--------------------------
OMB APPROVAL
OMB NUMBER: 3235-0145
EXPIRES: FEBRUARY 28, 2009
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE....10.4
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _ )*
STONELEIGH PARTNERS ACQUISITION CORP.
--------------------------------------------------------------------------------
(NAME OF ISSUER)
COMMON STOCK, $0.0001 PAR VALUE
--------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
861923100
--------------------------------------------------------------------------------
(CUSIP NUMBER)
DECEMBER 31, 2007
--------------------------------------------------------------------------------
(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)
|_| Rule 13d-1(c)
|X| 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 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)
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
control number.
SEC 1745 (3-06).
Page 1 of 7 Pages
CUSIP No. 861923100
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1. NAMES OF REPORTING PERSONS
JAMES A. COYNE
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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
U.S.
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
2,107,422
NUMBER OF --------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY --------------------------------------------------------
EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 2,107,422
--------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,107,422 shares as of December 31, 2007
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.18% (based on 34,097,500 Shares of Common Stock issued and outstanding
as of December 31, 2007)
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
--------------------------------------------------------------------------------
Page 2 of 7 Pages
CUSIP No. 861923100
--------------------------------------------------------------------------------
1. NAMES OF REPORTING PERSONS.
JAC OPPORTUNITY FUND I, LLC
--------------------------------------------------------------------------------
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
Delaware
--------------------------------------------------------------------------------
5. SOLE VOTING POWER
2,107,422
NUMBER OF --------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY --------------------------------------------------------
EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON WITH 2,107,422
--------------------------------------------------------
8. SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,107,422 shares as of December 31, 2007
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.18% (based on 34,097,500 Shares of Common Stock issued and outstanding
as of December 31, 2007)
--------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
00
--------------------------------------------------------------------------------
Page 3 of 7 Pages
Item 1(a). Name of Issuer:
Stoneleigh Partners Acquisition Corp. (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
20 Marshall Street, Suite 104
South Norwalk, CT 06854
Item 2(a). Name of Person Filing:
James A. Coyne,(1)
JAC Opportunity Fund I, LLC
Item 2(b). Address of Principal Business Office or, If None, Residence:
c/o Stoneleigh Partners Acquisition Corp.
20 Marshall Street, Suite 104
South Norwalk, CT 06854
Item 2(c). Citizenship:
James A. Coyne - United States
JAC Opportunity Fund I, LLC - Delaware
Item 2(d). Title of Class of Securities:
Common Stock, par value $.001 per share.
Item 2(e). CUSIP Number:
861923100
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) |_| Broker or dealer registered under Section 15 of the Exchange
Act;
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) |_| Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
(d) |_| Investment company registered under Section 8 of the
Investment Company Act;
(e) |_| An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
Rule 13d-1(b)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J);
(1) JAC Opportunity Fund I, LLC is a family-held Delaware limited liability
company of which Mr. Coyne is the sole manager.
Page 4 of 7 Pages
Item 4. Ownership:
James A. Coyne
(a) Amount Beneficially Owned:
2,107,422
(b) Percentage of Class:
6.18%
(c) Number of Shares as to Which the Person Has:
(i) sole power to vote or direct the vote:
2,107,422
(ii) shared power to vote or direct the vote:
-0-
(iii) sole power to dispose or direct the disposition of:
2,107,422(1)
(iv) shared power to dispose or direct the disposition of:
-0-
JAC Opportunity Fund I, LLC
(a) Amount Beneficially Owned:
2,107,422
(b) Percentage of Class:
6.18%
(c) Number of Shares as to Which the Person Has:
(i) sole power to vote or direct the vote:
2,107,422
(ii) shared power to vote or direct the vote:
-0-
Page 5 of 7 Pages
(iii) sole power to dispose or direct the disposition of:
2,107,422
(iv) shared power to dispose or direct the disposition of:
-0-
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 the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control Person:
Not Applicable.
Item 8. Identification and Classification of Members of the Group:
Not Applicable.
Item 9. Notice of Dissolution of Group:
Not Applicable.
Item 10. Certification:
Not Applicable.
Page 6 of 7 Pages
SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, each of the undersigned certify that the information set forth in
this statement is true, complete and correct.
Date: September 2, 2008 JAC Opportunity Fund I, LLC
By: /s/ James A. Coyne
----------------------------
JAMES A. COYNE, MANAGER
/s/ James A. Coyne
--------------------------------
JAMES A. COYNE
Page 7 of 7 Pages