8-K 1 ecosphere8k.htm CURRENT REPORT United States Securities & Exchange Commission EDGAR Filing


 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

______________

FORM 8-K

______________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):  April 10, 2007

______________

ECOSPHERE TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in Its Charter)

______________

Delaware

000-25663

65-0841549

(State or other jurisdiction
of incorporation)

(Commission
File No.)

(IRS Employer
Identification No.)

3515 S.E. Lionel Terrace
Stuart, FL 34997

(772) 287-4846

(Address and telephone number of principal executive offices)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 

 






Item 3.02

Unregistered Sales of Equity Securities

Ecosphere Technologies, Inc. has issued or authorized for issuance common stock as follows:

Name or Class

 

Date Issued

 

Date Authorized
If Not Yet Issued

 

Number
of
Securities

 

Reason for Issuance

Service provider

     

January 16, 2007

     

N/A

     

208,333

     

Partial consideration in
connection with a
Representation Agreement.

Finders

 

 

 

February 8, 2007

 

2,000,000

 

Finders fee in connection
with equipment lease.

Non-management
employee of Ecosphere

 

February 27, 2007

 

February 8, 2007

 

200,000

 

For services provided and
to be provided. 100,000
shares vested immediately
upon grant and 100,000
shares shall vest 12 months
from the date of grant,
subject to continued
employment.

Service provider

 

 

 

January 25, 2007

 

125,000

 

Partial consideration in
connection with a
marketing agreement.

Holders of
Ecosphere’s senior
convertible debentures

 

 

 

April 10, 2007

 

415,481

 

In lieu of paying cash
interest on senior
convertible debentures.

The securities referenced in this Item 3.02 were granted in reliance upon exemptions from registration pursuant to Section 4(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated thereto.



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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

ECOSPHERE TECHNOLOGIES, INC.

  

 

 

  

 

 

 

By:

/s/ JAMES C. RUSHING III

 

 

Chief Financial Officer

Date: April 12, 2007



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