FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Vu1 CORP [ VUOCD ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/14/2011 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 10/14/2011 | S | 18,000 | D | $0.375 | 11,723,869 | D | |||
Common Stock | 10/17/2011 | S | 72,000 | D | $0.38 | 11,651,869 | D | |||
Common Stock | 10/31/2011 | S | 3,500 | D | $0.38 | 11,648,369 | D | |||
Common Stock | 11/10/2011 | S | 19,070 | D | $0.39 | 11,629,299 | D | |||
Common Stock | 11/14/2011 | S | 15,000 | D | $0.39 | 11,614,299(1) | D | |||
Common Stock | 12/08/2011 | S | 1,050 | D | $5.25 | 579,665(2) | D | |||
Common Stock | 12/09/2011 | S | 1,220 | D | $5.2 | 578,445 | D | |||
Common Stock | 12/16/2011 | S | 1,736 | D | $4.865 | 576,709 | D | |||
Common Stock | 12/21/2011 | S | 6,550 | D | $4.38 | 570,159 | D | |||
Common Stock | 12/22/2011 | S | 2,500 | D | $4.21 | 567,659 | D | |||
Common Stock | 12/23/2011 | S | 500 | D | $4.2 | 567,159 | D | |||
Common Stock | 01/23/2012 | 01/23/2012 | S | 165,000(3) | D | (3) | 402,159(4) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. Consists of (a) 8,834,420 shares of Vu1 Corporation common stock and (b) 2,779,879 shares of Vu1 Corporation common stock that Mr. Sellers has the right to acquire pursuant to currently exercisable options and warrants. |
2. Mr. Sellers total beneficial ownership was adjusted per the 20:1 reverse split that went into effect on November 20, 2011, as discolsed in the company 8-k filing on November 16, 2011. |
3. Mr. Sellers has been informed by federal authorities that the company he received loans from sold all 165,000 shares given as collateral into the open market. This action by the loan company was in violation of the loan agreements and they did not have any other right to sell his shares. Because of this action by the loan company, Mr. Sellers no longer has beneficial ownership of these shares. The loan company is currently under criminal investigation by the federal authorities for this action. |
4. Consists of (a) 263,165 shares of Vu1 Corporation common stock and (b) 138,994 shares of Vu1 Corporation common stock that Mr. Sellers has the right to acquire pursuant to currently exercisable options and warrants. |
Remarks: |
Richard Sellers | 01/23/2012 | |
** 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 4 (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. |