0001528215-11-000004.txt : 20111014 0001528215-11-000004.hdr.sgml : 20111014 20111013185627 ACCESSION NUMBER: 0001528215-11-000004 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111014 DATE AS OF CHANGE: 20111013 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RUSSELL DAVID TREADWAY CENTRAL INDEX KEY: 0001528215 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 1720 ENSLEY AVE CITY: LOS ANGELES STATE: CA ZIP: 90024 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INDUSTRIAL SERVICES OF AMERICA INC /FL CENTRAL INDEX KEY: 0000004187 STANDARD INDUSTRIAL CLASSIFICATION: SANITARY SERVICES [4950] IRS NUMBER: 590172746 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-18404 FILM NUMBER: 111140469 BUSINESS ADDRESS: STREET 1: 7100 GRADE LN BLDG 4 STREET 2: P O BOX 32428 CITY: LOUISVILLE STATE: KY ZIP: 40232 BUSINESS PHONE: 5023681661 MAIL ADDRESS: STREET 1: 7100 GRADE LANE BLDG 4 STREET 2: P O BOX 32428 CITY: LOUISVILLE STATE: KY ZIP: 40232 FORMER COMPANY: FORMER CONFORMED NAME: ALSON INDUSTRIES INC DATE OF NAME CHANGE: 19840807 FORMER COMPANY: FORMER CONFORMED NAME: ALSON MANUFACTURING CO INC DATE OF NAME CHANGE: 19700920 SC 13D/A 1 RussIDSA2.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* ----- Industrial Services of America, Inc. (IDSA) ------------------------------------------------------------------------- (Name of Issuer) COMMON ------------------------------------------------------------------------- (Title of Class of Securities) 456314103 ------------------------------ (CUSIP Number) David T. Russell, Ph.D., PO BOX 280481, Northridge, CA 91328-0481 310-709-2659 ------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 4, 2011 ------------------------------- (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. [ ] 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 the disclosures provided in a prior cover page. The information required in 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). SCHEDULE 13D --------------------- CUSIP No. 456314103 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON David T. Russell, Ph.D. (ID Number Furnished Upon Appropriate Request) ------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ X ] 3) SEC USE ONLY ------------------------------------------------------------------- 4) SOURCE OF FUNDS PF ------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] ------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION California ------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 464,639 common shares (6.69%) SHARES ------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY 0 ------------------------------------------- EACH 9) SOLE DISPOSITIVE POWER REPORTING 464,639 shares (6.69%) PERSON ------------------------------------------- WITH 10) SHARED DISPOSITIVE POWER 0 ------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Aggregate amount owned is 464,639 shares (6.69%) ------------------------------------------------------------------- 12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ X ] ------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.69% ------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON* IN ------------------------------------------------------------------- Item 1. Security and Issuer Common stock of Industrial Services of America, Inc. (IDSA) 7100 Grade Lane, Louisville, KY, 40213. Item 2. Identity and Background David T. Russell is an individual investor residing in Los Angeles, California, and is a citizen of the United States and the State of California. No convictions or administrative proceedings. Item 3. Source and Amount of Funds or Other Consideration Source of funds is personal investment capital. Item 4. Purpose of Transaction The purpose of the share purchases is for investment in a leading scrap recyler. The filer believes that IDSA management is doing an excellent job navigating through a difficult stainless steel demand environment. IDSA's valuation has been depressed by temporary earnings pressure, an uncertain macro picture, equity market volatility and a lack of sponsorship. Future purchases and sales of IDSA common stock are possible. The filer hopes to work with IDSA's management and Board of Directors to increase shareholder value and raise the company's visibility with prospective investors. Also, the filer will encourage certain members of the Company's Board to make a more significant investment in the Company's shares with personal funds in order to align their interests more directly with the interests of shareholders. If these purchases do not take place relatively soon, filer intends to introduce a measure for shareholder vote that would require minimum levels of stock ownership for Board members. Item 5. Interest in Securities of the Issuer (a,b) Filer owns and has sole voting and dispositive power over 464,639 shares of IDSA common stock. *Filer disclaims interest in 3,279 shares held by wife as custodian. (c) Filer's transactions in the last sixty days include Purchases of common shares through the following transactions: No. of IDSA Avg. Purchase Date shares purchased price ------ ----------------- -------- 8/22/11 400 6.48 8/23/11 400 6.57 8/24/11 1,001 6.51 8/26/11 2,718 7.06 8/29/11 4,029 7.20 8/30/11 33 7.19 9/1/11 2,665 7.54 9/2/11 2,800 7.28 9/6/11 800 7.00 9/7/11 4,200 7.36 9/8/11 3,775 7.19 9/9/11 3,599 7.03 9/12/11 15,480 6.54 9/13/11 1,000 6.45 9/14/11 1,001 6.39 9/15/11 200 6.59 9/16/11 2 6.40 9/19/11 1,178 6.41 9/20/11 108 6.36 9/21/11 100 6.34 9/23/11 2,002 5.94 9/26/11 6,020 5.70 9/27/11 8,690 5.78 9/30/11 900 5.79 10/3/11 1,500 5.62 10/4/11 2,101 5.46 10/5/11 4,800 5.61 10/11/11 2,399 6.39 10/12/11 6,740 6.40 10/13/11 3,260 6.18 ------- ------ Total: 79,382 Avg. $6.43 (Approximate) (d) N/A (e) N/A Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer N/A Item 7. Material to be Filed as Exhibits N/A 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. October 13, 2011 David T. Russell, PhD ------------------ ------------------------------ Date David T. Russell, PhD