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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
SECURECARE TECHNOLOGIES INC [ SCUC.OB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/19/2010 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 $.001 | 939,276 | D | ||||||||
Common Stock Per Value $.001 | 01/19/2010 | P | 6,100 | A | $0(6) | 1,254,173 | I | See Footnote(1) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 | ||||||||
Series A Warrants | $200 | 06/02/2004 | 06/01/2009 | Common Stock Par Value $.001 | 500 | 500 | I | See Footnote(2) | |||||||
Series A Warrants | $200 | 05/13/2004 | 05/12/2009 | Common Stock Par Value $.001 | 500 | 500 | I | See Footnote(2) | |||||||
Series B Warrants | $250 | 12/09/2004 | 12/08/2009 | Common Stock Par Value $.001 | 23 | 23 | D | ||||||||
Series B Warrants | $250 | 03/11/2005 | 03/10/2010 | Common Stock Par Value $.001 | 182 | 182 | I | See Footnote(3) | |||||||
Series B Warrants | $250 | 12/21/2004 | 12/20/2009 | Common Stock Par Value $.001 | 23 | 23 | I | See Footnote(3) | |||||||
Series B Warrants | $250 | 03/11/2005 | 03/10/2010 | Common Stock Par Value $.001 | 182 | 182 | I | See Footnote(3) | |||||||
Stock Purchase Warrants | $0.4(7) | 02/13/2007 | 02/12/2012 | Common Stock Par Value $.001 | 33,400 | 33,400 | I | See Footnote(4) | |||||||
Stock Purchase Warrants | $0.4(7) | 12/19/2006 | 12/20/2011 | Common Stock Par Value $.001 | 5,000 | 5,000 | I | See Footnote(4) | |||||||
Stock Purchase Warrants | $0.4(7) | 01/19/2007 | 01/18/2012 | Common Stock Par Value $.001 | 5,000 | 5,000 | I | See Footnote(4) | |||||||
Stock Purchase Warrants | $0.4(7) | 05/09/2007 | 05/08/2012 | Common Stock Par Value $.001 | 6,000 | 6,000 | I | See Footnote(4) | |||||||
Stock Option(5) | $0.75 | 07/29/2008 | A | 200,000 | 07/29/2008 | 07/29/2018 | Common Stock Par Value $.001 | 200,000 | $0 | 200,000 | D |
Explanation of Responses: |
1. 448,676 of these common stock shares are owned by The Joseph Trust, the undersigned is a Trustee of such Trust; 427,232 of these common stock shares are owned by Marldene Limited, the undersigned is a director of Marldene Limited; 177,035 of these common stock shares are owned by SLT Ltd. and Joseph and Betty Larter being the current trustees of the Marldene Directors Pension Scheme, the undersigned is a Trustee of SLT Ltd. and Joseph and Betty Larter being the current trustees of the Marldene Director's Pension Scheme; 201,230 of these common stock shares are owned by Marldene Limited Directors Pension Scheme, the undersigned is a Trustee of the Marldene Limited Directors Pension Scheme. |
2. 100,000 of the Series A Warrants, which convert to 500 shares of common stock are owned by The Joseph Trust, the undersigned is an Trustee of such Trust; 100,000 of the Series A Warrants, which convert to 500 shares of common stock are owned by SLT Ltd. and Joseph and Betty Larter being the current trustees of the Marldene Directors Pension Scheme, the undersigned is a Trustee of SLT Ltd. and Joseph and Betty Larter being the current trustees of the Marldene Director's Pension Scheme. |
3. 36,364 of the Series B Warrants, which convert to 182 shares of common stock are owned by Marldene Limited, the undersigned is a director of Marldene Limited; 40,909 of the Series B warrants, which convert to 205 shares of common stock are owned by SLT Ltd. and Joseph and Betty Larter being the current trustees of the Marldene Directors Pension Scheme, the undersigned is a Trustee of SLT Ltd. and Joseph and Betty Larter being the current trustees of the Marldene Director's Pension Scheme. |
4. 33,400 of the Stock Purchase Warrants, which convert to 33,400 shares of common stock are owned by The Joseph Trust, the undersigned is a Trustee of such Trust. 16,000 of the Stock Purchase Warrants, which convert to 16,000 shares of common stock are owned by SLT Ltd. and Joseph and Betty Larter being the current trustees of the Marldene Directors Pension Scheme, the undersigned is a Trustee of SLT Ltd. and Joseph and Betty Larter being the current trustees of the Marldene Director's Pension Scheme. |
5. The stock options vest 100% immediately on July 29, 2008. |
6. The reporting person, a trustee of the Marldene Limited Directors Pension Scheme, consented to the terms and conditions of the Company's note extension offer and in conjunction with the reporting person's consent $2,440 in accrued interest on certain notes payable was converted to 6,100 shares of common stock. The Company issued one share of common stock for each $0.40 in accrued interest converted. |
7. The exercise price of the stock purchase warrants was reduced to $.40 from $2.50 in exchange for the reporting person agreeing to the terms and conditions of the Company's note extension offer. |
Remarks: |
/s/ JOSEPH LARTER | 02/10/2010 | |
** 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. | ||
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. |