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CUSIP No. 22787P 107 – Common Stock
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1.
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Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
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Peter Lee
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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(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)
PF
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ________________________________________________
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6.
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Citizenship or Place of Organization
Hong Kong
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Number of
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7.
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Sole Voting Power
7,003,000 (
see Item 5 below)
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Shares
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Beneficially
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8.
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Shared Voting Power
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Owned by
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Each
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9.
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Sole Dispositive Power
7,003,000 (
see Item 5 below)
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Reporting
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10.
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Shared Dispositive Power
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Person
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With
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
7,003,000 (
see Item 5 below)
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
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13.
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Percent of Class Represented by Amount in Row (11)
10.71% (
see Item 5 below)
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14.
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Type of Reporting Person (See Instructions)
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IN
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ITEM 1. Security and Issuer
This statement relates to shares of Series B Convertible Preferred Stock (“Preferred Stock”) of CrowdGather, Inc., a Nevada corporation (the “Issuer”) which are convertible into shares of common stock (“Common Stock”). The principal executive offices of the Issuer are located at 20300 Ventura Blvd., Suite 330, Woodland Hills, CA 91364.
ITEM 2. Identity and Background
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(a)
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Name:
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Peter Lee
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(b)
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Business Address:
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Evelyn Tower, 14
th
Fl., Flat E, 38 Cloudview Road, North Point, Hong Kong
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(c)
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Present Principal Occupation:
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Investor.
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(d)
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Disclosure of Criminal Proceedings:
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Mr. Lee has not been convicted in any criminal proceeding at any time.
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(e)
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Disclosure of Civil Proceedings:
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Mr. Lee has not been subject to any judgment, decree or final order enjoining violations of or prohibiting or mandating activities subject to federal or state securities laws or finding any violations with respect to such laws.
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(f)
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Citizenship:
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Mr. Lee is a citizen of Hong Kong.
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ITEM 3. Source and Amount of Funds or Other Consideration
On April 8, 2013, pursuant to a Securities Purchase Agreement entered into with the Issuer (“Purchase Agreement”), Mr. Lee purchased 300,000 shares of Preferred Stock, which are convertible to 6,000,000 shares of Common Stock
and warrants to purchase up to 3,000,000 of Common Stock at an exercise price of $0.08 per share which expire on
April 8, 2013 (“Warrants”), in exchange for cash of $300,000 which was from his personal funds. The Warrants contain a limitation on exercise which prevents Mr. Lee from exercising any Warrants if, after giving effect to the exercise, Mr. Lee would beneficially own more than 4.99% of the outstanding shares of Common Stock. Mr. Lee may elect to increase this limitation to 9.99%, upon not less than 61 days prior written notice to the Issuer.
In addition to the above transaction, Mr. Lee beneficially owns 1,003,000 shares of Common Stock which were previously acquired in private transactions.
ITEM 4. Purpose of Transaction
Mr. Lee purchased the Preferred Stock, Common Stock and warrants described above for investment purposes. The Purchase Agreement provides that Mr. Lee will purchase an additional 300,000 shares of Preferred Stock and Warrants for a purchase price of $300,000 on or before July 12, 2013, and up to an additional 400,000 shares of Preferred Stock and Warrants for a purchase price of $400,000 on or before October 12, 2013.
ITEM 5. Interest in Securities of the Issuer
Mr. Lee beneficially owns a total of 7,003,000 shares of the Issuer’s Common Stock as follows:
(a) Mr. Lee directly and personally owns 7,003,000 shares of the Issuer’s Common Stock which comprises 10.71% of the Issuer’s total issued and outstanding shares assuming the conversion of all of the Preferred Stock owned by Mr. Lee.
(b) Mr. Lee has sole voting and dispositive power as to the 7,003,000 shares he owns directly.
(c)
As described in Item 3 above, o
n April 8, 2013, pursuant to the Purchase Agreement entered into with the Issuer, Mr. Lee purchased 300,000 shares of Preferred Stock, which are convertible to 6,000,000 shares of Common Stock
and the
Warrants, in exchange for cash of $300,000 which was from his personal funds. The Warrants contain a limitation on exercise which prevents Mr. Lee from exercising any Warrants if, after giving effect to the exercise, Mr. Lee would beneficially own more than 4.99% of the outstanding shares of Common Stock. Mr. Lee may elect to increase this limitation to 9.99%, upon not less than 61 days prior written notice to the Issuer.
(d) Not Applicable.
(e) Not Applicable.
Item 6. Contacts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The Purchase Agreement and the Certificate of Designation for the Preferred Stock are included as exhibits to the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on or about April 9, 2013.
Item 7. Material to Be Filed as Exhibits
None.
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.
Date: April 18, 2013
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PETER LEE
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/s/ Peter Lee
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Peter Lee
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The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001)
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