0001144204-11-061856.txt : 20111108
0001144204-11-061856.hdr.sgml : 20111108
20111108095209
ACCESSION NUMBER: 0001144204-11-061856
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111104
FILED AS OF DATE: 20111108
DATE AS OF CHANGE: 20111108
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Lightyear Network Solutions, Inc.
CENTRAL INDEX KEY: 0001130888
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
IRS NUMBER: 911829866
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1901 EASTPOINT PARKWAY
CITY: LOUISVILLE
STATE: KY
ZIP: 40223
BUSINESS PHONE: 502-244-6666
MAIL ADDRESS:
STREET 1: 1901 EASTPOINT PARKWAY
CITY: LOUISVILLE
STATE: KY
ZIP: 40223
FORMER COMPANY:
FORMER CONFORMED NAME: LIBRA ALLIANCE CORP
DATE OF NAME CHANGE: 20001228
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LY Holdings, LLC
CENTRAL INDEX KEY: 0001462851
STATE OF INCORPORATION: KY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-32451
FILM NUMBER: 111186495
BUSINESS ADDRESS:
STREET 1: 1901 EASTPOINT PARKWAY
CITY: LOUISVILLE
STATE: KY
ZIP: 40223
BUSINESS PHONE: 5022446666
MAIL ADDRESS:
STREET 1: 1901 EASTPOINT PARKWAY
CITY: LOUISVILLE
STATE: KY
ZIP: 40223
4
1
form445537_20111108095208-.xml
X0304
4
2011-11-04
0
0001130888
Lightyear Network Solutions, Inc.
LYNS
0001462851
LY Holdings, LLC
201 EAST MAIN STREET
SUITE 1000
LEXINGTON
KY
US 40507
0
0
1
0
Convertible Preferred Stock, stated value $2.00 per share
2011-11-04
4
H
0
9500000
D
Common Stock, $0.001 par value
9500000
0
D
On November 4, 2011, in a transaction approved by the Issuer's Board of Directors, the Reporting Person and the Issuer entered into an Intercompany Obligations Settlement Agreement whereby the Reporting Person surrendered to the Issuer its 9,500,000 shares of the Issuer's convertible preferred stock and its right to $2,232,110 in accrued but undeclared and unpaid dividends on its preferred stock in full satisfaction of $12,899,980 of the Reporting Person's indebtedness to the Issuer. The Issuer's preferred stock was convertible into Issuer common stock on a 1-for-1 basis at the holder's option or upon the occurrence of events relating to a secondary public offering, stock price or trading volume or conversion of other preferred shares.
W. Brent Rice, Member/Manager
2011-11-08