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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 | ||||||||
Warrants | $ 4.5 | 03/27/2006 | P | 26,667 | 03/27/2006 | 05/01/2008 | Common Stock | 26,667 | $ 0 | 26,667 | D | ||||
Warrants | $ 2.75 | 07/18/2007 | P(3) | 20,000 | 07/18/2007 | 07/17/2009 | Common Stock | 20,000 | $ 0 | 20,000 | D | ||||
Warrants | $ 0 | 07/18/2007 | P(4) | 8,000 | (4) | (4) | Common Stock | 8,000 | $ 0 | 8,000 | D | ||||
Convertible Debenture | $ 5.25 | 10/19/2006 | C | 100 | (5) | 10/18/2008 | Common Stock | 19,048 | $ 100,000 | 0 | D | ||||
Convertible Note | $ 2.5 | 06/26/2007 | C | 1 | (5) | 06/25/2008 | Common Stock | 40,000 | $ 100,000 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
AUCHINLECK RICHARD H C/O RED MILE ENTERTAINMENT INC 4000 BRIDGEWAY, SUITE 101 SAUSALITO, CA 94965 |
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/s/ Richard H. Auchinleck | 07/27/2007 | |
**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) | These shares were received upon the conversion of a $100,000 convertible debenture into shares of the Issuer at $2.50 per share. |
(2) | These shares were received as part of units received upon the conversion of a $100,000 convertible note into units of the Issuer at $2.50 per unit. |
(3) | These warrants were received in addition to the units received upon the conversion of the $100,000 convertible note. |
(4) | These warrants were received as part of the units received upon conversion of the $100,000 convertible note. The warrants are exercisable for no additional consideration if the Issuer does not complete by March 18, 2008 a liquidity transaction, as defined in the June 22, 2007 agency agreement between the Issuer and J.F. Mackie & Company Ltd. These warrants will automatically be cancelled if the Issuer completes such a liquidity transaction by March 18, 2008. |
(5) | These convertible instruments were converted upon the sale of units by the Issuer. |