SEC Info - Quercus Trust, et al. - ‘SC 13D’ on 8/31/07 re: Environmental Power Corp

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Quercus Trust, et al. – ‘SC 13D’ on 8/31/07 re: Environmental Power Corp

On: Friday, 8/31/07, at 5:49pm ET · As of: 9/4/07 · Accession #: 1019687-7-2936 · File #: 5-39155

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

 9/04/07  Quercus Trust                     SC 13D      8/31/07    1:15K  Environmental Power Corp          Publicease Inc/FA
          David Gelbaum, Trustee
          Monica Chavez Gelbaum, Trustee
          The Quercus Trust

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              8     32K

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
5	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
6	Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
"	Item 7. Material to Be Filed as Exhibits

SC 13D 1st Page of 8 TOC ↑Top Previous Next ↓Bottom Just 1st
 
CUSIP No. 29406L201                                                             

 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D

 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 Environmental Power Corporation

(Name of Issuer)

Common Stock

(Title of Class of Securities)

 29406L201

(CUSIP Number)

Joseph P. Bartlett, Esq.
Greenberg Glusker Fields Claman & Machtinger LLP
1900 Avenue of the Stars, Suite 2100
 Los Angeles, CA 90067
(310) 201-7481

 (Name, Address and Telephone Number of Person Authorized to Receive Notices
 and Communications)

 August 23, 2007
 (Date of Event which Requires Filing of this Statement)

If the reporting 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 Sections 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 Section 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).                                                                         

SC 13D 2nd Page of 8 TOC 1st Previous Next ↓Bottom Just 2nd
CUSIP No. 29406L201                                                             

--------------------------------------------------------------------------------
1.   Name of Reporting Persons.                                                 
I.R.S. Identification Nos. of above persons (entities only).          

David Gelbaum, Trustee, The Quercus Trust                             
--------------------------------------------------------------------------------
2.   Check the Appropriate Box If a Member of a Group (See Instructions)        
(a)  [X]                                                              
(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                                       
U.S.                                                                  
--------------------------------------------------------------------------------
7.   Sole Voting Power                            
NUMBER OF         -0-                                                       
   SHARES      -----------------------------------------------------------------
BENEFICIALLY   8.   Shared Voting Power                                         
OWNED BY           529,100                                                    
    EACH       -----------------------------------------------------------------
REPORTING    9.   Sole Dispositive Power                                    
PERSON           -0-                                                      
    WITH       -----------------------------------------------------------------
10.  Shared Dispositive Power                     
529,100                                 
--------------------------------------------------------------------------------
11.  Aggregate Amount Beneficially Owned by Each Reporting Person               
529,100                                                               
--------------------------------------------------------------------------------
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)                         
5.2%(1)                                                               
--------------------------------------------------------------------------------
14.  Type of Reporting Person (See Instructions)                                
IN                                                                    
--------------------------------------------------------------------------------

______________________                                                          

(1)   Based on 10,122,491 shares of Common Stock outstanding, as reported in the
    Issuer's Quarterly Report on Form 10-Q for the quarter period ended June
30, 2007.                                                           

2 

SC 13D 3rd Page of 8 TOC 1st Previous Next ↓Bottom Just 3rd
CUSIP No. 29406L201                                                             

--------------------------------------------------------------------------------
1.   Name of Reporting Persons.                                                 
I.R.S. Identification Nos. of above persons (entities only).          

Monica Chavez Gelbaum, Trustee, The Quercus Trust                     
--------------------------------------------------------------------------------
2.   Check the Appropriate Box If a Member of a Group (See Instructions)        
(a)  [X]                                                              
(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                                       
U.S.                                                                  
--------------------------------------------------------------------------------
7.   Sole Voting Power                            
NUMBER OF         -0-                                                       
   SHARES      -----------------------------------------------------------------
BENEFICIALLY   8.   Shared Voting Power                                         
OWNED BY           529,100                                                    
    EACH       -----------------------------------------------------------------
REPORTING    9.   Sole Dispositive Power                                    
PERSON           -0-                                                      
    WITH       -----------------------------------------------------------------
10.  Shared Dispositive Power                     
529,100                                 
--------------------------------------------------------------------------------
11.  Aggregate Amount Beneficially Owned by Each Reporting Person               
529,100                                                               
--------------------------------------------------------------------------------
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)                         
5.2%(1)                                                               
--------------------------------------------------------------------------------
14.  Type of Reporting Person (See Instructions)                                
IN                                                                    
--------------------------------------------------------------------------------

______________________                                                          

(1)   Based on 10,122,491 shares of Common Stock outstanding, as reported in the
    Issuer's Quarterly Report on Form 10-Q for the quarter period ended June
30, 2007.                                                           

3 

SC 13D 4th Page of 8 TOC 1st Previous Next ↓Bottom Just 4th
CUSIP No. 29406L201                                                             

--------------------------------------------------------------------------------
1.   Name of Reporting Persons.                                                 
I.R.S. Identification Nos. of above persons (entities only).          

The Quercus Trust                                                     
--------------------------------------------------------------------------------
2.   Check the Appropriate Box If a Member of a Group (See Instructions)        
(a)  [X]                                                              
(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                                       
U.S.                                                                  
--------------------------------------------------------------------------------
7.   Sole Voting Power                            
NUMBER OF         -0-                                                       
   SHARES      -----------------------------------------------------------------
BENEFICIALLY   8.   Shared Voting Power                                         
OWNED BY           529,100                                                    
    EACH       -----------------------------------------------------------------
REPORTING    9.   Sole Dispositive Power                                    
PERSON           -0-                                                      
    WITH       -----------------------------------------------------------------
10.  Shared Dispositive Power                     
529,100                                 
--------------------------------------------------------------------------------
11.  Aggregate Amount Beneficially Owned by Each Reporting Person               
529,100                                                               
--------------------------------------------------------------------------------
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)                         
5.2%(1)                                                               
--------------------------------------------------------------------------------
14.  Type of Reporting Person (See Instructions)                                
OO                                                                    
--------------------------------------------------------------------------------

_____________________                                                           

(1)   Based on 10,122,491 shares of Common Stock outstanding, as reported in the
    Issuer's Quarterly Report on Form 10-Q for the quarter period ended June
30, 2007.                                                           

4 

SC 13D 5th Page of 8 TOC 1st Previous Next ↓Bottom Just 5th
Item 1.  Security and Issuer                                                    

Issuer: Environmental Power Corporation                             

Security: Common Stock                                              

Item 2.  Identity and Background                                                

 (a) This Statement is being filed by The Quercus Trust (the "Trust"),
David Gelbaum, an individual, as co-trustee of the Trust, and Monica Chavez     
Gelbaum, an individual, as co-trustee of the Trust (collectively, the "reporting
persons").                                                                      

(b) The reporting persons' business address is 2309 Santiago Drive, 
Newport Beach, California 92660.                                                

     (c) David Gelbaum and Monica Chavez Gelbaum are investors; the Trust is a
revocable trust formed for estate planning purposes.                            

   (d) None of the reporting persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar     
misdemeanors).                                                                  

     (e) None of the reporting persons has, during the past five years, 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.                                            

(f) Each of Mr. and Ms. Gelbaum is a citizen of the United States of
America. The Trust is a California statutory trust.                             

Item 3.  Source and Amount of Funds or Other Consideration                      

 All shares of Common Stock were purchased using personal funds.

Item 4.  Purpose of Transaction                                                 

 The shares of Common Stock were purchased by the Trust for investment
purposes. The reporting persons have no plans or proposals which relate to or   
which would result in any of the actions specified in clauses (a) through (j) of
Item 4 of Schedule 13D. However, the reporting persons retain their rights to   
modify their plans with respect to the transactions described in this Schedule  
13D, to vote, acquire or dispose of securities of the Issuer and to formulate   
plans and proposals which could result in the occurrence of any such events,    
subject to applicable laws and regulations.                                     

Item 5.  Interest in Securities of the Issuer                                   

(a) As of the date of this Schedule 13D, each reporting person      
beneficially owns 529,100 shares of Common Stock, which are held of record by   
the Trust.                                                                      

      (b) Each of David Gelbaum and Monica Chavez Gelbaum, acting alone, has the
power to exercise voting and investment control over the shares of Common Stock 
owned by the Trust.                                                             

SC 13D 6th Page of 8 TOC 1st Previous Next ↓Bottom Just 6th
      (c) Since June 23, 2007, the Trust has purchased shares of Common Stock in
brokered transactions as follows:                                               

          Date               Number of Shares          Price Per Share
          ----               ----------------          ---------------
   6/25/2007                   4,800                  $ 8.8331
   6/26/2007                  10,000                  $ 8.8710
   6/27/2007                   9,100                  $ 8.7703
   6/28/2007                   6,000                  $ 8.7495
   6/29/2007                   9,300                  $ 8.8888
    7/2/2007                   6,400                  $ 8.8534
    7/3/2007                   1,300                  $ 8.8592
    7/5/2007                   4,500                  $ 8.7420
    7/6/2007                   6,500                  $ 8.7548
    7/9/2007                  20,300                  $ 8.8893
   7/10/2007                   5,700                  $ 8.6507
   7/11/2007                   9,800                  $ 8.5801
   7/12/2007                  32,200                  $ 8.7300
   7/13/2007                  26,200                  $ 8.6600
   7/16/2007                  141,400                 $ 9.0270
   7/17/2007                  43,000                  $ 8.8241
   7/18/2007                  35,000                  $ 8.6598
   7/19/2007                  20,900                  $ 8.7430
   7/20/2007                  15,000                  $ 8.6950
   7/23/2007                   6,100                  $ 8.8379
   8/20/2007                   4,258                  $ 5.5778
   8/21/2007                   4,200                  $ 5.6460
   8/22/2007                  16,000                  $ 5.7255
   8/23/2007                  30,042                  $ 5.9981
   8/24/2007                  13,800                  $ 5.6972

(d) Not applicable.                                                 

(e) Not applicable.                                                 

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

     Pursuant to the Power of Attorney filed as Exhibit "B" to Amendment No. 1
to Schedule 13D filed on August 24, 2007 with respect to the issuer Emcore      
Corp., David Gelbaum has been appointed as Monica Chavez Gelbaum's              
Attorney-In-Fact.                                                               

Item 7.  Material to Be Filed as Exhibits                                       

Exhibit A: Agreement Regarding Joint Filing of Schedule 13D.        

6 

SC 13D 7th Page of 8 TOC 1st Previous Next ↓Bottom Just 7th
SIGNATURE                                                                       

      After reasonable inquiry and to the best of its knowledge and belief, each
of the undersigned certifies that the information set forth in this statement is
true, complete and correct and agrees that this statement may be filed jointly  
with the other undersigned parties.                                             

Dated:  August 31, 2007           /s/ David Gelbaum                             
                                  ----------------------------------------------
                                  David Gelbaum, Co-Trustee of The Quercus Trust

                              /s/ David Gelbaum, as Attorney-In-Fact for
                 Monica Chavez Gelbaum
                                  ----------------------------------------------
                            Monica Chavez Gelbaum, Co-Trustee of The
 Quercus Trust

     /s/ David Gelbaum
                                  ----------------------------------------------
                                The Quercus Trust, David Gelbaum, Co-Trustee
        of The Quercus Trust

7 

SC 13D Last Page of 8 TOC 1st Previous Next ↓Bottom Just 8th
CUSIP No. 29406L201                                                             

 EXHIBIT A

AGREEMENT REGARDING JOINT FILING OF SCHEDULE 13D

  The undersigned agree that the Schedule 13D with respect to the Common
Stock of Environmental Power Corporation is a joint filing being made on their  
behalf.                                                                         

Dated:  August 31, 2007           /s/ David Gelbaum                             
                                  ----------------------------------------------
                                  David Gelbaum, Co-Trustee of The Quercus Trust

                              /s/ David Gelbaum, as Attorney-In-Fact for
                 Monica Chavez Gelbaum
                                  ----------------------------------------------
                            Monica Chavez Gelbaum, Co-Trustee of The
 Quercus Trust

     /s/ David Gelbaum
                                  ----------------------------------------------
                                The Quercus Trust, David Gelbaum, Co-Trustee
        of The Quercus Trust

8

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Dates Referenced Herein and Documents Incorporated by Reference

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

Filed as of:	9/4/07			SC 13D
Filed on:	8/31/07	7	8	8-K, SC 13D
	8/24/07	6		4, SC 13D/A
	8/23/07	1		4
	6/30/07	2	4	10-Q
	6/23/07	6
				List all Filings

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Filing Submission 0001019687-07-002936 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Quercus Trust, et al. – ‘SC 13D’ on 8/31/07 re: Environmental Power Corp

On: Friday, 8/31/07, at 5:49pm ET · As of: 9/4/07 · Accession #: 1019687-7-2936 · File #: 5-39155

Previous ‘SC 13D’: ‘SC 13D’ on 9/4/07 · Next: ‘SC 13D’ on 9/4/07 · Latest: ‘SC 13D/A’ on 8/10/11

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

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

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