SEC FORM 3

SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

BELLEN ELLIOT

(Last)

(First)

(Middle)

11985 SOUTHERN BOULEVARD

SUITE 191

(Street)

ROYAL PALM BEACH

33411

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/20/2008

3. Issuer Name and Ticker or Trading Symbol
NEW BASTION DEVELOPMENT, INC. [ NWBA ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO/PFO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 $.10 Par Value	7,505,000⁽¹⁾⁽²⁾	D
Common Stock $.10 Par Value	4,000,000⁽¹⁾⁽³⁾	I	By Corporation

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: 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	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option (right to buy)⁽¹⁾	⁽⁴⁾	⁽⁴⁾	Common Stock	2,000,000	⁽⁴⁾	D

Explanation of Responses:

1. Other than disclosed in this Form 3, the reporting person has had no other transactions in the registrant's securities. On December 29, 2008, in connection with a share exchange transaction, the registrant canceled 15,750,000 shares of the registrant's common stock previously issued on February 20, 2008 to registrant's historical issuer in the share exchange transaction (the historical issuer was controlled by the reporting person).

2. 2,000,000 shares were acquired on October 21, 2008; 1,505,000 shares were acquired on March 3, 2009 and 4,000,000 shares were authorized for issuance to the reporting person on February 24, 2012.

3. 4,000,000 shares were issued on October 26, 2011 to a third party of which the reporting person has voting and disposition control over until such time that the shares vest to the third party.

4. On May 16, 2011, the reporting person received an option to purchase up to 2,000,000 shares of common stock options that cliff vest 500,000 per year over four years with first vesting date on January 1, 2012. The options each have a term of one year from the vesting date and have exercise prices of $0.50, $1.00, $1.50 and $2.00 for each 500,000 that vest, respectively.

	Elliot Bellen	05/23/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: 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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