SC 13D/A 1 sc13d.txt SCHEDULE 13D/A AMENDMENT 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 SCHEDULE 13D/A Amendment 1 Under the Securities Exchange Act of 1934 WESTMOUNTAIN INDEX ADVISOR, INC. -------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.001 PER SHARE --------------------------------------- (Title of Class of Securities) 96110W203 --------- (CUSIP Number) Capital Peak Partners LLC 602 Cedar St, Suite 205, Wallace, ID 83873 208-556-1600 --------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 24, 2011 --------------- 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 Rule 13D-1(e), 13D-1(f) or 13D-1(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13D-7 for other parties to whom copies are to be sent. * 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. 44920E 10 4 PAGE 2 ________________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Capital Peak Partners LLC ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ X ] ________________________________________________________________________________ 3 SEC USE ONLY ________________________________________________________________________________ 4 SOURCE OF FUNDS WC ________________________________________________________________________________ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] ________________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION US ________________________________________________________________________________ NUMBER OF 7 SOLE VOTING POWER 2,350,000 SHARES ____________________________________________________________ SHARES BENEFICIALLY 8 SHARED VOTING POWER 0 SHARES ____________________________________________________________ OWNED BY EACH 9 SOLE DISPOSITIVE POWER 2,350,000 SHARES ____________________________________________________________ REPORTING PERSON 10 SHARED DISPOSITIVE POWER 0 SHARES ____________________________________________________________ WITH ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,350,000 SHARES ________________________________________________________________________________ 12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* PN ________________________________________________________________________________ ITEM 1. SECURITY AND ISSUER. This Schedule 13D Amendment 1("13D") relates to the shares of common stock, par value $0.001 per share (the "Common Stock"), of WestMountain Index Advisor, Inc. ("WMTN"), a Colorado corporation, whose principal executive office is located at 2186 S. Holly St., Suite 104, Denver, CO 80222. The principal executive officer is Gregory Schifrin, Chief Executive Officer. This 13D gives notice of (i)100,000 shares of common stock awarded by the Board of Director on August 24, 2011 as a Director of WMTN at the market value of $.30 per share; (ii) 250,000 shares to Capital Peak Partners at $.50 per share under the terms and conditions included in the February 18, 2011 Warrant, including an expiration date of August 23, 2014; and (iii) 250,000 shares to Capital Peak Partners at $.75 per share under the terms and conditions included in the February 18, 2011 Warrant, including an expiration date of August 23, 2014. ITEM 2. IDENTITY AND BACKGROUND. This 13D is being filed pursuant to Rule 13D-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act". CPP is an American limited liability corporation. This "Reporting Party" is an "institutional investor" or an "accredited investor." Information with respect to this Reporting Person is given solely by such Reporting Person. CPP was formed in September, 2010 and is controlled by Mike Lavigne. Mr. Lavigne is the CEO and Director of Silver Verde May Mining Company, Inc. The principal business address of CPP is 602 Cedar St, Suite 205, Wallace, ID 83873. During the last five years, the Reporting Person, to the best of his knowledge, has not been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). During the last five years, the Reporting Person, to the best of his knowledge, has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. See description to Item 4. ITEM 4. PURPOSE OF TRANSACTION. The Common Stock were acquired for, and are being held for, investment purposes. This 13D gives notice of (i)100,000 shares of common stock awarded by the Board of Director on August 24, 2011 as a Director of WMTN at the market value of $.30 per share; (ii) 250,000 shares to Capital Peak Partners at $.50 per share under the terms and conditions included in the February 18, 2011 Warrant, including an expiration date of August 23, 2014; and (iii) 250,000 shares to Capital Peak Partners at $.75 per share under the terms and conditions included in the February 18, 2011 Warrant, including an expiration date of August 23, 2014. 3 Other The Reporting Person may purchase additional shares of Common Stock from time to time depending upon price, market conditions, availability of funds, evaluation of other investment opportunities, and other factors. The Reporting Person have no present intention to sell any shares of Common Stock, although any Reporting Person could determine from time to time, based upon the same factors listed above for purchases, to sell some or all of the shares of Common Stock held by such Reporting Person. The Reporting Person do not have any plans or proposals that would result in any of the actions or transactions described in clauses (a)through (j) of Item 4 of Schedule 13D, except as previously disclosed in this Schedule 13D, as amended, or as set forth above. ITEM 5. INTEREST IN SECURITIES OF ISSUER. (a) As of August 26, 2011, CPP beneficially owned 2,350,000 shares of Common Stock individually. CPP beneficially owned 9.7% of the Common Stock outstanding, based on total shares of Common Stock outstanding as of August 26, 2011 of 24,335,502 shares on a fully diluted basis. (b) As of August 26, 2011, CPP had sole voting power and sole dispositive power with respect to 2,350,000 shares of Common Stock individually. (c) CPP has acquired 600,000 shares of Common Stock or warrants to Common Stock individually and within the 60 days prior to the filing of this Schedule 13D. (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Except as described herein, no Reporting Person nor any other person referred to in Item 2 herein, has any contract, arrangements understandings or relationship (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to the transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS. Not applicable. 4 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. Dated: August 26, 2011 Captital Peak Partners LLC By: /s/ Mike Lavigne ---------------- Name: Mike Lavigne Investor ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001) 5