Sec Form 4 Filing - Spectra Capital Management, LLC @ Myriad Interactive Media, Inc. - 2012-03-21

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Spectra Capital Management, LLC
2. Issuer Name and Ticker or Trading Symbol
Myriad Interactive Media, Inc. [ MYRY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
595 MADISON AVENUE, 37TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
03/21/2012
(Street)
NEW YORK, NY10022
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share ("Common Stock") 03/21/2012 S 10,000 ( 1 ) D $ 0.12 2,859,495 ( 2 ) D ( 2 )
Common Stock 2,591,552 ( 3 ) I ( 3 ) see footnote (3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock issuable upon exe rcise of warrants $ 0.1 09/14/2009 07/10/2012 Common Stock 3,500,000 ( 2 ) 3,500,000 ( 2 ) D ( 2 )
Common Stock issuable upon exercise of warrants $ 0.1 09/14/2009 07/10/2012 Common Stock 3,700,000 ( 3 ) 3,700,000 ( 3 ) I ( 3 ) see footnote (3)
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Spectra Capital Management, LLC
595 MADISON AVENUE
37TH FLOOR
NEW YORK, NY10022
X
Porges Gregory I.
C/O SPECTRA FINANCIAL GROUP LLC
595 MADISON AVENUE, 37TH FLOOR
NEW YORK, NY10022
X
Burton Andrew
C/O SPECTRA FINANCIAL GROUP LLC
595 MADISON AVE., 37TH FLOOR
NEW YORK, NY10022
X
Signatures
Spectra Capital Management LLC 03/22/2012
Signature of Reporting Person Date
Gregory I. Porges 03/22/2012
Signature of Reporting Person Date
Andrew Burton 03/22/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Spectra Capital Management LLC ("Spectra") sold these shares.
( 2 )After the transactions reported in this Form 4, Spectra holds 2,859,495 shares of Common Stock and warrants that are convertible into an additional 3,500,000 shares of Common Stock. As Managing Member of Spectra, Gregory Porges has voting and dispositive authority over, and may be deemed to beneficially own, Spectra's shares of Common Stock and warrants to purchase Common Stock. As Manager of Spectra, Andrew Burton may be deemed to beneficially own Spectra's shares of Common Stock and warrants to purchase Common Stock. Neither Gregory Porges nor Andrew Burton directly owns any shares of Common Stock or warrants to purchase Common Stock.
( 3 )Arclight Capital LLC ("Arclight") holds 2,591,552 shares of Common Stock and warrants that are convertible into an additional 3,700,000 shares of Common Stock. As Managing Member of Arclight, Andrew Burton has voting and dispositive authority over, and may be deemed to beneficially own, Arclight's shares of Common Stock and warrants to purchase Common Stock. Andrew Burton does not directly own any shares of Common Stock or warrants to purchase Common Stock.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** 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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