FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
V I TECHNOLOGIES INC [ VITX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/05/2005 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common stock | 08/05/2005 | J | 23,041(1) | A | $0 | 25,795 | D | |||
Common stock | 08/05/2005 | S | 4,872 | D | $7.9096(3) | 20,923 | D | |||
Common stock | 08/08/2005 | S | 9,744 | D | $7.5766(3) | 11,179 | D | |||
Common stock | 08/09/2005 | S | 7,308 | D | $7.2598(3) | 3,871 | D | |||
Common stock | 08/05/2005 | J | 920,148 | D | $0 | 4,367,506 | I(2) | See footnote 2 | ||
Common stock | 08/05/2005 | J | 211,272 | D | $0 | 0 | I(4) | See footnote 4 | ||
Common stock | 08/05/2005 | S | 20,204 | D | $7.9096(3) | 86,528 | I(5) | See footnote 5 | ||
Common stock | 08/08/2005 | S | 40,408 | D | $7.5766(3) | 46,120 | I(5) | See footnote 5 | ||
Common stock | 08/09/2005 | S | 30,306 | D | $7.2598(3) | 15,814 | I(5) | See footnote 5 |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. On August 5, 2005, A.M. Pappas Life Science Ventures I, L.P. (the "Fund") distributed 920,148 shares of V.I. Technologies, Inc. to its partners for no consideration. The reporting person received 2,258 shares. Also on August 5, 2005, AMP & A Management, LLC ("Management") distributed 211,727 shares of V.I.Technologies, Inc. The reporting person received 20,783 shares. Because the reporting person has been attributed with beneficial ownership of these shares of the issuer's stock, these transactions constitute a mere change in the form of beneficial ownership. |
2. 4,367,506 shares are directly held by A.M. Pappas Life Science Ventures I, L.P. (the "Fund"), which has a general partner, AMP&A Management, LLC ("Management"), which is managed by A.M. Pappas & Associates, LLC ("AMP&A"). AMP&A may be deemed a beneficial owner of these securities. The reporting person is a member of AMP&A and, as a result, may also be deemed a beneficial owner of these securities. This amount reflects the addition of 45 shares to correct an error in the total shares owned reported on Form 4 dated June 28, 2005. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that this person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
3. This per share price represents the weighted average sales price per share that the reporting person received on all trades on this day. |
4. AMP&A Management, LLC distributed all of its shares of V.I. Technologies, Inc. for no consideration. |
5. The reporting person is a member of A.M. Pappas & Associates, LLC ("A.M.Pappas") and as a result, may also be deemed a beneficial owner of these securities. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that this person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
/s/ Eric E. Linsley | 08/09/2005 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |