UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
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Industrial Services of America, Inc. (IDSA)
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(Name of Issuer)
COMMON
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(Title of Class of Securities)
456314103
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(CUSIP Number)
David T. Russell, Ph.D., PO BOX 280481, Northridge, CA 91328-0481
310-709-2659
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
August 9, 2011
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(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
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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)
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
3) SEC USE ONLY
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4) SOURCE OF FUNDS
PF
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5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6) CITIZENSHIP OR PLACE OF ORGANIZATION
California
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7) SOLE VOTING POWER
NUMBER OF
375,524 common shares (5.41%)
SHARES -----------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 0
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EACH
9) SOLE DISPOSITIVE POWER
REPORTING
375,524 shares (5.41%)
PERSON -----------------------------------------------
WITH 10) SHARED DISPOSITIVE POWER
0
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11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Aggregate amount owned is 375,524 shares (5.41%)
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12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ X ]
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13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.41%
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14) TYPE OF REPORTING PERSON*
IN
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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.
Item 5. Interest in Securities of the Issuer
(a,b) Filer owns and has sole voting and dispositive power over
375,524 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
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7/26/11 1,267 10.61
7/27/11 2,500 10.05
8/2/11 1,034 9.88
8/3/11 941 9.90
8/5/11 6,025 8.87
8/8/11 8,400 8.01
8/9/11 9,399 6.04
8/10/11 2,201 5.97
8/15/11 6,800 6.87
8/16/11 1,200 6.74
8/17/11 5,900 6.49
8/18/11 3,500 6.17
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Total: 49,167 Avg $7.39 (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.
August 18, 2011 David T. Russell, PhD
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Date David T. Russell, PhD