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Filing Details

Accession Number:: 0001209191-10-049918
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-10-12 06:27:54
Reporting Period:: 2009-03-20

Filing Date:: 2010-10-12
Accepted Time:: 2010-10-12 06:27:54
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	Director	Officer	Large Shareholder	Other
1455659	Jr E Lester Taylor	10450 Trabuco St. Bellflower CA 90706	No	No	Yes	No
1455660	Trust Family Taylor	10450 Trabuco St. Bellflower CA 90706	No	No	Yes	No
1455661	Setal 5 Llc	10450 Trabuco St. Bellflower CA 90706	No	No	Yes	No
1455662	Setal 4 Llc	10450 Trabuco St. Bellflower CA 90706	No	No	Yes	No
1455663	Setal 3 Llc	10450 Trabuco St. Bellflower CA 90706	No	No	Yes	No
1455664	Setal 2 Llc	10450 Trabuco St. Bellflower CA 90706	No	No	Yes	No
1455665	Setal 1 Llc	10450 Trabuco St. Bellflower CA 90706	No	No	Yes	No
1458036	M Diane Taylor	10450 Trabuco St. Bellflower CA 90706	No	No	Yes	No
1465788	Setal 6, Llc	10450 Trabuco St. Bellflower CA 90706	No	No	Yes	No
1501520	Services Place Park	10450 Trabuco St. Bellflower CA 90706	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2009-01-27	50,000	$0.11	37,333,388	No	4	P	Direct
Common Stock	Acquisiton	2009-01-28	40,000	$0.13	37,333,388	No	4	P	Indirect	By Park Place

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Indirect	By Park Place

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Preferred Stock	Acquisiton	2009-02-03	1,000	$100.00	312,500	$0.32
Common Stock	Series A Preferred Stock	Acquisiton	2009-02-03	1,000	$100.00	312,500	$0.32
Common Stock	Series B Preferred Stock	Acquisiton	2009-02-17	252	$0.00	78,750	$0.32
Common Stock	Convertible Promissory Note	Acquisiton	2009-03-20	0	$0.00	842,813	$0.00
Common Stock	Convertible Promissory Note	Acquisiton	2009-03-20	0	$0.00	421,250	$0.00

Remaning Holdings	Exercise Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
37,333,388	2009-02-03	No	4	P	Indirect
37,333,388	2009-02-03	No	4	P	Indirect
37,333,388	2009-02-17	No	4	J	Indirect
37,333,388	2009-03-20	No	4	P	Indirect
37,333,388	2009-03-20	No	4	P	Indirect

Footnotes

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.
As the general partners of Park Place Services ("Park Place") Lester and Clyde are deemed to beneficially own the securities beneficially owned by Park Place.
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.
As the trustees of the Wilson Family Trust (the "Wilson Trust"), Clyde Wilson ("Clyde") and Anita Wilson ("Anita") are deemed to beneficially own the securities beneficially owned by the Wilson Trust.
As the sole manager of Setal 1, LLC ("Setal 1"), Lester is deemed to beneficially own the securities beneficially owned by the Setal 1.
Based on the outstanding balance of the convertible note eligible for conversion as of March 20, 2009. Each dollar of the outstanding balance of the note is convertible into 0.01 shares of Series B Preferred Stock, and each share of Series B Preferred Stock is convertible into 312.5 shares of Common Stock. As of March 20, 2009, the Taylor Trust was entitled to convert $269,692 of the note and Setal 1 was entitled to convert $134,836 of the note.
Each dollar of the outstanding balance of the note is convertible into 0.01 shares of Series B Preferred Stock, and each share of Series B Preferred Stock is convertible into 312.5 shares of Common Stock.
Price of derivative equal to monies loaned pursuant to the convertible note.
The Series B Preferred Stock issued to the Taylor Trust are in connection with a $350,000 loan to the Issuer by the Taylor Trust.
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