UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE13GA Under the Securities Exchange Act of 1934 (Amendment No__4__)* PHOENIX FOOTWEAR GROUP, INC. --------------------------------------------------------------------- (Name of Issuer) Common --------------------------------------------------------------------- (Title of Class of Securities) 71903M100 ----------------- (CUSIP Number) December 31, 2009 --------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: /x / 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 the disclosures provided in a prior cover page. The information required in the remainder of this cover 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). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1745 (3-98) Page 1 of 7 CUSIP No. 71903M100 -------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) WEDBUSH, Inc. --------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) /x/ (b) / / --------------------------------------------------------------------- 3. SEC Use Only --------------------------------------------------------------------- 4. Citizenship or Place of Organization California --------------------------------------------------------------------- Number of Shares 5. Sole Voting Power 66,427 Beneficially by ---------------------------------------------- Owned by Each 6. Shared Voting Power 768,415 Reporting ---------------------------------------------- Person With: 7. Sole Dispositive Power 66,427 ---------------------------------------------- 8.Shared Dispositive Power 768,415 --------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 768,415 --------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / --------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 9.4% --------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) --------------------------------------------------------------------- CO Page 2 of 7 CUSIP No. 71903M100 -------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Edward W. Wedbush --------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) /x/ (b) / / --------------------------------------------------------------------- 3. SEC Use Only --------------------------------------------------------------------- 4. Citizenship or Place of Organization United States of America --------------------------------------------------------------------- Number of Shares 5. Sole Voting Power 72,823 Beneficially by ---------------------------------------------- Owned by Each 6. Shared Voting Power 768,415 Reporting ---------------------------------------------- Person With: 7. Sole Dispositive Power 72,823 ---------------------------------------------- 8.Shared Dispositive Power 768,415 --------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 768,415 --------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / --------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 9.4% --------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) --------------------------------------------------------------------- IN CUSIP No. 71903M100 -------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Wedbush Securities, Inc. --------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) /x/ (b) / / --------------------------------------------------------------------- 3. SEC Use Only --------------------------------------------------------------------- 4. Citizenship or Place of Organization United States of America --------------------------------------------------------------------- Number of Shares 5. Sole Voting Power 629,165 Beneficially by ---------------------------------------------- Owned by Each 6. Shared Voting Power 768,415 Reporting ---------------------------------------------- Person With: 7. Sole Dispositive Power 629,165 ---------------------------------------------- 8.Shared Dispositive Power 768,415 --------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 768,415 --------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) / / --------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 9.4% --------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) --------------------------------------------------------------------- BD Page 3 of 7 Cusip No. 71903M100 13G PHOENIX FOOTWEAR GROUP,, INC. --------------------------------------------------------------------- Item 1. Name and Address of Issuer. (a) This statement relates to the shares of the common stock of PHOENIX FOOTWEAR GROUP, INC. ("Issuer"). (b) Issuer's address: 5840 El Camino Real,Suite 106 Carlsbad, California 92008 Item 2. Filers (a) This statement is filed by WEDBUSH, Inc. ("WI"), Edward W. Wedbush ("EWW"), and by Wedbush Securities ("WS"). (b) Business address of the above filers are as follows: WI - 1000 Wilshire Blvd., Los Angeles, CA 90017-2459 EWW - P.O. Box 30014, Los Angeles, CA 90030-0014 WS - P.O. Box 30014, Los Angeles, CA 90030-0014 (c) WI is a California corporation. EWW is an individual. WS is a California corporation. (d) Common stock (e) 71903M100 Item 3. Classification of Filers (a) WS is a broker/dealer (b) - (j) Not applicable (g) WI is a control person Page 4 of 7 Item 4. Ownership (a) WI has sole ownership of 66,427 Shares of the Issuer, Edward W. Wedbush has sole ownership of 72,823 Shares of the Issuer, and WS has sole ownership of 629,165 Shares. (b) Of the Shares outstanding, WI owns approximately 0.81%, EWW owns approximately 0.89%, and WS owns approximately 7.70%. (c) Number of Shares as to which the filer has: (i) Sole power to vote: WI has sole power to vote on 66,427 Shares, EWW has sole power to vote on 72,823 Shares, and WS has 629,165 sole Shares. (ii) Shared power to vote: WI has 768,415 Shares, EWW has 768,415 Shares and WS has 768,415 Shares. (iii) Sole power to dispose: WI has sole power to dispose on 66,427 Shares, EWW has sole power to dispose on 72,823 Shares, and WS has 629,165 Shares to dispose. (iv) Shared power to dispose; WI has 768,415 Shares, EWW has 768,415 Shares and WS has 768,415 Shares. 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. Not applicable. Item 7. Identification and Classification of Subsidiary which Acquired the Securities Being Reported on by the Parent Holding Company. Not Applicable. Page 5 of 7 Item 8. Identification and Classification of Members of a Group. Name Category No.ofShares Percentage WEDBUSH, Inc. CO 66,427 0.81% Edward W. Wedbush IN 72,823 0.89% Wedbush Securities, Inc. BD 629,165 7.70% EWW is the Chairman of WI. EWW owns a majority of the outstanding Shares of WI. EWW is the President of WS. WI owns all of the shares of WS. Accordingly, EWW may be deemed the beneficial owner of the Issuer's Shares owned by WI. However, beneficial ownership of the Issuer's Shares is hereby disclaimed by EWW. Item 9. Notice of Dissolution of Group. Not applicable. Page 6 of 7 Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the Issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. 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. WEDBUSH, Inc. 02/03/2010 --------------------------- Date ERIC D. WEDBUSH ------------------ Eric D. Wedbush --------------------------- Signature ERIC D. WEDBUSH ------------------ Eric D. Wedbush/ President --------------------------- Name/Title Edward W. Wedbush 02/03/2010 --------------------------- Date EDWARD W. WEDBUSH ------------------ Edward W. Wedbush --------------------------- Signature EDWARD W. WEDBUSH ------------------ Edward W. Wedbush --------------------------- Name/Title Wedbush Securities 02/03/2010 --------------------------- Date WEDBUSH MORGAN SECURITIES ------------------ Edward W. Wedbush --------------------------- Signature ------------------ Edward W. Wedbush/President --------------------------- Name/Title Page 7 of 7