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, 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. | 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 | ||||
Series C Preferred Stock | Â (2) | Â (2) | Common Stock | 1,525,424 | $ (2) | I | See Footnote (1) |
Series A-1 Preferred Stock | Â (3) | Â (3) | Common Stock | 2,437,500 | $ (3) | I | See Footnote (1) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Persiyanov Ivan 4 SADOVNICHESKAYA ST MOSCOW, 1Z 115025 |
 X |  X |  |  |
Ivan Persiyanov | 03/05/2015 | |
**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) | Ervington Investments Limited directly owns 7,624,990 shares of Common Stock, 1,525,424 shares of Series C Preferred Stock and 2,437,500 shares of Series A-1 Preferred Stock. Ervington Investments Limited is wholly owned by Greenleas International Holdings Ltd, which is wholly owned by Harmony Trust Settlement. Each of Ervington, Greenleas and Harmony Trust, through the ownership described herein, may be deemed to beneficially own the shares held by Ervington Investments Limited. The reporting person is the representative of Ervington Investments Limited on the Issuer's board of directors, and disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein. |
(2) | The Series C Preferred Stock has no expiration date and is convertible at any time at the option of the holder into an aggregate of 40,677,972 shares of common stock. |
(3) | The Series A-1 Preferred Stock has no expiration date and is convertible at any time at the option of the holder into an aggregate of 24,375,000 shares of common stock. |