SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* ZINGAREVICH BORIS (Last) (First) (Middle) C/O ENER1, INC. 1540 BROADWAY, SUITE 25C (Street) NEW YORK NY 10036 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 06/01/2010	3. Issuer Name and Ticker or Trading Symbol ENER1 INC [ HEV ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 par value per share	64,419,409	I	By Ener1 Group, Inc.(1)
Common Stock, $0.01 par value per share	3,813,710	I	By Bzinfin S.A.(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant (right to buy common stock from Issuer)	06/30/2006	06/30/2011	Common Stock	2,398,464	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	06/30/2006	06/30/2011	Common Stock	1,285,714	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	09/30/2006	09/30/2011	Common Stock	1,285,714	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	02/13/2007	02/13/2012	Common Stock	1,285,714	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	02/13/2007	02/13/2012	Common Stock	1,171,429	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	05/21/2007	05/21/2012	Common Stock	1,697,143	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	06/29/2007	06/29/2012	Common Stock	1,103,429	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	08/07/2007	08/07/2012	Common Stock	514,286	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	09/28/2007	09/28/2012	Common Stock	1,200,000	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	11/05/2007	11/05/2012	Common Stock	634,042	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	11/14/2007	11/14/2012	Common Stock	182,857	$2.1	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	11/14/2007	08/14/2012	Common Stock	87,483	$2.8	I	By Ener1 Group, Inc.(1)
Warrant (right to buy common stock from Issuer)	03/26/2008	03/26/2013	Common Stock	142,858	$5.95	I	By Ener1 Group, Inc.(1)
Convertible Line of Credit(2)	(2)	(2)	Common Stock	8,090,923(2)	$2.1(2)	I	By Bzinfin S.A.(1)
Option (right to buy common stock from Ener1 Group, Inc.)	07/26/2007	07/26/2012	Common Stock	3,400,000	$2.1	I	By Bzinfin S.A.(1)
Option (right to buy common stock from Ener1 Group, Inc.)	10/01/2007	10/01/2012	Common Stock	12,542,763	$2.1	I	By Bzinfin S.A.(1)
Option (right to buy common stock from Ener1 Group, Inc.)	10/01/2007	10/01/2012	Common Stock	6,428,571	$0.7	I	By Bzinfin S.A.(1)
Option (right to buy common stock from Ener1 Group, Inc.)	10/01/2007	10/01/2012	Common Stock	425,714	$1.96	I	By Bzinfin S.A.(1)
Convertible Loan Restructuring Agreement(3)	(3)	(3)	Common Stock	34,881,878(3)	$2.1(3)	I	By Bzinfin S.A.(1)
Option (right to buy common stock from Ener1 Group, Inc.)	10/01/2007	10/01/2012	Common Stock	11,428,572	$2.1	I	By Bzinfin S.A.(1)
Warrant (right to buy common stock from Issuer)	10/11/2007	08/14/2012	Common Stock	2,187,085	$2.8	I	By Bzinfin S.A.(1)
Warrant (right to buy common stock from Issuer)	08/18/2009	08/18/2011	Common Stock	75,000	$8.25	I	By Bzinfin S.A.(1)
Warrant (right to buy common stock from Issuer)	12/29/2008	12/29/2010	Common Stock	1,250,000	$8.25	I	By Bzinfin S.A.(1)
Warrant (right to buy common stock from Issuer)	02/03/2009	02/03/2011	Common Stock	250,000	$8.25	I	By Bzinfin S.A.(1)
Warrant (right to buy common stock from Issuer)	03/19/2009	03/19/2011	Common Stock	50,000	$8.25	I	By Bzinfin S.A.(1)
Warrant (right to buy common stock from Issuer)	03/31/2009	03/31/2011	Common Stock	12,500	$8.25	I	By Bzinfin S.A.(1)
Warrant (right to buy common stock from Issuer)	04/08/2009	04/08/2011	Common Stock	50,000	$8.25	I	By Bzinfin S.A.(1)
Warrant (right to buy common stock from Issuer)	04/16/2009	04/16/2011	Common Stock	37,500	$8.25	I	By Bzinfin S.A.(1)
Warrant (right to buy common stock from Issuer)	05/06/2009	05/06/2011	Common Stock	75,000	$8.25	I	By Bzinfin S.A.(1)
Warrant (right to buy common stock from Issuer)	05/07/2009	05/07/2011	Common Stock	37,500	$8.25	I	By Bzinfin S.A.(1)

Explanation of Responses:

1. The Reporting Person may be deemed to beneficially own the securities reported herein by virtue of owning and controlling Bzinfin S.A., which in turn owns and controls Ener1 Group, Inc.

2. The Convertible Line of Credit dated July 26, 2007 is between Ener1 Group, Inc., as borrower, and Bzinfin S.A., as lender, under which the $16,990,937 of indebtedness is convertible into 8,090,923 shares of Issuer common stock held by Ener1 Group, Inc. at a conversion price of $2.10 per share.

3. The Convertible Loan Restructuring Agreement dated October 1, 2007 is between Ener1 Group, Inc., as borrower, and Bzinfin S.A., as lender, under which 75% of the outstanding indebtedness is convertible into shares of Issuer common stock held by Ener1 Group, Inc. at a conversion price of $2.10 per share. As of May 31, 2010, the outstanding indebtedness thereunder was $97,669,260, convertible into 34,881,878 shares of Issuer common stock.

Remarks:

This Form 3 is continued on the Reporting Person's other Form 3 filed simultaneously herewith.

	/s/ BORIS ZINGAREVICH	06/11/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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