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 *
  BBS CAPITAL FUND LP
 2. Date of Event Requiring Statement (Month/Day/Year)
09/01/2009		 3. Issuer Name and Ticker or Trading Symbol
KONA GRILL INC [KONA]
(Last)
(First)
(Middle)
4975 PRESTON PARK BLVD., SUITE 775W		 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)

PLANO, TX 75093		 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, $0.01 par value per share 921,208 (1) (2)
D
 

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
BBS CAPITAL FUND LP
4975 PRESTON PARK BLVD.
SUITE 775W
PLANO, TX 75093		     X    
BBS Capital Management, LP
4975 PRESTON PARK BLVD.
SUITE 775W
PLANO, TX 75093		     X    
BBS Capital GP, LP
4975 PRESTON PARK BLVD.
SUITE 775W
PLANO, TX 75093		     X    
BBS Capital, LLC
4975 PRESTON PARK BLVD.
SUITE 775W
PLANO, TX 75093		     X    
Bakay Berke
4975 PRESTON PARK BLVD.
SUITE 775W
PLANO, TX 75093		     X    

Signatures

/s/ Berke Bakay, manager of BBS Capital, LLC, general partner of BBS Capital GP, LP, general partner of BBS Capital Fund, LP 09/03/2009
**Signature of Reporting Person Date
/s/ Berke Bakay, manager of BBS Capital, LLC, general partner of BBS Capital Management, LP 09/03/2009
**Signature of Reporting Person Date
/s/ Berke Bakay, manager of BBS Capital, LLC, general partner of BBS Capital GP, LP 09/03/2009
**Signature of Reporting Person Date
/s/ Berke Bakay, manager of BBS Capital, LLC 09/03/2009
**Signature of Reporting Person Date
/s/ Berke Bakay 09/03/2009
**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) The filing of this Form 3 shall not be construed as an admission that BBS Capital Management, LP ("BBS Management"), BBS Capital GP, LP ("BBS GP"), BBS Capital, LLC ("BBS Capital") or Mr. Berke Bakay are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the shares of common stock, par value $0.01 per share ("Common Stock"), of the Issuer owned by BBS Capital Fund, LP (the "Fund"). Mr. Bakay, BBS GP, BBS Management and BBS Capital each disclaim any such beneficial ownership except to the extent of their pecuniary interest.
(2) The Fund beneficially owned 921,208 shares of Common Stock of the Issuer as of the time that it acquired more than 10% of the outstanding Common Stock of the Issuer on September 1, 2009. BBS GP, as general partner of the Fund, BBS Capital, as the general partner of BBS GP, and Mr. Bakay may be deemed to have an indirect pecuniary interest in such shares due to the performance allocation from the Fund and their direct or indirect partnership interests in the Fund. BBS Management, as investment manager to the Fund receives an asset-based management fee from the Fund and, therefore, has no pecuniary interest.

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