Filing Details
- Accession Number:
- 0001214659-17-002025
- Form Type:
- 13D Filing
- Publication Date:
- 2017-03-16 16:57:45
- Filed By:
- Pelullo Peter S
- Company:
- Rego Payment Architectures Inc. (OTCBB:RPMT)
- Filing Date:
- 2017-03-16
- SEC Url:
- 13D Filing
Ownership Summary
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 |
|---|---|---|---|---|---|---|
| Peter S. Pelullo | 16,193,983 | 0 | 16,193,983 | 0 | 16,193,983 | 13.72% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
Second Amendment
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
| VIRTUAL PIGGY, INC. |
| (Name of Issuer) |
| COMMON STOCK, PAR VALUE $0.0001 |
| (Title of Class of Securities) |
| 92828V108 |
| (CUSIP Number) |
| Peter S. Pelullo |
| 2501 S. Wharton St |
| Building J Philadelphia, PA 19146 |
| (610) 825-8805 |
| (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
| January 5, 2017 |
| (Date of Event which Requires Filing Statement on Schedule 13D) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. o
SCHEDULE 13D
| CUSIP No. 92828V108 |
| 1. | NAMES OF REPORTING PERSONS Peter S. Pelullo | ||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)o (b)o | ||
| 3. | SEC USE ONLY | ||
| 4. | SOURCE OF FUNDS PF | ||
| 5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) o | ||
| 6. | CITIZENSHIP OR PLACE OF ORGANIZATION Pennsylvania, USA | ||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. | SOLE VOTING POWER 16,193,983 | |
| 8. | SHARED VOTING POWER 0 | ||
| 9. | SOLE DISPOSITIVE POWER 16,193,983 | ||
| 10. | SHARED DISPOSITIVE POWER 0 | ||
| 11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,193,983 | ||
| 12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o | ||
| 13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.72% | ||
| 14. | TYPE OF REPORTING PERSON IN | ||
EXPLANATORY NOTE
The purpose of this Amended Schedule 13D filing is to disclose revised ownership of Virtual Piggy, Inc. (the “Company”) Common Stock par value $0.0001 (the “Stock”). On or about January 5, 2017, the Reporting Person delivered 50,000 to a third party in satisfaction of a payment obligation. On March 1, 2017, the Reporting Person made a gift of 125,000 shares of Stock to a third party.
This Schedule 13D is being filed by the Reporting Person to disclose its ownership of approximately 14% of the Company’s outstanding Stock.
Item 1. Security and Issuer.
The name of the issuer is Virtual Piggy, Inc., a Delaware corporation which has its principal offices at 265 Sunrise Blvd., Palm Beach, FL 33480. This statement relates to the Company’s Common Stock par value $0.0001.
Item 2. Identity and Background.
(a)-(f). This Schedule 13D is being filed by Peter S. Pelullo, who has his principal address at 2501 S. Wharton St Building J, Philadelphia, PA 19146 (the “Reporting Person”).
During the last five years, the Reporting Person has not been (A) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (B) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and 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.
Item 3. Source and Amount of Funds or Other Consideration.
The Reporting Person used his personal funds to purchase the Stock of the Company.
Item 4. Purpose of Transaction.
The Reporting Person acquired the Company’s Stock from the Company for personal investment purposes pursuant to Subscription Agreements and other agreements and paid the consideration for the Stock in cash. On or about January 5, 2017, the Reporting Person delivered 50,000 to a third party in satisfaction of a payment obligation. On March 1, 2017, the Reporting Person made a gift of 125,000 shares of Stock to a third party.
Said amount includes all shares issuable to the Reporting Person on account of Warrants held by the Reporting Person exercisable within sixty (60) days of the date of this report. Other than as described therein, the Reporting Person does not own any other securities of the Company.
| (b) | The Reporting Person has the sole power to vote and dispose of the 16,193,983 shares of Company Stock. |
| (c) | Except for the transactions described in the Explanatory Note above, the Reporting Person did not effect any transactions in the issuer’s securities within the past 60 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, the Reporting Person’s securities. |
| (e) | Not applicable. |
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: March 14, 2017
| By: | /s/ Peter S. Pelullo | |||
| Name: Peter S. Pelullo |