Amended Statement of Changes in Beneficial Ownership (4/a)
September 19 2013 - 2:16PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
McAdoo Zachary
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2. Issuer Name
and
Ticker or Trading Symbol
IO World Media, Inc
[
IWDM
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
__
X
__ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Chairman, President, CEO & CFO
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(Last)
(First)
(Middle)
C/O MCADOO CAPITAL, INC., 635 MADISON AVENUE, 15TH FLOOR
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3. Date of Earliest Transaction
(MM/DD/YYYY)
9/2/2013
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(Street)
NEW YORK, NY 10022
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
9/4/2013
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
_
X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, par value $.001 per share
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32718364
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I
(1)
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By Zanett Opportunity Fund, Ltd.
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Common Stock, par value $.001 per share
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10500000
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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10% Convertible Debenture
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$.0122
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9/2/2013
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P
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$150000
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(2)
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9/2/2014
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Common Stock $.001 par value
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(2)
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$150000
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$150000
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I
(1)
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By Zanett Opportunity Fund, Ltd.
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Explanation of Responses:
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(
1)
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These securities are held by Zanett Opportunity Fund, Ltd. (the "Fund"). McAdoo Capital, Inc. ("McAdoo Capital") is the investment manager of the Fund, and may be deemed to have an indirect interest in the securities held by the Fund. McAdoo Capital disclaims beneficial ownership of such securities except to the extent of any pecuniary interest therein. Zachary McAdoo, an officer and a director of ioWorldMedia, Incorporated, is the President of McAdoo Capital, and may be deemed to have an indirect interest in the securities held by the Fund in his capacity as an officer of McAdoo Capital. Mr. McAdoo disclaims beneficial ownership of the securities held by the Fund except to the extent of any pecuniary interest therein.
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(
2)
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The entire principal amount of the 10% Convertible Debenture, together with accrued and unpaid interest, shall be converted into shares of ioWorldMedia, Incorporated's Common Stock at a conversion price of $.0122 per share, upon the effectiveness of an amendment to ioWorldMedia, Incorporated's Articles of Incorporation to increase the number of authorized shares of Common Stock sufficient to allow for the full conversion of the 10% Convertible Debenture.
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Remarks:
This Amendment amends a Form 4 filed by Zachary McAdoo, McAdoo Capital and the Fund on September 4, 2013, which erroneously identified the Fund as the primary reporting person. This Amendment correctly identifies Mr. McAdoo as the primary reporting person.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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McAdoo Zachary
C/O MCADOO CAPITAL, INC.
635 MADISON AVENUE, 15TH FLOOR
NEW YORK, NY 10022
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X
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X
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Chairman, President, CEO & CFO
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Zanett Opportunity Fund, Ltd.
C/O APPLEBY SPURLING, CANON'S COURT
22 VICTORIA STREET, P.O. BOX HM 1179
HAMILTON, D0 HM EX
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X
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McAdoo Capital, Inc.
635 MADISON AVENUE, 15TH FLOOR
NEW YORK, NY 10022
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X
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Signatures
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/s/ Zachary McAdoo
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9/18/2013
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**
Signature of Reporting Person
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Date
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/s/ Zachary McAdoo, President, McAdoo Capital Inc., Investment Manager of Zanett Opportunity Fund, Ltd.
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9/18/2013
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**
Signature of Reporting Person
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Date
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/s/ Zachary McAdoo, President, McAdoo Capital Inc.
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9/18/2013
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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