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*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 11/07/2013 |
3. Issuer Name and Ticker or Trading Symbol
Xtreme Oil & Gas, Inc. [ XTOG ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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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, par value $0.001 per share | 55,000,000(1)(2) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. Based upon the Issuer's quarterly report on Form 10-Q for the quarterly period ended September 30, 2013, there were 60,597,218 shares of the common stock outstanding as of September 30, 2013. Based on the foregoing, the 55,000,000 shares of the common stock (the "Subject Shares") beneficially owned by the Reporting Person represent approximately 90.7% of the shares of the common stock issued and outstanding. Southport Equity II, LLC, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. As the 100% owner of Southport Equity II, LLC, Southport Lane, LP may be deemed to have the shared power to vote or to direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. As the general partner of Southport Lane, LP, Southport Lane Management, LLC may be deemed to have the shared power to vote or to |
2. (continued from footnote 1) direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. Alexander C. Burns indirectly holds the majority voting power in Southport Lane Management, LLC, and may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares; therefore, Alexander C. Burns may be deemed solely through this voting interest to be the beneficial owner of the Subject Shares. The address of the principal business and principal office of Alexander C. Burns, Southport Equity II, LLC, Southport Lane, LP and Southport Lane Management, LLC is 350 Madison Avenue, 21st Floor, New York, NY 10017. |
Remarks: |
/s/ Alexander C. Burns | 11/18/2013 | |
** 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. | ||
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 Number. |