SC 13G 1 v207109_sc13g.htm Unassociated Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.  )

KEYON COMMUNICATIONS HOLDINGS, INC.

(Name of Issuer)

COMMON STOCK
(Title of Class of Securities)

-493312201-
(CUSIP Number)

01/03/2010
(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 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).

 
 

 
 
CUSIP  No. 493312201
 
   
   
1)
Names  of  Reporting  Persons.
I.R.S.  Identification  Nos.  of  Above  Persons  (entities  only)
Robert B. Prag
 
     
2)
Check  the  Appropriate  Box  if  a  Member  of  a  Group
(a)  o
 
(See  Instructions)
 
(b)  o
     
3)
SEC  Use  Only
 
 
     
4)
Citizenship  or  Place  of  Organization
USA
 
     
Number  of  Shares
Beneficially
Owned  by  Each
Reporting
Person  With
 
           
5)   
 
Sole  Voting Power   1,363,650
 
6)   
 
Shared  Voting  Power
 
7)   
 
Sole  Dispositive  Power   1,363,650
 
8)   
 
Shared  Dispositive  Power
 
 
9)
Aggregate  Amount Beneficially Owned by Each Reporting Person
1,363,650
     
10)
Check  if  the  Aggregate  Amount  in  Row  (9)  Excludes Certain  Shares  (See  Instructions)
 
¨
   
11)
Percent  of  Class  Represented  by  Amount  in  Item  9
5.76%
   
12)
Type  of  Reporting  Person  (See  Instructions)
 

 
 

 

ITEM  1.

(A)
NAME  OF  ISSUER:   KEYON COMMUNICATIONS HOLDINGS, INC.
 
(B)
ADDRESS  OF  ISSUER'S  PRINCIPAL  EXECUTIVE  OFFICE
11742 Stonegate Circle; Omaha, Nebraska 68164

ITEM  2.

(A)
NAME  OF  PERSONS  FILING
Robert B. Prag

(B)
ADDRESS  OF  PRINCIPAL  BUSINESS  OFFICE  OR  IF  NONE,  RESIDENCE
2455 El Amigo Road; Del Mar, CA 92014

(C) 
CITIZENSHIP
USA

(D)
TITLE  OF  CLASS  OF  SECURITIES
Common Stock

(E)
CUSIP  NUMBER
493312201

ITEM  3.

If this statement is filed pursuant to rule 240.13d- 1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
___ Broker or dealer registered under section 15 of the Act (15 U.S.C.78o).
 
 
(b)
___  Bank  as  defined  in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
 
(c)
___  Insurance  company  as defined in section 3(a)(19) of the Act (15 U.S.C.  78c).
 
 
(d)
___ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
 
(e)
___  An investment adviser in accordance with 240.13d- 1(b)(1)(ii)(E).
 
 
(f)
___  An  employee  benefit  plan  or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F).
 
 
(g)
___  A  parent  holding  company  or control person in accordance with 240.13d-1(b)(1)(ii)(G)
 
 
(h)
___ A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
 
 
(i)
___  A  church  plan  that  is  excluded  from  the  definition  of an investment  company  under  section 3(c)(14) of the Investment Company Act  of  1940  (15  U.S.C.  80a-3).
 
 
(j)
___  Group,  in  accordance  with  section  240.13d-1(b)(1)(ii)(J).

ITEM 4.
OWNERSHIP.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) 
Amount  beneficially  owned:  1,363,650 shares common stock

 
 

 

 
(b)
Percent of class:
5.76%

(c)
Number  of  shares  as  to  which  the  person  has:  1,363,650

(i)
Sole  power  to  vote  or  to direct the vote:  1,363,650

(ii)
Shared  power  to  vote or to direct the vote:

(iii)
Sole power to dispose or to direct the disposition of:  1,363,650

(iv)
Shared power to dispose or to direct the disposition of:

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  has  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
 
ITEM 7.
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
 
ITEM 8.
IDENTIFICATION  AND  CLASSIFICATION  OF  MEMBERS  OF  THE  GROUP
  
ITEM 9. 
NOTICE  OF  DISSOLUTION  OF  GROUP

 
 

 

ITEM 10.
CERTIFICATION.

By signing below we certify that, to the best of our 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.

Dated: January 4, 2011

 
 
By:
/s/ Robert B. Prag
   
Name:  Robert B. Prag
   
Title: