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OMB APPROVAL
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OMB Number 3235-0145
Expires: December 31, 2005
Estimated average burden
hours per response 11
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
SpaceDev, Inc.
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(Name of Issuer)
$0.0001 par value common stock
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(Title of Class of Securities)
846241 10 7
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(CUSIP Number)
Mark N. Sirangelo - 13855 Stowe Drive, Poway, California 92064 (858) 375-2000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 30, 2005
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(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. 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 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).
PAGE
CUSIP No. 84621 10 7
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1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Mark N. Sirangelo
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2. Check the Appropriate Box If a Member of a Group (See Instructions)
(a) [_]
(b) [_]
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3. SEC Use Only
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4. Source of Funds (See Instructions)
PF
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5. Check If Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [_]
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6. Citizenship or Place of Organization
USA
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7. Sole Voting Power
NUMBER OF 0
SHARES -----------------------------------------------------------------
BENEFICIALLY 8. Shared Voting Power
OWNED BY 0
EACH -----------------------------------------------------------------
REPORTING 9. Sole Dispositive Power
PERSON 1,900,000
WITH -----------------------------------------------------------------
10. Shared Dispositive Power
0
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,900,000
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12. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [_]
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13. Percent of Class Represented by Amount in Row (11)
7.17%
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14. Type of Reporting Person (See Instructions)
IN
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PAGE
ITEM 1. SECURITY AND ISSUER
SpaceDev, Inc. ("SpaceDev")
Common Stock, $0.0001 par value
13855 Stowe Drive
Poway, California 92064
ITEM 2. IDENTITY AND BACKGROUND
(a) Mark N. Sirangelo
(b) 13855 Stowe Dr. Poway, CA. 92064
(c) Chief Executive Officer, Vice Chairman and Director of SpaceDev, the
address for which is set forth above.
(d) N/A
(e) N/A
(f) U.S. Citizen
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On December 20, 2005, SpaceDev granted to Mr. Sirangelo vested options to
purchase up to an aggregate of 1,900,000 shares at a price of $1.40 per share.
These options were granted to Mr. Sirangelo in connection with his employment by
SpaceDev. Subject to certain limitations, the option may be exercised by means
of a net exercise provision by surrendering shares with a fair market value of
the exercise price upon exercise. Mr. Sirangelo has not exercised any of his
options as of the date hereof.
ITEM 4. PURPOSE OF TRANSACTION
No shares have been purchased by Mr. Sirangelo. The options were acquired
by Mr. Sirangelo as part of his compensation in connection with his employment
by SpaceDev. Mr. Sirangelo does not have any current or specific plans or
proposals of the type required to be reported herein, although he may from time
to time be involved in developing or analyzing plans or proposals that could
affect SpaceDev in connection with the services he renders to SpaceDev as a part
of his employment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Mr. Sirangelo is deemed to be the beneficial owner of 1,900,000 shares
of common stock, or 7.17% of the outstanding shares, including the shares that
would be outstanding if the shares that Mr. Sirangelo has the right to purchase
were actually outstanding. All of these shares are subject to options granted to
Mr. Sirangelo in connection with his employment by SpaceDev. Thus, of the shares
as to which Mr. Sirangelo is deemed to be the beneficial owner, Mr. Sirangelo
has no sole or shared voting power, and Mr. Sirangelo has sole dispositive power
with respect to all 1,900,000 shares.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
PAGE
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
December 30, 2005
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Date
/s/ Mark N. Sirangelo
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Signature
Mark N. Sirangelo
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Name/Title
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)