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INVI Integral Vision Inc (CE)

0.000001
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Integral Vision Inc (CE) USOTC:INVI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

- Statement of Changes in Beneficial Ownership (4)

02/05/2011 9:02pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response...
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BONANZA CAPITAL LTD
2. Issuer Name and Ticker or Trading Symbol

INTEGRAL VISION INC [ INVI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

2651 NORTH HARWOOD, SUITE 530
3. Date of Earliest Transaction (MM/DD/YYYY)

9/15/2008
(Street)

DALLAS, TX 75201
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   4/12/2010     X    1225000   A $0   4970600   I   See Footnote   (1) (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Warrants   $1.00   9/15/2008     H         1250000    4/12/2005   4/12/2010   Common Stock   1250000   $0   0   I   See Footnote   (1)
Common Stock Warrants   $0.001   9/15/2008     P      1250000       9/15/2008   4/12/2010   Common Stock   1250000   $0   1250000   I   See Footnote   (1) (2)
Common Stock Warrants   $0.001   9/15/2008     P      3000000       9/15/2008   9/15/2013   Common Stock   3000000   $0   4250000   I   See Footnote   (1) (2)
Common Stock Warrants   $0.001   4/12/2010     X         1250000    9/15/2008   4/12/2010   Common Stock   1250000   $0   3000000   I   See Footnote   (1) (3)

Explanation of Responses:
( 1)  These reported securities are directly owned by Bonanza Master Fund, Ltd. (the "Master Fund") and may be deemed to be beneficially owned by Bonanza Capital, Ltd. (each, a "Reporting Person" and together, the "Reporting Persons") as the investment manager of the Master Fund. These Reporting Persons hereby disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
( 2)  On September 15, 2008, Integral Vision, Inc. (the "Issuer") modified the strike price of 1,250,000 warrants from $1.00 to $0.001 and issued 3,000,000 warrants for the purchase of common stock at $0.001 to the Master Fund. This transaction is reported above as a cancellation of the "old" warrants and the acquisition of a new one.
( 3)  On April 12, 2010, the Reporting Persons exercised, cashless and in its entirety, Warrant Number 105 for 1,250,000 warrants shares, which was originally issued April 12, 2005. Upon conversion, the Reporting Persons received 1,225,000 common shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BONANZA CAPITAL LTD
2651 NORTH HARWOOD
SUITE 530
DALLAS, TX 75201

X

BONANZA MASTER FUND LTD
C/O J.D. CLARK & CO.
2225 WASHINGTON BOULEVARD, SUITE 300
OGDEN, UT 84401

X


Signatures
/s/ Bonanza Capital, Ltd., By: Bonanza Fund Management, Inc., its General Partner, By: Bernay Box, President 5/2/2011
** Signature of Reporting Person Date

/s/ Bonanza Master Fund, Ltd., By: Bonanza Capital, Ltd., its Investment Manager, By: Bonanza Fund Management, Inc., its General Partner, By: Bernay Box, President 5/2/2011
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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