X0303 4 2011-07-21 0 0000026820 PHOENIX FOOTWEAR GROUP INC PXG 0001121943 GREENWOOD INVESTMENTS, INC. 222 BERKELEY STREET 17TH FLOOR BOSTON MA 02116 0 0 1 0 0001121942 TANNENBAUM STEVEN 222 BERKELEY STREET 17TH FLOOR BOSTON MA 02116 0 0 1 0 0001476880 Greenwood Investors Limited Partnership 222 BERKELEY STREET 17TH FLOOR BOSTON MA 02116 0 0 1 0 0001121944 GREENWOOD CAPITAL LIMITED PARTNERSHIP 222 BERKELEY STREET 17TH FLOOR BOSTON MA 02116 0 0 1 0 1% Convertible Note due 2014 0.334 2011-07-21 4 P 0 1000000 1000000 A 2014-07-21 Common Stock 1000000 1000000 I See Footnote The 1% Convertible Notes due 2014 are convertible into common stock at any time at the option of the holder. This represents a $500,000 1% Convertible Note due 2014 held by Greenwood Capital Limited Partnership ("Capital") and a $500,000 1% Convertible Note due 2014 held by Greenwood Investors Limited Partnership ("Investors"). Greenwood Investments, Inc. (the "General Partner") is the general partner of Capital and Investors, and Steven Tannenbaum is the President of the General Partner. Each of the Reporting Persons disclaims his or its beneficial ownership of any shares of the above named Issuer reported herein, except to the extent of his or its pecuniary interest therein. Steven Tannenbaum 2011-07-25 Steven Tannenbaum, President of Greenwood Investments, Inc. 2011-07-25 Steven Tannenbaum, President of Greenwood Investments, Inc., the General Partner of Greenwood Capital Limited Partnership 2011-07-25 Steven Tannenbaum, President of Greenwood Investments, Inc., the General Partner of Greenwood Investors Limited Partnership 2011-07-25