- Statement of Changes in Beneficial Ownership (4)
2010年7月9日 - 6:52AM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
WYNNEFIELD PARTNERS SMALL CAP VALUE LP
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2. Issuer Name
and
Ticker or Trading Symbol
Pet DRx CORP
[
VETS
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
450 SEVENTH AVENUE, SUITE 509
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3. Date of Earliest Transaction
(MM/DD/YYYY)
7/1/2010
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(Street)
NEW YORK, NY 10123
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
_
X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, $0.0001 par value per share
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7/1/2010
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C
(1)
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404826
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A
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$0
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1395515
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D
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Common Stock, $0.0001 par value per share
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7/1/2010
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C
(1)
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404826
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A
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$0
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1707629
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I
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By Wynnefield Partners Small Cap Value, L.P. I
(3)
(4)
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Common Stock, $0.0001 par value per share
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7/1/2010
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S
(1)
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1393015
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D
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$0.3352
(1)
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2500
(2)
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D
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Common Stock, $0.0001 par value per share
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7/1/2010
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S
(1)
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1704129
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D
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$0.3352
(1)
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3500
(2)
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I
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By Wynnefield Partners Small Cap Value, L.P. I
(3)
(4)
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Common Stock, $0.0001 par value per share
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7/1/2010
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S
(1)
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939754
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D
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$0.3352
(1)
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4000
(2)
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I
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By Wynnefield Small Cap Value Offshore
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Warrants
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$0.10
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7/1/2010
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C
(1)
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576923
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(5)
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1/21/2016
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Common Stock
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576923
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$0
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0
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D
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Warrants
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$0.10
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7/1/2010
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C
(1)
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576923
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(5)
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1/21/2016
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Common Stock
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576923
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$0
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0
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I
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By Wynnefield Partners Small Cap Value, L.P. I
(3)
(4)
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Convertible Note
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$10
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7/1/2010
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J
(1)
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$754955
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(5)
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1/21/2013
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Common Stock
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75495
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$0
(1)
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0
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D
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Convertible Note
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$10
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7/1/2010
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J
(1)
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$754955
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(5)
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1/21/2013
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Common Stock
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75495
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(1)
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0
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I
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By Wynnefield Partners Small Cap Value, L.P. I
(3)
(4)
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Explanation of Responses:
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(
1)
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The transactions reported on this Form 4 were made pursuant to a stock purchase agreement entered into with the Issuer, and
which included (a) the cash pre-payment of Convertible Notes expiring in 2013 described in Column 1 of Table II of this Form
4, (b) a cashless exchange of warrants for common stock of the Issuer and (c) the simultaneous disposition of all common
stock beneficially held, whether previously owned or acquired in the cashless exchange of warrants. The purchase price of
the common stock of $0.33523 was determined in connection with the stock purchase agreement and is subject to a hold back.
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(
2)
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Represents remaining shares of common stock attributable to the ownership of certain units.
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(
3)
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Wynnefield Partners Small Cap Value, L.P., (the "Reporting Person") and Wynnefield Partners Small Cap Value, L.P. I ("L.P.
I") are managed by Wynnefield Capital Management, LLC, their general partner. Wynnefield Small Cap Value Offshore Fund,
Ltd. ("Offshore") is managed by Wynnefield Capital, Inc. Mr. Nelson Obus and Mr. Joshua Landes are co-managing members of
Wynnefield Capital Management, LLC and principal executive officers of Wynnefield Capital, Inc. Mr. Obus and Mr. Landes
have investment discretion and control over the securities held by the Reporting Person, L.P. I and Offshore and, thus, may
be deemed to have an indirect beneficial ownership interest in the securities that the Reporting Person, L.P. I and Offshore
directly beneficially own. Mr. Obus and Mr. Landes disclaim beneficial ownership of the securities described in this
statement, except to the extent of their individual pecuniary interest in such securities. (Cont FN 4)
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(
4)
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(Cont from FN 3) The filing of this statement shall not be deemed an admission that Mr. Obus and Mr. Landes are, for purposes
of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities specified in this statement.
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(
5)
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The derivative securities listed in column 1 of Table II are currently exercisable or convertible, as the case may be.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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WYNNEFIELD PARTNERS SMALL CAP VALUE LP
450 SEVENTH AVENUE
SUITE 509
NEW YORK, NY 10123
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X
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WYNNEFIELD PARTNERS SMALL CAP VALUE LP I
450 SEVENTH AVENUE
SUITE 509
NEW YORK, NY 10123
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X
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WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND LTD
450 SEVENTH AVE
STE 509
NEW YORK, NY 10123
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X
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WYNNEFIELD CAPITAL MANAGEMENT LLC
450 SEVENTH AVE
STE 509
NEW YORK, NY 10123
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X
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WYNNEFIELD CAPITAL INC
450 SEVENTH AVENUE
SUITE 509
NEW YORK, NY 10123
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X
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LANDES JOSHUA
450 SEVENTH AVENUE
SUITE 509
NEW YORK, NY 10123
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X
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OBUS NELSON
450 SEVENTH AVENUE
SUITE 509
NEW YORK, NY 10123
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X
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Signatures
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WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. By: Wynnefield Capital Management, LLC General Partner, /s/ Nelson Obus, Managing Member
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7/8/2010
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**
Signature of Reporting Person
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Date
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WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I By: Wynnefield Capital Management, LLC General Partner, /s/ Nelson Obus, Managing Member
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7/8/2010
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**
Signature of Reporting Person
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Date
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WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. By: Wynnefield Capital, Inc., /s/ Nelson Obus, President
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7/8/2010
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**
Signature of Reporting Person
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Date
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WYNNEFIELD CAPITAL MANAGEMENT, LLC, /s/ Nelson Obus, Managing Member
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7/8/2010
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**
Signature of Reporting Person
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Date
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WYNNEFIELD CAPITAL, INC., /s/ Nelson Obus, President
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7/8/2010
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**
Signature of Reporting Person
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Date
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/s/ Nelson Obus
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7/8/2010
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**
Signature of Reporting Person
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Date
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/s/ Joshua Landes
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7/8/2010
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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