Filing Details
- Accession Number:
- 0001140361-11-003047
- Form Type:
- 5
- Zero Holdings:
- No
- Publication Time:
- 2011-01-14 18:20:11
- Reporting Period:
- 2010-04-09
- Filing Date:
- 2011-01-14
- Accepted Time:
- 2011-01-14 18:20:11
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1381105 | Jbi Inc. | JBII | Wholesale-Electrical Appliances, Tv & Radio Sets (5064) | 204924000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1440210 | William John Bordynuik | 1783 Allanport Road Thorold A6 L0S 1K0 | Ceo & President | No | Yes | 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 | Disposition | 2009-08-27 | 10,000,000 | $0.00 | 30,250,000 | No | 5 | J | Direct | |
| Common Stock | Acquisiton | 2010-02-02 | 23,846 | $3.00 | 30,273,846 | No | 5 | S | Direct | |
| Common Stock | Disposition | 2010-03-02 | 9,000,000 | $0.00 | 21,273,846 | No | 5 | J | Direct | |
| Common Stock | Disposition | 2010-03-02 | 12,000,000 | $0.00 | 9,273,846 | No | 5 | J | Direct | |
| Common Stock | Disposition | 2010-10-06 | 800,000 | $0.00 | 9,073,846 | No | 5 | J | Direct | |
| Common Stock | Disposition | 2010-10-06 | 200,000 | $0.00 | 8,273,846 | No | 5 | J | Direct | |
| Common Stock | Acquisiton | 2011-01-12 | 3,000 | $0.68 | 8,276,846 | No | 5 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 5 | J | Direct | |
| No | 5 | S | Direct | |
| No | 5 | J | Direct | |
| No | 5 | J | Direct | |
| No | 5 | J | Direct | |
| No | 5 | J | Direct | |
| No | 5 | P | Direct |
Footnotes
- The Company's CEO, John Bordynuik returned 10 million of his common shares to treasury, for the purchase of JBI's two subsidiary companies, JAVACO and Pak-It. The Companies were acquired on August 24, 2009 and September 30, 2009 respectively. The return of stock to treasury allowed for further company growth, while still preserving shareholder value and not diluting the existing shares.
- The Company's CEO, John Bordynuik received shares for a shareholder loan repayment in the amount of 23, 846 shares.
- The Company's CEO, John Bordynuik returned a total of 21 million of his common shares to treasury on February 3, 2010. Of this 21 million, approximately 7.5 million shares were used to offset the stock issued in a Private Placement offered by the Company in December 2009. The remaining 13.5 million shares used for clearing the remaining debt of JAVACO and Pak-It (see foot-note 1), to offset stock issuance in any future Offerings of the Company's securities, as well as provided compensation for Company Executives, while preserving shareholder value.
- The Company's CEO, John Bordynuik returned a total of 1 million shares to treasury on June 10, 2010. Of these 1 million shares, approximately 800,000 shares were transferred to an employee of JBI, Inc. and the remaining 200, 000 shares will be used toward any future financing endeavors, to minimize shareholder dilution. To date, the Company's CEO has returned a total of 32 million shares to treasury in order to preserve shareholder value and prevent dilution. As a result of the commercial operation of the Company's Plastic2Oil processor, the CEO does not foresee the need to return anymore stock to the treasury.
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