UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 31, 2010
SECURITY DEVICES INTERNATIONAL INC.
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(Exact name of Registrant as specified in its charter)
Delaware Applied For
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
2171 Avenue Road, Suite 103
Toronto, Ontario, Canada M5M 4B4
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (416) 787-1871
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120 Adelaide Street West, Suite 2500
Toronto, Ontario, Canada M5H 1T1
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(Former name or former address if changed since last report)
Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below)
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-14(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 3.02 Unregistered Sales of Equity Securities.
On August 31, 2010 the Company sold 700,000 shares of common stock to a
private investor at a price of $0.20 per share. The shares of common stock are
restricted securities, as that term is defined in Rule 144 of the Securities and
Exchange Commission.
The Company relied upon the exemption provided by Section 4(2) of the
Securities Act of 1933 in connection with the sale of these securities. The
investor which acquired the shares was sophisticated and was provided with full
information regarding the Company. There was no general solicitation in
connection with the offer or sale of the securities. The investor which acquired
these securities acquired them for its own account. The certificate representing
these securities bears a restricted legend providing that they cannot be sold
except pursuant to an effective registration statement or an exemption from
registration. No commission or other form of remuneration was given to any
person in connection with the sale of these securities.
Item 9.01 Financial Statements and Exhibits
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: September 2, 2010
SECURITY DEVICES INTERNATIONAL INC.
By: /s/ Gregory Sullivan
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Gregory Sullivan, President