-----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, WoOTy5SXTi58FS6E+hByuU7e+asISe3WdZWn/oPd6aVeN4WFFQ0ez2LIpF7jDyb0 P4gZKOszVaY84fS8JwLfbA== 0001094328-07-000029.txt : 20070418 0001094328-07-000029.hdr.sgml : 20070418 20070417173327 ACCESSION NUMBER: 0001094328-07-000029 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070418 DATE AS OF CHANGE: 20070417 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PIRONTI GEORGE RAYMOND JR CENTRAL INDEX KEY: 0001381869 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: BUSINESS PHONE: 8134042804 MAIL ADDRESS: STREET 1: 3959 VAN DYKE ROAD, #152 CITY: LUTZ STATE: FL ZIP: 33558 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WORLD AM, INC. CENTRAL INDEX KEY: 0001107522 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 900142757 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-59197 FILM NUMBER: 07771835 BUSINESS ADDRESS: STREET 1: 4040 MACARTHUR BOULEVARD STREET 2: SUITE 240 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 9499555355 MAIL ADDRESS: STREET 1: 4040 MACARTHUR BOULEVARD STREET 2: SUITE 240 CITY: NEWPORT BEACH STATE: CA ZIP: 92660 FORMER COMPANY: FORMER CONFORMED NAME: WORLD AM COMMUNICATIONS INC DATE OF NAME CHANGE: 20000516 SC 13D 1 pironti1321041707.txt U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ) WORLD AM, INC. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 98142E-50-8 (CUSIP Number) Robert A. Hovee, CEO World Am, Inc. 4040 MacArthur Boulevard, Suite 240 Newport Beach, California 92660 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 4, 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 which is the subject of this Schedule 13C, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box [ ]. 1. Names of Reporting Persons. S.S or I.R.S. Identification Nos. of Above Persons (entities only): G. Raymond Pironti, Jr. 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): OO 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): _____________________________________________________________________ 6. Citizenship or Place of Organization: United States Number of Shares Beneficially Owned by Each Reporting Person With: 7. Sole Voting Power: 26,274,194 8. Shared Voting Power: 0 9. Sole Dispositive Power: 26,274,194 10. Shared Dispositive Power: 0 11. Aggregate Amount Beneficially Owned by the Reporting Persons (combined): 26,274,194 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares: _______ 13. Percent of Class Represented by Amount in Row (11): 15.51% 14. Type of Reporting Person: IN ITEM 1. SECURITY AND ISSUER. World Am, Inc. Common Stock, $0.0001 par value 4040 MacArthur Boulevard, Suite 240 Newport Beach, California 92660 ITEM 2. IDENTITY AND BACKGROUND. (a) Name: G. Raymond Pironti, Jr. (b) Address: 3959 Van Dyke Road, #152, Lutz, Florida 33558 (c) Occupation: Investor. (d) During the last five years, such person has not been convicted in a criminal proceeding. (e) During the last five years, such person was a not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction (f) Citizenship: United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. On February 4, 2005, the Issuer issued a warrant to Mr. Pironti in connection with the transaction described in Item 6 below. On July 28, 2005, the Issuer granted an option to Mr. Pironti as described in Item 6 below. ITEM 4. PURPOSE OF TRANSACTION. See Item 3 above. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) 26,274,194 shares owned by Mr. Pironti under the beneficial ownership rules of the Securities and Exchange Commission (the option for 3,774,194 shares of common stock is exercisable at any time on and after January 29, 2006; and the warrants for 22,500,000 shares of common stock are exercisable at any time on and after February 5, 2005). This amount represents, as of February 4, 2006, 15.51% of the outstanding common stock of the Issuer (taking into account the option for 3,774,194 shares and the warrants for 22,500,000 shares, together with the 143,167,959 shares of common stock outstanding on February 4, 2006). (b) Mr. Pironti has sole voting and dispositive power with respect to the 26,275,194 shares reported. (c) Transactions in the class of securities reported on that were effected during the past sixty days or since the most recent filing of Schedule 13D, whichever is less: None. (d) No other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. (e) If applicable, state the date on which the reporting person ceased to be the beneficial owner of more than five percent of the class of securities: Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. (a) On February 4, 2005, the Issuer sold three units through a private offering to Mr. Pironti. Each unit included a warrant that entitled the holder to acquire a specific number of shares of the Issuer's common stock. According to the provisions of the warrants, the holder has the right and privilege to purchase a number of fully paid and non-assessable shares of the Issuer's common stock at any time through February 4, 2008. The number of shares underlying the warrants is obtained by dividing the purchase price of three units by the lowest reported bid price of the Issuer's common stock during the 365-day period following the commencement of the pricing period (February 4, 2005); this number was fixed at 22,500,000 shares on February 4, 2006 (15,000,000 shares plus 7,500,000 shares based on the 1 for 2 stock dividend on August 15, 2005). These warrants are exercisable at $0.0025 per share. (b) On July 28, 2005, the Issuer granted Mr. Prionti a warrant to purchase 2,516,129 shares of common stock for services rendered to the Company (this number was adjusted to 3,774,194 based on the stock dividend discussed above). This warrant was exercisable beginning on January 29, 2006 for a period of four years thereafter at an exercise price of 10% of the closing price on the date of exercise. 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 above information set forth in this statement is true, complete and correct. G. Raymond Pironti, Jr. Date: April 5, 2007 /s/ G. Raymond Pironti, Jr. -----END PRIVACY-ENHANCED MESSAGE-----