3 1 sovcap_3.txt FORM 3
------ U.S. SECURITIES AND EXCHANGE COMMISSION ----------------------------- FORM 3 Washington, D.C. 20549 OMB APPROVAL ------ ----------------------------- OMB Number: 3235-0104 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Expires: January 31, 2005 Estimated average burden hours per response......0.5 ----------------------------- Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Date of Event 4. Issuer Name and Ticker or Trading Symbol Requiring Statement (Month/Day/Year) SovCap Equity Partners, Ltd. 6/7/02 The Tracker Corporation of America (TRKR) ---------------------------------------- ------------------------------------------------------------ (Last) (First) (Middle) 5. Relationship of Reporting 6. If Amendment, Date of Person(s) to Issuer Original (Check all applicable) (Month/Day/Year) Cumberland House, #27 Cumberland Street P.O. Box N-10818 ------------------------------------------------------------------------ [ ] Director [X] 10% Owner 7. Individual or Joint/ (Street) 3. IRS Identification Group Filing (Check Number of Reporting [ ] Officer [ ] Other Applicable Line) Person, if an entity (give title (Specify Nassau, New Providence, The Bahamas (voluntary) below) below) ---------------------------------------- [X] Form filed by One (City) (State) (Zip) Reporting Person [ ] Form Filed By More Than One Reporting Person ------------------------------------------------------------------------------------------------------------------------------------ Table I - Non-Derivative Securities Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect (Instr. 4) Beneficially Owned Direct (D) or Beneficial Ownership (Instr. 4) Indirect (I) (Instr. 5) (Instr. 5) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 101,253,037 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 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). (Over)
FORM 3 (continued) Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Date Exercisable 3. Title and Amount of Securities 4. Conversion or 5. Ownership 6. Nature of Security and Expiration Underlying Derivative Security Exercise Price Form of Indirect (Instr. 4) Date (Instr. 4) of Derivative Derivative Beneficial (Month/Day/Year) Security Security: Ownership Direct (D) (Instr. 5) or Indirect (I) (Instr. 5) -------------------------------------------------------- Date Expiration Title Amount Exer- Date or cisable Number of shares ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Purchase Warrants (1) Currently 8/14/04 Common Stock 200,000 $0.353 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Purchase Warrants (1) Currently 12/7/04 Common Stock 40,000 $0.168 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Purchase Warrants (1) 6/7/02 10/7/02 Common Stock 1,794,148,623 $0.001 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) The Issuer does not currently have sufficient authorized but unissued shares to issue to the Reporting Person any shares of common stock upon exercise of any of the foregoing warrants. In the event any of the Repricing Warrants are exercised at time when the Issuer does not have sufficient authorized but unissued common shares, any shares of common stock issuable upon such exercise will not be issued until such time, if ever, that stockholders of the Issuer approve an increases the authorized number of shares of common stock. SOVCAP EQUITY PARTNERS, LTD. By: /s/ Barry Herman July 18, 2002 ------------------------------- ------------- **Signature of Reporting Person Date ** 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 provided is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. Page 2