- Statement of Changes in Beneficial Ownership (4)
23 Octobre 2010 - 12:58AM
Edgar (US Regulatory)
FORM 4
[
X
]
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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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
*
YOUNG BUDDY
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2. Issuer Name
and
Ticker or Trading Symbol
PROGRESSIVE TRAINING, INC.
[
PRTR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
__
X
__ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
President, CEO, CFO, Chairman
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(Last)
(First)
(Middle)
C/O PROGRESSIVE TRAINING INC., 17337 VENTURA BLVD STE 305
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3. Date of Earliest Transaction
(MM/DD/YYYY)
10/21/2010
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(Street)
ENCINO, CA 91316
(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)
___ Form filed by One Reporting Person
_
X
_ 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
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10/21/2010
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S
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3718000
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D
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$0.06
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287716
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I
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By Trust
(1)
(2)
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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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Explanation of Responses:
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(
1)
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These shares are owned directly by the Young Family Trust (the "Trust") and are beneficially owned by Buddy Young and Rebecca Young as settlors and co-trustees of the Trust, which is revocable.
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(
2)
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Rebecca Young, whose address is c/o 17337 Ventura Boulevard, Suite 305, Encino, CA 91316, is filing this Form 4 jointly with Buddy Young as a 10% Owner of the Common Stock of Progressive Training, Inc. [PRTR]. Rebecca Young is filing this Form 4 with respect to the same shares and transactions as are reported in this Form 4 by Buddy Young.
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Remarks:
After completion of the transaction reported in this Form 4, Buddy Young and Rebecca Young ceased to be 10% Owners of the Issuer's Common Stock, and Buddy Young ceased to be an officer and director of the Issuer.
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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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YOUNG BUDDY
C/O PROGRESSIVE TRAINING INC.
17337 VENTURA BLVD STE 305
ENCINO, CA 91316
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X
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X
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President, CEO, CFO, Chairman
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Young Rebecca
C/O PROGRESSIVE TRAINING INC.
17337 VENTURA BOULEVARD SUITE 305
ENCINO, CA 91316
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X
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Signatures
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/s/ Buddy Young
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10/21/2010
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**
Signature of Reporting Person
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Date
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/s/ Rebecca Young
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10/21/2010
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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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