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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment No. ) *
GLOBETRAC
INC.
(Name of
Issuer)
Common Stock
(Title of
Class of Securities)
37958H 10
6
(CUSIP
Number)
Ms.
Karen Briginshaw
Suite
610 – 1100 Melville Street
Vancouver,
British Columbia V6E 4A6
(250)
751-9560
(Name,
Address and Telephone Number of Person Authorized to
Receive
Notices and Communications)
June 23,
2008
(Date of
Event Which Requires Filing of this Statement)
If the
filing person has previously filed a statement on Schedule 13G to report the
acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box. [ ]
*The
remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The
information required on 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).
1
CUSIP No. 37958H 10 6
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1
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NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Karen Briginshaw
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||
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
x
(b) o
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||
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3
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SEC
USE ONLY
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||
|
4
|
SOURCE
OF FUNDS (See Instructions)
AF
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5
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CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d)
OR 2(e)
o
|
||
|
6
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CITIZENSHIP
OR PLACE OF ORGANIZATION
Canada
|
||
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
26,289,760
|
|
|
8
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SHARED
VOTING POWER
Not
Applicable
|
||
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9
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SOLE
DISPOSITIVE POWER
26,289,760
|
||
|
10
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SHARED
DISPOSITIVE POWER
Not
Applicable
|
||
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
26,289,760
|
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12
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions)
o
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||
|
13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
29.2%
|
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14
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TYPE
OF REPORTING PERSON
IN
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2
|
Item
1.
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Security
and Issuer
|
Common
stock, $0.001 par value, of GlobeTrac Inc. (the “Issuer”). The
Issuer’s address is 1100 Melville Street, Suite 610, Vancouver, British Columbia
V6E 4A6.
|
Item
2.
|
Identity
and Background
|
(a)
This statement is filed by Karen Briginshaw (the “Reporting
Person”).
(b)
The Reporting Person’s address is Suite 610 – 1100 Melville Street, Vancouver,
British Columbia V6E 4A6.
(c)
The Reporting Person is retired.
(d) During
the last five years, the Reporting Person has not been convicted in a criminal
proceeding.
(e)
During the last five years, the Reporting Person has not been 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 violation with
respect to such laws.
(f) The
Reporting Person is a citizen of Canada.
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Item
3.
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Source
and Amount of Funds or Other
Consideration
|
The
common stock was issued for the payment of loans made to the Issuer by Kinnaman
Trading Company Limited and Pilenga Limited (collectively, the
“Affiliates”). (This transaction is referred to throughout this
Schedule as the “Transaction”.) On the date of the Transaction, the
Reporting Person was the beneficial owner of all of the issued and outstanding
capital stock of the Affiliates. The funds loaned to the Issuer were
the working capital funds of the Affiliates.
3
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Item
4.
|
Purpose
of Transaction
|
The
common stock was issued for the payment of loans made to the Issuer by the
Affiliates. The Issuer used the proceeds from the loans for working
capital.
As of the date of the Transaction, the
Reporting Person did not have any plan or proposal
(i)
to acquire additional securities of the Issuer or to dispose of securities of
the Issuer, although she may do either of these in the future;
(ii) that
would result in an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer;
(iii) that
would result in the sale or transfer of a material amount of assets of the
Issuer;
(iv) that
would change the present board of directors or management of the Issuer,
including any plans or proposals to change the number or term of directors or to
fill any existing vacancies on the board;
(v) that
would result in any material change in the present capitalization or dividend
policy of the Issuer;
(vi) that
would result in any other material change in the Issuer’s business or corporate
structure;
(vii) that
would result in any change in the Issuer’s charter, bylaws or instruments
corresponding thereto in order to impede the acquisition of control of the
Issuer;
(viii) that
would cause a class of securities of the Issuer to be delisted from a national
securities exchange or to cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities association;
(ix)
that would cause a class of equity securities of the Issuer becoming
eligible for termination of registration pursuant to Section 12(g)(4) of the
Act; or
(x)
that would result in any action similar to those enumerated
above.
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Item
5.
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Interest
in Securities of the Issuer
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As
computed using rule 13d-3 promulgated under the Securities Exchange Act of 1934,
as amended, the Reporting Person beneficially owns a total of 26,289,760 shares,
or approximately 29.2%, of the Issuer’s common stock. The Reporting
Person has the sole power to vote and to dispose of the shares she owns in the
Affiliates. The Affiliates have the sole power to vote and to dispose
of the shares in the Issuer. The Reporting Person did not effect any
transactions in the Issuer’s common stock during the 60 days prior to the date
of the Transaction, other than the Transaction reported herein. Other
than the Affiliates, no other person has the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
common stock in the Issuer owned by the Affiliates.
4
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Item
6.
|
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer.
|
Not
applicable
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Item
7.
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Material
to be Filed as Exhibits.
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None
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
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Dated:
December 2, 2008
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/s/ Karen
Briginshaw
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Karen
Briginshaw
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