Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
SRKP 7, INC.
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(Name of Issuer)
Common Stock, par value $0.0001 per share
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(Title of Class of Securities)
None
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(CUSIP Number)
SRKP 7, INC.
210 South Federal Highway, Suite 205
Deerfield Beach, FL 33441
(310) 203-2902
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 3, 2005
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. |_|
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
CUSIP No. None
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1. Names of Reporting Persons. I.R.S. Identification Nos. of
above persons (entities only).
Richard Rappaport
2. Check the Appropriate Box if a Member of a Group (See
Instructions)
(a)...........................................................
(b)...........................................................
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3. SEC Use Only..................................................
4. Source of Funds (See Instructions) (See item 3).......PF......
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) ........................................
6. Citizenship or Place of Organization .........U.S.A..........
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7. Sole Voting Power...........1,039,500...................
Number of --------------------------------------------------------------
Shares
Beneficially 8. Shared Voting Power
Owned by
Each --------------------------------------------------------------
Reporting
Person With 9. Sole Dispositive Power...........1,039,500..............
--------------------------------------------------------------
10. Shared Dispositive Power................................
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,039,500.....................................................
- --------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions).....................................
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13. Percent of Class Represented by Amount in Row (11)....38.5%...
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14. Type of Reporting Person (See Instructions)
.......IN.....................................................
..............................................................
Item 1. Security and Issuer.
This Schedule 13D relates to the common stock, par value $0.0001 per share
(the "Common Stock") of SRKP 7, Inc., whose principal executive offices are
located at 210 South Federal Highway, Suite 205, Deerfield Beach, FL 33441 (the
"Issuer").
Item 2. Identity and Background.
(a) The name of the reporting person is Richard Rappaport (the "Reporting
Person").
(b) The business address of the Reporting Person is 210 South Federal
Highway, Deerfield Beach, FL 33441.
(c) The Reporting Person's present principal occupation or employment and
the name, principal business and address of any corporation or other
organization in which such employment is conducted is Chief Executive Officer,
WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 310, Los Angeles, CA
90067.
(d) The Reporting Person has not been convicted in any criminal
proceedings during the last five years.
(e) The Reporting Person has not been a party to any civil proceedings
during the last five years.
(f) The Reporting Person is a citizen of the U.S.A.
Item 3. Source and Amount of Funds or Other Consideration.
The Reporting Person purchased the 1,039,500 shares of Common Stock
directly from the Issuer for a purchase price equal to an aggregate of
$9,625.00. The source of funding for this purchase was through personal funds.
Item 4. Purpose of Transaction.
None
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Person beneficially owns an aggregate of 1,039,500
shares of Common Stock, representing 38.5% of the outstanding shares of Common
Stock (based, as to the number of outstanding shares, upon the Issuer's Form
10-SB filed August 3, 2005.)
(b) The Reporting Person has the sole right to vote and dispose, or direct
the disposition, of the 1,039,500 shares of Common Stock owned by the Reporting
Person.
(c) The 1,039,500 shares of Common Stock reported herein were acquired by
the Reporting Person from the Issuer effective May 26, 2005.
(d) Other than the Reporting Person, 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 1,039,500 shares of Common Stock owned by the
Reporting Person.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
The securities discussed herein are the result of the Common Stock
Purchase Agreement executed by and between the Reporting Person and the Issuer
(the "Purchase Agreement").
Item 7. Material to Be Filed as Exhibits.
The Purchase Agreement.
Signature.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
October 17, 2005
RICHARD RAPPAPORT
By: /s/ Richard Rappaport
-------------------------
Name: Richard Rappaport
Title: President