UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

 

 

 

Legend Oil and Gas, Ltd.

(Name of Issuer)

 

 

 

Common Stock

(Title of Class of Securities)

 

524 90 C101

(CUSIP Number)

 

December 31, 2011

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

 

*   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 the disclosures provided in a prior cover page.

The information required in 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 (“Act”) 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).

 

 

 


 

CUSIP NO. 524 90 C101   Schedule 13G   Page 2 of 4 Pages

 

  1.   

Names of Reporting Persons

 

James Vandeberg

  2.  

Check Appropriate Box if a Member of a Group:

(a)   ¨         (b)   ¨

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization

 

U.S. citizen

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.    

Sole Voting Power

 

6,265,000

   6.   

Shared Voting Power

 

-0-

   7.   

Sole Dispositive Power

 

6,265,000

   8.   

Shared Dispositive Power

 

-0-

  9.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,265,000

10.

 

Check Box if Aggregate Amount in Row “9” Excludes Certain Shares     ¨

 

11.

 

Percent of Class Represented by Amount in Row “9”

 

12.3%

12.

 

Type of Reporting Person

 

IN

 


 

CUSIP NO. 524 90 C101   Schedule 13G   Page 3 of 4 Pages

 

Item 1.  

(a)    Name of Issuer

   Legend Oil and Gas, Ltd.
 

(b)    Address of Issuer’s Principal Executive Offices

  

1420 5 th  Avenue, Suite 2200

Seattle, Washington 98101

Item 2.  

(a)    Name of Person Filing

   James Vandeberg
 

(b)    Address of Principal Business Office or, if none, Residence

  

c/o Legend Oil and Gas, Ltd.

1420 5 th Avenue, Suite 2200

Seattle, Washington 98101

 

(c)    Citizenship

   U.S. citizen
 

(d)    Title of Class of Securities

   Common Stock
 

(e)    CUSIP Number

   524 90 C101

Item 3.

  If this Statement is Filed Pursuant §§ 240.13d-1(b), or § 240.13d-2(b) or (c), check whether the person filing is a :
 

(a)     ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o)

 

(b)     ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c)

 

(c)     ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c)

 

(d)     ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8)

 

(e)     ¨ Investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E)

 

(f)      ¨ Employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F)

 

(g)     ¨ Parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G)

 

(h)     ¨ Savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)

 

(i)      ¨ Church plan excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3)

 

(j)      ¨ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J)

 

(k)     ¨ Group, in accordance with § 240.13d-1(b)(1)(ii)(K)

Item 4.

  Ownership
 

(a)    Amount beneficially owned

   6,265,000 (1)
 

(b)    Percent of class

   12.3% (2)
 

(c)    Number of shares as to which the person has:

  
 

(i)     sole power to vote or direct the vote  

   6,265,000 (1)
 

(ii)    shared power to vote or to direct the vote

   -0-
 

(iii)  sole power to dispose of or direct disposition

   6,265,000 (1)
 

(iv)   shared power to dispose of or direct disposition

   -0-

 

(1) The 6,265,000 shares beneficially owned by Mr. Vandeberg consist of (a) 5,965,000 shares owned directly and (b) 300,000 shares subject to options exercisable by Mr. Vandeberg within 60 days of December 31, 2011.
(2) Calculated in accordance with Exchange Act Rule 13d-3; based on a total of 50,942,516 shares of common stock, consisting of 50,642,516 shares outstanding as of close of business on January 10, 2012 (as reflected in Issuer’s Form 8-K/A filed on January 11, 2012) plus 300,000 shares subject to options granted to Mr. Vandeberg and exercisable within 60 days of December 31, 2011.


 

CUSIP NO. 524 90 C101   Schedule 13G   Page 4 of 4 Pages

 

Item 5.    Ownership of Five Percent or Less of a Class.   
   If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following    [not applicable]
Item 6.    Ownership of More than Five Percent on Behalf of Another Person    [not applicable]
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company of Control Person    [not applicable]
Item 8.    Identification and Classification of Members of Group    [not applicable]
Item 9.    Notice of Dissolution of Group    [not applicable]
Item 10.    Certifications    [not applicable]

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.

 

February 13, 2012
(Date)

/s/ James Vandeberg

(Signature)
Legend Oil and Gas (CE) (USOTC:LOGL)
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