Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person *
BAKER CHRISTOPHER P
2. Issuer Name and Ticker or Trading Symbol
America's Suppliers, Inc. [AASL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

340 CHESTNUT ST.
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2010
(Street)


NEWTON, MA 02465
4. If Amendment, Date Original Filed(Month/Day/Year)
12/20/2010
6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             3,425,203 D  
Restricted Stock             16,000 D  
Common Stock             39,479 I C.P. Baker & Company, Ltd.
Common Stock             366,111 I Anasazi Partners II, LLC
Common Stock             825,160 I Anasazi Partners III, LLC
Common Stock             738,420 I Anasazi Partners III Offshore, Ltd.
Common Stock             50,000 I Adrienne Baker
Common Stock             20,000 I Derek Baker
Common Stock             40,180 I Christina Baker

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. 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 control number. SEC 2270 (9-02)

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 Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants $ 0.1           06/19/2008   (1) Common Stock
226,185
  578,479
D
 
Warrants $ 0.1           06/20/2008   (1) Common Stock
213,006
  578,479
D
 
Warrants $ 0.21           09/15/2010 09/15/2015 Common Stock
50,000
  578,479
D
 
Options $ 1.6           09/01/2007 09/01/2012 Common Stock
44,644
  578,479
D
 
Options $ 1.6           07/31/2007 07/31/2012 Common Stock
44,644
  578,479
D
 
Warrants $ 0.1           06/19/2008   (1) Common Stock
3,605
  6,296
I
C.P. Baker & Company, Ltd.
Warrants $ 0.1           06/20/2008   (1) Common Stock
2,691
  6,296
I
C.P. Baker & Company, Ltd.
Warrants $ 0.1           06/19/2008   (1) Common Stock
47,691
  73,537
I
Anasazi Partners II, LLC
Warrants $ 0.1           06/20/2008   (1) Common Stock
25,846
  176,445
I
Anasazi Partners II, LLC
Warrants $ 0.1           06/20/2008   (1) Common Stock
57,901
  176,445
I
Anasazi Partners III, LLC
Warrants $ 0.1           06/19/2008   (1) Common Stock
101,843
  176,445
I
Anasazi Partners III, LLC
Options $ 1.6           06/06/2007 06/06/2012 Common Stock
2,181
  176,445
I
Anasazi Partners III, LLC
Options $ 1.6           05/15/2007 05/15/2012 Common Stock
14,520
  176,445
I
Anasazi Partners III, LLC
Warrants $ 0.1           06/20/2008   (1) Common Stock
51,658
  154,809
I
Anasazi Partners III Offshore, Ltd.
Warrants $ 0.1           06/19/2008   (1) Common Stock
88,631
  154,809
I
Anasazi Partners III Offshore, Ltd.
Options $ 1.6           05/15/2007 05/15/2012 Common Stock
14,520
  154,809
I
Anasazi Partners III Offshore, Ltd.

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BAKER CHRISTOPHER P
340 CHESTNUT ST.
NEWTON, MA 02465
  X   X    

Signatures

/s/ Chris Perry Baker 05/13/2011
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) N/A

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