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<TITLE>United States Securities & Exchange Commission EDGAR Filing</TITLE>
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<META NAME="date" CONTENT="03/31/2007">
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<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:4px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:1.333px solid #000000" align=right>&nbsp;</P>
<P style="line-height:24px; margin:0px; font-size:21.333px" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20549</B></P>
<P style="line-height:16.667px; margin-top:3.533px; margin-bottom:3.533px; font-size:14px" align=center><B><SUP>______________</SUP></B></P>
<P style="line-height:24px; margin-top:21.333px; margin-bottom:0px; font-size:21.333px" align=center><B>Form&nbsp;S-8</B></P>
<P style="line-height:16.667px; margin-top:3.533px; margin-bottom:3.533px; font-size:14px" align=center><B><SUP>______________</SUP></B></P>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>REGISTRATION STATEMENT</B></P>
<P style="margin:0px" align=center><B>UNDER THE SECURITIES ACT OF 1933</B></P>
<P style="line-height:16.667px; margin-top:3.533px; margin-bottom:3.533px; font-size:14px" align=center><B><SUP>______________</SUP></B></P>
<P style="line-height:26.667px; margin-top:16px; margin-bottom:0px; font-family:Times New Roman Bold; font-size:24px" align=center><FONT FACE="Times New Roman Bold"><B>ECOSPHERE TECHNOLOGIES, INC.</B></FONT></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><FONT FACE="Times New Roman">(Exact name of registrant as specified in its charter)</FONT></P>
<P style="line-height:16.667px; margin-top:3.533px; margin-bottom:3.533px; font-size:14px" align=center><B><SUP>______________</SUP></B></P>
<P style="margin:3.533px" align=center><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=312></TD><TD width=312></TD></TR>
<TR><TD valign=top width=312><P style="margin:0px" align=center><B>Delaware</B></P>
</TD><TD valign=top width=312><P style="margin:0px" align=center><B>65-0841549</B></P>
</TD></TR>
<TR><TD valign=top width=312><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(State or other jurisdiction of</P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>incorporation or organization)</P>
</TD><TD valign=top width=312><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(I.R.S. Employer</P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin-top:13.333px; margin-bottom:0px" align=center><B>3515 S.E. Lionel Terrace, Stuart, Florida 34997</B></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(Address of Principal Executive Offices) (Zip Code)</P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center><B>2006 Equity Incentive Plan</B></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(Full title of the plan)</P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center><B>James C. Rushing III</B></P>
<P style="margin:0px" align=center><B>Ecosphere Technologies, Inc.</B></P>
<P style="margin:0px" align=center><B>3515 S.E. Lionel Terrace, Stuart, Florida 34997</B></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(Name and address of agent for service)</P>
<P style="margin-top:8.867px; margin-bottom:0px" align=center><B>(772) 287-4846</B></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center>(Telephone number, including area code, of agent for service)</P>
<P style="margin-top:13.333px; margin-bottom:8.867px" align=center><B>CALCULATION OF REGISTRATION FEE</B></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=122.8></TD><TD width=97.2></TD><TD width=136.6></TD><TD width=136.6></TD><TD width=106.8></TD></TR>
<TR><TD style="border-left:2.667px double #000000; border-top:2.667px double #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=122.8><P style="line-height:13.333px; margin-top:4.467px; margin-bottom:4.467px; font-size:10.667px" align=center><B>Title of each<BR>
class of securities<BR>
to be registered</B></P>
</TD><TD style="border-top:2.667px double #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=97.2><P style="line-height:13.333px; margin-top:4.467px; margin-bottom:4.467px; font-size:10.667px" align=center><B>Amount to be<BR>
registered (1)</B></P>
</TD><TD style="border-top:2.667px double #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=136.6><P style="line-height:13.333px; margin-top:4.467px; margin-bottom:4.467px; font-size:10.667px" align=center><B>Proposed maximum<BR>
offering price <BR>
per share (2)</B></P>
</TD><TD style="border-top:2.667px double #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=136.6><P style="line-height:13.333px; margin-top:4.467px; margin-bottom:4.467px; font-size:10.667px" align=center><B>Proposed maximum<BR>
aggregate offering<BR>
price</B></P>
</TD><TD style="border-top:2.667px double #000000; border-right:2.667px double #000000; border-bottom:1px solid #000000" valign=bottom width=106.8><P style="line-height:13.333px; margin-top:4.467px; margin-bottom:4.467px; font-size:10.667px" align=center><B>Amount of <BR>
registration fee</B></P>
</TD></TR>
<TR><TD style="border-left:2.667px double #000000; border-right:1px solid #000000; border-bottom:2.667px double #000000" valign=bottom width=122.8><P style="margin-top:5.533px; margin-bottom:5.533px" align=center>Common Stock</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:2.667px double #000000" valign=bottom width=97.2><P style="margin-top:5.533px; margin-bottom:5.533px" align=center>10,000,000</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:2.667px double #000000" valign=bottom width=136.6><P style="margin-top:5.533px; margin-bottom:5.533px" align=center>$0.4350</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:2.667px double #000000" valign=bottom width=136.6><P style="margin-top:5.533px; margin-bottom:5.533px" align=center>$4,350,000</P>
</TD><TD style="border-right:2.667px double #000000; border-bottom:2.667px double #000000" valign=bottom width=106.8><P style="margin-top:5.533px; margin-bottom:5.533px" align=center>$134</P>
</TD></TR>
</TABLE>
<P style="margin:0px">&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(1)</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:32px">Shares of common stock to be registered under the 2006 Equity Incentive Plan. Pursuant to Rule&nbsp;416 under the Securities Act of 1933, this Registration Statement also covers an indeterminate number of additional shares of common stock that may become issuable as a result of stock splits, stock dividends or similar transactions under the anti-dilution provisions of the 2006 Equity Incentive Plan.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:32px; text-indent:-32px">(2)</P>
<P style="margin:0px; padding-left:32px">Estimated solely for the purpose of computing the registration fee pursuant to Rule&nbsp;457(c) based on the average of the high and low price of the registrant&#146;s common stock as quoted on the OTC Bulletin Board on April&nbsp;3, 2007.</P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:1.333px solid #000000">&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:4px solid #000000">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
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<P style="margin-top:17.8px; margin-bottom:0px" align=center><B>Part I</B></P>
<P style="margin-top:17.8px; margin-bottom:0px" align=center><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></P>
<P style="margin-top:13.333px; margin-bottom:-16px"><B>Item 1.</B></P>
<P style="margin:0px; text-indent:72px"><B>Plan Information</B></P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:44px">We will send or give the documents containing the information specified in Part I of Form&nbsp;S-8 to employees, directors and consultants as specified by the Securities and Exchange Commission Rule&nbsp;428(b)(1) under the Securities Act of 1933.</P>
<P style="margin-top:13.333px; margin-bottom:-16px"><B>Item 2.</B></P>
<P style="margin:0px; text-indent:72px"><B>Registrant Information and Employee Plan Annual Information</B></P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:44px">We will furnish without charge to each person to whom the prospectus is delivered, &nbsp;upon the oral or written &nbsp;request &nbsp;of &nbsp;such &nbsp;person, &nbsp;a copy &nbsp;of &nbsp;any &nbsp;and &nbsp;all of the &nbsp;documents incorporated &nbsp;by reference (other than &nbsp;exhibits to such &nbsp;documents). Requests should be directed to the attention of Jacqueline K. McGuire, Ecosphere Technologies, Inc., 3515 S.E. Lionel Terrace, Stuart, Florida 34997, (772) 287-4846.</P>
<P style="margin-top:17.8px; margin-bottom:0px" align=center><B>Part II</B></P>
<P style="margin-top:17.8px; margin-bottom:0px" align=center><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>
<P style="margin-top:13.333px; margin-bottom:-16px"><B>Item 3.</B></P>
<P style="margin:0px; text-indent:72px"><B>Incorporation of Documents by Reference.</B></P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:48px">The documents listed below are incorporated by reference in the registration statement:</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="margin:0px; padding-left:72px"><FONT FACE="Times New Roman">Our Annual Report on Form&nbsp;10-KSB for the year ended December&nbsp;31, 2006, filed on April&nbsp;2, 2007 (Commission File Number: &nbsp;000-25663);</FONT></P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="margin:0px; padding-left:72px"><FONT FACE="Times New Roman">Our Current Report on Form&nbsp;8-K filed on March&nbsp;7, 2007 (Commission File Number: &nbsp;000-25663);</FONT></P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="margin:0px; padding-left:72px"><FONT FACE="Times New Roman">All other reports filed pursuant to Section&nbsp;13(a) or 15(d) of the Securities Exchange Act of 1934 since the end of the fiscal year covered by the Annual Report referred to above;</FONT></P>
<P style="margin-top:3.333px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="margin:0px; padding-left:72px"><FONT FACE="Times New Roman">The description of our common stock contained in the Registration Statement on Form&nbsp;10- SB filed on March&nbsp;29, 1999 (Commission File Number: 000-25663), including any amendments or reports filed for the purpose of updating such description; and</FONT></P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="margin:0px; padding-left:72px"><FONT FACE="Times New Roman">All documents subsequently filed pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, from the date of filing of such documents.</FONT></P>
<P style="margin-top:13.333px; margin-bottom:-16px"><B>Item 5. </B></P>
<P style="margin:0px; text-indent:72px"><B>Interests of Named Experts and Counsel.</B></P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:48px">Harris Cramer LLP, in West Palm Beach, Florida, will pass upon the validity of the common stock offered by the selling stockholders in this offering. Attorneys employed by this law firm own 5,000 shares of our common stock and options to purchase 500,000 shares exercisable at $0.25 per share.</P>
<P style="margin-top:13.333px; margin-bottom:-16px"><B>Item 6. </B></P>
<P style="margin:0px; text-indent:72px"><B>Indemnification of Directors and Officers.</B></P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:48px">Our certificate of incorporation provides that none of our directors will be personally liable to us or our shareholders for monetary damages for breach of fiduciary duty as a director, except for liability:</P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="margin:0px; padding-left:72px"><FONT FACE="Times New Roman">For any breach of the director&#146;s duty of loyalty to us or our shareholders;</FONT></P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="margin:0px; padding-left:72px"><FONT FACE="Times New Roman">For acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of the law;</FONT></P>
<P style="margin-top:8.867px; margin-bottom:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>1</P>
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<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="margin:0px; padding-left:72px"><FONT FACE="Times New Roman">Under Section&nbsp;174 of the Delaware General Corporation Law for the unlawful payment of dividends; or</FONT></P>
<P style="margin-top:8.867px; margin-bottom:-16px; padding-left:72px; text-indent:-24px; font-family:Symbol"><FONT FACE="Symbol">&#183;</FONT></P>
<P style="margin:0px; padding-left:72px"><FONT FACE="Times New Roman">For any transaction from which the director derives an improper personal benefit.</FONT></P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:48px">These provisions eliminate our rights and those of our shareholders to recover monetary damages from a director for breach of his fiduciary duty of care as a director except in the situations described above. The limitations summarized above, however, do not affect our ability or that of our shareholders to seek non-monetary remedies, such as an injunction or rescission, against a director for breach of his fiduciary duty.</P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:48px">Section&nbsp;145 of the Delaware General Corporation Law provides a corporation with the power to indemnify any officer or director acting in his capacity as our representative who is or is threatened to be made a party to any lawsuit or other proceeding for expenses, judgment and amounts paid in settlement in connection with such lawsuit or proceeding. The indemnity provisions apply whether the action was instituted by a third party or was filed by one of our shareholders. The Delaware General Corporation Law provides that Section&nbsp;145 is not exclusive of other rights to which those seeking indemnification may be entitled under any bylaw, agreement, vote of shareholders or disinterested directors or otherwise. We have provided for this indemnification in our Certificate of Incorporation because we believe that it is important to attract qualified directors and officers. We have also entered into Indemnification Agreements with our directors and officers which agreements are designed to indemnify them to the fullest extent permissible by law, subject to one limitation described in the next sentence. We have further provided in our Certificate of Incorporation that no indemnification shall be available, whether pursuant to our Certificate of Incorporation or otherwise, arising from any lawsuit or proceeding in which we assert a direct claim, as opposed to a shareholders&#146; derivative action, against any directors and officers. This limitation is designed to insure that if we sue a director or officer we do not have to pay for his defense.</P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:48px">We have been advised that the Securities and Exchange Commission believes it is against public policy for us to indemnify our directors and officers for violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. Accordingly, we have agreed that unless our attorneys advise us that the courts have ultimately decided whether the SEC is correct, we will let a court determine whether we can indemnify our directors and officers under such laws.</P>
<P style="margin-top:13.333px; margin-bottom:-16px"><B>Item 7. </B></P>
<P style="margin:0px; text-indent:72px"><B>Exemption from Registration Claimed.</B></P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:48px">The securities issued under the 2006 Equity Plan were issued without registration under the Securities Act of 1933 in reliance upon the exemption provided in Section&nbsp;4(2) and Rule&nbsp;506 thereunder.</P>
<P style="margin-top:13.333px; margin-bottom:-16px"><B>Item 8. </B></P>
<P style="margin:0px; text-indent:72px"><B>Exhibits.</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0><TR><TD width=80></TD><TD width=23.933></TD><TD width=520.067></TD></TR>
<TR><TD valign=bottom width=80><P style="line-height:13.333px; margin:0px; font-size:10.667px"><B>EXHIBIT </B></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px"><B>NUMBER</B></P>
</TD><TD valign=bottom width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=520.067><P style="line-height:13.333px; margin:0px; font-size:10.667px"><B>ITEM</B></P>
</TD></TR>
<TR><TD valign=top width=80><P style="margin-top:6.667px; margin-bottom:0px">Exhibit&nbsp;4.1</P>
</TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=520.067><P style="margin-top:6.667px; margin-bottom:0px">2006 Equity Incentive Plan<SUP>1</SUP></P>
</TD></TR>
<TR><TD valign=top width=80><P style="margin-top:6.667px; margin-bottom:0px">Exhibit&nbsp;5</P>
</TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=520.067><P style="margin-top:6.667px; margin-bottom:0px">Legal Opinion</P>
</TD></TR>
<TR><TD valign=top width=80><P style="margin-top:6.667px; margin-bottom:0px">Exhibit&nbsp;23.1</P>
</TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=520.067><P style="margin-top:6.667px; margin-bottom:0px">Consent of Tedder, James, Worden &amp; Associates, P.A.</P>
</TD></TR>
<TR><TD valign=top width=80><P style="margin-top:6.667px; margin-bottom:0px">Exhibit&nbsp;23.2</P>
</TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=520.067><P style="margin-top:6.667px; margin-bottom:0px">Consent of Harris Cramer LLP<SUP>2</SUP></P>
</TD></TR>
</TABLE>
<P style="margin-top:8.867px; margin-bottom:0px">&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:8.867px; margin-bottom:0px"><SUP>1</SUP> Contained in Form&nbsp;10-QSB filed on December&nbsp;11, 2006.</P>
<P style="margin-top:8.867px; margin-bottom:0px"><SUP>2</SUP> Contained in legal opinion.</P>
<P style="margin-top:13.333px; margin-bottom:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>2</P>
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<P style="margin-top:13.333px; margin-bottom:-16px"><B>Item 9. </B></P>
<P style="margin:0px; text-indent:72px"><B>Undertakings.</B></P>
<P style="margin-top:8.867px; margin-bottom:-16px; text-indent:48px">(a)</P>
<P style="margin:0px; text-indent:96px">The undersigned registrant hereby undertakes:</P>
<P style="margin-top:8.867px; margin-bottom:-16px; text-indent:96px">(1)</P>
<P style="margin:0px; text-indent:144px">To file, during any period in which offers or sales are being made a post-effective amendment to this registration statement:</P>
<P style="margin-top:8.867px; margin-bottom:0px; text-indent:144px">To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</P>
<P style="margin-top:8.867px; margin-bottom:-16px; text-indent:96px">(2)</P>
<P style="margin:0px; text-indent:144px">That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P style="margin-top:8.867px; margin-bottom:-16px; text-indent:96px">(3)</P>
<P style="margin:0px; text-indent:144px">To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>
<P style="margin-top:8.867px; margin-bottom:-16px; text-indent:48px">(b)</P>
<P style="margin:0px; text-indent:96px">The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant&#146;s annual report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section&nbsp;15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P style="margin-top:8.867px; margin-bottom:-16px; text-indent:48px">(c)</P>
<P style="margin:0px; text-indent:96px">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</P>
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<P style="margin:0px" align=center>3</P>
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<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>SIGNATURES</B></P>
<P style="margin-top:8.867px; margin-bottom:8.867px; text-indent:48px">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Stuart, State of Florida, on April 2, 2007.</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=376.067></TD><TD width=23.933></TD><TD width=224></TD></TR>
<TR><TD valign=top width=376.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=247.933 colspan=2><P style="margin:0px"><B>Ecosphere Technologies, Inc.</B></P>
</TD></TR>
<TR><TD valign=top width=376.067><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=224><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=376.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=23.933><P style="margin:0px">By: </P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=224><P style="line-height:normal; margin:0px">/s/ D<SMALL>ENNIS<BIG> M<SMALL>C<BIG>G<SMALL>UIRE</SMALL></P>
</TD></TR>
<TR><TD valign=top width=376.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=224><P style="margin:0px">Dennis McGuire, President and <BR>
Chief Executive Officer</P>
</TD></TR>
<TR><TD valign=top width=376.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=224><P style="margin:0px">(Principal Executive Officer)</P>
</TD></TR>
</TABLE>
<P style="margin-top:8.867px; margin-bottom:8.867px; text-indent:48px">Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the date indicated.</P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center><TR><TD width=156.067></TD><TD width=20></TD><TD width=279.933></TD><TD width=20></TD><TD width=148></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=156.067><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Signatures</B></P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=279.933><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Title</B></P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=148><P style="line-height:13.333px; margin:0px; font-size:10.667px" align=center><B>Date</B></P>
</TD></TR>
<TR><TD valign=top width=156.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=156.067><P style="line-height:normal; margin:0px">/s/ G<SMALL>EORGE<BIG> R. S<SMALL>TERNER</SMALL></P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="margin:0px">Chairman of the Board of Directors</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="margin:0px" align=center>April 1, 2007</P>
</TD></TR>
<TR><TD valign=top width=156.067><P style="margin:0px">George R. Sterner</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=156.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=156.067><P style="line-height:normal; margin:0px">/s/ J<SMALL>AMES<BIG> C. R<SMALL>USHING<BIG> III</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="margin:0px">Chief Financial Officer (Principal Financial</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="margin:0px" align=center>April 1, 2007</P>
</TD></TR>
<TR><TD valign=top width=156.067><P style="margin:0px">James C. Rushing III</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="margin:0px">Officer and Principal Accounting Officer)</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=156.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="margin:0px">and Director</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=156.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=156.067><P style="line-height:normal; margin:0px">/s/ J<SMALL>OE<BIG> M. A<SMALL>LLBAUGH</SMALL></P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="margin:0px">Director</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="margin:0px" align=center>April 1, 2007</P>
</TD></TR>
<TR><TD valign=top width=156.067><P style="margin:0px">Joe M. Allbaugh</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=156.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=156.067><P style="line-height:normal; margin:0px">/s/ M<SMALL>ICHAEL<BIG> R. D<SMALL>ONN<BIG>, S<SMALL>R<BIG>.</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="margin:0px">Director</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="margin:0px" align=center>April 1, 2007</P>
</TD></TR>
<TR><TD valign=top width=156.067><P style="margin:0px">Michael R. Donn, Sr.</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=156.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=156.067><P style="line-height:normal; margin:0px">/s/ B<SMALL>ARRY<BIG> I. H<SMALL>ECHTMAN</SMALL></P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="margin:0px">Director</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="margin:0px" align=center>April 1, 2007</P>
</TD></TR>
<TR><TD valign=top width=156.067><P style="margin:0px">Barry I. Hechtman</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=156.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=156.067><P style="line-height:normal; margin:0px">/s/ S<SMALL>TEPHEN<BIG> R. J<SMALL>OHNSON</SMALL></P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="margin:0px">Director</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="margin:0px" align=center>April 1, 2007</P>
</TD></TR>
<TR><TD valign=top width=156.067><P style="margin:0px">Stephen R. Johnson</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=156.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=156.067><P style="line-height:normal; margin:0px">/s/ J. F<SMALL>RANCIS<BIG> L<SMALL>AVELLE</SMALL></P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="margin:0px">Director</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="margin:0px" align=center>April 1, 2007</P>
</TD></TR>
<TR><TD valign=top width=156.067><P style="margin:0px">J. Francis Lavelle</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD valign=top width=156.067><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=156.067><P style="line-height:normal; margin:0px">/s/ C<SMALL>HARLES<BIG> V<SMALL>INICK</SMALL></P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="margin:0px">Director</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="margin:0px" align=center>April 1, 2007</P>
</TD></TR>
<TR><TD valign=top width=156.067><P style="margin:0px">Charles Vinick</P>
</TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=279.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=20><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=148><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>4</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>EXHIBIT INDEX</B></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0><TR><TD width=80></TD><TD width=23.933></TD><TD width=520.067></TD></TR>
<TR><TD valign=bottom width=80><P style="line-height:13.333px; margin:0px; font-size:10.667px"><B>EXHIBIT </B></P>
<P style="line-height:13.333px; margin:0px; font-size:10.667px"><B>NUMBER</B></P>
</TD><TD valign=bottom width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=bottom width=520.067><P style="line-height:13.333px; margin:0px; font-size:10.667px"><B>ITEM</B></P>
</TD></TR>
<TR><TD valign=top width=80><P style="margin-top:6.667px; margin-bottom:0px">Exhibit&nbsp;4.1</P>
</TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=520.067><P style="margin-top:6.667px; margin-bottom:0px">2006 Equity Incentive Plan<SUP>1</SUP></P>
</TD></TR>
<TR><TD valign=top width=80><P style="margin-top:6.667px; margin-bottom:0px">Exhibit&nbsp;5</P>
</TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=520.067><P style="margin-top:6.667px; margin-bottom:0px">Legal Opinion</P>
</TD></TR>
<TR><TD valign=top width=80><P style="margin-top:6.667px; margin-bottom:0px">Exhibit&nbsp;23.1</P>
</TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=520.067><P style="margin-top:6.667px; margin-bottom:0px">Consent of Tedder, James, Worden &amp; Associates, P.A.</P>
</TD></TR>
<TR><TD valign=top width=80><P style="margin-top:6.667px; margin-bottom:0px">Exhibit&nbsp;23.2</P>
</TD><TD valign=top width=23.933><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=520.067><P style="margin-top:6.667px; margin-bottom:0px">Consent of Harris Cramer LLP<SUP>2</SUP></P>
</TD></TR>
</TABLE>
<P style="margin-top:8.867px; margin-bottom:0px">&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin-top:8.867px; margin-bottom:0px"><SUP>1</SUP> Contained in Form&nbsp;10-QSB filed on December&nbsp;11, 2006.</P>
<P style="margin-top:8.867px; margin-bottom:0px"><SUP>2</SUP> Contained in legal opinion.</P>
<P style="margin-top:8.867px; margin-bottom:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
</BODY>
</HTML>
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{"company-data": {"conformed-name": "ECOSPHERE TECHNOLOGIES INC", "cik": "0001071760", "assigned-sic": "3530", "irs-number": "650841549", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-141922", "film-number": "07752841"}, "business-address": {"street1": "3515 S E LIONEL TERRACE", "city": "STUART", "state": "FL", "zip": "34996", "phone": "5612874846"}, "mail-address": {"street1": "3515 S E LIONEL TERRACE", "city": "STUART", "state": "FL", "zip": "34996"}, "former-company": {"former-conformed-name": "ULTRASTRIP SYSTEMS INC", "date-changed": "19990311"}}
United States Securities & Exchange Commission EDGAR Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
Form S-8
______________
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
______________
ECOSPHERE TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
______________
Delaware
65-0841549
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
3515 S.E. Lionel Terrace, Stuart, Florida 34997
(Address of Principal Executive Offices) (Zip Code)
2006 Equity Incentive Plan
(Full title of the plan)
James C. Rushing III
Ecosphere Technologies, Inc.
3515 S.E. Lionel Terrace, Stuart, Florida 34997
(Name and address of agent for service)
(772) 287-4846
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of each
class of securities
to be registered
Amount to be
registered (1)
Proposed maximum
offering price
per share (2)
Proposed maximum
aggregate offering
price
Amount of
registration fee
Common Stock
10,000,000
$0.4350
$4,350,000
$134
———————
(1)
Shares of common stock to be registered under the 2006 Equity Incentive Plan. Pursuant to Rule 416 under the Securities Act of 1933, this Registration Statement also covers an indeterminate number of additional shares of common stock that may become issuable as a result of stock splits, stock dividends or similar transactions under the anti-dilution provisions of the 2006 Equity Incentive Plan.
(2)
Estimated solely for the purpose of computing the registration fee pursuant to Rule 457(c) based on the average of the high and low price of the registrant's common stock as quoted on the OTC Bulletin Board on April 3, 2007.
Part I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Item 1.
Plan Information
We will send or give the documents containing the information specified in Part I of Form S-8 to employees, directors and consultants as specified by the Securities and Exchange Commission Rule 428(b)(1) under the Securities Act of 1933.
Item 2.
Registrant Information and Employee Plan Annual Information
We will furnish without charge to each person to whom the prospectus is delivered,  upon the oral or written  request  of  such  person,  a copy  of  any  and  all of the  documents incorporated  by reference (other than  exhibits to such  documents). Requests should be directed to the attention of Jacqueline K. McGuire, Ecosphere Technologies, Inc., 3515 S.E. Lionel Terrace, Stuart, Florida 34997, (772) 287-4846.
Part II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
The documents listed below are incorporated by reference in the registration statement:
·
Our Annual Report on Form 10-KSB for the year ended December 31, 2006, filed on April 2, 2007 (Commission File Number:  000-25663);
·
Our Current Report on Form 8-K filed on March 7, 2007 (Commission File Number:  000-25663);
·
All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 since the end of the fiscal year covered by the Annual Report referred to above;
·
The description of our common stock contained in the Registration Statement on Form 10- SB filed on March 29, 1999 (Commission File Number: 000-25663), including any amendments or reports filed for the purpose of updating such description; and
·
All documents subsequently filed pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934 prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, from the date of filing of such documents.
Item 5.
Interests of Named Experts and Counsel.
Harris Cramer LLP, in West Palm Beach, Florida, will pass upon the validity of the common stock offered by the selling stockholders in this offering. Attorneys employed by this law firm own 5,000 shares of our common stock and options to purchase 500,000 shares exercisable at $0.25 per share.
Item 6.
Indemnification of Directors and Officers.
Our certificate of incorporation provides that none of our directors will be personally liable to us or our shareholders for monetary damages for breach of fiduciary duty as a director, except for liability:
·
For any breach of the director's duty of loyalty to us or our shareholders;
·
For acts or omissions not in good faith or that involve intentional misconduct or a knowing violation of the law;
1
·
Under Section 174 of the Delaware General Corporation Law for the unlawful payment of dividends; or
·
For any transaction from which the director derives an improper personal benefit.
These provisions eliminate our rights and those of our shareholders to recover monetary damages from a director for breach of his fiduciary duty of care as a director except in the situations described above. The limitations summarized above, however, do not affect our ability or that of our shareholders to seek non-monetary remedies, such as an injunction or rescission, against a director for breach of his fiduciary duty.
Section 145 of the Delaware General Corporation Law provides a corporation with the power to indemnify any officer or director acting in his capacity as our representative who is or is threatened to be made a party to any lawsuit or other proceeding for expenses, judgment and amounts paid in settlement in connection with such lawsuit or proceeding. The indemnity provisions apply whether the action was instituted by a third party or was filed by one of our shareholders. The Delaware General Corporation Law provides that Section 145 is not exclusive of other rights to which those seeking indemnification may be entitled under any bylaw, agreement, vote of shareholders or disinterested directors or otherwise. We have provided for this indemnification in our Certificate of Incorporation because we believe that it is important to attract qualified directors and officers. We have also entered into Indemnification Agreements with our directors and officers which agreements are designed to indemnify them to the fullest extent permissible by law, subject to one limitation described in the next sentence. We have further provided in our Certificate of Incorporation that no indemnification shall be available, whether pursuant to our Certificate of Incorporation or otherwise, arising from any lawsuit or proceeding in which we assert a direct claim, as opposed to a shareholders' derivative action, against any directors and officers. This limitation is designed to insure that if we sue a director or officer we do not have to pay for his defense.
We have been advised that the Securities and Exchange Commission believes it is against public policy for us to indemnify our directors and officers for violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. Accordingly, we have agreed that unless our attorneys advise us that the courts have ultimately decided whether the SEC is correct, we will let a court determine whether we can indemnify our directors and officers under such laws.
Item 7.
Exemption from Registration Claimed.
The securities issued under the 2006 Equity Plan were issued without registration under the Securities Act of 1933 in reliance upon the exemption provided in Section 4(2) and Rule 506 thereunder.
Item 8.
Exhibits.
EXHIBIT
NUMBER
ITEM
Exhibit 4.1
2006 Equity Incentive Plan
1
Exhibit 5
Legal Opinion
Exhibit 23.1
Consent of Tedder, James, Worden & Associates, P.A.
Exhibit 23.2
Consent of Harris Cramer LLP
2
———————
1
Contained in Form 10-QSB filed on December 11, 2006.
2
Contained in legal opinion.
2
Item 9.
Undertakings.
(a)
The undersigned registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made a post-effective amendment to this registration statement:
To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
(2)
That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)
The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
3
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Stuart, State of Florida, on April 2, 2007.
Ecosphere Technologies, Inc.
By:
/s/ D
ENNIS
M
C
G
UIRE
Dennis McGuire, President and
Chief Executive Officer
(Principal Executive Officer)
Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Signatures
Title
Date
/s/ G
EORGE
R. S
TERNER
Chairman of the Board of Directors
April 1, 2007
George R. Sterner
/s/ J
AMES
C. R
USHING
III
Chief Financial Officer (Principal Financial
April 1, 2007
James C. Rushing III
Officer and Principal Accounting Officer)
and Director
/s/ J
OE
M. A
LLBAUGH
Director
April 1, 2007
Joe M. Allbaugh
/s/ M
ICHAEL
R. D
ONN
, S
R
.
Director
April 1, 2007
Michael R. Donn, Sr.
/s/ B
ARRY
I. H
ECHTMAN
Director
April 1, 2007
Barry I. Hechtman
/s/ S
TEPHEN
R. J
OHNSON
Director
April 1, 2007
Stephen R. Johnson
/s/ J. F
RANCIS
L
AVELLE
Director
April 1, 2007
J. Francis Lavelle
/s/ C
HARLES
V
INICK
Director
April 1, 2007
Charles Vinick
4
EXHIBIT INDEX
EXHIBIT
NUMBER
ITEM
Exhibit 4.1
2006 Equity Incentive Plan
1
Exhibit 5
Legal Opinion
Exhibit 23.1
Consent of Tedder, James, Worden & Associates, P.A.
Exhibit 23.2
Consent of Harris Cramer LLP
2
———————
1
Contained in Form 10-QSB filed on December 11, 2006.
2
Contained in legal opinion.