SC 13D/A 1 v043860_sc13da.htm
Securities and Exchange Commission
Washington, D.C. 20549
 
SCHEDULE 13D/A
(Amendment No. 2)
Under the Securities Exchange Act of 1934
 
 
Universal Capital Management, Inc.
  
   (Name of Issuer)
 
 
Common Stock, par value $.001 per share
  
    (Title of Class of Securities)
 
     
(CUSIP Number)
 
David M. Bovi
319 Clematis Street
Suite 700
West Palm Beach, Florida 33401
 
 
(561) 655-0665
  
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
 
May 16, 2006
 
(Date of Event which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.   o
 
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
1)
Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
 
David M. Bovi
2) Check the Appropriate Box if a Member of a Group
(a) ____________
(b) ____________
 
3)
SEC Use Only
 
4)
Source of Funds
 
5)
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) 
 
6)
Citizenship or Place of Organization
 
United States of America
 
Number of Shares
Beneficially Owned 
By Each Reporting 
 7)
Sole Voting Power
 
500,000
 
Person With       8) Shared Voting Power    
 
 
  9)
 
Sole Dispositive Power
 
 500,000
  10)
 
Shared Dispositive Power   
 
  
 
11)  Aggregate Amount Beneficially Owned by Each Reporting Person
500,000
 
 
12)
Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
 
o
 
13) Percent of Class Represented by Amount in Row (11)
9.41%
 
 
14)
Type of Reporting Persons (See Instructions)
 
IN
 
 
 
 
 
 
 
Item 1.    Security and Issuer.
 
The securities that are the subject of this statement are common stock, par value $.001 per share, of Universal Capital Management, Inc. (the “Issuer”). The Issuer’s principal executive offices are located at 2601 Annand Drive, Suite 16, Wilmington, Delaware 19808.

Item 2.    Identity and Background.
 
This statement is filed on behalf of David M. Bovi, a shareholder of the Issuer. Mr. Bovi’s address is 319 Clematis Street, Suite 700, West Palm Beach, Florida 33401.

During the last five years, Mr. Bovi was not convicted in a criminal proceeding, was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, and was not subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws.

Mr. Bovi is a citizen of the United States of America.
 
Item 4.    Purpose of Transaction.
 
Mr. Bovi was granted options to purchase 400,000 shares of the Issuer’s common stock on May 16, 2006 at an exercise price of $2.00 per share. The options expire on May 16, 2016.

Item 5.    Interest in Securities of the Issuer.
 
Mr. Bovi owns 100,000 shares of the Issuer’s common stock and options to purchase 400,000 shares of the Issuer’s common stock at an exercise price of $2.00 per share. Collectively, these securities represent 9.41% of the Issuer’s outstanding common stock at May 18, 2006 (based upon 4,916,134 shares outstanding on April 14, 2006 as reported in the Issuer’s Definitive Proxy Statement dated April 27, 2006, in addition to the number of options exercisable by Mr. Bovi within 60 days). Mr. Bovi has the sole power to vote and the sole power to dispose of such shares.

 
 
 

SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date: May 19, 2006 /s/ David M. Bovi  
  David M. Bovi