Suess Jerry - 4 filing on 2007-07-24

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Suess Jerry

(Last)

(First)

(Middle)

4538 S. 140TH ST.

(Street)

OMAHA

68137

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GABRIEL TECHNOLOGIES CORP [ GWLK.PK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2007

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/17/2007		J⁽¹⁾		50,000	A	$0.3	2,025,000	I	By Wayzata, LLC⁽²⁾
Common Stock	05/17/2007		J⁽³⁾		250,000	A	$0.2	2,275,000	I	By Wayzata, LLC⁽²⁾

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant (right to buy)	$0.5	01/22/2007		J⁽⁴⁾		1		01/22/2007	12/30/2009	Common Stock	250,000	⁽⁵⁾	400,000⁽⁶⁾	I	By Wayzata, LLC⁽²⁾
Warrant (right to buy)	$0.5	01/23/2007		P⁽⁷⁾		1		01/23/2007	12/30/2009	Common Stock	157,500	⁽⁵⁾	557,500⁽⁸⁾	I	By Wayzata, LLC⁽²⁾

Explanation of Responses:

1. The Company issued 50,000 shares of common stock to Wayzata, LLC, a South Dakota limited liability company, which is controlled by Mr. Suess, in satisfaction of its obligation to pay $15,000.00 to Mr. Suess in consideration for his services as a director of the Company.

2. Wayzata, LLC is a South Dakota limited liability company which is controlled by Jerry Suess.

3. The Company issued 250,000 shares of common stock to Wayzata, LLC in consideration of a personal guaranty by Mr. Suess of certain obligations of the Company.

4. This warrant to purchase 250,000 shares of common stock was issued to Wayzata, LLC in consideration of a personal guaranty by Mr. Suess of certain obligations of the Company.

5. Not applicable.

6. Includes a warrant to purchase 250,000 shares of common stock held by Wayzata, LLC.

7. This warrant to purchase 157,500 shares of common stock was issued to Wayzata, LLC in connection with a loan by Wayzata, LLC in favor of the Company in the amount of $315,000.00 dated January 23, 2007.

8. Includes warrants to purchase 407,500 shares of common stock held by Wayzata, LLC.

Remarks:

	/s/ Jerry M. Suess	07/24/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.