*Represents shares underlying the Stock Option (as defined in the Schedule 13D (as defined below)) with respect to which the Stock Option is exercisable or will become exercisable within 60 days following the date of this Amendment No. 2 to Schedule 13D. The number of shares reported herein does not include an aggregate of 18,933,276 shares of common stock (the “Unvested Shares”) issuable upon exercise of the Stock Option, with respect to which the Stock Option is not currently exercisable and will not become exercisable within 60 days. The Stock Option will become exercisable with respect to 4,733,319 of the Unvested Shares on each of April 1, 2012, July 1, 2012, October 1, 2012 and January 1, 2013.
**The percentages of the outstanding shares of common stock reported herein are calculated based on 215,769,316 shares of the Issuer’s common stock outstanding as of August 2, 2011 (based on the number of shares of outstanding common stock reported in Amendment No. 4 to the Registration Statement on Form 10/A of the Issuer filed with the Securities and Exchange Commission on June 9, 2011).
This Amendment No. 2 is filed by Bendigo Partners LLC, a New York limited liability company (the “Reporting Person”), and amends the Schedule 13D filed by the Reporting Person with the Securities and Exchange Commission (the “SEC”) on May 2, 2011, as amended by Amendment No. 1 filed with the SEC on August 3, 2011 (as previously amended, the “Schedule 13D”) with respect to the common stock, par value $0.001 per share (“Common Stock”) of Global Pari-Mutuel Services, Inc. (the “Issuer”). Except as specifically amended hereby, the Schedule 13D remains in full force and effect. Capitalized terms used but not otherwise defined herein have the meanings given to them in the Schedule 13D.
Item 5. | Interest in Securities of the Issuer. |
| Item 5 of the Schedule 13D is hereby amended and restated to read as follows: |
(a) The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon 215,769,316 shares of Common Stock outstanding, which is the total number of shares of Common Stock outstanding as reported in Amendment No. 4 to the Registration Statement on Form 10/A of the Issuer filed with the Securities and Exchange Commission on June 9, 2011.
As of September 30, 2011, the Reporting Person beneficially owns 37,866,552 shares of Common Stock, constituting 14.9% of the Common Stock outstanding, consisting entirely of shares underlying the Option with respect to which the Option is currently exercisable or will become exercisable within 60 days following the date hereof.
(b) The Reporting Person has the sole power to vote and dispose of the shares of Common Stock reported herein.
(c) There have been no transactions in securities of the Issuer during the past sixty days by the Reporting Person.
(d) No person other than the Reporting Person is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: September 30, 2011 | BENDIGO PARTNERS LLC |
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| By: | |
| | Name: | R. Jarrett Lilien |
| | Title: | Chief Executive Officer |