Filing Details

Accession Number:
0001209191-10-049919
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-10-12 06:28:31
Reporting Period:
2009-03-20
Filing Date:
2010-10-12
Accepted Time:
2010-10-12 06:28:31
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
1457936 Anita Wilson 10450 Trabuco St.
Bellflower CA 90706
No No Yes No
1458037 Clyde Wilson 10450 Trabuco St.
Bellflower CA 90706
No No Yes No
1501239 Clyde Wilson , Trustee Of The Wilson Family Trust 10450 Trabuco St.
Bellflower CA 90706
No No Yes No
Reported Non-Derivative Transactions
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
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 Expiration 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
  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 second of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission.
  2. 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.
  3. 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.
  4. 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.
  5. As the sole manager of Setal 1, LLC ("Setal 1"), Lester is deemed to beneficially own the securities beneficially owned by the Setal 1.
  6. 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.
  7. 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.
  8. Price of derivative equal to monies loaned pursuant to the convertible note.
  9. 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.
  10. N/A