-----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, AgNqzQedYSfEU4bETm6WOfpb4kaTRiDi8WYKzZ4lpRrsCEndBGeKvA3fppA4CNPK 49WeaB9r7T+ZKYQR9PYoxg== 0001104659-03-005665.txt : 20030401 0001104659-03-005665.hdr.sgml : 20030401 20030401142828 ACCESSION NUMBER: 0001104659-03-005665 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030401 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TANNEBAUM LLC CENTRAL INDEX KEY: 0001203994 IRS NUMBER: 030400032 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: 875 N. MICHIGAN AVENUE STREET 2: SUITE 2930 CITY: CHICAGO STATE: IL ZIP: 60611 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PHOTOGEN TECHNOLOGIES INC CENTRAL INDEX KEY: 0000761237 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 364010347 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-53647 FILM NUMBER: 03633907 BUSINESS ADDRESS: STREET 1: 7327 OAK RIDGE HIGHWAY STREET 2: SUITE B CITY: KNOXVILLE STATE: TN ZIP: 37931 BUSINESS PHONE: 4237694011 MAIL ADDRESS: STREET 1: 7327 OAK RIDGE HIGHWAY STREET 2: SUITE B CITY: KNOXVILLE STATE: TN ZIP: 37931 SC 13D 1 j9074_sc13d.htm SC 13D

SEC 1746
(11-02)


Potential persons who are to 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.

 

 

UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE
COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires: December 31, 2005

 

SCHEDULE 13D

Estimated average burden hours per response. . 11

Under the Securities Exchange Act of 1934
(Amendment No.     )*

Photogen Technologies, Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

71932A-30-9

(CUSIP Number)

 

Tannebaum Ventures, LLC

875 North Michigan Avenue, Suite 2930, Chicago, Illinois 60611 (312/397-2626)

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

 

March 31, 2003

(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 §§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 §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 ("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.   71932A-30-9

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
Tannebaum Ventures, LLC (as sole manager of Tannebaum, LLC)

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 [ X ]

 

 

(b)

 [    ]

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
3,344,045

 

8.

Shared Voting Power
0

 

9.

Sole Dispositive Power
3,344,045

 

10.

Shared Dispositive Power
0

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,344,045

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 

 

 

13.

Percent of Class Represented by Amount in Row (11)
19.5%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

 

2



 

Item 1.

Security and Issuer

This Schedule 13D relates to common stock (“Common Stock”) of Photogen Technologies, Inc., a Nevada corporation (the “Issuer”).  The principal executive offices of the Issuer are located at 140 Union Square Drive, New Hope, PA 18938.

 

Item 2.

Identity and Background

Set forth below is the following information with respect to the filing on this Schedule 13D:  (a) name; (b) business address; (c) principal occupation and name, business and address of employer; (d) information concerning criminal convictions during the last five years; (e) information concerning civil or administrative proceedings under state or federal securities laws during the past five years with respect to any state or federal securities laws; and (f) citizenship.

 

a)             Tannebaum Ventures, LLC (as sole manager of Tannebaum, LLC)

 

b)            875 North Michigan Avenue, Suite 2930, Chicago, IL 60611

 

c)             not applicable

 

d)            No criminal convictions(1)

 

e)             No adverse civil judgments for violations of securities laws(1)

 

f)             not applicable

 

 


(1)  During the last five years, neither the filing person nor any person described in General Instruction C to Schedule 13D with respect to a filing person that is an entity has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), nor have such persons been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction that resulted in his becoming 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.

 

Item 3.

Source and Amount of Funds or Other Consideration

On October 16, 2002, call options were granted by Tannebaum, LLC to STRO, LLC and Tannebaum Ventures LLC covering 4,116,921 pre-split shares of Common Stock.

The purpose of this Schedule 13D is to report the beneficial interest of Tannebaum Ventures.

 

Item 4.

Purpose of Transaction

On October 16, 2002, Tannebaum, LLC signed a Call Agreement granting call options to STRO, LLC and Tannebaum Ventures LLC covering 4,116,921 pre-split shares of Common Stock.

The financing agreements include a voting agreement pursuant to which (among other things) Tannebaum, LLC agreed to maintain the Issuer’s Board of Directors at seven members and to vote to elect certain persons to the Board.

On March 31, 2003, STRO, LLC withdrew as manager of Tannebaum, LLC and was replaced by Tannebaum Ventures, LLC.

Except as described above, the reporting person has no current plans or proposals that relate to or would result in:

 

1.                 The acquisition of additional securities of the Issuer, or the disposition of securities of the Issuer;

 

2.                 An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

 

3.                 A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;

 

4.                 Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

 

5.                 Any material change in the present capitalization or dividend policy of the Issuer;

 

6.                 Any other material change in the Issuer’s business or corporate structure;

 

7.                 Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;

 

8.                 Causing a class of securities of the Issuer 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;

 

9.                 A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or

 

10.           Any action similar to any of those enumerated above.

 

Item 5.

Interest in Securities of the Issuer

 

Name of Item or Person

 

Common Stock
Beneficially Owned
(3)

 

% of Class(1)

 

Voting Power

 

Tannebaum Ventures, LLC (as sole manger of Tannebaum, LLC)

 

3,344,045

 

19.5

%

Sole

(2)

 


 

(1)  All percentages in this table are based, pursuant to Rule 13d-1(e) of the Securities Exchange Act of 1934, on the 17,114,868 shares of Common Stock of the Issuer outstanding as of March 31, 2003.

 

(2)  Excludes shares of Common Stock owned by other persons that are subject to the voting agreement described in Item  4, above.

 

(3)  All shares in this table after a one for four reverse split of Issuer’s Common Stock which was consummated simultaneously with the financing transaction described in Item 4, above.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

The split off transaction, the financing transaction and related voting agreement, and the call agreement with the reporting person are described in Item 4, above.  There are no other contracts, arrangements or understandings with Tannebaum Ventures, LLC made or entered into specifically with respect to holding, voting or disposing of the Common Stock of the Issuer.

 

Item 7.

Material to Be Filed as Exhibits

The following exhibits are filed with this Schedule 13D:

1.                                       Voting, Drag-Along and Right of First Refusal Agreement by and among Robert J. Weinstein, M.D. (individually and as Director of the Robert and Lois Weinstein Family Foundation, Inc. and as Trustee of the Robert and Lois Weinstein Joint Revocable Trust), Stuart Levine (individually and as Trustee of the Theodore Tannebaum Trust), Tannebaum LLC, Mi3 L.P., Oxford Bioscience and New England Partners Capital, L.P. (incorporated by reference to Schedule G to the DEFM 14A filing dated September 12, 2002).

2.                                       Call Agreement entered into as of October 16, 2002 by and among Tannebaum, LLC, STRO, LLC and Tannebaum Ventures LLC (incorporated by reference to Exhibit A to Tannebaum, LLC’s Schedule 13D filing dated January 7, 2003).

 

3



 

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.

 

March 31, 2003

 

Date

 


/s/ Louis D. Williams

 

Signature

 


Tannebaum, Ventures, LLC (as sole manager of
Tannebaum, LLC)

 

Name/Title

 

4


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