SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
SCHEDULE 13G
(Rule 13d-102)
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
 
CHANTICLEER HOLDINGS, INC.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
15930P206
(CUSIP Number)
 
March 5, 2010
(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)
T 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 on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 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. 15930P206
  
13G
  
Page 2 of 4 Pages
      
1
NAME OF REPORTING PERSON:     ROBERT B. PRAG
  
     
      
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
  
   
(a) o
    
(b) o
3
SEC USE ONLY
  
     
      
4
CITIZENSHIP OR PLACE OF ORGANIZATION:    U.S.
  
     
      
 
5
SOLE VOTING POWER:     76,000
     
     
NUMBER OF
6
SHARED VOTING POWER:     14,000
SHARES
    
BENEFICIALLY
    
OWNED BY
7
SOLE DISPOSITIVE POWER:     76,000
EACH
    
REPORTING
    
PERSON WITH:
8
SHARED DISPOSITIVE POWER:     14,000
     
      
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  
 
90,000
  
      
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
  
     
    
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):     7.2%
  
     
      
12
TYPE OF REPORTING PERSON*:     IN
  
     
      
 
 
CUSIP No. 15930P206
  
13G
  
Page 3 of 4 Pages

ITEM 1(a). NAME OF ISSUER:

CHANTICLEER HOLDINGS, INC.

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

11220 Elm Lane, Suite 203, Charlotte, NC  28277

ITEM 2(a). NAME OF PERSON FILING:

This Schedule 13G is being filed on behalf of the following person (the “Reporting Person”):

ROBERT B. PRAG

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:

The principal business office of the Reporting Person filing this Schedule 13G is:

2455 El Amigo Road, Del Mar, CA 92014

ITEM 2(c). CITIZENSHIP:

United States

ITEM 2(d). TITLE OF CLASS OF SECURITIES:

Common Stock

ITEM 2(e). CUSIP NUMBER:

15930P206

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS:

Not applicable.

ITEM 4. OWNERSHIP:

The information in Item 1, Items 5 through 9, and Item 11 on page 2 of this Schedule 13G is hereby incorporated by this reference.

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 Persons have ceased to be the beneficial owner of more than five percent of the class of securities check the following. o


CUSIP No. 15930P206
  
13G
  
Page 4 of 4 Pages

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

Not applicable.

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:

Not applicable.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP:

Not applicable.

ITEM 10. CERTIFICATION

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.


Dated:
  
March 10, 2010

         
/s/ Robert B. Prag
      
Robert B. Prag