Edgar Filing: van Hedel Bart AM

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â van Hedel Bart AM

2. Date of Event Requiring Statement (Month/Day/Year)
07/26/2006

3. Issuer Name and Ticker or Trading Symbol
ST. BERNARD SOFTWARE, INC. [SBSW.OB]

(Last)

(First)

(Middle)

15015 AVENUE OF SCIENCE

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)
09/12/2006

(Street)

SAN DIEGO,,Â CAÂ 92128

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,208,694	I	See footnote ⁽¹⁾
Common Stock	975,599	I	See footnote ⁽²⁾
Common Stock	6,294	I	See footnote ⁽³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Options ⁽⁴⁾	07/27/2006	12/28/2008	Common Stock	4,196	$ 1.19	D	Â
Stock Options ⁽⁴⁾	07/27/2006	12/28/2009	Common Stock	4,196	$ 1.19	D	Â
Stock Options ⁽⁴⁾	07/27/2006	12/29/2010	Common Stock	4,196	$ 1.19	D	Â
Stock Options ⁽⁴⁾	07/27/2006	01/26/2012	Common Stock	4,196	$ 0.59	D	Â
Stock Options ⁽⁴⁾	07/27/2006	12/29/2012	Common Stock	4,196	$ 0.59	D	Â
Stock Options ⁽⁴⁾	07/27/2006	12/29/2013	Common Stock	4,196	$ 0.59	D	Â
Stock Options ⁽⁴⁾	07/27/2006	12/29/2013	Common Stock	8,392	$ 0.59	D	Â
Stock Options ⁽⁴⁾	07/27/2006	04/28/2013	Common Stock	8,392	$ 5.2	D	Â
Warrants ⁽⁵⁾	09/06/2007	12/31/2008	Common Stock	419,612	$ 2.98	I	See footnote ⁽⁶⁾
Stock Options ⁽⁷⁾	09/06/2007	09/06/2016	Common Stock	50,000	$ 3.71	D	Â
Warrants	11/25/2006	12/31/2008	Common Stock	8,767	$ 0 ⁽⁸⁾	I	See footnote ⁽⁹⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
van Hedel Bart AM 15015 AVENUE OF SCIENCE SAN DIEGO,,Â CAÂ 92128	Â X	Â X	Â	Â

Signatures

/s/ Bart A.M. van Hedel		09/14/2009
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Stichting Trustee Ai-Investments, of which Mr. van Hedel is a Co-Trustee, holds these shares for the benefit of Perennial Investments N.V., a company owned 100% by Mr. van Hedel.
(2)	These shares are held by Stichting Trustee Ai-Investments for the benefit of Ai-Investments N.V. of which Mr. van Hedel is a co-managing director.
(3)	Shares held by BeeBird Beheer B.V., a company indirectly owned 100% by Mr. van Hedel.
(4)	Stock options vested fully on July 27, 2006, the date of the merger of Sand Hill IT Security Acquisition Corporation, Sand Hill Merger Corp. and St. Bernard Software, Inc.
(5)	Warrants are fully vested upon grant date.
(6)	Warrants are held by Stichting Trustee Ai-Investments for the benefit of Ai-Investments N.V. of which Mr. van Hedel is a co-managing director.
(7)	Stock options vest over three years. One-third of the options will vest on the first year anniversary of the grant date, the remaining two-thirds shall vest monthly over the next 24 months.
(8)	Price of warrants to be determined upon stock price at close of market on 11/24/2006.
(9)	Held by BeeBird B.V., a company indirectly owned 100% by Mr. van Hedel.
Â Remarks: ThisÂ FormÂ 3Â AmendmentÂ isÂ beingÂ filedÂ SOLELYÂ toÂ consolidateÂ theÂ filingsÂ allÂ underÂ theÂ sameÂ andÂ correctÂ SECÂ CIK.

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