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1
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NAMES OF REPORTING PERSONS.
Russell C. Weigel, III
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) o
(b) ¨
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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| 5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
o
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| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION
US
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE VOTING POWER
4,843,403 Common
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8
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SHARED VOTING POWER
0 shares
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9
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SOLE DISPOSITIVE POWER
4,843,403 Common
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10
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SHARED DISPOSITIVE POWER
0 shares
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,843,403 Common
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
o
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| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.8% of Common
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| 14 |
TYPE OF REPORTING PERSON
IN
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Item 1.
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Security and Issuer
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This statement relates to the Common Stock, par value $0.001 per share (the “Common Stock”), of View Systems, Inc., a Nevada corporation (the “Company”), which has its principal office at 1550 Caton Center Dr., Suite E, Baltimore MD 21227.
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Item 2.
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Identity and Background
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(a) Name: This statement is being filed by Russell C. Weigel, III (the “Reporting Person”) as the beneficial owner of shares issued to Russell C. Weigel, III, P.A., a professional corporation of which the Reporting Person is the sole shareholder (the “Law Firm”).
(b) Residence or Business Address: 5775 Blue Lagoon Drive, Suite 100, Miami, FL 33126.
(c) Present Principal Occupation and Address: Lawyer, same address.
(d) During the past five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) and
(e) During the past five years, the Reporting Person has not 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) Citizenship: USA
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Item 3.
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Source and Amount of Funds or Other Consideration
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The Reporting Person acquired beneficial ownership of 4,000,000 common shares of the Company at $0.005 per share and 1,500,000 common shares of the Company at $0.04 per share on different dates in 2010 and 2011. All shares were received as payment for legal services rendered to the Company by the Law Firm.
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Item 4.
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Purpose of Transaction
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The Reporting Person acquired beneficial ownership of the shares on different dates in exchange for the Law Firm’s forgiveness of accounts receivable. The Law Firm received 4,000,000 restricted shares on May 26, 2011 from the Company, which resulted in the Law Firm owning a total of 5,500,000 shares of Company common stock. Of these shares, the Law Firm has sold 656,597 shares.
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Item 5.
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Interest in Securities of the Issuer
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Mr. Weigel beneficially owns 4,843,403 shares of Common Stock as of the date of this report which represents 2.8% of the outstanding Common Stock of the Company based on 170,421,178 shares of outstanding common stock as reported in the last available filing with the Securities and Exchange Commission. The shares beneficially owned by Mr. Weigel represent 4,843,403 shares held by the Law Firm.
The Law Firm sold a total of 656,597 shares of Common Stock between November 21, 2012 and December 31, 2012 at prices ranging between $0.0285 and $0.038 per share for net proceeds of $20,258.78. The shares were sold by a broker on a discretionary basis pursuant to blind trust instructions.
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Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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On November 21, 2012, the Law Firm submitted a blind trust discretionary sale order to its securities broker for sale of up to 1,000,000 shares of Common Stock with an instruction to cease selling when net proceeds of $20,000 had been reached or 90 days had passed, whichever came first. The blind trust instruction also contained volume and price limitations. The blind trust instruction has terminated by its terms.
As of the date of this report, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Person or the Law Firm and any other person with respect to any securities of the Company.
The shares sold and the shares held represent payment for legal services rendered by the Law Firm. From time to time, the Law Firm will convert the remaining shares into cash to meet its business needs. Thus, the Law Firm does not intend to hold the remaining shares for long term investment purposes and will liquidate all shares at such times as market conditions and legal compliance considerations permit.
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Item 7.
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Material to be Filed as Exhibits
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None
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January 11, 2013
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Date
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/s/ Russell C. Weigel, III
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Signature
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Russell C. Weigel, III
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