-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TJnxxdYEamBhoQ1limr17du85IFavxY5FegYWhModve2LVQmKDwUGT9gDn7UCS47 0LhJWsNRFdiBqex18IgjqQ== 0001144204-07-060618.txt : 20071113 0001144204-07-060618.hdr.sgml : 20071112 20071113172123 ACCESSION NUMBER: 0001144204-07-060618 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071012 FILED AS OF DATE: 20071113 DATE AS OF CHANGE: 20071113 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: INNOVATIVE SOFTWARE TECHNOLOGIES INC CENTRAL INDEX KEY: 0001084047 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 954691878 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5072 NORTH 300 WEST CITY: PROVO STATE: UT ZIP: 84604 BUSINESS PHONE: 801-371-0755 MAIL ADDRESS: STREET 1: 5072 NORTH 300 WEST CITY: PROVO STATE: UT ZIP: 84604 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ELLETT PHILLIP D CENTRAL INDEX KEY: 0001103289 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27465 FILM NUMBER: 071239556 BUSINESS ADDRESS: STREET 1: 1625 WEST CROSBY RD CITY: CARROLLTON STATE: TX ZIP: 75006-6686 4 1 v093847_ex.xml X0202 4 2007-10-12 0 0001084047 INNOVATIVE SOFTWARE TECHNOLOGIES INC INIV.PK 0001103289 ELLETT PHILLIP D 15900 SOLEIL COURT AUSTIN TX 79734 1 1 0 0 Chief Executive Officer Common Stock 2007-10-12 4 A 0 559013 0.05 A 1082824 D Stock Options 0.05 2007-10-12 4 A 0 21000000 0 A 2017-10-11 Common Stock 21000000 27000000 D Warrants 0.05 2017-10-11 Common Stock 100000 27100000 D The Stock Options vest in accordance with the following schedule: (a) 5,250,000 vested immediately on October, 12 2007 and (b) the remaining 15,750,000 will vest pro-rata over the 36 months thereafter. /s/ Philip D. Ellett 2007-11-15 -----END PRIVACY-ENHANCED MESSAGE-----