SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 5)*
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Aeolus Pharmaceuticals, Inc. (Name of Issuer) |
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Common Stock (Title of Class of Securities) |
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(CUSIP Number) |
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December 31, 2008 (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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Rule 13d-1(b) |
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Rule 13d-1(c) |
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Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 00765G109 |
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13G |
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Page 2 of 12 Pages |
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1 |
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NAME OF REPORTING PERSON: |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
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(a) x |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware |
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5 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
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BENEFICIALLY |
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6 |
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SHARED VOTING POWER |
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OWNED |
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561,513 (1) |
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BY |
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EACH |
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7 |
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SOLE DISPOSITIVE POWER |
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REPORTING |
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0 |
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PERSON |
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WITH: |
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8 |
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SHARED DISPOSITIVE POWER |
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561,513 (1) |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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561,513 (1) |
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10 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
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11 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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1.72% (1) (2) |
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TYPE OF REPORTING PERSON* |
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PN |
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CUSIP No. 00765G109 |
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13G |
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Page 3 of 12 Pages |
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1 |
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NAME OF REPORTING PERSON: |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
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(a) x |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware |
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5 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
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BENEFICIALLY |
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6 |
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SHARED VOTING POWER |
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OWNED |
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384,279 (1) |
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BY |
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EACH |
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7 |
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SOLE DISPOSITIVE POWER |
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REPORTING |
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0 |
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PERSON |
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WITH: |
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8 |
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SHARED DISPOSITIVE POWER |
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384,279 (1) |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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384,279 (1) |
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10 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
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11 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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1.18% (1) (2) |
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12 |
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TYPE OF REPORTING PERSON* |
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PN |
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CUSIP No. 00765G109 |
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13G |
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Page 4 of 12 Pages |
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1 |
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NAME OF REPORTING PERSON: |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
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(a) x |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware |
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5 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
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BENEFICIALLY |
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6 |
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SHARED VOTING POWER |
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OWNED |
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842,482 (1) |
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BY |
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EACH |
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7 |
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SOLE DISPOSITIVE POWER |
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REPORTING |
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0 |
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PERSON |
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WITH: |
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8 |
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SHARED DISPOSITIVE POWER |
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842,482 (1) |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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842,482 (1) |
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10 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
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11 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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2.58% (1) (2) |
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12 |
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TYPE OF REPORTING PERSON* |
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OO |
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CUSIP No. 00765G109 |
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13G |
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Page 5 of 12 Pages |
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1 |
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NAME OF REPORTING PERSON: |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
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(a) x |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Illinois |
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5 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
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BENEFICIALLY |
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6 |
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SHARED VOTING POWER |
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OWNED |
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93,595 (1) |
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BY |
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EACH |
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7 |
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SOLE DISPOSITIVE POWER |
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REPORTING |
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0 |
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PERSON |
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WITH: |
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8 |
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SHARED DISPOSITIVE POWER |
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93,595 (1) |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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93,595 (1) |
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10 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
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11 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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0.29% (1) (2) |
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12 |
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TYPE OF REPORTING PERSON* |
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OO |
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CUSIP No. 00765G109 |
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13G |
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Page 6 of 12 Pages |
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1 |
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NAME OF REPORTING PERSON: |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
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(a) x |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware |
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5 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
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BENEFICIALLY |
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6 |
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SHARED VOTING POWER |
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OWNED |
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1,881,869 (1) |
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BY |
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EACH |
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7 |
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SOLE DISPOSITIVE POWER |
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REPORTING |
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0 |
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PERSON |
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WITH: |
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SHARED DISPOSITIVE POWER |
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1,881,869 (1) |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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1,881,869 (1) |
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10 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
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11 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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5.77% (1) (2) |
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12 |
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TYPE OF REPORTING PERSON* |
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PN, HC |
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CUSIP No. 00765G109 |
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13G |
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Page 7 of 12 Pages |
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1 |
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NAME OF REPORTING PERSON: |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* |
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(a) x |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware |
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5 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
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BENEFICIALLY |
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6 |
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SHARED VOTING POWER |
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OWNED |
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1,881,869 (1) |
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BY |
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EACH |
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7 |
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SOLE DISPOSITIVE POWER |
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REPORTING |
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0 |
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PERSON |
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WITH: |
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8 |
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SHARED DISPOSITIVE POWER |
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1,881,869 (1) |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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1,881,869 (1) |
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10 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |
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11 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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5.77% (1)(2) |
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12 |
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TYPE OF REPORTING PERSON* |
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CO, HC |
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CUSIP No. 00765G109 |
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13G |
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Page 8 of 12 Pages |
The following footnotes relate to pages 2 through 7:
(1) With respect to each Reporting Person, the following securities are held, as follows (See Items 2(a) and 2(d) for defined terms for each entity and all other capitalized terms below):
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Security Type |
BVF |
BVF2 |
Investments |
ILL10 |
Partners |
BVF Inc. |
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Common Stock |
391,513 |
268,279 |
586,818 |
65,259 |
1,311,869 |
1,311,869 |
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Warrants |
170,000 |
116,000 |
255,664 |
28,336 |
570,000 |
570,000 |
The Warrants may be exercised at any time until expiration for shares of the Issuer’s Common Stock (as defined in Item 2(d) below) at an exercise price of $0.35 per share or $4.00 per share, as applicable (each subject to adjustment). The Warrants are exercisable until November 21, 2010 or April 19, 2009, as applicable.
(2) The percentage calculations are based on 32,600,874 shares of Common Stock outstanding determined as follows: (x) 32,030,874 shares of Common Stock outstanding plus (y) 570,000 shares of Common Stock issuable upon exercise of the Warrants held by the Reporting Persons.
ITEM 1(a). NAME OF ISSUER: AEOLUS PHARMACEUTICALS, INC. (“AOLS”)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
26361 Crown Valley Parkway
Suite 150
Mission Viejo, CA 92691
ITEM 2(a). NAME OF PERSON FILING:
This Amendment No. 5 to Schedule 13G is being filed on behalf of the following persons (the "Reporting Persons"):
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(i) |
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Biotechnology Value Fund, L.P. ("BVF") |
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(ii) |
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Biotechnology Value Fund II, L.P. ("BVF2") |
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(iii) |
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BVF Investments, L.L.C. ("BVLLC") |
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(iv) |
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Investment 10, L.L.C. ("ILL10") |
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(v) |
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BVF Partners L.P. ("Partners") |
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(vi) |
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BVF Inc. ("BVF Inc.") |
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The principal business office of the Reporting Persons comprising the group filing this Amendment No. 5 to Schedule 13G is located at 900 North Michigan Avenue, Suite 1100, Chicago, Illinois, 60611.
ITEM 2(c). CITIZENSHIP:
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BVF: |
a Delaware limited partnership |
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BVF2: |
a Delaware limited partnership |
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BVLLC: |
a Delaware limited liability company |
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ILL10: |
an Illinois limited liability company |
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Partners: |
a Delaware limited partnership |
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BVF Inc.: |
a Delaware corporation |
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CUSIP No. 00765G109 |
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13G |
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Page 9 of 12 Pages |
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
This Amendment No. 5 to Schedule 13G, is being filed with respect to the common stock, par value $0.01 per share ("Common Stock"), of AOLS. The Reporting Persons' percentage ownership of Common Stock is
based on 32,030,874 shares of Common Stock being outstanding and the beneficial ownership by the Reporting Persons of 570,000 warrants (the “Warrants”) to purchase an equivalent number of shares of the Common Stock. See the discussion in footnote (1) for a further description of the Warrants.
As of December 31, 2008, BVF beneficially owned 561,513 shares of Common Stock, of which 170,000 shares are attributable to Warrants, BVF2 beneficially owned 384,279 shares of Common Stock, of which 116,000 shares are attributable to Warrants, BVLLC beneficially owned 842,482 shares of Common Stock, of which 255,664 shares are attributable
to Warrants and ILL10 beneficially owned 93,595 shares of Common Stock, to which 28,336 shares are attributable to Warrants. Partners and BVF Inc. may each be deemed to beneficially own 1,881,869 shares of Common Stock, of which 570,000 shares are attributable to Warrants.
ITEM 2(e). CUSIP Number: 007645G109
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS: One of the following
Not applicable as this Amendment No. 5 to Schedule 13G is filed pursuant to Rule 13d-1(c).
ITEM 4. OWNERSHIP:
The information in items 1 and 5 through 11 on the cover pages (pp. 2 - 7) of this Amendment No. 5 to Schedule 13G is hereby incorporated by reference.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owners of more than 5 percent of the class of securities, check the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Pursuant to the operating agreement of BVLLC, Partners is authorized, among other things, to invest the funds of Samana Capital, L.P., the majority member of BVLLC, in the shares of Common Stock beneficially owned by BVLLC and to vote and exercise dispositive power over those shares of Common Stock. Partners and BVF Inc. share voting and dispositive power over shares of Common Stock beneficially owned by BVF, BVF2, BVLLC and those owned by ILL10, on whose behalf Partners acts as an investment manager and, accordingly, Partners and BVF Inc. have beneficial ownership of all of the shares of Common Stock owned by such parties.
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CUSIP No. 00765G109 |
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13G |
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Page 10 of 12 Pages |
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Mr. Lampert is the owner, sole director and an officer of BVF Inc. BVF Inc. is the general partner of Partners, which is the general partner of BVF and BVF 2. Partners is the manager of BVLLC and is investment adviser to ILL10.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:
The members of the group making this filing on Amendment No. 5 to Schedule 13G are: Biotechnology Value Fund, L.P., Biotechnology Value Fund II, L.P., BVF Investments, L.L.C., Investment 10, L.L.C., BVF Partners L.P. and BVF Inc.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
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CUSIP No. 00765G109 |
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13G |
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Page 11 of 12 Pages |
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: January 21, 2009
BIOTECHNOLOGY VALUE FUND, L.P.*
By: BVF Partners, L.P., its general partner
By: BVF Inc., its general partner
By: /s/ Mark N. Lampert
Mark N. Lampert, President
BIOTECHNOLOGY VALUE FUND II, L.P.*
By: BVF Partners, L.P., its general partner
By: BVF Inc., its general partner
By: /s/ Mark N. Lampert
Mark N. Lampert, President
BVF INVESTMENTS, L.L.C.*
By: BVF Partners, L.P., its manager
By: BVF Inc., its general partner
By: /s/ Mark N. Lampert
Mark N. Lampert, President
INVESTMENT 10, L.L.C.*
By: BVF Partners, L.P., its investment manager
By: BVF Inc., its general partner
By: /s/ Mark N. Lampert
Mark N. Lampert, President
BVP PARTNERS L.P.*
By: BVF Inc., its general partner
By: /s/ Mark N. Lampert
Mark N. Lampert, President
BVF INC.*
By: /s/ Mark N. Lampert
Mark N. Lampert, President
*The Reporting Person disclaims beneficial ownership except to the extent of its pecuniary interest therein.
Exhibit A
JOINT FILING AGREEMENT
The undersigned agree that this Amendment No. 5 to Schedule 13G, dated December 31, 2008, relating to the Common Stock of AOLS shall be filed on behalf of the undersigned.
Dated: January 21, 2009
BIOTECHNOLOGY VALUE FUND, L.P.
By: BVF Partners, L.P., its general partner
By: BVF Inc., its general partner
By: /s/ Mark N. Lampert
Mark N. Lampert, President
BIOTECHNOLOGY VALUE FUND II, L.P.
By: BVF Partners, L.P., its general partner
By: BVF Inc., its general partner
By: /s/ Mark N. Lampert
Mark N. Lampert, President
BVF INVESTMENTS, L.L.C.
By: BVF Partners, L.P., its manager
By: BVF Inc., its general partner
By: /s/ Mark N. Lampert
Mark N. Lampert, President
INVESTMENT 10, L.L.C.
By: BVF Partners, L.P., its investment manager
By: BVF Inc., its general partner
By: /s/ Mark N. Lampert
Mark N. Lampert, President
BVF PARTNERS L.P.
By: BVF Inc., its general partner
By: /s/ Mark N. Lampert
Mark N. Lampert, President
BVF INC.
By: /s/ Mark N. Lampert
Mark N. Lampert, President