biodel_sch13g.htm

SC 13G 1 biodel_sch13g.htm biodel_sch13g.htm

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SCHEDULE 13G

Under the Securities Exchange Act of 1934

Biodel Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

09064M105

(CUSIP Number)

October 12, 2010

(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 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 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

1	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) BAM Opportunity Fund, 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, U.S.A.
Number of Shares Beneficially Owned by Each Reporting Person With		5 Sole Voting Power 0
		6 Shared Voting Power 1,392,100 Refer to Item 4 below.
		7 Sole Dispositive Power 0
		8 Shared Dispositive Power 1,392,100 Refer to Item 4 below.
9	Aggregate Amount Beneficially Owned by Each Reporting Person 1,392,100
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
11	Percent of Class Represented by Amount in Row (9) 5.27%
12	Type of Reporting Person (See Instructions) PN

1	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) BAM Capital, 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, U.S.A.
Number of Shares Beneficially Owned by Each Reporting Person With		5 Sole Voting Power 0
		6 Shared Voting Power 1,392,100 Refer to Item 4 below.
		7 Sole Dispositive Power 0
		8 Shared Dispositive Power 1,392,100 Refer to Item 4 below.
9	Aggregate Amount Beneficially Owned by Each Reporting Person 1,392,100
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
11	Percent of Class Represented by Amount in Row (9) 5.27%
12	Type of Reporting Person (See Instructions) OO

1	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) BAM 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, U.S.A.
Number of Shares Beneficially Owned by Each Reporting Person With		5 Sole Voting Power 0
		6 Shared Voting Power 1,392,100 Refer to Item 4 below.
		7 Sole Dispositive Power 0
		8 Shared Dispositive Power 1,392,100 Refer to Item 4 below.
9	Aggregate Amount Beneficially Owned by Each Reporting Person 1,392,100
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
11	Percent of Class Represented by Amount in Row (9) 5.27%
12	Type of Reporting Person (See Instructions) OO

1	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Ross Berman
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 of America
Number of Shares Beneficially Owned by Each Reporting Person With		5 Sole Voting Power 0
		6 Shared Voting Power 1,392,100 Refer to Item 4 below.
		7 Sole Dispositive Power 0
		8 Shared Dispositive Power 1,392,100 Refer to Item 4 below.
9	Aggregate Amount Beneficially Owned by Each Reporting Person 1,392,100
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
11	Percent of Class Represented by Amount in Row (9) 5.27%
12	Type of Reporting Person (See Instructions) IN

1	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Hal Mintz
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 of America
Number of Shares Beneficially Owned by Each Reporting Person With		5 Sole Voting Power 0
		6 Shared Voting Power 1,392,100 Refer to Item 4 below.
		7 Sole Dispositive Power 0
		8 Shared Dispositive Power 1,392,100 Refer to Item 4 below.
9	Aggregate Amount Beneficially Owned by Each Reporting Person 1,392,100
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ]
11	Percent of Class Represented by Amount in Row (9) 5.27%
12	Type of Reporting Person (See Instructions) IN

Item 1.

(a)	Name of Issuer
	Biodel Inc.
(b)	Address of Issuer’s Principal Executive Offices
	100 Saw Mill Road, Danbury, Connecticut 06810

Item 2.

(a)	Name of Person Filing
	(i) BAM Opportunity Fund, L.P. (the “Partnership”), a Delaware limited partnership, with respect to shares of Common Stock and options thereon (as defined in Item 2(d) below) directly owned by it. (ii) BAM Capital, LLC (the “General Partner”), which serves as the general partner of the Partnership. (iii) BAM Management, LLC (the “Investment Manager”), which serves as the investment manager to the Partnership. (iv) Mr. Hal Mintz who serves as a managing member of both the General Partner and the Investment Manager. (v) Mr. Ross Berman who serves as a managing member of both the General Partner and the Investment Manager.
(b)	Address of Principal Business Office or, if none, Residence
	BAM Opportunity Fund, L.P., c/o BAM Capital, LLC BAM Capital, LLC BAM Management, LLC 1 Liberty Plaza, 27th Floor New York, NY 10006 Ross Berman Hal Mintz c/o BAM Capital, LLC 1 Liberty Plaza, 27th Floor New York, NY 10006
(c)	Citizenship
	BAM Opportunity Fund, L.P. - Delaware, U.S.A. BAM Capital, LLC - Delaware, U.S.A. BAM Management, LLC – Delaware, U.S.A. Ross Berman - U.S.A. Hal Mintz - U.S.A.
(d)	Title of Class of Securities
	Common Stock, $0.01 par value (the “Common Stock”)
(e)	CUSIP Number
	09064M105

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;
(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);
(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)	[ ]	A non-U.S. institution in accordance with §240.13d-1(b)(l)(ii)(J);
(k)	[ ]	Group, in accordance with §240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(l)(ii)(J), please specify the type of institution.

Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

On October 12, 2010, the Partnership acquired ownership of 230,000 shares of Common Stock and options to acquire 1,162,100 shares of Common Stock.

The percentages herein are calculated based upon 26,392,171 shares of Common Stock issued and outstanding, as reported on the Issuer’s prospectus supplement filed with the SEC on August 26, 2010.

A. BAM Opportunity Fund, L.P.

(a) Amount beneficially owned: 1,392,100

(b) Percent of class: 5.27%

(i) Sole power to vote or direct the vote: -

(ii) Shared power to vote or direct the vote: 1,392,100

(iii) Sole power to dispose or direct the disposition:-

(iv) Shared power to dispose or direct the disposition: 1,392,100

B. BAM Capital, LLC

(a) Amount beneficially owned: 1,392,100

(b) Percent of class: 5.27%

(i) Sole power to vote or direct the vote: -

(ii) Shared power to vote or direct the vote: 1,392,100

(iii) Sole power to dispose or direct the disposition:-

(iv) Shared power to dispose or direct the disposition: 1,392,100

C. BAM Management, LLC

(a) Amount beneficially owned: 1,392,100

(b) Percent of class: 5.27%

(i) Sole power to vote or direct the vote: -

(ii) Shared power to vote or direct the vote: 1,392,100

(iii) Sole power to dispose or direct the disposition:-

(iv) Shared power to dispose or direct the disposition: 1,392,100

D. Hal Mintz

(a) Amount beneficially owned: 1,392,100

(b) Percent of class: 5.27%

(i) Sole power to vote or direct the vote: -

(ii) Shared power to vote or direct the vote: 1,392,100

(iii) Sole power to dispose or direct the disposition:-

(iv) Shared power to dispose or direct the disposition: 1,392,100

E. Ross Berman

(a) Amount beneficially owned: 1,392,100

(b) Percent of class: 5.27%

(i) Sole power to vote or direct the vote: -

(ii) Shared power to vote or direct the vote: 1,392,100

(iii) Sole power to dispose or direct the disposition:-

(iv) Shared power to dispose or direct the disposition: 1,392,100

This statement relates to Common Stock and options thereon held by the Partnership over which the General Partner and the Investment Manager have discretionary trading authority. The managing members of the General Partner and the Investment Manager are Ross Berman and Hal Mintz, who share investment management duties. The Partnership, the General Partner, the Investment Manager, Mr. Mintz and Mr. Berman are hereinafter sometimes collectively referred to as the "Reporting Persons."

Each of the Reporting Persons disclaims beneficial ownership of all shares of Common Stock reported hereby, except to the extent of such Reporting Person’s pecuniary interest therein.

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

[ ].

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

The Partnership is a private investment partnership, the sole general partner of which is the General Partner. As the sole general partner of the Partnership, the General Partner has the power to vote and dispose of the Common Stock owned by the Partnership and, accordingly, may be deemed the "beneficial owner" of such Common Stock. As the investment manager of the Partnership, the Investment Manager has the power to vote and dispose of the Common Stock owned by the Partnership and, accordingly, may be deemed the "beneficial owner" of such Common Stock. The managing members of the General Partner and the Investment Manager are Hal Mintz and Ross Berman.

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

Each of the Reporting Persons hereby makes the following certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

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.

October 12, 2010

	BAM Opportunity Fund, L.P. By: BAM Capital, LLC its General Partner By: /s/ Hal Mintz Name: Hal Mintz Title: Managing Member
	BAM Capital, LLC By: /s/ Hal Mintz Name: Hal Mintz Title: Managing Member
	BAM Management, LLC By: /s/ Hal Mintz Name: Hal Mintz Title: Managing Member
	/s/ Ross Berman Ross Berman
	/s/ Hal Mintz Hal Mintz