-----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, PrUlwW5bUoeMp9oUcZWd8tNtJjhgbJym/viZVZ11VpeuIThVJJCFrzRYIw+3BqZl 8dQPKzJo3rPDMiudTX/wEQ== 0001144204-08-015637.txt : 20080317 0001144204-08-015637.hdr.sgml : 20080317 20080317130057 ACCESSION NUMBER: 0001144204-08-015637 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080317 DATE AS OF CHANGE: 20080317 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RAPPAPORT RICHARD CENTRAL INDEX KEY: 0001283175 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: BUSINESS PHONE: 3108439300 MAIL ADDRESS: STREET 1: 1900 AVENUE OF THE STARS STREET 2: SUITE 301 CITY: LOS ANGELES STATE: CA ZIP: 90067 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SRKP 24 Inc CENTRAL INDEX KEY: 0001421523 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 261357886 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-83894 FILM NUMBER: 08692009 BUSINESS ADDRESS: STREET 1: 4737 NORTH OCEAN DRIVE STREET 2: SUITE 207 CITY: LAUDERDALE BY THE SEA STATE: FL ZIP: 33308 BUSINESS PHONE: 310 203 2902 MAIL ADDRESS: STREET 1: 4737 NORTH OCEAN DRIVE STREET 2: SUITE 207 CITY: LAUDERDALE BY THE SEA STATE: FL ZIP: 33308 SC 13D 1 v106943_sc13d.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 SRKP 24, Inc. (Name of Issuer) Common Stock, par value $.0001 per share (Title of Class of Securities) None (CUSIP Number) Richard Rappaport 1900 Avenue of the Stars, Suite 310 Los Angeles, CA 90067 (310) 203-2902 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 17, 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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. |_| 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). CUSIP No. None - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Richard Rappaport - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) (See item 3) PF - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization U.S.A. - -------------------------------------------------------------------------------- 7. Sole Voting Power 9,096,150 Number of ----------------------------------------------------------------- Shares Beneficially 8. Shared Voting Power Owned by Each ----------------------------------------------------------------- Reporting Person With 9. Sole Dispositive Power 9,096,150 ----------------------------------------------------------------- 10. Shared Dispositive Power - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 9,096,150 - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 78.12% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN Item 1. Security and Issuer. This Schedule 13D relates to the common stock, par value $.0001 per share (the "Common Stock") of SRKP 24, Inc., whose principal executive offices are located at 4737 North Ocean Drive, Suite 207, Lauderdale by the Sea, FL 33308 (the "Issuer"). Item 2. Identity and Background. (a) The name of the reporting person is Richard Rappaport (the "Reporting Person"). (b) The business address of the Reporting Person is 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067. (c) The Reporting Person's present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted is Chief Executive Officer of WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067. (d) During the last five years the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years the Reporting Person was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result was not or is not subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) The Reporting Person is a citizen of the U.S.A. Item 3. Source and Amount of Funds or Other Consideration. On October 11, 2007, the Reporting Person acquired directly from the Issuer 1,135,420 shares of Common Stock at an aggregate purchase price of $800.02 and a warrant (a "Warrant") to purchase 1,135,420 shares of Common Stock at an exercise price of $0.0001 per share, for an aggregate purchase price equal to $400.01. The source of funding for this purchase was personal funds. The Warrant is immediately exercisable and expires on the earlier of October 11, 2017 or five years from the date the Company consummates a merger or other business combination with an operating business or any other event pursuant to which the Issuer ceases to be a "shell company," as defined by Rule 12b-2 under the Securities Exchange Act of 1934 and a "blank check company," as defined by Rule 419 of the Securities Act of 1933. On October 11, 2007, the Amanda Rappaport Trust and the Kailey Rappaport Trust (together, the "Rappaport Trusts") each acquired directly from the Issuer 319,338 shares of Common Stock at a purchase price equal to $225.01 and a Warrant to purchase 319,338 shares of Common Stock at an exercise price of $0.0001 per share, for a purchase price equal to $112.50. The source of funding for these purchases was working capital. The Reporting Person serves as the sole Trustee of the Rappaport Trusts. He may be deemed indirect beneficial owner of these securities since he has sole voting and investment control over the shares of Common Stock and the Warrants. On October 11, 2007, WestPark Capital Financial Services, LLC ("WestPark") acquired directly from the Issuer 2,773,979 shares of Common Stock at an aggregate purchase price of $1,954.55 and a Warrant to purchase 2,773,979 shares of Common Stock at an exercise price of $0.0001 per share, for an aggregate purchase price equal to $977.27. The source of funding for this purchase was working capital. The Reporting Person serves as the Chief Executive Officer ("CEO") and Chairman of WestPark. He may be deemed indirect beneficial owner of these securities since he has sole voting and investment control over the shares of Common Stock and the Warrant. Item 4. Purpose of Transaction. The Reporting Person and related parties purchased the 4,548,075 shares of Common Stock and the Warrants for investment purposes. Item 5. Interest in Securities of the Issuer. (a) The Reporting Person beneficially owns an aggregate of 9,096,150 shares of Common Stock, representing 78.12% of the outstanding shares of Common Stock (based upon 7,096,390 shares outstanding as of the date hereof). (b) The Reporting Person has the sole right to vote and dispose, or direct the disposition, of the 9,096,150 shares of Common Stock beneficially owned by the Reporting Person. (c) The 4,548,075 shares of Common Stock and the Warrants reported herein were acquired by the Reporting Person effective October 11, 2007. (d) Other than the Reporting Person, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the 9,096,150 shares of Common Stock beneficially owned by the Reporting Person. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Item 7. Material to Be Filed as Exhibits. None. 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. March 17, 2008 /s/ Richard Rappaport --------------------------------------- Richard Rappaport -----END PRIVACY-ENHANCED MESSAGE-----