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. 1) *
GLOBETRAC
INC.
(Name of
Issuer)
Common Stock
(Title of
Class of Securities)
37958H 10
6
(CUSIP
Number)
Mr.
Richard N. Jeffs
Suite
521 – 4 Montpelier Street
London,
UK SW7 1EE
(877)
587-2517
(Name,
Address and Telephone Number of Person Authorized to
Receive
Notices and Communications)
November
29, 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)
Richard N. Jeffs
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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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3
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SEC
USE ONLY
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||
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4
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SOURCE
OF FUNDS (See Instructions)
Not Applicable
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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
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7
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SOLE
VOTING POWER
2,048,800
|
|
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8
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SHARED
VOTING POWER
Not
Applicable
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||
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9
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SOLE
DISPOSITIVE POWER
2,048,800
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||
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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
2,048,800
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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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||
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3%
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14
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TYPE
OF REPORTING PERSON
IN
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2
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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 Richard N. Jeffs (the “Reporting Person”).
(b) The
Reporting Person’s address is 4 Montpelier Street, Suite 521, London, United
Kingdom SW7 1EE.
(c) The
Reporting Person is a self-employed business man.
(d) During
the last five years, the Reporting Person has not been convicted in a criminal
proceeding.
(e) Except as
indicated herein, 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. On April 24, 2007 the British
Columbia Securities Commission issued an order prohibiting the Reporting Person
from engaging in investor relations activities for a period of five years from
the date of the order. The Reporting Person is also required by the
order to fully comply with the British Columbia Securities Act, the rules and
regulations promulgated thereunder and any other applicable
regulations. The order stemmed from activities taken by the Reporting
Person on behalf of Mr. Francis Jason Dean Biller, a former resident of British
Columbia, who is prohibited from trading securities and engaging in investor
relations in British Columbia until February 16, 2010. The British
Columbia Securities Commission alleged that the Reporting Person assisted Mr.
Biller in relocating from Costa Rica to British Columbia for the purpose of
promoting the securities of public companies to retail investors on behalf of a
company under the control of the Reporting Person’s brother. As a
result of this order, the Reporting Person cannot directly communicate with the
investment community in British Columbia or promote the company in any way to
investors residing or located in British Columbia until April 24,
2012.
(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
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Not
applicable.
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Item
4.
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Purpose
of Transaction
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Not
applicable.
3
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Item
5.
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Interest
in Securities of the Issuer
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On
November 29, 2008, the Reporting Person disposed of all of his shares of the
capital stock of Money Layer Limited, a corporation, to an unrelated third party
(the “Transaction”). Money Layer Limited owns 8,083,010 shares of the
Issuer’s common stock. As computed using rule 13d-3 promulgated under
the Securities Exchange Act of 1934, as amended, following the disposition of
the capital stock of Money Layer Limited, the Reporting Person beneficially owns
a total of 2,048,800 shares, or approximately 2.3%, of the Issuer’s common
stock. This ownership is through Undershot Overseas Limited, a
corporation (the “Affiliate”). The Reporting Person owns all of the
issued and outstanding capital stock of the Affiliate. The Reporting
Person has the sole power to vote and to dispose of the shares he owns in the
Affiliate. The Affiliate has 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 Affiliate, 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 Affiliate.
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Item
6.
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Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer.
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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 3, 2008
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/s/
Richard N.
Jeffs
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Richard
N. Jeffs
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