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 *
  Garcia Rene
2. Date of Event Requiring Statement (Month/Day/Year)
04/18/2011
3. Issuer Name and Ticker or Trading Symbol
Perfumania Holdings, Inc. [PERF]
(Last)
(First)
(Middle)
1600 NW 84TH AVENUE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Member of 10% 13D Group
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

MIAMI, FL 33126
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 (1) (2) 17,257
D
 
Common Stock, $0.01 par value (1) (2) 1,449,987
D (3)
 
Common Stock, $0.01 par value (1) (2) 101,333
D (4)
 
Common Stock, $0.01 par value (1) (2) 277,847
D (5)
 
Common Stock, $0.01 par value (1) (2) 121,615
D (6)
 
Common Stock, $0.01 par value (1) (2) 121,615
D (7)
 
Common Stock, $0.01 par value (1) (2) 121,615
D (8)
 

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
Warrant (right to buy) (1) (2) 08/11/2008 08/11/2018 Common Stock, $0.01 par value 72,738 $ 23.94 D  
Warrant (right to buy) (1) (2) 04/18/2012 04/07/2017(9) Common Stock, $0.01 par value 261,332 $ 8 D (6)  
Warrant (right to buy) (1) (2) 04/18/2012 12/18/2017(9) Common Stock, $0.01 par value 170,666 $ 8 D (6)  
Warrant (right to buy) (1) (2) 04/18/2012 04/07/2017(9) Common Stock, $0.01 par value 261,332 $ 8 D (7)  
Warrant (right to buy) (1) (2) 04/18/2012 12/18/2017(9) Common Stock, $0.01 par value 170,666 $ 8 D (7)  
Warrant (right to buy) (1) (2) 04/18/2012 04/07/2017(9) Common Stock, $0.01 par value 261,332 $ 8 D (8)  
Warrant (right to buy) (1) (2) 04/18/2012 12/18/2017(9) Common Stock, $0.01 par value 170,666 $ 8 D (8)  
Warrant (right to buy) (1) (2) 04/18/2012 04/07/2017(9) Common Stock, $0.01 par value 783,996 $ 8 I By Premier Trust, Inc.
Warrant (right to buy) (1) (2) 04/18/2012 12/18/2017(9) Common Stock, $0.01 par value 512,998 $ 8 I By Premier Trust, Inc.
Warrant (right to buy) (1) (2) 08/11/2008 08/11/2018 Common Stock, $0.01 par value 26,997 $ 23.94 D (6)  
Warrant (right to buy) (1) (2) 08/11/2008 08/11/2018 Common Stock, $0.01 par value 26,997 $ 23.94 D (7)  
Warrant (right to buy) (1) (2) 08/11/2008 08/11/2018 Common Stock, $0.01 par value 26,997 $ 23.94 D (8)  
Warrant (right to buy) (1) (2) 08/11/2008 08/11/2018 Common Stock, $0.01 par value 80,991 $ 23.94 I By Premier Trust, Inc.
Warrant (right to buy) (1) (2) 04/18/2012 04/18/2020(9) Common Stock, $0.01 par value 191,999 $ 8 D (6)  
Warrant (right to buy) (1) (2) 04/18/2012 04/18/2020(9) Common Stock, $0.01 par value 192,000 $ 8 D (7)  
Warrant (right to buy) (1) (2) 04/18/2012 04/18/2020(9) Common Stock, $0.01 par value 192,000 $ 8 D (8)  
Warrant (right to buy) (1) (2) 04/18/2012 04/18/2020(9) Common Stock, $0.01 par value 575,999 $ 8 I By Premier Trust, Inc.

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Garcia Rene
1600 NW 84TH AVENUE
MIAMI, FL 33126
    X   Member of 10% 13D Group
RGarcia Investment Holdings, LLC
1600 NW 84TH AVENUE
MIAMI, FL 33126
    X   Member of 10% 13D Group
JM-CO Capital Fund, LLC
1600 NW 84TH AVENUE
MIAMI, FL 33126
    X   Member of 10% 13D Group
Garcia 2012 Family Dynasty Trust #2
1600 NW 84TH AVENUE
MIAMI, FL 33126
    X   Member of 10% 13D Group
Jacavi Investments, LLC
1600 NW 84TH AVENUE
MIAMI, FL 33126
    X   Member of 10% 13D Group
Aqua Capital Fund, LLC
1600 NW 84TH AVENUE
MIAMI, FL 33126
    X   Member of 10% 13D Group
Garcia 2012 Family Dynasty Trust #3
1600 NW 84TH AVENUE
MIAMI, FL 33126
    X   Member of 10% 13D Group

Signatures

JM-CO Capital Fund, LLC; By: /S/ Mark F. Coldwell, Attorney-in-Fact for JM-CO Capital Fund, LLC 04/30/2012
**Signature of Reporting Person Date

Aqua Capital Fund, LLC; By: /S/ Mark F. Coldwell, Attorney-in-Fact for Aqua Capital Fund, LLC 04/30/2012
**Signature of Reporting Person Date

RGarcia Investment Holdings, LLC; By: /S/ Mark F. Coldwell, Attorney-in-Fact for RGarcia Investment Holdings, LLC 04/30/2012
**Signature of Reporting Person Date

Rene Garcia; By: /S/ Mark F. Coldwell, Attorney-in-Fact for Rene Garcia 04/30/2012
**Signature of Reporting Person Date

Jacavi Investments, LLC; By: /S/ Mark F. Coldwell, Attorney-in-Fact for Jacavi Investments, LLC 04/30/2012
**Signature of Reporting Person Date

Garcia 2012 Family Dynasty Trust # 2; By: /S/ Mark F. Coldwell, Attorney-in-Fact for the Garcia 2012 Family Dynasty Trust # 2 04/30/2012
**Signature of Reporting Person Date

Garcia 2012 Family Dynasty Trust # 3; By: /S/ Mark F. Coldwell, Attorney-in-Fact for the Garcia 2012 Family Dynasty Trust # 3 04/30/2012
**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) Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transaction being filed with the Securities and Exchange Commission.
(2) Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
(3) Shares owned directly by JM-CO Capital Fund, LLC (JM-CO) and indirectly by Jacqueline Marie Garcia Haley (Haley), as Manager. As members of JM-CO, the Carolina Marie Garcia Pirez 2012 Dynasty Trust (CMGP Trust), the Jacqueline Marie Garcia Haley 2012 Dynasty Trust (JMGH Trust) and the Victor Garcia 2012 Dynasty Trust (VG Trust) may be deemed to be the beneficial owners of the shares held by JM-CO. As the investment adviser of each of CMGP Trust, JMGH Trust and VG Trust, Rene Garcia may be deemed to be the beneficial owner of the shares owned directly by JM-CO. Premier Trust, Inc. (Premier) is the Trustee of each of the reported trusts, Haley is the Successor Trust Protector of the CMGP Trust and Carolina Marie Garcia Pirez (Pirez) is the Successor Trust Protector of the JMGH and VC Trusts. As a result, each of Premier, as trustee of the reported trusts and Haley and Pirez, as Successor Trust Protectors, may be deemed to indirectly beneficially own the shares held directly by JM-CO.
(4) Shares owned directly by Aqua Capital Fund, LLC (Aqua Capital) and indirectly by Jacavi Investments, LLC, as Manager (Jacavi), and Haley, as Manager of Jacavi. As the members of Aqua Capital, the CMGP Trust, the JMGH Trust and the VG Trust may be deemed to be the beneficial owners of the Shares owned directly by Aqua Capital. As the investment adviser of each of CMGP Trust, JMGH Trust and VG Trust, Rene Garcia may be deemed to be the beneficial owner of the Shares owned directly by Aqua Capital. Premier, as trustee of such trusts, and Haley and Pirez, as Successor Trust Protectors of such trusts may be deemed to be the beneficial owners of the Shares owned directly by Aqua Capital.
(5) Shares owned directly by RGarcia Investment Holdings, LLC (RGarcia Holdings) and indirectly by Rene Garcia, as Manager. As the members of RGarcia Holdings, each of the Garcia 2012 Family Dynasty Trust #2 and the Garcia 2012 Family Dynasty Trust #3 may be deemed to be the beneficial owners of the Shares owned directly by RGarcia Holdings. As co-trustees of such trusts, each of Pirez, Haley and Victor Garcia may be deemed to indirectly own the shares held directly by RGarcia Holdings.
(6) These securities are owned directly by the CMGP Trust. As the investment adviser of CMGP Trust, Rene Garcia may be deemed to be the beneficial owner of the securities owned directly by CMGP Trust. As the Trustee of CMGP Trust, Premier Trust may be deemed the beneficial of the securities directly owned by CMGP Trust. As the Successor Trust Protector of CMGP Trust, Ms. Haley may be deemed to be the beneficial owner of the securities owned directly by CMGP Trust.
(7) These securities are owned directly by the JMGH Trust. As the investment adviser of JMGH trust, Rene Garcia may be deemed to be the beneficial owner of the securities directly owned in the aggregated by JMGH Trust. As the Trustee of JMGH Trust, Premier Trust may be deemed the beneficial of the securities directly owned by JMGH Trust. As the Successor Trust Protector of JMGH Trust, Ms. Pirez may be deemed to be the beneficial owner of the securities directly owned by JMGH Trust.
(8) These securities are owned directly by the VG Trust. As the investment adviser of VG Trust, Rene Garcia may be deemed to be the beneficial owner of the securities directly owned by VG Trust. As the Trustee of VG Trust, Premier Trust may be deemed the beneficial of the securities directly owned by VG Trust. As the Successor Trust Protector of VG Trust, Ms. Pirez may be deemed to be the beneficial owner of the securities directly owned by VG Trust.
(9) Pursuant to the terms of the warrants, under certain circumstances the expiration date of the warrants may be accelerated to the fifth anniversary of the date of grant.

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