SC 13G/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

Power-One, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

739308104

(CUSIP Number)

Ronald M. Clark,
c/o The Stephens Group, LLC,
100 Morgan Keegan Dr., Suite 500,
Little Rock, AR 72202

(Name and Address of Person Authorized to Receive Notices and Communications)

February 12, 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:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o 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 the disclosures provided in a prior cover page.

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).

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS The Stephens Group, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			-0-
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			-0-
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	-0-
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	HC, OO

Page 2 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Bess C. Stephens Trust UID 1/4/85
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			10,384
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			10,384
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	10,384
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.01%
12	TYPE OF REPORTING PERSON
	OO

Page 3 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Equity Horizons I, LP
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			688
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			688
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	688
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	PN

Page 4 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Equity Horizons II, LP
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			688
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			688
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	688
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	PN

Page 5 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Bess C. Stephens Family Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			1,223
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			1,223
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,223
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	OO

Page 6 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Bess C. Stephens Revocable Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			9,910
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			9,910
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	9,910
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.01%
12	TYPE OF REPORTING PERSON
	OO

Page 7 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Elizabeth Ann Stephens Campbell Revocable Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			13,817
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			13,817
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	13,817
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.02%
12	TYPE OF REPORTING PERSON
	OO

Page 8 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Elizabeth S. Campbell Trust A
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			0
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	OO

Page 9 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Elizabeth S. Campbell Trust under Art 4 of the PDS Trust UID Sept 5, 1996
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			6,677
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			6,677
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	6,677
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.01%
12	TYPE OF REPORTING PERSON
	OO

Page 10 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS W.R. Stephens, Jr. Revocable Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			74,083
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			74,083
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	74,083
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.08%
12	TYPE OF REPORTING PERSON
	OO

Page 11 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS W.R. Stephens, Jr. Trust A
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			83,768
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			83,768
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	83,768
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.09%
12	TYPE OF REPORTING PERSON
	OO

Page 12 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS W.R. Stephens, Jr. Trust under Art 4 of the PDS Trust UID Sept 5, 1996
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			6,677
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			6,677
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	6,677
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.01%
12	TYPE OF REPORTING PERSON
	OO

Page 13 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Elizabeth Chisum Campbell 1992 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			0
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	OO

Page 14 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Susan Stephens Campbell 1992 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			0
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	OO

Page 15 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Craig D. Campbell, Jr. 1992 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			0
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	OO

Page 16 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS W.R. Stephens, III 1992 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			10,978
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			10,978
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	10,978
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.01%
12	TYPE OF REPORTING PERSON
	OO

Page 17 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Arden Jewell Stephens 1992 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			10,978
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			10,978
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	10,978
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.01%
12	TYPE OF REPORTING PERSON
	OO

Page 18 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Coral Two Corporation
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			283,544
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			283,544
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	283,544
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.32%
12	TYPE OF REPORTING PERSON
	CO

Page 19 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Robert L. Schulte IRA
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			0
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	OO

Page 20 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Jon E. M. Jacoby
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			85,936
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			85,936
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	85,936
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.10%
12	TYPE OF REPORTING PERSON
	IN

Page 21 of 51 Pages

CUSIP No. 739308 10 4

1	NAMES OF REPORTING PERSONS Jacoby Enterprises, Inc.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			428,406
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			428,406
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	428,406
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.49%
12	TYPE OF REPORTING PERSON
	CO

Page 22 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS J&J Partners
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			20,682
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			20,682
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	20,682
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.02%
12	TYPE OF REPORTING PERSON
	PN

Page 23 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS James Jacoby
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			25,395
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			25,395
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	25,395
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.03%
12	TYPE OF REPORTING PERSON
	IN

Page 24 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Carol Stephens
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			801
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			801
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	801
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	IN

Page 25 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Arden Jewell Stephens Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			1,456
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			1,456
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,456
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	OO

Page 26 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS W.R. Stephens, III Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			1,445
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			1,445
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,445
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	OO

Page 27 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Francine, Inc.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Nevada
		5	SOLE VOTING POWER
NUMBER OF			1,377
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			1,377
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,377
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	CO

Page 28 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS MAM Holdings International, Inc.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Nevada
		5	SOLE VOTING POWER
NUMBER OF			0
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			0
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	HC, CO

Page 29 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Susan Stephens Campbell 1995 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			45,000
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			45,000
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	45,000
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.05%
12	TYPE OF REPORTING PERSON
	OO

Page 30 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Elizabeth Chisum Campbell 1995 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			45,000
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			45,000
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	45,000
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.05%
12	TYPE OF REPORTING PERSON
	OO

Page 31 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Craig D. Campbell, Jr. 1995 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			45,000
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			45,000
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	45,000
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.05%
12	TYPE OF REPORTING PERSON
	OO

Page 32 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Susan Stephens Campbell 2004 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			19,585
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			19,585
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	19,585
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.02%
12	TYPE OF REPORTING PERSON
	OO

Page 33 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Elizabeth Chisum Campbell 2004 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			19,585
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			19,585
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	19,585
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.02%
12	TYPE OF REPORTING PERSON
	OO

Page 34 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Craig D. Campbell, Jr. 2004 Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			19,585
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			19,585
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	19,585
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.02%
12	TYPE OF REPORTING PERSON
	OO

Page 35 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Craig D. Campbell Exempt Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			2,416
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			2,416
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,416
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	OO

Page 36 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS W.R. Stephens, Jr. Childrens Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			5,192
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			5,192
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	5,192
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.01%
12	TYPE OF REPORTING PERSON
	OO

Page 37 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Snow Lake Holdings, Inc.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Nevada
		5	SOLE VOTING POWER
NUMBER OF			274
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			274
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	274
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	CO

Page 38 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Robert L. Schulte Revocable Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			200
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			200
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	200
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.00%
12	TYPE OF REPORTING PERSON
	OO

Page 39 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS William S. Walker
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			12,860
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			12,860
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	12,860
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.01%
12	TYPE OF REPORTING PERSON
	IN

Page 40 of 51 Pages

CUSIP No. 739308 10 4 

1	NAMES OF REPORTING PERSONS Jon E. M. Jacoby KEOGH
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)   þ
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Arkansas
		5	SOLE VOTING POWER
NUMBER OF			30,566
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			30,566
WITH:		8	SHARED DISPOSITIVE POWER
			-0-
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	30,566
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.03%
12	TYPE OF REPORTING PERSON
	OO

Page 41 of 51 Pages

CUSIP No. 739308 10 4 

SCHEDULE 13G

Preliminary Note: This Amendment No. 2 to Schedule 13G relates to the common stock, par value $.01 per share (“Common Stock”) of Power-One, Inc., a Delaware corporation (the “Issuer”) and is being filed by the Reporting Persons as defined below. The initial Schedule 13G was filed on February 13, 2008. As of February 12, 2010, the Reporting Persons owned 1,324,166 shares of Common Stock. All percentages were calculated based on the 88,198,670 shares of Common Stock outstanding.

ITEM 1

(a) Name of Issuer:

Power-One, Inc. (the “Company”)

(b) Address of Issuer’s Principal Executive Offices:

740 Calle Plano, Camarillo, CA 93012

ITEM 2

Title of Class of Securities and CUSIP Number (Items 2(d) and 2(e))

This Schedule 13G relates to shares of Common Stock (the “Shares”) of the Company. The CUSIP number of the Shares is 739308104.

Names of Persons Filing, Address of Principal Business Office or Residence, and Citizenship (Items 2(a), 2(b), and 2(c))

This Schedule 13G is filed by and for the entities and persons listed below, all of whom together are referred to as the “Reporting Persons” or individually as a “Reporting Person.”

(i)	The Stephens Group, LLC. The Stephens Group, LLC is an Arkansas manager-managed limited liability company. It is managed by a Board of Managers consisting of the following individuals: W. R. Stephens, Jr., Elizabeth S. Campbell, Craig D. Campbell, Jon E. M. Jacoby, K. Rick Turner, Ronald M. Clark, Robert L. Schulte, C. Ray Gash, William S. Walker and Emon A. Mahony, Jr.
(ii)	Bess C. Stephens Trust UID 1/4/85
(iii)	Bess C. Stephens Family Trust
(iv)	Bess C. Stephens Revocable Trust
(v)	Elizabeth Ann Stephens Campbell Revocable Trust
(vi)	Elizabeth S. Campbell Trust A
(vii)	Elizabeth S. Campbell Trust under Art 4 of the PDS Trust UID Sept 5, 1996

Page 42 of 51 Pages

CUSIP No. 739308 10 4 

SCHEDULE 13G

(viii)	W.R. Stephens, Jr. Revocable Trust
(ix)	W.R. Stephens, Jr. Trust A
(x)	W.R. Stephens, Jr. Trust under Art 4 of the PDS Trust UID Sept 5, 1996
(xi)	Elizabeth Chisum Campbell 1992 Trust
(xii)	Susan Stephens Campbell 1992 Trust
(xiii)	Craig D. Campbell, Jr. 1992 Trust
(xiv)	W.R. Stephens, III 1992 Trust
(xv)	Arden Jewell Stephens 1992 Trust
(xvi)	Coral Two Corporation
(xvii)	Robert L. Schulte IRA
(xviii)	Jon E. M. Jacoby.
(xix)	Jacoby Enterprises, Inc.
(xx)	J & J Partners
(xxi)	James Jacoby
(xxii)	Carol Stephens
(xxiii)	Arden Jewell Stephens Trust
(xxiv)	W.R. Stephens, III Trust
(xxv)	Francine, Inc.
(xxvi)	MAM Holdings International, Inc.
(xxvii)	Susan Stephens Campbell 1995 Trust
(xxviii)	Elizabeth Chisum Campbell 1995 Trust
(xxix)	Craig D. Campbell, Jr. 1995 Trust
(xxx)	Susan Stephens Campbell 2004 Trust
(xxxi)	Elizabeth Chisum Campbell 2004 Trust
(xxxii)	Craig D. Campbell, Jr. 2004 Trust
(xxxiii)	Craig D. Campbell Exempt Trust
(xxxiv)	W.R. Stephens, Jr. Childrens Trust
(xxxv)	Robert L. Schulte Revocable Trust
(xxxvi)	William S. Walker
(xxxvii)	Equity Horizons I, LP
(xxxviii)	Equity Horizons II, LP
(xxxix)	Snow Lake Holdings, Inc.
(xl)	Jon E. M. Jacoby KEOGH

Page 43 of 51 Pages

CUSIP No. 739308 10 4 

SCHEDULE 13G

This address of the principal business office of each of the Reporting Persons is c/o The Stephens Group, LLC, 100 Morgan Keegan Dr., Suite 500, Little Rock, AR 72202.

The citizenship of each of the Reporting Persons is set forth in Row 4 of the Cover Page for each Reporting Person and is hereto incorporated by reference for each such Reporting Person.

ITEM 3 If this statement is filed pursuant to Rule 240.13d-1(b) or 240.13d-2(b) or (c):

Not Applicable

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:

The information required by Item 4(a) is set forth in Row 9 of the Cover Page for each Reporting Person and is hereto incorporated by reference for each such Reporting Person.

(b) Percent of class:

The information required by Item 4(b) is set forth in Row 11 of the Cover Page for each Reporting Person and is hereto incorporated by reference for each such Reporting Person.

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

(i)	Sole power to vote or to direct the vote:
	The information required by Item 4(c)(i) is set forth in Row 5 of the Cover Page for each Reporting Person and is hereto incorporated by reference for each such Reporting Person.
(ii)	Shared power to vote or to direct the vote:
	The information required by Item 4(c)(ii) is set forth in Row 6 of the Cover Page for each Reporting Person and is hereto incorporated by reference for each such Reporting Person.
(iii)	Sole power to dispose or to direct the disposition of:
	The information required by Item 4(c)(iii) is set forth in Row 7 of the Cover Page for each Reporting Person and is hereto incorporated by reference for each such Reporting Person.
(iv)	Shared power to dispose or to direct the disposition of:
	The information required by Item 4(c)(iv) is set forth in Row 8 of the Cover Page for each Reporting Person and is hereto incorporated by reference for each such Reporting Person.

Page 44 of 51 Pages

CUSIP No. 739308 10 4 

SCHEDULE 13G

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.

As a result of sales during 2009, the Reporting Persons own less than 5% of the stock in the Issuer and are filing this final Schedule 13G.

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.

[Signature Page Follows]

Page 45 of 51 Pages

CUSIP No. 739308 10 4 

SCHEDULE 13G

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 12, 2010

THE STEPHENS GROUP, LLC		BESS C. STEPHENS TRUST
By:		By:
	Ronald M. Clark		W.R. Stephens, Jr.
	Senior Vice President & General Counsel		Trustee
BESS C. STEPHENS FAMILY TRUST		BESS C. STEPHENS REVOCABLE TRUST
By:		By:
	W.R. Stephens, Jr.		Bess C. Stephens
	Trustee		Trustee
ELIZABETH S. CAMPBELL TRUST A		ELIZABETH ANN STEPHENS CAMPBELL REVOCABLE TRUST
By:		By:
	Robert L. Schulte		Elizabeth Stephens Campbell
	Trustee		Trustee
ELIZABETH S. CAMPBELL TRUST UNDER ARTICLE 4 OF THE PDS TRUST UID SEPTEMBER 5, 1996		W.R. STEPHENS, JR. REVOCABLE TRUST
By:		By:
	Elizabeth S. Campbell		W.R. Stephens, Jr.
	Trustee		Trustee

[Signature Page to The Stephens Group, LLC Schedule 13G]

Page 46 of 51 Pages

CUSIP No. 739308 10 4 

SCHEDULE 13G

W.R. STEPHENS, JR. TRUST A		ELIZABETH CHISUM CAMPBELL 1992 TRUST
By:		By:
	Robert L. Schulte		W.R. Stephens, Jr.
	Trustee		Trustee
W.R. STEPHENS, JR. TRUST UNDER ARTICLE 4 OF THE PDS TRUST UID SEPTEMBER 5, 1996		CRAIG D. CAMPBELL, JR. 1992 TRUST
By:		By:
	W.R. Stephens, Jr.		W.R. Stephens, Jr.
	Trustee		Trustee
SUSAN STEPHENS CAMPBELL 1992 TRUST		ARDEN JEWELL STEPHENS 1992 TRUST
By:		By:
	W.R. Stephens, Jr.		W.R. Stephens, Jr.
	Trustee		Trustee
W.R. STEPHENS, III 1992 TRUST
By:		By:
	W.R. Stephens, Jr.		Jon E. M. Jacoby
	Trustee
CORAL TWO CORPORATION		J & J PARTNERS
By:		By:
	Jon E. M. Jacoby		Jon E. M. Jacoby
	President		Managing Partner

[Signature Page to The Stephens Group, LLC Schedule 13G]

Page 47 of 51 Pages

CUSIP No. 739308 10 4 

SCHEDULE 13G

ROBERT L. SCHULTE IRA
By:		By:
	Robert L. Schulte		Carol Stephens
JACOBY ENTERPRISES, INC.		W.R. STEPHENS, III TRUST
By:		By:
	Jon E. M. Jacoby		Robert L. Schulte
	President		Trustee
		MAM HOLDINGS INTERNATIONAL, INC.
By:		By:
	James Jacoby		Robert L. Schulte
			Vice President
ARDEN JEWELL STEPHENS TRUST		ELIZABETH CHISUM CAMPBELL 1995 TRUST
By:		By:
	Robert L. Schulte		Jon E. M. Jacoby
	Trustee		Trustee
FRANCINE, INC.		SUSAN STEPHENS CAMPBELL 2004 TRUST
By:		By:
	Robert L. Schulte		Jon E. M. Jacoby
	Treasurer		Trustee

[Signature Page to The Stephens Group, LLC Schedule 13G]

Page 48 of 51 Pages

CUSIP No. 739308 10 4 

SCHEDULE 13G

SUSAN STEPHENS CAMPBELL 1995 TRUST		CRAIG D. CAMPBELL, JR. 2004 TRUST
By:		By:
	Jon E. M. Jacoby		Jon E. M. Jacoby
	Trustee		Trustee
CRAIG D. CAMPBELL, JR. 1995 TRUST		W.R. STEPHENS, JR. CHILDRENS TRUST
By:		By:
	Jon E. M. Jacoby		W.R. Stephens, Jr.
	Trustee		Trustee
ELIZABETH CHISUM CAMPBELL 2004 TRUST		ROBERT L. SCHULTE REVOCABLE TRUST
By:		By:
	Jon E. M. Jacoby		Robert L. Schulte
	Trustee		Trustee
CRAIG D. CAMPBELL EXEMPT TRUST
By:		By:
	Craig D. Campbell		William S. Walker
	Trustee
EQUITY HORIZONS I, LP		EQUITY HORIZONS II, LP
By: Equity Horizons Management I, LLC		By: Equity Horizons Management II, LLC
	Its General Partner		Its General Partner
By:		By:
	Robert L. Schulte		Robert L. Schulte
	Manager		Manager

[Signature Page to The Stephens Group, LLC Schedule 13G]

Page 49 of 51 Pages

CUSIP No. 739308 10 4 

SCHEDULE 13G

SNOW LAKE HOLDINGS, INC.		JON E. M. JACOBY KEOGH
By:		By:
	Robert L. Schulte		Jon E. M. Jacoby
	Director
		* By:
			Ronald M. Clark
			Attorney-in-Fact

* This Schedule 13G was signed pursuant to a Power of Attorney, dated February 6, 2009 and filed by the Reporting Persons with the Securities and Exchange Commission on February 6, 2009, included hereto as Exhibit 2 and incorporated by reference.

[Signature Page to The Stephens Group, LLC Schedule 13G]

Page 50 of 51 Pages

CUSIP No. 739308 10 4 

SCHEDULE 13G

EXHIBIT INDEX

Exhibit 1	Agreement to File Joint Schedule 13G
Exhibit 2	Power of Attorney executed by Reporting Persons

Page 51 of 51 Pages

EX-99.1

EXHIBIT 1

AGREEMENT TO FILE JOINT SCHEDULE 13G

Each of the undersigned (the “Reporting Persons”), being a record owner or “beneficial owner’ of the common stock on Conn’s Inc. (“Common Stock”), hereby agrees to jointly file a Schedule 13D with respect to their respective holdings of the Common Stock and to include this agreement as an exhibit to such Schedule 13D.

[Signature Page Follows]

IN WITNESS WHEREOF, the undersigned have executed this agreement as of February 12, 2010.

THE STEPHENS GROUP, LLC		BESS C. STEPHENS TRUST
By:		By:
	Ronald M. Clark Senior Vice President & General Counsel		W.R. Stephens, Jr. Trustee
BESS C. STEPHENS FAMILY TRUST		BESS C. STEPHENS REVOCABLE TRUST
By:		By:
	W.R. Stephens, Jr. Trustee		Bess C. Stephens Trustee
ELIZABETH S. CAMPBELL TRUST A		ELIZABETH ANN STEPHENS CAMPBELL REVOCABLE TRUST
By:		By:
	Robert L. Schulte Trustee		Elizabeth Stephens Campbell Trustee
ELIZABETH S. CAMPBELL TRUST UNDER ARTICLE 4 OF THE PDS TRUST UID SEPTEMBER 5, 1996		W.R. STEPHENS, JR. REVOCABLE TRUST
By:		By:
	Elizabeth S. Campbell Trustee		W.R. Stephens, Jr. Trustee

[Signature Page to the Agreement to File Joint Schedule 13G]

W.R. STEPHENS, JR. TRUST A		ELIZABETH CHISUM CAMPBELL 1992 TRUST
By:		By:
	Robert L. Schulte Trustee		W.R. Stephens, Jr. Trustee
W.R. STEPHENS, JR. TRUST UNDER ARTICLE 4 OF THE PDS TRUST UID SEPTEMBER 5, 1996		CRAIG D. CAMPBELL, JR. 1992 TRUST
By:		By:
	W.R. Stephens, Jr. Trustee		W.R. Stephens, Jr. Trustee
SUSAN STEPHENS CAMPBELL 1992 TRUST		ARDEN JEWELL STEPHENS 1992 TRUST
By:		By:
	W.R. Stephens, Jr. Trustee		W.R. Stephens, Jr. Trustee
W.R. STEPHENS, III 1992 TRUST
By:		By:
	W.R. Stephens, Jr. Trustee		Jon E. M. Jacoby
CORAL TWO CORPORATION		J & J PARTNERS
By:		By:
	Jon E. M. Jacoby President		Jon E. M. Jacoby Managing Partner

[Signature Page to the Agreement to File Joint Schedule 13G]

ROBERT L. SCHULTE IRA
By:		By:
	Robert L. Schulte		Carol Stephens
JACOBY ENTERPRISES, INC.		W.R. STEPHENS, III TRUST
By:		By:
	Jon E. M. Jacoby President		Robert L. Schulte Trustee
		MAM HOLDINGS INTERNATIONAL, INC.
By:		By:
	James Jacoby		Robert L. Schulte Vice President
ARDEN JEWELL STEPHENS TRUST		ELIZABETH CHISUM CAMPBELL 1995 TRUST
By:		By:
	Robert L. Schulte Trustee		Jon E. M. Jacoby Trustee
FRANCINE, INC.		SUSAN STEPHENS CAMPBELL 2004 TRUST
By:		By:
	Robert L. Schulte Treasurer		Jon E. M. Jacoby Trustee

[Signature Page to the Agreement to File Joint Schedule 13G]

SUSAN STEPHENS CAMPBELL 1995 TRUST		CRAIG D. CAMPBELL, JR. 2004 TRUST
By:		By:
	Jon E. M. Jacoby Trustee		Jon E. M. Jacoby Trustee
CRAIG D. CAMPBELL, JR. 1995 TRUST		W.R. STEPHENS, JR. CHILDRENS TRUST
By:		By:
	Jon E. M. Jacoby Trustee		W.R. Stephens, Jr. Trustee
ELIZABETH CHISUM CAMPBELL 2004 TRUST		ROBERT L. SCHULTE REVOCABLE TRUST
By:		By:
	Jon E. M. Jacoby Trustee		Robert L. Schulte Trustee
CRAIG D. CAMPBELL EXEMPT TRUST
By:		By:
	Craig D. Campbell Trustee		William S. Walker
EQUITY HORIZONS I, LP		EQUITY HORIZONS II, LP
By:	Equity Horizons Management I, LLC Its General Partner	By:	Equity Horizons Management II, LLC Its General Partner
By:		By:
	Robert L. Schulte Manager		Robert L. Schulte Manager

[Signature Page to the Agreement to File Joint Schedule 13G]

SNOW LAKE HOLDINGS, INC.		JON E. M. JACOBY KEOGH
By:		By:
	Robert L. Schulte Director		Jon E. M. Jacoby

* By:
	Ronald M. Clark
	Attorney-in-Fact

* This agreement to file a joint Schedule 13G was signed pursuant to a Power of Attorney, dated February 6, 2009 and filed by the Reporting Persons with the Securities and Exchange Commission on February 6, 2009.

[Signature Page to the Agreement to File Joint Schedule 13G]

EX-99.2

EXHIBIT 2

POWER OF ATTORNEY EXECUTED BY REPORTING PERSONS

KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby constitute and appoint Ronald M. Clark and Robert L. Schulte, and each of them, the true and lawful attorneys-in-fact and agents to:

1) execute, for and on behalf of the undersigned, any one or more Forms 3, 4, and 5, and any amendments thereto, in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); and

2) execute, for and on behalf of the undersigned, any Schedules 13D and 13G, and any amendments thereto, in accordance with Section 13 of the Exchange Act, and the rules thereunder; and

3) do and perform any and all acts, for and on behalf of the undersigned, that may be necessary or desirable to complete the execution of any such Forms 3, 4, or 5, and Schedules 13G and 13D, and any amendments to any of the foregoing, and the timely filing of such forms and schedules with the United States Securities and Exchange Commission and any other authority; and

4) take any additional action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned, pursuant to this Power of Attorney, shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his discretion.

[Signature Page Follows]

IN WITNESS WHEREOF, the undersigned have executed this Power of Attorney as of February 6, 2009.

THE STEPHENS GROUP, LLC		BESS C. STEPHENS TRUST
By:		By:	/s/ W.R. Stephens, Jr.
	Ronald M. Clark Senior Vice President & General Counsel		W.R. Stephens, Jr. Trustee
BESS C. STEPHENS FAMILY TRUST		BESS C. STEPHENS REVOCABLE TRUST
By:	/s/ W.R. Stephens, Jr.	By:	/s/ Bess C. Stephens
	W.R. Stephens, Jr. Trustee		Bess C. Stephens Trustee
ELIZABETH S. CAMPBELL TRUST A		ELIZABETH ANN STEPHENS CAMPBELL REVOCABLE TRUST
By:	/s/ Robert L. Schulte	By:	/s/ Elizabeth Stephens Campbell
	Robert L. Schulte Trustee		Elizabeth Stephens Campbell Trustee
ELIZABETH S. CAMPBELL TRUST UNDER ARTICLE 4 OF THE PDS TRUST UID SEPTEMBER 5, 1996		W.R. STEPHENS, JR. REVOCABLE TRUST
By:	/s/ Elizabeth Stephens Campbell	By:	/s/ W.R. Stephens, Jr.
	Elizabeth S. Campbell Trustee		W.R. Stephens, Jr. Trustee

[Signature Page to Power of Attorney]

W.R. STEPHENS, JR. TRUST A		ELIZABETH CHISUM CAMPBELL 1992 TRUST
By:	/s/ Robert L. Schulte	By:	/s/ W.R. Stephens, Jr.
	Robert L. Schulte Trustee		W.R. Stephens, Jr. Trustee
W.R. STEPHENS, JR. TRUST UNDER ARTICLE 4 OF THE PDS TRUST UID SEPTEMBER 5, 1996		CRAIG D. CAMPBELL, JR. 1992 TRUST
By:	/s/ W.R. Stephens, Jr.	By:	/s/ W.R. Stephens, Jr.
	W.R. Stephens, Jr. Trustee		W.R. Stephens, Jr. Trustee
SUSAN STEPHENS CAMPBELL 1992 TRUST		ARDEN JEWELL STEPHENS 1992 TRUST
By:	/s/ W.R. Stephens, Jr.	By:	/s/ W.R. Stephens, Jr.
	W.R. Stephens, Jr. Trustee		W.R. Stephens, Jr. Trustee
W.R. STEPHENS, III 1992 TRUST
By:	/s/ W.R. Stephens, Jr.	By:	/s/ Jon E. M. Jacoby
	W.R. Stephens, Jr. Trustee		Jon E. M. Jacoby
CORAL TWO CORPORATION		J & J PARTNERS
By:	/s/ Jon E. M. Jacoby	By:	/s/ Jon E. M. Jacoby
	Jon E. M. Jacoby President		Jon E. M. Jacoby Managing Partner

[Signature Page to Power of Attorney]

ROBERT L. SCHULTE IRA
By:	/s/ Robert L. Schulte	By:	/s/ Carol Stephens
	Robert L. Schulte		Carol Stephens
JACOBY ENTERPRISES, INC.		W.R. STEPHENS, III TRUST
By:	/s/ Jon E. M. Jacoby	By:	/s/ Robert L. Schulte
	Jon E. M. Jacoby President		Robert L. Schulte Trustee
		MAM HOLDINGS INTERNATIONAL, INC.
By:	/s/ James Jacoby	By:	/s/ Robert L. Schulte
	James Jacoby		Robert L. Schulte Vice President
ARDEN JEWELL STEPHENS TRUST		ELIZABETH CHISUM CAMPBELL 1995 TRUST
By:	/s/ Robert L. Schulte	By:	/s/ Jon E. M. Jacoby
	Robert L. Schulte Trustee		Jon E. M. Jacoby Trustee
FRANCINE, INC.		SUSAN STEPHENS CAMPBELL 2004 TRUST
By:	/s/ Robert L. Schulte	By:	/s/ Jon E. M. Jacoby
	Robert L. Schulte Treasurer		Jon E. M. Jacoby Trustee

[Signature Page to Power of Attorney]

SUSAN STEPHENS CAMPBELL 1995 TRUST		CRAIG D. CAMPBELL, JR. 2004 TRUST
By:	/s/ Jon E. M. Jacoby	By:	/s/ Jon E. M. Jacoby
	Jon E. M. Jacoby Trustee		Jon E. M. Jacoby Trustee
CRAIG D. CAMPBELL, JR. 1995 TRUST		W.R. STEPHENS, JR. CHILDRENS TRUST
By:	/s/ Jon E. M. Jacoby	By:	/s/ W.R. Stephens, Jr.
	Jon E. M. Jacoby Trustee		W.R. Stephens, Jr. Trustee
ELIZABETH CHISUM CAMPBELL 2004 TRUST		ROBERT L. SCHULTE REVOCABLE TRUST
By:	/s/ Jon E. M. Jacoby	By:	/s/ Robert L. Schulte
	Jon E. M. Jacoby Trustee		Robert L. Schulte Trustee
CRAIG D. CAMPBELL EXEMPT TRUST
By:	/s/ Craig D. Campbell	By:	/s/ William S. Walker
	Craig D. Campbell Trustee		William S. Walker
EQUITY HORIZONS I, LP		EQUITY HORIZONS II, LP
By:	Equity Horizons Management I, LLC Its General Partner	By:	Equity Horizons Management II, LLC Its General Partner
By:	/s/ Robert L. Schulte	By:	/s/ Robert L. Schulte
	Robert L. Schulte Manager		Robert L. Schulte Manager

[Signature Page to Power of Attorney]

SNOW LAKE HOLDINGS, INC.		JON E. M. JACOBY KEOGH
By:	/s/ Robert L. Schulte	By:	/s/ Jon E. M. Jacoby
	Robert L. Schulte Director		Jon E. M. Jacoby

[Signature Page to Power of Attorney]