Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  GREENWOOD INVESTMENTS, INC.
 2. Date of Event Requiring Statement (Month/Day/Year)
11/11/2009		 3. Issuer Name and Ticker or Trading Symbol
PHOENIX FOOTWEAR GROUP INC [PXG]
(Last)
(First)
(Middle)
222 BERKELEY STREET, 17TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BOSTON, MA 02116		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
COMMON STOCK 1,462,050
I
See footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GREENWOOD INVESTMENTS, INC.
222 BERKELEY STREET
17TH FLOOR
BOSTON, MA 02116		     X    
TANNENBAUM STEVEN
222 BERKELEY STREET
17TH FLOOR
BOSTON, MA 02116		     X    
Greenwood Investors Limited Partnership
222 BERKELEY STREET
17TH FLOOR
BOSTON, MA 02116		     X    
GREENWOOD CAPITAL LIMITED PARTNERSHIP
222 BERKELEY STREET
17TH FLOOR
BOSTON, MA 02116		     X    

Signatures

STEVEN TANNENBAUM 11/16/2009
**Signature of Reporting Person Date
STEVEN TANNENBAUM, PRESIDENT OF GREENWOOD INVESTMENTS, INC. 11/16/2009
**Signature of Reporting Person Date
STEVEN TANNENBAUM, PRESIDENT OF GREENWOOD INVESTMENTS, INC., THE GENERAL PARTNER OF GREENWOOD CAPITAL LIMITED PARTNERSHIP 11/16/2009
**Signature of Reporting Person Date
STEVEN TANNENBAUM, PRESIDENT OF GREENWOOD INVESTMENTS, INC., THE GENERAL PARTNER OF GREENWOOD INVESTORS LIMITED PARTNERSHIP 11/16/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) These shares represent 740,500 shares held by Greenwood Capital Limited Partnership ("Capital"), and 721,550 shares held by Greenwood Investors Limited Partnership ("Investors"). Greenwood Investments, Inc. (the "General Partner") is the general partner of both 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.

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