Looks like last fall HIRSCH STEPHANIE a former officer dumped shares on 10/15/2008 and they were picked up on the same day by the Chairman/CEO/CFO JOSLOFF STACY who owns a whopping 355585000 million shares.
OCTOBER 15, 2008 (Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* 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 disclosures provided in a prior cover page.
The information required on 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).
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
CUSIP No. 45326M 20 2
1.
Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above Persons
Stacy Josloff, an individual (Direct Ownership)
2.
Check the Appropriate Box if a Member of a Group
(a) ¨
(b) ¨
3.
SEC Use Only
4.
Source of Funds
OO-Other
5.
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
¨ 6.
Citizenship or Place of Organization
United States
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
7. Sole Voting Power
355,585,000
8. Shared Voting Power
-0-
9. Sole Dispositive Power
355,585,000
10. Shared Dispositive Power
-0-
11.
Aggregate Amount Beneficially Owned by Each Reporting Person
355,585,000
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares
¨ 13.
Percent of Class Represented by Amount of Row (11)
49.7%
14.
Type of Reporting Person
IN
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Item 1. Security and Issuer
The class of equity securities to which this Schedule 13D relates is the common stock, $.0001 par value, of INCA Designs, Inc., a Nevada corporation (“Company”). The address of the principal executive office of INCA Designs, Inc. is 976 Lexington Avenue, New York, NY 10021.
Item 2. Identity and Background.
Stacy Josloff is a US citizen with a residence address of 222 E. 67 th Street, New York, NY 10065. She serves as Chairman of the Board, Chief Executive Officer, Chief Financial Officer and Treasurer of INCA Designs, Inc.
During the last five years the Reporting Person has not been convicted in a criminal proceeding. During the last five years the Reporting Person has not been a party to a civil proceeding of judicial or administrative body of competent jurisdiction which as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violation of or prohibiting or mandating activities subject to, federal or state securities laws or finding violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
OO-Other. On July 1, 2008, Ms. Josloff sold a portion of a note to Stephanie Hirsch, the President of the Issuer at the time of the transaction, in the amount of $171,292.50, which amount Ms. Hirsch subsequently converted into restricted shares of the Company’s common stock at a fixed conversion price of $.001 per share (the “Converted Shares”). Coincident with the transaction, Ms. Hirsch executed a Demand Promissory Note to Ms. Josloff in the amount of $171,292.50 with the Converted Shares as collateral. On October 15, 2008, Ms. Josloff made demand for payment of the Demand Promissory Note and the Converted Shares were transferred from Ms. Hirsch to Ms. Josloff in full satisfaction thereof.
Item 4. Purpose of Transaction.
See Item 3 above.
Stacy Josloff has no plans which relate to or would result in the acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer, an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries, a sale or transfer of a material amount of assets of the issuer or any of its subsidiaries, any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board, any material change in the present capitalization or dividend policy of the issuer, any other material change in the issuer’s business or corporate structure, including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940, changes in the issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person, causing a class of securities of the issuer to be delisted from a national securities
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exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association, a class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act, or any action similar to any of those enumerated above.
Item 5. Interest in Securities of INCA Designs, Inc.
(a) Stacy Josloff directly owns 355,585,000 common shares, representing 49.7% of the class.
(b) Stacy Josloff has sole power to vote or direct the vote and the power to dispose or to direct the disposition of the 355,585,000 shares of common stock owned by her. (See Rows 7-10 of the cover page.)
(c) Please see Item 4 above.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of INCA Designs, Inc.
Except for the transaction outlined in Item 3 above, the Reporting Person has no contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the issuer, including but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.
[signature follows on next page]
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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.
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