Amended Statement of Beneficial Ownership (sc 13d/a)
December 07 2015 - 6:02AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 8)
Under the Securities Exchange Act of 1934
ITEX CORPORATION
(Name of Issuer)
Common Stock, $.01 par value per share
(Title of Class of Securities)
465647 303
(CUSIP Number)
Steven White
3326 160th Ave. SE,
Ste. 100
Bellevue, Washington
98008 |
(425) 463-4000 |
(Name, Address and Telephone Number of Person
Authorized to Receive
Notices and Communications) |
December 3, 2015
(Date of Event Which
Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3)
or (4), check the following box ¨
(Continued on the following pages)
CUSIP No. 465647 303 |
13D |
Page 2 of 4 Pages |
1 |
Name of Reporting Person
Steven White
|
2 |
Check the Appropriate Box if a Member of a Group*
(a) ¨
(b) ¨
|
3 |
SEC Use Only
|
4 |
Source Of Funds*
PF, SC
|
5 |
Check Box if Disclosure of Legal Proceedings is Required Pursuant
to Items (2)(d) or 2(e)
¨
|
6 |
Citizenship Or Place Of Organization
United States citizen
|
Number of
Shares |
7 |
Sole Voting Power
590,487
|
Beneficially
Owned by |
8 |
Shared Voting Power
- 0 -
|
Each
Reporting |
9 |
Sole Dispositive Power
590,487
|
Person With |
10 |
Shared Dispositive Power
- 0 -
|
11 |
Aggregate Amount Beneficially Owned by Each Reporting Person
590,487
|
12 |
Check Box if the Aggregate Amount in Row (11) Excludes Certain
Shares* ¨
|
13 |
Percent of Class Represented by Amount in Row (11)
28.3%
|
14 |
Type Of Reporting Person*
IN
|
Item 1. Security and Issuer.
This Amendment No. 8 (this “Amendment”)
amends and supplements the Schedule 13D filed on August 2, 2004 (the “Original Filing”), as amended by Amendment No.
1 filed on July 10, 2006 (“Amendment No. 1”), Amendment No. 2 filed on October 27, 2006 (“Amendment No. 2”),
Amendment No. 3 filed on October 13, 2009 (“Amendment No. 3”), Amendment No. 4 filed on April 8, 2011 (“Amendment
No. 4”), Amendment No. 5 filed on September 15, 2014 (“Amendment No. 5”), Amendment No. 6 filed on March 16,
2015 (“Amendment No. 6”), and Amendment No. 7 filed on April 24, 2015 (“Amendment No. 7”), (the Original
13D as amended and supplemented by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment
No. 6, Amendment No. 7 and this Amendment No. 8, the “Schedule 13D”), by Steven White (the “Filing Person”)
relates to the common stock, par value $.01 per share (the “Shares”), of ITEX Corporation, a Nevada corporation (“ITEX”
or the “Issuer”). Information reported in the Schedule 13D remains in effect except to the extent that it is amended,
supplemented, restated or superseded by information contained in this Amendment. Each capitalized term used herein but not defined
in this Amendment shall have the meaning assigned to such term in the Schedule 13D. The address of ITEX’s principal executive
office is 3326 – 160th Ave SE, Suite 100, Bellevue, Washington 98008.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D
is hereby amended and supplemented as follows:
The Shares acquired by the Filing Person
reported in Item 5(c) below were awarded as compensation for services rendered ITEX as Chief Executive Officer.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D
is hereby amended and restated as follows:
(a) As of the date of this Amendment, the
Filing Person beneficially owned in the aggregate 590,487 Shares, constituting 28.3% of the outstanding Shares. The percentage
of Shares owned is based upon 2,084,869 Shares outstanding as of October 31, 2015, as provided by the Issuer.
(b) The number of Shares as to which there
is sole power to vote or direct the vote, shared power to vote or direct the vote, sole power to dispose or direct the disposition,
or shared power to dispose or direct the disposition for the Filing Person is set forth on the cover pages in items 7 through 10.
The information in such items is incorporated herein by reference.
(c) The following transaction was effected
in the past 60 days:
Name |
|
Date |
|
Number of
Shares (#) |
|
Price |
|
Transaction Type |
Steven White |
|
12/03/15 |
|
25,000 |
|
0.00 |
|
Award pursuant to Rule 16b-3(d) |
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer.
Item 6 of the Schedule
13D is hereby amended and supplemented as follows:
The acquired Shares reported in Item 5(c)
above were awarded under the ITEX Corporation 2014 Equity Incentive Plan.
SIGNATURES
After reasonable inquiry and to the best
of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: December 4, 2015
/s/ Steven White
| Attention: | Intentional misstatements or omissions of fact constitute
federal criminal violations (see 18 U.S.C. 1001) |
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