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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549ANNUAL STATEMENT 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 2270 (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 at End of Issuer's Fiscal Year (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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(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
Stock Purchase Warrant (16) | $ 0.08 | 07/06/2010 | Â | P4 | 1,375,000 | Â | 07/06/2010 | 04/15/2015 | Common Shares | $ 0.08 | 1,375,000 | Â | ||
Stock Purchase Option | $ 0.19 | 05/06/2010 | Â | A4 | 500,000 | Â | 05/06/2011 | 05/06/2015 | Common Shares | $ 0 | 1,875,000 | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WELSTAD GLENN 1172 W GRANGE AVENUE POST FALLS, ID 83854 |
 X |  X |  CEO |  |
/s/ Glenn Welstad | 02/04/2011 | |
**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) | Transfer from direct ownership to indirect ownership via Welstad Family Foundation. |
(2) | The disposition relates to shares owned indirectly that are now being converted to direct ownership. The disposition removes the shares from indirect ownership as follows: 579,277 shares owned via Everyday Staffing, LLC; 452,036 shares owned via 7809-01 Kent, LLC; 263,844 shares owned via Workers for You; and 164,284 shares owned via Everyday Staffing East. |
(3) | The acquisition relates to shares owned indirectly that are now being converted to direct ownership as follows: 128,714 shares owned via Everyday Staffing, LLC; 100,441 shares owned via 7809-01 Kent, LLC; 58,625 shares owned via Workers for You; and 36,504 shares owned via Everyday Staffing East. |
(4) | Transfer from direct ownership to indirect ownership via spouse. |
(5) | Shares issued to acquire filers rights pursuant to a new office surcharge buyout agreement. |
(6) | Shares were issued directly by issuer to repay debt owed to shareholder. |
(7) | Gift to Hedgehog Management |
(8) | Gift to Enget Charitable Remainder Trust |
(9) | The disposition relates to shares owned indirectly that are now being converted to direct ownership. The disposition removes the shares from indirect ownership as follows: 311,347 shares owned via SW Temporary Development, LLC; 446,140 shares owned via Aardvark, LLC; and 119,080 shares owned via Valley Staffing Services of S Texas, LLC. |
(10) | The acquisition relates to shares owned indirectly that are now being converted to direct ownership as follows: 311,347 shares owned via SW Temporary Development, LLC; 446,140 shares owned via Aardvark, LLC; and 60,731 shares owned via Valley Staffing Services of S Texas, LLC. |
(11) | Indirect ownership via Welstad Supporting Organization transferred to indirect ownership via Welstad Family Foundation. |
(12) | The disposition relates to shares owned indirectly that are now being converted to direct ownership. The disposition removes the shares from indirect ownership as follows: 180,965 shares owned via ZMP Associates, LLC; and 434,686 shares owned via Harbor Bay Staffing Services, LLC. |
(13) | The acquisition relates to shares owned indirectly that are now being converted to direct ownership as follows: 120,643 shares owned via ZMP Associates, LLC; and 289,791 shares owned via Harbor Bay Staffing Services, LLC. |
(14) | Unit consists of one share of common stock and one-half of one common stock purchase warrant. Units acquired directly from issuer in private placement. |
(15) | This transaction converts indirect ownership into direct ownership. 168,946 shares owned indirectly via Sacramento Temporary Staffing Services, LLC were distributed among the members, resulting in direct ownership of 77,342 for this filer. |
(16) | Exercise price is $ 0.08, $ 0.16, $ 0.32, $ 0.50 and $ 1.00 until 4/15/11, 4/15/12, 4/15/13, 4/15/14 and 4/15/15, respectively. Unit consists of one share of common stock and one-half of one common stock purchase warrant. |