XNAS:NEXS Insider Activity 4 Filing - 10/3/2012

Effective Date 10/3/2012

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
RVL 1 LLC
  2. Issuer Name and Ticker or Trading Symbol
Nexxus Lighting, Inc. [NEXS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O ASTON CAPITAL, LLC, 177 BROAD STREET
3. Date of Earliest Transaction (Month/Day/Year)
10/03/2012
(Street)

STAMFORD, CT 06901
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 per share 10/03/2012   C   17,552,769(1) A $0.13 17,552,769(1) D(1)  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Underlying Securities
(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 of Derivative Security: 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
Series B Convertible Preferred Stock, par value $0.001 per s $0.13 10/03/2012   C     228,186(2)   (2)   (2) Common Stock, par value $0.001 per share 17,552,769(1)(2) $ 0 371,814(3) D(1)  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
RVL 1 LLC
C/O ASTON CAPITAL, LLC, 177 BROAD STREET
STAMFORD, CT 06901
    X    
Aston Capital LLC
177 BROAD STREET
STAMFORD, CT 06901
    X    

Signatures

 /s/ Robert V. LaPenta, CEO, RVL 1 LLC, CEO, Aston Capital LLC   10/05/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) On October 3, 2012, RVL 1 LLC ("RVL") converted 228,186 shares of Series B Convertible Preferred Stock, par value $0.001 per share (the "Preferred Stock") into 17,552,769 shares of common stock, par value $0.001 (the "Common Stock"). Accordingly, as of October 3, 2012, RVL held directly (i) 17,552,769 shares of Common Stock and (ii) 371,814 shares of Preferred Stock. Aston Capital LLC ("Aston") is the managing member of RVL. As a result of the foregoing, Aston possesses the power to vote and to direct the disposition of the securities of Nexxus Lighting, Inc. (the "Company") beneficially owned by RVL and may be deemed to beneficially own such securities. Each Reporting Person's interest in the securities reported herein is limited to the extent of its pecuniary interest, if any.
(2) The 228,186 shares of Preferred Stock are convertible into 17,552,769 shares of Common Stock at the option of the holder, RVL, at a conversion price of $0.13 per share, subject to certain anti-dilution adjustments, and have no expiration date.
(3) The 371,814 shares of Preferred Stock are convertible into 28,601,076 shares of Common Stock at the option of the holder, RVL, at a conversion price of $0.13 per share, subject to certain anti-dilution adjustments, and have no expiration date. As of October 3, 2012 there is an insufficient number of authorized shares of Common Stock to effect the full conversion of the Preferred Stock. Accordingly, as of October 3, 2012, the Company has reserved 1,824,317 shares of Common Stock for issuance upon conversion of 23,716 shares of Preferred Stock. The Company anticipates increasing the authorized number of Common Stock, at which point it will reserve the entire 28,601,076 shares of Common Stock necessary for the conversion of all of the Preferred Stock.

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XNAS:NEXS Insider Activity 4 Filling

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XNAS:NEXS Insider Activity 4 Filing - 10/3/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Title |  Date |  Company |  Symbol |  Interest |  Popularity

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