Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D
Under
the Securities Exchange Act of 1934
(Amendment
No. 1)*
EClips
Media Technologies, Inc.
(Name
of Issuer)
Common
Stock
(Title
of Class of Securities)
277885J101
(CUSIP
Number)
Michael Baybak
2110
Drew Street, Suite 200, Clearwater, Florida 33765
(Name,
Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
July
14, 2010
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. o
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.
(Continued
on following pages)
(Page 1
of 4 Pages)
———————
* 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).
CUSIP
No. 27885J
101
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13D
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Page 2 of 4
Pages
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1 |
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NAMES OF REPORTING PERSONS:
Michael
Baybak
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY): |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS):
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(a) o |
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(b) o |
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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): |
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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): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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United
States of America
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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13,541,667 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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13,541,667 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON: |
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13,541,667 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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o |
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11): |
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6.6% |
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14 |
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS): |
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IN
- Individual
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CUSIP
No. 27885J
101
|
13D
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Page 3 of 4
Pages
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This
Amendment No.1 to Schedule 13D amends and supplements the Schedule 13D filed
with the Securities and Exchange Commission on June 25, 2010 (the “Original
Schedule 13D”) by Michael Baybak.
Item
4.
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Purpose
of Transaction
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Item 4 is
hereby amended and supplemented as follows:
On July
14, 2010, the Reporting Person sold 87,958,333 shares of common stock to
non-affiliated third parties for aggregate gross proceeds of
$84,958.33. As a result of the transactions, the Reporting Person now
owns 13,541,667 shares of common stock.
Item
5.
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Interest
in Securities of the Issuer.
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Item 5 is
hereby amended and supplemented as follows:
As
of July 14, 2010, Reporting Person owns 13,541,667 shares or 6.6% of the
Issuer’s Common Stock. All percentages set forth in this Schedule 13D are
calculated based on 205,025,338 shares of Common Stock outstanding as of
July 23, 2010. Reporting Person has not effectuated any other transactions
involving the securities in the last 60
days.
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CUSIP
No. 27885J
101
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13D
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Page 4 of 4
Pages
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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.
Date:
July 23, 2010
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/s/
Michael Baybak
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Michael
Baybak
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