0001209191-13-018424.txt : 20130326 0001209191-13-018424.hdr.sgml : 20130326 20130326161825 ACCESSION NUMBER: 0001209191-13-018424 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130322 FILED AS OF DATE: 20130326 DATE AS OF CHANGE: 20130326 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Spragens Jeffrey G CENTRAL INDEX KEY: 0001410620 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19437 FILM NUMBER: 13717089 MAIL ADDRESS: STREET 1: 4400 BISCAYNE BOULEVARD STREET 2: SUITE 1500 CITY: MIAMI STATE: FL ZIP: 33137 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SafeStitch Medical, 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: 4400 BISCAYNE BLVD. STREET 2: SUITE A-100 CITY: MIAMI STATE: FL ZIP: 33137 BUSINESS PHONE: 305-575-4600 MAIL ADDRESS: STREET 1: 4400 BISCAYNE BLVD. STREET 2: SUITE A-100 CITY: MIAMI STATE: FL ZIP: 33137 FORMER COMPANY: FORMER CONFORMED NAME: CELLULAR TECHNICAL SERVICES CO INC DATE OF NAME CHANGE: 19930328 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2013-03-22 0 0000876378 SafeStitch Medical, Inc. SFES.OB 0001410620 Spragens Jeffrey G 4400 BISCAYNE BLVD MIAMI FL 33137 1 1 1 0 President and CEO Common Stock 2013-03-22 4 P 0 400000 0.25 A 2545285 D Common Stock 562818 I Held by Joy Fowler Spragens Family Trust Common Stock 571015 I Held by RSLS Investments LLC Warrants 0.33 2013-03-22 4 P 0 200000 0.00 D 2013-03-22 2018-03-22 Common Stock 200000 0 D On March 22, 2013, the issuer sold and issued to Jeffrey Spragens, in a privately negotiated transaction pursuant to a stock purchase agreement, an aggregate of 400,000 shares of the issuer's common stock at a purchase price of $0.25 per share and warrants to purchase an additional 200,000 shares of the issuer's common stock with a warrant exercise price of $0.33 per share. The Joy Fowler Spragens Trust is an irrevocable trust established by Mr. Spragens' spouse for the benefit of her descendants and relatives who are unrelated to Mr. Spragens. Mr. Spragens disclaims any beneficial ownership of these shares. RSLS Investments LLC is 100% owned by Mr. Spragens' adult children. Although Mr. Spragens is the manager of RSLS Investments LLC, he disclaims any beneficial ownership of these shares. /s/ Jeffrey G. Spragens 2013-03-26