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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SHOGEN KUSLIMA 295 CEDAR GROVE LN SOMERSET, NJ 08873 |
X | CEO |
/s/ Shogen Kuslima | 10/13/2005 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | The 150,000 shares were pledged in 1997 by Ms. Shogen to secure a loan and the lender is now claiming that such shares were transferred by Ms. Shogen to the lender in February 2003. Ms. Shogen denies that such transfer took place and has filed a lawsuit against the lender to resolve this dispute. However, since the lender is alleging that the shares were transferred, Ms. Shogen is filing this Form 4 to reflect the alleged transfer. Ms. Shogen is vigorously maintaining the position that this does not reflect the transfer of shares. If Ms. Shogen is successful in her lawsuit she will file an amendment to this Form 4. |
(2) | Such number does not include the 150,000 shares; the nature of which has been described in Note (1) above. Accordingly, Ms. Shogen believes that she maintains beneficial ownership of those shares described in Note 1. |