-----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, QGKH+9ME/63ybY8BqeSP4I2B/u1mDPzTe7bP2mgVQHKKzt0fRJbGHatnbch0jgcC WczsxNHPhoFpqA65lwp9/g== 0001144204-08-023663.txt : 20080422 0001144204-08-023663.hdr.sgml : 20080422 20080422165409 ACCESSION NUMBER: 0001144204-08-023663 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080422 DATE AS OF CHANGE: 20080422 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MOT JACQUES CENTRAL INDEX KEY: 0001088561 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 2127924104 MAIL ADDRESS: STREET 1: 245 PARK AVENUE STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Plastinum Polymer Technologies Corp. CENTRAL INDEX KEY: 0001368044 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 204255141 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82701 FILM NUMBER: 08769692 BUSINESS ADDRESS: STREET 1: C/O 245 PARK AVENUE CITY: NEW YORK, STATE: NY ZIP: 10167 BUSINESS PHONE: (212) 792-4030 MAIL ADDRESS: STREET 1: C/O 245 PARK AVENUE CITY: NEW YORK, STATE: NY ZIP: 10167 FORMER COMPANY: FORMER CONFORMED NAME: PLASTINUM CORP DATE OF NAME CHANGE: 20060628 SC 13D/A 1 v111241_sc13da.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2 /*/) Plastinum Polymer Technologies Corp. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 727606 10 5 - -------------------------------------------------------------------------------- (CUSIP Number) Jacques Mot c/o Plastinum Polymer Technologies Corp. 10100 Santa Monica Blvd., Suite 300 Los Angeles, CA 90067 (310) 651-9972 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 18, 2008 - -------------------------------------------------------------------------------- (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 Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following box |_|. /*/ 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 ("Act") 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). SCHEDULE 13D CUSIP No. 727606 10 5 - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Jacques Mot - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland Nationality - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 40,572,076 SHARES -------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 0 OWNED BY -------------------------------------------------------- 9 SOLE DISPOSITIVE POWER EACH REPORTING 40,572,076 -------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 40,572,076 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 41.1% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- ITEM 1. SECURITY AND ISSUER. This Amendment No. 2 to Schedule 13D relates to the common stock, par value $0.01 (the "Common Stock"), of Plastinum Polymer Technologies Corp. (the "Issuer"). The address of the Issuer's principal executive office is 10100 Santa Monica Blvd., Suite 300, Los Angeles, CA 90067. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Item 3 is amended by inserting the following paragraph at the end thereof: On April 18, 2008, the Issuer granted to Jacques Mot, under the Issuer's 2006 Long-Term Incentive Plan and subject to the approval of the stockholders of the Issuer at its next Annual Meeting, options to purchase up to 14,400,000 of the Issuer's Common Stock at an exercise price of $0.30 per share. No consideration was provided by Mr. Mot for such grant; however, the vesting of such Options is contingent upon the continued employ of Mr. Mot by the Issuer and the attainment of certain milestones by the Issuer. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is amended and restated in its entirety to read as follows: (a) Mr. Mot beneficially owns in the aggregate 40,572,076 shares of Common Stock, of which (i) 38,772,076 shares are owned of record by Mr. Mot, (ii) 400,000 shares are issuable upon conversion of a $200,000 convertible loan made by Mr. Mot to the Issuer on July 10, 2006, (iii) 400,000 shares are issuable upon exercise by Mr. Mot of immediately exercisable warrants at an exercise price of $0.50 per share and (iv) immediately exercisable options to purchase 1,000,000 shares of Common Stock at an exercise price of $.10 per share. Accordingly, Mr. Mot's shares beneficially owned by him represent approximately 41.1% of the Issuer's Common Stock. Mr. Mot also owns options to purchase 2,000,000 shares of Common Stock at an exercise price of $.10 per share, of which options to purchase 1,000,000 shares become exercisable on each of July 10, 2008 and July 10, 2009. Mr. Mot further owns, subject to stockholder approval at the Issuer's next annual meeting, options to purchase 14,400,000 shares of Common Stock at an exercise price of $.30 per share which become exercisable as follows: (a) 2,400,000 of the Options vest on each of the following dates (the "Milestone Attainment Dates") upon the attainment of each of the following respective milestones (the "Milestones"): (i) on December 31, 2008, if at least one fully operational factory in The Netherlands capable of processing 15,000 tons of eWaste per year at full capacity has been established by the Issuer, (ii) on December 31, 2009 if at least one fully operational factory in the United States has been established by the Issuer and (iii) on December 31, 2010 if at least four fully operational factories, including the ones contemplated by the preceding clauses (i) and (ii), have been established by the Issuer; provided, however, that the Milestones in clauses (i), (ii) and (iii) above may be adjusted by the Compensation Committee at its discretion at the beginning of the respective calendar year, and (b) on such date as the market capitalization of the Issuer exceeds $300 million and provided that such date occurs on or prior to 4/18/2011, then double the number of Options that have already vested and those yet subject to vesting on each Milestone Date that has not yet occurred will become exercisable by the Reporting Person. (b) Mr. Mot has the sole power to vote all of the shares of Common Stock beneficially owned by him. (c) Within the past 60 days, Mr. Mot has not made any transactions in the Common Stock other than the acquisition which is the subject of this filing. (d) No person, other than Mr. Mot, has the right to receive or the power to direct the receipt of the dividends from, or the proceeds from the sale of, the shares of Common Stock owned by Mr. Mot. (e) Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated as of: April 22, 2008 /s/ Jacques Mot ------------------------------- Jacques Mot -----END PRIVACY-ENHANCED MESSAGE-----