X0205 3 2008-02-20 0 0000053500 NEW BASTION DEVELOPMENT, INC. NWBA 0001172937 BELLEN ELLIOT 11985 SOUTHERN BOULEVARD SUITE 191 ROYAL PALM BEACH FL 33411 1 1 1 0 CEO/PFO Common Stock $.10 Par Value 7505000 D Common Stock $.10 Par Value 4000000 I By Corporation Option (right to buy) Common Stock 2000000 D Other than disclosed in this Form 3, the reporting person has had no other transactions in the registrant's securities. On December 29, 2008, in connection with a share exchange transaction, the registrant canceled 15,750,000 shares of the registrant's common stock previously issued on February 20, 2008 to registrant's historical issuer in the share exchange transaction (the historical issuer was controlled by the reporting person). 2,000,000 shares were acquired on October 21, 2008; 1,505,000 shares were acquired on March 3, 2009 and 4,000,000 shares were authorized for issuance to the reporting person on February 24, 2012. 4,000,000 shares were issued on October 26, 2011 to a third party of which the reporting person has voting and disposition control over until such time that the shares vest to the third party. On May 16, 2011, the reporting person received an option to purchase up to 2,000,000 shares of common stock options that cliff vest 500,000 per year over four years with first vesting date on January 1, 2012. The options each have a term of one year from the vesting date and have exercise prices of $0.50, $1.00, $1.50 and $2.00 for each 500,000 that vest, respectively. Elliot Bellen 2012-05-23