SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

BANK OF AMERICA VENTURES

(Last)

(First)

(Middle)

950 TOWER LANE

SUITE 700

(Street)

FOSTER CITY

94404

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/07/2003

3. Issuer Name and Ticker or Trading Symbol
ACUSPHERE INC [ ACUS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series C-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	231,959	⁽³⁾	D
Series D-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	60,126	⁽⁴⁾	D
Series E-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	26,794	⁽⁵⁾	D
Series F-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	1,953	⁽⁶⁾	D
Series I-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	55,922	⁽⁷⁾	D
Series J-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	287,235	⁽⁸⁾	D
Series J-3 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	325,368	⁽⁹⁾	D
10% Secured Convertible Promissory Note	10/07/2003	06/30/2004⁽²⁾	Series J Convertible Preferred Stock/Common Stock	324,130	⁽¹⁰⁾	D
Warrant to Purchase Series J Convertible Preferred Stock	10/07/2003	04/11/2008	Series J Convertible Preferred Stock/Common Stock	61,811	⁽¹¹⁾	D
Series C-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	25,773	⁽³⁾	I	See exhibit 99.2 for Explanation of Responses.⁽¹²⁾
Series D-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	6,681	⁽⁴⁾	I	See exhibit 99.2 for Explanation of Responses.⁽¹²⁾
Series E-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	2,977	⁽⁵⁾	I	See exhibit 99.2 for Explanation of Responses.⁽¹²⁾
Series F-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	217	⁽⁶⁾	I	See exhibit 99.2 for Explanation of Responses.⁽¹²⁾
Series I-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	6,213	⁽⁷⁾	I	See exhibit 99.2 for Explanation of Responses.⁽¹²⁾
Series J-2 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	31,915	⁽⁸⁾	I	See exhibit 99.2 for Explanation of Responses.⁽¹²⁾
Series J-3 Convertible Preferred Stock	10/07/2003	⁽¹⁾	Common Stock	36,152	⁽⁹⁾	I	See exhibit 99.2 for Explanation of Responses.⁽¹²⁾
10% Secured Convertible Promissory Note	10/07/2003	06/30/2004⁽²⁾	Series J Convertible Preferred Stock/Common Stock	36,014	⁽¹⁰⁾	I	See exhibit 99.2 for Explanation of Responses.⁽¹²⁾
Warrant to Purchase Series J Convertible Preferred Stock	10/07/2003	04/11/2008	Series J Convertible Preferred Stock/Common Stock	6,867	⁽¹¹⁾	I	See exhibit 99.2 for Explanation of Responses.⁽¹²⁾

1. Name and Address of Reporting Person^*

BANK OF AMERICA VENTURES

(Last)

(First)

(Middle)

950 TOWER LANE

SUITE 700

(Street)

FOSTER CITY

94404

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

BANK OF AMERICA CORP /DE/

(Last)

(First)

(Middle)

BANK OF AMERICA CORPORATE CENTER

100 N TRYON ST

(Street)

CHARLOTTE

28255

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

BANK OF AMERICA NA

(Last)

(First)

(Middle)

101 S TRYON ST

(Street)

CHARLOTTE

28255

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. See exhibit 99.2 for Explanation of Responses.

2. See exhibit 99.2 for Explanation of Responses.

3. See exhibit 99.2 for Explanation of Responses.

4. See exhibit 99.2 for Explanation of Responses.

5. See exhibit 99.2 for Explanation of Responses.

6. See exhibit 99.2 for Explanation of Responses.

7. See exhibit 99.2 for Explanation of Responses.

8. See exhibit 99.2 for Explanation of Responses.

9. See exhibit 99.2 for Explanation of Responses.

10. See exhibit 99.2 for Explanation of Responses.

11. See exhibit 99.2 for Explanation of Responses.

12. See exhibit 99.2 for Explanation of Responses.

	Kate Mitchell, President and Managing Director, Bank of America Ventures	10/07/2003
	Pamela Reed, Assistant Vice President, Bank of America Corporation	10/07/2003
	Pamela Reed, Assistant Vice President, Bank of America, N.A.	10/07/2003
	Rachel Cummings, Senior Vice President, NB Holdings Corporation	10/07/2003
	** 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 5 (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).
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