Sheervision, Inc. - Amended Statement of Changes in Beneficial Ownership (4/A)
02 August 2008 - 12:16AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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
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1. Name and Address of Reporting Person
*
LEWSADDER SUZANNE
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2. Issuer Name
and
Ticker or Trading Symbol
SHEERVISION, INC.
[
SVSO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
__
X
__ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
CEO and Treasurer
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(Last)
(First)
(Middle)
4030 PALOS VERDES DRIVE N., SUITE 104
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3. Date of Earliest Transaction
(MM/DD/YYYY)
3/20/2008
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(Street)
ROLLING HILLS, CA 90274
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
3/24/2008
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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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)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Options
(1)
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$0.22
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3/20/2008
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J
(1)
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200000
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(1)
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3/20/2013
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Common Stock
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200000
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$0.22
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0
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D
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Options
(2)
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$0.22
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3/20/2008
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J
(2)
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200000
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(2)
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3/20/2013
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Common Stock
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200000
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$0.22
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0
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I
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See Footnote
(2)
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Explanation of Responses:
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(
1)
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On March 20, 2008, the reporting person was granted options to acquire 200,000 shares of the Issuer's common stock, 100,000
vesting on the date of grant and the remaining 100,000 vesting on December 31, 2008. The reporting person declined to accept
the grant prior to issuance.
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(
2)
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On March 20, 2008, the reporting person's spouse, Jeffrey Lewsadder, was granted options to acquire 200,000 shares of the
Issuer's common stock, 100,000 vesting on the date of grant and the remaining 100,000 vesting on December 31, 2008. Mr.
Lewsadder declined to accept the grant prior to issuance.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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LEWSADDER SUZANNE
4030 PALOS VERDES DRIVE N.
SUITE 104
ROLLING HILLS, CA 90274
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X
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X
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CEO and Treasurer
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Signatures
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/s/ Suzanne Lewsadder
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8/1/2008
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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 control number.
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