-----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, FaaL999MpLdK/kqy5j/YNbgq9fvFHHf9qUmK1mDpegDYyL1l7zvghStrSoFnsN5+ 6yezHpS3a/Fz9DovVALHSg== 0001072613-06-001942.txt : 20060908 0001072613-06-001942.hdr.sgml : 20060908 20060908154935 ACCESSION NUMBER: 0001072613-06-001942 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060908 DATE AS OF CHANGE: 20060908 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GVI SECURITY SOLUTIONS INC CENTRAL INDEX KEY: 0001021444 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 770436410 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50323 FILM NUMBER: 061081873 BUSINESS ADDRESS: STREET 1: 1621 WEST CROSBY STREET 2: SUITE 104 CITY: CARROLLTON STATE: TX ZIP: 75006 BUSINESS PHONE: 9722457353 MAIL ADDRESS: STREET 1: 1621 WEST CROSBY STREET 2: SUITE 104 CITY: CARROLLTON STATE: TX ZIP: 75006 FORMER COMPANY: FORMER CONFORMED NAME: THINKING TOOLS INC DATE OF NAME CHANGE: 19960823 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TEITELBAUM WILLIAM A CENTRAL INDEX KEY: 0001086392 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 4122766200 MAIL ADDRESS: STREET 1: 507 FOREST AVE STREET 2: C/O NATIONAL RECORD MART INC CITY: CARNEGIE STATE: PA ZIP: 15106 SC 13D/A 1 sch13da_14509.txt AMENDED SCHEDULE 13D - TEITELBAUM ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 -------------- SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A) (Amendment No. 3) GVI SECURITY SOLUTIONS, INC. ---------------------------- (NAME OF ISSUER) ---------------- COMMON STOCK, $.001 PAR VALUE ----------------------------- (Title of Class of Securities) 36242E101 --------- (CUSIP Number) William A. Teitelbaum 4 Winston Court Dix Hills, New York 11746 (631) 493-0187 -------------- Copy to: Sam Schwartz, Esq. Eiseman Levine Lehrhaupt & Kakoyiannis, P.C. 805 Third Avenue New York, New York 10022 (212) 752-1000 -------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) SEPTEMBER 7, 2006 ----------------- (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box /_/. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. - -------- 1 The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on following pages) (Page 1 of 5 Pages) ================================================================================ ====================== =================== CUSIP No. 36242E101 13D Page 2 of 5 Pages ====================== =================== ================================================================================ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) William A. Teitelbaum - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) / / - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OR ORGANIZATION USA - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF SHARES 2,805,180 BENEFICIALLY ---------------------------------------------------------------- OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON WITH - 0 - ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 2,805,180 ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER - 0 - - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,805,180 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! ====================== =================== CUSIP No. 36242E101 13D Page 3 of 5 Pages ====================== =================== The following constitutes Amendment No. 3 ("Amendment No. 3") to the Schedule 13D filed by the undersigned. This Amendment No. 3 amends the Schedule 13D as specifically set forth herein. Item 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of the date hereof, the Reporting Person owns 2,805,180 Shares, constituting approximately 5.3% of the Shares outstanding. The percentage is based upon 53,198,974 Shares outstanding (as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 15, 2006. (b) The Reporting Person has sole power to vote and dispose of 2,805,180 Shares, constituting approximately 5.3% of the Shares outstanding. Item 5(c) is hereby amended to add the following: During the period August 2, 2006 through September 7, 2006, the Reporting Person sold an aggregate of 4,379,085 Shares in the open market as follows: Date Number of Shares Sold Price - --------------------------------------------------------------- - --------------------------------------------------------------- August 2 515,000 .0701 August 3 215,000 .0702 August 4 600,000 .0718 August 7 255,000 .0802 August 8 350,000 .0893 August 9 257,000 .0802 August 10 220,000 .0785 August 11 135,000 .0737 August 14 50,000 .07 August 15 200,000 .072 August 16 120,000 .0742 August 17 200,000 .0606 August 18 155,000 .0601 August 21 157,085 .055 August 24 250,000 .056 August 25 80,000 .056 August 28 15,000 .055 August 30 300,000 .048 August 31 30,000 .055 September 1 100,000 .059 September 6 75,000 .0537 September 7 100,000 .05 ====================== =================== CUSIP No. 36242E101 13D Page 4 of 5 Pages ====================== =================== SIGNATURE After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: September 8, 2006 /s/ William A. Teitelbaum ----------------------------- William A. Teitelbaum ====================== =================== CUSIP No. 36242E101 13D Page 5 of 5 Pages ====================== =================== EXHIBIT INDEX EXHIBIT PAGE - ------- ---- 1. Form of Agreement and Plan of Merger, dated as of February 20, 2004, by and among Thinking Tools, Inc., GVI Security Acquisition Corp. and GVI Security, Inc. (previously filed). -- 2. Warrant to purchase 32,857 shares of common stock of GVI Security, Inc., dated May 10, 2000 (previously filed). -- 3. Form of Registration Rights Agreement, dated as of February 19, 2004, by and among Thinking Tools, Inc. and each of the stockholders of Thinking Tools, Inc. listed on Schedule 1 to the agreement (previously filed). -- 4. Settlement Agreement dated as of October 13, 2004, by and among GVI Security Solutions, Inc., GVI Security, Inc., William A. Teitelbaum and Alarmax Distributors, Inc. (previously filed). -- 5. Letter Agreement, dated December 28, 2004, between the Issuer and the Reporting Person (previously filed). -- -----END PRIVACY-ENHANCED MESSAGE-----