CUSIP No. |
92241M107 |
1 | NAMES OF REPORTING PERSONS Taylor Family Investments, LLC |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) o | ||||||||||
N/A | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Nevada | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 0 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 344,925 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 0 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
344,925 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
344,925 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o | ||||||||||
N/A | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
7.5%1 | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
1 | NAMES OF REPORTING PERSONS Bruce C. Taylor |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) o | ||||||||||
N/A | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
United States | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 0 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 344,925 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 0 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
344,925 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
344,925 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o | ||||||||||
N/A | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
7.5%1 | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
IN |
(1) | Taylor Investments: | ||
As of the Event Date, Taylor Investments had sole or shared beneficial ownership of 344,925 shares of the Issuers Common Stock. Of these 344,925 shares of Common Stock, Taylor Investments had (a) sole voting and sole dispositive power with respect to 0 shares of Common Stock and (b) shared voting and shared dispositive power with respect to 344,925 shares of Common Stock. Of these 344,925 shares of Common Stock, (a) 226,550 are owned directly by Taylor Investments and (b) 118,375 are owned directly by Dorado Leasing, a wholly owned subsidiary of Taylor Investments. As the parent of Dorado Leasing, Taylor Investments may be deemed to have beneficial ownership of the shares owned directly by Dorado Leasing. | |||
(2) | Mr. Taylor: | ||
As of the Event Date, Mr. Taylor had sole or shared beneficial ownership of 344,925 shares of the Issuers Common Stock. Of these 344,925 shares of Common Stock, Mr. Taylor had (a) sole voting and sole dispositive power with respect to 0 shares of Common Stock and (b) shared voting and shared dispositive power with respect to 344,925 shares of Common Stock. Of these 344,925 shares of Common Stock, (a) 226,550 are owned directly by Taylor Investments and (b) 118,375 are owned directly by Dorado Leasing. Mr. Taylor is the sole Manager of Taylor Investments and of Dorado Leasing, and as such Mr. Taylor may be deemed to have shared voting and shared dispositive power over the shares owned directly by Taylor Investments and Dorado Leasing. |
2 | In addition, the Original Filing did not reflect the sale by Taylor Investments of 100 shares of the Issuers Common Stock on October 28, 2008 at $0.80 per share. Thus, as of the filing date of the Original Filing (April 3, 2009), the Reporting Persons beneficially owned 277,125 shares of the Issuers Common Stock (not 277,225 shares), of which Taylor Investments directly owned 196,550 shares and Dorado Leasing directly owned 80,575 shares. This did not result in a change to the percentage of shares reported in the Original Filing as beneficially owned by the Reporting Persons as of the filing date. |
Party Effecting | Description of | |||||||||||||||||||
Transaction | Transaction Date | Shares Acquired | Shares Disposed | Price Per Share3 | Transaction | |||||||||||||||
Dorado Leasing |
04/07/2009 | 37,800 | 0 | $ | 0.56 | Open Market Purchase | ||||||||||||||
Taylor Investments |
05/14/2009 | 1,900 | 0 | $ | 0.90 | Open Market Purchase | ||||||||||||||
Taylor Investments |
05/15/2009 | 500 | 0 | $ | 0.90 | Open Market Purchase | ||||||||||||||
Taylor Investments |
05/18/2009 | 200 | 0 | $ | 0.90 | Open Market Purchase | ||||||||||||||
Taylor Investments |
05/19/2009 | 200 | 0 | $ | 0.90 | Open Market Purchase | ||||||||||||||
Taylor Investments |
05/20/2009 | 500 | 0 | $ | 0.90 | Open Market Purchase | ||||||||||||||
Taylor Investments |
05/21/2009 | 1,900 | 0 | $ | 0.90 | Open Market Purchase | ||||||||||||||
Taylor Investments |
05/27/2009 | 24,800 | 0 | $ | 0.90 | Open Market Purchase |
Exhibit 99.1 | Joint Filing Agreement, dated April 3, 2009 (incorporated by reference from the Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission on April 3, 2009). |
3 | Exclusive of brokerage commissions and fees. |
By:
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/s/ Bruce C. Taylor
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June 1, 2009 | ||
Name: Bruce C. Taylor | ||||
Title: Manager | ||||
BRUCE C. TAYLOR | ||||
/s/ Bruce C. Taylor | June 1, 2009 | |||
Bruce C. Taylor |