| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
GLOBAL GOLD CORP [ GBGD.OB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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| 3. Date of Earliest Transaction
(Month/Day/Year)
04/03/2006 |
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| 4. If Amendment, Date of Original Filed
(Month/Day/Year)
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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 | ||||||
| Common Stock, par value $0.001 | 04/03/2006 | P | 100,000 | A | $1.25 | 5,973,167 ( 1 ) | I | See footnote ( 2 ) ( 3 ) | ||
| Common Stock, par value $0.001 | 11/29/2006 | X | 3,000,000 | A | $0.75 | 8,973,167 | I | See footnote ( 2 ) ( 3 ) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) |
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 Purchase Warrants (right to buy) | $2 | 04/03/2006 | A | 33,333 | 04/03/2006 | 04/01/2008 | Common Stock, par value $0.001 | 33,333 | $0 | 33,333 | I | See footnote ( 2 ) ( 3 ) | |||
| Common Stock Purchase Warrants (right to buy) | $0.75 | 11/29/2006 | X | 3,000,000 | 11/04/2004 | 12/01/2006 | Common Stock, par value $0.001 | 3,000,000 | $0 | 0 | I | See footnote ( 2 ) ( 3 ) | |||
| Common Stock Purchase Warrants (right to buy) | $1.5 | 07/29/2005 | A | 1,000,000 ( 4 ) | 07/29/2005 | 07/31/2007 | Common Stock, par value $0.001 | 1,000,000 ( 4 ) | $0 | 1,000,000 ( 5 ) | I | See footnote ( 2 ) ( 3 ) | |||
| Explanation of Responses: |
| 1. Reported in the Form 4 filed on August 8, 2005 on behalf of the Reporting Person as 9,873,167, which included 4,000,000 unexercised Warrants. |
| 2. The Reporting Person is the majority owner of Firebird Management LLC ("Management"), FGS Advisors LLC ("FGS") and Firebird Avrora Advisors LLC ("Avrora") and may be deemed to control each of Management, FGS and Avrora. Management, FGS and Avrora act as investment advisors to, respectively, Firebird Republics Fund, Ltd., Firebird Global Master Fund, Ltd., and Firebird Avrora Fund, Ltd. (collectively, the "Funds" and individually, each a "Fund") that own the shares and warrants subject to this Form 4. FGS is also the General Partner of Firebird Global Fund, LP, that invests substantially all of its assets in Firebird Global Master Fund, Ltd. As investment advisers to the Funds, each of Management, FGS and Avrora has voting and investment control with respect to the shares held by the Fund that it advises. The Reporting Person may be deemed to have an indirect interest in certain of the shares owned by the Funds through his indirect holdings in the Funds. |
| 3. The Reporting Person disclaims beneficial ownership of all shares except to the extent of any pecuniary interest therein and this filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purposes. |
| 4. Reported in the Form 4 filed on August 8, 2005 on behalf of the Reporting Person as 2,000,000. |
| 5. Reported in the Form 4 filed on August 8, 2005 on behalf of the Reporting Person as 9,873,167, which included non-derivative securities held by the Reporting Person and multiple types of Warrants. |
| Remarks: |
| /s/ Harvey Sawikin | 12/01/2006 | |
| ** 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 Number. | ||