-----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, SwFskzCoagAC2qmgLRoWpm080gJl7/du1Uu+387WkwXGisYb/cnkadhZ2EAgwpw8 thS1HtE9jn9yEmH1EA/oVQ== 0001193125-07-032044.txt : 20070214 0001193125-07-032044.hdr.sgml : 20070214 20070214173058 ACCESSION NUMBER: 0001193125-07-032044 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070214 DATE AS OF CHANGE: 20070214 GROUP MEMBERS: JACOB GOTTLIEB GROUP MEMBERS: VISIUM ASSET MANAGEMENT, LLC GROUP MEMBERS: VISIUM BALANCED OFFSHORE FUND, LP GROUP MEMBERS: VISIUM CAPITAL MANAGEMENT, LLC GROUP MEMBERS: VISIUM LONG BIAS FUND, LP GROUP MEMBERS: VISIUM LONG BIAS OFFSHORE FUND, LP FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Visium Balanced Fund LP CENTRAL INDEX KEY: 0001345030 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 650 MADISON AVE 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 MAIL ADDRESS: STREET 1: 650 MADISON AVE 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ZILA INC CENTRAL INDEX KEY: 0000827156 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 860619668 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40767 FILM NUMBER: 07623049 BUSINESS ADDRESS: STREET 1: 5227 NORTH 7TH STREET CITY: PHOENIX STATE: AZ ZIP: 85014-2800 BUSINESS PHONE: 6022666700 MAIL ADDRESS: STREET 1: 5227 NORTH 7 STREET CITY: PHOENIX STATE: AZ ZIP: 85014-2800 SC 13G/A 1 dsc13ga.htm AMENDMENT #1 TO THE SCHEDULE 13G Amendment #1 to the Schedule 13G

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G/A

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

ZILA INC.


(Name of Issuer)

COMMON STOCK, $.001 PAR VALUE


(Title of Class of Securities)

 

 

989513205

                                (CUSIP Number)                                

January 31, 2007


(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 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 (“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. 989513205     Page 2 of 12 Pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

   
                Visium Balanced Fund, 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
 
                  1,421,638 (See Item 4)
    7    SOLE DISPOSITIVE POWER
 
                  None
    8    SHARED DISPOSITIVE POWER
 
                  1,421,638 (See Item 4)
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                1,421,638 (See Item 4)    
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*   ¨
                Not Applicable    
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
                2.58%    
12   TYPE OF REPORTING PERSON*  
                OO    

*SEE INSTRUCTIONS BEFORE FILLING OUT.

 

Page 2 of 12 Pages


CUSIP No. 989513205     Page 3 of 12 Pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

   
                Visium Long Bias Fund, 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
 
                  437,895 (See Item 4)
    7    SOLE DISPOSITIVE POWER
 
                  None
    8    SHARED DISPOSITIVE POWER
 
                  437,895 (See Item 4)
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                437,895 (See Item 4)    
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*   ¨
                Not Applicable    
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
                .79%    
12   TYPE OF REPORTING PERSON*  
                OO    

*SEE INSTRUCTIONS BEFORE FILLING OUT.

 

Page 3 of 12 Pages


CUSIP No. 989513205     Page 4 of 12 Pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

   
                Visium Balanced Offshore Fund, Ltd.    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  
  (a)  ¨  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
                Cayman Islands    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    SOLE VOTING POWER
 
                  None
    6    SHARED VOTING POWER
 
                  2,367,371(See Item 4)
    7    SOLE DISPOSITIVE POWER
 
                  None
    8    SHARED DISPOSITIVE POWER
 
                  2,367,371(See Item 4)
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                2,367,371(See Item 4)    
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*   ¨
                Not Applicable    
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
                4.29%    
12   TYPE OF REPORTING PERSON*  
                CO    

*SEE INSTRUCTIONS BEFORE FILLING OUT.

 

Page 4 of 12 Pages


CUSIP No. 989513205     Page 5 of 12 Pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

   
                Visium Long Bias Offshore Fund, Ltd.    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  
  (a)  ¨  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
                Cayman Islands    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    SOLE VOTING POWER
 
                  None
    6    SHARED VOTING POWER
 
                  1,659,212 (See Item 4)
    7    SOLE DISPOSITIVE POWER
 
                  None
    8    SHARED DISPOSITIVE POWER
 
                  1,659,212 (See Item 4)
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                1,659,212 (See Item 4)    
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*   ¨
                Not Applicable    
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
                3.01%    
12   TYPE OF REPORTING PERSON*  
                CO    

*SEE INSTRUCTIONS BEFORE FILLING OUT.

 

Page 5 of 12 Pages


CUSIP No. 989513205     Page 6 of 12 Pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

   
                Visium Capital Management, 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
 
                  1,859,533 (See Item 4)
    7    SOLE DISPOSITIVE POWER
 
                  None
    8    SHARED DISPOSITIVE POWER
 
                  1,859,533 (See Item 4)
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                1,859,533 (See Item 4)    
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*   ¨
                Not Applicable    
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
                3.37%    
12   TYPE OF REPORTING PERSON*  
                OO    

 

Page 6 of 12 Pages


CUSIP No. 989513205     Page 7 of 12 Pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

   
                Visium Asset Management, 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
 
                  5,886,116 (See Item 4)
    6    SHARED VOTING POWER
 
                  None
    7    SOLE DISPOSITIVE POWER
 
                  5,886,116 (See Item 4)
    8    SHARED DISPOSITIVE POWER
 
                  None
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                5,886,116 (See Item 4)    
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*   ¨
                Not Applicable    
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
                9.99%1    
12   TYPE OF REPORTING PERSON*  
                OO    

*SEE INSTRUCTIONS BEFORE FILLING OUT.


1 The warrants held by the selling stockholder have a limitation on exercise which prevents the selling stockholder from exercising the warrant if the total number of shares of common stock would be aggregated to exceed 9.99% of the total number of issued and outstanding shares of common stock.

 

Page 7 of 12 Pages


CUSIP No. 989513205     Page 8 of 12 Pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

   
                Jacob Gottlieb    
  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
 
                  5,886,116 (See Item 4)
    6    SHARED VOTING POWER
 
                  None (See Item 4)
    7    SOLE DISPOSITIVE POWER
 
                  5,886,116 (See Item 4)
    8    SHARED DISPOSITIVE POWER
 
                  None (See Item 4)
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                5,886,116 (See Item 4)    
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*   ¨
                Not Applicable    
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
                9.99%2    
12   TYPE OF REPORTING PERSON*  
                IN    

*SEE INSTRUCTIONS BEFORE FILLING OUT.


2 The warrants held by the selling stockholder have a limitation on exercise which prevents the selling stockholder from exercising the warrant if the total number of shares of common stock would be aggregated to exceed 9.99% of the total number of issued and outstanding shares of common stock.

 

Page 8 of 12 Pages


CUSIP No. 989513205     Page 9 of 12 Pages

 

Item 1  

(a)

   Name of Issuer:      
     ZILA Inc. (the “Company”)      
 

(b)

   Address of Issuer’s Principal Executive Offices:      
    

5227 N. 7th Street

Phoenix, AZ 85014

     
Item 2  

(a) – (c)

   This statement is filed on behalf of the following:      
     (1) Visium Balanced Fund, LP, a Delaware limited partnership (“VBF”), with its principal business office at c/o Visum Asset Management, LLC, 950 Third Avenue, New York, NY 10022.      
     (6) Visium Long Bias Fund, LP, a Delaware limited partnership (“VLBF”), with its principal business office at c/o Visum Asset Management, LLC, 950 Third Avenue, New York, NY 10022.      
     (7) Visium Balanced Fund Offshore, Ltd., a Cayman Islands corporation (“VBFO”), with its principal business office at c/o Morgan Stanley Fund Services (Cayman) Limited, P.O. Box 2681GT, Century yard, 4th Floor, Cricket Square, Hutchins Drive, Grand Cayman, Cayman Islands, British West Indies.      
     (8) Visium Long Bias Fund Offshore, Ltd., a Cayman Islands corporation (“VLBFO”), with its principal business office at c/o Morgan Stanley Fund Services (Cayman) Limited, P.O. Box 2681GT, Century yard, 4th Floor, Cricket Square, Hutchins Drive, Grand Cayman, Cayman Islands, British West Indies.      
     (9) Visium Asset Management, LLC, a Delaware limited liability company (“VAM”), with its principal business office at Visum Asset Management, LLC, 950 Third Avenue, New York, NY 10022. VAM is the investment advisor to each of VBF, VLBF, VBFO and VLBFO.      
     (10) Visium Capital Management, LLC, a Delaware limited liability company (“VCM”), with its principal business office c/o Visum Asset Management, LLC, 950 Third Avenue, New York, NY 10022. VCM is the General Partner of VBF an VLBF.      
 

(d)

   Title of Class of Securities:      
     Common Stock, $.001 Par Value      
 

(e)

   CUSIP Number:      
     989513205      
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:   
  Not Applicable   

 

Page 9 of 12 Pages


CUSIP No. 989513205     Page 10 of 12 Pages

 

Item 4    Ownership:      
   VBF      
   (a)    Amount Beneficially Owned:      
      1,421,638 shares      
   (b)    Percent of Class:      
      2.58%      
   (c)    Number of Shares as to which person has:      
      (i)    sole power to vote or to direct vote:      
         None      
      (ii)    shared power to vote or to direct vote:      
         1,421,638 shares      
      (iii)    sole power to dispose or direct disposition of:      
         None      
      (iv)    shared power to dispose or to direct disposition of:      
         1,421,638 shares      
   VLBF      
   (a)    Amount Beneficially Owned:      
      437,895 shares      
   (b)    Percent of Class:      
      .79%      
   (c)    Number of Shares as to which person has:      
      (i)    sole power to vote or to direct vote:      
         None      
      (ii)    shared power to vote or to direct vote:      
         437,895 shares      
      (iii)    sole power to dispose or direct disposition of:      
         None      
      (iv)    shared power to dispose or to direct disposition of:      
         437,895 shares      
   VBFO      
   (a)    Amount Beneficially Owned:      
      2,367,371 shares      
   (b)    Percent of Class:      
      4.29%      
   (c)    Number of Shares as to which person has:      
      (i)    sole power to vote or to direct vote:      
         None      
      (ii)    shared power to vote or to direct vote:      
         2,367,371 shares      
      (iii)    sole power to dispose or direct disposition of:      
         None      
      (iv)    shared power to dispose or to direct disposition of:      
         2,367,371 shares      
   VLBFO      
   (a)    Amount Beneficially Owned:      
      1,659,212 shares      
   (b)    Percent of Class:      
      3.01%      
   (c)    Number of Shares as to which person has:      
      (i)    sole power to vote or to direct vote:      
         None      
      (ii)    shared power to vote or to direct vote:      
         1,659,212 shares      
      (iii)    sole power to dispose or direct disposition of:      
         None      
      (iv)    shared power to dispose or to direct disposition of:      
         1,659,212 shares      
   VAM      
   (a)    Amount Beneficially Owned:      
      By virtue of its position as investment advisor to each of VBF, VLBF, VBFO and VLBFO, VAM may be deemed to beneficially own the 5,886,116 shares of the Company’s Common Stock beneficially owned by VBF, VLBF, VBFO and VLBFO.      
   (b)    Percent of Class:      
      9.99%3      
   (c)    Number of Shares as to which person has:      
      (i)    sole power to vote or to direct vote:      
         5,886,116 shares      
      (ii)    shared power to vote or to direct vote:      
         None      
      (iii)    sole power to dispose or direct disposition of:      
         5,886,116 shares      
      (iv)    shared power to dispose or to direct disposition of:      
         None      
   VCM      
   (a)    Amount Beneficially Owned:      
      By virtue of its position as General Partner to each of VBF and VLBF, VCM may be deemed to beneficially own the 1,859,533 shares of the Company’s Common Stock beneficially owned by VBF and VLBF.      
   (b)    Percent of Class:      
      3.37%      
   (c)    Number of Shares as to which person has:      
      (i)    sole power to vote or to direct vote:      
         None      
      (ii)    shared power to vote or to direct vote:      
         1,859,533 shares      
      (iii)    sole power to dispose or direct disposition of:      
         None      
      (iv)    shared power to dispose or to direct disposition of:      
         1,859,533 shares      
   Jacob Gottlieb      
   (a)    Amount Beneficially Owned:      
      By virtue of his position as the principal of VAM and the sole managing member of VCM, Mr. Gottlieb may be deemed to beneficially own the [            ] shares of the Company’s Common Stock beneficially owned by VAM.      
   (b)    Percent of Class:      
      9.99%4      
   (c)    Number of Shares as to which person has:      
      (i)    sole power to vote or to direct vote:      
         5,886,116shares      
      (ii)    shared power to vote or to direct vote:      
         None      
      (iii)    sole power to dispose or direct disposition of:      
         5,886,116shares      
      (iv)    shared power to dispose or to direct disposition of:      
         None      

3 The warrants held by the selling stockholder have a limitation on exercise which prevents the selling stockholder from exercising the warrant if the total number of shares of common stock would be aggregated to exceed 9.99% of the total number of issued and outstanding shares of common stock.

4 The warrants held by the selling stockholder have a limitation on exercise which prevents the selling stockholder from exercising the warrant if the total number of shares of common stock would be aggregated to exceed 9.99% of the total number of issued and outstanding shares of common stock.

 

Page 10 of 12 Pages


CUSIP No. 989513205     Page 11 of 12 Pages

 

Item 5    Ownership of Five Percent or Less of a Class:   
   Not Applicable   
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      
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.      

 

Page 11 of 12 Pages


CUSIP No. 989513205

  Page 12 of 12 Pages

SIGNATURE

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.

Date: February 12, 2007

 

 

VISIUM ASSET MANAGEMENT, LLC    VISIUM LONG BIAS FUND, LP

By:

 

/s/ Mark Gottlieb

   By:  

/s/ Mark Gottlieb

  Mark Gottlieb      Mark Gottlieb
  Authorized Signatory      Authorized Signatory
VISIUM BALANCED FUND, LP    VISIUM BALANCED OFFSHORE FUND, LTD.

By:

 

/s/ Mark Gottlieb

   By:  

/s/ Mark Gottlieb

  Mark Gottlieb      Mark Gottlieb
  Authorized Signatory      Authorized Signatory
VISIUM CAPITAL MANAGEMENT, LLC    VISIUM LONG BIAS OFFSHORE FUND, LTD.

By:

 

/s/ Mark Gottlieb

   By:  

/s/ Mark Gottlieb

  Mark Gottlieb      Mark Gottlieb
  Authorized Signatory      Authorized Signatory

 

JACOB GOTTLIEB

By:

 

/s/ Mark Gottlieb

 

Mark Gottlieb

 

Authorized Representative and Chief Compliance Officer

 

Page 12 of 12 Pages

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