-----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, WRIK4Lv1QllOSYHiaEJGcAevjLIkO8QJsThMqf4p5sFnhoJHM0YrN2PDtSq9o1UN GWb4YUFDLAcYO4j7EXnTiw== 0001169232-08-003212.txt : 20080826 0001169232-08-003212.hdr.sgml : 20080826 20080826153434 ACCESSION NUMBER: 0001169232-08-003212 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080826 DATE AS OF CHANGE: 20080826 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PESSIN NORMAN H CENTRAL INDEX KEY: 0000923666 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 212-888-3030 MAIL ADDRESS: STREET 1: C/O LEVY, HARKINS & CO., INC. STREET 2: 366 MADISON AVENUE, 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: METROPOLITAN HEALTH NETWORKS INC CENTRAL INDEX KEY: 0001009379 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011] IRS NUMBER: 650635748 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50358 FILM NUMBER: 081039306 BUSINESS ADDRESS: STREET 1: 250 AUSTRALIAN AVE STREET 2: SUITE 400 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 5618058500 MAIL ADDRESS: STREET 1: 250 AUSTRALIAN AVE STREET 2: SUITE 400 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 SC 13D/A 1 d74870_sc13d-a.txt AMENDMENT NO. 1 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.1)* Metropolitan Health Networks, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) - -------------------------------------------------------------------------------- (CUSIP Number) Norman H. Pessin 366 Madison Avenue-14th Floor New York, New York 10017 (212) 661-2670 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) 8/25/08 - -------------------------------------------------------------------------------- (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 which is the subject of the Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|. Check the following box if a fee is being paid with the statement |_|. (A fee is not required only if the reporting person: (has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.)(See Rule 13d-7). Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13-d(a) for other parties to whom copies are to be sent. Page 1 of 6 Pages *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 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). Page 2 of 6 Pages - -------------------------------------------------------------------------------- 1) Names of Reporting Persons, S.S or I.R.S. Identification Nos of Above Persons: a) SEP IRA F/B/O Norman H. Pessin ###-##-#### b) Sandra Pessin ###-##-#### c) Norman Pessin ###-##-#### - -------------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) N/A (b) N/A (c) N/A - -------------------------------------------------------------------------------- 3) SEC Use Only - -------------------------------------------------------------------------------- 4) Source of Funds (See Instructions) PF - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) of 2(e) - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: USA - -------------------------------------------------------------------------------- 7) Sole Voting Power: a) 2,140,534 b) 914,883 c) 185,000 Number of ------------------------------------------------------------- Shares 8) Shared Voting Power: ___________ Beneficially owned by each Reporting ------------------------------------------------------------- Person with 9) Sole Dispositive Power: a) 2,140,534 b) 914,883 c) 185,000 ------------------------------------------------------------- 10) Shared Dispositive Power: _____________ - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person a) 2,140,534 b) 914,883 c) 185,000 - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes certain shares: N/A - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): (a) 4.11% (b) 1.75% (c) 0.0035% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): SEP IRA and IN - -------------------------------------------------------------------------------- Page 3 of 6 Pages ITEM 1: IDENTITY AND BACKROUND 1) SEP IRA F/B/O 366 Madison Avenue-14th Floor New York, New York 10017 2) Sandra F. Pessin 366 Madison Avenue-14th Floor New York, New York 10017 3) Norman Pessin 366 Madison Avenue-14th Floor New York, New York 10017 Principal Occupation: 1) N.A. 2) Housewife 3) Retired Criminal convictions: 1) N.A. 2) None 3) None Civil proceedings: 1) N.A. 2) None 3) None Citizenship: 1) N.A. 2) United States 3)United States ITEM 3: SOURCE AND AMOUNT OF FUNDS SEP IRA F/B/O Norman H. Pessin purchased a total of 2,140,534 shares on the following dates, amounts and prices: Date Number of Shares Price per share 12/12/2003 25,400 0.660 12/15/2003 150,000 0.630 12/16/2003 25,000 0.595 12/29/2003 50,000 0.755 01/06/2004 1,258,372 0.685 03/24/2004 50,000 0.990 04/14/2004 6,500 0.980 04/16/2004 100,000 0.940 04/20/2004 69,500 0.940 04/21/2004 12,000 0.940 05/25/2004 25,000 0.870 06/25/2004 15,000 0.860 06/29/2004 10,000 0.860 03/03/2005 50,000 2.630 04/13/2007 25,000 1.951 05/29/2007 10,000 1.752 07/24/2007 25,000 1.840 04/14/2008 20,000 2.081 04/30/2008 14,862 2.180 05/06/2008 600 2.013 07/01/2008 50,000 1.750 07/02/2008 50,000 1.750 07/29/2008 23,300 2.126 07/31/2008 50,000 2.180 08/07/2008 25,000 2.031 TOTAL 2,140,534 The total amount paid for shares is $1,999,001 Sandra Pessin purchased a total of 914,883 shares on the following dates, amounts and prices: Date Number of Shares Price per share 11/19/2003 100,000 0.568 11/20/2003 120,000 0.573 11/21/2003 125,000 0.583 11/25/2003 40,000 0.645 12/01/2003 220,883 0.685 12/03/2003 40,000 0.705 12/04/2003 20,000 0.715 12/09/2003 24,000 0.685 12/10/2003 10,000 0.668 03/01/2007 50,000 2.250 03/02/2007 50,000 2.150 03/28/2007 50,000 2.100 04/26/2007 4,100 1.805 04/27/2007 10,900 1.801 06/24/2008 50,000 1.700 TOTAL 914,883 The total amount paid for is $878,261. Norman H. Pessin purchased a total of 185,000 shares on the following dates, amounts and prices: Date Number of Shares Price per share 05/18/2004 50,000 0.900 03/04/2008 50,000 2.397 03/10/2008 30,000 2.381 03/12/2008 20,000 2.300 03/14/2008 35,000 2.290 TOTAL 185,000 The total amount paid for shares is $362,462. Page 4 of 6 Pages ITEM 4: PURPOSE OF TRANSACTION The shares were purchased for investment. Each filer reserves the right to seek changes in the management of the issuer in the future or in its business. No such plans currently exist. ITEM 5: INTEREST IN SECURITIES OF THE ISSUER (a) SEP IRA F/B/O Norman H. Pessin owns 2,140,534 shares of the Issuer's Common Stock, constituting thereof. (b) SEP IRA F/B/O Norman H. Pessin has sole power of disposition over 2,140,534 shares and sole power to vote the 2,140,534 shares. (c) SEP IRA F/B/O Norman H. Pessin purchased 2,140,534 the shares in open market transactions. (d) Not Applicable (e) Not Applicable (a) Sandra F. Pessin owns 914,883 shares of the Issuer's Common Stock, constituting thereof. (b) Sandra F. Pessin has sole power of disposition over 914,883 shares and sole power to vote the 914,883 shares. (c) Sandra F. Pessin purchased the 914,883 shares in open market transactions. (d) Not Applicable (e) Not Applicable (a) Norman H. Pessin owns 185,000 shares of the Issuer's Common Stock, constituting thereof. (b) Norman H. Pessin has sole power of disposition over 185,000 shares and sole power to vote the 185,000 shares. (c) SEP IRA F/B/O Norman H. Pessin purchased 185,000 the shares in open market transactions. (d) Not Applicable (e) Not Applicable ITEM 6: CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO THE SECURITIES OF THE ISSUER. N/A ITEM 7. MATERIAL TO BE FILED AS EXHIBITS N/A Page 5 of 6 Pages 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. Signature: /s/ Norman H. Pessins ---------------------------------- SEP IRA F/B/O Norman H. Pessin Signature: /s/ Sandra F. Pessin ---------------------------------- Sandra F. Pessin Signature: /s/ Norman H. Pessin ---------------------------------- Norman H. Pessin August 25, 2008 Page 6 of 6 Pages -----END PRIVACY-ENHANCED MESSAGE-----