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Filing Details

Accession Number:: 0001078782-13-000498
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-03-19 18:13:49
Reporting Period:: 2012-04-12

Filing Date:: 2013-03-19
Accepted Time:: 2013-03-19 17:13:49
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1419577	Blackbox Semiconductor Inc.	VTDI	Retail-Auto Dealers & Gasoline Stations (5500)	743197968

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1358114	Ii B James Panther	381 Casa Linda Plaza #408 Dallas TX 75218		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-04-12	75,000,000	$115,000.00	6,708,060	No	4	S	Indirect	See footnote 1, 2 and 3

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnote 1, 2 and 3

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	5% Secured Note	Disposition	2012-04-12	0	$5,000.00	6,784,444	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2010-04-01	2011-03-31	No	4	S	Indirect

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Warrants (holding)	$0.08	2010-04-01	2014-03-12	707,340	707,340	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2014-03-12	707,340	707,340	Indirect

Footnotes

Until April 5, 2012, Mr. Mark L. Baum, Esq. and Mr. James Panther were indirect equal control persons of all Common Stock and promissory notes previously owned by Noctua Fund Manager, LLC ("NFM") and Noctua Fund, LP ("Noctua Fund") and each disclaimed beneficial ownership of the 50% of above enumerated shares and convertible notes owned by the other (as reported on Form 5 of Reporting Person for period ended December 31, 2011). Together, as previously reported by Reporting Person, such parties owned jointly 81,708,060 shares of Common Stock, $3,053 principal amount of 5% Secured Notes, and 707,340 warrants.
On April 5, 2012, Mr. Baum sold any and all of his beneficial interest in the securities to Devkom International, LLC Investment Series V ("Devkom"), resulting in a change of beneficial ownership on such securities such that all 100% became indirectly held by Mr. Panther, as Devkom's control person. Similarly, Reporting Person disclaims beneficial ownership of any shares held by Shrink, a separate publicly traded corporation with which Reporting Persons may have been affiliated at the times covered by this Report.
Indicates transfer by Devkom of 75,000,000 shares of common stock sold to Rum Punch partners, an unaffiliated third party entity controlled by MB Management, the control person of which is Manuel Suqilindo, consideration of $115,000. As part of the sale, the Reporting Person also sold all 5,000,000 shares of non-convertible Series A Preferred Stock to such assignee.
Indicates transfer by Devkom of $3,053 and any other interest or principal on the 5% Secured Note, to an unaffiliated third party entity for consideration of $5,000. At the time of said transfer the Reporting Person was technically no longer a beneficial owner of 5% of the securities of the Company.
This Form 4 constitutes an exit form for Reporting Person. As at April 12, 2012, after the transfer of 75,000,000 shares of common stock and 5,000,000 shares of non-convertible Series A Preferred Stock (not reported) by Devkom, an entity controlled by Reporting Person, said Reporting Persons beneficially owns directly and indirectly, in aggregate, less than 5% of the outstanding Common Stock of the Company (inclusive of shares exercisable for or convertible into Common Stock within 60 days), based on shares of the Company outstanding at the time of the Report.