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Filing Details

Accession Number:: 0001209191-10-044404
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-08-30 16:06:59
Reporting Period:: 2010-08-26

Filing Date:: 2010-08-30
Accepted Time:: 2010-08-30 16:06:59
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1371489	Information Services Group Inc.	III	Services-Management Consulting Services (8742)	205261587

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1162095	Eric Semler	888 Seventh Avenue, Suite 1504 New York NY 10019		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-08-26	23,000	$1.45	23,000	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2010-08-27	19,000	$1.44	42,000	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2010-08-30	15,000	$1.53	57,000	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	689,600	Indirect	See Footnote
Commont Stock	1,804,100	Indirect	See Footnote
Common Stock	17,747,000	Indirect	See Footnote

Footnotes

The filing of this Form 4 shall not be construed as an admission that Eric Semler is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the common stock, par value $0.001 per share (the "Common Stock") of Information Services Group, Inc. (the "Issuer") owned by TCS Capital, L.P., TCS Capital II, L.P., TCS Capital Investments, L.P. (collectively, the "Capital Funds") and TCS Select, L.P. (the "Select Fund", and together with the Capital Funds, the "Funds"). Pursuant to Rule 16a-1, the Reporting Person disclaims such beneficial ownership beyond its pecuniary interest.
The Funds hold Common Stock for their own accounts. TCS Capital GP, LLC ("Capital GP") holds indirectly Common Stock for the accounts of the Capital Funds, of which Capital GP is the general partner. TCS Select GP, LLC ("Select GP") holds indirectly Common Stock for the account of the Select Fund, of which Select GP is the general partner. Each of Capital GP and Select GP receive an allocation of a portion of net profits from and own a partnership interest in the Capital Funds and the Select Fund, respectively. Semler Chutorian LLC ("Semler LLC") reports Common Stock held indirectly by Select GP because, as managing member of Select GP, Semler LLC controls the disposition and voting of the securities indirectly held by Select GP. Mr. Semler reports the shares held indirectly by Capital GP and Semler LLC because, as the manager of each of Capital GP and Semler LLC, at the time of purchase, Mr. Semler controlled the disposition and voting of the securit ies.
This Form 4 is being filed to report the purchase of Common Stock by the Select Fund.
On or around the date of this filing, each of the Select Fund, Select GP and Semler LLC will file a Form 3 with respect to the Issuer. With respect to any subsequent transactions in the Issuer's Common Stock by the Reporting Person, Capital GP, Select GP, Semler LLC or the Funds, the Reporting Person, Capital GP, Select GP, Semler LLC and the Funds will file a joint Form 4.
As of the date of this filing, TCS Capital, L.P. ("Capital Fund") holds 689,600 shares of Common Stock. Capital Fund has not engaged in a reportable transaction as of the date of this filing.
As of the date of this filing, TCS Capital II, L.P. ("Capital II Fund") holds 1,804,100 shares of Common Stock. Capital II Fund has not engaged in a reportable transaction as of the date of this filing.
As of the date of this filing, TCS Capital Investments, L.P. ("Capital Investments Fund") holds 1,774,700 shares of Common Stock. Capital Investments Fund has not engaged in a reportable transaction as of the date of this filing.