Filing Details
- Accession Number:
- 0001140361-11-037527
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-07-20 16:28:51
- Reporting Period:
- 2011-07-12
- Filing Date:
- 2011-07-20
- Accepted Time:
- 2011-07-20 16:28:51
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1082278 | Environmental Solutions Worldwide Inc | ESWW | Motor Vehicle Parts & Accessories (3714) | 134172059 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
904290 | S Richard Ressler | C/O Cim Group 6922 Hollywood Boulevard Los Angeles CA 90028 | No | No | No | Yes |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2011-07-12 | 701,040 | $0.12 | 1,789,135 | No | 4 | C | Direct | |
Common Stock | Acquisiton | 2011-07-12 | 345,032 | $0.12 | 2,134,167 | No | 4 | P | Direct | |
Common Stock | Acquisiton | 2011-07-12 | 5,484,196 | $0.12 | 8,238,039 | No | 4 | C | Direct | |
Common Stock | Acquisiton | 2011-07-12 | 2,699,181 | $0.12 | 10,937,219 | No | 4 | P | Direct | |
Common Stock | Acquisiton | 2011-07-12 | 6,333,333 | $0.00 | 17,270,553 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | C | Direct | |
No | 4 | P | Direct | |
No | 4 | C | Direct | |
No | 4 | P | Direct | |
No | 4 | P | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | 10% Unsecured Subordinated Promissory Note | Disposition | 2011-07-12 | 701,040 | $0.00 | 701,040 | $0.12 |
Common Stock | 10% Unsecured Subordinated Promissory Note | Disposition | 2011-07-12 | 5,484,196 | $0.00 | 5,484,196 | $0.12 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | 2011-07-15 | 2011-07-15 | No | 4 | C | Direct |
0 | 2011-07-15 | 2011-07-15 | No | 4 | C | Direct |
Footnotes
- The securities reported herein were acquired by the Reporting Persons on July 12, 2011, but are deemed effective as of June 30, 2011.
- These securities are directly beneficially owned by Richard Ressler.
- These securities are directly beneficially owned by Orchard Investments, LLC ("Orchard"). Richard Ressler is the President of the Manager of Orchard, Orchard Capital Corporation.
- Pursuant to certain rights granted to Orchard in connection with a securities subscription agreement entered into between the Company and Orchard on or about March 23, 2010, Orchard was entitled to receive an additional 6,333,333 shares of Common Stock in the event a Qualified Offering (as defined therein) closes.
- Each 10% Unsecured Subordinated Promissory Note (each, a "Note") was (a) subject to an interest rate of 10% per annum, payable in-kind on a monthly basis and (b) was exchanged for shares of common stock of the Company, par value $0.001 per share ("Common Stock") in connection with the Company's previously announced rights offering, which closed on June 30, 2011, and the transactions contemplated by the Investment Agreement as set forth on the Company's Form 8-K filed on May 10, 2011. Accrued and unpaid interest on the Notes was also convertible into shares of Common Stock, par value $.001 per share, at the same conversion price and upon the same terms as the principal amount of the Notes and is included in the amount of Notes disposed of.