0000899140-05-000093.txt : 20120705 0000899140-05-000093.hdr.sgml : 20120704 20050204171804 ACCESSION NUMBER: 0000899140-05-000093 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050204 DATE AS OF CHANGE: 20050204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CUMBERLAND ASSOCIATES LLC CENTRAL INDEX KEY: 0000351262 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1114 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2125750900 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MILESTONE SCIENTIFIC INC/NJ CENTRAL INDEX KEY: 0000855683 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 133545623 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51555 FILM NUMBER: 05578095 BUSINESS ADDRESS: STREET 1: 220 S ORANGE AVE STREET 2: LIVINGSTON CORPORATE PARK CITY: LIVINGSTON STATE: NJ ZIP: 07039 BUSINESS PHONE: 2013793171 MAIL ADDRESS: STREET 1: 44 KEAN ROAD STREET 2: 220 SOUTH ORANGE AVE CITY: LIVINGSTON STATE: NJ ZIP: 07039 FORMER COMPANY: FORMER CONFORMED NAME: U S OPPORTUNITY SEARCH INC DATE OF NAME CHANGE: 19920703 SC 13G/A 1 c1336350b.txt AMENDMENT NO. 2 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.2)* MILESTONE SCIENTIFIC INC. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.001 par value per share -------------------------------------------------------------------------------- (Title of Class of Securities) 59935P209 --------- (CUSIP Number) January 31, 2005 ---------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] 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 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). Page 1 of 6 pages ----------------------------------- ------------------------------ CUSIP No. 59935P209 13G Page 2 of 6 Pages ----------------------------------- ------------------------------ ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Cumberland Associates LLC ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] ---------- --------------------------------------------------------------------- 3 SEC USE ONLY ---------- --------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION New York -------------------- ------ ---------------------------------------------------- 5 SOLE VOTING POWER 480,000 ------ ---------------------------------------------------- NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 0 OWNED BY EACH ----- ---------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 480,000 ------ ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 480,000 ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.9% ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO, IA ---------- --------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 2 of 6 pages Item 1(a) Name of Issuer: --------------- Milestone Scientific Inc. (the "Issuer") Item 1(b) Address of Issuer's Principal Executive Offices: ------------------------------------------------ 220 South Orange Avenue Livingston, New Jersey 07039 Items 2(a) Name of Person Filing: ---------------------- This statement is being filed by Cumberland Associates LLC. Cumberland Associates LLC is a limited liability company organized under the laws of the State of New York, and is engaged in the business of managing, on a discretionary basis, eight securities accounts, the principal one of which is Cumberland Partners. Two of these accounts hold Shares (the "Accounts"). Gary Tynes, Bruce G. Wilcox, Andrew M. Wallach, Lawrence M. Rifkin and Jeffrey E. Eberwein are the members (the "Members") of Cumberland Associates LLC. Item 2(b) Address of Principal Business Office: ------------------------------------- The address of the principal business and office of Cumberland Associates LLC and each of the Members is: 1114 Avenue of the Americas New York, New York 10036 Item 2(c) Citizenship: ------------ Cumberland Associates LLC is a New York limited liability company. Each of the Members is a citizen of the United States. Item 2(d) Title of Class of Securities: ----------------------------- Common Stock, par value $.001 per share (the "Shares") Item 2(e) CUSIP Numbers: -------------- 59935P209 Item 3 Not Applicable Page 3 of 6 pages Item 4. Ownership: --------- Item 4(a) Amount Beneficially Owned: -------------------------- As of the date hereof, Cumberland Associates LLC may be deemed the beneficial owner of 480,000 Shares. Item 4(b) Percent of Class: ----------------- The number of Shares of which Cumberland Associates LLC may be deemed to be the beneficial owner constitutes approximately 4.9% of outstanding Shares, based upon a total 9,701,343 Shares outstanding as of November 4, 2004 as reported in the Company's quarterly report on Form 10-Q for the quarter ended September 30, 2004. Item 4(c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 480,000 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 480,000 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5 Ownership of Five Percent or Less of a Class: -------------------------------------------- If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X]. Item 6 Ownership of More than Five Percent on Behalf of Another -------------------------------------------------------- Person: -------------------------------------------------------- The beneficial owners of the Accounts have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for each Account in accordance with their ownership interests in each such Account. Page 4 of 6 pages Item 7 Identification and Classification of the ---------------------------------------- Subsidiary Which Acquired the Security Being -------------------------------------------- Reported on By the Parent Holding Company: ------------------------------------------ Not Applicable Item 8 Identification and Classification of Members of the Group: --------------------------------------------------------- Not Applicable Item 9 Notice of Dissolution of 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. Page 5 of 6 pages 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: February 4, 2005 CUMBERLAND ASSOCIATES LLC By: /s/ Bruce G. Wilcox ----------------------------- Name: Bruce G. Wilcox Title: Member Page 6 of 6 pages