UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._____)*
J. Alexander’s Corporation
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.05 PER SHARE
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(Title of Class of Securities)
466096104
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(CUSIP Number)
June 08, 2011
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] 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 disclosures provided in a prior cover page.
The information required on the reminder 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).
CUSIP NO. 466096104
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
FIPA, LLC
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [_]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization
Florida
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Number of Shares Beneficially Owned by Each Reporting Person
(5) Sole Voting Power 120,000
(6) Shared Voting Power 0
(7) Sole Dispositive Power 120,000
(8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
120,000
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
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11. Percent of Class Represented by Amount in Row 9
2.0%
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12. Type of Reporting Person CO
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CUSIP NO. 466096104
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Pagidipati Family Limited Partnership
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [_]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization
Florida
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Number of Shares Beneficially Owned by Each Reporting Person
(5) Sole Voting Power 270,188
(6) Shared Voting Power 0
(7) Sole Dispositive Power 270,188
(8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
270,188
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
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11. Percent of Class Represented by Amount in Row 9
4.5%
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12. Type of Reporting Person PN
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CUSIP NO. 466096104
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Rahul Pagidipati
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [_]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization
USA
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Number of Shares Beneficially Owned by Each Reporting Person
(5) Sole Voting Power 21,625
(6) Shared Voting Power 390,188
(7) Sole Dispositive Power 21,625
(8) Shared Dispositive Power 390,188
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
411,813
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
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11. Percent of Class Represented by Amount in Row 9
6.9%
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12. Type of Reporting Person IN
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CUSIP NO. 466096104
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Drs. Devaiah and Rudrama Pagidipati joint tenants
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [_]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization
Dr. Devaiah Pagidipati is a permanent resident of the United States of America and a citizen of India. Dr. Rudrama Pagidipati is a citizen of the United States of America.
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Number of Shares Beneficially Owned by Each Reporting Person
(5) Sole Voting Power 5,421
(6) Shared Voting Power 390,188
(7) Sole Dispositive Power 5,421
(8) Shared Dispositive Power 390,188
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
395,609
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
[_]
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11. Percent of Class Represented by Amount in Row 9
6.6%
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12. Type of Reporting Person IN
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CUSIP NO. 466096104
Item 1. (a) NAME OF ISSUER
J. Alexander’s Corporation
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
3401 West End Avenue Suite 260, Nashville, TN 37203
Item 2. (a) NAMES OF PERSONS FILING
(i) FIPA, LLC
(ii) Pagidipati Family Limited Partnership
(iii) Rahul Pagidipati
(iv) Drs. Devaiah and Rudrama Pagidipati
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE
2955 SE 3rd Court Ocala, FL 34471
(c) CITIZENSHIP
Dr. Devaiah Pagidipati is a citizen of India. Dr. Rudrama Pagidipati and Rahul Pagidipati are citizens of the United States of America. Both FIPA, LLC and Pagidipati Family Limited Partnership are organized in Florida.
(d) TITLE OF CLASS OF SECURITIES
Common Stock, par value $0.05 per share (the "Common Stock").
(e) CUSIP NUMBER
466096104
Item 3. Not Applicable.
Item 4. OWNERSHIP.
Set forth below is the aggregate number of shares of Common Stock, held as of the date hereof by each of the following, together with the percentage of the outstanding shares of Common Stock that such number represents based upon 5,985,453 shares outstanding as reported on the Company's SEC Form 8-K filed on May 25, 2011.
|
Name |
Number of Shares |
Percentage of Class Outstanding |
|
|
FIPA, LLC |
120,000 |
2.00% |
|
|
Pagidipati Family LP |
270,188 |
4.50% |
|
|
Rahul Pagidipati |
411,813 |
6.90% |
|
|
Drs. Devaiah and Rudrama Pagidipati Jt Ten |
395,609 |
6.60% |
|
|
Total |
417,234 |
6.96% |
FIPA, LLC, Pagidipati Family LP, Rahul Pagidipati and Drs. Devaiah and Rudrama Pagidipati Joint Tenants have verbally agreed and intend to vote any proxies or act on any shareholder matters as one group. No member of the group has the power or right to vote or dispose of the shares of any other member of the group.
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
Not applicable.
Item 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
See Item 2.
Item 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
Item 10. CERTIFICATION
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.
SIGNATURES
After reasonable enquiry 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 6/17/2011
FIPA, LLC
By: /s/ Devaiah Pagidipati
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Name: Devaiah Pagidipati
Chief Executive Officer
Pagidipati Family LP
By: /s/ Rahul Pagidipati
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Name: Rahul Pagidipati
General Partner
By: /s/ Rahul Pagidipati
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Name: Rahul Pagidipati
By: /s/ Devaiah Pagidipati
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Name: Devaiah Pagidipati
By: /s/ Rudrama Pagidipati
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Name: Rudrama Pagidipati
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of J. Alexander's Corporation dated as of June 8, 2011, and any amendments thereto signed by each of the undersigned, shall be filed on behalf of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
Dated as of 6/17/2011
FIPA, LLC
By: /s/ Devaiah Pagidipati
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Name: Devaiah Pagidipati
Chief Executive Officer
Pagidipati Family LP
By: /s/ Rahul Pagidipati
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Name: Rahul Pagidipati
General Partner
By: /s/ Rahul Pagidipati
-------------------------------
Name: Rahul Pagidipati
By: /s/ Devaiah Pagidipati
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Name: Devaiah Pagidipati
By: /s/ Rudrama Pagidipati
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Name: Rudrama Pagidipati