L1 to H4 to H1 Visa conversion process


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Hello folks,


I have a L1 Visa and I am currently working for a client. I am planning to apply for H1 visa in April and if I get approved I would be eligible to work from 1st Oct. However my current project ends in May / June and I don't see any scope of extension. Is it advisable to apply for H4 (Dependent for my wife) in June and then change back to H1 in Oct? If my H1 gets approved in May and I apply for H4 in June (to gain valid status to stay in US) am I still eligible to change my status to H1 from Oct 1st or when I get a job (Post Oct 1st)? I request your thoughts and suggestions. Thanks in advance.

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