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 |
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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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Corporate Resource Services, Inc. [ CRRS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/11/2012 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 | 10/11/2012 | J(1) | 1,000,000 | A | $0.4355 | 1,000,000 | I | By Spruce Goose, Inc.(2) | ||
Common Stock | 05/08/2013 | J(1) | 500,000 | A | $0.4355 | 1,500,000 | I | By Spruce Goose, Inc.(2) | ||
Common Stock | 07/09/2013 | J(1) | 200,000 | A | $0.4355 | 1,700,000 | I | By Spruce Goose, Inc.(2) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,333 | 01/31/2013 | 01/31/2023 | Common Stock | 83,333 | (3) | 83,333 | I | By Spruce Goose, Inc.(2) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,333 | 02/28/2013 | 01/31/2023 | Common Stock | 83,333 | (3) | 166,666 | I | By Spruce Goose, Inc.(2) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,334 | 03/31/2013 | 01/31/2023 | Common Stock | 83,334 | (3) | 250,000 | I | By Spruce Goose, Inc.(2) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,333 | 04/30/2013 | 01/31/2023 | Common Stock | 83,333 | (3) | 333,333 | I | By Spruce Goose, Inc.(2) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,333 | 05/31/2013 | 01/31/2023 | Common Stock | 83,333 | (3) | 416,666 | I | By Spruce Goose, Inc.(2) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,334 | 06/30/2013 | 01/31/2023 | Common Stock | 83,334 | (3) | 500,000 | I | By Spruce Goose, Inc.(2) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,333 | 07/31/2013 | 01/31/2023 | Common Stock | 83,333 | (3) | 583,333 | I | By Spruce Goose, Inc.(2) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,333 | 08/31/2013 | 01/31/2023 | Common Stock | 83,333 | (3) | 616,666 | I | By Spruce Goose, Inc.(3) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,334 | 09/30/2013 | 01/31/2023 | Common Stock | 83,334 | (3) | 750,000 | I | By Spruce Goose, Inc.(2) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,333 | 10/13/2013 | 01/31/2023 | Common Stock | 83,333 | (3) | 833,333 | I | By Spruce Goose, Inc.(2) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,333 | 11/30/2013 | 01/31/2023 | Common Stock | 83,333 | (3) | 916,666 | I | By Spruce Goose, Inc.(2) | |||
Common Stock Options | $0.4355 | 10/12/2012 | J(3) | 83,334 | 12/31/2013 | 01/31/2023 | Common Stock | 83,334 | (3) | 1,000,000 | I | By Spruce Goose, Inc.(2) |
Explanation of Responses: |
1. Shares of Corporate Resource Services, Inc. (the "Company") common stock ("Common Stock") granted to Spruce Goose, Inc. ("Spruce Goose") as part of a consulting agreement between Spruce Goose and the Company (the "Consulting Agreement"). |
2. Spruce Goose is 50% owned by Mr. Altucher and Mr. Altucher that he disclaims beneficial ownership of the securities except to the extent of his ownership of Spruce Goose. |
3. Options granted to Spruce Goose to purchase Common Stock as part of the Consulting Agreement. |
Remarks: |
/s/ James Altucher | 08/16/2013 | |
** 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. |