SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FIILED PURSUANT

TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2

(Amendment No. 4)*

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(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 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).

Daniel M. O’Donnell:

(a) Amount beneficially owned: 8,747,465 shares of common stock⁽¹⁾

(b) Percent of class: 32.6%

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote: 731,726

(ii) Shared power to vote or to direct the vote: 8,015,739

(iii) Sole power to dispose or to direct the disposition of: 731,726

(iv) Shared power to dispose or to direct the disposition of: 8,015,739

Kimberly O’Donnell:

(a) Amount beneficially owned: 8,215,739 shares of common stock⁽²⁾

(b) Percent of class: 30.8%

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote: 200,000

(ii) Shared power to vote or to direct the vote: 8,015,739

(iii) Sole power to dispose or to direct the disposition of: 200,000

(iv) Shared power to dispose or to direct the disposition of: 8,015,739

The Daniel Michael O’Donnell and Kimberly Linn O’Donnell AB Living Trust:

(a) Amount beneficially owned: 8,015,739 shares of common stock⁽³⁾

(b) Percent of class: 28.0%

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote: 0

(ii) Shared power to vote or to direct the vote: 8,015,739

(iii) Sole power to dispose or to direct the disposition of: 0

(iv) Shared power to dispose or to direct the disposition of: 8,015,739

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 [    ]

Not applicable.

Not applicable.

See Exhibit A.

Not applicable.

Not applicable.

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.

February 14, 2012

Exhibit A

Identification of Group Members

Daniel M. O’Donnell, individually and as trustee

Kimberly O’Donnell, individually and as trustee

The Daniel Michael O’Donnell and Kimberly Linn O’Donnell AB Living Trust

Exhibit B

Joint Filing Agreement

In accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Schedule 13G (including any and all amendments thereto) with respect to shares of common stock of Banks.com, Inc., and further agree that this Agreement shall be included as an Exhibit to such joint filings.

The undersigned further agree that each party hereto is responsible for timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein; provided that, no party is responsible for the completeness or accuracy of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original instrument, but all of such counterparts together shall constitute but one agreement.

In evidence thereof the undersigned, being duly authorized, hereby execute this Agreement this 14th day of February, 2012.