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Home > Insider Trading > Filing (0001209191-10-049916)

Filing Details

Accession Number:
0001209191-10-049916
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-10-12 06:26:28
Reporting Period:
2008-12-31
Filing Date:
2010-10-12
Accepted Time:
2010-10-12 06:26:28
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
920317 Us Dry Cleaning Corp UDRY Services-Personal Services (7200) 770357037
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1455659 Jr E Lester Taylor 10450 Trabuco St.
Bellflower CA		 No No Yes No
1455660 Trust Family Taylor 10450 Trabuco St.
Bellflower CA		 No No Yes No
1455661 Setal 5 Llc 10450 Trabuco St.
Bellflower CA		 No No Yes No
1455662 Setal 4 Llc 10450 Trabuco St.
Bellflower CA		 No No Yes No
1455663 Setal 3 Llc 10450 Trabuco St.
Bellflower CA		 No No Yes No
1455664 Setal 2 Llc 10450 Trabuco St.
Bellflower CA		 No No Yes No
1455665 Setal 1 Llc 10450 Trabuco St.
Bellflower CA		 No No Yes No
1458036 M Diane Taylor 10450 Trabuco St.
Bellflower CA		 No No Yes No
1465788 Setal 6, Llc 10450 Trabuco St.
Bellflower CA		 No No Yes No
1501520 Services Place Park 10450 Trabuco St.
Bellflower CA		 No No Yes No
Reported Non-Derivative Transactions
Show Other Fields >>
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2008-09-19 6,800 $0.51 35,012,167 No 4 P Direct
Common Stock Acquisiton 2008-10-17 11,000 $0.28 35,012,167 No 4 P Direct
Common Stock Acquisiton 2008-10-20 36,000 $0.28 35,012,167 No 4 P Direct
Common Stock Acquisiton 2008-09-19 2,000 $0.55 35,012,167 No 4 P Indirect By Taylor Trust
Common Stock Acquisiton 2008-11-18 27,501 $0.22 35,012,167 No 4 P Indirect By Taylor Trust
Common Stock Acquisiton 2008-11-19 22,000 $0.19 35,012,167 No 4 P Indirect By Taylor Trust
Common Stock Acquisiton 2008-10-20 57,000 $0.25 35,012,167 No 4 P Indirect By Park Place
Common Stock Acquisiton 2008-10-22 3,100 $0.25 35,012,167 No 4 P Indirect By Park Place
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Indirect By Taylor Trust
No 4 P Indirect By Taylor Trust
No 4 P Indirect By Taylor Trust
No 4 P Indirect By Park Place
No 4 P Indirect By Park Place
Reported Derivative Transactions
Show Other Fields >>
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Series B Preferred Stock Acquisiton 2008-12-31 8,421 $0.00 2,631,563 $0.32
Common Stock Series B Preferred Stock Acquisiton 2008-12-31 6,316 $0.00 1,973,750 $0.32
Common Stock Series B Preferred Stock Acquisiton 2008-12-31 10,526 $0.00 3,289,375 $0.32
Common Stock Series B Preferred Stock Acquisiton 2008-12-31 8,421 $0.00 2,631,563 $0.32
Common Stock Series B Preferred Stock Acquisiton 2008-12-31 6,316 $0.00 1,973,750 $0.32
Common Stock Series B Preferred Stock Acquisiton 2008-12-31 1,050 $0.00 328,125 $0.32
Common Stock Series B Preferred Stock Acquisiton 2008-12-31 1,050 $0.00 328,125 $0.32
Common Stock Convertible Promissory Note Acquisiton 2008-12-31 0 $0.00 2,549,750 $0.00
Common Stock Convertible Promissory Note Acquisiton 2008-12-31 0 $0.00 2,519,034 $0.00
Common Stock Convertible Promissory Note Acquisiton 2008-12-31 0 $0.00 4,403,612 $0.00
Common Stock Convertible Promissory Note Acquisiton 2008-12-31 0 $0.00 3,472,686 $0.00
Common Stock Convertible Promissory Note Acquisiton 2008-12-31 0 $0.00 2,475,237 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
35,012,167 2008-12-31 No 4 J Indirect
Footnotes
  1. Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission.
  2. As the trustees of the Taylor Family Trust (the "Taylor Trust") Lester E. Taylor, Jr. ("Lester") and Diane M. Taylor ("Diane") are deemed to beneficially own the securities beneficially owned by the Taylor Trust.
  3. As the general partners of Park Place Services ("Park Place") Lester and Clyde Wilson are deemed to beneficially own the securities beneficially owned by Park Place.
  4. As the sole manager of Setal 1, LLC ("Setal 1"), Setal 2, LLC ("Setal 2"), Setal 3, LLC ("Setal 3"), Setal 4, LLC ("Setal 4"), Setal 5, LLC ("Setal 5") and Setal 6, LLC ("Setal 6") (collectively, the "Setals"), Lester is deemed to beneficially own the securities beneficially owned by the Setals.
  5. Pursuant to the terms of a Securities Exchange Agreement with Issuer, Setal 1, Setal 2, Setal 3, Setal 4, Setal 5, Park Place, and the Taylor Trust agreed to exchange their respective convertible promissory notes due from Issuer for new convertible promissory notes and shares of Issuer's Series B Preferred Stock, which Series B Preferred Stock is convertible into shares of Common Stock.
  6. The first $842,105 of principal and accrued interest under the note is convertible into shares of Common Stock at a conversion price equal to $0.32 and any amount of principal and accrued interest in excess of such amount is convertible into shares of Common Stock at a conversion price equal to $0.75.
  7. The first $631,579 of principal and accrued interest under the note is convertible into shares of Common Stock at a conversion price equal to $0.32 and any amount of principal and accrued interest in excess of such amount is convertible into shares of Common Stock at a conversion price equal to $0.75.
  8. The first $1,052,632 of principal and accrued interest under the note is convertible into shares of Common Stock at a conversion price equal to $0.32 and any amount of principal and accrued interest in excess of such amount is convertible into shares of Common Stock at a conversion price equal to $0.75.
  9. The first $842,105 of principal and accrued interest under the note is convertible into shares of Common Stock at a conversion price equal to $0.32 and any amount of principal and accrued interest in excess of such amount is convertible into shares of Common Stock at a conversion price equal to $0.75.
  10. The first $631,579 of principal and accrued interest under the note is convertible into shares of Common Stock at a conversion price equal to $0.32 and any amount of principal and accrued interest in excess of such amount is convertible into shares of Common Stock at a conversion price equal to $0.75.
  11. Based on the outstanding balance of the convertible note eligible for conversion as of December 31, 2008.
  12. Price of derivative equal to monies loaned pursuant to the convertible note.
  13. N/A
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