Sec Form 13G Filing - Vecchio Todd filing for GTT COMMUNICATIONS INC (GTTNQ) - 2008-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

Global Telecom & Technology, Inc.
(Name of Issuer)
Common Stock, par value $.0001 per share
(Title of Class of Securities)
378979 10 8
(CUSIP Number)
December 31, 2007
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)
     o Rule 13d-1(d)

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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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1   NAME OF REPORTING PERSON.
I.R.S. Identification No. of Above Persons (Entities Only).

Todd J. Vecchio
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   o
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States of America
       
  5   SOLE VOTING POWER
     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
  2,545,348(1)
     
6   SHARED VOTING POWER
   
  -0-
     
7   SOLE DISPOSITIVE POWER
   
  2,545,348(1)
     
8   SHARED DISPOSITIVE POWER
     
    -0-
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,545,348(1)
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  15.8%(2)
     
12   TYPE OF REPORTING PERSON
   
  IN
(1) Includes 1,305,000 shares of Common Stock issuable upon the exercise of warrants and 357,225 shares of common stock issuable upon the conversion of convertible notes.
(2) Based on 14,479,678 shares outstanding as of December 31, 2007, as reported on the Issuer’s Form S-1 filed with the Securities and Exchange Commission on January 14, 2008.

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Item 1(a):
  Name of Issuer.
 
 
  Global Telecom & Technology, Inc.
 
   
Item 1(b):
  Address of Issuer’s Principal Executive Offices.
 
   
 
  8484 Westpark Drive, Suite 720
 
  McLean, Virginia 22102
 
   
Item 2(a):
  Name of Person Filing.
 
   
 
  This statement is filed by Todd J. Vecchio (the “Reporting Person”).
 
   
Item 2(b):
  Address of Principal Business Office or, if none, Residence.
 
   
 
  8484 Westpark Drive, Suite 720
 
  McLean, Virginia 22102
 
   
Item 2(c):
  Citizenship.
 
   
 
  The Reporting Person is a citizen of the United States.
 
   
Item 2(d):
  Title of Class of Securities.
 
   
 
  Common Stock, par value $.0001 per share.
 
   
Item 2(e):
  CUSIP Number.
 
   
 
  378979 10 8
 
   
Item 3:
  If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
 
 
 
   
 
  Not Applicable
 
   
Item 4:
  Ownership.
 
   
 
  See Items (5) - (9) and (11) of the cover page for the Reporting Person.

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Item 5:
  Ownership of Five Percent or Less of a Class.
 
   
 
  Not Applicable
 
   
Item 6:
  Ownership of More than Five Percent on Behalf of Another Person.
 
   
 
  Not Applicable
 
   
Item 7:
  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
   
 
  Not Applicable
 
   
Item 8:
  Identification and Classification of Members of the Group.
 
   
 
  Not Applicable
 
   
Item 9:
  Notice of Dissolution of Group.
 
   
 
  Not Applicable
 
   
Item 10:
  Certification.
 
   
 
  Not Applicable

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SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
         
  Date: February  14, 2008
 
 
    /s/ Todd J. Vecchio    
    Todd J. Vecchio   
     
 

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