| 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
ECO2 PLASTICS INC [ ECOO.OB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/19/2008 | ||||||||||||||||||||||||||
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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 | 02/19/2008 | M | 4,173,913 | A | $0.12 | 4,173,913(1) | I | By Domingue Family Trust | ||
| Common stock | 02/19/2008 | M | 1,243,478 | A | $0.12 | 5,417,391(1) | I | By Domingue Family Trust | ||
| Common stock | 02/19/2008 | M | 1,616,522 | A | $0.12 | 7,033,913(1) | I | By Domingue Family Trust | ||
| Common stock | 02/19/2008 | M | 626,087 | A | $0.12 | 7,660,000(1) | I | By Domingue Family Trust | ||
| Common stock | 02/19/2008 | M | 312,750 | A | $0.06 | 7,972,750(1) | I | By Domingue Family Trust | ||
| Common stock | 02/19/2008 | M | 625,500 | A | $0.06 | 8,598,250(1) | I | By Domingue Family Trust | ||
| Common stock | 02/19/2008 | M | 1,251,000 | A | $0.06 | 9,849,250(1) | I | By Domingue Family Trust | ||
| Common stock | 02/19/2008 | M | 895,511 | A | $0.0975 | 10,744,761(1) | I | By Domingue Family Trust | ||
| Common stock | 02/19/2008 | M | 892,031 | A | $0.0975 | 11,636,792(1) | I | By Domingue Family Trust | ||
| Common stock | 02/19/2008 | M | 296,144 | A | $0.0975 | 11,932,936(1) | I | By Domingue Family Trust | ||
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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 | ||||||||
| Common Stock Warrants (Right to buy) | $0.12 | 02/19/2008 | M | 6,956,522 | 08/10/2007 | 07/07/2010 | Common stock | 4,173,913 | $0.12 | 0 | I | By Domingue Family Trust | |||
| Common Stock Warrant (Right to buy) | $0.12 | 02/19/2008 | M | 2,072,464 | 08/10/2007 | 07/07/2010 | Common stock | 1,243,478 | $0.12 | 0 | I | By Domingue Family Trust | |||
| Common Stock Warrants (Right to buy) | $0.12 | 02/19/2008 | M | 2,694,203 | 07/07/2007 | 07/07/2010 | Common stock | 1,616,522 | $0.12 | 0 | I | By Domingue Family Trust | |||
| Common Stock Warrants (Right to buy) | $0.12 | 02/19/2008 | M | 1,043,478 | 07/07/2007 | 07/07/2010 | Common stock | 626,087 | $0.12 | 0 | I | By Domingue Family Trust | |||
| Common Stock Warrants (Right to buy) | $0.06 | 02/19/2008 | M | 417,000 | 07/24/2007 | 04/15/2015 | Common stock | 312,750 | $0.06 | 0 | I | By Domingue Family Trust | |||
| Common Stock Warrants (Right to buy) | $0.06 | 02/19/2008 | M | 834,000 | 07/24/2007 | 04/15/2015 | Common stock | 625,500 | $0.06 | 0 | I | By Domingue Family Trust | |||
| Common Stock Warrants (Right to buy) | $0.06 | 02/19/2008 | M | 1,668,000 | 08/17/2007 | 04/15/2015 | Common stock | 1,251,000 | $0.06 | 0 | I | By Domingue Family Trust | |||
| 10% Convertible Note (Right to buy) | $0.0975 | 02/19/2008 | M | 599,628 | 04/26/2007 | 10/26/2007 | Common stock | (2) | $0.0975 | 0 | I | By Domingue Family Trust | |||
| Common Stock Warrants (Right to buy) | $0.06 | 04/03/2008 | M | 150,000 | 06/05/2006 | 04/15/2015 | Common stock | (2) | $0.06 | 0 | I | By Domingue Family Trust | |||
| 10% Convertible Note (Right to buy) | $0.0975 | 02/19/2008 | M | 589,744 | 06/05/2006 | 12/05/2007 | Common stock | (3) | $0.0975 | 0 | I | By Domingue Family Trust | |||
| Common Stock Warrants (Right to buy) | $0.06 | 02/19/2008 | M | 152,514 | 04/26/2007 | 04/15/2015 | Common stock | (3) | $0.06 | 0 | I | By Domingue Family Trust | |||
| 10% Convertible Note (Right to buy) | $0.0975 | 02/19/2008 | M | 199,074 | 05/10/2007 | 11/10/2008 | Common stock | (4) | $0.0975 | 0 | I | By Domingue Family Trust | |||
| Common Stock Warrants (Right to buy) | $0.06 | 02/19/2008 | M | 50,634 | 05/10/2007 | 04/15/2015 | Common stock | (4) | $0.06 | 0 | I | By Domingue Family Trust | |||
| Explanation of Responses: |
| 1. These shares are held indirectly by the Domingue Family Trust, of which the reporting person is a Trustee. |
| 2. The 10% Convertible Note for 599,628 shares and the Common Stock Warrant for 150,000 shares were converted as part of a combined note/warrant conversion, offered as an incentive by the issuer. As a result of the combined conversion, Domingue Family Trust was issued 895,511 common shares. |
| 3. The 10% Convertible Note for 589,744 shares and the Common Stock Warrant for 152,514 shares were converted as part of a combined note/warrant conversion, offered as an incentive by the issuer. As a result of the combined conversion, Domingue Family Trust was issued 892,031 common shares. The number of shares in the Common Stock Warrant was erroneously reported in a previous Form 4 as 132,637. |
| 4. The 10% Convertible Note for 199,074 shares and the Common Stock Warrant for 50,634 shares were converted as part of a combined note/warrant conversion, offered as an incentive by the issuer. As a result of the combined conversion, Domingue Family Trust was issued 296,144 common shares. |
| Ronald M. Domingue | 05/14/2008 | |
| ** 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. | ||