-----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, NsqVmIgaT09DoFtmRwZv9PX/6CGBYBOqNnaqMdjcGv4SBEM8pL7ZLZeAZTgRz7Km m6SssaAJXSvlp1DdYiNayQ== 0001209191-07-052363.txt : 20070906 0001209191-07-052363.hdr.sgml : 20070906 20070906165343 ACCESSION NUMBER: 0001209191-07-052363 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070904 FILED AS OF DATE: 20070906 DATE AS OF CHANGE: 20070906 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CELLULAR TECHNICAL SERVICES CO INC CENTRAL INDEX KEY: 0000876378 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 112962080 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 20 EAST SUNRISE HIGHWAY STREET 2: SUITE 200 CITY: VALLEY STREAM STATE: NY ZIP: 11581 BUSINESS PHONE: 516-568-0100 MAIL ADDRESS: STREET 1: 20 EAST SUNRISE HIGHWAY STREET 2: SUITE 200 CITY: VALLEY STREAM STATE: NY ZIP: 11581 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Spragens Jeffrey G CENTRAL INDEX KEY: 0001410620 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19437 FILM NUMBER: 071103181 BUSINESS ADDRESS: BUSINESS PHONE: 305 575 6000 MAIL ADDRESS: STREET 1: 4400 BISCAYNE BOULEVARD STREET 2: SUITE 1500 CITY: MIAMI STATE: FL ZIP: 33137 3 1 bmi09372_bmijs.xml MAIN DOCUMENT DESCRIPTION X0202 3 2007-09-04 0 0000876378 CELLULAR TECHNICAL SERVICES CO INC CTSC.OB 0001410620 Spragens Jeffrey G 4400 BISCAYNE BOULEVARD SUITE 1500 MIAMI FL 33137 1 1 1 0 President and CEO Common Stock 1688456 D Warrants to acquire common stock 0.00 2007-09-04 2017-09-04 Common Stock 20138 D Received in exchange for the Reporting Person's 15% ownership interest in SafeStitch LLC in connection with the Issuer's acquisition of 100% of the equity interests in SafeStitch LLC. The exercise price of the warrants is a per share dollar amount equal to the quotient of the stockholders' equity of CTSC, as of close of business on September 4, 2007, plus $1,250,000 divided by the total number of fully-diluted shares of CTSC after the purchase of SafeStitch LLC. /s/ Jeffrey Spragens 2007-09-06 -----END PRIVACY-ENHANCED MESSAGE-----