Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
Cleveland BioLabs, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
185860-10-3
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(CUSIP Number)
December 31, 2006
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|x| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP NO. 185860-10-3
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
The Cleveland Clinic Foundation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY 1,341,000
OWNED BY --------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON WITH: --------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,341,000
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,341,000
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.3%
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12 TYPE OF REPORTING PERSON
CO
Item 1(a). Name of Issuer:
Cleveland BioLabs, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
11000 Cedar Ave.
Suite 290
Cleveland, Ohio 44106
Item 2(a). Name of Person Filing:
The Cleveland Clinic Foundation
Item 2(b). Address of Principal Business Office or, if None, Residence:
9500 Euclid Ave.
Cleveland, Ohio 44195
Item 2(c). Citizenship:
Ohio
Item 2(d). Title of Class of Securities:
Common Stock, $0.005 par value per share
Item 2(e). CUSIP Number:
185860-10-3
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
Not applicable
Item 4. Ownership
(a) Amount beneficially owned:
1,341,000 shares
The power to dispose of and vote these shares is controlled by corporate
governance procedures pursuant to the Code of Regulations adopted by The
Cleveland Clinic Foundation. Pursuant to these Regulations, the power to dispose
of these shares is vested with the Board of Trustees and the power to vote these
shares is vested in the (i) Chairman of the Board of Trustees, currently A.
Malachi Mixon, II, (ii) President of the Board of Trustees, currently Delos M.
Cosgrove, M.D., (iii) Vice President of the Board of Trustees, currently Stephen
R. Hardis, and (iv) Vice Chairman of the Board of Trustees, which office is
currently vacant. Any vote so exercised by these officers is deemed to have been
exercised by and on behalf of The Cleveland Clinic Foundation.
(b) Percent of class:
11.3%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,341,000 shares
(ii) shared power to vote or to direct the vote:
0 shares
(iii) sole power to dispose or to direct the disposition of:
1,341,000 shares
(iv) shared power to dispose or to direct the disposition of:
0 shares
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following |_|.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company
Not applicable
Item 8. Identification and Classification of Members of the Group
Not applicable
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certification
Not applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February 14, 2007 THE CLEVELAND CLINIC FOUNDATION
/s/ Steven C. Glass
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Name: Steven C, Glass
Title: CFO