-----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, Jy6tpdSvnsDA5HoNIwE0O9x9txreFTUv4mohQSsC2IbQqe18ZR8rIstxgdNKUeMz RiQ35XjrwE6fqpNPHsc8uQ== 0001209191-07-052365.txt : 20070906 0001209191-07-052365.hdr.sgml : 20070906 20070906165447 ACCESSION NUMBER: 0001209191-07-052365 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: Rubin Steven D CENTRAL INDEX KEY: 0001381874 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19437 FILM NUMBER: 071103193 BUSINESS ADDRESS: BUSINESS PHONE: 305-575-6000 MAIL ADDRESS: STREET 1: 4400 BISCAYNE BOULEVARD, 15TH FLOOR CITY: MIAMI STATE: FL ZIP: 33137 3 1 bmi09372_bmi1sr.xml MAIN DOCUMENT DESCRIPTION X0202 3 2007-09-04 0 0000876378 CELLULAR TECHNICAL SERVICES CO INC CTSC.OB 0001381874 Rubin Steven D 4400 BISCAYNE BOULEVARD MIAMI FL 33137 1 0 0 0 Common Stock 240128 D Warrant to purchase Common Stock 0.00 2007-09-04 2017-09-04 Common Stock 785383 I The Frost Group, LLC 225,128 shares were received in exchange for the Reporting Person's 2% 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. The Reporting Person is a member of The Frost Group, LLC and disclaims beneficial ownership of the securities held by The Frost Group, LLC, except to the extent of his pecuniary interest therein. /s/ Steven D. Rubin 2007-09-06 -----END PRIVACY-ENHANCED MESSAGE-----