Unassociated Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
(Rule 13d-102)
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No.  )1
 
iPARTY CORP.
(Name of Issuer)
 
Common Stock, $.001 par value
(Title of Class of Securities)
 
46261R107
(CUSIP Number)
 
July 29, 2011
(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)











____________________
1 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 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 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).
 
 
 
 

1
Name of Reporting Person/I.R.S. Identification Nos. of Above Persons (Entities Only)
Peter S. Lynch
2
Check the Appropriate Box If a Member of a Group                  (a) ¨
(See Instructions)                                (b) ¨
 
3
SEC Use Only
 
4
Citizenship or Place of Organization
United States of America
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
5
Sole Voting Power
473,724
6
Shared Voting Power
1,028,305
7
Sole Dispositive Power
473,724
8
Shared Dispositive Power
1,028,305
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,502,029
10
Check If the Aggregate Amount in Row (9) Excludes Certain Shares ¨
(See Instructions)
 
11
Percent of Class Represented by Amount in Row (9)
6.15%
12
Type of Reporting Person (See Instructions)
IN
 
 
 
-2-
 
 
 
Item 1(a).                      Name of issuer:
 
iParty Corp.
 
Item 1(b).                      Address of Issuer’s Principal Executive Offices:
 
270 Bridge Street, Suite 301, Dedham, MA 02026
 
Item 2(a).                      Name of Person Filing:
 
Peter S. Lynch
 
Item 2(b).                      Address of Principal Offices or, if None, Residence:
 
82 Devonshire Street, S4, Boston, Massachusetts 02109
 
Item 2(c).                      Citizenship:
 
United States of America
 
Item 2(d).                      Title of Class of Securities:
 
Common Stock, $.001 par value
 
Item 2(e).                      CUSIP Number:
 
46261R107
 
Item 3.
If the Statement is being filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the filing person 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)(1)(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)
  
A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J)
     
(k)
  
Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in
   
accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: __________
 
 
 
-3-
 

 
Item 4.                                Ownership.
 
The holdings reported herein are stated as of August 8, 2011.
 
 
(a)
 Amount beneficially owned:   1,502,029 shares
     
 
(b)
 Percent of class:         6.15%
       
 
(c)
Number of shares as to which such person has:
  
       
 
(i)
Sole power to vote or direct the vote:
473,724 shares
       
 
(ii)
Shared power to vote or direct the vote:
1,028,305 shares
       
 
(iii)
Sole power to dispose or to direct the disposition of:
473,724 shares
       
 
(iv)
Shared power to dispose or to direct the disposition of:
1,028,305 shares
 
Item 5.                                Ownership of Five 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 had ceased to be the beneficial owner of more than five percent of the class of securities, check the following [   ].
 
Item 6.                                Ownership of More than Five Percent on Behalf of Another Person.
 
The shares identified in Item 4 include shares beneficially owned by Mr. Lynch’s wife (Mrs. Lynch’s powers to vote or dispose are treated as if they belonged to Mr. Lynch for purposes of this statement), shares beneficially owned in a charitable remainder trust,  shares beneficially owned in trust for members of Mr. Lynch’s family and shares beneficially owned by a charitable foundation of which Mr. Lynch is a trustee.
 
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.
 
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.
 
 
-4-
 
 
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 10, 2011  
 
(Date)
  
     
 
/s/ Peter S. Lynch
  
 
(Signature)
  
     
     
 
Peter S. Lynch
  
 
(Name/Title)
  

Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-5-