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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT 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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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 1474 (9-02) |
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 Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Class A Common Stock Purchase Warrant | $ 0.0005 | 11/30/2007 | J(2) | 2,351,338,181 (3) | 05/16/2006 | 05/16/2007 | Common Stock | 2,351,338,181 (3) | (2) | 0 | D (1) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Horvath Holdings, LLC 27771 FORD RD GARDEN CITY, MI 48135 |
X |
/s/ Mark R. Horvath individually and as Manager of Horvath Holdings, LLC | 11/30/2007 | |
**Signature of Reporting Person | Date |
* | 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) | Mark R. Horvath is the sole member of Horvath Holdings, LLC, and therefore had indirect beneficial ownership of the securities disposed of and reported herein. Mr. Horvath's address is identical to that of Horvath Holdings, LLC. |
(2) | Pursuant to and in consideration of the mutual covenants and promises contained in the Mutual Settlement and Release Agreement disclosed on the Reporting Person's Schedule 13D-A filed on the date hereof, the Reporting Person has (a) assigned 400,000,000 shares of the Issuer's common stock to the Issuer and (b) surrendered the subject warrant to the Issuer. As a result of this transaction, the Reporting Person and Mark R. Horvath have no remaining beneficial interest in the Issuer's securities. |
(3) | The exact number of shares under the warrant was subject to adjustment. |
Remarks: Mark R. Horvath is the sole member of Horvath Holdings, LLC, and therefore had indirect beneficial ownership of the securities disposed of and reported herein. Mr. Horvath's address is identical to that of Horvath Holdings, LLC. |