X0202 4 2007-11-13 0 0001168220 ULURU INC. ULUR 0001218321 OSS CAPITAL MANAGEMENT 598 MADISON AVENUE NEW YORK NY 10022 0 0 1 0 Common Stock, $.001 Par Value 2007-11-13 4 P 0 11100 3.02 A 11687415 I See footnotes This Form 4 is being filed to report that O.S.S. Capital Management LP, a Delaware limited partnership (the "Investment Manager"), Schafer Brothers LLC, a Delaware limited liability company (the "SB LLC") and Mr. Oscar S. Schafer ("Mr. Schafer", collectively with the Investment Manager and SB LLC, the "Reporting Persons") purchased an additional 11,100 shares of ULURU Inc. (the "Issuer") common shares on November 13, 2007. The Reporting Persons have investment discretion with respect to shares of common stock held by a Cayman Islands exempted company, two Delaware limited partnerships and a separately managed account which is held for the benefit of a third party as more fully described in: (i) the Form 3 filed on December 15, 2006 (Accession Number: 0000902664-06-002734); (ii) the Form 4 filed on April 4, 2007 (Accession Number: 0000902664-07-001397); (iii) the Form 4 filed on April 16, 2007 (Accession Number: 0000902664-07-001470); and (iv) the Form 4 filed on June 20, 2007 (Accession Number: 0000902664-07-002003). Each of the Investment Manager, SB LLC and Mr. Schafer may be deemed to beneficially own 11,687,415 shares of common stock which represents approximately 18.7% of the outstanding shares of common stock. Each of the Investment Manager, SB LLC, and Mr. Schafer disclaims beneficial ownership of the securities included in this report and this report shall not be deemed an admission that either the Investment Manager, SB LLC, or Mr. Schafer is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. /s/ Oscar S. Schafer 2007-11-14