View:
Download DOC
Download PDF
Download XLS
SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
GENDELL JEFFREY L ET AL
(Last) (First) (Middle)
C/O TONTINE CAPITAL MANAGEMENT L.L.C.
55 RAILROAD AVENUE
(Street)
GREENWICH CT 06830
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
INTEGRATED ELECTRICAL SERVICES INC [ IESC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/06/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $.01 per share 09/06/2007 P 1,900,102 A(2) $22 7,362,609 I See Footnote (1)(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Due to the limitations in the amount of characters used, please see Footnote 1 on Exhibit 99.1 - Explanation to Responses
2. Due to the limitations in the amount of characters used, please see Footnote 2 on Exhibit 99.1 - Explanation to Responses
/*/ Jeffrey L. Gendell 09/07/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
                                                                    EXHIBIT 99.1
                                                                    ------------


                            EXPLANATION OF RESPONSES
                            ------------------------

Footnotes:
- ----------

(1)  Jeffrey L. Gendell ("Mr. Gendell") is the managing member of Tontine
     Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"),
     the general partner of Tontine Capital Overseas Master Fund, L.P., a Cayman
     Islands limited partnership ("TMF"). Mr. Gendell is the managing member of
     Tontine Capital Management, L.L.C. ("TCM"), a Delaware limited liability
     company, the general partner of Tontine Capital Partners, L.P., a Delaware
     limited partnership ("TCP"). Mr. Gendell is the managing member of Tontine
     Management, L.L.C. ("TM"), a Delaware limited liability company, the
     general partner of Tontine Partners, L.P., a Delaware limited partnership
     ("TP"). Mr. Gendell is also the managing member of Tontine Overseas
     Associates, L.L.C., a Delaware limited liability company ("TOA"), the
     investment adviser to Tontine Overseas Fund, Ltd., a Cayman Islands
     corporation ("TOF"). Mr. Gendell directly owns 7,916 shares of Common
     Stock. TMF directly owns 1,115,237 shares of Common Stock. TCP directly
     owns 3,023,691 shares of Common Stock. TP directly owns 1,945,992 shares of
     Common Stock. TOF directly owns 1,269,773 shares of Common Stock. All of
     the foregoing shares of Common Stock may be deemed to be beneficially owned
     by Mr. Gendell. Mr. Gendell disclaims beneficial ownership of the Issuer's
     securities reported herein for purposes of Section 16(a) under the
     Securities Exchange Act of 1934, as amended, or otherwise, except as to
     securities directly owned by Mr. Gendell or representing Mr. Gendell's pro
     rata interest in, and interest in the profits of, TCO, TMF, TCM, TCP, TP,
     TM, TOA and TOF.

(2)  TOF purchased 1,102,059 shares of Common Stock and TMF purchased 798,043
     shares of Common Stock.