- Statement of Changes in Beneficial Ownership (4)
24 Février 2012 - 8:33PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB Number:
3235-0287
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November 30, 2011
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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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
DeMeulemeester Robert S.
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2. Issuer Name
and
Ticker or Trading Symbol
BigString CORP
[
BSGC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
_____ 10% Owner
__
X
__ Officer (give title below)
__
X
__ Other (specify below)
Exec. VP, CFO
/
Secretary and Treasurer
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(Last)
(First)
(Middle)
C/O BIGSTRING CORPORATION, 157 BROAD STREET, SUITE 109
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3. Date of Earliest Transaction
(MM/DD/YYYY)
2/14/2012
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(Street)
RED BANK, NJ 07701
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common stock, par value $.0001 per share
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42300
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Stock Option (Right to Buy Common Stock)
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$0.24
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2/14/2012
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D
(1)
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400000
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(1)
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9/18/2016
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Common Stock, $0.0001 par value
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400000
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(1)
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0
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D
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Stock Option (Right to Buy Common Stock)
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$0.5
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2/14/2012
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D
(1)
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600000
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(1)
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9/18/2016
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Common Stock, $0.0001 par value
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600000
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(1)
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0
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D
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Stock Option (Right to Buy Common Stock)
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$0.9
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2/14/2012
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D
(1)
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400000
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(1)
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9/18/2016
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Common Stock, $0.0001 par value
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400000
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(1)
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0
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D
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Stock Option (Right to Buy Common Stock)
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$1.25
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2/14/2012
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D
(1)
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400000
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(1)
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9/18/2016
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Common Stock, $0.0001 par value
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400000
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(1)
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0
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D
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Stock Option (Right to Buy Common Stock)
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$0.169
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2/14/2012
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D
(1)
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500000
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(1)
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11/14/2017
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Common Stock, $0.0001 par value
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500000
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(1)
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0
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D
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Stock Option (Right to Buy Common Stock)
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$0.21
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2/14/2012
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D
(1)
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500000
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(1)
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4/11/2013
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Common Stock, $0.0001 par value
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500000
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(1)
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0
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D
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Stock Option (Right to Buy Common Stock)
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$0.015
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2/14/2012
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A
(1)
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2800000
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2/14/2012
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2/14/2022
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Common Stock, $0.0001 par value
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2800000
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(1)
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2800000
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D
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Stock Option (Right to Buy Common Stock)
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$0.015
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2/14/2012
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A
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800000
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(2)
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2/14/2022
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Common Stock, $0.0001 par value
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800000
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$
0
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800000
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D
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Explanation of Responses:
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(
1)
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Stock options were cancelled by BigString Corporation on February 14, 2012 in connection with the issuance to the reporting person of stock options to acquire 2,800,000 shares of BigString's common stock (equal to the aggregate number of stock options cancelled) at an exercise price of $.015 per share. On February 13, 2012, the last trading day before the date of issuance of the new stock options, the closing price of BigString's common stock as reported on the OTC Pink Sheets was $.004 per share. The cancelled stock options were fully vested on the date of cancellation, and the new stock options were fully vested on the date of issuance
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(
2)
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Stock options with respect to 200,000 shares vest on each of May 14, 2012; August 14, 2012; November 14, 2012; and February 14, 2013.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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DeMeulemeester Robert S.
C/O BIGSTRING CORPORATION
157 BROAD STREET, SUITE 109
RED BANK, NJ 07701
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X
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Exec. VP, CFO
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Secretary and Treasurer
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Signatures
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/s/ Darin M. Myman as Attorney-in-Fact for Robert S. DeMeulemeester
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2/23/2012
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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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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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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