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1
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NAME OF REPORTING PERSON
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William M. Budinger
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
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(b) [ ]
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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NUMBER OF SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
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1,875,000
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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1,875,000
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,875,000
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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[ ]
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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3.9%(1)
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12
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TYPE OF REPORTING PERSON
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IN
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(a)
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Name of Issuer:
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RealD Inc.
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(b)
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Address of Issuer’s Principal Executive Offices:
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100 N. Crescent Drive, Suite 120, Beverly Hills, California 90210
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(a)
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Name of Person Filing:
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William M. Budinger
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(b)
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Address of Principal Business Office or, if None, Residence:
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1250 Red Butte Drive, Aspen, Colorado 81611
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(c)
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Citizenship:
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United States
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(d)
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Title of Class of Securities:
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Common Stock, par value $0.0001 per share.
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(e)
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CUSIP Number:
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75604L105
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Item 3.
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If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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£ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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£ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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£ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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£ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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£ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
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(f)
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£ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
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(g)
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£ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
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(h)
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£ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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(i)
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£ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
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(j)
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£ Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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Item 4.
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Ownership.
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Mr. Budinger beneficially owns 1,875,000 shares of Common Stock. Of these shares, 195,000 shares are beneficially owned directly by Mr. Budinger, and the remainder are beneficially owned by Torque Investments, LLC.
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Torque Investments, LLC is 99.0% owned by the William M. Budinger Revocable Trust and 1.0% owned by Sunnyside Investments, Inc. Mr. Budinger is the sole trustee of the trust and the President of Sunnyside Investments, Inc. and has voting and investment power over all the shares held by Torque Investments, LLC, and may be deemed to be the indirect beneficial owner of the shares of Common Stock held by Torque Investments, LLC. The Reporting Person disclaims beneficial ownership of the Issuer Securities except to the extent of his pecuniary interest therein.
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(a)
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Amount beneficially owned: 1,875,000
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(b)
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Percent of class: 3.9%
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(c)
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(i) Sole power to vote or direct the vote: 1,875,000
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(ii) Shared power to vote or direct the vote: 0
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(iii) Sole power to dispose or direct the disposition: 1,875,000
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(iv) Shared power to dispose or direct the disposition: 0
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Item 5.
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Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: [X]
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Not applicable.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
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Not applicable.
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Item 8.
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Identification and Classification of Members of the Group.
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Not applicable.
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Item 9.
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Notice of Dissolution of a Group.
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Not applicable.
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Item 10.
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Certification.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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/s/ William M. Budinger
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William M. Budinger
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