SEC FORM 4

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

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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^*

Rhodes John D

(Last)

(First)

(Middle)

124 NORTH FIRST STREET

(Street)

LOUISVILLE

40202

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BEACON ENTERPRISE SOLUTIONS GROUP INC [ BEAC.OB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2008

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock, par value $0.001 per share								300,000	D
Series B convertible preferred stock, $1,000 stated value	07/14/2008	07/14/2008	P		400	A	$400,000	400	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Bridge Warrants	$1							12/20/2007	12/20/2012	Common stock, par value $0.001 per share	125,000		125,000	D
Convertible Note	$0.6							12/20/2007	06/30/2010	Common stock, par value $0.001 per share	166,667		166,667	D
Bridge Warrants	$1	02/15/2008	02/15/2008	A		2,000		02/15/2008	06/30/2012	Common stock, par value $0.001 per share	2,000	$1	127,000	D⁽¹⁾
Bridge Warrants	$1	03/15/2008	03/15/2008	A		2,000		03/15/2008	06/30/2012	Common stock, par value $0.001 per share	2,000	$1	129,000	D⁽¹⁾
Bridge Warrants	$1	04/15/2008	04/15/2008	A		2,000		04/15/2008	06/30/2012	Common stock, par value $0.001 per share	2,000	$1	131,000	D⁽¹⁾
Bridge Warrants	$1	05/15/2008	05/15/2008	A		2,000		05/15/2008	06/30/2012	Common stock, par value $0.001 per share	2,000	$1	133,000	D⁽¹⁾
Bridge Warrants	$1	06/15/2008	06/15/2008	A		2,000		06/15/2008	06/30/2012	Common stock, par value $0.001 per share	2,000	$1	135,000	D⁽¹⁾
Bridge Warrants	$1	07/15/2008	07/15/2008	A		2,000		07/15/2008	06/30/2012	Common stock, par value $0.001 per share	2,000	$1	137,000	D⁽¹⁾
Bridge Warrants	$1	08/15/2008	08/15/2008	A		2,000		08/15/2008	06/30/2012	Common stock, par value $0.001 per share	2,000	$1	139,000	D⁽¹⁾
Bridge Warrants	$1	09/15/2008	09/15/2008	A		2,000		09/15/2008	06/30/2012	Common stock, par value $0.001 per share	2,000	$1	141,000	D⁽¹⁾
Bridge Warrants	$1	10/15/2008	10/15/2008	A		2,000		10/15/2008	06/30/2012	Common stock, par value $0.001 per share	2,000	$1	143,000	D⁽¹⁾
Bridge Warrants	$1	11/15/2008	11/15/2008	A		2,000		11/15/2008	06/30/2012	Common stock, par value $0.001 per share	2,000	$1	145,000	D⁽¹⁾
Bridge Warrants	$1	11/20/2008	11/20/2008	A		28,000		11/20/2008	06/30/2012	Common stock, par value $0.001 per share	28,000	$1	173,000	D⁽¹⁾⁽²⁾
Equity financing arrangment warrants	$1	06/15/2008	06/15/2008	A		33,333		06/15/2008	06/15/2013	Common stock, par value $0.001 per share	33,333	$1	33,333	D⁽³⁾
Equity financing arrangment warrants	$1	07/15/2008	07/15/2008	A		33,333		07/15/2008	07/15/2013	Common stock, par value $0.001 per share	33,333	$1	66,666	D⁽³⁾
Equity financing arrangment warrants	$1	08/15/2008	08/15/2008	A		33,333		08/15/2008	08/15/2013	Common stock, par value $0.001 per share	33,333	$1	99,999	D⁽³⁾
Equity financing arrangment warrants	$1	08/19/2008	08/19/2008	A		100,000		08/19/2008	08/19/2013	Common stock, par value $0.001 per share	100,000	$1	199,999	D⁽⁴⁾
Equity financing arrangment warrants	$1	09/15/2008	09/15/2008	A		33,333		09/15/2008	09/15/2013	Common stock, par value $0.001 per share	33,333	$1	233,332	D⁽³⁾
Equity financing arrangment warrants	$1	10/15/2008	10/15/2008	A		33,333		10/15/2008	10/15/2013	Common stock, par value $0.001 per share	33,333	$1	266,665	D⁽³⁾
Equity financing arrangment warrants	$1	11/15/2008	11/15/2008	A		33,333		11/15/2008	11/15/2013	Common stock, par value $0.001 per share	33,333	$1	299,998	D⁽³⁾
Equity financing arrangment warrants	$1	12/15/2008	12/15/2008	A		33,333		12/15/2008	12/15/2013	Common stock, par value $0.001 per share	33,333	$1	333,331	D⁽³⁾
Investor Warrants	$1.2	07/14/2008	07/14/2008	A		200,000		07/14/2008	07/14/2013	Common stock, par value $0.001 per share	200,000	$1.2	200,000	D
Series B Convertible Preferred Stock	$0.9	07/14/2008	07/14/2008	A/K		444,444		07/14/2008	07/14/2013	Common stock, par value $0.001 per share	444,444	$0.9	444,444	D

Explanation of Responses:

1. The contingent bridge warrants are earned in conjunction with the callable convertible bridge notes as long as the holder does no call the note or upon conversion to common stock.

2. Contingent bridge warrants were earned in their entirety when the bridge not holder agreed to forebear calling the note until on or after June 30, 2010.

3. Equity financing arrangement warrants were earned in connection with an agreement to provide up to $500,000 of equity financing on a monthly basis as of the anniversary date of the commitment.

4. Equity financing arrangement warrants were earned in connection with an arrangement to provide an additional $2,500,000 of equity financing.

Remarks:

	Robert Mohr as attorney-in-fact for John D. Rhodes III	12/30/2008
	** 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).
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