-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G/R1yCkZ3p7tfItKuLPaRPQjfoU6XBgNTA2mMpdV48AyudwF5Yq11FHFMnZ4YGhM Oi7z1VY9EnUFK7+X1A55HQ== 0001314204-07-000004.txt : 20070214 0001314204-07-000004.hdr.sgml : 20070214 20070214125355 ACCESSION NUMBER: 0001314204-07-000004 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Freestone Advisors LLC CENTRAL INDEX KEY: 0001314204 IRS NUMBER: 200454558 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82587 FILM NUMBER: 07617014 BUSINESS ADDRESS: STREET 1: 1191 SECOND AVENUE STREET 2: SUITE 2100 CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 206-398-1100 MAIL ADDRESS: STREET 1: 1191 SECOND AVENUE STREET 2: SUITE 2100 CITY: SEATTLE STATE: WA ZIP: 98101 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Freestone Advisors LLC CENTRAL INDEX KEY: 0001314204 IRS NUMBER: 200454558 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1191 SECOND AVENUE STREET 2: SUITE 2100 CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 206-398-1100 MAIL ADDRESS: STREET 1: 1191 SECOND AVENUE STREET 2: SUITE 2100 CITY: SEATTLE STATE: WA ZIP: 98101 SC 13G/A 1 r13g-012307d.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 2)* BRADLEY PHARMACEUTICALS, INC. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 104576103 (CUSIP Number) December 31, 2006 (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)1 ( Rule 13d-1(c)2 ? 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 ("Act") 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. 104576103 13G/A 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY) Freestone Advisors LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ? (b) ( 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER None. 6. SHARED VOTING POWER 158,450 7. SOLE DISPOSITIVE POWER None. 8. SHARED DISPOSITIVE POWER 158,450 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 158,450 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ? 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.99% 12. TYPE OF REPORTING PERSON IA CUSIP NO. 104576103 13G/A 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY) Freestone Opportunity Partners LP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ? (b) ( 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER None. 6. SHARED VOTING POWER 158,450 7. SOLE DISPOSITIVE POWER None. 8. SHARED DISPOSITIVE POWER 158,450 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 158,450 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ? 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.99% 12. TYPE OF REPORTING PERSON PN CUSIP NO. 104576103 13G/A 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY) Gary I. Furukawa 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ? (b) ( 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER 32,480 6. SHARED VOTING POWER 222,350 7. SOLE DISPOSITIVE POWER 32,480 8. SHARED DISPOSITIVE POWER 222,350 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON 254,830 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ? 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.6% 12. TYPE OF REPORTING PERSON IN Item 1. (a) Name of Issuer: Bradley Pharmaceuticals, Inc. (b) Address of Issuer's principal executive offices: 383 Route 46 West Fairfield, NJ 07004 Item 2. (a) Names of persons filing: See cover pages, item 1. (b) Address or principal business office or, if none, residence: 1191 Second Avenue, Suite 2100, Seattle, WA 98101. (c) Citizenship: See Cover Pages, item 4. (d) Title of class of securities: Common Stock, par value $0.01 per share. (e) CUSIP No.: 104576103 Item 3. Statement filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c): * Freestone Advisors LLC is filing as an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). * Freestone Opportunity Partners LP is filing in accordance with Rule 13d-1(c). * Gary I. Furukawa is filing as a parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). Item 4. Ownership See Cover Pages, items 5 through 11. The approximate percentages of shares of Common Stock reported as beneficially owned by the Reporting Persons (as defined below) are based upon 15,998,026 shares of Common Stock outstanding, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2006. Freestone Opportunity Partners LP is the holder of that amount of securities of the Issuer as are listed on the respective Cover Page. Freestone Advisors LLC is an investment adviser to Freestone Opportunity Partners LP. Gary I . Furukawa is the Managing Member of Freestone Advisors LLC. Additionally, (i) Gary I. Furukawa is the sole holder of shares in Freestone Capital Management Inc., a Delaware corporation, which such entity has voting and dispositive power over 63,900 shares of the Issuer?s common stock; and (ii) Gary I. Furukawa has voting and dispositive power over 32,480 shares of the Issuer?s common stock which are held privately by he and his family. Freestone Opportunity Partners LP, Freestone Advisors LLC and Gary I . Furukawa are collectively referred to as the ?Reporting Persons? in this Amendment to Schedule 13G. Item 5. Ownership of Five Percent (5%) 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 (5%) of the class of securities, check the following: [X] Item 6. Ownership of More than Five Percent (5%) 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 or Control Person. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below, each of the undersigned certifies that, to the best of his or its individual knowledge and belief, the securities referred to above (i) were acquired, and are held, in the ordinary course of business, (ii) were not acquired, and are not held, for the purpose, or with the effect,of changing or influencing the control of the issuer of the securities, and (iii) were not acquired, and are not held, by the undersigned in connection with, or as a participant in, any transaction having the purpose or effect provided in the preceding subsection (ii). SIGNATURE After reasonable inquiry and to the best of the knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 23, 2007 Freestone Advisors LLC By: GARY FURUKAWA Title: Managing Member Gary I. Furukawa, an individual Freestone Opportunity Partners By: Freestone Advisors LLC Its general partner By: Gary I. Furukawa Title: Managing Member 1 Mr. Gary Furukawa, an individual, and Freestone Advisors LLC, a Delaware limited liability company, are each filing pursuant to Rule 13d-1(b). 2 Freestone Opportunity Partners LP, a Delaware limited partnership, is filing pursuant to Rule 13d-1(c). ?? ?? ?? ?? {00306870; 4; 2368-1} {00306870; 4; 2368-1} -----END PRIVACY-ENHANCED MESSAGE-----