UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
| VeriTeQ Corporation |
| (Name of Issuer) |
Common Stock, $0.00001 par value per share
(Title of Class of Securities)
923449 300
(CUSIP Number)
August 10, 2015
(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)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter 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 (“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. 923449 300 | 13G | Page 2 of 4 Pages |
| 1 | Names of reporting persons/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ned L. Siegel | ||
| 2 | Check the appropriate box if a member of a group (a) ¨ (b) ¨ | ||
| 3 | SEC use only
| ||
| 4 | Citizenship or place of organization
United States | ||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | Sole voting power
61,366 | |
| 6 | Shared voting power
0 | ||
| 7 | Sole dispositive power
61,366 | ||
| 8 | Shared dispositive power
0 | ||
| 9 | Aggregate amount beneficially owned by each reporting person
61,366 | ||
| 10 | Check if the aggregate amount in Row (9) excludes certain shares
¨ | ||
| 11 | Percent of class represented by amount in Row (9)
9.6% (based on 636,473 shares of common stock outstanding as of August 10, 2015) | ||
| 12 | Type of reporting person
IN | ||
| CUSIP No. 923449 300 | 13G | Page 3 of 4 Pages |
| Item 1(a) | Name of Issuer: |
VeriTeQ Corporation
| Item 1(b) | Address of Issuer’s Principal Executive Offices: |
3333 S. Congress Ave., Suite 401
Delray Beach, FL 33445
| Item 2(a) | Name of Person Filing: |
Ned L. Siegel, the “Reporting Person.”
| Item 2(b) | Address of Principal Business Office or, If None, Residence |
3835 NW Boca Raton Blvd., Suite 200
Boca Raton, FL 33431
| Item 2(c) | Citizenship: |
United States
| Item 2(d) | Title of Class of Securities: |
Common Stock, $0.00001 par value
| Item 2(e) | CUSIP Number: |
923449 300
| Item 3. | Statement Filed Pursuant to Rule 13d-1(b) or 13d-2(b) or (c): |
Not applicable.
| Item 4. | Ownership: |
| (a) | Amount Beneficially Owned: 61,366 |
| (b) | Percent of Class: 9.6% (based on 636,473 shares of common stock outstanding as of August 10, 2015) |
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or direct the vote: 61,366 |
| (ii) | Shared power to vote or direct the vote: 0 |
| (iii) | Sole power to dispose or to direct the disposition of: 61,366 |
| (iv) | Shared power to dispose or to direct the disposition of: 0 |
| CUSIP No. 923449 300 | 13G | Page 3 of 4 Pages |
| 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 ¨.
Not applicable.
| 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 Security Being Reported on by the Parent Holding Company or Control Person |
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. | Certifications |
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.
| CUSIP No. 923449 300 | 13G | Page 4 of 4 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.
| Dated: August 10, 2015 | By: |
/s/ Ned L. Siegel | |
| Name: |
Ned L. Siegel |