0001144204-11-026368.txt : 20110505 0001144204-11-026368.hdr.sgml : 20110505 20110505122825 ACCESSION NUMBER: 0001144204-11-026368 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20110505 DATE AS OF CHANGE: 20110505 GROUP MEMBERS: SANDRINE CRISAFULLI SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SES SOLAR INC. CENTRAL INDEX KEY: 0001078858 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433] IRS NUMBER: 330860242 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79050 FILM NUMBER: 11813495 BUSINESS ADDRESS: STREET 1: 129 ROUTE DE SAINT-JULIEN STREET 2: PLAN-LES-OUATES CITY: GENEVA STATE: V8 ZIP: 000000 BUSINESS PHONE: 41-22-884-1484 MAIL ADDRESS: STREET 1: 129 ROUTE DE SAINT-JULIEN STREET 2: PLAN-LES-OUATES CITY: GENEVA STATE: V8 ZIP: 000000 FORMER COMPANY: FORMER CONFORMED NAME: SOLAR ENERGY SOURCES INC. DATE OF NAME CHANGE: 20060620 FORMER COMPANY: FORMER CONFORMED NAME: ELECTRIC NETWORK COM INC DATE OF NAME CHANGE: 19990209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Flannel Management Sarl CENTRAL INDEX KEY: 0001518479 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: RUE DE LA FONTAINE 2 CITY: GENEVA STATE: V8 ZIP: 1204 BUSINESS PHONE: 41 22 884 1484 MAIL ADDRESS: STREET 1: RUE DE LA FONTAINE 2 CITY: GENEVA STATE: V8 ZIP: 1204 SC 13D/A 1 v220606_sc13da.htm Unassociated Document
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

SES Solar Inc.
(Name of Issuer)

Common Stock, par value $.001 per share
(Title of Class of Securities)

78412U101
 (CUSIP Number)

Ms. Sandrine Crisafulli
chemin du Champ-des-Filles 36, Plan-les-Ouates
Geneva 1228, Switzerland
Telephone 41.22.884.1484
(Name, Address and Telephone Number of Person Authorized to Received Notices
and Communications)

November 23, 2010
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §240.13d-1(e), §240.13d-1(f) or §240.13d-1(g), check the following box  /__/.

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 

 
 
SCHEDULE 13D
CUSIP No. 78412U101
 
 
1.
NAMES OF REPORTING PERSONS.
Flannel Management Sarl
 
 
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)
WC
 
 
5.
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)     o
 
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
37,180,849
 
8.
SHARED VOTING POWER
0
 
9.
SOLE DISPOSITIVE POWER
37,180,849
 
10.
SOLE DISPOSITIVE POWER
0
 
 
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,180,849
 
 
12.
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   o
 
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9(1)
 
 
14.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO

 
(1)
Based on 72,984,168 shares outstanding at November 23, 2010, as disclosed by the Issuer in its Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on November 30, 2010.
 
 
2

 

 
SCHEDULE 13D
CUSIP No. 78412U101
 
 
1.
NAMES OF REPORTING PERSONS.
Sandrine Crisafulli
 
 
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)
N/A
 
 
5.
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)     o
 
 
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
France
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7.
SOLE VOTING POWER
37,180,849
 
8.
SHARED VOTING POWER
0
 
9.
SOLE DISPOSITIVE POWER
37,180,849
 
10.
SOLE DISPOSITIVE POWER
0
 
 
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
37,180,849
 
 
12.
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   o
 
 
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9(1)
 
 
14.
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN

 
(1)
Based on 72,984,168 shares outstanding at November 23, 2010, as disclosed by the Issuer in its Current Report on Form 8-K and filed with the SEC on November 30, 2010.
 
 
3

 
 
Flannel Management Sarl and Sandrine Crisafulli hereby amend and supplement the Schedule 13D originally filed with the SEC on May 5, 2011.

This Schedule relates to the common stock, par value $.001 per share (the "Common Stock"), of SES Solar Inc. (the "Company").

“Item 3.
Source and Amount of Funds or Other Consideration.

Item 3 of the Schedule is hereby amended by adding the following text as the last paragraph thereof:

“On November 23, 2010, Claudia Rey entered into an agreement with Flannel whereby Ms. Rey sold 2,414,341 shares of Common Stock of the Company to Flannel for an aggregate purchase price of 100,000 Swiss Francs (US $100,320). Flannel used its working capital to pay for the 2,414,341 shares of Common Stock so purchased.”

“Item 5. 
Interest in Securities of the Issuer.

Item 5(a) of the Schedule is hereby amended by deleting the existing text and inserting the following text in its stead:

“(a) Each of Flannel and Crisafulli, by virtue of her ownership of all of the outstanding shares of the capital stock of Flannel, beneficially owns (as defined by Rule 13d-3 under the Act) 37,180,849 shares, or 50.9% of the shares, of Common Stock outstanding as of November 23, 2010.”

Item 5(b) of the Schedule is hereby amended by deleting the existing text and inserting the following text in its stead:

“(b) Each of Flannel and Crisafulli, by virtue of her ownership of all of the outstanding shares of the capital stock of Flannel, has sole power to vote or to direct the vote and sole power to dispose or to direct the disposition of 37,180,849 shares of Common Stock.”

Item 5(c) of the Schedule is hereby amended by deleting the existing text and inserting the following text in its stead:

“(c) Except for the purchase of the (i) 34,766,508 shares by Flannel on November 2, 2010, and (ii) 2,414,341 shares by Flannel on November 23, 2010, neither Flannel nor Crisafulli effected any transaction in the Common Stock during the past sixty days.”

“Item 6. 
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 of the Schedule is hereby amended by adding the following text as the last paragraph thereof:

“The 2,414,341 shares of Common Stock reported hereby were purchased pursuant to a Stock Sale Agreement, dated November 23, 2010, by and between Claudia Rey and Flannel.”
 
 
4

 

Item 7.   Material To Be Filed As Exhibits.

 
Exhibit3
Stock Sale Agreement, dated November 23, 2010, by and between Claudia Rey and Flannel Management Sarl.
 
 
5

 
 
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

May 5, 2011
 
  FLANNEL MANAGEMENT SARL  
       
 
By:
/s/ Sandrine Crisafulli  
    Sandrine Crisafulli  
    Managing Officer  
 
 
6

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

May 5, 2011
 
 
/s/ Sandrine Crisafulli
Sandrine Crisafulli
 
 
7

 

EXHIBIT INDEX

Exhibit 3
Stock Sale Agreement, dated November 23, 2010, by and between Claudia Rey and Flannel Management Sarl.
 
 
8

 
 
EX-99.3 2 v220606_ex99-3.htm Unassociated Document
AGREEMENT

between

Ms Claudia REY, Place d’Armes 12, 1227 Carouge

and

Flannel Management Sarl, rue de la Fontaine 2, 1204 Geneva by Ms. Sandrine Crisafulli

Objective

·  
Sale of 2’414’341 shares of SES Solar Inc. to Flannel Management by Ms Claudia Rey.
·  
Conditions of payment.

1.           By the present agreement, Ms Claudia REY sells 2’414’341 shares of SES Solar Inc. to Flannel Management for the sum of CHF 100’000.- (one hundred thousand Swiss francs).

2.           Ms Claudia REY accepts that Flannel Management will pay the amount of CHF 100’000.- (one hundred thousand Swiss francs) by November 23, 2010 at the latest.

Governing law and jurisdiction

All litigation arising from the interpretation and execution of the present agreement will be submitted to the courts of the canton of Geneva, with appeal to the Tribunal Federal.

Swiss law applies.

Thus agreed, in 2 copies, Geneva, November 23, 2010
 
  Flannel Management sarl
   
Claudia REY Sandrine Crisafulli
   
/s/ Claudia REY /s/ Sandrine Crisafulli