PINX:BBLU Insider Activity 4 Filing - 4/30/2012

Effective Date 4/30/2012

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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 *
Davis Donald Jason
  2. Issuer Name and Ticker or Trading Symbol
Blue Earth, Inc. [bblu]
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)
11235 DEPRISE COVE
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2012
(Street)

SAN DIEGO, CA 92131
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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 04/30/2012 05/04/2012 C   11,074 A (1) 2,894,692 I(1) See note 1 below(1)
Common Stock 05/17/2012 05/17/2012 S   2,000 D $1.18(2) 2,892,692 D  
Common Stock 05/17/2012 05/17/2012 S   600 D $1.2 2,892,092 D  
Common Stock 05/18/2012 05/18/2012 S   500 D $1.2 2,891,582 D  
Common Stock 05/15/2012 05/15/2012 S   4,000 D $1.18(2) 2,887,592 I(3) See note 3 below(3)
Common Stock 05/17/2012 05/17/2012 S   2,000 D $1.2(2) 2,885,592 I(3) See note 3 below(3)
Common Stock 05/21/2012 05/21/2012 S   200 D $1.16(2) 2,885,392 D  
Common Stock 05/21/2012 05/21/2012 S   1,000 D $1.18(2) 2,884,392 D  
Common Stock 05/22/2012 05/22/2012 S   1,400 D $1.2 2,882,992 D  
Common Stock 05/29/2012 05/29/2012 S   1,000 D $1.19(2) 2,881,992 I(3) See note 3 below(3)
Common Stock 05/30/2012 05/30/2012 S   400 D $1.19(2) 2,881,592 D  

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
Warrant $1.16(1) 05/04/2012 05/04/2012 X   70,000   03/15/2012 03/15/2017 Common Stock 70,000 $1.16 646,400 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Davis Donald Jason
11235 DEPRISE COVE
SAN DIEGO, CA 92131
    X    

Signatures

 Donald Jason Davis   05/31/2012
** 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) Upon the execution of the Warrant for 70,000, the reporting person returned 58,926 to the treasury of the Company as consideration. 10,000 of the shares have been issued to the reporting person and 60,000 shares have been issued to a trust beneficially owned by the reporting person.
(2) The reporting person has agreed to refund the Issuer any imputed profits from these transactions, that may give rise to any liability under Section 16(b) of the Securities Exchange Act of 1934, as amended.
(3) Beneficially owned by a trust that the reporting person is the executor and beneficiary of the trust.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

PINX:BBLU Insider Activity 4 Filling

PINX:BBLU Stock - Get Insider Activity SEC Filing of PINX:BBLU stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

PINX:BBLU Insider Activity 4 Filing - 4/30/2012
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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