, 2006

 

600

 

$

6.000

 

October 2, 2006

 

700

 

$

5.820

 

October 2, 2006

 

700

 

$

5.960

 

October 2, 2006

 

1,700

 

$

5.890

 

October 2, 2006

 

1,947

 

$

5.870

 

October 2, 2006

 

2,000

 

$

5.850

 

October 2, 2006

 

2,000

 

$

5.930

 

October 2, 2006

 

2,140

 

$

5.810

 

October 2, 2006

 

2,300

 

$

5.840

 

October 2, 2006

 

2,500

 

$

5.920

 

October 2, 2006

 

2,740

 

$

5.860

 

October 2, 2006

 

2,800

 

$

5.940

 

October 2, 2006

 

3,978

 

$

5.900

 

October 2, 2006

 

4,400

 

$

5.910

 

October 2, 2006

 

4,775

 

$

5.880

 

October 2, 2006

 

6,400

 

$

5.830

 

October 2, 2006

 

7,060

 

$

5.800

 

November 13, 2006

 

100

 

$

4.160

 

November 13, 2006

 

300

 

$

4.170

 

November 13, 2006

 

580

 

$

4.110

 

November 13, 2006

 

700

 

$

4.050

 

November 13, 2006

 

800

 

$

4.040

 

November 13, 2006

 

900

 

$

4.070

 

November 13, 2006

 

900

 

$

3.990

 

November 13, 2006

 

955

 

$

4.130

 

November 13, 2006

 

1,000

 

$

4.140

 

November 13, 2006

 

1,300

 

$

4.000

 

November 13, 2006

 

1,500

 

$

4.030

 

November 13, 2006

 

2,200

 

$

4.090

 

November 13, 2006

 

3,000

 

$

4.060

 

November 13, 2006

 

3,400

 

$

4.010

 

November 13, 2006

 

3,845

 

$

4.120

 

November 13, 2006

 

4,900

 

$

4.020

 

November 13, 2006

 

5,720

 

$

4.100

 

November 13, 2006

 

17,900

 

$

4.080

 

 

(d)    Not applicable.

(e)    Not applicable.

 

6



 

Item 6.

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

This Amendment No. 2 to Schedule 13D incorporates by reference the information provided under Item 4 to Schedule 13D filed by Mr. Ram on June 28, 2004.

Item 7.

Material to Be Filed as Exhibits

Not applicable.

 

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.

 

November 15, 2006

 

Date

 


/s/ Joseph Ram

 

Signature

 


Joseph Ram, Individually

 

Name/Title

 

7