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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Platinum-Montaur Life Sciences, LLC 152 WEST 57TH STREET 4TH FLOOR NEW YORK, NY 10019 |
X | |||
Nordlicht Mark 159 WYKAGL TERRACE NEW ROCHELLE, NY 10804 |
X |
/s/ OLIVER JIMENEZ | 07/24/2012 | |
**Signature of Reporting Person | Date | |
/s/ MARK NORDLICHT | 07/24/2012 | |
**Signature of Reporting Person | Date |
* | 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). |
Remarks: Pursuant to agreements between Platinum-Montaur Life Sciences, LLC ("Platinum") and the Issuer dated March 22, 2011, the notes and warrants issued by the Issuer to Platinum were amended so that at no time may Platinum convert the notes or exercise the warrants if the number of shares of the Issuer's common stock to be issued pursuant to such conversion or exercise, when aggregated with all other shares of the Issuer's common stock owned by Platinum at such time, would result in Platinum beneficially owning, as determined in accordance with Section 13(d) of the Exchange Act, in excess of 9.99% of the then issued and outstanding shares of the Issuer's common stock, except upon Platinum providing the Issuer with at least 61 days' prior written notice that Platinum waives such limitations. As a result of such limitation, Platinum's beneficial ownership is not in excess of 9.99% of the issued and outstanding shares of the Issuer's common stock. |