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LAURUS MASTER FUND LTD 4

Accession 0001144204-12-027297

CIK 0000704384other
View on SEC.govCompany Profile

Filed

May 8, 8:00 PM ET

Accepted

May 9, 8:04 PM ET

Size

30.0 KB

Accession

0001144204-12-027297

Insider Transaction Report

Form 4
Period: 2012-05-07
BIOVEST INTERNATIONAL INCBVTI
Valens U.S. SPV I, LLC
10% OwnerOther
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−11,906$4,762→ 4,474,860 total(indirect: By PSource Structured Debt Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−9,510$3,709→ 1,816,949 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−5,251$2,048→ 1,003,037 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−37,085$14,463→ 7,084,734 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−4,860$1,944→ 1,826,459 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−2,683$1,073→ 1,008,288 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−18,951$7,580→ 7,121,819 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−23,301$9,087→ 4,451,559 total(indirect: By PSource Structured Debt Ltd.)
Valens Offshore SPV I, Ltd.
10% OwnerOther
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−2,683$1,073→ 1,008,288 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−18,951$7,580→ 7,121,819 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−11,906$4,762→ 4,474,860 total(indirect: By PSource Structured Debt Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−9,510$3,709→ 1,816,949 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−4,860$1,944→ 1,826,459 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−5,251$2,048→ 1,003,037 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−37,085$14,463→ 7,084,734 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−23,301$9,087→ 4,451,559 total(indirect: By PSource Structured Debt Ltd.)
LAURUS CAPITAL MANAGEMENT LLC
10% OwnerOther
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−4,860$1,944→ 1,826,459 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−23,301$9,087→ 4,451,559 total(indirect: By PSource Structured Debt Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−18,951$7,580→ 7,121,819 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−5,251$2,048→ 1,003,037 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−37,085$14,463→ 7,084,734 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−2,683$1,073→ 1,008,288 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−9,510$3,709→ 1,816,949 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−11,906$4,762→ 4,474,860 total(indirect: By PSource Structured Debt Ltd.)
Valens Capital Management, LLC
10% OwnerOther
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−11,906$4,762→ 4,474,860 total(indirect: By PSource Structured Debt Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−18,951$7,580→ 7,121,819 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−23,301$9,087→ 4,451,559 total(indirect: By PSource Structured Debt Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−9,510$3,709→ 1,816,949 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−5,251$2,048→ 1,003,037 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−2,683$1,073→ 1,008,288 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−37,085$14,463→ 7,084,734 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−4,860$1,944→ 1,826,459 total(indirect: By Laurus Master Fund, Ltd.)
LAURUS MASTER FUND LTD
10% OwnerOther
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−4,860$1,944→ 1,826,459 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−2,683$1,073→ 1,008,288 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−11,906$4,762→ 4,474,860 total(indirect: By PSource Structured Debt Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−9,510$3,709→ 1,816,949 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−37,085$14,463→ 7,084,734 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−5,251$2,048→ 1,003,037 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−23,301$9,087→ 4,451,559 total(indirect: By PSource Structured Debt Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−18,951$7,580→ 7,121,819 total(indirect: By Valens Offshore SPV I, Ltd.)
PSource Structured Debt Ltd
Other
Transactions
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−9,510$3,709→ 1,816,949 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−23,301$9,087→ 4,451,559 total(indirect: By PSource Structured Debt Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−4,860$1,944→ 1,826,459 total(indirect: By Laurus Master Fund, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−18,951$7,580→ 7,121,819 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−37,085$14,463→ 7,084,734 total(indirect: By Valens Offshore SPV I, Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−2,683$1,073→ 1,008,288 total(indirect: By LLC)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-07$0.40/sh−11,906$4,762→ 4,474,860 total(indirect: By PSource Structured Debt Ltd.)
  • Sale

    Common Stock, par value $0.01 per share

    2012-05-08$0.39/sh−5,251$2,048→ 1,003,037 total(indirect: By LLC)
Footnotes (7)
  • [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 (Continued in footnote 2)
  • [F2]Restated Investment Management Agreement dated as of April 26, 2007, as amended, restated, modified and/or supplemented from time to time; 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 and Valens Offshore SPV I, Ltd., a Cayman Islands company. 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.
  • [F4]Shares owned directly by Laurus Master Fund, Ltd.
  • [F5]Shares owned directly by Valens U.S. SPV I, LLC
  • [F6]Shares owned directly by Valens Offshore SPV I, Ltd.
  • [F7]Shares owned directly by PSource Structured Debt Ltd.

Documents

1 file

Issuer

BIOVEST INTERNATIONAL INC

CIK 0000704384

→
Entity typeother
IncorporatedCayman Islands

Related Parties

1
  • filerCIK 0001189294

Filing Metadata

Form type
4
Filed
May 8, 8:00 PM ET
Accepted
May 9, 8:04 PM ET
Size
30.0 KB
View on SEC.gov