FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 05/22/2009 |
3. Issuer Name and Ticker or Trading Symbol
AMERICAN DEFENSE SYSTEMS INC [ EAG ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) 05/22/2009 |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock (no par value) | 224,900 | D | |
Common Stock (no par value) | 1,870,000 | D(1) | |
Common Stock (no par value) | 8,047,394 | I | Owned by Anthony Piscitelli(2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. West Coast Opportunity Fund, LLC (the "Fund") was issued stock dividends on May 22, 2009 which are exempt from Section 16 as they were pro rata distributions of shares to all holders of Series A shares and there was more than one holder. There is no duty to report these shares. |
2. The Fund entered into an Irrevocable Proxy and Voting Agreement with Anthony Piscitelli on May 22, 2009 which grants the Fund the shares of power to vote or direct the vote of 8,047,394 shares held by Anthony Piscitelli, the CEO of Issuer. |
Remarks: |
West Coast Asset Management, Inc. (the "Investment Manager") is the Investment Manager of the Fund. Atticus Lowe, Lance Helfert and Paul Orfalea serve on the investment committee of the Investment Manager. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose. The Reporting Persons are filing this Form 3/A to revise the primary filer to West Coast Opportunity Fund, LLC in order to be consistent with related filings and to accurately reflect that the Fund is the direct owner of the shares reported herein, with the exception of those shares that may be deemed as indirectly owned. |
West Coast Opportunity Fund, LLC, By: West Coast Asset Management, Inc. By: Diana Pereira Chief Financial Officer | 06/02/2009 | |
West Coast Asset Management, Inc. By: Diana Pereira, Chief Financial Officer | 06/02/2009 | |
Atticus Lowe By: Diana Pereira by Power of Attorney | 06/02/2009 | |
Lance Helfert By: Diana Pereira by Power of Attorney | 06/02/2009 | |
Paul Orfalea By: Diana Pereira by Power of Attorney | 06/02/2009 | |
** 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 5 (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. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |