-----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, IsBeso+E7H62Ph5Z2Jo2bV85I40/75LYZjV1gmeexsn3ewVk9SRgdTKRoYc2d69a zTQ1lqn2FPYIgyFGpENn2w== 0001209191-09-002991.txt : 20090113 0001209191-09-002991.hdr.sgml : 20090113 20090113175959 ACCESSION NUMBER: 0001209191-09-002991 CONFORMED SUBMISSION TYPE: 5 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081231 FILED AS OF DATE: 20090113 DATE AS OF CHANGE: 20090113 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HEIL EDWARD F/IL/ CENTRAL INDEX KEY: 0000946535 FILING VALUES: FORM TYPE: 5 SEC ACT: 1934 Act SEC FILE NUMBER: 000-12965 FILM NUMBER: 09524850 BUSINESS ADDRESS: BUSINESS PHONE: 6307191200 MAIL ADDRESS: STREET 1: 631 E BUTTERFIELD RD STREET 2: SUITE 302 CITY: LOMBARD STATE: IL ZIP: 60148 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NESTOR INC CENTRAL INDEX KEY: 0000720851 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 133163744 STATE OF INCORPORATION: DE FISCAL YEAR END: 1212 BUSINESS ADDRESS: STREET 1: 42 ORIENTAL STREET STREET 2: THIRD FLOOR CITY: PROVIDENCE STATE: RI ZIP: 02908 BUSINESS PHONE: 4012745658 MAIL ADDRESS: STREET 1: 42 ORIENTAL STREET STREET 2: THIRD FLOOR CITY: PROVIDENCE STATE: RI ZIP: 02908 5 1 c79427_5x0.xml MAIN DOCUMENT DESCRIPTION X0303 5 2008-12-31 0 1 0000720851 NESTOR INC NEST 0000946535 HEIL EDWARD F/IL/ 8052 FISHER ISLAND DRIVE FISHER ISLAND FL 33109 0 0 1 0 Common Stock, par value $.01 per share 2008-12-16 4 S 0 5535672 0.02 D 5854450 D Common Stock, par value $.01 per share 2008-12-17 4 S 0 200000 0.03 D 5854450 D Common Stock, par value $.01 per share 2008-12-16 4 P 0 1845224 0.02 A 5854450 I See footnote Common Stock, par value $.01 per share 2008-12-17 4 P 0 66666 0.03 A 5854450 I See footnote Common Stock, par value $.01 per share 2008-12-16 4 P 0 1845224 0.02 A 5854450 I See footnote Common Stock, par value $.01 per share 2008-12-17 4 P 0 66666 0.03 A 5854450 I See footnote Common Stock, par value $.01 per share 2008-12-16 4 P 0 1845224 0.02 A 5854450 I See footnote Common Stock, par value $.01 per share 2008-12-17 4 P 0 66668 0.03 A 5854450 I See footnote Warrant 4.91 2006-01-31 5 P 0 0 D 2006-01-31 2009-01-31 Common Stock 118778 118778 D As Trust Investment Advisor of the Trust for Karen Heil Kelly under the Edward F. Heil, Jr., Sandra Heil and Karen Heil Irrevocable Trust Agreement #2, Dated December 1, 1983 As Trust Investment Advisor of the Trust for Sandra E.H. Bauer under the Edward F. Heil, Jr., Sandra Heil and Karen Heil Irrevocable Trust Agreement #2, Dated December 1, 1983 As Trust Investment Advisor of the Trust for Edward F. Heil, Jr. under the Edward F. Heil, Jr., Sandra Heil and Karen Heil Irrevocable Trust Agreement #2, Dated December 1, 1983 Explanation of Responses: On December 16, 2008 and December 17, 2008, Edward F. Heil sold, via two brokers, an aggregate of 5,735,672 shares of common stock he owned in Nestor, Inc. In separate transactions, the Trust for Karen Heil Kelly under the Edward F. Heil, Jr., Sandra Heil and Karen Heil Irrevocable Trust Agreement #2, Dated December 1, 1983, purchased, via a broker, an aggregate of 1,911,890 shares of common stock in Nestor, Inc. In separate transactions, the Trust for Sandra E.H. Bauer under the Edward F. Heil, Jr., Sandra Heil and Karen Heil Irrevocable Trust Agreement #2, Dated December 1, 1983, purchased, via a broker, an aggregate of 1,911,890 shares of common stock in Nestor, Inc. In separate transactions, the Trust for Edward F. Heil, Jr. under the Edward F. Heil, Jr., Sandra Heil and Karen Heil Irrevocable Trust Agreement #2, Dated December 1, 1983, purchased, via a broker, an aggregate of 1,911,892 shares of common stock in Nestor, Inc. As the Trust Investment Advisor of these three trusts, Edward F. Heil has been delegated the power to direct the Trustee to vote and to dispose of securities held by these three trusts, and may be deemed the beneficial owner, for securities law purposes, of the shares of common stock in Nestor, Inc. held by these three trusts. Any such beneficial ownership is expressly disclaimed. Explanation of Responses: There is no price of security on a per share basis available for the 118,778 warrants. Edward F. Heil entered into a Securities Purchase Agreement dated January 31, 2006, with Nestor, Inc. (the Securities Purchase Agreement is filed as an exhibit to Nestor, Inc.'s Form 10-K filed with the Securities and Exchange Commission on April 14, 2006), pursuant to which Mr. Heil invested $1,750,000 to purchase 395,927 shares of Common Stock in Nestor, Inc. ($4.42 per share). Pursuant to the Securities Purchase Agreement, warrants were issuable upon a purchase of shares equal to 30% of the number of shares purchased. As Mr. Heil purchased 395,927 shares of Common Stock in Nestor, Inc. pursuant to the Securities Purchase Agreement, he obtained 118,778 warrants (395,927 multplied by 30%). /s/ Edward F. Heil 2009-01-13 -----END PRIVACY-ENHANCED MESSAGE-----