5//SEC Filing
Bordynuik John William 5
Accession 0001140361-11-003047
CIK 0001381105other
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 6:20 PM ET
Size
16.7 KB
Accession
0001140361-11-003047
Insider Transaction Report
Form 5
JBI, INC.JBII
Bordynuik John William
CEO & President10% Owner
Transactions
- Other
Common Stock
2009-08-27−10,000,000→ 30,250,000 total - Other
Common Stock
2010-03-02−9,000,000→ 21,273,846 total - Other
Common Stock
2010-10-06−200,000→ 8,273,846 total - Sale
Common Stock
2010-02-02$3.00/sh+23,846$71,538→ 30,273,846 total - Other
Common Stock
2010-10-06−800,000→ 9,073,846 total - Purchase
Common Stock
2011-01-12$0.68/sh+3,000$2,040→ 8,276,846 total - Other
Common Stock
2010-03-02−12,000,000→ 9,273,846 total
Footnotes (4)
- [F1]The Company's CEO, John Bordynuik returned 10 million of his common shares to treasury, for the purchase of JBI's two subsidiary companies, JAVACO and Pak-It. The Companies were acquired on August 24, 2009 and September 30, 2009 respectively. The return of stock to treasury allowed for further company growth, while still preserving shareholder value and not diluting the existing shares.
- [F2]The Company's CEO, John Bordynuik received shares for a shareholder loan repayment in the amount of 23, 846 shares.
- [F3]The Company's CEO, John Bordynuik returned a total of 21 million of his common shares to treasury on February 3, 2010. Of this 21 million, approximately 7.5 million shares were used to offset the stock issued in a Private Placement offered by the Company in December 2009. The remaining 13.5 million shares used for clearing the remaining debt of JAVACO and Pak-It (see foot-note 1), to offset stock issuance in any future Offerings of the Company's securities, as well as provided compensation for Company Executives, while preserving shareholder value.
- [F4]The Company's CEO, John Bordynuik returned a total of 1 million shares to treasury on June 10, 2010. Of these 1 million shares, approximately 800,000 shares were transferred to an employee of JBI, Inc. and the remaining 200, 000 shares will be used toward any future financing endeavors, to minimize shareholder dilution. To date, the Company's CEO has returned a total of 32 million shares to treasury in order to preserve shareholder value and prevent dilution. As a result of the commercial operation of the Company's Plastic2Oil processor, the CEO does not foresee the need to return anymore stock to the treasury.
Documents
Issuer
JBI, INC.
CIK 0001381105
Entity typeother
Related Parties
1- filerCIK 0001440210
Filing Metadata
- Form type
- 5
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 6:20 PM ET
- Size
- 16.7 KB