SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MALAMAS STRATO
(Last) (First) (Middle)
4750 TABLE MESA DRIVE
(Street)
BOULDER CO 80305
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
eCrypt Technologies, Inc. [ ECRY ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2010
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/24/2010 P 2,000 A $0.55 20,845,517 I See Footnotes(1)(2)(3)
Common Stock 03/05/2010 P 39,557(4) A $0.81 20,845,517 I See Footnotes(1)(2)(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The figure in the chart includes 16,039,557 shares of common stock in eCrypt Technologies, Inc. owned by Global Capital Partners, LLC, of which Strato Malamas may be deemed the beneficial owner. Mr. Malamas owns 100% of Global Capital Partners, LLC. As such Mr. Malamas is in a position to determine the investment and voting decisions of Global Capital Partners, LLC. Mr. Malamas may be deemed to indirectly beneficially own the shares of common stock of eCrypt Technologies, Inc. owned by Global Capital Partners, LLC.
2. The figure in the chart includes 4,800,000 shares of common stock in eCrypt Technologies, Inc., owned by Nicole Malamas, of which Strato Malamas may be deemed the beneficial owner. Strato Malamas declares that the filing of the foregoing statement shall not be deemed an admission that Mr. Malamas is, for the purpose of Section 16 of the Securities Exchange Act of 1934, the beneficial owner of any equity securities covered by the foregoing statement.
3. The figure in the chart includes 5,960 shares of common stock of the Issuer owned by Coast Mountain Aviation, Inc., of which Strato Malamas may be deemed the beneficial owner. Mr. Malamas owns 100% of Coast Mountain Aviation, Inc. As such Mr. Malamas is in a position to determine the investment and voting decisions of Coast Mountain Aviation, Inc. Mr. Malamas may be deemed to be the indirectly beneficially own the shares of common stock of the Issuer owned by Coast Mountain Aviation Inc.
4. On July 2, 2007, Global Capital Partners, LLC (Global) entered into a Convertible Debenture (the Debenture) with the eCrypt pursuant to which Global loaned eCrypt $23,800. On February 26, 2010, the parties amended the Debenture. Pursuant to the terms of the Debenture, the principle and interest due and owing under the Debenture was convertible into common stock at a conversion price of $.81 per share. On March 5, 2010, Global exercised its conversion rights and converted the outstanding principal and interest due under the Debenture totaling US $32,041.43 into 39,557 shares of common stock. As a result of the conversion, Global no longer has any beneficial ownership interest in any derivative securities of eCrypt. Strato Malamas owns 100% of Global and is in a position to determine the investment and voting decisions of Global Capital and may be deemed to indirectly beneficially own the shares of common stock of eCrypt owned by Global.
/s/Gary S. Joiner, Esq., Attorney in Fact 04/21/2010
** 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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.