Page 3 of 4 – SEC Filing
| Item 1. | Security and Issuer |
| | | Inuvo, Inc. (the “Issuer”) Common Stock (the “Shares”) 111 Main Street, Suite 201 Conway, AR 72032 |
| Item 2. | Identity and Background |
| | (a) | This Schedule 13D is being filed by Tocqueville Asset Management, LP (the “Reporting Person”.) The Reporting Person is a Delaware limited partnership with its principal business address at 40 West 57th Street, 19th Floor, New York, New York 10019. Tocqueville Management Corporation (“TMC”) is the general partner of the Reporting Person. TMC does not own any Shares in its own accounts. The principal business address of TMC is at 40 West 57th Street, 19th Floor, New York, New York 10019. The Shares reported herein are held in the name of certain client accounts advised by the Reporting Person. |
| | (b) |
| | (c) |
| | (d) | The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
| | (e) | The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were or are 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) |
| Item 3. | Source and Amount of Funds or Other Consideration |
| | | As of the date hereof the Reporting Person may be deemed to beneficially own 2,308,411 Shares. No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes in the ordinary course of business. |
| Item 4. | Purpose of Transaction |
| | The Reporting Person acquired the Shares of the Issuer for investment purposes. The Reporting Person evaluates the investment in the Shares on a continual basis. The Reporting Person has no plans or proposals as of the date of this filing which relate to, or would result in, any of the actions enumerated in Item 4 of the instructions to Schedule 13D. Charles D. Morgan, a related person of Tocqueville Asset Management, L.P., serves as a Director of Inuvo, Inc. Rich Howe, an advisory client of Tocqueville Asset Management, L.P., serves as Chairman and CEO of Inuvo, Inc. G. Kent Burnett, an advisory client of Tocqueville Asset Management, L.P. serves as a Director of Inuvo, Inc. |
| | (a) |
| | (b) |
| | (c) |
| | (d) |
| | (e) |
| | (f) |
| | (g) |
| | (h) |
| | (i) |
| | (j) |
| Item 5. | Interest in Securities of the Issuer |
| | (a) | As of the date hereof, the Reporting Person may be deemed to be the beneficial owner of 2,308,411 Shares, constituting 8.11% of the Shares of the Issuer, based upon the 28,480,660 Shares outstanding based on information provided in the Issuer’s most recently filed Form 10-Q. The Reporting Person has the sole power to vote or direct the vote of 2,308,411 Shares; has the shared power to vote or direct the vote of 2,308,411 Shares; has sole power to dispose or direct the disposition of 2,308,411 Shares; and has shared power to dispose or direct the disposition of 2,308,411 Shares. The Reporting Person disclaims beneficial ownership in the Shares reported herein except to the extent of its pecuniary interest therein. |
| | (b) |
| | (c) |
| | | Transaction Date | Shares or Units Purchased (Sold) | Price Per Share or Unit |
| | |
| | |
| | (d) |
| | (e) |
| Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
| | | Not Applicable. |
| Item 7. | Material to Be Filed as Exhibits |
| | | Not Applicable. |
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