144 1 v064637_form144.htm Unassociated Document
 
 UNITED STATES
OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB Number:
3235-0101
 FORM 144
Expires:
December 31, 2006
 
Estimated average burden
hours per response . . . .  
4.47
 NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
SEC USE ONLY
 
DOCUMENT SEQUENCE NO.
 
ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.
CUSIP NUMBER
1 (a) NAME OF ISSUER (Please type or print)
 
LocatePLUS Holdings Corporation
(b) IRS IDENT. NO.
 
04-3332304
(c) S.E.C. FILE NO.
 
000-49957
WORK LOCATION
1 (d) ADDRESS OF ISSUER
STREET
 CITY
STATE
ZIP CODE
 (e) TELEPHONE NO.
 
 
100 Cummings Center, Suite 235M
 
 
 
Beverly
 
 
MA
 
 
01915
AREA CODE
 
978
NUMBER
 
921-2727
 
2 (a)NAME OF PERSON FOR WHOSE
   ACCOUNT THE SECURITIES
   ARE TO BE SOLD
(b) IRS IDENT. NO. 
(c) RELATIONSHIP
  TO ISSUER
(d) ADDRESS
STREET
CITY
STATE
ZIP CODE
                 
 Steven R. Becker (a)
N/A
N/A
300 Crescent Court, Suite 1111
Dallas
TX
75201
INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.
3 (a)
(b)
SEC USE ONLY
(c)
(d)
(e)
(f)
(g)
Title of the Class of Securities
To Be Sold
Name and Address of Each Broker Through Whom
the Securities are to be Offered or Each Market
Maker who is Acquiring the Securities
Broker-Dealer
File Number
Number of Shares or Other Units
To be Sold
Aggregate
Market Value
Number of Shares or Other Units Outstanding
Approximate
Date of Sale
Name of Each Securities Exchange
     
(See instr. 3(c))
(See instr. 3(d))
(See instr. 3(e))
(See instr. 3(f))
 (MO.    DAY      YR.)
(See instr. 3(g))
 
Common Stock
 
 
Knight Equity Markets, L.P. (b)
545 Washington Blvd.
Jersey City, NJ 07310
 
 
50,325
 
$12,078. (c)
 
7,685,067
 
02/06/07
 
OTC BB
 
INSTRUCTIONS 
1.
(a)
Name of issuer
3.
(a)
Title of the class of securities to be sold
 
(b)
Issuer’s I.R.S. Identification Number
(b)
Name and address of each broker through whom the securities are intended to be sold
 
(c)
Issuer’s S.E.C. file number, if any
(c)
Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
 
(d)
Issuer’s address, including zip code
(d)
Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
 
(e)
Issuer’s telephone number, including area code as shown by the most recent report or statement published by the issuer
(e)
Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding,
2.
(a)
Name of person for whose account the securities are to be sold
(f)
Approximate date on which the securities are to be sold
 
(b)
Such person’s I.R.S. identification number, if such person is an entity
(g)
Name of each securities exchange, if any, on which the securities are intended to be sold
 
(c)
Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder,
 
 
 
 
or member of immediate family of any of the foregoing)
 
 
 
 
(d)
Such person’s address, including zip code
 
 
 
 

 
TABLE I - SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the payment of all or any part of the purchase price or other consideration therefor:

Title of
the Class
Date You
Acquired
Nature of Acquisition Transaction
Name of Person from Whom Acquired
(If gift, also give date donor acquired)
Amount of
Securities Acquired
Date of
Payment
Nature
of Payment
 
3% Senior Convertible Note and Warrant
 
07/08/05
 
(d)
 
LocatePLUS Holdings Corporation
 
(d)
 
(d)
 
(d)

INSTRUCTIONS:
 
If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.
 
Name and Address of Seller
 
Title of Securities Sold
 
Date of Sale
Amount of
 Securities Sold
 
Gross Proceeds
Knight Equity Markets, L.P.
545 Washington Blvd., Jersey City, NJ 07310
Common Stock
01/25/07
80,843
$22,232
   
  
 
 
   
 
 
 
 
 
 
 
 
REMARKS: 
(a) The person for whose account the securities are to be sold is BC Advisors, LLC, a Texas limited liability company (“BCA”), which initially acquired all of the securities of LocatePLUS Holdings Corporation (the “Company”) described in this form for the accounts of the following entities: (1) SRB Greenway Capital, L.P., a Texas limited partnership (“SRBGC”), (2) SRB Greenway Capital (Q.P.), L.P., a Texas limited partnership (“SRBQP”) and (3) SRB Greenway Offshore Operating Fund, L.P., a Cayman Islands limited partnership (“SRB Offshore”). BCA is the general partner of SRB Management, L.P., a Texas limited partnership, which is the general partner of SRBGC, SRBQP and SRB Offshore (collectively, the “Funds”). Steven R. Becker is the sole principal of BCA and exercises sole dispositive control over all securities of the Company held by the Funds.
(b) BCA may elect to sell through various executing brokers from time to time.
(c) The aggregate market value is based on the $0.24 closing sale price of a share of common stock of the Company on February 5, 2007.
(d) As part of a private placement by the Company on July 8, 2005, the Funds, in the aggregate, acquired a $1,000,000 Senior Convertible Note (the “Note”) and a warrant to acquire additional shares of common stock (the “Warrant”). The total cash consideration paid for the Note and the Warrant was $1,000,000. The Note was initially convertible at a fixed conversion rate of $0.10 per share, subject to customary adjustments. The Warrant initially provided the right to acquire up to 4,000,000 shares of common stock at a purchase price of $0.15 per share, subject to customary adjustments.
 
INSTRUCTIONS:
ATTENTION:
See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.
 
 
February 6, 2007
 
 
Steven R. Becker, on behalf of BCA and the Funds
/s/ Steven R. Becker
 
DATE OF NOTICE
 
(SIGNATURE)

The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed.
Any copies not manually signed shall bear typed or printed signatures.

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)