FORM 5 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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). | |||||||||||||||||
Form 3 Holdings Reported. | |||||||||||||||||
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Form 4 Transactions Reported. |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
POWERVERDE, INC. [ PWVI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Statement for Issuer's Fiscal Year Ended
(Month/Day/Year) 12/31/2009 | ||||||||||||||||||||||||||
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 at end of Issuer's Fiscal Year (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||||||
Amount | (A) or (D) | Price | |||||||||||||
COMMON STOCK | 3,615,990 | D | |||||||||||||
COMMON STOCK | 08/15/2008 | 08/15/2008 | G4 | 750,000 | D | $0.00 | 2,865,990 | I | BY: FRED AND CINDY BARKER JT TEN | ||||||
COMMON STOCK | 03/31/2009 | 03/31/2009 | J(1) | 200,000 | D | $0.00 | 2,665,990 | I | BY: FRED AND CINDY BARKER JT TEN | ||||||
COMMON STOCK | 03/31/2009 | 03/31/2009 | G | 50,000 | D | $0.00 | 2,615,990 | I | BY: FRED AND CINDY BARKER JT TEN | ||||||
COMMON STOCK | 11/09/2009 | 11/09/2009 | J(2) | 600,000 | D | $0.00 | 2,015,990 | I(2) | BY: FRED AND CINDY BARKER JT TEN | ||||||
COMMON STOCK | 11/09/2009 | 11/09/2009 | J(2) | 600,000 | A | $0.00 | 600,000 | I | BY: POWERVERDE HOLDINGS LLC(3) | ||||||
COMMON STOCK | 11/09/2009 | 11/09/2009 | J(4) | 2,015,990 | D | $0.00 | 0 | I | BY: FRED AND CINDY BARKER JT TEN | ||||||
COMMON STOCK | 11/09/2009 | 11/09/2009 | J(5) | 2,015,990 | A | $0.00 | 2,015,990 | I | BY: POWERVERDE CONSULTING LLC(5) |
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) | |||
(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. These shares were transferred by Mr. Barker as part of a pledge to a lender and such shares were issued in the name of the pledgee. |
2. Fred and Cindy Barker JT TEN transferred these 600,000 shares of common stock of the Issuer to PowerVerde Holdings LLC, a limited liability company of which Fred and Cindy Barker JT TEN are the sole members and have complete control of such shares. |
3. Fred and Cindy Barker JT TEN are the sole members of PowerVerde Holdings LLC and have complete control of such shares. |
4. Fred and Cindy Barker JT TEN transferred these 2,015,990 shares of common stock of the Issuer to PowerVerde Consulting LLC, a limited liability company of which Fred and Cindy Barker JT TEN are the sole members and have complete control of such shares. |
5. Fred and Cindy Barker JT TEN are the sole members of PowerVerde Consulting LLC and have complete control of such shares. |
FRED BARKER | 02/16/2009 | |
** 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. |