SCOTT RICHARD L 5/A

5/A · XFONE INC. · Filed Feb 28, 2011

Form 5/AAmended

Period: 2010-12-31

10% Owner

Holdings

Common Stock
(indirect: By Trust)
626,498
Warrant to Purchase Common Stock
(indirect: By LLC)
Exercise: $3.10From: 2008-02-26Exp: 2012-12-23→ Common Stock (800,000 underlying)
800,000
Common Stock
(indirect: By Partnership)
626,498
Common Stock
(indirect: By Trust)
1,252,987

Footnotes (1)

[F1]The Reporting Person's Form 5 dated February 15, 2011 incorrectly stated that XFN RLSI Investments, LLC has been dissolved. XFN RLSI Investments, LLC has not been dissolved and continues to own a warrant to purchase 800,000 shares of Common Stock of the Issuer ("Common Stock"). Prior to October 7, 2010, the Reporting Person beneficially owned (i) 2,643,121 shares of Common Stock and (ii) a warrant to purchase 800,000 shares of Common Stock, as a result of its ownership of XFN RLSI Investments, LLC. On October 7, 2010 and October 18, 2010, XFN RLSI Investments, LLC distributed all of its 2,643,121 shares of Common Stock to its members. As a result of that distribution and because 137,138 shares of Common Stock were distributed to members of XFN RLSI Investments, LLC which are not controlled by or affiliated with the Reporting Person, the Reporting Person's beneficial ownership of the Issuer was reduced by 137,138 shares of Common Stock.

Documents

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