UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13D
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)
Kevin Cassidy
Logic International Consulting Group LLC
711 Fifth Avenue
16th Floor
New York, NY 10022
(646) 755-3376
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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)
Kevin Cassidy/Logic International Consulting Group LLC ("Logic")
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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 1,880,000 SHARES
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SHARES
BENEFICIALLY 8 SHARED VOTING POWER 0 SHARES
____________________________________________________________
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER 1,880,000 SHARES
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REPORTING
PERSON 10 SHARED DISPOSITIVE POWER 0 SHARES
____________________________________________________________
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,880,000 SHARES
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12 CHECK BOX IF AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.6%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
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ITEM 1. SECURITY AND ISSUER.
This Schedule 13D ("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 (i)100,000 shares of common stock awarded to Kevin
Cassidy by the Board of Director on August 24, 2011 at the market value of $.30
per share; (ii) 1,080,000 shares granted to Logic at $1.00 per share under the
terms and conditions included in the April 7, 2011 Warrant, including an
expiration date of April 6, 2014; and (iii) 700,000 shares granted to Logic at
$1.00 per share under the terms and conditions included in the August 24, 2011
Warrant, including an expiration date of August 23, 2014.
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". Kevin Cassidy is a New
York citizen. Logic is a New York limited liability corporation that was formed
in 1995 and is 100% beneficially owned by Kevin Cassidy. This "Reporting Party"
is an "institutional investor" or an "accredited investor."
Information with respect to this Reporting Person is given solely by such
Reporting Person.
Mr. Cassidy is the Managing Member and Founder of Logic International
Consulting Group, LLC, a consulting firm specializing in the development of
global trading businesses and the creation of the requisite infrastructure,
management and support paradigms of said platforms.
Previously Mr. Cassidy was a Founding Partner & Chief Operating Officer of
Archeus Capital Management, LLC, a multi strategy hedge fund which managed in
excess of $3.5 billion in assets. Mr. Cassidy was responsible to optimize the
use of the firm's Capital Balance which regularly exceeded $1 billion by
deploying an effective treasury and cash management strategy at the firm.
Mr. Cassidy also served as the Chief Operating Officer for Bank Julius Baer
(BJB), based in Zurich. BJB at that time was the largest privately held Bank in
Switzerland. He was a member of the BJB Management Committee and responsible for
organizing and directing the re-branding of the BJB global trading platform,
including both new product and business development. In addition, Mr. Cassidy
developed the global FX Option Trading Business and Operating Support Paradigm
for the Bank.
Prior to BJB, Mr. Cassidy was Managing Director of UBS, where he was the
Global Head of Fixed Income Derivatives Support. He also served as the Global
Head of the Bank's Derivatives Infrastructure, including operations, finance, IT
systems and legal. While at UBS, Mr. Cassidy was also President of UBS
Securities Swaps Inc., the bank's US based derivatives platform and business
center.
Earlier in his career, Mr. Cassidy was Managing Director of Bear Sterns,
where he was credited with the development of multiple new products, including,
Currency Exchange Warrants (CEW's) and Remarketed Preferred, and was also
responsible for the new product planning and development group.
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Mr. Cassidy began his career at Merrill Lynch, where he rose to the
position of Senior Section Manager in charge of New Product Planning &
Development. In this position, he was credited with the development of (i) the
Remarketed Preferred Product and Trading Platform, and (ii) the development of
the Short Term Put Securities Product and Global Trading Platform.
The principal business address of Kevin Cassidy and Logic is 711 Fifth
Avenue, 16th Floor, New York, NY 10022.
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.
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 (i)100,000 shares of common stock awarded to Kevin
Cassidy by the Board of Director on August 24, 2011 at the market value of $.30
per share; (ii) 1,080,000 shares granted to Logic at $1.00 per share under the
terms and conditions included in the April 7, 2011 Warrant, including an
expiration date of April 6, 2014; and (iii) 700,000 shares granted to Logic at
$1.00 per share under the terms and conditions included in the August 24, 2011
Warrant, including an expiration date of August 23, 2014.
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 October 31, 2011, Mr. Cassidy beneficially owned 1,880,000 shares
of Common Stock individually.
Mr. Cassidy beneficially owned 7.6% of the Common Stock outstanding, based
on total shares of Common Stock outstanding as of October 31, 2011 of 24,753,212
shares on a fully diluted basis.
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(b) As of October 31, 2011, Mr. Cassidy had sole voting power and sole
dispositive power with respect to 1,880,000 shares of Common Stock individually.
(c) Mr. Cassidy has not acquired any shares of Common Stock or warrants to
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.
(a) Warrant for the Purchase of Common Stock dated April 7, 2011 by and
between WestMountain Index Advisor, Inc. and Logic International Consulting
Group LLC. Attached as Exhibit 10.2 to the Company's Form 8-K dated April 7,
2011 and filed with the SEC on April 18, 2011.
(b) Warrant for the Purchase of Common Stock dated August 24, 2011 by and
between WestMountain Index Advisor, Inc. and Logic International Consulting
Group LLC. Attached herewith as Exhibit 99.1.
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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: October 31, 2011
Kevin Cassidy
By: /s/ Kevin Cassidy
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Name: Kevin Cassidy
Investor
Logic International Consulting Group LLC
By: /s/ Kevin Cassidy
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Name: Kevin Cassidy
Chief Executive Officer
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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