-----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, BQONK4aYpaVvyzLABAKN2BIpG04IelywRcwNIXU897hnD50YEyl1GogdAQ8KCtK9 5zr9O2wuocXsmUi13ncEqQ== 0001019687-07-004413.txt : 20071220 0001019687-07-004413.hdr.sgml : 20071220 20071220165043 ACCESSION NUMBER: 0001019687-07-004413 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071220 DATE AS OF CHANGE: 20071220 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BOPP WILLIAM C CENTRAL INDEX KEY: 0001217303 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: BUSINESS PHONE: 508.366.3668 MAIL ADDRESS: STREET 1: C/O VIKING SYTEMS, INC. STREET 2: 134 FLANDERS ROAD CITY: WESTBOROUGH STATE: MA ZIP: 01581 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VIKING SYSTEMS INC CENTRAL INDEX KEY: 0001065754 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 860913802 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-79397 FILM NUMBER: 071319819 BUSINESS ADDRESS: STREET 1: 134 FLANDERS ROAD CITY: WESTBOROUGH STATE: MA ZIP: 01581 BUSINESS PHONE: 508-366-3668 MAIL ADDRESS: STREET 1: 134 FLANDERS ROAD CITY: WESTBOROUGH STATE: MA ZIP: 01581 SC 13D 1 bopp_sc13d-viking.htm SCHEDULE 13D bopp_sc13d-viking.htm

       
     
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934*
   
VIKING SYSTEMS, INC.
     
(Name of Issuer)
 
   
Common Stock
     
(Title of Class of Securities)
 
   
92685Q 10 1
     
(CUSIP Number)
 
William C. Bopp
134 Flanders Road
Westborough, MA 01581
(508) 366-8882
 
 
 
 
 
 
 
 
 
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
   
 
 
   
DECEMBER 10, 2007
     
(Date of Event which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box £.
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.   See Section 240.13d-7 for other parties to whom copies are to be sent.
 
*            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 disclosures provided in a prior cover page.
 
The information required on 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, as amended (“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 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.  92685Q 10 1
13D
Page of 2 of 5 Pages

 
1
NAMES OF REPORTING PERSONS
I.R.S.  IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
William C. Bopp
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)   £
(b)   £
3
SEC USE ONLY
4
SOURCE OF FUNDS
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
£
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
48,863,871
8
SHARED VOTING POWER
9
SOLE DISPOSITIVE POWER
48,863,871
10
SHARED DISPOSITIVE POWER
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,863,871
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  £
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
57.16% *
14
TYPE OF REPORTING PERSON
IN
 
 
______________
*            The calculation of the foregoing percentage is based upon 69,934,072 shares of Viking Systems, Inc. common stock outstanding as of December 14, 2007 as set forth in Viking Systems, Inc.’s Quarterly Report on Form 10-QSB for the quarter ended September 30, 2007 filed with the Securities and Exchange Commission on December 19, 2007 and also includes 11,666,667 shares of Common Stock issuable upon conversion of 8% Secured Convertible Debentures due February 23, 2009 (the “Debentures”) held by Mr. Bopp and 3,888,888 shares of Common Stock issuable upon exercise of warrants issued to Mr. Bopp in connection with the Debentures.
 
 
 

 
CUSIP No.  92685Q 10 1
13D
Page of 3 of 5 Pages

 
SCHEDULE 13D
 
Item 1.       Security and Issuer.
 
This statement relates to the shares of common stock (“Common Stock”) of Viking Systems, Inc., a Delaware corporation (the “Company”).  The Company’s principal offices are located at 134 Flanders Road, Westborough, MA 01581.
 
Item 2.         Identity and Background.
 
(a-b)            This Schedule 13D is being filed by William C. Bopp, (the “Reporting Person”).  The business address of the Reporting Person is Viking Systems, Inc., 134 Flanders Road, Westborough, MA 0581.
 
(c)               The Reporting Person is the Chairman of the Board of Directors of Viking Systems, Inc.
 
(d-e)            During the last five years, the Reporting Person has not: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); nor (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
 
(f)                The Reporting Person is a citizen of the United States of America.
 
Item 3.        Source and Amount of Funds or Other Consideration.
The Reporting Person herein, acquired  his shares of Common Stock for general investment purposes.  The source of funds of the Reporting Person for the acquisitions was personal funds.  The net investment cost of the shares of Common Stock beneficially owned by the reporting person is $1,523,240.00.
 
Item 4.       Purpose of Transaction.
 
The Shares deemed to be beneficially owned by the Reporting Person were originally acquired for, and held individually for, investment purposes.
 
As reported on a Current Report on Form 8-K filed with the Securities and Exchange Commission by Viking on November 15, 2007, the Reporting Person, who is the Chairman of the Board of Viking and a holder of certain Viking Debentures, presented a recapitalization plan to the Viking Board of Directors.  Under the terms of the plan, following its implementation, the Reporting Person would continue to serve as Viking’s Chairman of the Board and become Chief Executive Officer.  The plan provides that the Reporting Person would enter into a twenty-four month lock-up agreement regarding his holdings of the Company’s Common Stock.
 
In addition to the actions described above, the Reporting Person may also pursue other alternatives available in order to maximize the value of his investment in the Company.  Such alternatives could include, without limitation:  (a) the purchase of additional Common Stock in the open market, in privately negotiated transactions or otherwise, and (b) the sale of all or a portion of the Common Stock now owned or hereafter acquired by him.
 
Other than as set forth above in this Item 4, the Reporting Person has no other existing plan or proposal which relates to or would result in any of the matters enumerated in clauses (a) through (j), inclusive, of Item 4 of Schedule 13D.  However, the Reporting Person may in the future engage in and may plan for his engagement in:  (a) the acquisition of additional securities of the Company or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present Board or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company’s business or corporate structure; (g) changes in the Company’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition or control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) causing a class of equity securities of the Company to become eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to any of those enumerated above.
 
 
 

 
CUSIP No.  92685Q 10 1
13D
Page of 4 of 5 Pages

 
Item 5.      Interest in Securities of the Issuer.
 
The Reporting Person holds an aggregate of 48,863,871 shares of the Company’s Common Stock, or approximately 57.16% of the Company’s issued and outstanding Common Stock based upon 69,934,072 shares of outstanding Common Stock as reported in the Company’s Quarterly Report on Form 10-QSB for the quarter ended September 30, 2007 filed with the Securities and Exchange Commission on December 19, 2007 and also including 11,666,667 shares of Common Stock issuable upon conversion of Debentures held by the Reporting Person and 3,888,888 shares of Common Stock issuable upon exercise of warrants issued to the Reporting Person in connection with the Debentures.  Thus, the percentages calculated are based upon 69,934,072 shares of Common Stock issued and outstanding, plus 11,666,667 shares of Common Stock issuable upon conversion of Debentures held by the Reporting Person and 3,888,888 shares of Common Stock issuable upon exercise of warrants.
 
On December 10, 2007, in two private transactions, the Reporting Person acquired 33,308,316 shares of the Company’s Common Stock from two holders, for an aggregate purchase price of $123,240.76, or $0.0037 per share.  The acquisitions were made with the Reporting Person’s personal funds.
 
Item 6.     Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
 
Other than as described in Items 3, 4 and 5, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Person and any person with respect to any securities of the Company, including, but not limited to, the transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies or any pledge or contingency, the occurrence of which would give another person voting or investment power over the securities of the Company.
 
Item 7.      Materials to Be Filed as Exhibits.
 

 

 
 
 
CUSIP No.  92685Q 10 1
13D
Page of 5 of 5 Pages

SIGNATURES
 
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated:  December 20, 2007.
 
   
/s/ William C. Bopp                                      
WILLIAM C. BOPP

 
 
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