-----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, UGBr1/QQH51q7mDI2VKiBazLWt6INxegJ0/zKasA9pYOspUcx1b4GqCGgZ5lqDFH sqUZMKNk+gM7iqOGC5oU/A== 0001144204-11-002247.txt : 20110114 0001144204-11-002247.hdr.sgml : 20110114 20110114104544 ACCESSION NUMBER: 0001144204-11-002247 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110114 DATE AS OF CHANGE: 20110114 GROUP MEMBERS: AILSA CRAIG TRUST FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Bou Juan Carlos CENTRAL INDEX KEY: 0001510254 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: C/O ACM CITY VIEW PLAZA STREET 2: #48 ROAD 165 SUITE 6000 CITY: GUYNABO STATE: PR ZIP: 00968 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LPATH, INC CENTRAL INDEX KEY: 0001251769 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 161630142 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81182 FILM NUMBER: 11529106 BUSINESS ADDRESS: STREET 1: 6335 FERRIS SQUARE STREET 2: SUITE A CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 858-678-0800 MAIL ADDRESS: STREET 1: 6335 FERRIS SQUARE STREET 2: SUITE A CITY: SAN DIEGO STATE: CA ZIP: 92121 FORMER COMPANY: FORMER CONFORMED NAME: LPATH INC DATE OF NAME CHANGE: 20051202 FORMER COMPANY: FORMER CONFORMED NAME: NEIGHBORHOOD CONNECTIONS INC DATE OF NAME CHANGE: 20040323 FORMER COMPANY: FORMER CONFORMED NAME: JCG INC DATE OF NAME CHANGE: 20030702 SC 13G 1 v208070_sc13g.htm Unassociated Document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC  20549
 
 
SCHEDULE 13G
(Rule 13d-102)
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

Lpath, Inc.
(Name of Issuer)
 
Common Stock, $.001 par value
(Title of Class of Securities)
 
 
548910 10 8
  
(CUSIP Number)
 
 
January 6, 2011
  
(Date of Event That Requires Filing of This Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
¨ Rule 13d-1 (b)
ý 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 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 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. 548910 10 8
Schedule 13G
  

(1)
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Ailsa Craig Trust
 
(I.R.S. Identification No.:  N/A)
   
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) ¨
(b) ¨
   
(3)
SEC USE ONLY
   
(4)
CITIZENSHIP OR PLACE OF ORGANIZATION
Cook Islands

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
(5)
SOLE VOTING POWER                  4,900,000
 
(6)
SHARED VOTING POWER                  0
 
(7)
SOLE DISPOSITIVE POWER         4,900,000
 
(8)
SHARED DISPOSITIVE POWER          0

(9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,900,000
   
(10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES ¨
   
(11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
8.1%
   
(12)
TYPE OF REPORTING PERSON
  
OO

 
 
 

CUSIP No. 548910 10 8

(1)
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
 
Juan Carlos Bou, as Trustee of the Ailsa Craig Trust
 
(I.R.S. Identification No.:  N/A)
   
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) ¨
(b) ¨
   
(3)
SEC USE ONLY
   
(4)
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.

 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
(5)
SOLE VOTING POWER                   4,900,000
 
(6)
SHARED VOTING POWER                  0
 
(7)
SOLE DISPOSITIVE POWER          4,900,000
 
(8)
SHARED DISPOSITIVE POWER          0

(9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,900,000
   
(10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES  ¨
   
(11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
8.1%
   
(12)
TYPE OF REPORTING PERSON
 
IN

 
 
 

Item 1(a).  Name of Issuer:
 
 
Lpath, Inc.
 
Item 1(b).  Address of Issuer’s Principal Executive Offices:
 
 
16335 Ferris Square, Suite A, San Diego, CA 92121
 
Item 2(a).  Name of Person(s) Filing:
 
 
Ailsa Craig Trust
 
 
Juan Carlos Bou, as Trustee of the Ailsa Craig Trust
 
Item 2(b).  Address of Principal Business Office, or, if None, Residence:
 
c/o ACM City View Plaza II, #48 Road 165 Suite 6000, Guaynabo, PR 00968
 
Item 2(c).  Citizenship:
 
 
Ailsa Craig Trust is a Cooks Island Trust
 
 
Juan Carlos Bou (as Trustee of the Ailsa Craig Trust) is a citizen of the U.S.A.
 
Item 2(d).  Title of Class of Securities:
 
 
Common Stock, $.001 par value per share (“Common Stock”)
 
Item 2(e).  CUSIP Number:

 
548910 10 8

Item 3.  If This Statement is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b), 
Check Whether the Person Filing is a:
 
Not applicable.
 
Item 4.  Ownership:
 
  For Ailsa Craig Trust:
 
   (a) Amount beneficially owned:  4,900,000*
 
   (b) Percent of class: 8.1%

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

(i) Sole power to vote or to direct the vote:  4,900,000*

(ii) Shared power to vote or to direct the vote:  0

(iii) Sole power to dispose or to direct the disposition of:  4,900,000*

(iv) Shared power to dispose or to direct the disposition of:  0

 
 
 
 
  For Juan Carlos Bou, as Trustee of the Ailsa Craig Trust:
 
   (a) Amount beneficially owned:  4,900,000*
 
   (b) Percent of class: 8.1%

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

(i) Sole power to vote or to direct the vote:  4,900,000*

(ii) Shared power to vote or to direct the vote:  0

(iii) Sole power to dispose or to direct the disposition of:  4,900,000*

(iv) Shared power to dispose or to direct the disposition of:  0
 
*The shares indicated include 100,000 shares of Common Stock that are issuable upon exercise of a warrant.  Juan Carlos Bou is the sole trustee of the Ailsa Craig Trust (the “Trust”). In such capacity, Mr. Bou has sole voting power over, and sole power to dispose of, all securities owned by the Trust.  Mr. Bou is not a beneficiary of the Trust. Mr. Bou disclaims beneficial ownership of all securities held by the Trust and the filing of this Schedule 13G shall not be construed as an admission that Mr. Bou is the beneficial owner of such securities for any purposes other than Section 13(d) of the Securities Exchange Act of 1934.
 
Item 5.   Ownership of Five Percent or Less of a Class.
 
Not applicable
 
Item 6.  Ownership of More than Five Percent on Behalf of Another Person.
 
 
Not applicable
 
Item 7.
Identification and Classification of the Subsidiary That Acquired the Security Being Reported by the Parent Holding Company or Control Person.
 
See Exhibit A
 
Item 8.  Identification and Classification of Members of the Group.
 
 
Not applicable
 
Item 9.  Notice of Dissolution of the 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.

 
 
 

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:  January 14, 2011
Ailsa Craig Trust
 
By: /s/ Juan Carlos Bou
Name:   Juan Carlos Bou
Title:     Trustee
 
/s/ Juan Carlos Bou
Juan Carlos Bou

 
 
 

EXHIBIT INDEX

Exhibit A. Item 7 Information

Exhibit B. Joint Filing Agreement
 
 
Exhibit A – Item 7 Information

The securities being reported on by the Ailsa Craig Trust (the “Trust”), as a parent holding company are owned, or may be deemed to be beneficially owned, by each of Cima Aviación LLC (“CIMA”), a Puerto Rico limited liability company, and El Morro LLC (“MORRO”), a Delaware limited liability company. CIMA is a wholly owned subsidiary of the Trust and MORRO is an indirect wholly owned subsidiary of the Trust.  Accordingly, these two entities are controlled by the Trust.

 
 
 

Exhibit B - -  Joint Filing Agreement

The undersigned hereby agree that they are filing jointly pursuant to Rule 13d-1(k)(1) of the Securities Exchange Act of 1934, as amended, the statement dated January 14, 2011 containing the information required by Schedule 13G for the shares of common stock, par value $0.001 per share, of Lpath, Inc., held by undersigned.

Date: January 14, 2011

Ailsa Craig Trust
 
By: /s/ Juan Carlos Bou
Name:   Juan Carlos Bou
Title:     Trustee
 
/s/ Juan Carlos Bou
Juan Carlos Bou

 
 
 
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