0001104659-12-009824.txt : 20120214 0001104659-12-009824.hdr.sgml : 20120214 20120214172102 ACCESSION NUMBER: 0001104659-12-009824 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Picard Irving H. Trustee CENTRAL INDEX KEY: 0001513731 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: 45 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10111 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Abtech Holdings, Inc. CENTRAL INDEX KEY: 0001405858 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS METAL ORES [1090] IRS NUMBER: 141994102 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-85659 FILM NUMBER: 12612765 BUSINESS ADDRESS: STREET 1: 1223 BURROWHILL LANE CITY: MISSISSAUGA STATE: A6 ZIP: L5H 4M7 BUSINESS PHONE: 905-274-5231 MAIL ADDRESS: STREET 1: 1223 BURROWHILL LANE CITY: MISSISSAUGA STATE: A6 ZIP: L5H 4M7 FORMER COMPANY: FORMER CONFORMED NAME: Laural Resources, Inc. DATE OF NAME CHANGE: 20070706 SC 13G 1 a12-5079_1sc13g.htm SC 13G

 

 

 

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 


 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No.     )*

 

Abtech Holdings, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

00400H108

(CUSIP Number)

February 14, 2012

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in 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. 00400H108

 

 

1.

Names of Reporting Persons

Irving H. Picard, Trustee for the Substantively Consolidated Liquidation Proceedings of Bernard L. Madoff Investment Securities and Bernard L. Madoff

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

United States

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

3,194,270(1)

 

6.

Shared Voting Power

-0-

 

7.

Sole Dispositive Power

3,194,270

 

8.

Shared Dispositive Power

-0-

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

3,194,270

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)

6.8%(2)

 

 

12.

Type of Reporting Person (See Instructions)

00

 


(1)  Represents shares of common stock that may be acquired upon the conversion of Series A Preferred Stock and the subsequent conversion of those shares into common stock.

(2)  Based on 47,274,071 shares of common stock outstanding.  See Item 4.

 

2



 

CUSIP No. 00400H108

13G

 

 

Item 1(a).

Name of Issuer

Abtech Holdings, Inc.

 

Item 1(b).

Address of Issuer’s Principal Executive Offices

4110 North Scottsdale Road, Suite 235, Scottsdale, Arizona 85251

 

Item 2(a).

Name of Person Filing

Irving H. Picard, Trustee for the Substantively Consolidated Liquidation Proceedings of Bernard L. Madoff
Investment Securities and Bernard L. Madoff

 

 

Item 2(b).

Address of Principal Business Office or, if none, Residence

45 Rockefeller Plaza, New York, NY 10111

 

 

Item 2(c).

Citizenship

United States

 

 

Item 2(d).

Title of Class of Securities

Common Stock

 

 

Item 2(e).

CUSIP Number

00400H108

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

 

Not applicable

 

 

Item 4.

Ownership

 

(a)

Amount beneficially owned:   

 

The Reporting Persons may be deemed to beneficially own, in the aggregate, 3,194,270  shares of common stock, based on the 3,194,270 shares of common stock issuable upon the conversion of 600,000 Series A Preferred Stock.  The 3,194,270 shares of common stock deemed to be beneficially owned represent 6.8% of the Issuer’s outstanding shares of common stock (based upon 47,274,071 outstanding shares of common stock, which is the sum of (x) 44,079,801 shares of common stock stated to be outstanding as of March 15, 2011, as reported by the Issuer on a Form 10-K dated April 4, 2011, and (y) 3,194,270 shares of common stock that the Reporting Person has the right to acquire).

 

The Reporting Person also owns Convertible Debt that is not currently convertible, but may, under certain circumstances contained in the note and upon the Reporting Person’s election, be converted into 425,903 additional shares of common stock.

 

3



CUSIP No. 00400H108

 

 

 

 

(b)

Percent of class:   

 

6.8%, calculated as described above pursuant to Rule 13d-3(d)(1) of the Securities Exchange Act of 1934.

 

(c)

Number of shares as to which the person has:

 

 

(i)

Sole power to vote or to direct the vote   

 

3,194,270

 

 

(ii)

Shared power to vote or to direct the vote    

-0-

 

 

(iii)

Sole power to dispose or to direct the disposition of   

 

3,194,270

 

 

(iv)

Shared power to dispose or to direct the disposition of   

-0-

 

Item 5.

Ownership of Five Percent or Less of a Class

 

Not applicable

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

Not applicable

 

Item 8.

Identification and Classification of Members of the Group

 

Not applicable

 

Item 9.

Notice of Dissolution of Group

 

Not applicable

 

4



 

CUSIP No. 00400H108

 

 

 

Item 10.

Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purposes of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

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.

 

 

 

     February 14, 2012

 

 

  (Date)

 

 

 

 

 

 

 

By:

/s/ Irving H. Picard, Trustee for the Substantively Consolidated
Liquidation Proceedings of Bernard L. Madoff Investment Securities
and Bernard L. Madoff

 

 

                                (Signature)

 

 

 

 

 

 

 

 

Irving H. Picard, Trustee for the Substantively Consolidated
Liquidation Proceedings of Bernard L. Madoff Investment Securities
and Bernard L. Madoff

 

 

                                (Name/Title)

 

5