-----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, AK64LEnr4HOh/I7JesP4Ja4c7ft9XYeyERYYelwDEqdTr/uY11a0OaPiMpipcZFF EQt6RoCfzLRgPpL9bT+nvA== 0001072613-08-000466.txt : 20080214 0001072613-08-000466.hdr.sgml : 20080214 20080214141601 ACCESSION NUMBER: 0001072613-08-000466 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MEDIS TECHNOLOGIES LTD CENTRAL INDEX KEY: 0001090507 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 133669062 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-62051 FILM NUMBER: 08613126 BUSINESS ADDRESS: STREET 1: 805 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2129358484 MAIL ADDRESS: STREET 1: 805 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WEINGROW HOWARD CENTRAL INDEX KEY: 0001112002 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: BUSINESS PHONE: 2129358484 MAIL ADDRESS: STREET 1: MEDIS TECHNOLOGIES LTD STREET 2: 805 THIRD AVE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 sch13ga5-weingrow_15732.txt MEDIS TECHNOLOGIES LTD. 13GA (#5) - WEINGROW ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 5 )* --- MEDIS TECHNOLOGIES LTD. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $.01 PER SHARE - -------------------------------------------------------------------------------- (Title of Class of Securities) 58500P 10 7 - -------------------------------------------------------------------------------- (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 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). ================================================================================ POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER. ====================== =========== CUSIP NO. 58500P 10 7 13G PAGE 2 OF 5 ====================== =========== ================================================================================ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) HOWARD WEINGROW - ----- ------------------------------------------------------------------------- 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 USA - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 2,396,575 ----- -------------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 1,218,741 OWNED BY ----- -------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING PERSON 2,396,575 WITH: ----- -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,218,741 - ----- ------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,615,316 - ----- ------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] - ----- ------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.84% - ----- ------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ================================================================================ ====================== =========== CUSIP NO. 58500P 10 7 13G PAGE 3 OF 5 ====================== =========== ITEM 1. (a) The name of the issuer is Medis Technologies Ltd. (the "Issuer"). (b) The principal executive office of the Issuer is located at 805 Third Avenue, New York, New York 10022. ITEM 2. (a) Name of Reporting Person: Howard Weingrow (b) The Address of the Principal Business Office of the Reporting Person is 805 Third Avenue, New York, New York 10022. (c) Citizenship: USA (d) Title of Class of Securities: Common Stock, par value $.01 per share (the "Common Stock"). (e) The CUSIP Number of the Common Stock of the Issuer is 58500P 10 7. ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(B), OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: (a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [_] An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G); (h) [_] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J); ITEM 4. OWNERSHIP. (a) Amount beneficially owned: 3,615,316 shares of Common Stock* (b) Percent of class: 9.84% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 2,396,575 shares of Common Stock* (ii) Shared power to vote or to direct the vote: 1,218,741 shares of Common Stock** (iii) Sole power to dispose or to direct the disposition of: 2,396,575 shares of Common Stock* (iv) Shared power to dispose or to direct the disposition of: 1,218,741 shares of Common Stock** * Includes (i) an aggregate of 171,000 shares of Common Stock underlying options granted to the Reporting Person pursuant to the Issuer's 1999 Stock Option Plan, as amended, all of which are exercisable as of December 31, 2007 and (ii) 50,000 restricted shares granted to the Reporting Person pursuant to the Issuer's 2007 Equity Incentive Plan, which restricted shares vest in full on July 17, 2008. ** Such shares are held by Stanoff Corporation, which is beneficially owned by the Reporting Person and Robert K. Lifton. The Reporting Person and Robert K. Lifton each transferred 42,000 shares they individually owned to Stanoff Corporation on July 31, 2007. ---------------- INSTRUCTION. For computations regarding securities which represent a right to acquire an underlying security see ss.240.13d-3(d)(1). ====================== =========== CUSIP NO. 58500P 10 7 13G PAGE 4 OF 5 ====================== =========== 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 [_]. INSTRUCTION: Dissolution of a group requires a response to this item. 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. [_] EXHIBIT ATTACHED ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not applicable. ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not applicable. [_] EXHIBIT ATTACHED ITEM 10. CERTIFICATION Not applicable. ====================== =========== CUSIP NO. 58500P 10 7 13G PAGE 5 OF 5 ====================== =========== 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. Dated: February 14, 2008 By: /s/ Howard Weingrow ----------------------- Howard Weingrow -----END PRIVACY-ENHANCED MESSAGE-----