-----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, BIxm7V421ValS3HmpAJuHi8iN6dPNHsxf8UgvbrEq3b/Om0ZICve9/HaXxvFzCTi AeSB68gNpQBPN0V8US6fvw== 0001144204-09-009440.txt : 20090217 0001144204-09-009440.hdr.sgml : 20090216 20090217213105 ACCESSION NUMBER: 0001144204-09-009440 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090212 FILED AS OF DATE: 20090217 DATE AS OF CHANGE: 20090217 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PRESSURE BIOSCIENCES INC CENTRAL INDEX KEY: 0000830656 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 042652826 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 321 MANLEY STREET CITY: WEST BRIDGEWATER STATE: MA ZIP: 02379 BUSINESS PHONE: 5085801818 MAIL ADDRESS: STREET 1: 321 MANLEY STREET CITY: WEST BRIDGEWATER STATE: MA ZIP: 02379 FORMER COMPANY: FORMER CONFORMED NAME: BOSTON BIOMEDICA INC DATE OF NAME CHANGE: 19960812 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PAYNE J DONALD CENTRAL INDEX KEY: 0001275292 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21615 FILM NUMBER: 09617109 BUSINESS ADDRESS: STREET 1: 6015 OAK CREEK LANE CITY: SPRING STATE: TX ZIP: 77379 BUSINESS PHONE: 000 000 0000 MAIL ADDRESS: STREET 1: 2319 LAKE VILLAGE DR CITY: KINGWOOD STATE: TX ZIP: 77339 4 1 v140601_ex.xml X0303 4 2009-02-12 0 0000830656 PRESSURE BIOSCIENCES INC PBIO 0001275292 PAYNE J DONALD 2319 LAKE VILLAGE DRIVE KINGWOOD TX 77339 1 0 0 0 Series A Convertible Preferred Stock 1.15 2009-02-12 4 P 0 1305 A 2009-02-12 Common Stock, par value $.01 per share 13050 1305 D 15-Month Preferred Stock Purchase Warrant 12.50 2009-02-12 4 P 0 1305 A 2009-02-12 2010-05-12 Common Stock, par value $.01 per share 13050 1305 D 30-Month Common Stock Purchase Warrant 2.00 2009-02-12 4 P 0 13050 A 2009-02-12 2011-08-12 Common Stock, par value $.01 per share 13050 13050 D The terms of the Series A Convertible Preferred Stock contain a limitation on conversion which prevents the Reporting Person from converting shares of Series A Convertible Preferred Stock into shares of Common Stock if, after giving effect to the conversion, the Reporting Person would beneficially own more than 4.99% of the outstanding shares of Common Stock. The Reporting Person may elect to increase this limitation to 9.99%, 14.99% or 19.99%, upon not less than 61 days prior written notice to the Company. The Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest in such securities. The Series A Convertible Preferred Stock has no expiration date. Pursuant to a certain Securities Purchase Agreement, dated February 12, 2009, among the Company, the Reporting Person and the other purchasers named therein, the Reporting Person purchased 1,305 "Units" at a purchase price of $11.50 per Unit. Each Unit consisted of (i) one share of Series A Convertible Preferred Stock, (ii) a warrant to purchase 10 shares of Common Stock, which warrant is exercisable until August 12, 2011 and (iii) a warrant to purchase, at the Reporting Person's election, either one share of Series A Convertible Preferred Stock or 10 shares of Common Stock, which warant is exercisable until May 12, 2010. The 30-Month Common Warrants contain a limitation on exercise which prevents the Reporting Person from exercising any Warrants if, after giving effect to the exercise, the Reporting Person would beneficially own more than 4.99% of the outstanding shares of Common Stock. The Reporting Person may elect to increase this limitation to 9.99%, 14.99% or 19.99%, upon not less than 61 days prior written notice to the Company. The Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest in such securities. /s/ Richard T. Schumacher, Attorney-in-fact for J. Donald Payne 2009-02-17 -----END PRIVACY-ENHANCED MESSAGE-----