sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. 1)*
Acacia Research Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
ACACIA RESEARCH - COMBIMATRIX COMMON STOCK, PAR VALUE $.001 PER SHARE
--------------------------------------------------------------------------------
(Title of Class of Securities)
003881 20 8
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2003
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
--------------
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/ / Rule 13d-1(b)
/x/ Rule 13d-1(c)
/ / 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 in 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).
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 2 of 20 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley MedTech Partners, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 166,667 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
166,667 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,667 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 3 of 20 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wheatley MedTech Partners LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
166,667 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
166,667 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,667 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 4 of 20 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Irwin Lieber
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 100,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
166,667 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
100,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
166,667 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
267,667 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 5 of 20 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Fingerhut
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 100,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
166,667 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
100,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
166,667 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
266,667 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 6 of 20 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Applegreen Partners
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 20,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
20,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 7 of 20 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seneca Ventures
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 140,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
140,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
140,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 8 of 20 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Venture Fund
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 150,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
150,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 9 of 20 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Partners
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 200,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
0 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
200,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.8%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 10 of 20 Pages
-------------------------- ----------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Rubenstein
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 200,000 shares
OWNED BY
EACH -----------------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON WITH
656,667 shares
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
200,000 shares
-----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
656,667 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
856,667 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES(1) / /
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.3%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 11 of 20 Pages
-------------------------- ----------------------------------
Item 1.
(a) Name of Issuer: Acacia Research Corporation
(b) Address of Issuer's Principal Executive Offices:
500 Newport Center Drive, Newport Beach, CA 92660
Item 2.
1. (a) Name of Person Filing: Wheatley MedTech Partners, L.P.
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
2. (a) Name of Person Filing: Wheatley MedTech Partners LLC
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
3. (a) Name of Person Filing: Irwin Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
4. (a) Name of Person Filing: Barry Fingerhut
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: Delaware
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
5. (a) Name of Person Filing: Applegreen Partners
(b) Address of Principal Business Office, or if none, Residence:
8 Applegreen Drive, Old Westbury, New York, 11568
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 12 of 20 Pages
-------------------------- ----------------------------------
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
6. (a) Name of Person Filing: Seneca Ventures
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
7. (a) Name of Person Filing: Woodland Venture Fund
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
8. (a) Name of Person Filing: Woodland Partners
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
9. (a) Name of Person Filing: Barry Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
The following individuals or entities are identified in this Schedule
13G due to their relationships with one or more of the Reporting Persons
disclosed above. The following persons or entities are not Reporting Persons for
purposes of this Schedule 13G.
Other Members of Wheatley MedTech Partners LLC but who do not directly
beneficially own shares of Common Stock of the Issuer.
10. (a) Name of Person Filing: Nancy Casey
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 13 of 20 Pages
-------------------------- ----------------------------------
(e) CUSIP Number: 003881 20 8
11. (a) Name of Person Filing: David Dantzker
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
12. (a) Name of Person Filing: Jonathan Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
13. (a) Name of Person Filing: Seth Lieber
(b) Address of Principal Business Office, or if none, Residence:
80 Cuttermill Road, Suite 302, Great Neck, NY 11021
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
Other affiliates of Barry Rubenstein but who do not directly
beneficially own shares of Common Stock of the Issuer.
14. (a) Name of Person Filing: Marilyn Rubenstein
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: United States
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
15. (a) Name of Person Filing: Woodland Services Corp.
(b) Address of Principal Business Office, or if none, Residence:
68 Wheatley Road, Brookville, New York 11545
(c) Citizenship: New York
(d) Title of Class of Securities: Acacia Research - CombiMatrix
Common Stock, par value $.001
per share
(e) CUSIP Number: 003881 20 8
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 14 of 20 Pages
-------------------------- ----------------------------------
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 a:
/x/ Not Applicable
(a) / / Broker or dealer registered under Section 15 of the
Exchange Act.
(b) / / Bank as defined in section 3(a)(6) of the Exchange Act.
(c) / / Insurance company as defined in section 3(a)(19) of the
Exchange Act.
(d) / / Investment company registered under section 8 of the
Investment Company Act.
(e) / / An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act.
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership - The percentages of beneficial ownership shown below
are based on 26,184,771 shares of Common Stock outstanding as of
November 7, 2003 as reported in the Issuer's report for the period ended
September 30, 2003 on Form 10-Q.
1. Wheatley MedTech Partners, L.P.
(a) Amount Beneficially Owned: 166,667 shares.
(b) Percent of Class: 0.6%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 166,667 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
166,667 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
2. Wheatley MedTech Partners LLC
(a) Amount Beneficially Owned: 166,667 shares.
(b) Percent of Class: 0.6%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 166,667
shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
166,667 shares.
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 15 of 20 Pages
-------------------------- ----------------------------------
3. Irwin Lieber
(a) Amount Beneficially Owned: 266,667 shares.
(b) Percent of Class: 1.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 100,000 shares.
(ii) shared power to vote or direct the vote: 166,667
shares.
(iii) sole power to dispose or direct the disposition of:
100,000 shares.
(iv) shared power to dispose or direct the disposition of:
166,667 shares.
4. Barry Fingerhut
(a) Amount Beneficially Owned: 266,667 shares.
(b) Percent of Class: 1.0%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 100,000 shares.
(ii) shared power to vote or direct the vote: 166,667
shares.
(iii) sole power to dispose or direct the disposition of:
100,000 shares.
(iv) shared power to dispose or direct the disposition of:
166,667 shares.
5. Applegreen Partners
(a) Amount Beneficially Owned: 20,000 shares.
(b) Percent of Class: 0.1%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 20,000 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
20,000 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
6. Seneca Ventures
(a) Amount Beneficially Owned: 140,000 shares.
(b) Percent of Class: 0.5%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 140,000 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
140,000 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
7. Woodland Venture Fund
(a) Amount Beneficially Owned: 150,000 shares.
(b) Percent of Class: 0.6%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 150,000 shares.
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
150,000 shares.
(iv) shared power to dispose or direct the disposition of: 0
shares.
8. Woodland Partners
(a) Amount Beneficially Owned: 200,000 shares.
(b) Percent of Class: 0.8%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 200,000 shares.
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 16 of 20 Pages
-------------------------- ----------------------------------
(ii) shared power to vote or direct the vote: 0 shares.
(iii) sole power to dispose or direct the disposition of:
200,000 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
9. Barry Rubenstein
(a) Amount Beneficially Owned: 856,667 shares.
(b) Percent of Class: 3.3%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 200,000 shares.
(ii) shared power to vote or direct the vote: 656,667
shares.
(iii) sole power to dispose or direct the disposition of:
200,000 shares.
(iv) shared power to dispose or direct the disposition of:
656,667 shares.
The following individuals or entities are identified in this Schedule
13G due to their relationships with one or more of the Reporting Persons
disclosed above. The following persons or entities are not Reporting
Persons for purposes of this Schedule 13G.
Other Members of Wheatley MedTech Partners LLC but who do not directly
beneficially own shares of Common Stock of the Issuer:
10. Nancy Casey
(a) Amount Beneficially Owned: 166,667 shares.
(b) Percent of Class: 0.6%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 166,667
shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
166,667 shares.
11. David Dantzker
(a) Amount Beneficially Owned: 166,667 shares.
(b) Percent of Class: 0.6%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or directthe vote: 166,667 shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
166,667 shares.
12. Jonathan Lieber
(a) Amount Beneficially Owned: 186,667 shares.
(b) Percent of Class: 0.7%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 186,667
shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
186,667 shares.
13. Seth Lieber
(a) Amount Beneficially Owned: 186,667 shares.
(b) Percent of Class: 0.7%.
(c) Number of shares as to which such person has:
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 17 of 20 Pages
-------------------------- ----------------------------------
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 186,667
shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
186,667 shares.
Other affiliates of Barry Rubenstein but who do not directly
beneficially own shares of Common Stock of the Issuer:
14. Marilyn Rubenstein
(a) Amount Beneficially Owned: 490,000 shares.
(b) Percent of Class: 1.9%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 490,000
shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
490,000 shares.
15. Woodland Services Corp.
(a) Amount Beneficially Owned: 290,000 shares.
(b) Percent of Class: 1.1%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 0 shares.
(ii) shared power to vote or direct the vote: 290,000
shares.
(iii) sole power to dispose or direct the disposition of: 0
shares.
(iv) shared power to dispose or direct the disposition of:
290,000 shares.
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 person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 18 of 20 Pages
-------------------------- ----------------------------------
Item 9. Notice of Dissolution of Group.
Not Applicable.
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.
[The remainder of this page was intentionally left blank.]
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 19 of 20 Pages
-------------------------- ----------------------------------
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: February 13, 2004
WHEATLEY MEDTECH PARTNERS, L.P.
By: Wheatley MedTech Partners LLC,
General Partner
By: /s/ Barry Rubenstein
----------------------------------
Name: Barry Rubenstein
Title: Chief Executive Officer
WHEATLEY MEDTECH PARTNERS LLC
By: /s/ Barry Rubenstein
----------------------------------
Name: Barry Rubenstein
Title: Chief Executive Officer
/s/ Irwin Lieber
-------------------------------------
Irwin Lieber
/s/ Barry Fingerhut
-------------------------------------
Barry Fingerhut
APPLEGREEN PARTNERS
By: /s/ Jonathan Lieber
---------------------------------
Jonathan Lieber,
Managing General Partner
/s/ Barry Rubenstein
-------------------------------------
Barry Rubenstein
SENECA VENTURES
By: /s/ Barry Rubenstein
----------------------------------
Barry Rubenstein, a General
Partner
-------------------------- ----------------------------------
CUSIP No. 003881 20 8 13G Page 20 of 20 Pages
-------------------------- ----------------------------------
WOODLAND PARTNERS
By: /s/ Barry Rubenstein
----------------------------------
Barry Rubenstein, a General
Partner
WOODLAND VENTURE FUND
By: /s/ Barry Rubenstein
----------------------------------
Barry Rubenstein, a General
Partner