-----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, FD/hg0DtEWQoh3i9elqWr5XIx7Z5zgNyGRUEYyPZyWmo60cBO4ueLt12vFlwstTy ZHwKq9L6l874kszYAEBPMg== 0000906344-09-000203.txt : 20090210 0000906344-09-000203.hdr.sgml : 20090210 20090210151450 ACCESSION NUMBER: 0000906344-09-000203 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090210 DATE AS OF CHANGE: 20090210 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CELL THERAPEUTICS INC CENTRAL INDEX KEY: 0000891293 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 911533912 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48459 FILM NUMBER: 09585489 BUSINESS ADDRESS: STREET 1: 501 ELLIOTT AVE W STREET 2: STE 400 CITY: SEATTLE STATE: WA ZIP: 98119 BUSINESS PHONE: 2062707100 MAIL ADDRESS: STREET 1: 501 ELLIOTT AVE W STREET 2: STE 400 CITY: SEATTLE STATE: WA ZIP: 98119 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Enable Capital Management, LLC CENTRAL INDEX KEY: 0001383071 IRS NUMBER: 731625368 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE FERRY BUILDING, SUITE 255 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 415.677.1577 MAIL ADDRESS: STREET 1: ONE FERRY BUILDING, SUITE 255 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13G/A 1 celltherapeutics_13g-a1.htm SCH 13G/A1 (02/10/09) celltherapeutics_13g-a1.htm - Generated by SEC Publisher for SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)

Cell Therapeutics, Inc.
(Name of Issuer)

Common Stock, no par value per share
(Title of Class of Securities)

150934404
(CUSIP Number)

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:

 £ Rule 13d-1(b)

 T 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 (“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).

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1 .         Names of Reporting Persons.  ENABLE CAPITAL MANAGEMENT, LLC  

2		 .         Check the Appropriate Box if a Member of a Group (See Instructions)  (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    25,640  
           
6 .  Shared Voting Power    0  
           
7 .  Sole Dispositive Power    25,640  
           
8 .  Shared Dispositive Power    0  
 
9 .         Aggregate Amount Beneficially Owned by Each Reporting Person  25,640  
 
10 .         Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  £  
 
11 .         Percent of Class Represented by Amount in Row (9)    0.1 % 
 
12 .         Type of Reporting Person (See Instructions)    OO  

2

1 .         Names of Reporting Persons.  ENABLE GROWTH PARTNERS, L.P.  
 
2 .         Check the Appropriate Box if a Member of a Group (See Instructions)  (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    0  
           
6 .  Shared Voting Power    21,794  
           
7 .  Sole Dispositive Power    0  
           
8 .  Shared Dispositive Power    21,794  
 
9 .         Aggregate Amount Beneficially Owned by Each Reporting Person    21,794  
 
10 .         Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  £  
 
11 .         Percent of Class Represented by Amount in Row (9)    0.1 % 
 
12 .         Type of Reporting Person (See Instructions)    PN  

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1 .         Names of Reporting Persons.  MITCHELL S. LEVINE  
 
2 .         Check the Appropriate Box if a Member of a Group (See Instructions)                       (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    25,640  
           
6 .  Shared Voting Power    0  
           
7 .  Sole Dispositive Power    25,640  
           
8 .  Shared Dispositive Power    0  
 
9 .         Aggregate Amount Beneficially Owned by Each Reporting Person    25,640  
 
10 .         Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  £  
 
11 .         Percent of Class Represented by Amount in Row (9)    0.1 % 
 
12 .         Type of Reporting Person (See Instructions)    IN  

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Item 1(a). Name of Issuer:

                  Cell Therapeutics, Inc.

Item 1(b). Address of Issuer’s Principal Executive Office:

                  501 Elliott Avenue W, Suite 400
                  Seattle, WA 98119

Item 2(a). Name of Person Filing:

                  Enable Capital Management, LLC (“ECM”)
                  Enable Growth Partners, L.P. (“EGP”)
                  Mitchell S. Levine

Item 2(b). Address of Principal Business Office or, if none, Residence:

                  The business address of the reporting persons is One Ferry Building, Suite 255, San Francisco, CA 94111.

Item 2(c). Citizenship:

                  Reference is made to Item 4 of pages 2, 3 and 4 of this Schedule 13G (this “Schedule”), which Items are incorporated by reference herein.

Item 2(d). Title of Class of Securities:

                  Common Stock, no par value per share.

Item 2(e). CUSIP Number:

                  150934404

Item 3.      If this statement is filed pursuant to §§240.13d -1(b) or 240.13d -2(b) or (c), check whether the person filing is a:

£  (a)  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). 
£  (b)  Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). 
£  (c)  Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). 
£  (d)  Investment company registered under section 8 of the Investment Company Act of 
    1940 (15 U.S.C 80a-8). 
£  (e)  An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); 
£  (f)  An employee benefit plan or endowment fund in accordance with §240.13d- 
    1(b)(1)(ii)(F); 
£  (g)  A parent holding company or control person in accordance with § 240.13d- 
    1(b)(1)(ii)(G); 

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£  (h)  A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act 
    (12 U.S.C. 1813); 
     
£  (i)  A church plan that is excluded from the definition of an investment company under 
    section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); 
     
£  (j)  Group, in accordance with §240.13d-1(b)(1)(ii)(J). 

Item 4.      Ownership:

               Reference is hereby made to Items 5-9 and 11 of pages 2, 3 and 4 of this Schedule, which Items are incorporated by reference herein.

               The securities to which this Schedule relates (the “Securities”) are owned by certain investment limited partnerships, including EGP, and other client accounts, for which ECM serves as general partner and/or investment manager. ECM, as EGP’s and those other investment limited partnerships’ and client accounts’ general partner and/or investment manager, and Mitchell S. Levine, as managing member and majority owner of ECM, may therefore be deemed to beneficially own the Securities owned by EGP and such other investment limited partnerships and client accounts for the purposes of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the “Act”), insofar as they may be deemed to have the power to direct the voting or disposition of those Securities.

               Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that ECM or Mr. Levine is, for any other purpose, the beneficial owner of any of the Securities, and each of ECM and Mr. Levine disclaims beneficial ownership as to the Securities, except to the extent of his or its pecuniary interests therein.

               Under the definition of “beneficial ownership” in Rule 13d-3 under the Securities Exchange Act of 1934, it is also possible that the individual general partners, executive officers, and members of the foregoing entities might be deemed the “beneficial owners” of some or all of the Securities insofar as they may be deemed to share the power to direct the voting or disposition of the Securities. Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of such individuals is, for any purpose, the beneficial owner of any of the Securities, and such beneficial ownership is expressly disclaimed.

              The calculation of percentage of beneficial ownership in Item 11 of pages 2, 3 and 4 was derived from the Issuer’s Form 8-K filed with the Securities and Exchange Commission on December 19, 2008, in which the Issuer stated that the number of shares of its Common Stock outstanding as of October 16, 2008 was 37,445,816 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.

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 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.

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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.

Dated: February 10, 2009  ENABLE CAPITAL MANAGEMENT, LLC 
 
  By:    /s/ Mitchell S. Levine 
 

      Mitchell S. Levine, its Managing Member 

 

  ENABLE GROWTH PARTNERS, L.P. 
 
By: Enable Capital Management, LLC, its General Partner 
 

By:  /s/ Mitchell S. Levine 
  Mitchell S. Levine, its Managing Member 
 
  MITCHELL S. LEVINE 
 
  /s/ Mitchell S. Levine 
  Mitchell S. Levine 

 

EXHIBITS LIST

Exhibit A  Joint Filing Undertaking  Page 9 

 

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EXHIBIT A

JOINT FILING UNDERTAKING

     The undersigned, being authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13G to evidence the agreement of the below-named parties, in accordance with rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule, as it may be amended, jointly on behalf of each of such parties.

Dated: February 10, 2009  ENABLE CAPITAL MANAGEMENT, LLC 
 
  By:    /s/ Mitchell S. Levine 
 

      Mitchell S. Levine, its Managing Member 

 

  ENABLE GROWTH PARTNERS, L.P. 
 
By: Enable Capital Management, LLC, its General Partner 
 

By:  /s/ Mitchell S. Levine 
  Mitchell S. Levine, its Managing Member 
 
  MITCHELL S. LEVINE 
 
  /s/ Mitchell S. Levine 
  Mitchell S. Levine 

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