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
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 3)
Under the Securities Exchange Act of 1934
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Spatializer Audio Laboratories, Inc.
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(Name of Issuer)
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Common Shares
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(Title of Class of Securities)
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84725L101
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(CUSIP Number)
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Greggory Schneider
21516 Pacific Coast Hwy.
Malibu, CA 90265
310-365-8900
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(Name, Address and Telephone Number of Person Authorized to
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Receive Notices and Communications)
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November 27, 2013
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(Date of Event which Requires Filing of this Statement)
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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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
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Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See · 240.13d-7 for other parties to whom copies are to be sent.
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* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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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).
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SCHEDULE 13D
84725L101
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1
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NAME OF REPORTING PERSON:
Greggory Schneider
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) o
(b) x
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS* (SEE INSTRUCTIONS)
On November 27, 2013, the Issuer acquired 2,334,516 shares of common stock owned by Reporting Person at an aggregate price of $35,718 (approximately $0.0153 per share) pursuant to a certain Stock Redemption Agreement by and between the Issuer and the Reporting Person dated as of November 27, 2013.
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) o
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON WITH
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7
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SOLE VOTING POWER
427,250
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8
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SHARED VOTING POWER
N/A
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9
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SOLE DISPOSITIVE POWER
427,250
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10
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SHARED DISPOSITIVE POWER
N/A
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
427,250
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* (SEE INSTRUCTIONS)
o
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.55%
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14
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TYPE OF REPORTING PERSON
IN
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2
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Item 1. Security and Issuer
Common Shares
SPATIALIZER AUDIO LABORATORIES, INC
410 Park Avenue – 15th Floor
New York, NY 10022
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Item 2. Identity and Background.
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(a)
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Name: Greggory Schneider
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(b)
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Residence or business address:
21516 Pacific Coast Hwy., Malibu CA 90265
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(c)
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Present Principal Occupation or Employment: Investor
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(d)
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Criminal Conviction: none
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(e)
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Court or Administrative Proceedings: none
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(f)
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Citizenship: USA
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Item 3. Source and Amount of Funds or Other Consideration:
On November 27, 2013, the Issuer acquired 2,334,516 shares of common stock owned by Reporting Person at an aggregate price of $35,718 (approximately $0.0153 per share) pursuant to a certain Stock Redemption Agreement by and between the Issuer and the Reporting Person dated as of November 27, 2013.
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Item 4. Purpose of Transaction
Not applicable
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3
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(a)
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The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer;
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n/a
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(b)
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An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries;
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n/a
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(c)
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A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries;
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n/a
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(d)
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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;
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n/a
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(e)
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Any material change in the present capitalization or dividend policy of the issuer;
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n/a
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(f)
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Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940;
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n/a
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(g)
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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;
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n/a
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(h)
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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;
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n/a
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(i)
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A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or
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n/a
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(j)
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Any action similar to any of those enumerated above.
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n/a
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4
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Item 5. Interest in Securities of the Issuer.
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(a)
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427,250 Common Shares
3.55%
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(b)
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Not applicable.
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(c)
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Not applicable.
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Transaction Date: 11/27/2013
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On November 27, 2013, the Issuer acquired 2,334,516 shares of common stock owned by Reporting Person at an aggregate price of $35,718 (approximately $0.0153 per share) pursuant to a certain Stock Redemption Agreement by and between the Issuer and the Reporting Person dated as of November 27, 2013.
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(d)
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Not applicable.
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(e)
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Not applicable.
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Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
None
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Item 7. Material to be Filed as Exhibits.
99.1 Stock Redemption Agreement (Schneider) (incorporated by reference to Exhibit 10.3 of the Issuer’s Current Report on Form 8-K filed with the Commission on December 3, 2013).
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5
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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.
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Date: December 3, 2013
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By:
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/s/ Greggory Schneider
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Greggory Schneider
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