SC 13D/A 1 v364947_sc13d-a.htm AMENDMENT NO. 18 TO SCHEDULE 13D

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13D

 

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

(Amendment No. 18)*

 

 

MEDPRO SAFETY PRODUCTS, INC.

(Name of Issuer)

 

Common Stock, par value $0.001 per share

(Title of Class of Securities)

 

58504M100

(CUSIP Number)

 

Vision Capital Advisors, LLC

20 West 55th Street, 5th Floor

New York, NY 10019

Attention: James Murray

 

Tel: 212.849.8237

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

December 24, 2013

(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box x.

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) 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 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.: 58504M100

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Adam Benowitz

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

AF

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6.CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 0

 

8 SHARED VOTING POWER - 32,615,259 *

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - 32,615,259 *

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

32,615,259 *

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

74.9%*

 

14TYPE OF REPORTING PERSON

 

IN

 

* As of January 8, 2014 (the date of filing of this Schedule 13D/A).


 
 

 

 

CUSIP No.: 58504M100

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Carl Kleidman

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

OO

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6.CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 100,000*

 

8 SHARED VOTING POWER - 0

 

9 SOLE DISPOSITIVE POWER - 100,000*

 

10 SHARED DISPOSITIVE POWER - 0

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

100,000*

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.3%*

 

14TYPE OF REPORTING PERSON

 

IN

 

* As of January 8, 2014 (the date of filing of this Schedule 13D/A).

 

 
 

 

CUSIP No.: 58504M100

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Andrew Merkatz

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

N/A

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6.CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 0

 

8 SHARED VOTING POWER - 0

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - 0

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.0%*

 

14TYPE OF REPORTING PERSON

 

IN

 

* All numbers are as of January 8, 2014 (the date of filing of this Schedule 13D/A).

 

 
 

 

CUSIP No.: 58504M100

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Vision Capital Advisors, LLC

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

AF

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 0

 

8 SHARED VOTING POWER - 32,615,259 *

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - 32,615,259 *

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

32,615,259 *

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

74.9%*

 

14TYPE OF REPORTING PERSON

 

IA

 

* As of January 8, 2014 (the date of filing of this Schedule 13D/A).

 
 

 

 

CUSIP No.: 58504M100

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Vision Opportunity Master Fund, Ltd.

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

WC

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨

 

 

6CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH

7 SOLE VOTING POWER - 0

 

8 SHARED VOTING POWER - See Item 5

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - See Item 5

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

See Item 5

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

See Item 5

 

14TYPE OF REPORTING PERSON

 

CO

 

 
 

CUSIP No.: 58504M100

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Vision Capital Advantage Fund, L.P.

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

WC

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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 - 0

 

8 SHARED VOTING POWER - See Item 5

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - See Item 5

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

See Item 5

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

See Item 5

 

14TYPE OF REPORTING PERSON

 

PN

 
 

CUSIP No.: 58504M100

 

1NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

VCAF GP, LLC

 

2CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

 

3SEC USE ONLY

 

 

4SOURCE OF FUNDS

 

AF

 

5CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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 - 0

 

8 SHARED VOTING POWER - See Item 5

 

9 SOLE DISPOSITIVE POWER - 0

 

10 SHARED DISPOSITIVE POWER - See Item 5

 

11AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

See Item 5

 

12CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨

 

 

13PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

See Item 5

 

14TYPE OF REPORTING PERSON

 

OO

 

 
 

 

EXPLANATORY NOTE

 

This Amendment No. 18 to Schedule 13D (this “Amendment No. 18”) is being filed with respect to the beneficial ownership of common stock, par value $0.001 per share (the “Common Stock”), of MedPro Safety Products, Inc., a Delaware corporation (the “Company” or the “Issuer”). This Amendment No. 18 supplements Item 4 of the Schedule 13D originally filed on August 13, 2010 (as amended to date).

  

ITEM 4. Purpose of Transaction.

 

On December 24, 2013 the Issuer entered into an Amendment to Maturity Date of Series D Senior Secured Promissory Note (the “Series D Note”) with the Master Fund. The Master Fund extended the Maturity Date of the Series D Note to March 31, 2014 and as consideration the Issuer agreed to an increased interest rate of 15% per annum. The Issuer also granted the Master Fund the right to appoint a member to the Issuer’s board of directors while there remains outstanding principal on the Series D Note.

 

 

 

 

 

 

 
 

 

 

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: January 8, 2014

 

ADAM BENOWITZ

VISION CAPITAL ADVISORS, LLC

VISION OPPORTUNITY MASTER FUND, LTD.

VISION CAPITAL ADVANTAGE FUND, L.P.

VCAF GP, LLC

 

By:         /s/ Adam Benowitz                                  

Adam Benowitz, for himself, as Managing Member of the Investment Manager, as a Director of the Master Fund, and as authorized signatory of the General Partner (for itself and VCAF)

 

 

         /s/ Carl Kleidman                                           

Carl Kleidman

 

 

       /s/ Andrew Merkatz                                        

Andrew Merkatz