Imagination TV Inc. (IMTV)

[buckhunter102001]

To Rich...I hope this helps with your understanding of beneficial ownership partner. There is more than one way to become beneficial owner...doesn't always require purchase on open market and subsequent Form 4 or 3. And consequently, since this filing and the last known numbers of beneficial ownership there has been no filings indicating insiders have sold shares. See Items 12 and 13 from the 10K filed in March 2012

http://www.sec.gov/Archives/edgar/data/1437596/000153098112000027/icpa_10k-dec312011.htm#page_28

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth information concerning the beneficial ownership of shares of our common stock with respect to stockholders who were known by us to be beneficial owners of more than 5% of our common stock as of November 15, 2006, and our officers and directors, individually and as a group. Unless otherwise indicated, the beneficial owner has sole voting and investment power with respect to such shares of common stock.

Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission ("SEC") and generally includes voting or investment power with respect to securities. In accordance with the SEC rules, shares of our common stock which may be acquired upon exercise of stock options or warrants which are currently exercisable or which become exercisable within 60 days of the date of the table are deemed beneficially owned by the optionees, if applicable.

The following table provides the names and addresses of each person known to us to own more than 5% of our outstanding common stock as of March 25, 2011, and by the officers and directors, individually and as a group. All shares are owned directly.

Steven Samblis
5428 S Bracken Court
Winter Park, FL 32792
President, Chief Executive Officer and Chairman
105,916,762
31.6%

Shawn Conti
3111 W De Leon #8
Tampa, FL 33609
Secretary, Treasurer and Director
67,500
>1%

Luke Martin
502 W. Babcock
Bozeman, MT 59715
Chief Technology Officer
247,000
>1%

Peter Messineo
1982 Otter Way
Palm Harbor, FL 34685
Chief Financial Officer
102,033,334
30.4%

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

In 2005, the Company issued 20,000,000 share of its stock valued at par ($50,000) in exchange for Steven Samblis’ development of ICPlaces.com websites. This cost and all related compensation to Steven Samblis (an officer of the Company) has been charged to expense in 2005. Following a 1:10 reverse split in 2007, and certain transfers affected for personal financial planning purposes, Steve Samblis owned 47,476,800. Steve Samblis converted $70,000 of debt payable for 4,000,000 shares of common stock, at the current fair market value of approximately $.0175 per share. Following a 1:30 split on June 11, 2010 and converting $70,000 debt to stock Steve Samblis owns 9,521,560 shares. As of December 31, 2011, Mr. Samblis beneficially ownes 105,916,762 shares of common stock.

http://taft.law.uc.edu/CCL/34ActRls/rule13d-1.html