4//SEC Filing
Panther James B II 4
Accession 0001078782-13-000498
CIK 0001419577other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 5:13 PM ET
Size
11.2 KB
Accession
0001078782-13-000498
Insider Transaction Report
Form 4
Panther James B II
10% Owner
Transactions
- Sale
Common Stock
2012-04-12$115000.00/sh−75,000,000$8,625,000,000,000→ 6,708,060 total(indirect: See footnote 1, 2 and 3) - Sale
5% Secured Note
2012-04-12$5000.00/sh(indirect: See notes 1, 2, and 4)Exercise: $0.00From: 2010-04-01Exp: 2011-03-31→ Common Stock (6,784,444 underlying)
Holdings
- 707,340(indirect: See notes 1, 2 and 5)
Warrants (holding)
Exercise: $0.07From: 2010-04-01Exp: 2014-03-12→ Common Stock (707,340 underlying)
Footnotes (5)
- [F1]Until April 5, 2012, Mr. Mark L. Baum, Esq. and Mr. James Panther were indirect equal control persons of all Common Stock and promissory notes previously owned by Noctua Fund Manager, LLC ("NFM") and Noctua Fund, LP ("Noctua Fund") and each disclaimed beneficial ownership of the 50% of above enumerated shares and convertible notes owned by the other (as reported on Form 5 of Reporting Person for period ended December 31, 2011). Together, as previously reported by Reporting Person, such parties owned jointly 81,708,060 shares of Common Stock, $3,053 principal amount of 5% Secured Notes, and 707,340 warrants.
- [F2]On April 5, 2012, Mr. Baum sold any and all of his beneficial interest in the securities to Devkom International, LLC Investment Series V ("Devkom"), resulting in a change of beneficial ownership on such securities such that all 100% became indirectly held by Mr. Panther, as Devkom's control person. Similarly, Reporting Person disclaims beneficial ownership of any shares held by Shrink, a separate publicly traded corporation with which Reporting Persons may have been affiliated at the times covered by this Report.
- [F3]Indicates transfer by Devkom of 75,000,000 shares of common stock sold to Rum Punch partners, an unaffiliated third party entity controlled by MB Management, the control person of which is Manuel Suqilindo, consideration of $115,000. As part of the sale, the Reporting Person also sold all 5,000,000 shares of non-convertible Series A Preferred Stock to such assignee.
- [F4]Indicates transfer by Devkom of $3,053 and any other interest or principal on the 5% Secured Note, to an unaffiliated third party entity for consideration of $5,000. At the time of said transfer the Reporting Person was technically no longer a beneficial owner of 5% of the securities of the Company.
- [F5]This Form 4 constitutes an exit form for Reporting Person. As at April 12, 2012, after the transfer of 75,000,000 shares of common stock and 5,000,000 shares of non-convertible Series A Preferred Stock (not reported) by Devkom, an entity controlled by Reporting Person, said Reporting Persons beneficially owns directly and indirectly, in aggregate, less than 5% of the outstanding Common Stock of the Company (inclusive of shares exercisable for or convertible into Common Stock within 60 days), based on shares of the Company outstanding at the time of the Report.
Documents
Issuer
BLACKBOX SEMICONDUCTOR, INC.
CIK 0001419577
Entity typeother
Related Parties
1- filerCIK 0001358114
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 5:13 PM ET
- Size
- 11.2 KB