0001214659-13-000786.txt : 20130214 0001214659-13-000786.hdr.sgml : 20130214 20130214080304 ACCESSION NUMBER: 0001214659-13-000786 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130214 DATE AS OF CHANGE: 20130214 GROUP MEMBERS: KEVIN C. TANG GROUP MEMBERS: TANG CAPITAL MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENTA INC DE/ CENTRAL INDEX KEY: 0000880643 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 330326866 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42004 FILM NUMBER: 13606308 BUSINESS ADDRESS: STREET 1: 200 CONNELL DRIVE STREET 2: .. CITY: BERKELEY HEIGHTS STATE: NJ ZIP: 07922 BUSINESS PHONE: (908) 286-9800 MAIL ADDRESS: STREET 1: 200 CONNELL DRIVE STREET 2: .. CITY: BERKELEY HEIGHTS STATE: NJ ZIP: 07922 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TANG CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0001191935 IRS NUMBER: 680517277 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 4747 EXECUTIVE DRIVE STREET 2: SUITE 510 CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 858-200-3830 MAIL ADDRESS: STREET 1: 4747 EXECUTIVE DRIVE STREET 2: SUITE 510 CITY: SAN DIEGO STATE: CA ZIP: 92121 SC 13G/A 1 c213134sc13ga4.htm AMENDMENT NO. 4 c213134sc13ga4.htm


SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
 
SCHEDULE 13G/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
 
Genta Incorporated
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
37245M801
(CUSIP Number)
 
December 31, 2012
(Date of Event Which Requires Filing of This Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
o           Rule 13d-1(b)
 
ý           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).
 


 
Page 1 of 8 Pages

 
 
 CUSIP No.  37245M801
13G/A
Page 2 of 8 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
TANG CAPITAL PARTNERS, LP
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
(a) ¨  
(b) ý  
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
 
 
 
NUMBER OF
5
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
662,117,262
EACH REPORTING
PERSON WITH
 
7
SOLE DISPOSITIVE POWER
 
0
 
 
 
8
SHARED DISPOSITIVE POWER
 
662,117,262
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
662,117,262
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
9.9%
12
TYPE OF REPORTING PERSON
 
PN
 
 
 
Page 2 of 8 Pages

 
 
 CUSIP No. 37245M801
 
13G/A
Page 3 of 8 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
TANG CAPITAL MANAGEMENT, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
(a) ¨  
(b) ý      
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE
 
 
 
NUMBER OF
5
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
662,117,262
EACH REPORTING
PERSON WITH
 
7
SOLE DISPOSITIVE POWER
 
0
 
 
 
8
SHARED DISPOSITIVE POWER
 
662,117,262
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
662,117,262
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
9.9%
 
12
TYPE OF REPORTING PERSON
 
OO
 
 
 
Page 3 of 8 Pages

 
 
CUSIP No. 37245M801
13G/A
Page 4 of 8 Pages
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
KEVIN C. TANG
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 
 
(a) ¨  
(b) ý      
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
UNITED STATES
 
 
 
NUMBER OF
5
SOLE VOTING POWER
 
0
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
662,117,262
EACH REPORTING
PERSON WITH
 
7
SOLE DISPOSITIVE POWER
 
0
 
 
 
8
SHARED DISPOSITIVE POWER
 
662,117,262
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
662,117,262
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
9.9%
 
12
TYPE OF REPORTING PERSON
 
IN
 
 
 
Page 4 of 8 Pages

 
 
Item 1(a). Name of Issuer:
   
 
Genta Incorporated, a Delaware corporation (the “Issuer”)
   
Item 1(b). Address of Issuer’s Principal Executive Offices:
   
 
200 Connell Drive, Berkeley Heights, NJ 07922
   
Item 2(a).    Name of Person Filing:
   
 
This Statement on Schedule 13G/A (this “Statement”) is filed by Tang Capital Partners, LP (“Tang Capital Partners”); Tang Capital Management, LLC, the general partner of Tang Capital Partners (“Tang Capital Management”); and Kevin C. Tang, the manager of Tang Capital Management.  Tang Capital Partners, Tang Capital Management and Kevin C. Tang shall hereinafter be referred to as the “Reporting Persons”.
   
Item 2(b). Address of Principal Business Office or, if none, Residence:
   
 
4747 Executive Drive, Suite 510, San Diego, CA 92121
   
Item 2(c).   Citizenship:
   
 
Tang Capital Partners is a Delaware limited partnership. Tang Capital Management is a Delaware limited liability company. Mr. Tang is a United States citizen.
   
Item 2(d). Title of Class of Securities:
   
 
Common Stock, par value $0.001 per share (the “Common Stock”)
   
Item 2(e).
CUSIP Number:  37245M801
 
Item 3.  Not applicable.
    
Item 4.  Ownership.
     
 
(a) Amount Beneficially Owned:
     
   
Tang Capital Partners.  Tang Capital Partners is the beneficial owner of 662,117,262 shares of the Issuer’s Common Stock, which is comprised of $116,403.69 face amount of the Issuer’s 15% Senior Secured Convertible Notes due September 2013 (the “June 2008 Notes”), $602,746.19 face amount of the Issuer’s 8% Senior Convertible Notes due September 2013 (the “September 2009 Notes”), $1,993,908.55 face amount of the Issuer’s Senior Unsecured Convertible Notes due March 2013 (the “B Note”), $2,744,761.42 face amount of the Issuer’s Senior Unsecured Convertible Notes due March 2013 (the “C Notes”), $2,238,128.71 face amount of the Issuer’s Senior Unsecured Convertible Notes due March 2013 (the “D Notes”), $2,199,266.10 face amount of the Issuer’s Senior Unsecured Convertible Notes due March 2013 (the “E Notes”), $3,561,866.87 face amount of the Issuer’s Senior Secured Convertible Notes due 2021 (the “G Notes”), $238,000 face amount of the Issuer’s Senior Secured Convertible Notes due 2021 (the “H Notes”) and $1,731,375.00 face amount of the Issuer’s Senior Secured Convertible Notes due 2022 (the “I Notes”). Additionally, Tang Capital Partners is the beneficial owner of a warrant to purchase 9,333,276 shares of the Issuer’s Common Stock (the “December 2010 Warrants”) and a warrant to purchase 1,086,031,638 shares of the Issuer’s Common Stock (the “September 2011 Warrants”).  Tang Capital Partners also owns a warrant representing the right to acquire an additional $3,966,666.67 face amount of the Issuer’s G Notes (the “G Note Warrant”) and a warrant representing the right to acquire an additional $3,847,500 of the Issuer’s I Notes (the “I Note Warrant”).
 
 
Page 5 of 8 Pages

 
 
   
The June 2008 Notes, which are convertible into Common Stock, can only be converted to the extent that, after such conversion, the holder would beneficially own no more than 4.999% of the Issuer’s Common Stock. The September 2011 Notes, the B Notes, the C Notes, the D Notes, the E Notes, the G Notes, H Notes and I Notes, which are each convertible into Common Stock, can only be converted to the extent that, after such conversion, the holder would beneficially own no more than 9.999% of the Issuer’s Common Stock. The December 2010 Warrant and September 2011 Warrant are only exercisable to the extent that, after such exercise, the holder would beneficially own no more than 9.999% of the Issuer’s Common Stock.
     
   
Tang Capital Partners shares voting and dispositive power over such shares, notes and warrants with Tang Capital Management and Kevin C. Tang.
     
   
Tang Capital Management. Tang Capital Management, as the general partner of Tang Capital Partners, may be deemed to beneficially own the shares of the Issuer’s Common Stock, notes and warrants beneficially owned by Tang Capital Partners.
     
   
Kevin C. Tang.  Kevin C. Tang may be deemed to beneficially own 662,117,262 shares of the Issuer’s Common Stock, comprising:
     
   
The shares, notes and warrants that are beneficially owned by Tang Capital Partners; and
   
 
   
The following securities for which Mr. Tang shares voting and dispositive power: $155,669.45 face amount of B notes, $221,959.71 face amount of C Notes, $110,292.57 face amount of D Notes, $94,604.67 face amount of E Notes, $209,522.13 face amount of G Notes, $14,000.00 face amount of H Notes, $91,125.00 face amount of I Notes, a G Note Warrant to purchase $233,333.33 face amount of G Notes and an I Note Warrant to purchase $202,500.00 face amount of I Notes.
     
   
Mr. Tang disclaims beneficial ownership of all shares reported herein except to the extent of his pecuniary interest therein.
     
   
The percentages used herein are based upon 6,621,834,805 shares of Common Stock outstanding (5,959,717,543 shares outstanding as of June 19, 2012 per the Issuer’s Form DEF 14A as filed with the Securities and Exchange Commission on June 22, 2012, plus 662,117,262 shares of Common Stock issuable upon conversion of notes or exercise of warrants).
     
    On August 2, 2012, the Issuer filed a voluntary petition for relief under Chapter 7 of the United States Bankruptcy Code (the “Code”) in the United States Bankruptcy Court for the District of Delaware (the “Filing”).  Pursuant to the Filing, a trustee has been appointed to liquidate the assets of the Issuer in accordance with Chapter 7 of the Code.
     
   
(b)    Percent of Class:
     
    Tang Capital Partners 
9.9%
    Tang Capital Management 
9.9%
    Kevin C. Tang 
9.9%
 
 
Page 6 of 8 Pages

 
 
     
   
(c) Number of shares as to which such person has:
     
    (i) sole power to vote or to direct the vote:
   
   
   
   
   
      Tang Capital Partners 0 shares
      Tang Capital Management 0 shares
      Kevin C. Tang 0 shares
         
    (ii)  shared power to vote or to direct the vote:
         
      Tang Capital Partners
662,117,262 shares
      Tang Capital Management  
662,117,262 shares
      Kevin C. Tang 
662,117,262 shares
         
    (iii)  sole power to dispose or to direct the disposition of:
         
      Tang Capital Partners 0 shares
      Tang Capital Management 0 shares
      Kevin C. Tang 0 shares
         
    (iv) shared power to dispose or to direct the disposition of:
         
      Tang Capital Partners
662,117,262 shares
      Tang Capital Management
662,117,262 shares
      Kevin C. Tang
662,117,262 shares
         
         
 Item 5.  Ownership of Five Percent or Less of a Class.
   
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  ¨
   
Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
   
  Not applicable
   
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
   
  Not applicable.
   
Item 8. Identification and Classification of Members of the Group.
   
  Not applicable.
   
Item 9. Notice of Dissolution of Group.
   
  Not applicable.
 
Item 10.  Certification.
   
 
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.
 
 
Page 7 of 8 Pages

 
 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
 Date:  
February 14, 2013
  
   
   
TANG CAPITAL PARTNERS, LP
   
By:  Tang Capital Management, LLC, its General Partner
   
By:     
/s/ Kevin C. Tang  
 
Kevin C. Tang, Manager
 
 
  
TANG CAPITAL MANAGEMENT, LLC
   
By:    
/s/ Kevin C. Tang 
 
Kevin C. Tang, Manager
 
 
   
/s/ Kevin C. Tang 
Kevin C. Tang
 
 
 
 
 
Page 8 of 8 Pages