Filing Details

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

Plastic2Oil, Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

72759R102

(CUSIP Number)

 

November 19, 2014

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

	[  ]	Rule 13d-1(b)
	[X]	Rule 13d-1(c)
	[  ]	Rule 13d-1(d)

 

* 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 containing information which would alter the disclosures provided in a prior cover page.

 

The information required in 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 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP NO.

72759R102

 

		NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
1
		Richard W. Heddle
		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2		(a) [  ]
		(b) [  ]
3		SEC USE ONLY
4		CITIZENSHIP OR PLACE OF ORGANIZATION
		United States

		SOLE VOTING POWER
	5
		7,000,000 1
NUMBER OF
SHARES		SHARED VOTING POWER
BENEFICIALLY	6
OWNED BY		0
EACH
REPORTING		SOLE DISPOSITIVE POWER
PERSON:	7
WITH		7,000,000 (1)
		SHARED DISPOSITIVE POWER
	8
		0

9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
		7,000,000
10		CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
		[  ]
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
		5.1% 2
		TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
		IN

 

 

¹ Includes one million shares of Issuer’s common stock issuable upon exercise of a warrant held by Heddle Marine Inc., a company controlled by a Reporting Person.

 

²The percentage is based upon 124,756,158 shares of the Issuer’s common stock outstanding as of April 2, 2018, as reported by the Issuer in its Annual Report on Form 10-K filed on April 2, 2018.

 

 

Item 1.

 

	(a)	Name of Issuer
		Plastic2Oil, Inc.

 

	(b)	Address of Issuer’s Principal Executive Offices
		20 Iroquois Street Niagara Falls, New York 14303

 

Item 2.

 

	(a)	Name of Person Filing
		Richard W. Heddle

 

	(b)	Address of Principal Business Office or, if none, Residence
		20 Iroquois Street Niagara Falls, New York 14303

 

	(c)	Citizenship
		United States

 

	(d)	Title of Class of Securities
		Common Stock

 

	(e)	CUSIP Number
		72759R102

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

[  ]

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b)

[  ]

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

(c)

[  ]

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d)

[  ]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

 

(e)

[  ]

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

[  ]

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

 

(g)

[  ]

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

 

(h)

[  ]

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

[  ]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

[  ]

A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J).

 

(k)

[  ]

Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

 

Item 4.

Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned: 7,000,000

 

(b)

Percent of class: 5.1%

 

(c)

Number of shares as to which the person has:

 

(i)

Sole power to vote or to direct the vote: 7,000,000 3

 

(ii)

Shared power to vote or to direct the vote: 0

 

	(iii)	Sole power to dispose or to direct the disposition of: 7,000,000 (3)
	(iv)	Shared power to dispose or to direct the disposition of: 0

 

Item 5.

Ownership of Five Percent or Less of a Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

 

 

³ Includes one million shares of Issuer’s common stock issuable upon exercise of a warrant held by Heddle Marine Inc., a company controlled by the Reporting Person.

 

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

 

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

 

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group

 

Not applicable.

 

Item 9.

Notice of Dissolution of Group

 

Not applicable.

 

Item 10.

Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

SIGNATURE

 

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.

 

Date:	May 29, 2018		/s/ Richard W. Heddle
		Name:	Richard W. Heddle

 

Footnotes:
Attention:	Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)