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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
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      D.C. 20549</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">__________________</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 20pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PURSUANT
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      EXCHANGE ACT OF 1934</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 20pt; FONT-FAMILY: Times New Roman"><strong>SRKP
      3, INC.</strong></font></div>
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      Name of Registrant as Specified in Charter)</em></font></div>
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                or other jurisdiction</em></font></div>
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                incorporation)</em></font></div>
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                Number)</em></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>1900
                Avenue of the Stars, Suite 310</strong></font></div>
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            <td valign="bottom" width="35%">&#160;</td>
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                203-2902</strong></font></div>
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          <tr>
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            <td valign="bottom" width="35%">&#160;</td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>(Former
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      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font></font>Written
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="FONT-FAMILY: Wingdings">o<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font></font>Soliciting
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      Act&#160;(17&#160;CFR&#160;240.14d-2(b))</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="FONT-FAMILY: Wingdings">o<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;</font></font>Pre-commencement
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(17&#160;CFR&#160;240.13e-4(c))</font></div>
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    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      5.02 </strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Departure
      of Directors or Principal Officers; Election of Directors; Appointment of
      Principal Officers</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      August
      18, 2006, Glenn L. Krinsky, the Chief Financial Officer, Corporate Secretary
      and
      Director of SRKP 3, Inc. (the &#8220;Company&#8221;), resigned from his positions effective
      August 18, 2006. Mr. Krinsky&#8217;s resignation was for personal reasons and not due
      to any disagreement with the Company. Anthony C. Pintsopoulos, 50, will replace
      Mr. Krinsky as the Chief Financial Officer, Corporate Secretary and a Director
      of the Company. Mr. Pintsopoulos also serves as the Chief Financial Officer
      of
      WestPark Capital, Inc. (WestPark Capital), a Colorado corporation and a
      registered broker-dealer. Prior to joining WestPark Capital, Mr. Pintsopoulos
      was Chief Financial Officer and acting Chief Operating Officer at Joseph,
      Charles &amp; Associates (JCA) a full service investment banking and securities
      brokerage firm. Prior to JCA, from 1983 to 1995, Mr. Pintsopoulos served as
      Chief Financial Officer, Treasurer and board member of Safety 1st, Inc. (Safety
      1</font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><sup>st</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">),
      a
      manufacturer of juvenile products. He administered Safety 1</font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"><sup>st</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8217;s
      IPO
      and secondary offerings. Preceding Safety 1st, Mr. Pintsopoulos worked at
      Coopers &amp; Lybrand Boston, Massachusetts. Also he owned his own CPA Firm in
      Massachusetts before merging it into Vitale, Caturano &amp; Co., PC (the largest
      CPA firm in New England, other than the Big 4). In his CPA business, he has
      worked with both public and private entities in all phases of business
      development. He holds a Bachelor of Business Administration in Accounting from
      the University of Massachusetts, Amherst and holds NASD licenses 7, 24, and
      63.
      He is a Certified Public Accountant, a member of the Massachusetts Society
      of
      Certified Public Accountants (MSCPA) and the American Institute of Certified
      Public Accountants (AICPA).</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
      Pintsopolous is also a director of SRKP 5, Inc., SRKP 6, Inc., SRKP 8, Inc.
      and
      SRKP 9, Inc., each of which is currently a blank shell company. On August 18,
      2006, Mr. Pintsopoulos also became a director of SRKP 1, Inc. and SRKP 2, Inc.,
      each of which is currently a blank shell company. In addition, one of the
      finders of business combinations for the Company may be WestPark Capital. Mr.
      Pintsopoulos, one of the Company&#8217;s significant stockholders, is the Chief
      Financial Officer of WestPark Capital. On April 29, 2005, the Company&#8217;s
      promoters purchased an aggregate of 2,700,000 shares of its common stock for
      an
      aggregate cash consideration of $50,000. Of the 2,700,000 shares purchased
      by
      promoters, Mr. Pintsopoulos is the beneficial owner of 243,000 shares of common
      stock. </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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          <tr valign="top" bgcolor="#ffffff">
            <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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            <td>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">August
                23, 2006</font></div>
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            <td colspan="2">
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                3, INC.</strong></font></div>
            </td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Richard
              Rappaport</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td>
              <div><font size="2">Name&#160;&#160;&#160;&#160;</font></div>
              <div><font size="2">Title:</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt" size="3">&#160;</font></div>
            </td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Richard
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{"company-data": {"conformed-name": "SRKP 3, INC", "cik": "0001326355", "assigned-sic": "6770", "irs-number": "753189552", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-126441", "film-number": "061051607"}, "business-address": {"street1": "C/O SRKP 3 INC", "street2": "1900 AVENUE OF THE STARS SUITE 310", "city": "LOS ANGELES", "state": "CA", "zip": "90067", "phone": "310-843-9300"}, "mail-address": {"street1": "C/O SRKP 3 INC", "street2": "1900 AVENUE OF THE STARS SUITE 310", "city": "LOS ANGELES", "state": "CA", "zip": "90067"}}
SECURITIES
      AND EXCHANGE COMMISSION
WASHINGTO,
      D.C. 20549
__________________
FORM
      8-K
CURRENT
      REPORT
PURSUANT
      TO SECTION 13 OR 15(d) of the
SECURITIES
      EXCHANGE ACT OF 1934
Date
      of
      Report (Date of Earliest Event Reported): August 18, 2006
SRKP
      3, INC.
(Exact
      Name of Registrant as Specified in Charter)
Delaware
333-126441
75-3189552
(State
                or other jurisdiction
(Commission
(IRS
                Employer
of
                incorporation)
File
                Number)
Identification
                No.)
1900
                Avenue of the Stars, Suite 310
Los
                Angeles, CA
90067
(Address
                of principal executive offices)
(Zip
                code)
Registrant's
                telephone number, including area code:
(310)
                203-2902
(Former
      Name or Former Address, If Changed Since Last Report)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:
o
Written
      communications
      pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
      material
      pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange
      Act (17 CFR 240.14d-2(b))
o
Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act 
(17 CFR 240.13e-4(c))
Item
      5.02
Departure
      of Directors or Principal Officers; Election of Directors; Appointment of
      Principal Officers
On
      August
      18, 2006, Glenn L. Krinsky, the Chief Financial Officer, Corporate Secretary
      and
      Director of SRKP 3, Inc. (the "Company"), resigned from his positions effective
      August 18, 2006. Mr. Krinsky's resignation was for personal reasons and not due
      to any disagreement with the Company. Anthony C. Pintsopoulos, 50, will replace
      Mr. Krinsky as the Chief Financial Officer, Corporate Secretary and a Director
      of the Company. Mr. Pintsopoulos also serves as the Chief Financial Officer
      of
      WestPark Capital, Inc. (WestPark Capital), a Colorado corporation and a
      registered broker-dealer. Prior to joining WestPark Capital, Mr. Pintsopoulos
      was Chief Financial Officer and acting Chief Operating Officer at Joseph,
      Charles & Associates (JCA) a full service investment banking and securities
      brokerage firm. Prior to JCA, from 1983 to 1995, Mr. Pintsopoulos served as
      Chief Financial Officer, Treasurer and board member of Safety 1st, Inc. (Safety
      1
st
),
      a
      manufacturer of juvenile products. He administered Safety 1
st
's
      IPO
      and secondary offerings. Preceding Safety 1st, Mr. Pintsopoulos worked at
      Coopers & Lybrand Boston, Massachusetts. Also he owned his own CPA Firm in
      Massachusetts before merging it into Vitale, Caturano & Co., PC (the largest
      CPA firm in New England, other than the Big 4). In his CPA business, he has
      worked with both public and private entities in all phases of business
      development. He holds a Bachelor of Business Administration in Accounting from
      the University of Massachusetts, Amherst and holds NASD licenses 7, 24, and
      63.
      He is a Certified Public Accountant, a member of the Massachusetts Society
      of
      Certified Public Accountants (MSCPA) and the American Institute of Certified
      Public Accountants (AICPA).
Mr.
      Pintsopolous is also a director of SRKP 5, Inc., SRKP 6, Inc., SRKP 8, Inc.
      and
      SRKP 9, Inc., each of which is currently a blank shell company. On August 18,
      2006, Mr. Pintsopoulos also became a director of SRKP 1, Inc. and SRKP 2, Inc.,
      each of which is currently a blank shell company. In addition, one of the
      finders of business combinations for the Company may be WestPark Capital. Mr.
      Pintsopoulos, one of the Company's significant stockholders, is the Chief
      Financial Officer of WestPark Capital. On April 29, 2005, the Company's
      promoters purchased an aggregate of 2,700,000 shares of its common stock for
      an
      aggregate cash consideration of $50,000. Of the 2,700,000 shares purchased
      by
      promoters, Mr. Pintsopoulos is the beneficial owner of 243,000 shares of common
      stock.
SIGNATURES
Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.
Date:
August
                23, 2006
SRKP
                3, INC.
By:
/s/ Richard
              Rappaport
Name
Title:
Richard
              Rappaport
President