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... 0.5
                      
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 *

Desai Dinesh 		2. Issuer Name and Ticker or Trading Symbol

EMTEC INC/NJ [ ETEC.OB ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman, CEO and President
(Last)          (First)          (Middle)

11 DIAMOND RD 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/2/2010
(Street)

SPRINGFIELD, NJ 07081
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

_ X _ Form filed by One Reporting Person
___ 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

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 Warrant (right to buy)     (1) 8/2/2010     D         1.0000   (1)   8/5/2005   8/5/2010   Common Stock   1401733.0000     (2) 0.0000   I   By DARR Westwood LLC   (3)
Common Stock Warrant (right to buy)   $2.1100   8/2/2010     A      1.0000   (1)      8/2/2010   8/2/2015   Common Stock   1401733.0000     (2) 1401733.0000   I   By DARR Westwood LLC   (3)

Explanation of Responses:
( 1)  The exercise price was $2,956,601.60 divided by that number of shares of common stock of Emtec, Inc. as would have equaled 8% of Emtec, Inc. common stock outstanding at the time of and after giving effect to the exercise of the warrant on a fully diluted basis.
( 2)  Represents an exchange of warrants with the issuer pursuant to a letter agreement dated August 2, 2010, between Emtec, Inc. and DARR Westwood LLC, which was approved by the board of directors of the issuer. A copy of the letter agreement is filed as Exhibit 10.1 to the Current Report of Emtec, Inc. on Form 8-K filed with the SEC on August 6, 2010.
( 3)  The reporting person is the sole member of DARR Westwood LLC. The reporting person disclaims beneficial ownership of any securities, and any proceeds thereof, that exceed his pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Desai Dinesh
11 DIAMOND RD
SPRINGFIELD, NJ 07081 		X X Chairman, CEO and President

Signatures
/s/ Dinesh Desai 8/20/2010
** 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.
Emtec (CE) (USOTC:ETEC)
過去 株価チャート
から 5 2024 まで 6 2024 Emtec (CE)のチャートをもっと見るにはこちらをクリック
Emtec (CE) (USOTC:ETEC)
過去 株価チャート
から 6 2023 まで 6 2024 Emtec (CE)のチャートをもっと見るにはこちらをクリック