Sec Form 4 Filing - ARACLE SPF I, LLC @ GENERAL EMPLOYMENT ENTERPRISES INC - 2014-12-17

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
ARACLE SPF I, LLC
2. Issuer Name and Ticker or Trading Symbol
GENERAL EMPLOYMENT ENTERPRISES INC [ JOB]
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)
1 PENN PLAZA, STE 2411
3. Date of Earliest Transaction (MM/DD/YY)
12/17/2014
(Street)
NEW YORK, NY10119
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, No Par Value 12/17/2014 S 100,000 D $ 0.5 2,400,000 D ( 1 )
Common Stock, No Par Value 12/18/2014 S 100,000 D $ 0.54 2,300,000 D ( 1 )
Common Stock, No Par Value 12/18/2014 S 89,316 D $ 0.56 2,210,684 D ( 1 )
Common Stock, No Par Value 12/19/2014 S 10,584 D $ 0.56 2,200,100 D ( 1 )
Common Stock, No Par Value 12/19/2014 S 100,100 D $ 0.58 2,100,000 D ( 1 )
Common Stock, No Par Value 12/19/2014 S 38,043 D $ 0.6 2,061,957 D ( 1 )
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 Purchase Warrants $ 0.25 ( 2 ) 03/31/2018 Common Stock 1,187,500 1,187,500 D ( 1 ) ( 2 )
Common Stock Purchase Warrants $ 0.25 ( 2 ) 04/10/2018 Common Stock 62,500 62,500 D ( 1 ) ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ARACLE SPF I, LLC
1 PENN PLAZA
STE 2411
NEW YORK, NY10119
X
ARACLE MANAGEMENT, LLC
1 PENN PLAZA
SUITE 2411
NEW YORK, NY10119
X
Signatures
Aracle SPF I, LLC. By Aracle Management, LLC. By: /s/ Joshua S. Lev. Manager 12/22/2014
Signature of Reporting Person Date
Aracle Management, LLC. By: /s/ Joshua S. Lev. Manager 12/22/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )All securities held directly by Aracle SPF I, LLC (the "Fund"). Aracle Management, LLC. is the Manager of the Fund and shares in profits, if any, of the Fund. Aracle Management, LLC. may be deemed an indirect beneficial owner of securities held by the Fund and disclaims any direct beneficial ownership of any securities held by the Fund.
( 2 )Indicates Warrants acquired from the Issuer on or before April 10th 2014, as part of the Units in which the shares disclosed on Table 1 were acquired, as previously reported. All of the Warrants have already become exercisable, none of which Warrants have been exercised or sold as of the date of this report. All of the holdings have been previously reported by the Reporting Persons on its Form 3.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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