Statement of Changes in Beneficial Ownership (4)
February 28 2013 - 6:32PM
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
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Dietrich Henry M
|
2. Issuer Name
and
Ticker or Trading Symbol
JBI, INC.
[
JBII
]
|
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)
55 E. 52ND STREET, 34TH FLOOR
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/21/2013
|
(Street)
NEW YORK, NY 10055
(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
|
2/21/2013
|
|
S
|
|
92915
|
D
|
$0.8116
|
94585
|
D
|
|
Common Stock
|
2/25/2013
|
|
S
|
|
64100
|
D
|
$0.8995
|
30485
|
D
|
|
Common Stock
|
2/26/2013
|
|
S
|
|
30485
|
D
|
$1.0117
|
0
|
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
|
Explanation of Responses:
|
Remarks:
As previously reported, in May 2012, JBI, Inc. (the "Issuer") entered into Subscription Agreements (the "Purchase Agreements") with several accredited investors (collectively, the "Purchasers"), including the Reporting Person in connection with a private placement of shares (the "Shares") of common stock. As a condition to the closing of the Purchase Agreements, the Purchasers required John W. Bordynuik to enter into a letter agreement, ("Letter Agreement"), pursuant to which Mr. Bordynuik made certain agreements regarding the voting of his shares of Common Stock and his one million shares of the Issuer's Series A preferred stock.. As a result of agreements related to the private placement, including the Letter Agreement, the Reporting Person may be deemed to have been part of a "group" within the meaning of Section 13(d)(3) of the Exchange Act and may be deemed to have beneficially owned in excess of 10% of the outstanding shares of common stock of the Issuer, although neither the fact of the filing of a Form 3 nor any information contained herein or therein shall be deemed to be an admission by the Reporting Person that a "group" exists or existed. The foregoing summary of the private placement and the Letter Agreement is qualified in its entirety by reference to the Issuer's Current Reports on Form 8-K filed on May 17, 2012 and May 22, 2012, and the Schedule 13D filed by the Reporting Persons regarding ownership of the Shares.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
Dietrich Henry M
55 E. 52ND STREET
34TH FLOOR
NEW YORK, NY 10055
|
|
X
|
|
|
Signatures
|
/s/ Henry M. Dietrich
|
|
2/28/2013
|
**
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.
|
Plastic2Oil (PK) (USOTC:PTOI)
Historical Stock Chart
From May 2024 to Jun 2024
Plastic2Oil (PK) (USOTC:PTOI)
Historical Stock Chart
From Jun 2023 to Jun 2024