SEC Info - Simonini David - ‘SC 13D/A’ on 4/12/01 re: Optimum Source International Ltd

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Simonini David – ‘SC 13D/A’ on 4/12/01 re: Optimum Source International Ltd

On: Thursday, 4/12/01, at 2:42pm ET · Accession #: 950168-1-768 · File #: 5-61309

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/12/01  Simonini David                    SC 13D/A               1:12K  Optimum Source International Ltd  Donnelley Financial/FA

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment #1 to Schedule 13D for David Simonini        5     23K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer Identity and Background Interest in Securities of the Issuer Material to be Filed as Exhibits Purpose of Transaction Security and Issuer Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
3	Item 1. Security and Issuer
"	Item 2. Identity and Background
"	Item 3. Source and Amount of Funds or Other Consideration
"	Item 4. Purpose of Transaction
"	Item 5. Interest in Securities of the Issuer
5	Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
"	Item 7. Material to be Filed as Exhibits

SC 13D/A 1st Page of 5 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D

 UNDER THE SECURITIES EXCHANGE ACT OF 1934
  (AMENDMENT NO. 1)*
Optimum Source International, Ltd.
(Name of Issuer)
Common Stock
(Title of Class of Securities)

 683945 20 8
------------------------------------------------------------------------------- 
(CUSIP Number)

David Simonini
501 E. Morehead, Suite 4
 Charlotte, NC 28202
(704) 334-6455
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices     
and Communications) 

  March 21, 2001
--------------------------------------------------------------------------------
(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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss.240.13d-7(b) 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).                                                                         

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SCHEDULE 13D/A

---------------------------------              ---------------------------------
CUSIP No. 999-004-104                                  Page 2 of 5 Pages        
---------------------------------              ---------------------------------

                                                        [Enlarge/Download Table]


                                                                                                                     
------ --------------------------------------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON                                                                                      
       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)                                                   

          David Simonini                                                                                             
------ --------------------------------------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)                                   (a) [ ] 
                                                                                                             (b) [ ] 

------ --------------------------------------------------------------------------------------------------------------
3      SEC USE ONLY                                                                                                  

------ --------------------------------------------------------------------------------------------------------------
4      SOURCE OF FUNDS (SEE INSTRUCTIONS)                                                                            

          PF                                                                                                         
------ --------------------------------------------------------------------------------------------------------------
5      CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO  ITEMS 2(d) or 2(e)                      [ ] 

------ --------------------------------------------------------------------------------------------------------------
6      CITIZENSHIP OR PLACE OF ORGANIZATION                                                                          

                              United States                                                                          
------------------ ------ -------------------------------------------------------------------------------------------
NUMBER OF SHARES     7    SOLE VOTING POWER                                                                          
 BENEFICIALLY                                                                                                        
  OWNED BY                   531,950                                                                                 
    EACH           ------ -------------------------------------------------------------------------------------------
  REPORTING          8    SHARED VOTING POWER                                                                        
   PERSON                                                                                                            
    WITH                     0                                                                                       
                   ------ -------------------------------------------------------------------------------------------
                     9    SOLE DISPOSITIVE POWER                                                                     

                             531,950                                                                                 
                   ------ -------------------------------------------------------------------------------------------
                    10    SHARED DISPOSITIVE POWER                                                                   

                             0                                                                                       
------ --------------------------------------------------------------------------------------------------------------
11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                                                  

          531,950                                                                                                    
------ --------------------------------------------------------------------------------------------------------------
12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)                 [ ]  

------ --------------------------------------------------------------------------------------------------------------
13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                                                            

          4.6%                                                                                                       
------ --------------------------------------------------------------------------------------------------------------
14     TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)                                                                   

          IN                                                                                                         
------ --------------------------------------------------------------------------------------------------------------

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Introduction

   This Statement constitutes Amendment No. 1 to the filing by David
Simonini reporting the sale of certain shares of Optimum Source International,  
Ltd., a Nevada corporation (the "Company"). As a result of the sale of certain  
shares, Mr. Simonini's holdings are less than 5% of the outstanding shares of   
the Company.                                                                    

Item 1.    Security and Issuer.                                                 

      This statement relates to the common stock, par value $0.001 per
share, of the Company, whose principal executive office is at 4525 W. Hacienda  
Avenue, Suite 12H, Las Vegas, Nevada 89118.                                     

Item 2.    Identity and Background.                                             

(a)-(c)         David Simonini                            
President                 
       David Simonini Custom Homes, Inc.
501 E. Morehead, Suite 4  
Charlotte, NC  28202      

          (d) and (e) During the last five years (i) I have not been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors);
or (ii) I was not a party to a civil proceeding of a judicial or administrative 
body of competent jurisdiction and as a result of such proceeding was not or am 
not 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.                        

(f)    I am a citizen of the United States of America.    

Item 3.    Source and Amount of Funds or Other Consideration.                   

  I have used personal funds in the amount of $1,175,869.31 in
aggregate to purchase the shares of common stock reported in this statement.    

Item 4.    Purpose of Transaction.                                              

  I have acquired the securities of the Company for investment
purposes. I have no plans or proposals which would result in any of the         
consequences listed in paragraphs (a)-(j) of Schedule 13D.                      

Item 5.    Interest in Securities of the Issuer.                                

    (a) and (b) I have set forth in the table below the number and
percentage of shares of common stock beneficially owned by me as of the date    
herewith. The percentages are based upon 11,656,585 shares of common stock      
outstanding as reported by the Company in its Quarterly Report on Form 10-KSB   
for the period ended December 31, 2000.                                         

3 of 5

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                                                        [Enlarge/Download Table]

                Number of Shares     Number of Shares         Aggregate                    
                   of Beneficially     of Beneficially       Number of        Percentage   
                Owned With Sole     Owned with Shared            Shares        of Shares   
                     Voting and          Voting and          Beneficially    Beneficially  
     Name       Dispositive Power    Dispositive Power           Owned          Owned      
     ----       -----------------   -----------------------  --------------  --------------
                                                                                           
David Simonini        531,950                0                531,950              4.6%    

           (c) I have set forth in the table below a description of transactions
in the common stock of the Company by me in the period from March 14, 2001, the 
filing of the initial report on Schedule 13D to the date of this Statement.     

Date of          Number           Price                             
  Transaction      of Shares        Per Share         Where and How Effected
  -----------      ---------        ---------         ----------------------
3/21/01         10,000           1.8750          Over-the-counter 
                                                Open Market Sale
3/21/01          9,500           1.8750          Over-the-counter 
                                                Open Market Sale
3/21/01          5,000            1.850          Over-the-counter 
                                                Open Market Sale
3/21/01          5,000           1.7812          Over-the-counter 
                                                Open Market Sale
3/21/01          4,500           1.8125          Over-the-counter 
                                                Open Market Sale
3/21/01          4,500           1.7812          Over-the-counter 
                                                Open Market Sale
3/21/01            500           1.8600          Over-the-counter 
                                                Open Market Sale
3/21/01            500           1.7812          Over-the-counter 
                                                Open Market Sale
3/21/01            500           1.7600          Over-the-counter 
                                                Open Market Sale
3/23/01          1,000           1.9375          Over-the-counter 
                                                Open Market Sale
3/28/01            500            1.940          Over-the-counter 
                                                    Open Market Purchase
3/28/01            500            1.940          Over-the-counter 
                                                    Open Market Purchase
3/30/01          7,500           1.9000          Over-the-counter 
                                                Open Market Sale
3/30/01          4,500           1.8800          Over-the-counter 
                                                Open Market Sale
3/30/01          4,000           1.9000          Over-the-counter 
                                                Open Market Sale
3/30/01          1,500           1.9600          Over-the-counter 
                                                Open Market Sale
4 of 5

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3/30/01          1,500           1.9062          Over-the-counter 
                                                Open Market Sale
3/30/01          1,000           1.9062          Over-the-counter 
                                                Open Market Sale

         (d) No other person is known by me to have the right to receive, or
the power to direct the receipt of, dividends from, or the proceeds from the    
sale of, the shares of common stock owned by me and reported on this Statement. 

          (e) I ceased to be a beneficial owner of more than 5% of the Company's
common stock on March 21, 2001.                                                 

Item 6.    Contracts, Arrangements, Understandings or Relationships With        
Respect to Securities of the Issuer.                                            

        I am not a party to any contracts, arrangements, or understandings
with respect to any securities of the Company, including but not limited to the 
transfer or voting of any of the securities, finders fees, joint ventures, loan,
or option agreements, puts or calls, guarantees of profits, division of profits 
or loss, or the giving or withholding of proxies. None of the securities        
reported in this statement have been pledged or are otherwise subject to a      
contingency, the occurrence of which would give another person voting power or  
investment power over such securities.                                          

Item 7.    Material to be Filed as Exhibits.                                    

None                                                      

Signatures                                                                      

          After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this Statement is true, correct and 
complete.                                                                       

Dated this 11th day of April, 2001             s/ David Simonini                
                                   -----------------------------
                              David Simonini

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D/A’ Filing	Date	First	Last	Other Filings

Filed on:	4/12/01
	3/21/01	1	5
	3/14/01	4
	12/31/00	3		10KSB
				List all Filings

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Filing Submission 0000950168-01-000768 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Simonini David – ‘SC 13D/A’ on 4/12/01 re: Optimum Source International Ltd

On: Thursday, 4/12/01, at 2:42pm ET · Accession #: 950168-1-768 · File #: 5-61309

Previous ‘SC 13D’: ‘SC 13D’ on 3/15/01 · Latest ‘SC 13D’: This Filing

Amendment to General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents