Statement of Changes in Beneficial Ownership (4)
February 19 2014 - 12:40PM
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).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
ramjeet wesley
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2. Issuer Name
and
Ticker or Trading Symbol
Profit Planners Management, Inc.
[
PPMT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
__
X
__ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
CEO, President
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(Last)
(First)
(Middle)
350 MADISON AVENUE, 8TH FLOOR
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3. Date of Earliest Transaction
(MM/DD/YYYY)
2/21/2013
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(Street)
NEW YORK, NY 10017
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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2/21/2013
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P
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1000
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A
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$0.21
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34432000
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D
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Common Stock
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6/15/2013
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S
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4000000
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D
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$0.001
(1)
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30432000
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D
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Common Stock
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7/25/2013
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P
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5000
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A
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$0.05
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30437000
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D
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Common Stock
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8/27/2013
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P
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10000
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A
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$0.09
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30447000
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D
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Common Stock
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11/5/2013
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P
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5000
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A
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$0.14
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30452000
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D
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Common Stock
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12/6/2013
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P
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3000
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A
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$0.1
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30455000
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D
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Common Stock
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12/11/2013
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P
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2000
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A
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$0.13
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30457000
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D
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Common Stock
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12/11/2013
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P
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2000
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A
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$0.1
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30459000
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D
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Common Stock
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12/18/2013
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P
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2500
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A
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$0.12
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30461500
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D
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Common Stock
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12/23/2013
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P
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2500
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A
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$0.1
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30464000
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D
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Common Stock
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12/23/2013
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P
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1000
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A
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$0.11
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30465000
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D
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Common Stock
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12/26/2013
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P
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2500
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A
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$0.1
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30467500
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D
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Common Stock
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12/27/2013
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P
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2500
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A
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$0.09
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30470000
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D
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Common Stock
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12/27/2013
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P
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2500
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A
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$0.09
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30472500
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D
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Common Stock
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12/28/2013
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G
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400000
(2)
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D
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$0.09
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30072500
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D
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Common Stock
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12/31/2013
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P
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2500
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A
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$0.09
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30075000
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D
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Common Stock
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1/2/2014
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P
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2500
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A
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$0.09
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30077500
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D
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Common Stock
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1/2/2014
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P
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2500
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A
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$0.09
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30080000
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D
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Common Stock
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1/3/2014
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P
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2500
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A
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$0.09
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30082500
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D
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Common Stock
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1/14/2014
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P
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2500
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A
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$0.1
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30085000
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D
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Common Stock
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1/21/2014
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P
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2500
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A
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$0.06
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30087500
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D
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Common Stock
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1/22/2014
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P
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2500
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A
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$0.1
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30090000
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D
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Common Stock
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1/24/2014
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P
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2500
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A
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$0.07
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30092500
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D
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Common Stock
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1/28/2014
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P
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3000
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A
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$0.07
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30095500
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D
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Common Stock
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1/31/2014
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P
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2000
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A
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$0.07
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30097500
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D
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Common Stock
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2/3/2014
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P
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3000
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A
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$0.05
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30100500
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Explanation of Responses:
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(
1)
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In June 2013, the Reporting Person sold 4,000,000 shares of the common stock of the Issuer owned by him to an accredited individual investor in a private sale transaction. The shares sold in this transaction were restricted shares and the share certificate delivered to the purchaser retained the transfer restriction legend.
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(
2)
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On December 28, 2013, the Reporting Person completed a charitable contribution of 400,000 shares of the Issuer's common stock to L.E.A.R.N.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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ramjeet wesley
350 MADISON AVENUE, 8TH FLOOR
NEW YORK, NY 10017
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X
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X
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CEO, President
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Signatures
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Wesley Ramjeet
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2/19/2014
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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