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*
HENDERSON J SHERMAN III

(Last) (First) (Middle)
124 NORTH FIRST STREET

(Street)
LOUISVILLE KY 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)
03/01/2010
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, par value $.0.001 per share 1,000,000 D
Common stock, par value $.0.001 per share 30,000 I See Footnotes(1)
Common stock, par value $.0.001 per share 03/01/2010 P 5,000 A $1.29 1,005,000 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Bridge Warrants $1 12/20/2007 12/20/2012 Common stock, par value $0.001 per share 312,500 312,500 I See Footnotes(2)
Convertible Note $0.6 12/20/2007 06/30/2012 Common stock, par value $.0.001 per share 416,667 416,667 I See Footnotes(2)
Bridge Warrants $1 02/15/2008 02/15/2008 A 5,000 02/15/2008 06/30/2012 Common stock, par value $.0.001 per share 5,000 $1 317,500 I See Footnotes(2)(3)
Bridge Warrants $1 03/15/2008 03/15/2008 A 5,000 03/15/2008 06/30/2012 Common stock, par value $.0.001 per share 5,000 $1 322,500 I See Footnotes(2)(3)
Bridge Warrants $1 04/15/2008 04/15/2008 A 5,000 04/15/2008 06/30/2012 Common stock, par value $.0.001 per share 5,000 $1 327,500 I See Footnotes(2)(3)
Bridge Warrants $1 05/15/2008 05/15/2008 A 5,000 05/15/2008 06/30/2012 Common stock, par value $.0.001 per share 5,000 $1 332,500 I See Footnotes(2)(3)
Bridge Warrants $1 06/15/2008 06/15/2008 A 5,000 06/15/2008 06/30/2012 Common stock, par value $.0.001 per share 5,000 $1 337,500 I See Footnotes(2)(3)
Bridge Warrants $1 07/15/2008 07/15/2008 A 5,000 07/15/2008 06/30/2012 Common stock, par value $.0.001 per share 5,000 $1 342,500 I See Footnotes(2)(3)
Bridge Warrants $1 08/15/2008 08/15/2008 A 5,000 08/15/2008 06/30/2012 Common stock, par value $.0.001 per share 5,000 $1 347,500 I See Footnotes(2)(3)
Bridge Warrants $1 09/15/2008 09/15/2008 A 5,000 09/15/2008 06/30/2012 Common stock, par value $.0.001 per share 5,000 $1 352,500 I See Footnotes(2)(3)
Bridge Warrants $1 10/15/2008 10/15/2008 A 5,000 10/15/2008 06/30/2012 Common stock, par value $.0.001 per share 5,000 $1 357,500 I See Footnotes(2)(3)
Bridge Warrants $1 11/15/2008 11/15/2008 A 5,000 11/15/2008 06/30/2012 Common stock, par value $.0.001 per share 5,000 $1 362,500 I See Footnotes(2)(3)
Bridge Warrants $1 11/20/2008 11/20/2008 A 70,000 11/20/2008 06/30/2012 Common stock, par value $.0.001 per share 70,000 $1 432,500 I See Footnotes(2)(3)(4)
Equity Financing Arrangement Warrants $1 01/28/2008 01/28/2013 A 10,000 01/28/2008 01/28/2013 Common stock, par value $.0.001 per share 10,000 $1 10,000 I See Footnotes(2)(5)
Equity Financing Arrangement Warrants $1 02/28/2008 02/28/2013 A 10,000 02/28/2008 02/28/2013 Common stock, par value $.0.001 per share 10,000 $1 20,000 I See Footnotes(2)(5)
Equity Financing Arrangement Warrants $1 03/07/2008 03/07/2013 A 5,000 03/07/2008 03/07/2013 Common stock, par value $.0.001 per share 5,000 $1 25,000 I See Footnotes(2)(5)
Explanation of Responses:
1. Beneficially owned through LANJK.
2. Beneficially owned through SHEND LLC.
3. The contingent bridge warrants are earned in conjunction with the callable convertible bridge notes as long as the holder does not call the note or upon conversion to common stock.
4. Contingent bridge warrants were earned in their entirety when the bridge note holder agreed to forebear calling the note until on or after June 30, 2010.
5. Equity financing arrangement warrants were earned in connection with an arrangement to provide up to $300,000 of equity financing on a monthly basis as of the anniversary date of the commitment. The financing arrangement expired on March 7, 2008.
Remarks:
/s/ Robert Mohr as attorney-in-fact for J. Sherman Henderson 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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