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"
- Peter Lynch
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
AVANT IMMUNOTHERAPEUTICS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.001 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
053491106
- --------------------------------------------------------------------------------
(CUSIP Number)
March 7, 2008
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] 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. 053491106
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
Thomas S. Paluck
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Citizenship or Place of Organization: United States
- --------------------------------------------------------------------------------
Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 0*
--------------------------------------
(6) Shared Voting Power: 83,332*
--------------------------------------
(7) Sole Dispositive Power: 604,364*
--------------------------------------
(8) Shared Dispositive Power: 83,332*
--------------------------------------
- --------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
687,696*
- --------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): [ ]
- --------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9): 4.6%*
- --------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions): IN
- --------------------------------------------------------------------------------
* Based on information set forth on the Form 10-K of AVANT Immunotherapeutics,
Inc. (the "Company") as filed with the Securities and Exchange Commission on
March 18, 2008, there were 14,927,002 shares of common stock, par value $0.001
per share (the "Shares"), of the Company issued and outstanding as of November
5, 2007. As of March 7, 2008 (the "Reporting Date"), Thomas S. Paluck and
Dorothy Paluck held 64,166 and 19,166 Shares, respectively. In addition, as of
the Reporting Date, TSP Capital Management Group, LLC ("TSP") managed one or
more private investment accounts on behalf of various clients (the "Managed
Accounts"), which owned in the aggregate 604,364 Shares. Mr. Paluck is the sole
principal of TSP. Mr. and Mrs. Paluck possess shared power to vote and to direct
the disposition of those Shares held in each other's name. In addition, Mr.
Paluck possesses sole power to direct the disposition of the securities held by
the Managed Accounts. Thus, as of the Reporting Date, for the purposes of Reg.
Section 240.13d-3, (i) Mr. Paluck may be deemed to beneficially own 687,696
Shares or 4.6% of the Shares issued and outstanding as of the Reporting Date,
and (ii) Mrs. Paluck may be deemed to beneficially own 83,332 Shares or 0.6% of
the Shares issued and outstanding as of the Reporting Date. Each of the
reporting persons hereby expressly disclaims membership in a "group" under
Section 13(d) of the Act and the rules and regulations thereunder with respect
to the Shares reported herein, and this Schedule 13G/A shall not be deemed to be
an admission that any such reporting person is a member of such a group.
CUSIP No. 053491106
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only):
Dorothy Paluck
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Citizenship or Place of Organization: United States
- --------------------------------------------------------------------------------
Number of Shares Beneficially Owned
by Each Reporting Person (5) Sole Voting Power: 0*
--------------------------------------
(6) Shared Voting Power: 83,332*
--------------------------------------
(7) Sole Dispositive Power: 0*
--------------------------------------
(8) Shared Dispositive Power: 83,332*
--------------------------------------
- --------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person:
83,332*
- --------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions): [ ]
- --------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9): 0.6%*
- --------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions): IN
- --------------------------------------------------------------------------------
* Based on information set forth on the Form 10-K of AVANT Immunotherapeutics,
Inc. (the "Company") as filed with the Securities and Exchange Commission on
March 18, 2008, there were 14,927,002 shares of common stock, par value $0.001
per share (the "Shares"), of the Company issued and outstanding as of November
5, 2007. As of March 7, 2008 (the "Reporting Date"), Thomas S. Paluck and
Dorothy Paluck held 64,166 and 19,166 Shares, respectively. In addition, as of
the Reporting Date, TSP Capital Management Group, LLC ("TSP") managed one or
more private investment accounts on behalf of various clients (the "Managed
Accounts"), which owned in the aggregate 604,364 Shares. Mr. Paluck is the sole
principal of TSP. Mr. and Mrs. Paluck possess shared power to vote and to direct
the disposition of those Shares held in each other's name. In addition, Mr.
Paluck possesses sole power to direct the disposition of the securities held by
the Managed Accounts. Thus, as of the Reporting Date, for the purposes of Reg.
Section 240.13d-3, (i) Mr. Paluck may be deemed to beneficially own 687,696
Shares or 4.6% of the Shares issued and outstanding as of the Reporting Date,
and (ii) Mrs. Paluck may be deemed to beneficially own 83,332 Shares or 0.6% of
the Shares issued and outstanding as of the Reporting Date. Each of the
reporting persons hereby expressly disclaims membership in a "group" under
Section 13(d) of the Act and the rules and regulations thereunder with respect
to the Shares reported herein, and this Schedule 13G/A shall not be deemed to be
an admission that any such reporting person is a member of such a group.
Item 1(a). Name Of Issuer: AVANT Immunotherapeutics, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
119 Fourth Avenue
Needham, MA 02494
Item 2(a). Name of Person Filing:
Thomas S. Paluck
Dorothy Paluck
Item 2(b). Address of Principal Business Office or, if None, Residence:
TSP Capital Management Group, LLC
382 Springfield Avenue, Suite 500
Summit, NJ 07901
Item 2(c). Citizenship
Thomas S. Paluck: United States
Dorothy Paluck: United States
Item 2(d). Title of Class of Securities: Common Stock, par value $0.001 per
share
Item 2(e). CUSIP No.: 053491106
Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the Person Filing is a:
Not Applicable.
Item 4. Ownership:
(a) Amount Beneficially Owned
Thomas S. Paluck: 687,696*
Dorothy Paluck: 83,332*
(b) Percent of Class
Thomas S. Paluck: 4.6%*
Dorothy Paluck: 0.6%*
_________________________
* Based on information set forth on the Form 10-K of AVANT Immunotherapeutics,
Inc. (the "Company") as filed with the Securities and Exchange Commission on
March 18, 2008, there were 14,927,002 shares of common stock, par value $0.001
per share (the "Shares"), of the Company issued and outstanding as of November
5, 2007. As of March 7, 2008 (the "Reporting Date"), Thomas S. Paluck and
Dorothy Paluck held 64,166 and 19,166 Shares, respectively. In addition, as of
the Reporting Date, TSP Capital Management Group, LLC ("TSP") managed one or
more private investment accounts on behalf of various clients (the "Managed
Accounts"), which owned in the aggregate 604,364 Shares. Mr. Paluck is the sole
principal of TSP. Mr. and Mrs. Paluck possess shared power to vote and to direct
the disposition of those Shares held in each other's name. In addition, Mr.
Paluck possesses sole power to direct the disposition of the securities held by
the Managed Accounts. Thus, as of the Reporting Date, for the purposes of Reg.
Section 240.13d-3, (i) Mr. Paluck may be deemed to beneficially own 687,696
Shares or 4.6% of the Shares issued and outstanding as of the Reporting Date,
and (ii) Mrs. Paluck may be deemed to beneficially own 83,332 Shares or 0.6% of
the Shares issued and outstanding as of the Reporting Date. Each of the
reporting persons hereby expressly disclaims membership in a "group" under
Section 13(d) of the Act and the rules and regulations thereunder with respect
to the Shares reported herein, and this Schedule 13G/A shall not be deemed to be
an admission that any such reporting person is a member of such a group.
(c) Number of Shares as to which the person has:
(i) sole power to vote or to direct the vote
Thomas S. Paluck: 0*
Dorothy Paluck: 0*
(ii) shared power to vote or to direct the vote
Thomas S. Paluck: 83,332*
Dorothy Paluck: 83,332*
(iii) sole power to dispose or to direct the disposition of
Thomas S. Paluck: 604,364*
Dorothy Paluck: 0*
(iv) shared power to dispose or to direct the disposition of
Thomas S. Paluck: 83,332*
Dorothy Paluck: 83,332*
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
[X].
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 Securities: 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
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
_________________________
* Based on information set forth on the Form 10-K of AVANT Immunotherapeutics,
Inc. (the "Company") as filed with the Securities and Exchange Commission on
March 18, 2008, there were 14,927,002 shares of common stock, par value $0.001
per share (the "Shares"), of the Company issued and outstanding as of November
5, 2007. As of March 7, 2008 (the "Reporting Date"), Thomas S. Paluck and
Dorothy Paluck held 64,166 and 19,166 Shares, respectively. In addition, as of
the Reporting Date, TSP Capital Management Group, LLC ("TSP") managed one or
more private investment accounts on behalf of various clients (the "Managed
Accounts"), which owned in the aggregate 604,364 Shares. Mr. Paluck is the sole
principal of TSP. Mr. and Mrs. Paluck possess shared power to vote and to direct
the disposition of those Shares held in each other's name. In addition, Mr.
Paluck possesses sole power to direct the disposition of the securities held by
the Managed Accounts. Thus, as of the Reporting Date, for the purposes of Reg.
Section 240.13d-3, (i) Mr. Paluck may be deemed to beneficially own 687,696
Shares or 4.6% of the Shares issued and outstanding as of the Reporting Date,
and (ii) Mrs. Paluck may be deemed to beneficially own 83,332 Shares or 0.6% of
the Shares issued and outstanding as of the Reporting Date. Each of the
reporting persons hereby expressly disclaims membership in a "group" under
Section 13(d) of the Act and the rules and regulations thereunder with respect
to the Shares reported herein, and this Schedule 13G/A shall not be deemed to be
an admission that any such reporting person is a member of such a group.
SIGNATURE
After reasonable inquiry and to the best of my kn
owledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
April 1, 2008
/s/ Thomas S. Paluck
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Thomas S. Paluck
/s/ Dorothy Paluck
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Dorothy Paluck
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13G-1(k) promulgated under the Securities Exchange Act
of 1934, as amended, the persons named below agree to the joint filing on behalf
of each of them a Statement on Schedule 13G (including amendments thereto) with
regard to the common stock of AVANT Immunotherapeutics, Inc. and further agree
that this Joint Filing Agreement be included as an Exhibit to such joint
filings. In evidence thereof, the undersigned, being duly authorized, hereby
execute this Joint Filing Agreement as of April 1, 2008.
/s/ Thomas S. Paluck
----------------------------------
Thomas S. Paluck
/s/ Dorothy Paluck
----------------------------------
Dorothy Paluck