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LAURUS MASTER FUND LTD 4

Accession 0001144204-12-023264

CIK 0000704384other
View on SEC.govCompany Profile

Filed

Apr 22, 8:00 PM ET

Accepted

Apr 23, 7:35 PM ET

Size

29.0 KB

Accession

0001144204-12-023264

Insider Transaction Report

Form 4
Period: 2012-04-19
BIOVEST INTERNATIONAL INCBVTI
Valens U.S. SPV I, LLC
10% OwnerOther
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−16,124$7,417→ 4,583,803 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−12,338$5,305→ 7,282,877 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−3,165$1,361→ 1,867,764 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−6,581$3,027→ 1,870,929 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−25,662$11,805→ 7,295,215 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−1,746$751→ 1,031,089 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−7,751$3,333→ 4,576,052 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−3,633$1,671→ 1,032,835 total(indirect: By LLC)
Valens Offshore SPV I, Ltd.
10% OwnerOther
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−3,633$1,671→ 1,032,835 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−12,338$5,305→ 7,282,877 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−16,124$7,417→ 4,583,803 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−3,165$1,361→ 1,867,764 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−7,751$3,333→ 4,576,052 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−6,581$3,027→ 1,870,929 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−25,662$11,805→ 7,295,215 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−1,746$751→ 1,031,089 total(indirect: By LLC)
LAURUS MASTER FUND LTD
10% OwnerOther
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−6,581$3,027→ 1,870,929 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−25,662$11,805→ 7,295,215 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−3,165$1,361→ 1,867,764 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−1,746$751→ 1,031,089 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−7,751$3,333→ 4,576,052 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−3,633$1,671→ 1,032,835 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−16,124$7,417→ 4,583,803 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−12,338$5,305→ 7,282,877 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
Valens Capital Management, LLC
10% OwnerOther
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−6,581$3,027→ 1,870,929 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−16,124$7,417→ 4,583,803 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−3,165$1,361→ 1,867,764 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−1,746$751→ 1,031,089 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−7,751$3,333→ 4,576,052 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−25,662$11,805→ 7,295,215 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−12,338$5,305→ 7,282,877 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−3,633$1,671→ 1,032,835 total(indirect: By LLC)
LAURUS CAPITAL MANAGEMENT LLC
10% OwnerOther
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−12,338$5,305→ 7,282,877 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−6,581$3,027→ 1,870,929 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−3,633$1,671→ 1,032,835 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−7,751$3,333→ 4,576,052 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−25,662$11,805→ 7,295,215 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−1,746$751→ 1,031,089 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−16,124$7,417→ 4,583,803 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−3,165$1,361→ 1,867,764 total(indirect: BY LAURUS MASTER FUND LTD.)
PSource Structured Debt Ltd
Other
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−16,124$7,417→ 4,583,803 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−3,165$1,361→ 1,867,764 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−12,338$5,305→ 7,282,877 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−6,581$3,027→ 1,870,929 total(indirect: BY LAURUS MASTER FUND LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−1,746$751→ 1,031,089 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-20$0.43/sh−7,751$3,333→ 4,576,052 total(indirect: BY PSOURCE STRUCTURED DEBT LTD.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−3,633$1,671→ 1,032,835 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-04-19$0.46/sh−25,662$11,805→ 7,295,215 total(indirect: BY VALENS OFFSHORE SPV I, LTD.)
Footnotes (3)
  • [F1]Laurus Master Fund, Ltd. (In Liquidation), a Cayman Islands company (the "Fund") is in liquidation under the supervision of the Grand Court of the Cayman Islands. The Joint Official Liquidators ("JOLs") are Chris Johnson and Russell Smith of Johnson Smith Associates, Ltd. The JOLs have discretion over the management of the Fund and the disposition of its assets, including the securities owned by the Fund reported in this statement. Laurus Capital Management, LLC ("LCM") provides day-to-day investment management services to the Fund and its two feeder funds concerning their respective assets, including the securities owned by the Fund reported in this statement, subject to certain oversight and preapproval rights of the JOLs and LCM's obligations to the Fund under the Seventh Amended and Restated Investment Management Agreement dated as of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; (Continued in footnote 2)
  • [F2]all of the foregoing are subject to specific directions otherwise given by the JOLs at their discretion. PSource Structured Debt Limited, a Guernsey company ("PSource") is managed by LCM, subject to certain preapproval rights of the board of directors of PSource. Valens Capital Management, LLC ("VCM") serves as investment manager to Valens U.S. SPV I, LLC, a Delaware limited liability company ("Valens U.S.") and Valens Offshore SPV I, Ltd., a Cayman Islands company ("Valens Offshore"). The JOLs share voting and investment power over the securities owned by the Fund. Each of the JOLs, LCM and VCM disclaims beneficial ownership of the securities reported herein except to the extent of such person's pecuniary interest, if any. (Continued in footnote 3).
  • [F3]The filing of this statement shall not be deemed an admission that any person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any equity securities covered by or described in this statement.

Documents

1 file

Issuer

BIOVEST INTERNATIONAL INC

CIK 0000704384

→
Entity typeother
IncorporatedCayman Islands

Related Parties

1
  • filerCIK 0001189294

Filing Metadata

Form type
4
Filed
Apr 22, 8:00 PM ET
Accepted
Apr 23, 7:35 PM ET
Size
29.0 KB
View on SEC.gov