Filing Details
- Accession Number:
- 0001014897-19-000160
- Form Type:
- 13D Filing
- Publication Date:
- 2019-10-07 17:04:09
- Filed By:
- David Hill Ii
- Company:
- Brightlane Corp. (OTCMKTS:BTLN)
- Filing Date:
- 2019-10-07
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| David Louis Hill, II | 6,934,258 | 6,934,258 | 17.47% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Brightlane Corp.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
109227 108
(CUSIP Number)
J.M. Walker & Associates
7841 South Garfield Way
Centennial, CO 80122
(303) 850-7637
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
December 10, 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 that is the subject of this Schedule 13 D, and is filing this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ]
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See section 240.13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment continuing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
CUSIP No. 109227 108
1. Names of Reporting Persons.
David Louis Hill, II
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2. Check the Appropriate Box if a member of a Group
(a)
(b)X
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3. SEC USE ONLY
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4. Source of Funds
PF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
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6. Citizenship or Place of Organization
United States
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Number of | 7. Sole Voting Power 6,934,258
Shares | 8. Shared Voting Power
Beneficially | 9. Sole Dispositive Power
Owned by Each | 10. Shared Dispositive Power
Reporting |
Person With |
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
6,934,258
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
17.47%
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14. Type of Reporting Person
IN
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CUSIP No. 109227 108
ITEM 1. SECURITY AND ISSUER.
This Schedule 13D relates to the common stock, par value $0.001 of Brightlane Corp., a Nevada corporation. The principal office of the Issuer is located at 1600 West Loop South, Suite 600, Houston, TX 77056.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is filed pursuant to Rule 13d-1 under the Securities Exchange Act of 1934, as amended, by David Louis Hill, II. Mr. Hill is a natural person, and his principal occupation is VP of Business and Legal Operations for Brightlane Corp. He has a business address of 4140 Roswell Rd. NE, Atlanta, GA 30342.
Mr. Hill has not, during the past five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction where as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws.
Mr. Hill is a citizen of USA.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On December 21, 2015, Mr. Hill was issued 4,800,640 common shares of the company pursuant to a share exchange agreement in which Brightlane Homes, Inc. was purchased by Brightlane Corp. Mr. Hill did not exchange any money for these shares pursuant to the share exchange agreement.
On December 10, 2015, Mr. Hill was given trusteeship over the James Odell Barnes, Jr. Irrevocable Trust. As a result, he has sole voting power over the 2,133,618 Brightlane Corp. common shares held by the Trust.
ITEM 4. PURPOSE OF TRANSACTION.
(a) Mr. Hill is holding the shares of the Issuer for investment purposes but may transfer or sell the shares as necessary.
Mr. Hill has no other present intent to take any action that would result in:
(b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any subsidiary thereof;
(c) a sale or transfer of a material amount of assets of the Issuer or any subsidiary thereof;
(d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;
(e) any material change in the present capitalization or dividend policy of the Issuer;
(f) any other material change in the Issuer’s business or corporate structure;
(g) changes in the Issuer’s charter, bylaws, or instruments corresponding thereto, or other actions which may impede the acquisition of control of the Issuer by any person;
(h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted on NASDAQ;
(i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) any action similar to any of those enumerated above.
Notwithstanding the foregoing, Mr. Hill will continue to review his investment in the Issuer and reserves the right to change his intentions with respect to any or all of such matters.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Mr. Hill beneficially owns 6,934,258 shares of the Issuer’s common stock, representing 17.47% of the class.
(b) Mr. Hill has the sole power to vote and dispose of 6,934,258 shares of the Issuer’s common stock held by him and entrusted to him by the James Odell Barnes, Jr. Irrevocable Trust.
(c) No other transactions were effected in the Issuer’s common stock during the last sixty days.
(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, shares beneficially owned by Mr. Hill.
(e) Mr. Hill is now the beneficial owner of more than five percent of the outstanding common stock of the Issuer.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not Applicable
SIGNATURES
After reasonable inquiry and the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: October 7, 2019
/s/ David Louis Hill, II
David Louis Hill, II