United
States
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the
Securities Exchange Act of 1934
(Amendment
No. )
Sand
Hill IT Security Acquisition Corp.
------------------------------------------------------------------
(Name
of
Issuer)
Common
Stock
------------------------------------------------------------------
(Title
of
Class of Securities)
799719109
------------------------------------------------------------------
(CUSIP
Number)
June
28, 2006
-------------------------------------------------------------------
(Date
of
Event Which Requires Filing of this Statement)
Check
the
appropriate box to designate the rule pursuant to which this Schedule
is
filed:
[
] 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 page shall not be deemed
to
be
"filed" for the purpose of Section 18 of the Securities and 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.
799719109
1.
Names
of Reporting Persons.
I.R.S.
Identification Nos. of above persons (entities only).
Hedgehog
Capital LLC
2.
Check
the Appropriate Box if a Member of a Group. (See Instructions)
(a)
[
]
(b)
[
]
3.
SEC
Use Only.
4.
Citizenship or Place of Organization.
DE
Number
of
5. Sole Voting Power.
258,860*
Shares
Bene-
--------------------------------------------------------------
ficially
Owned 6. Shared Voting Power.
by
Each
--------------------------------------------------------------
Reporting
7. Sole Dispositive Power.
258,860*
Person
With:
--------------------------------------------------------------
8.
Shared
Dispositive Power.
9.
Aggregate Amount Beneficially Owned by Each Reporting Person.
258,860*
*David
T.
Lu is Managing Member of Hedgehog Capital LLC and has sole
dispositive
and voting power over these shares.
10.
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares. (See
Instructions)
[ ]
11.
Percent of Class Represented by Amount in Row. (9)
5.07%
12.
Type
of Reporting Person. (See Instructions)
OO
CUSIP
No.
799719109
Item
1.
(a)
Name
of Issuer.
Sand
Hill
IT Security Acquisition Corp.
(b)
Address of Issuer's Principal Executive Offices.
3000
Sand
Hill Road, Building I, Suite 240
Menlo
Park, CA 94025
Item
2.
(a)
Name
of Person Filing.
(1)
Hedgehog Capital LLC
(2)
David
T. Lu
David
T.
Lu is the managing member of Hedgehog Capital LLC and has
Sole
voting and dispositive power with respect to shares owned by
Hedgehog
Capital LLC
(b)
Address of Principal Business Office or, if none, Residence.
1117
E.
Putnam Ave #320
Riverside,
CT 06878
(c)
Citizenship.
(1)
DE,
USA
(2)
(3)
(d)
Title
of Class of Securities.
Common
Stock
(e)
CUSIP
Number.
799719109
Item
3.
(1)
(2)
(3)
Item
4.
Ownership.
Hedgehog
Capital LLC
|
(a)
|
Amount
beneficially owned: 258,860*
|
|
(b)
|
Percent
of class: 5.07%
|
|
(c)
|
Number
of shares as to which the person has:
|
| |
(i)
|
Sole
power to vote or to direct the vote 258,860*
|
| |
(ii)
|
Shared
power to vote or to direct the vote __________________.
|
| |
(iii)
|
Sole
power to dispose or to direct the disposition of 258,860*
|
| |
(iv)
|
Shared
power to dispose or to direct the disposition of
_______________.
*David
T. Lu is Managing Member of Hedgehog Capital LLC and has sole dispositive
and voting power over these shares.
|
Item
5.
Ownership of Five Percent or Less of a Class.
If
this
statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than
five
percent of the class of securities, check the following [ ].
Item
6.
Ownership of More than Five Percent on Behalf of Another Person.
Item
7.
Identification and Classification of the Subsidiary Which Acquired the
Security
Being Reported on By the Parent Holding Company.
Item
8.
Identification and Classification of Members of the Group.
Item
9.
Notice of Dissolution of Group.
Item
10.
Certification.
By
signing below I certify that, to the best of my knowledge and belief,
the
securities referred to above were acquired and are held in the ordinary
course
of
business and 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
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.
Date:
7/12/06
By:
/s/
Hedgehog Capital LLC by David T. Lu
David
T.
Lu, Managing Member
By:
/s/
David T. Lu
David
T.
Lu