UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13D/A
Amendment 1
Under the Securities Exchange Act of 1934
WESTMOUNTAIN INDEX ADVISOR, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
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(Title of Class of Securities)
96110W203
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(CUSIP Number)
James Baughman
2186 S. Holly St., Suite 104, Denver, CO 80222
(303) 800-0678
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 24, 2011
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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 Rule 13D-1(e), 13D-1(f) or 13D-1(g), check the
following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13D-7 for other
parties to whom copies are to be sent.
* 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.
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).
SCHEDULE 13D
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CUSIP NO. 44920E 10 4 PAGE 2
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James Baughman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ X ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
US
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NUMBER OF 7 SOLE VOTING POWER 2,702,500 SHARES
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SHARES
BENEFICIALLY 8 SHARED VOTING POWER 0 SHARES
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OWNED BY
EACH 9 SOLE DISPOSITIVE POWER 2,702,500 SHARES
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REPORTING
PERSON 10 SHARED DISPOSITIVE POWER 0 SHARES
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WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,702,500 SHARES
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12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.1%
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14 TYPE OF REPORTING PERSON*
IN
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ITEM 1. SECURITY AND ISSUER.
This Schedule 13D Amendment 1 ("13D") relates to the shares of common
stock, par value $0.001 per share (the "Common Stock"), of WestMountain Index
Advisor, Inc. ("WMTN"), a Colorado corporation, whose principal executive office
is located at 2186 S. Holly St., Suite 104, Denver, CO 80222. The principal
executive officer is Gregory Schifrin, Chief Executive Officer.
This 13D gives notice of 100,000 shares of common stock awarded by the
Board of Director on August 24, 2011 as COO of WMTN at the market value of $.30
per share.
ITEM 2. IDENTITY AND BACKGROUND.
This 13D is being filed pursuant to Rule 13D-1(a) under the Securities
Exchange Act of 1934, as amended (the "Exchange Act". James Baughman is an
American citizen. This "Reporting Person" is an "institutional investor" or an
"accredited investor."
Information with respect to this Reporting Person is given solely by such
Reporting Person.
Mr. Baughman has worked as a geologist for more than 25 years in mining
operations and mineral exploration projects for precious, base metals, and
uranium. Mr. Baughman has provided technical services and project management for
a number of major and junior mining companies.
From July of 2004 to May of 2006, Mr. Baughman was the co-founder,
President and Chief Executive Officer of High Plains Uranium Corp, where he
managed the company's corporate finance, accounting, legal and regulatory
requirements. He also managed a successful initial public offering on the TSX.
From May of 2006 to October of 2006, Mr. Baughman was the Chief Executive
Officer of Kenai Resources, formerly known as Triumph Gold Corp., where he
managed the company's properties in Venezuela and Oregon. He also managed the
consulting engineers and geologists, and prepared engineering reports.
From October of 2006 to the September 2010, Mr. Baughman led an acquisition
of mineral rights on uranium properties, hired professional staff, developed
company presentation and conducted road shows to investors and potential
investors for US Uranium Corp., a company he co-founded. Mr. Baughman also
served as Chief Operating Officer and a Director in March 2010 of American
Mining Corporation.
James Baughman is a Director of Big Bear Mining Corp. Mr. Baughman is
currently assisting several private mining development companies and is on the
Advisory Board of a Canadian exploration company. In July of 1983, Mr. Baughman
received a Bachelor of Science degree in Geology from the University of Wyoming,
Laramie. He is a registered professional geologist in the State of Wyoming. Mr.
Baughman resides in Aurora, Colorado.
The principal business address of Mr. Baughman is 2186 S. Holly St., Suite
104, Denver, CO 80222.
During the last five years, the Reporting Person, to the best of his
knowledge, has not been convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors). During the last five years, the Reporting
Person, to the best of his knowledge, has not been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to
such laws.
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
See description to Item 4.
ITEM 4. PURPOSE OF TRANSACTION.
The Common Stock were acquired for, and are being held for, investment
purposes.
This 13D gives notice of 100,000 shares of common stock awarded by the
Board of Director on August 24, 2011 as COO of WMTN at the market value of $.30
per share.
Other
The Reporting Person may purchase additional shares of Common Stock from
time to time depending upon price, market conditions, availability of funds,
evaluation of other investment opportunities, and other factors. The Reporting
Person have no present intention to sell any shares of Common Stock, although
any Reporting Person could determine from time to time, based upon the same
factors listed above for purchases, to sell some or all of the shares of Common
Stock held by such Reporting Person.
The Reporting Person do not have any plans or proposals that would result
in any of the actions or transactions described in clauses (a)through (j) of
Item 4 of Schedule 13D, except as previously disclosed in this Schedule 13D, as
amended, or as set forth above.
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
(a) As of August 26, 2011, Mr. Baughman beneficially owned 2,702,500 shares
of Common Stock individually.
Mr. Baughman beneficially owned 11.1% of the Common Stock outstanding,
based on total shares of Common Stock outstanding as of August 26, 2011 of
24,335,502 shares on a fully diluted basis.
(b) As of August 26, 2011, Mr. Baughman had sole voting power and sole
dispositive power with respect to 2,702,500 shares of Common Stock individually.
(c) Mr. Baughman has acquired 100,000 shares of Common Stock individually
and within the 60 days prior to the filing of this Schedule 13D.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Except as described herein, no Reporting Person nor any other person
referred to in Item 2 herein, has any contract, arrangements understandings or
relationship (legal or otherwise) with any person with respect to any securities
of the Issuer, including but not limited to the transfer or voting of any of the
securities, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or losses, or the giving or
withholding of proxies.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
Not applicable.
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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.
Dated: August 26, 2011
James Baughman
By: /s/ James Baughman
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Name: James Baughman
Investor
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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