Filing Details

Accession Number:
0001144204-12-003895
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-01-25 15:54:14
Reporting Period:
2011-06-02
Filing Date:
2012-01-25
Accepted Time:
2012-01-25 15:54:14
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1190370 Innovative Designs Inc IVDN Miscellaneous Fabricated Textile Products (2390) 030465528
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1270232 Joseph Riccelli 223 North Main
Suite 1
Pittsburgh PA 15215
Ceo/Cfo Yes Yes Yes No
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 Disposition 2011-06-02 10,000 $0.15 9,099,000 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 561,000 Indirect See Footnote
Common Stock 240,000 Indirect See Footnote
Footnotes
  1. The Reporting Person transferred these shares in consideration for services performed or to be performed for the Company. The price reflects the closing bid price of the Company's common stock on June 2, 2011.
  2. Reporting Person is the trustee for two trusts for the benefit of his sons totaling 561,000 shares and 240,000 shares each.