0001193805-11-000964.txt : 20110517 0001193805-11-000964.hdr.sgml : 20110517 20110517171713 ACCESSION NUMBER: 0001193805-11-000964 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20110517 DATE AS OF CHANGE: 20110517 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AXION INTERNATIONAL HOLDINGS, INC. CENTRAL INDEX KEY: 0000753048 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS FOAM PRODUCTS [3086] IRS NUMBER: 840846389 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-40392 FILM NUMBER: 11852487 BUSINESS ADDRESS: STREET 1: 665 MARTINSVILLE ROAD, SUITE 219 STREET 2: . CITY: BASKING RIDGE STATE: NJ ZIP: 07920-4700 BUSINESS PHONE: 908-542-0888 MAIL ADDRESS: STREET 1: 665 MARTINSVILLE ROAD, SUITE 219 STREET 2: . CITY: BASKING RIDGE STATE: NJ ZIP: 07920-4700 FORMER COMPANY: FORMER CONFORMED NAME: ANALYTICAL SURVEYS INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HARBORVIEW MASTER FUND LP CENTRAL INDEX KEY: 0001400704 IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: HARBOUR HOUSE WATERFORD DRIVE STREET 2: PO BOX 972 CITY: TORTOLA STATE: D8 ZIP: 00000 BUSINESS PHONE: 294 694 4770 MAIL ADDRESS: STREET 1: HARBOUR HOUSE WATERFORD DRIVE STREET 2: PO BOX 972 CITY: TORTOLA STATE: D8 ZIP: 00000 SC 13G 1 e608475_13g-harborview.htm Unassociated Document
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934*
 
Axion International Holdings, Inc.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
05462D101
(CUSIP Number)
 
May 9, 2011
(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)
 
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).

Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications:

Rick A. Werner, Esq.
Haynes and Boone, LLP
30 Rockefeller Plaza, 26th Floor
New York, New York 10112
(212) 659-4974
 
 
1
 
 
CUSIP No. 05462D101
1
Name of Reporting Persons.

Harborview Master Fund, L.P.
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
 
British Virgin Islands
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
5
Sole Voting Power
 
0
6
Shared Voting Power
 
338,000 (1)
7
Sole Dispositive Power                                           
 
0
8
Shared Dispositive Power                                           
 
338,000 (1)
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
338,000 (1)
10
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
 
 
 
11
Percent of Class Represented by Amount in Row (9)
 
1.4%
12
Type of Reporting Person (See Instructions)
 
PN
 
 
(1)
Includes (i) 100,000 shares of common stock that may be acquired pursuant to an Amended and Restated Purchase Warrant, issued on February 1, 2010 and amended and restated on February 22, 2010 (the “2010 Warrant”), (ii) 100,000 shares of common stock that may be acquired pursuant to a Purchase Warrant, issued on July 21, 2009 (the “2009 Warrant”), and (iii) 138,000 shares of common stock that may be acquired pursuant to an Amended and Restated 8.75% Convertible Debenture due December 31, 2010, issued on September 26, 2008, amended and restated on March 31, 2009, and amended on July 22, 2009 and January 25, 2011 (the “8.75% Debenture”).
 
 
2
 

CUSIP No. 05462D101
1
Name of Reporting Persons.

Harborview Value Master Fund, L.P.
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
 
British Virgin Islands
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
5
Sole Voting Power
 
0
6
Shared Voting Power
 
591,030
7
Sole Dispositive Power                                           
 
0
8
Shared Dispositive Power                                           
 
591,030
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
591,030
10
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
 
 
  
11
Percent of Class Represented by Amount in Row (9)
 
2.5%
12
Type of Reporting Person (See Instructions)
 
PN
 
 
3
 
 
CUSIP No. 05462D101
1
Name of Reporting Persons.

Harborview Advisors, LLC
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
 
New Jersey
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
5
Sole Voting Power
 
0
6
Shared Voting Power
 
929,030 (1)
7
Sole Dispositive Power                                           
 
0
8
Shared Dispositive Power                                           
 
929,030 (1)
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
929,030 (1)
10
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
 
 
 
11
Percent of Class Represented by Amount in Row (9)
 
3.8%
12
Type of Reporting Person (See Instructions)
 
IA, PN
 
 
(1)
Includes (i) 100,000 shares of common stock that may be acquired pursuant to the 2010 Warrant, (ii) 100,000 shares of common stock that may be acquired pursuant to the 2009 Warrant, and (iii) 138,000 shares of common stock that may be acquired pursuant to the 8.75% Debenture.
 
 
4
 
 
CUSIP No. 05462D101
1
Name of Reporting Persons.

Harborview Capital Management, LLC
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
 
New York
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
5
Sole Voting Power
 
0
6
Shared Voting Power
 
575,950
7
Sole Dispositive Power                                           
 
0
8
Shared Dispositive Power                                           
 
575,950
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
575,950
10
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
 
 
 
11
Percent of Class Represented by Amount in Row (9)
 
2.4%
12
Type of Reporting Person (See Instructions)
 
00
 
 
5
 
 
CUSIP No. 05462D101
1
Name of Reporting Persons.

David Stefansky
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
 
New York
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
5
Sole Voting Power
 
38,376
6
Shared Voting Power
 
1,504,980 (1)
7
Sole Dispositive Power                                           
 
38,376
8
Shared Dispositive Power                                           
 
1,504,980 (1)
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,543,356 (1)
10
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
 
 
 
11
Percent of Class Represented by Amount in Row (9)
 
6.3%
12
Type of Reporting Person (See Instructions)
 
IN
 
 
(1)
Includes (i) 100,000 shares of common stock that may be acquired pursuant to the 2010 Warrant, (ii) 100,000 shares of common stock that may be acquired pursuant to the 2009 Warrant, and (iii) 138,000 shares of common stock that may be acquired pursuant to the 8.75% Debenture.
 
 
6
 
 
CUSIP No. 05462D101
1
Name of Reporting Persons.

Richard Rosenblum
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
 
New York
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
5
Sole Voting Power
 
0
6
Shared Voting Power
 
1,534,980 (1)
7
Sole Dispositive Power                                           
 
0
8
Shared Dispositive Power                                           
 
1,534,980 (1)
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
1,534,980 (1)
10
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
 
 
 
11
Percent of Class Represented by Amount in Row (9)
 
6.3%
12
Type of Reporting Person (See Instructions)
 
IN
 
 
(1)
Includes (i) 100,000 shares of common stock that may be acquired pursuant to the 2010 Warrant, (ii) 100,000 shares of common stock that may be acquired pursuant to the 2009 Warrant, and (iii) 138,000 shares of common stock that may be acquired pursuant to the 8.75% Debenture.
 
 
7
 
 
CUSIP No. 05462D101
1
Name of Reporting Persons.

The Corbran LLC
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
 
New York
Number of Shares
Beneficially Owned
by Each Reporting
Person With:
5
Sole Voting Power
 
0
6
Shared Voting Power
 
30,000
7
Sole Dispositive Power                                           
 
0
8
Shared Dispositive Power                                           
 
30,000
9
Aggregate Amount Beneficially Owned by Each Reporting Person
 
30,000
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)
 
0.1%
12
Type of Reporting Person (See Instructions)
 
CO
 
 
8
 
 
 
Item 1.

 
(a)
Name of Issuer

Axion International Holdings, Inc. (the “Company”)
 
 
(b)
Address of Issuer’s Principal Executive Offices

180 South Street, New Providence, NJ 07974
 
 
Item 2.

 
(a)
Name of Person Filing

This statement is jointly filed by and on behalf of each of Harborview Master Fund, L.P. (“Harborview Master Fund”), Harborview Value Master Fund, L.P. (“Harborview Value Fund”), Harborview Advisors, LLC (“Harborview Advisors”), Harborview Capital Management, LLC (“Harborview Management”), Richard Rosenblum, David Stefansky and The Corbran LLC.  Harborview Master Fund, Harborview Value Fund, Harborview Management, David Stefansky and The Corbran LLC are the record and direct beneficial owners of the securities covered by this statement.

The securities held by Harborview Master Fund are also reported as beneficially owned by Harborview Advisors, as the general partner of the Harborview Master Fund, and by Messrs. Rosenblum and Stefansky, as the managing members of Harborview Advisors. By reason of these relationships, each of Harborview Master Fund, Harborview Advisors and Messrs. Rosenblum and Stefansky are reported as having shared power to vote, or to direct the vote, and shared power to dispose or direct the disposition of, the securities held by the Harborview Master Fund.

The securities held by Harborview Value Fund are also reported as beneficially owned by Harborview Advisors, as the general partner of the Harborview Value Fund, and by Messrs. Rosenblum and Stefansky, as the managing members of Harborview Advisors. By reason of these relationships, each of Harborview Value Fund, Harborview Advisors and Messrs. Rosenblum and Stefansky are reported as having shared power to vote, or to direct the vote, and shared power to dispose or direct the disposition of, the securities held by the Harborview Value Fund.

The securities held by Harborview Management are also reported as beneficially owned by Messrs. Rosenblum and Stefansky, as the managing members of Harborview Management.  By reason of this relationship, Messrs. Rosenblum and Stefansky are reported as having shared power to vote, or to direct the vote, and shared power to dispose or direct the disposition of, the securities held by Harborview Management.

The securities held by The Corbran LLC are also reported as beneficially owned by Mr. Rosenblum as the managing member of The Corbran LLC. By reason of this relationship, Mr. Rosenblum is reported as having shared power to vote, or to direct the vote, and shared power to dispose or direct the disposition of, the securities held by The Corbran LLC.

Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
 
 
9
 
 
 
(b)
Address of Principal Business Office or, if none, Residence

The address of the principal business office of each reporting person is c/o Harborview Advisors, LLC, 850 Third Avenue, Suite 1801, New York, New York 10022.

 
(c)
Citizenship

See Item 4 on the cover page(s) hereto.

 
(d)
Title of Class of Securities

Common Stock

 
(e)
CUSIP Number

05462D101
 
 
Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)   
o
Broker or dealer registered unde Section 15 of the Act (15 U.S.C. 78o).
 
(b)   
o
Bank as deined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
 
(c)   
o
Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
 
(d)   
o
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
(e)   
o
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
(f)   
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
(g)   
o
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
(h)   
o
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
(i)   
o
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)   
o
Group, in accordance with §240.13d-1(b)(1)(ii)(J).
 
 
Item 4.
Ownership.

 
(a)
Amount beneficially owned: See Item 9 on the cover page(s) hereto.

 
(b)
Percent of class: See Item 11 on the cover page(s) hereto.

 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.

 
(ii)
Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
 
 
10
 
 
 
(iii)
Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.

 
(iv)
Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.

 
Item 5.
Ownership of 5% 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 5 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 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.
 
 
11
 
 
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.
 
 
 
Harborview Master Fund, L.P.
       
 
By: 
Harborview Advisors, LLC
  
 
Its:
General Partner
  
       
 
By: 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Title:
Managing Member
  
 
Date:
May 17, 2011
  

 
Harborview Value Master Fund, L.P.
       
 
By: 
Harborview Advisors, LLC
  
 
Its:
General Partner
  
       
 
By: 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Title:
Managing Member
  
 
Date:
May 17, 2011
  
 
 
Harborview Advisors, LLC
       
 
By: 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Title:
Managing Member
  
 
Date:
May 17, 2011
  
 
 
Harborview Capital Management, LLC
       
 
By: 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Title:
Managing Member
  
 
Date:
May 17, 2011
  
 
 
The Corbran LLC
       
 
By: 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Title:
Managing Member
  
 
Date:
May 17, 2011
  
 
 
Richard Rosenblum
       
 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Date:
May 17, 2011
  
 
 
David Stefansky
       
 
/s/ David Stefansky
 
 
Name: 
David Stefansky
  
 
Date:
May 17, 2011
  
 
 
12
 
 
EXHIBIT INDEX

Exhibit
Description of Exhibit
99.1
 
Joint Filing Agreement (furnished herewith).
 
 
 
 EX-99.1 2 e608475_ex99-1.htm Unassociated Document
 
EXHIBIT 99.1

JOINT FILING AGREEMENT

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto.  This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date set forth below.
 
 
Date: May 17, 2011
Harborview Master Fund, L.P.
       
 
By: 
Harborview Advisors, LLC
  
 
Its:
General Partner
  
       
 
By: 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Title:
Managing Member
  

 
Harborview Value Master Fund, L.P.
       
 
By: 
Harborview Advisors, LLC
  
 
Its:
General Partner
  
       
 
By: 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Title:
Managing Member
  
 
 
Harborview Advisors, LLC
       
 
By: 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Title:
Managing Member
  
 
 
Harborview Capital Management, LLC
       
 
By: 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Title:
Managing Member
  
 
 
The Corbran LLC
       
 
By: 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
Title:
Managing Member
  
 
 
Richard Rosenblum
       
 
/s/ Richard Rosenblum
 
 
Name: 
Richard Rosenblum
  
 
 
David Stefansky
       
 
/s/ David Stefansky
 
 
Name: 
David Stefansky