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OMB APPROVAL
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OMB Number: 3235-0104
Expires: October 31, 2001
Estimated average burden
hours per response.....0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
_______________________________________________________________________________
1. Name and Address of Reporting Person*
COMMERCE INVESTMENT GROUP, LLC
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(Last) (First) (Middle)
5840 EAST SLAUSON AVENUE
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(Street)
COMMERCE CA 90040
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(City) (State) (Zip)
_______________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)
08/11/2000 and 10/30/2000
_______________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
_______________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
INNOVO GROUP INC. (INNO)
_______________________________________________________________________________
5. Relationship of Reporting Person to Issuer (Check all applicable)
[ ] Director [X] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
_______________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
_______________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form Filed by One Reporting Person
[X] Form Filed by More than one Reporting Person
_______________________________________________________________________________
<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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2. 3.
Amount of Ownership
Securities Form: 4.
1. Beneficially Direct (D) or Nature of Indirect
Title of Security Owned Indirect (I) Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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<S> <C> <C> <C>
COMMON STOCK 1,863,637(1) D
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COMMON STOCK 500,000(2) D
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COMMON STOCK 250,000(3) D
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COMMON STOCK 250,000(4) D
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</TABLE>
*The reporting person is a member of a Section 13(d) group that owns more than
10% of the issuer's outstanding common stock.
SEC 1472 (3-99)
Page 1 of 3
<PAGE>
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TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS,
CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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<TABLE>
<CAPTION>
2. 3.
Date Title and Amount
Exercisable and of Securities Underlying 5.
Expiration Date Derivative Security 4. Ownership Form
1. (month/day/year) (Instr. 4) Conversion of Derivative
Title of ---------------- -------------------------- or Exercise Securities 6.
Derivative Date Expira- Amount or Price of Direct (D) or Nature of Indirect
Security Exer- tion Number of Derivative Indirect (I) Beneficial Ownership
(Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
WARRANT 10/30/00 10/29/03 COMMON STOCK 3,000,000(1) $1.00 D
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WARRANT 10/30/00 10/29/03 COMMON STOCK 300,000(1) $2.10 D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Explanation of Responses:
(1) These securities are owned solely by Commerce Investment Group, LLC, which
is a member of a "group" for purposes of Section 13(d) of the Exchange Act.
(2) These securities are owned solely by SHD Investments, LLC, which is a
member of a "group" for purposes of Section 13(d) of the Exchange Act.
(3) These securities are owned solely by the Griffin James Aron Guez
Irrevocable Trust, which is a member of a "group" for purposes of Section
13(d) of the Exchange Act.
(4) These securities are owned solely by the Stephan Avner Feliz Guez
Irrevocable Trust, which is a member of a "group" for purposes of Section
13(d) of the Exchange Act.
Commerce Investment Group,LLC
By: /S/ HUBERT GUEZ NOVEMBER 30, 2000
---------------------------------- ---------------------
Hubert Guez, Manager Date
**Signature of Reporting Person
* If the form is filed by more than one reporting person, SEE
Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB number
SEC 1473 (3-99)
Page 2 of 3
<PAGE>
JOINT FILER INFORMATION
Names: Stephan Avner Feliz Guez Irrevocable Trust
Griffin James Aron Guez Irrevocable Trust
SHD Investments LLC
Hubert Guez
Address: 5804 East Slauson Ave.
Commerce, CA 90040
Designated Filer: Commerce Investment Group LLC
Issuer & Ticker
Symbol: Innovo Group Inc. (INNO)
Date of Event
Requiring
Statement: August 11, 2000
Signatures: SHD Investments LLC
By: /S/ PAUL GUEZ NOVEMBER 30, 2000
------------------------- -----------------
Paul Guez, Manager Date
Griffin James Aron Guez
Irrevocable Trust
By: /S/ MARGUERITE GUEZ NOVEMBER 30, 2000
------------------------- -----------------
Marguerite Guez, Trustee Date
Stephan Avner Feliz Guez
Irrevocable Trust
By: /S/ MARGUERITE GUEZ NOVEMBER 30, 2000
------------------------- -----------------
Marguerite Guez, Trustee Date
Page 3 of 3
