UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 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. | SEC 1473 (7-02) | ||
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. |
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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) (2) | (3) | 11/19/2014 | Common Stock | 1,996,000 | $ 0.5 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Dragon Acquisitions LLC 989 TAHOE BLVD. UNIT 64L INCLINE VILLAGE, NV 89541 |
X |
/s/ William J. Delgado, Authorized Representative | 05/19/2014 | |
**Signature of Reporting Person | Date |
* | 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) | The shares were purchased in private transactions pursuant to certain Stock Purchase Agreements, each by and among the Reporting Person and certain shareholders of the Issuer, for the aggregate purchase price of $310,000. |
(2) | The stock options (the "Purchase Options") were purchased in private transactions pursuant to certain Purchase Option Agreements (collectively, the "Option Agreements"), each by and among the Reporting Person and certain shareholders of the Issuer (collectively, the "Optionors"). As consideration for the Purchase Options, the Reporting Person paid to each Optionor $10.00 upon full execution of each Option Agreement. |
(3) | The Purchase Options are exercisable immediately. |