SC 13G 1 v154803_sc13g.htm

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No....)
 
(Name of Issuer)
Sino-Global Shipping America, Ltd.
(Title of Class of Securities)
Common Stock
(CUSIP Number)
82935W 10 9
(Date of Event Which Requires Filing of this Statement)
June 30, 2009
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)
x Rule 13d-1(c)
o Rule 13d-1(d)
 
*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).
 
 

 
Daniel E. Kern owns 176,200 shares in his individual name, 187,900 shares in the Daniel E. Kern ROTH IRA, and 25,000 shares through Kern Asset Management.  Mr. Kern maintains sole voting and dispositive power as to these shares.
 
 
CUSIP No.  82935W 10 9
(1)Names of reporting persons.
Kern Asset Management
(2) Check the appropriate box if a member of a group (see instructions)
(a)
(b)
(3) SEC use only
(4) Citizenship or place of organization 
California
Number of shares beneficially owned by each reporting person with:
(5)Sole voting power** 
389,100
(6)Shared voting power
(7)Sole dispositive power** 
389,100
(8)Shared dispositive power
(9)Aggregate amount beneficially owned by each reporting person 
389,100
(10)Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
(11)Percent of class represented by amount in Row 9 
13.17%
(12)Type of reporting person (see instructions) 
IN
Daniel E. Kern owns 176,200 shares in his individual name, 187,900 shares in the Daniel E. Kern ROTH IRA, and 25,000 shares through Kern Asset Management.  Mr. Kern maintains sole voting and dispositive power as to these shares.
 


Item 1.
 
Sino-Global Shipping America, Ltd.
36-09 Main Street
 
Suite 9C-2
 
Flushing, NY  11354

 
 
This statement is filed by Daniel E. Kern and Kern Asset Management.
1027 Goldenrod Ave
 
Corona Del Mar, CA 92625
California
Common Stock, without par value per share
82935W 10 9

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
 
 
a.
o Broker or dealer registered under Section 15 of the Act.
 
 
o Bank as defined in Section 3(a)(6) of the Act.
 
 
o Insurance company as defined in Section 3(a)(19) of the Act.
 
 
o Investment company registered under Section 8 of the Investment Company Act of 1940.
 
 
o An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
 
 
o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
 
 
o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
 
 
o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
 
o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
 
 
o Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
 
 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

The information required by Items 4(a) – (c) is set forth in Rows 5 – 11 of the cover page for the Reporting Person hereto and is incorporated by reference for the Reporting Person.


Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].


If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.


If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.


If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.


Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.

Item 10. Certifications
 
 
The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c):
 
 
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.
 
 
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.
 
Dated as of July 10, 2009
 
 
Signature
  
/s/ Daniel E. Kern
  
Name/Title
  
Daniel E. Kern
  
   
Individual
  

 
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.

Dated as of July 10, 2009
 
    Kern Asset Management  
         
         
Signature
  
By:
/s/ Daniel E. Kern
  
Name/Title
  
Name:
Daniel E. Kern
  
   
Its:
President