1
|
NAME OF REPORTING PERSON
|
|||
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
||||
River Charitable Remainder Unitrust f/b/o Isaac Blech
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
|
(a) o
|
||
(b) o
|
||||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
|
|||
OO
|
||||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS
|
o
|
||
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
New York
|
||||
7 | SOLE VOTING POWER | |||
NUMBER
|
|
|
||
OF
|
|
--0--
|
||
SHARES
|
8
|
SHARED VOTING POWER
|
||
BENEFICIALLY
|
||||
OWNED
|
|
3,125,000
|
||
BY
|
9
|
SOLE DISPOSITIVE POWER
|
||
EACH
|
||||
REPORTING
|
|
--0--
|
||
PERSON
|
10
|
SHARED DISPOSITIVE POWER
|
||
WITH
|
|
|||
|
3,125,000
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
3,125,000
|
||||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
|
o
|
||
CERTAIN SHARES
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
4.6%
|
||||
14
|
TYPE OF REPORTING PERSON
|
|||
OO
|
1
|
NAME OF REPORTING PERSON
|
|||
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
||||
West Charitable Remainder Unitrust
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
|
(a) o
|
||
(b) o
|
||||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
|
|||
OO
|
||||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS
|
o
|
||
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
New York
|
||||
7 | SOLE VOTING POWER | |||
NUMBER
|
|
|
||
OF
|
|
--0--
|
||
SHARES
|
8
|
SHARED VOTING POWER
|
||
BENEFICIALLY
|
||||
OWNED
|
|
18,750,000
|
||
BY
|
9
|
SOLE DISPOSITIVE POWER
|
||
EACH
|
||||
REPORTING
|
|
--0--
|
||
PERSON
|
10
|
SHARED DISPOSITIVE POWER
|
||
WITH
|
|
|||
|
18,750,000
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
18,750,000
|
||||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
|
o
|
||
CERTAIN SHARES
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
22.6%
|
||||
14
|
TYPE OF REPORTING PERSON
|
|||
OO
|
1
|
NAME OF REPORTING PERSON
|
|||
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
||||
Liberty Charitable Remainder Trust FBO Isaac Blech UAD 01/09/87
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
|
(a) o
|
||
(b) o
|
||||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
|
|||
OO
|
||||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS
|
o
|
||
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
New York
|
||||
7 | SOLE VOTING POWER | |||
NUMBER
|
|
|
||
OF
|
|
--0--
|
||
SHARES
|
8
|
SHARED VOTING POWER
|
||
BENEFICIALLY
|
||||
OWNED
|
|
18,750,000
|
||
BY
|
9
|
SOLE DISPOSITIVE POWER
|
||
EACH
|
||||
REPORTING
|
|
--0--
|
||
PERSON
|
10
|
SHARED DISPOSITIVE POWER
|
||
WITH
|
|
|||
|
18,750,000
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
18,750,000
|
||||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
|
o
|
||
CERTAIN SHARES
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
22.6%
|
||||
14
|
TYPE OF REPORTING PERSON
|
|||
OO
|
1
|
NAME OF REPORTING PERSON
|
|||
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
||||
Miriam Blech
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
|
(a) o
|
||
(b) o
|
||||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
|
|||
PF
|
||||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS
|
o
|
||
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
United States
|
||||
7 | SOLE VOTING POWER | |||
NUMBER
|
|
|
||
OF
|
|
3,125,000
|
||
SHARES
|
8
|
SHARED VOTING POWER
|
||
BENEFICIALLY
|
||||
OWNED
|
|
--0--
|
||
BY
|
9
|
SOLE DISPOSITIVE POWER
|
||
EACH
|
||||
REPORTING
|
|
3,125,000
|
||
PERSON
|
10
|
SHARED DISPOSITIVE POWER
|
||
WITH
|
|
|||
|
--0--
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
3,125,000
|
||||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
|
o
|
||
CERTAIN SHARES
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
4.6%
|
||||
14
|
TYPE OF REPORTING PERSON
|
|||
IN
|
1
|
NAME OF REPORTING PERSON
|
|||
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
||||
Isaac Blech
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
|
(a) o
|
||
(b) o
|
||||
3
|
SEC USE ONLY
|
|||
4
|
SOURCE OF FUNDS
|
|||
PF
|
||||
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS
|
o
|
||
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|||
United States
|
||||
7 | SOLE VOTING POWER | |||
NUMBER
|
|
|
||
OF
|
|
--0--
|
||
SHARES
|
8
|
SHARED VOTING POWER
|
||
BENEFICIALLY
|
||||
OWNED
|
|
40,625,000
|
||
BY
|
9
|
SOLE DISPOSITIVE POWER
|
||
EACH
|
||||
REPORTING
|
|
--0--
|
||
PERSON
|
10
|
SHARED DISPOSITIVE POWER
|
||
WITH
|
|
|||
|
40,625,000
|
|||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||
40,625,000
|
||||
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
|
o
|
||
CERTAIN SHARES
|
||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||
38.7%
|
||||
14
|
TYPE OF REPORTING PERSON
|
|||
IN
|
Item 1.
|
Security and Issuer.
|
Item 2.
|
Identity and Background.
|
(a), (f)
|
This Schedule 13D is being filed by (i) Isaac Blech (“Mr. Blech”), a natural person who is a United States citizen; (ii) Miriam Blech (“Ms. Blech”), a natural person who is a United States citizen and Mr. Blech’s spouse; (iii) River Charitable Remainder Unitrust f/b/o Isaac Blech, a trust formed under the laws of the state of New York (“River Trust”) and (iv) West Charitable Remainder Unitrust, a trust formed under the laws of the state of New York (“West Trust”); and (v) Liberty Charitable Remainder Trust FBO Isaac Blech UAD 01/09/87, a trust formed under the laws of the state of New York (“Liberty Trust”) (collectively, the “Reporting Persons”).
|
(b)
|
The business address of each of the Reporting Persons is 75 Rockefeller Plaza, 29th Floor, New York, NY 10019.
|
(c)
|
Mr. Blech and Ms. Blech are private investors.
|
(d), (e)
|
None of the Reporting Persons have, during the last five years, been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.
|
Item 3.
|
Source and Amount of Funds or Other Consideration.
|
|
(i)
|
issued and sold to Ms. Blech an aggregate of (A) 500 shares of the Series E Convertible Preferred Stock, $.001 par value, convertible into shares of the Issuer’s Common Stock (the “Series E Preferred Stock”); (B) a warrant to acquire 1,250,000 shares of Common Stock at an exercise price of $0.65 per share (the “A Warrants”); and (C) a warrant to acquire 625,000 shares of Common Stock at an exercise price of $1.00 per share (the “B Warrants,” together with the A Warrants, the “Warrants”) for a total purchase price of $500,000;
|
|
(ii)
|
issued and sold to River Trust an aggregate of (A) 500 shares of the Series E Preferred Stock; (B) a warrant to acquire 1,250,000 shares of Common Stock at an exercise price of $0.65 per share; and (C) a warrant to acquire 625,000 shares of Common Stock at an exercise price of $1.00 per share;
|
|
(iii)
|
issued and sold to West Trust an aggregate (A) 3,000 shares of the Series E Preferred Stock; (B) a warrant to acquire 7,500,000 shares of Common Stock at an exercise price of $0.65 per share; and (C) a warrant to acquire 3,750,000 shares of Common Stock at an exercise price of $1.00 per share; and
|
|
(iv)
|
issued and sold to Liberty Trust an aggregate of (A) 3,000 shares of the Series E Preferred Stock; (B) a warrant to acquire 7,500,000 shares of Common Stock at an exercise price of $0.65 per share; and (C) a warrant to acquire 3,750,000 shares of Common Stock at an exercise price of $1.00 per share;
|
Item 4.
|
Purpose of Transaction.
|
Item 5.
|
Interest in Securities of the Issuer.
|
(a), (b)
|
As of June 1, 2011, Ms. Blech beneficially owns 3,125,000 shares of Common Stock, representing approximately 4.6% of the shares of Common Stock outstanding, based upon the number of shares of Common Stock outstanding as provided in the Securities Purchase Agreement. Such beneficial ownership assumes the issuance of 1,250,000 shares of Common Stock issuable upon the conversion of the Series E Preferred Stock, 1,250,000 shares of Common Stock issuable upon exercise of the A Warrants and 625,000 shares of Common Stock issuable upon exercise of the B Warrants, as more fully described herein. Ms. Blech disclaims beneficial ownership of the Common Stock owned by Mr. Blech, River Trust, West Trust and Liberty Trust, except to the extent of her pecuniary interest therein.
|
|
Ms. Blech has the sole power to vote or direct the vote of 3,125,000 shares of Common Stock and has the sole power to dispose or direct the disposition of 3,125,000 shares of Common Stock.
|
|
As of June 1, 2011, Mr. Blech beneficially owns 40,625,000 shares of Common Stock, representing approximately 38.7% of the shares of Common Stock outstanding, based upon the number of shares of Common Stock outstanding as provided in the Securities Purchase Agreement. Such beneficial ownership assumes the issuance of 16,250,000 shares of Common Stock issuable upon the conversion of the Series E Preferred Stock, 16,250,000 shares of Common Stock issuable upon exercise of the A Warrants and 8,125,000 shares of Common Stock issuable upon exercise of the B Warrants, as more fully described herein, held by River Trust, West Trust and Liberty Trust. Mr. Blech disclaims beneficial ownership of the Common Stock owned by Ms. Blech, River Trust, West Trust and Liberty Trust, except to the extent of his pecuniary interest therein.
|
|
Mr. Blech has the shared power to vote or direct the vote of 40,625,000 shares of Common Stock and has the shared power to dispose or direct the disposition of 40,625,000 shares of Common Stock.
|
|
As of June 1, 2011, River Trust beneficially owns 3,125,000 shares of Common Stock, representing approximately 4.6% of the shares of Common Stock outstanding, based upon the number of shares of Common Stock outstanding as provided in the Securities Purchase Agreement. Such beneficial ownership assumes the issuance of 1,250,000 shares of Common Stock issuable upon the conversion of the Series E Preferred Stock, 1,250,000 shares of Common Stock issuable upon exercise of the A Warrants and 625,000 shares of Common Stock issuable upon exercise of the B Warrants, as more fully described herein. The beneficiaries of River Trust are Ms. Blech and Mr. Blech. The sole trustee is Mr. Blech, who has the sole voting and dispositive power of River Trust.
|
|
River Trust has the shared power to vote or direct the vote of 3,125,000 shares of Common Stock and has the shared power to dispose or direct the disposition of 3,125,000 shares of Common Stock.
|
|
As of June 1, 2011, West Trust beneficially owns 18,750,000 shares of Common Stock, representing approximately 22.6% of the shares of Common Stock outstanding, based upon the number of shares of Common Stock outstanding as provided in the Securities Purchase Agreement. Such beneficial ownership assumes the issuance of 7,500,00 shares of Common Stock issuable upon the conversion of the Series E Preferred Stock, 7,500,000 shares of Common Stock issuable upon exercise of the A Warrants 3,750,000 shares of Common Stock issuable upon exercise of the B Warrants, as more fully described herein. The sole beneficiary of West Trust is Mr. Blech. The trustee is Mr. Blech, who has the sole voting and dispositive power of West Trust.
|
|
West Trust has the shared power to vote or direct the vote of 18,750,000 shares of Common Stock and has the shared power to dispose or direct the disposition of 18,750,000 shares of Common Stock.
|
|
As of June 1, 2011, Liberty Trust beneficially owns 18,750,000 shares of Common Stock, representing approximately 22.6% of the shares of Common Stock outstanding, based upon the number of shares of Common Stock outstanding as provided in the Securities Purchase Agreement. Such beneficial ownership assumes the issuance of 7,500,00 shares of Common Stock issuable upon the conversion of the Series E Preferred Stock, 7,500,000 shares of Common Stock issuable upon exercise of the A Warrants 3,750,000 shares of Common Stock issuable upon exercise of the B Warrants, as more fully described herein. The sole beneficiary of Liberty Trust is Mr. Blech. The trustee is Mr. Blech, who has the sole voting and dispositive power of Liberty Trust.
|
|
Liberty Trust has the shared power to vote or direct the vote of 18,750,000 shares of Common Stock and has the shared power to dispose or direct the disposition of 18,750,000 shares of Common Stock.
|
|
Except as described herein, the Reporting Persons have not effected any transaction in Common Stock of the Issuer in the past 60 days.
|
(c)
|
No person other than the Reporting Persons are known to have the right to receive, or the power to direct the receipt of, dividends from, or proceeds from the sale of, the Common Stock reported in this Schedule 13D.
|
(d)
|
Not applicable.
|
Item 6.
|
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
|
Item 7.
|
Material to be Filed as Exhibits.
|
|
Exhibit 1
|
Joint Filing Agreement
|
|
Exhibit 2
|
Securities Purchase Agreement, dated May 24, 2011, among Stratus Media Group, Inc. and the investors named therein (incorporated by reference to Exhibit 10.01 of the Issuer’s Current Report on Form 8-K filed May 27, 2011)
|
|
Exhibit 3
|
Security Agreement, dated May 24, 2011, among the grantors named therein and Isaac Blech, as collateral agent (incorporated by reference to Exhibit 10.02 of the Issuer’s Current Report on Form 8-K filed May 27, 2011)
|
|
Exhibit 4
|
Form of A Warrant (incorporated by reference to Exhibit 4.06 of the Issuer’s Current Report on Form 8-K filed May 27, 2011)
|
|
Exhibit 5
|
Form of B Warrant (incorporated by reference to Exhibit 4.07 of the Issuer’s Current Report on Form 8-K filed May 27, 2011)
|
|
Exhibit 6
|
Certificate of Designations for the Series E Convertible Preferred Stock (incorporated by reference to Exhibit 4.01 of the Issuer’s Current Report on Form 8-K filed May 27, 2011)
|
LIBERTY CHARITABLE REMAINDER TRUST FBO ISAAC BLECH UAD 01/09/87
|
|||
|
By:
|
/s/ Isaac Blech | |
Name: | Isaac Blech | ||
Title: | Trustee | ||
RIVER CHARITABLE REMAINDER UNITRUST F/B/O ISAAC BLECH.
|
|||
|
By:
|
/s/ Isaac Blech | |
Name: | Isaac Blech | ||
Title: | Trustee | ||
WEST CHARITABLE REMAINDER UNITRUST.
|
|||
|
By:
|
/s/ Isaac Blech | |
Name: | Isaac Blech | ||
Title: | Trustee | ||
|
/s/ Miriam Wimpfheimer Blech | |
Miriam Wimpfheimer Blech
|
||
|
/s/ Isaac Blech | |
Isaac Blech | ||
LIBERTY CHARITABLE REMAINDER TRUST FBO ISAAC BLECH UAD 01/09/87
|
|||
|
By:
|
/s/ Isaac Blech | |
Name: | Isaac Blech | ||
Title: | Trustee | ||
RIVER CHARITABLE REMAINDER UNITRUST F/B/O ISAAC BLECH.
|
|||
|
By:
|
/s/ Isaac Blech | |
Name: | Isaac Blech | ||
Title: | Trustee | ||
WEST CHARITABLE REMAINDER UNITRUST.
|
|||
|
By:
|
/s/ Isaac Blech | |
Name: | Isaac Blech | ||
Title: | Trustee | ||
|
/s/ Miriam Wimpfheimer Blech | |
Miriam Wimpfheimer Blech
|
||
|
/s/ Isaac Blech | |
Isaac Blech | ||