| 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
QUERYOBJECT SYSTEMS CORP [ QOBJ ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/17/2008 | ||||||||||||||||||||||||||
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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 | 06/17/2008 | C | 1,924,683(1) | A | $0.003 | 4,698,741 | I | Held by Dalewood Associates, L.P. | ||
| Common Stock | 205,784 | D | ||||||||
| Common Stock | 799,229 | I | Held by EarlyBirdCapital, Inc. | |||||||
| Common Stock | 230,559 | I | Held by David M. Nussbaum | |||||||
| Common Stock | 20,578 | I | Held by Steven Levine | |||||||
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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 | ||||||||
| Senior Convertible Note | $0.003 | 06/17/2008 | C | $5,774.05(1) | 06/28/2007 | 05/19/2009 | Common Stock | 1,924,683 | $0 | $64,000 | I | Held by Dalewood Associates, L.P. | |||
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. On June 17, 2008, Dalewood Associates, L.P. converted $5,774.05 of accumulated interest on the Senior Convertible Note held by it into 1,924,683 shares of the Issuer's common stock at a conversion price of $.003 per share. |
| Remarks: |
| The reporting persons are: Firebrand Financial Group, Inc. ("FFGI"), EarlyBirdCapital, Inc. ("EBC"), Dalewood Associates, L.P. ("Dalewood LP"), David M. Nussbaum ("Nussbaum") and Steven Levine ("Levine"). FFGI is the majority shareholder of EBC Holdings, Inc. ("EBCH"). EBCH is the sole shareholder of EBC and the sole shareholder of Dalewood Associates, Inc. ("Dalewood Inc."). Dalewood Inc. is the general partner of Dalewood LP. Nussbaum is the Chairman of FFGI, EBCH, EBC and Dalewood Inc. Levine is the President and Chief Executive Officer of FFGI and EBCH, the Vice Chairman, Chief Executive Officer, President and Managing Director of Investment Banking of EBC and Chief Executive Officer of Dalewood Inc. Each reporting person herein disclaims beneficial ownership of the reported securities except to the extent of each reporting person's pecuniary interest therein. |
| /s/ Firebrand Financial Group, Inc., by Steven Levine, President | 06/18/2008 | |
| /s/ Dalewood Associates, L.P., by Dalewood Associates, Inc., General Partner, by Steven Levine, Chief Executive Officer | 06/18/2008 | |
| /s/ EarlyBirdCapital, Inc., by Steven Levine, Chief Executive Officer | 06/18/2008 | |
| /s/ David M. Nussbaum | 06/18/2008 | |
| /s/ Steven Levine | 06/18/2008 | |
| ** 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. | ||