SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* KIMBERLIN KEVIN (Last) (First) (Middle) 535 MADISON AVENUE 18TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Vyteris Holdings (Nevada), Inc. [ VYHN ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 06/27/2005
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	$4(1)	05/27/2005		J(1)		3,155		05/27/2005	05/27/2010	Common Stock	3,155	(1)	3,155	I	See Notes(2)(3)
Warrants	$4(1)	05/27/2005		J(1)		946		05/27/2005	05/27/2010	Common Stock	946	(1)	946	I	See Notes(2)(4)
Warrants	$4(1)	05/27/2005		J(1)		473		05/27/2005	05/27/2010	Common Stock	473	(1)	473	I	See Notes(2)(5)
Warrants	$4(1)	05/27/2005		J(1)		631		05/27/2005	05/27/2010	Common Stock	631	(1)	631	I	See Notes(2)(6)
Warrants	$4(1)	05/27/2005		J(1)		1,104		05/27/2005	05/27/2010	Common Stock	1,104	(1)	1,104	I	See Notes(2)(7)

Explanation of Responses:

1. The warrants were acquired pursuant to the terms of a working capital credit facility (the "Credit Facility") in partial consideration for the extension of credit on May 27, 2005 to the Issuer under the Credit Facility. While the Reporting Person is reporting this transaction for purposes of Section 16(a) of Securities Exchange Act of 1934 (the "Act"), the Reporting Person believes that this transaction is not subject to Section 16(b) of the Act. Under the terms of the Credit Facility, additional warrants will be issued and the exercise price of all the warrants will be adjusted to $3.58 per share if the outstanding balance under the Credit Facility is not repaid in full on or before July 26, 2005.

2. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

3. Holdings of Spencer Trask Specialty Group, LLC, a Delaware limited liability company ("STSG"), of which the Reporting Person is the principal owner and non-member manager.

4. Holdings of Spencer Trask Private Equity Fund I LP, a Delaware limited partnership ("Fund I"). Spencer Trask & Co., a Delaware corporation of which the Reporting Person is the sole stockholder and chairman ("ST&Co."), is the sole member of the general partner of Fund I.

5. Holdings of Spencer Trask Private Equity Fund II LP, a Delaware limited partnership ("Fund II"). ST&Co. is the sole member of the general partner of Fund II.

6. Holdings of Spencer Trask Private Equity Accredited Fund III LLC, a New York limited liability company ("Fund III"). ST&Co. is the sole member of the manager of Fund III.

7. Holdings of Spencer Trask Illumination Fund LLC, a New York limited liability company ("Illumination"). ST&Co. is the sole stockholder of the manager of Illumination.

	/s/ Kevin B. Kimberlin	06/29/2005
	** Signature of Reporting Person	Date
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 reporting person, see Instruction 4 (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).
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