-----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, FX0d8sfObeoReBh/Gh3t1tw/XvMsTysQVB/0fxrB3gTaIN6pZ9uhy4nw10yb/2Vp GurhkUwJnFWQVpc/l+t3Ag== 0000950136-01-501808.txt : 20020410 0000950136-01-501808.hdr.sgml : 20020410 ACCESSION NUMBER: 0000950136-01-501808 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011101 FILED AS OF DATE: 20011113 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LANGER INC CENTRAL INDEX KEY: 0000725460 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 112239561 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-12991 FILM NUMBER: 1784627 BUSINESS ADDRESS: STREET 1: 450 COMMACK ROAD CITY: DEER PARK STATE: NY ZIP: 11729 BUSINESS PHONE: 6136671200 MAIL ADDRESS: STREET 1: 450 COMMACK ROAD CITY: DEER PARK STATE: NY ZIP: 11729 COMPANY DATA: COMPANY CONFORMED NAME: FEINBERG LARRY N CENTRAL INDEX KEY: 0000926475 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER STATE OF INCORPORATION: NY FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: C/O ORACLE PARTNERS L P STREET 2: 712 FIFTH AVENUE 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125741286 MAIL ADDRESS: STREET 1: C/O ORACLE PARTNERS L P STREET 2: 712 FIFTH AVE 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 3 1 file001.txt FORM 3 -------------------------------------- FORM 3 OMB APPROVAL -------------------------------------- OMB Number: 3235-0104 Expires: October 31, 2001 Estimated average burden hours per response 0.5 -------------------------------------- U.S. 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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 - ------------------------------------------------------------------------------- 1. Name and Address of Reporting Person Feinberg Larry N. and Oracle Investment Management, Inc. - ----------------------------------------------------------- (Last) (First) (Middle) 200 Greenwich Avenue - ----------------------------------------------------------- (Street) Greenwich CT 06830 - ----------------------------------------------------------- (City) (State) (Zip) - ------------------------------------------------------------------------------- 2. Date of Event Requiring Statement (Month/Day/year) November 1, 2001 - ------------------------------------------------------------------------------- 3. IRS or Social Security Number of Reporting Person (Voluntary) -- - ------------------------------------------------------------------------------- 4. Issuer Name and Ticker of Trading Symbol Langer, Inc. (GAIT) - ------------------------------------------------------------------------------- 5. Relationship of Reporting Person to Issuer (check all applicable) [ ] Director [x] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) -------------------------------------------------- -------------------------------------------------- - ------------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year) - ------------------------------------------------------------------------------- 7. 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 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Ownership (Instruction 4) Beneficially Owned Form: Direct (Instr. 5) (Instr. 4) (D) or Indirect (I) (Instr. 5) - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------
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 person, See Instruction 5(b)(v). (Over) SEC 1473 (7/96) FORM 3 (CONTINUED)
TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ---------------------------------------------------------------------------------------------------------------------------------- 1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Security (Instr. 4) cisable and Underlying Derivative Security sion or ship Indirect Expiration (Instr. 4) Exercise Form of Beneficial Date ----------------------------------- Price of Deriv- Ownership (Month/Day/Year) Deriv- ative (Instr. 5) --------------------- Amount ative Security: or Security Direct Date Expira- Title Number (D) or Exer- tion of Indirect cisable Date Shares (I) (Instr. 5) - ---------------------------------------------------------------------------------------------------------------------------------- 4% Convertible common stock par value Subordinated Notes (1) 8/31/06 $.02 per share 666,666 $6.00 (I) (2) - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Explanation of Responses: (1) Presently exercisable (2) The convertible notes to which this report relates are held directly by Oracle Partners, L.P. ($2,000,000 in principal amount convertible into 333,333 shares), Oracle Institutional Partners, L.P. ($500,000 in principal amount convertible into 83,333 shares) and SAM Oracle Investments, Ltd. ($1,500,000 in principal amount convertible into 250,000 shares). Oracle Investment Management, Inc. is the investment manager of each of the aforementioned entities. Mr. Feinberg is the sole shareholder and president of Oracle Investment Management, Inc. and the senior managing member of the general partner of Oracle Partners, L.P. and Oracle Institutional Partners, L.P. In accordance with Instruction 5(b)(iv), the entire interest of Oracle Partners, Oracle Institutional and Oracle Investment Management, Inc. is reported herein. This filing shall not be deemed an admission that either of the reporting persons is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any securities covered by this statement. /s/ Larry N. Feinberg November 12, 2001 (individually and on behalf of ----------------- Oracle Investment Management, Inc.) Date ---------------------------------- **Signature of Reporting Person * 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). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this Form are not required to respond unless the form displays a currently valid OMB Number. Page 2 -----END PRIVACY-ENHANCED MESSAGE-----