1 |
NAMES
OF REPORTING PERSONS
| ||||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
| |||||
STEIPP THOMAS W | |||||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) | o | ||
(b) | o | ||||
3 |
SEC
USE ONLY
| ||||
4 |
SOURCE
OF FUNDS
| ||||
PF
SC | |||||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
| o | |||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
| ||||
United States | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 |
SOLE
VOTING POWER
| |||
7,130,688 shares of Common Stock. | |||||
8 |
SHARED
VOTING POWER
| ||||
9 |
SOLE
DISPOSITIVE POWER
| ||||
1,130,688 shares of Common Stock. | |||||
10 |
SHARED
DISPOSITIVE POWER
| ||||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| ||||
7,130,688 shares of Common Stock. | |||||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
| o | |||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| ||||
6.6%
| |||||
14 |
TYPE
OF REPORTING PERSON
| ||||
IN | |||||
Item 1. | Security and Issuer |
The class of equity securities to which this Schedule 13D (the “Schedule 13D”) relates is the common stock, par value $0.001 per share (the “Common Stock”), of Liquidmetal Technologies, Inc., a Delaware corporation, whose principal executive offices are located at 30452 Esperanza, Rancho Santa Margarita, California, 92688 (the “Issuer”). |
Item 2. | Identity and Background |
(a) | This statement is filed on behalf of Thomas W. Steipp (“Mr. Steipp”). |
(b) | Mr. Steipp’s business address is 30452 Esperanza, Rancho Santa Margarita, California, 92688. |
(c) | Mr. Steipp is currently employed as the Chief Executive Officer of the Issuer. |
(d) | During the last five years, Mr. Steipp has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
(e) | During the last five years, Mr. Steipp 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) | United States. |
Item 3. |
Source
and Amount of Funds or Other Consideration
|
In connection with the commencement of his employment and pursuant to a Restricted Stock Award Agreement dated August 5, 2010, Mr. Steipp was granted by the Issuer an aggregate of 6,000,000 restricted shares of the Issuer’s Common Stock. Mr. Steipp purchased 20,000 shares of the Issuer’s Series A-1 Preferred Stock, which was convertible into shares of Common Stock on a fifty-for-one basis, from his personal funds. On April 27, 2011, Mr. Steipp converted all of his Series A-1 Preferred Stock into 1,130,688 shares of Common Stock. |
Item 4. |
Purpose
of Transaction
|
On August 5, 2010, pursuant to a Restricted Stock Award Agreement Mr. Steipp was issued 6,000,000 shares of the Issuer’s Common Stock in connection with the commencement of his employment as the Issuer’s Chief Executive Officer. On April 27, 2011, Mr. Steipp converted his 20,000 shares of the Issuer’s Series A-1 Preferred Stock into 1,130,688 shares of Common Stock. These acquisitions were to ensure that Mr. Steipp’s interests were aligned with those of the Issuer and the Issuer’s stockholders. |
(a) | As of the date hereof, Mr. Steipp does not have any plans or proposals which relate to or would result in the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer. |
(b) | As of the date hereof, Mr. Steipp does not have any plans or proposals which relate to or would result in an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries. |
(c) | As of the date hereof, Mr. Steipp does not have any plans or proposals which relate to or would result in the sale or transfer of a material amount of assets of the Issuer or of any of its subsidiaries. |
(d) | As of the date hereof, Mr. Steipp does not have any plans or proposals which relate to or would result in any change in 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. |
(e) | As of the date hereof, Mr. Steipp does not have any plans or proposals which relate to or would result in any material change in the present capitalization or dividend policy of the Issuer. |
(f) | As of the date hereof, Mr. Steipp does not have any plans or proposals which relate to or would result in any other material change in the Issuer’s business or corporate structure. |
(g) | As of the date hereof, Mr. Steipp does not have any plans or proposals which relate to or would result in changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person. |
(h) | As of the date hereof, Mr. Steipp does not have any plans or proposals which relate to or would result in causing 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. |
(i) | As of the date hereof, Mr. Steipp does not have any plans or proposals which relate to or would result in a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act. |
(j) | As of the date hereof, Mr. Steipp does not have any plans or proposals which relate to or would result in any action similar to any of those enumerated above. |
Item 5. |
Interest
in Securities of the Issuer
|
(a) | As of April 27, 2011, Mr. Steipp beneficially owned 7,130,688 shares of the Issuer’s Common Stock. The 7,130,688 shares beneficially owned by Mr. Steipp represent approximately 6.6% of the shares of the Issuer’s Common Stock issued and outstanding, based on 107,943,291 shares of the Issuer’s Common Stock issued and outstanding, as such information was provided by the Issuer to Mr. Steipp on April 27, 2011. |
(b) | Mr. Steipp has: (1) sole power to vote or to direct the vote of 7,130,688 shares of the Issuer’s Common Stock; (2) shared power to vote or to direct the vote of 0 shares of the Issuer’s Common Stock; (3) sole power to dispose or to direct the disposition of 1,130,688 shares of the Issuer’s Common Stock; and (4) shared power to dispose or to direct the disposition of 0 shares of the Issuer’s Common Stock. |
(c) | Other than the April 27, 2011 transactions described in Item 3 of this Schedule 13D, Mr. Steipp has not effected any transactions in the Issuer’s Common Stock during the past sixty days. |
| Transaction Date | Shares or Unites Purchased (Sold) | Price Per Share or Unit |
| N/A | N/A | N/A |
N/A |
(d) | No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuer’s Common Stock beneficially owned by Mr. Steipp. |
(e) | N/A |
Item 6. |
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer
|
There are no contracts, arrangements, understandings or relationships (legal or otherwise) among Mr. Steipp and any other persons with respect to any Common Stock of the Issuer, including but not limited to transfer or voting of any Common Stock, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. |
Item 7. |
Material
to Be Filed as Exhibits
|
None |
June 28, 2011 | By: |
/s/
Thomas Steipp | |
Individual | |||