-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WsZiGCHftA2gVyfazxrM3O2MGg19Reo4DyORNR1usQJx5lURiyU5YoTbxD0M+trH N7AqcQqeexqk1T2a406q5g== 0001144204-08-009581.txt : 20080214 0001144204-08-009581.hdr.sgml : 20080214 20080214164156 ACCESSION NUMBER: 0001144204-08-009581 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080214 GROUP MEMBERS: G. STACY SMITH GROUP MEMBERS: PATRICK P. WALKER GROUP MEMBERS: REID S. WALKER GROUP MEMBERS: WS CAPITAL MANAGEMENT, L.P. GROUP MEMBERS: WS CAPITAL, L.L.C. GROUP MEMBERS: WS VENTURES MANAGEMENT, L.P. GROUP MEMBERS: WSV MANAGEMENT, L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ENDOCARE INC CENTRAL INDEX KEY: 0001003464 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 330618093 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50293 FILM NUMBER: 08617824 BUSINESS ADDRESS: STREET 1: 201 TECHNOLOGY DRIVE CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 8004184677 MAIL ADDRESS: STREET 1: 201 TECHNOLOGY DRIVE CITY: IRVINE STATE: CA ZIP: 92618 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Becker Steven R CENTRAL INDEX KEY: 0001349005 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: BUSINESS PHONE: 214-756-6073 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 SC 13G/A 1 v103230_sc13g.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

SCHEDULE 13G

Under the Securities Exchange Act of 1934
 
(Amendment No. 2)*
 
ENDOCARE, INC.
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
29264P104
(CUSIP Number)
 
December 31, 2007
(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:
 
 
o Rule 13d-1(b)
 
x Rule 13d-1(c)
 
o 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. 29264P104 
 
   
1
NAME OF REPORTING PERSON: Steven R. Becker
 
I.R.S. Identification Nos. of above persons (entities only):
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)o
   
(b)x
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
 
     
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
 
 
 
 
5
  
 
6
 
 
7
 
 
8
 
 
 
 
 
 
 
SOLE VOTING POWER: 132,968*
 

SHARED VOTING POWER: 0*
 

SOLE DISPOSITIVE POWER: 132,968*
 

SHARED DISPOSITIVE POWER: 0*
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
132,968*
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.1%*
 
12
TYPE OF REPORTING PERSON
IN
 
 
* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group. THIS SCHEDULE 13G STATES THAT EACH OF THE REPORTING PERSONS BENEFICIALLY OWNS LESS THAN 5% OF THE TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING AS OF THE REPORTING DATE.
 

 
   
 
CUSIP No. 29264P104 
 
   
1
NAME OF REPORTING PERSON: WS Capital, L.L.C.
 
I.R.S. Identification Nos. of above persons (entities only):
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)o
   
(b)x
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
 
     
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
 
 
 
 
5
  
 
6
 
 
7
 
 
8
 
 
 
 
 
 
 
SOLE VOTING POWER: 0*
 

SHARED VOTING POWER281,444*
 

SOLE DISPOSITIVE POWER: 0*-
 

SHARED DISPOSITIVE POWER: 281,444*
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
281,444*
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.4%*
 
12
TYPE OF REPORTING PERSON
HC/OO
 
 
* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group. THIS SCHEDULE 13G STATES THAT EACH OF THE REPORTING PERSONS BENEFICIALLY OWNS LESS THAN 5% OF THE TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING AS OF THE REPORTING DATE.
 

 
   
 
CUSIP No. 29264P104 
 
   
1
NAME OF REPORTING PERSON: WS Capital Management, L.P.
 
I.R.S. Identification Nos. of above persons (entities only):
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)o
   
(b)x
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
 
     
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
 
 
 
 
5
  
 
6
 
 
7
 
 
8
 
 
 
 
 
 
 
SOLE VOTING POWER: 0*
 

SHARED VOTING POWER281,444*
 

SOLE DISPOSITIVE POWER: 0*
 

SHARED DISPOSITIVE POWER: 281,444*
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
281,444*
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.4%*
 
12
TYPE OF REPORTING PERSON
IA/PN
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group. THIS SCHEDULE 13G STATES THAT EACH OF THE REPORTING PERSONS BENEFICIALLY OWNS LESS THAN 5% OF THE TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING AS OF THE REPORTING DATE.
 

 
   
 
CUSIP No. 29264P104 
 
   
1
NAME OF REPORTING PERSON: WSV Management, L.L.C.
 
I.R.S. Identification Nos. of above persons (entities only):
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)o
   
(b)x
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
 
     
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
 
 
 
 
5
  
 
6
 
 
7
 
 
8
 
 
 
 
 
 
 
SOLE VOTING POWER: 0*
 

SHARED VOTING POWER73,152*
 

SOLE DISPOSITIVE POWER: 0*
 

SHARED DISPOSITIVE POWER: 73,152*
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
73,152*
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.6%*
 
12
TYPE OF REPORTING PERSON
HC/OO
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group. THIS SCHEDULE 13G STATES THAT EACH OF THE REPORTING PERSONS BENEFICIALLY OWNS LESS THAN 5% OF THE TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING AS OF THE REPORTING DATE.
 

 
   
 
CUSIP No. 29264P104 
 
   
1
NAME OF REPORTING PERSON: WS Ventures Management, L.P.
 
I.R.S. Identification Nos. of above persons (entities only):
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)o
   
(b)x
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
 
     
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
 
 
 
 
5
  
 
6
 
 
7
 
 
8
 
 
 
 
 
 
 
SOLE VOTING POWER: 0*
 

SHARED VOTING POWER73,152*
 

SOLE DISPOSITIVE POWER: 0*
 

SHARED DISPOSITIVE POWER: 73,152*
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
73,152*
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.6%*
 
12
TYPE OF REPORTING PERSON
IA/PN
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group. THIS SCHEDULE 13G STATES THAT EACH OF THE REPORTING PERSONS BENEFICIALLY OWNS LESS THAN 5% OF THE TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING AS OF THE REPORTING DATE.
 

 
   
 
CUSIP No. 29264P104 
 
   
1
NAME OF REPORTING PERSON: Reid S. Walker
 
I.R.S. Identification Nos. of above persons (entities only):
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)o
   
(b)x
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
 
     
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
 
 
 
 
5
  
 
6
 
 
7
 
 
8
 
 
 
 
 
 
 
SOLE VOTING POWER: 0*
 

SHARED VOTING POWER354,596*
 

SOLE DISPOSITIVE POWER: 0*
 

SHARED DISPOSITIVE POWER: 354,596*
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
354,596*
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.0%*
 
12
TYPE OF REPORTING PERSON
IN
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group. THIS SCHEDULE 13G STATES THAT EACH OF THE REPORTING PERSONS BENEFICIALLY OWNS LESS THAN 5% OF THE TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING AS OF THE REPORTING DATE.
 

 
   
 
CUSIP No. 29264P104 
 
   
1
NAME OF REPORTING PERSON: G. Stacy Smith
 
I.R.S. Identification Nos. of above persons (entities only):
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)o
   
(b)x
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
 
     
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
 
 
 
 
5
  
 
6
 
 
7
 
 
8
 
 
 
 
 
 
 
SOLE VOTING POWER: 0*
 

SHARED VOTING POWER354,596*
 

SOLE DISPOSITIVE POWER: 0*
 

SHARED DISPOSITIVE POWER: 354,596*
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
354,596*
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.0%*
 
12
TYPE OF REPORTING PERSON
IN
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group. THIS SCHEDULE 13G STATES THAT EACH OF THE REPORTING PERSONS BENEFICIALLY OWNS LESS THAN 5% OF THE TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING AS OF THE REPORTING DATE.
 

 
   
 
CUSIP No. 29264P104 
 
   
1
NAME OF REPORTING PERSON: Patrick P. Walker
 
I.R.S. Identification Nos. of above persons (entities only):
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)o
   
(b)x
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
 
     
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
 
 
 
 
5
  
 
6
 
 
7
 
 
8
 
 
 
 
 
 
 
SOLE VOTING POWER: 0*
 

SHARED VOTING POWER73,152*
 

SOLE DISPOSITIVE POWER: 0*
 

SHARED DISPOSITIVE POWER: 73,152*
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
73,152*
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.6%*
 
12
TYPE OF REPORTING PERSON
IN
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group. THIS SCHEDULE 13G STATES THAT EACH OF THE REPORTING PERSONS BENEFICIALLY OWNS LESS THAN 5% OF THE TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING AS OF THE REPORTING DATE.
 


THIS SCHEDULE 13G STATES THAT EACH OF THE REPORTING PERSONS BENEFICIALLY OWNS LESS THAN 5% OF THE TOTAL NUMBER OF SHARES ISSUED AND OUTSTANDING AS OF THE REPORTING DATE.
 
Item 1(a).
Name of Issuer: Endocare, Inc.
   
Item 1(b).
Address of Issuer's Principal Executive Offices:
 
201 Technology Drive
 
Irvine, CA 92618
   
Item 2(a).
Name of Person Filing:
 
Steven R. Becker
 
WS Capital, L.L.C.
 
WS Capital Management, L.P.
 
WSV Management, L.L.C.
 
WS Ventures Management, L.P.
 
Reid S. Walker
 
G. Stacy Smith
 
Patrick P. Walker
   
Item 2(b).
Address of Principal Business Office or if none, Residence:
 
300 Crescent Court, Suite 1111
 
Dallas, Texas 75201

Item 2(c).
Citizenship:
 
 
Steven R. Becker:
United States
 
WS Capital, L.L.C.:
Texas
 
WS Capital Management, L.P:
Texas
 
WSV Management, L.L.C.:
Texas
 
WS Ventures Management, L.P:
Texas
 
Reid S. Walker:
United States
 
G. Stacy Smith:
United States
 
Patrick P. Walker:
United States
 
Item 2(d).
Title of Class of Securities: Common stock, par value $0.001 per share
   
Item 2(e).
CUSIP Number: 29264P104
   
Item 3.
Not Applicable.


 
Item 4.
Ownership:
 
     
(a)
Amount Beneficially Owned:
 
 
Steven R. Becker:
132,968*
 
WS Capital, L.L.C.:
281,444*
 
WS Capital Management, L.P.:
281,444*
 
WSV Management, L.L.C.:
73,152*
 
WS Ventures Management, L.P.:
73,152*
 
Reid S. Walker:
354,596*
 
G. Stacy Smith:
354,596*
 
Patrick P. Walker:
73,152*
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group.


 
(b)
Percent of Class:
 
Steven R. Becker:
1.1%*
 
WS Capital, L.L.C.:
2.4%*
 
WS Capital Management, L.P:
2.4%*
 
WSV Management, L.L.C.:
0.6%*
 
WS Ventures Management, L.P:
0.6%*
 
Reid S. Walker:
3.0%*
 
G. Stacy Smith:
3.0%*
 
Patrick P. Walker:
0.6%*
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G 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 such person has:
 
 
(i)
sole power to vote or to direct the vote:
   
Steven R. Becker:
132,968*
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group.
 

 
 
(ii)
shared power to vote or to direct the vote:
   
WS Capital, L.L.C.:
281,444*
   
WS Capital Management, L.P.:
281,444*
   
WSV Management, L.L.C.:
73,152*
   
WS Ventures Management, L.P.:
73,152*
   
Reid S. Walker:
354,596*
   
G. Stacy Smith:
354,596*
   
Patrick P. Walker:
73,152*
 
 
(iii)
sole power to dispose or to direct the disposition of:
   
Steven R. Becker:
132,968*
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group.

 
 
(iv)
shared power to dispose or to direct the disposition of:
   
WS Capital, L.L.C.:
281,444*
   
WS Capital Management, L.P.:
281,444*
   
WSV Management, L.L.C.:
73,152*
   
WS Ventures Management, L.P.:
73,152*
   
Reid S. Walker:
354,596*
   
G. Stacy Smith:
354,596*
   
Patrick P. Walker:
73,152*
 
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.
 

* Based on information set forth on the Form 10-Q of Endocare, Inc. (the “Company”), as filed with the Securities and Exchange Commission (the “SEC”) on November 6, 2007, there were 11,594,895 shares of the Company’s common stock, par value $0.001 per share (the “Shares”), issued and outstanding as of September 30, 2007. As of December 31, 2007 (the “Reporting Date”), SRB Greenway Capital, L.P. (“SRBGC”) owned (i) Series A Warrants to purchase 7,538 Shares, and (ii) Series B Warrants to purchase 7,598 Shares, SRB Greenway Capital (Q.P.), L.P. (“SRBQP”) owned (i) Series A Warrants to purchase 53,716 Shares, and (ii) Series B Warrants to purchase 54,147 Shares, and SRB Greenway Offshore Operating Fund, L.P. (“SRB Offshore” and collectively with SRBGC and SRBQP, the "Greenway Funds") owned (i) Series A Warrants to purchase 4,964 Shares, and (ii) Series B Warrants to purchase 5,005 Shares. SRB Management, L.P. (“SRB Management”) is the general partner of SRBGC and SRBQP and the general partner and investment manager of SRB Offshore. BC Advisors, LLC (“BCA”) is the general partner of SRB Management. Steven R. Becker is the sole principal of BCA. As a result, Mr. Becker possesses sole power to vote and to direct the disposition of the securities held by the Greenway Funds. In addition, as of the Reporting Date, Walker Smith Capital, L.P. (“WSC”) owned (i) Series A Warrants to purchase 10,783 Shares, and (ii) Series B Warrants to purchase 10,870 Shares, Walker Smith Capital (Q.P.), L.P. (“WSCQP”) owned (i) Series A Warrants to purchase 50,971 Shares, and (ii) Series B Warrants to purchase 51,379 Shares, and Walker Smith International Fund, Ltd. (“WS International” and collectively with WSC and WSCQP, the "WS Funds") owned (i) Series A Warrants to purchase 78,406 Shares, and (ii) Series B Warrants to purchase 79,035 Shares. WS Capital Management, L.P. (“WSC Management”) is the general partner of WSC and WSCQP, the agent and attorney-in-fact for WS International. WS Capital, L.L.C. (“WS Capital”) is the general partner of WSC Management. Reid S. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSC Management, WS Capital, and Messrs. Reid S. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WS Funds. In addition, as of the Reporting Date, Walker Smith Opportunity Fund, L.P. (“WSO”) owned (i) Series A Warrants to purchase 10,378 Shares, and (ii) Series B Warrants to purchase 10,461 Shares, Walker Smith Opportunity Fund (Q.P.), L.P. (“WSOQP”) owned (i) Series A Warrants to purchase 11,163 Shares, and (ii) Series B Warrants to purchase 11,252 Shares, and Walker Smith Opportunity Fund International, Ltd. (“WSO International” and collectively with WSO and WSOQP, the "WSO Funds") owned (i) Series A Warrants to purchase 14,889 Shares, and (ii) Series B Warrants to purchase 15,009 Shares. WS Ventures Management, L.P. (“WSVM”) is the general partner of WSO and WSOQP, the agent and attorney-in-fact for WSO International. WSV Management, L.L.C. (“WSV”) is the general partner of WSVM. Reid S. Walker, Patrick P. Walker and G. Stacy Smith are principals of WS Capital. As a result, WSVM, WSV Capital, and Messrs. Reid S. Walker, Patrick P. Walker and G. Stacy Smith possess shared power to vote and to direct the disposition of the securities held by the WSO Funds. Thus, as of the Reporting Date, for the purposes of Reg. Section 240.13d-3, (i) Steven R. Becker is deemed to beneficially own 132,968 Shares, or approximately 1.1% of the Shares deemed issued and outstanding as of the Reporting Date, (ii) WSC Management and WS Capital are deemed to beneficially own 281,444 Shares, or approximately 2.4% of the Shares Deemed issued and outstanding as of the Reporting Date, (iii) Messrs. Reid S. Walker and G. Stacy Smith are deemed to beneficially own 354,596 Shares, or approximately 3.0% of the Shares deemed issued and outstanding as of the Reporting Date, and (iv) WSV, WSVM and Mr. Patrick P. Walker are deemed to beneficially own 73,152 Shares, or approximately 0.6% of the Shares deemed 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 Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder with respect to the Shares reported herein, and this Schedule 13G shall not be deemed to be an admission that any such reporting person is a member of such a group.


 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person:
 
Not Applicable.
   
Item 7.
Identification and Classification of 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.


 
SIGNATURE
 
 
February 12, 2008
 
/s/ Steven R. Becker
STEVEN R. BECKER
 
/s/ Reid S. Walker
REID S. WALKER
 
/s/ G. Stacy Smith
G. STACY SMITH
 
/s/ Patrick P. Walker
PATRICK P. WALKER
 
WS CAPITAL, L.L.C.
   
By:
/s/ Reid S. Walker
 
Reid S. Walker, Member
   
WS CAPITAL MANAGEMENT, L.P.
 
By:
WS Capital, L.L.C., its general partner
   
By:
/s/ Reid S. Walker
 
Reid S. Walker, Member
   
WSV MANAGEMENT, L.L.C.
   
By:
/s/ Reid S. Walker
 
Reid S. Walker, Member
   
WS VENTURES MANAGEMENT, L.P.
   
By:
WSV Management, L.L.C., its general partner
   
By:
/s/ Reid S. Walker
 
Reid S. Walker, Member

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)


EX-1 2 v103230_ex1.htm
EXHIBIT 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-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 Endocare, 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 February 12, 2008.

/s/ Steven R. Becker
STEVEN R. BECKER
 
/s/ Reid S. Walker
REID S. WALKER
 
/s/ G. Stacy Smith
G. STACY SMITH
    
/s/ Patrick P. Walker    
PATRICK P. WALKER
    
WS CAPITAL, L.L.C.
   
By:
/s/ Reid S. Walker
 
Reid S. Walker, Member
   
WS CAPITAL MANAGEMENT, L.P.
 
By:
WS Capital, L.L.C., its general partner
   
By:
/s/ Reid S. Walker
 
Reid S. Walker, Member
   
WSV MANAGEMENT, L.L.C.
   
By:
/s/ Reid S. Walker
 
Reid S. Walker, Member
   
WS VENTURES MANAGEMENT, L.P.
   
By:
WSV Management, L.L.C., its general partner
   
By:
/s/ Reid S. Walker
 
Reid S. Walker, Member


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