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4//SEC Filing

WILSON ANITA 4

Accession 0001209191-10-049919

CIK 0000920317other
View on SEC.govCompany Profile

Filed

Oct 11, 8:00 PM ET

Accepted

Oct 12, 6:28 AM ET

Size

22.9 KB

Accession

0001209191-10-049919

Insider Transaction Report

Form 4
Period: 2009-03-20
US DRY CLEANING CORPUDRY
WILSON CLYDE
10% Owner
Transactions
  • Purchase

    Common Stock

    2009-01-28$0.13/sh+40,000$5,200→ 37,333,388 total(indirect: By Park Place)
  • Purchase

    Series A Preferred Stock

    2009-02-03$100.00/sh+1,000$100,000→ 37,333,388 total(indirect: By Trust)
    Exercise: $0.32From: 2009-02-03→ Common Stock (312,500 underlying)
  • Other

    Series B Preferred Stock

    2009-02-17+252→ 37,333,388 total(indirect: By Trust)
    Exercise: $0.32From: 2009-02-17→ Common Stock (78,750 underlying)
  • Purchase

    Common Stock

    2009-01-27$0.11/sh+50,000$5,700→ 37,333,388 total
  • Purchase

    Series A Preferred Stock

    2009-02-03$100.00/sh+1,000$100,000→ 37,333,388 total(indirect: By Trust)
    Exercise: $0.32From: 2009-02-03→ Common Stock (312,500 underlying)
  • Purchase

    Convertible Promissory Note

    2009-03-20→ 37,333,388 total(indirect: By Setal 1)
    From: 2009-03-20→ Common Stock (421,250 underlying)
  • Purchase

    Convertible Promissory Note

    2009-03-20→ 37,333,388 total(indirect: By Trust)
    From: 2009-03-20→ Common Stock (842,813 underlying)
Clyde Wilson , Trustee of The Wilson Family Trust
10% Owner
Transactions
  • Other

    Series B Preferred Stock

    2009-02-17+252→ 37,333,388 total(indirect: By Trust)
    Exercise: $0.32From: 2009-02-17→ Common Stock (78,750 underlying)
  • Purchase

    Series A Preferred Stock

    2009-02-03$100.00/sh+1,000$100,000→ 37,333,388 total(indirect: By Trust)
    Exercise: $0.32From: 2009-02-03→ Common Stock (312,500 underlying)
  • Purchase

    Convertible Promissory Note

    2009-03-20→ 37,333,388 total(indirect: By Trust)
    From: 2009-03-20→ Common Stock (842,813 underlying)
  • Purchase

    Series A Preferred Stock

    2009-02-03$100.00/sh+1,000$100,000→ 37,333,388 total(indirect: By Trust)
    Exercise: $0.32From: 2009-02-03→ Common Stock (312,500 underlying)
  • Purchase

    Convertible Promissory Note

    2009-03-20→ 37,333,388 total(indirect: By Setal 1)
    From: 2009-03-20→ Common Stock (421,250 underlying)
  • Purchase

    Common Stock

    2009-01-28$0.13/sh+40,000$5,200→ 37,333,388 total(indirect: By Park Place)
  • Purchase

    Common Stock

    2009-01-27$0.11/sh+50,000$5,700→ 37,333,388 total
WILSON ANITA
10% Owner
Transactions
  • Purchase

    Common Stock

    2009-01-27$0.11/sh+50,000$5,700→ 37,333,388 total
  • Other

    Series B Preferred Stock

    2009-02-17+252→ 37,333,388 total(indirect: By Trust)
    Exercise: $0.32From: 2009-02-17→ Common Stock (78,750 underlying)
  • Purchase

    Convertible Promissory Note

    2009-03-20→ 37,333,388 total(indirect: By Trust)
    From: 2009-03-20→ Common Stock (842,813 underlying)
  • Purchase

    Series A Preferred Stock

    2009-02-03$100.00/sh+1,000$100,000→ 37,333,388 total(indirect: By Trust)
    Exercise: $0.32From: 2009-02-03→ Common Stock (312,500 underlying)
  • Purchase

    Convertible Promissory Note

    2009-03-20→ 37,333,388 total(indirect: By Setal 1)
    From: 2009-03-20→ Common Stock (421,250 underlying)
  • Purchase

    Common Stock

    2009-01-28$0.13/sh+40,000$5,200→ 37,333,388 total(indirect: By Park Place)
  • Purchase

    Series A Preferred Stock

    2009-02-03$100.00/sh+1,000$100,000→ 37,333,388 total(indirect: By Trust)
    Exercise: $0.32From: 2009-02-03→ Common Stock (312,500 underlying)
Footnotes (10)
  • [F1]Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the second of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission.
  • [F10]N/A
  • [F2]As the general partners of Park Place Services ("Park Place") Lester and Clyde are deemed to beneficially own the securities beneficially owned by Park Place.
  • [F3]As the trustees of the Taylor Family Trust (the "Taylor Trust") Lester E. Taylor, Jr. ("Lester") and Diane M. Taylor ("Diane") are deemed to beneficially own the securities beneficially owned by the Taylor Trust.
  • [F4]As the trustees of the Wilson Family Trust (the "Wilson Trust"), Clyde Wilson ("Clyde") and Anita Wilson ("Anita") are deemed to beneficially own the securities beneficially owned by the Wilson Trust.
  • [F5]As the sole manager of Setal 1, LLC ("Setal 1"), Lester is deemed to beneficially own the securities beneficially owned by the Setal 1.
  • [F6]Based on the outstanding balance of the convertible note eligible for conversion as of March 20, 2009. Each dollar of the outstanding balance of the note is convertible into 0.01 shares of Series B Preferred Stock, and each share of Series B Preferred Stock is convertible into 312.5 shares of Common Stock. As of March 20, 2009, the Taylor Trust was entitled to convert $269,692 of the note and Setal 1 was entitled to convert $134,836 of the note.
  • [F7]Each dollar of the outstanding balance of the note is convertible into 0.01 shares of Series B Preferred Stock, and each share of Series B Preferred Stock is convertible into 312.5 shares of Common Stock.
  • [F8]Price of derivative equal to monies loaned pursuant to the convertible note.
  • [F9]The Series B Preferred Stock issued to the Taylor Trust are in connection with a $350,000 loan to the Issuer by the Taylor Trust.

Documents

1 file

Issuer

US DRY CLEANING CORP

CIK 0000920317

→
Entity typeother

Related Parties

1
  • filerCIK 0001457936

Filing Metadata

Form type
4
Filed
Oct 11, 8:00 PM ET
Accepted
Oct 12, 6:28 AM ET
Size
22.9 KB
View on SEC.gov