- Statement of Changes in Beneficial Ownership (4)
May 19 2010 - 12:48PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Expires:
February 28, 2011
Estimated average burden
hours per response...
0.5
|
|
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(f) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Jacobi Abraham
|
2. Issuer Name
and
Ticker or Trading Symbol
New Generation Biofuels Holdings, Inc
[
NGBF
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
|
(Last)
(First)
(Middle)
4211 NORTHERN BOULEVARD
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/31/2009
|
(Street)
LONG ISLAND CITY, NY 11101
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock, par value $0.001
|
12/31/2009
|
|
J
|
|
1523
|
A
|
$0
(1)
|
14580
(2)
|
D
|
|
Common Stock, par value $0.001
|
3/31/2010
|
|
J
|
|
1521
|
A
|
$0
(1)
|
16101
(3)
|
D
|
|
Common Stock, par value $0.001
|
5/9/2010
|
|
J
|
|
659
|
A
|
$0
(1)
|
16760
(4)
|
D
|
|
Common Stock, par value $0.001
|
5/9/2010
|
|
C
|
|
62500
|
A
|
$0
(1)
|
79260
(5)
|
D
|
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. Code
(Instr. 8)
|
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
6. Date Exercisable and Expiration Date
|
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
|
8. Price of Derivative Security
(Instr. 5)
|
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
|
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
|
11. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
(A)
|
(D)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Series A Cumulative Convertible Preferred Stock
|
$4
|
5/9/2010
|
|
C
|
|
|
2500
|
5/9/2007
|
5/9/2010
|
Common Stock
|
62500
|
$0
(6)
|
0
|
D
|
|
Explanation of Responses:
|
(
1)
|
The securities acquired were issued as dividends on the 2,500 shares of the issuer's Series A Cumulative Convertible
Preferred Stock ("Preferred Stock") owned by the reporting person. Each such share accrues cumulative dividends on a
quarterly basis at a rate of 8% per annum for three years. All dividends will be paid in shares of the issuer's Common Stock
having a fair market value at the time of issuance equal to the amount of dividends to be paid. Any shares of Preferred
Stock outstanding on May 9, 2010 automatically convert into a number of shares of Common Stock determined by dividing the
liquidation preference by the conversion rate of the Preferred Stock then in effect.
|
(
2)
|
Represents the aggregate number of shares of Common Stock accrued as dividends through December 31, 2009.
|
(
3)
|
Represents the aggregate number of shares of Common Stock accrued as dividends through March 31, 2010.
|
(
4)
|
Represents the aggregate number of shares of Common Stock accrued as dividends through May 9, 2010.
|
(
5)
|
Represents (i) an aggregate of 16,760 shares of Common Stock issued as dividends on the Preferred Stock through May 9, 2010,
the date of automatic conversion, and (ii) 62,500 shares of Common Stock issued upon the automatic conversion of the
Preferred Stock on May 9, 2010. See Note 1 above.
|
(
6)
|
The Preferred Stock was automatically converted into shares of Common Stock in accordance with the terms of the Preferred
Stock.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
Jacobi Abraham
4211 NORTHERN BOULEVARD
LONG ISLAND CITY, NY 11101
|
|
X
|
|
|
Signatures
|
/s/ Abraham Jacobi
|
|
5/19/2010
|
**
Signature of Reporting Person
|
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
|
*
|
If the form is filed by more than one reporting person,
see
Instruction 4(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).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
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.
|
New Gen Biofuels (MM) (NASDAQ:NGBF)
Historical Stock Chart
From Jun 2024 to Jul 2024
New Gen Biofuels (MM) (NASDAQ:NGBF)
Historical Stock Chart
From Jul 2023 to Jul 2024