SEC Form 4

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* KIMBERLIN KEVIN (Last) (First) (Middle) 535 MADISON AVENUE 18TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol MINRAD INTERNATIONAL, INC. [ BUF ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 06/22/2005
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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	11/22/2006		C		125,000	A	$0	3,672,827	I	See footnote(1)
Common Stock	11/29/2006		S		50,000	D	$5.03	3,622,827	I	See footnote(2)
Common Stock	11/30/2006		S		75,000	D	$5.05	3,547,827	I	See footnote(3)
Common Stock	06/25/2007		X		62,500	A	$0	3,610,327	I	See footnote(4)
Common Stock	04/22/2008		S		10,000	D	$2.33	3,600,327	I	See footnote(5)
Common Stock	04/22/2008		S		5,000	D	$2.33	3,595,327	I	See footnote(6)
Common Stock	04/22/2008		S		5,000	D	$2.33	3,590,327	I	See footnote(7)
Common Stock	04/23/2008		S		2,900	D	$2.3	3,587,427	I	See footnote(8)
Common Stock	04/24/2008		S		10,000	D	$2.3	3,577,427	I	See footnote(9)
Common Stock	04/24/2008		S		5,000	D	$2.3	3,572,427	I	See footnote(10)
Common Stock	04/24/2008		S		5,000	D	$2.3	3,567,427	I	See footnote(11)
Common Stock	04/24/2008		S		3,301	D	$2,403	3,564,126	I	See footnote(12)
Common Stock	04/25/2008		S		4,000	D	$2.3	3,560,126	I	See footnote(13)
Common Stock	04/25/2008		S		1,000	D	$2.3	3,559,126	I	See footnote(14)
Common Stock	04/25/2008		S		5,000	D	$2.3	3,554,126	I	See footnote(15)
Common Stock	04/25/2008		S		5,000	D	$2.307	3,549,126	I	See footnote(16)
Common Stock	04/28/2008		S		8,800	D	$2.369	3,540,326	I	See footnote(17)
Common Stock	04/28/2008		S		10,000	D	$2.3	3,530,326	I	See footnote(18)
Common Stock	04/28/2008		S		5,000	D	$2.3	3,525,326	I	See footnote(19)
Common Stock	04/28/2008		S		5,000	D	$2.323	3,520,326	I	See footnote(20)
Common Stock	04/29/2008		S		1,000	D	$2.35	3,519,326	I	See footnote(21)
Common Stock	04/29/2008		S		4,400	D	$2.353	3,514,926	I	See footnote(22)
Common Stock	05/01/2008		S		10,000	D	$2.302	3,504,926	I	See footnote(23)
Common Stock	05/01/2008		S		10,000	D	$2.271	3,494,926	I	See footnote(24)
Common Stock	05/01/2008		S		5,000	D	$2.331	3,489,926	I	See footnote(25)
Common Stock	05/01/2008		S		5,000	D	$2.304	3,484,926	I	See footnote(26)
Common Stock	05/01/2008		S		5,000	D	$2.35	3,479,926	I	See footnote(27)
Common Stock	05/01/2008		S		5,000	D	$2.274	3,474,926	I	See footnote(28)
Common Stock	05/02/2008		S		2,600	D	$2.428	3,472,326	I	See footnote(29)
Common Stock	05/02/2008		S		550	D	$2.408	3,471,776	I	See footnote(30)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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. Of this total: 125,000 shares of common stock of the Issuer ("Common Stock") are held by Spencer Trask Illumination Fund LLC ("STI"); 3,004,200 shares Common Stock are held by Spencer Trask Enterprise Portfolio LLC ("STEP"); 282,757 shares of Common Stock are held by Kevin Kimberlin Partners, L.P. ("KKP"); 182,609 shares of Common Stock are held by Spencer Trask Private Equity Fund I LP ("Fund I"); and 78,261 shares of Common Stock are held by Spencer Trask Private Equity Fund II LP ("Fund II"). The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

2. Of this total: 75,000 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 182,609 shares of Common Stock are held Fund I; and 78,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

3. Of this total: 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 182,609 shares of Common Stock are held by Fund I; and 78,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

4. Of this total: 62,500 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 182,609 shares of Common Stock are held by Fund I; and 78,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

5. Of this total: 62,500 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 172,609 shares of Common Stock are held by Fund I; and 78,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

6. Of this total: 62,500 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 172,609 shares of Common Stock are held by Fund I; and 73,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

7. Of this total: 57,500 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 172,609 shares of Common Stock are held by Fund I; and 73,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

8. Of this total: 54,600 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 172,609 shares of Common Stock are held by Fund I; and 73,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

9. Of this total: 54,600 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 162,609 shares of Common Stock are held by Fund I; and 73,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

10. Of this total: 54,600 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 162,609 shares of Common Stock are held by Fund I; and 68,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

11. Of this total: 49,600 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 162,609 shares of Common Stock are held by Fund I; and 68,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

12. Of this total: 46,299 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 162,609 shares of Common Stock are held by Fund I; and 68,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

13. Of this total: 46,299 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 158,609 shares of Common Stock are held by Fund I; and 68,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

14. Of this total: 46,299 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 157,609 shares of Common Stock are held by Fund I; and 68,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

15. Of this total: 46,299 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 157,609 shares of Common Stock are held by Fund I; and 63,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

16. Of this total: 41,299 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 157,609 shares of Common Stock are held by Fund I; and 63,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

17. Of this total: 41,299 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 148,809 shares of Common Stock are held by Fund I; and 63,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

18. Of this total: 41,299 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 138,809 shares of Common Stock are held by Fund I; and 63,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

19. Of this total: 41,299 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 138,809 shares of Common Stock are held by Fund I; and 58,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

20. Of this total: 36,549 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 138,809 shares of Common Stock are held by Fund I; and 58,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

21. Of this total: 35,599 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 138,509 shares of Common Stock are held by Fund I; and 58,261 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

22. Of this total: 35,599 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 138,509 shares of Common Stock are held by Fund I; and 53,861 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

23. Of this total: 35,599 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 128,509 shares of Common Stock are held by Fund I; and 53,861 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

24. Of this total: 35,599 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 118,509 shares of Common Stock are held by Fund I; and 53,861 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

25. Of this total: 35,599 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 118,509 shares of Common Stock are held by Fund I; and 48,861 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

26. Of this total: 35,599 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 118,509 shares of Common Stock are held by Fund I; and 43,861 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

27. Of this total: 30,599 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 118,509 shares of Common Stock are held by Fund I; and 43,861 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

28. Of this total: 25,599 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 118,509 shares of Common Stock are held by Fund I; and 43,861 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

29. Of this total: 23,249 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 118,509 shares of Common Stock are held by Fund I; and 43,861 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

30. Of this total: 22,999 shares of Common Stock are held by STI; 3,004,200 shares of Common Stock are held by STEP; 282,757 shares of Common Stock are held by KKP; 117,959 shares of Common Stock are held by Fund I; and 43,861 shares of Common Stock are held by Fund II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

	/s/ Kevin B. Kimberlin	06/11/2008
	** Signature of Reporting Person	Date
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