*
|
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.
|
CUSIP No. 46122W204
|
|
13G
|
|
Page 2 of 8 Pages
|
||||||||||||||||||
|
||||||||||||||||||||||
1.
|
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ONSET V, L.P.
|
||||||||||||||||||||
2.
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐ (b) ý (1)
|
||||||||||||||||||||
3.
|
|
SEC USE ONLY
|
||||||||||||||||||||
4.
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||||||||||||||||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
5.
|
|
SOLE VOTING POWER
0
|
||||||||||||||||||
|
6.
|
|
SHARED VOTING POWER
2,559,691 (2)
|
|||||||||||||||||||
|
7.
|
|
SOLE DISPOSITIVE POWER
0
|
|||||||||||||||||||
|
8.
|
|
SHARED DISPOSITIVE POWER
2,559,691 (2)
|
|||||||||||||||||||
9.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,559,691 (2)
|
||||||||||||||||||||
10.
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
☐
|
||||||||||||||||||||
11.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.97% (3)
|
||||||||||||||||||||
12.
|
|
TYPE OF REPORTING PERSON (see instructions)
PN
|
(1)
|
This Schedule 13G is filed by ONSET V, L.P. ("ONSETV"), ONSET V Management LLC ("ONSETVM"), Terry L. Opdendyk and Robert F. Kuhling, Jr. (collectively, the "Reporting Persons"). The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
|
(2)
|
Includes 383,954 shares held in escrow pursuant to an Escrow Agreement dated February 6, 2017. The shares are held directly by ONSETV. ONSETVM serves as the sole general partner of ONSETV. ONSETVM does not directly own any securities of the Issuer. Terry L. Opdendyk and Robert F. Kuhling, Jr. may be deemed to have shared power to vote or direct the vote of, and to dispose or direct the disposition of, the securities of the Issuer held by ONSETV but disclaim beneficial ownership thereof except to the extent of their pecuniary interest therein.
|
(3)
|
This calculation is based on 28,544,272 shares of Common Stock, par value $0.001 per share, reported to be outstanding in the Issuer's Quarterly Report on Form 10-Q filed for the quarterly period ended March 31, 2017, filed with the Securities and Exchange Commission on May 5, 2017.
|
CUSIP No. 46122W204
|
|
13G
|
|
Page 3 of 8 Pages
|
||||||||||||||||||
|
||||||||||||||||||||||
1.
|
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
ONSET V Management, LLC
|
||||||||||||||||||||
2.
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐ (b) ý (1)
|
||||||||||||||||||||
3.
|
|
SEC USE ONLY
|
||||||||||||||||||||
4.
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||||||||||||||||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
5.
|
|
SOLE VOTING POWER
0
|
||||||||||||||||||
|
6.
|
|
SHARED VOTING POWER
2,559,691 (2)
|
|||||||||||||||||||
|
7.
|
|
SOLE DISPOSITIVE POWER
0
|
|||||||||||||||||||
|
8.
|
|
SHARED DISPOSITIVE POWER
2,559,691 (2)
|
|||||||||||||||||||
9.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,559,691 (2)
|
||||||||||||||||||||
10.
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
☐
|
||||||||||||||||||||
11.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.97% (3)
|
||||||||||||||||||||
12.
|
|
TYPE OF REPORTING PERSON (see instructions)
OO
|
(1)
|
The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
|
(2)
|
Includes 383,954 shares held in escrow pursuant to an Escrow Agreement dated February 6, 2017. The shares are held directly by ONSETV. ONSETVM serves as the sole general partner of ONSETV. ONSETVM does not directly own any securities of the Issuer. Terry L. Opdendyk and Robert F. Kuhling, Jr. may be deemed to have shared power to vote or direct the vote of, and to dispose or direct the disposition of, the securities of the Issuer held by ONSETV but disclaim beneficial ownership thereof except to the extent of their pecuniary interest therein.
|
(3)
|
This calculation is based on 28,544,272 shares of Common Stock, par value $0.001 per share, reported to be outstanding in the Issuer's Quarterly Report on Form 10-Q filed for the quarterly period ended March 31, 2017, filed with the Securities and Exchange Commission on May 5, 2017.
|
CUSIP No. 46122W204
|
|
13G
|
|
Page 4 of 8 Pages
|
||||||||||||||||||
|
||||||||||||||||||||||
1.
|
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Terry L. Opdendyk
|
||||||||||||||||||||
2.
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐ (b) ý (1)
|
||||||||||||||||||||
3.
|
|
SEC USE ONLY
|
||||||||||||||||||||
4.
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
|
||||||||||||||||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
5.
|
|
SOLE VOTING POWER
0
|
||||||||||||||||||
|
6.
|
|
SHARED VOTING POWER
2,559,691 (2)
|
|||||||||||||||||||
|
7.
|
|
SOLE DISPOSITIVE POWER
0
|
|||||||||||||||||||
|
8.
|
|
SHARED DISPOSITIVE POWER
2,559,691 (2)
|
|||||||||||||||||||
9.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,559,691 (2)
|
||||||||||||||||||||
10.
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
☐
|
||||||||||||||||||||
11.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.97% (3)
|
||||||||||||||||||||
12.
|
|
TYPE OF REPORTING PERSON (see instructions)
IN
|
(1)
|
The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
|
(2)
|
Includes 383,954 shares held in escrow pursuant to an Escrow Agreement dated February 6, 2017. The shares are held directly by ONSETV. ONSETVM serves as the sole general partner of ONSETV. ONSETVM does not directly own any securities of the Issuer. Terry L. Opdendyk and Robert F. Kuhling, Jr. may be deemed to have shared power to vote or direct the vote of, and to dispose or direct the disposition of, the securities of the Issuer held by ONSETV but disclaim beneficial ownership thereof except to the extent of their pecuniary interest therein.
|
(3)
|
This calculation is based on 28,544,272 shares of Common Stock, par value $0.001 per share, reported to be outstanding in the Issuer's Quarterly Report on Form 10-Q filed for the quarterly period ended March 31, 2017, filed with the Securities and Exchange Commission on May 5, 2017.
|
CUSIP No. 46122W204
|
|
13G
|
|
Page 5 of 8 Pages
|
||||||||||||||||||
|
||||||||||||||||||||||
1.
|
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Robert F. Kuhling, Jr.
|
||||||||||||||||||||
2.
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐ (b) ý (1)
|
||||||||||||||||||||
3.
|
|
SEC USE ONLY
|
||||||||||||||||||||
4.
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
|
||||||||||||||||||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
|
5.
|
|
SOLE VOTING POWER
0
|
||||||||||||||||||
|
6.
|
|
SHARED VOTING POWER
2,559,691 (2)
|
|||||||||||||||||||
|
7.
|
|
SOLE DISPOSITIVE POWER
0
|
|||||||||||||||||||
|
8.
|
|
SHARED DISPOSITIVE POWER
2,559,691 (2)
|
|||||||||||||||||||
9.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,559,691 (2)
|
||||||||||||||||||||
10.
|
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
☐
|
||||||||||||||||||||
11.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.97% (3)
|
||||||||||||||||||||
12.
|
|
TYPE OF REPORTING PERSON (see instructions)
IN
|
(1)
|
The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
|
(2)
|
Includes 383,954 shares held in escrow pursuant to an Escrow Agreement dated February 6, 2017. The shares are held directly by ONSETV. ONSETVM serves as the sole general partner of ONSETV. ONSETVM does not directly own any securities of the Issuer. Terry L. Opdendyk and Robert F. Kuhling, Jr. may be deemed to have shared power to vote or direct the vote of, and to dispose or direct the disposition of, the securities of the Issuer held by ONSETV but disclaim beneficial ownership thereof except to the extent of their pecuniary interest therein.
|
(3)
|
This calculation is based on 28,544,272 shares of Common Stock, par value $0.001 per share, reported to be outstanding in the Issuer's Quarterly Report on Form 10-Q filed for the quarterly period ended March 31, 2017, filed with the Securities and Exchange Commission on May 5, 2017.
|
CUSIP No. 46122W204
|
|
13G
|
|
Page 6 of 8 Pages
|
Item 1.
|
|
(a)
|
Name of Issuer
|
|
|
Inuvo, Inc. (the "Issuer")
|
|
(b)
|
Address of Issuer's Principal Executive Offices
|
|
|
500 President Clinton Avenue, Suite 300, Little Rock, AR 72201
|
Item 2.
|
|
(a)
|
Name of Person Filing
|
|
|
ONSET V, L.P. ("ONSETV")
|
ONSET V Management, L.L.C. ("ONSETVM")
|
||
Terry L. Opdendyk ("Opdendyk")
|
||
Robert F. Kuhling, Jr. ("Kuhling")
|
|
(b)
|
Address of the Principal Office or, if none, residence
|
|
|
2400 Sand Hill Road, Suite 150
|
Menlo Park, California 94025
|
|
(c)
|
Citizenship
|
Entities:
|
||
|
|
ONSETV – Delaware
|
ONSETVM - Delaware
|
||
Individuals:
|
||
Opdendyk – United States of America
|
||
Kuhling – United States of America
|
|
(d)
|
Title of Class of Securities
|
|
|
Common Stock, par value $0.001 per share.
|
|
(e)
|
CUSIP Number
|
||
|
|
46122W204
|
Item 3.
|
CUSIP No. 46122W204
|
|
13G
|
|
Page 7 of 8 Pages
|
Item 4.
|
Ownership.
|
|
(a)
|
Amount beneficially owned: See Row 9 of cover page for each Reporting Person
|
|
(b)
|
Percent of class: See Row 11 of cover page for each Reporting Person
|
|
(c)
|
Number of shares as to which the person has:
|
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.
|
Item 7.
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
|
Item 8.
|
Identification and Classification of Members of the Group.
|
Item 9.
|
Notice of Dissolution of Group.
|
Item 10.
|
Certifications.
|
By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.
|
CUSIP No. 46122W204
|
|
13G
|
|
Page 8 of 8 Pages
|
ONSET V, L.P.
|
||
By: ONSET V Management, LLC
|
||
Its: General Partner
|
||
By:
|
|
/s/ Terry L. Opdendyk
|
|
Terry L. Opdendyk
Managing Director of the General Partner
|
|
By:
|
|
/s/ Robert F. Kuhling, Jr.
|
|
Robert F. Kuhling, Jr.
Managing Director of the General Partner
|
|
ONSET V Management, LLC
|
||
By:
|
|
/s/ Terry L. Opdendyk
|
|
Terry L. Opdendyk
Managing Director of the General Partner
|
|
By:
|
|
/s/ Robert F. Kuhling, Jr.
|
|
Robert F. Kuhling, Jr.
Managing Director of the General Partner
|
|
|
/s/ Terry L. Opdendyk
|
|
|
Terry L. Opdendyk
|
|
|
/s/ Robert F. Kuhling, Jr.
|
|
|
Robert F. Kuhling, Jr.
|
|
ONSET V, L.P.
|
|||||
By:
|
|
ONSET V Management, LLC
|
|||
Its:
|
|
General Partner
|
|||
By:
|
|
/s/ Terry L. Opdendyk
|
|||
|
Terry L. Opdendyk
Managing Director of the General Partner
|
||||
By:
|
|
/s/ Robert F. Kuhling, Jr.
|
|||
|
Robert F. Kuhling, Jr.
Managing Director of the General Partner
|
||||
ONSET V Management, LLC
|
|||||
By:
|
|
/s/ Terry L. Opdendyk
|
|||
|
Terry L. Opdendyk
Managing Director of the General Partner
|
||||
By:
|
|
/s/ Robert F. Kuhling, Jr.
|
|||
|
Robert F. Kuhling, Jr.
Managing Director of the General Partner
|
||||
|
/s/ Terry L. Opdendyk
|
||||
|
Terry L. Opdendyk
|
||||
|
/s/ Robert F. Kuhling, Jr.
|
||||
|
Robert F. Kuhling, Jr.
|
||||