-----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, UuPBhiwTFlbf4oqCkkQNXTa6Dy4u4+HVgZPx+9pBaxKuF9vb1frFSAxouLCGecHo nFyBcjKtfP3KCJaWNAGtkA== 0001072613-11-000222.txt : 20110214 0001072613-11-000222.hdr.sgml : 20110214 20110214153400 ACCESSION NUMBER: 0001072613-11-000222 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110214 DATE AS OF CHANGE: 20110214 GROUP MEMBERS: GE ASSET MANAGEMENT INC. GROUP MEMBERS: GENERAL ELECTRIC COMPANY FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRUSTEES OF GENERAL ELECTRIC PENSION TRUST CENTRAL INDEX KEY: 0000902967 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: 3003 SUMMER STREET STREET 2: P O BOX 7900 CITY: STAMFORD STATE: CT ZIP: 06904-7900 BUSINESS PHONE: 2033262300 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEUROLOGIX INC/DE CENTRAL INDEX KEY: 0000356591 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 061582875 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-58713 FILM NUMBER: 11607084 BUSINESS ADDRESS: STREET 1: ONE BRIDGE PLAZA CITY: FORT LEE STATE: NJ ZIP: 07024 BUSINESS PHONE: 201-592-6451 MAIL ADDRESS: STREET 1: ONE BRIDGE PLAZA CITY: FORT LEE STATE: NJ ZIP: 07024 FORMER COMPANY: FORMER CONFORMED NAME: CHANGE TECHNOLOGY PARTNERS INC DATE OF NAME CHANGE: 20000907 FORMER COMPANY: FORMER CONFORMED NAME: ARINCO COMPUTER SYSTEMS INC DATE OF NAME CHANGE: 19920703 SC 13G/A 1 sch13g-a_17034.htm NEUROLOGIX Unassociated Document


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G/A
 
 
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
 
 

 
Neurologix, Inc.
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
64125U109
(CUSIP Number)
 
December 6, 2010
(Date of Event Which Requires Filing of this Statement)
 
 
 
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
x      Rule 13d-1(b)
 
o      Rule 13d-1(c)
 
o      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 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).
 


 
 
 
CUSIP No. 64125U109
SCHEDULE 13G/A
Page 2 of 9
 
           
1   NAMES OF REPORTING PERSONS:

General Electric Pension Trust
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  New York
       
  5   SOLE VOTING POWER:
     
NUMBER OF
  0
       
SHARES
6   SHARED VOTING POWER:
BENEFICIALLY
   
OWNED BY
  14,262,191
       
EACH
7   SOLE DISPOSITIVE POWER:
REPORTING
   
PERSON
  0
       
WITH:
8   SHARED DISPOSITIVE POWER:
     
    14,262,191
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  14,262,191
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  33.9%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  EP
 

 
Page 2 of 9

 
CUSIP No. 64125U109
SCHEDULE 13G/A 
Page 3 of 9
 
           
1   NAMES OF REPORTING PERSONS:

GE Asset Management Incorporated, as Investment Manager of General Electric Pension Trust
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  5   SOLE VOTING POWER:
     
NUMBER OF
  0
       
SHARES
6   SHARED VOTING POWER:
BENEFICIALLY
   
OWNED BY
  14,262,191
       
EACH
7   SOLE DISPOSITIVE POWER:
REPORTING
   
PERSON
  0
       
WITH:
8   SHARED DISPOSITIVE POWER:
     
    14,262,191
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  14,262,191
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  33.9%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IA
 

 
Page 3 of 9

 
CUSIP No. 64125U109
SCHEDULE 13G/A 
Page 4 of 9
 
           
1   NAMES OF REPORTING PERSONS:

General Electric Company
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  New York
       
  5   SOLE VOTING POWER:
     
NUMBER OF
  0
       
SHARES
6   SHARED VOTING POWER:
BENEFICIALLY
   
OWNED BY
  Disclaimed
       
EACH
7   SOLE DISPOSITIVE POWER:
REPORTING
   
PERSON
  0
       
WITH:
8   SHARED DISPOSITIVE POWER:
     
    Disclaimed
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  Disclaimed
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  Disclaimed
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  HC
 

 
Page 4 of 9

 
CUSIP No. 64125U109
SCHEDULE 13G/A 
Page 5 of 9
 
 
Item 1.                    (a) Name of Issuer:  Neurologix, Inc.

(b) Address of Issuer’s Principal Executive Offices:
 
                                 One Bridge Plaza
                                 Fort Lee, New Jersey 07024


Item 2.                    (a) Name of Persons Filing:

General Electric Pension Trust (“GEPT”), GE Asset Management Incorporated (“GEAM”) which is the investment manager of GEPT and a wholly-owned subsidiary of GE (as defined below), and General Electric Company (“GE”).  GEAM shares voting and dispositive power over the securities owned by GEPT and may be deemed to be the beneficial owner of the securities owned by GEPT for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended.  GE expressly disclaims any voting and dispositive power over the securities owned by GEPT.  The persons named in this paragraph are referred to individually herein as a “Reporting Person” and collectively as “Reporting Persons”.

(b) Address of Principal Business Office or, if None, Residence:

3001 Summer Street
Stamford, CT 06905*

3135 Easton Turnpike
Fairfield, CT 06828**

*    For GEPT and GEAM.
**  For GE.

(c) Citizenship: U.S.A.

(d) Title of Class of Securities:

Common Stock, par value $0.001 per share (“Common Stock”)

(e) CUSIP Number:

Common Stock: 64125U109


Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a*:
 
(a) [   ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [   ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [   ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 
 

 
CUSIP No. 64125U109
SCHEDULE 13G/A 
Page 6 of 9
 
 
 
(d) [   ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

(e) [X] An investment adviser in accordance with §240.13d- 1(b)(1)(ii)(E);
 
(f) [X] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g) [X] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
(h) [   ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [   ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [   ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).
 

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: __________

*  GEAM is filing as an investment adviser in accordance with §240.13d- 1(b)(1)(ii)(E), GEPT is filing as an employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F) and GE is filing as a parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).


Item 4.                   Ownership.

GEPT is the direct beneficial owner of 93,940 shares of Series C Convertible Preferred Stock (the “Series C Stock”), 306,327 shares of Series D Convertible Preferred Stock (the “Series D Stock”) and Warrants (the “Warrants”) to purchase 2,951,706 shares of Common Stock of the Issuer.  Each share of Series C Stock is currently convertible, at the option of the holder, into that number of shares of Common Stock found by dividing 35 by 1.59 (approximately 22.013 shares).  Each share of Series D Stock is currently convertible, at the option of the holder, into that number of shares of Common Stock found by dividing 35 by 1.16 (approximately 30.172 shares).  Warrants to purchase 1,077,586 shares of Common Stock are currently exercisable at an exercise price of $1.39 per share, Warrants to purchase 1,179,676 shares of Common Stock are currently exercisable at an exercise price of $1.75 per share, and Warrants to purchase 694,444 shares of Common Stock are currently exercisable at an exercise price of $1.44 per share.  The conversion and exercise prices of these securities are subject to adjustment for certain issuances by the Issuer, stock dividends, recombinations and the like.  GEAM is a registered investment adviser and acts as investment manager of GEPT.  GEAM shares voting and dispositive power over the securities owned by GEPT and may be deemed to be the beneficial owner of the securities owned by GEPT.  Thus, GEAM may be deemed
 
 
 

 
CUSIP No. 64125U109
SCHEDULE 13G/A 
Page 7 of 9
 
 
to be the direct beneficial owner of 14,262,191 shares of Common Stock, assuming (i) conversion of the Series C Stock into 2,067,861 shares of Common Stock, (ii) conversion of the Series D Stock into 9,242,624 shares of Common Stock and (iii) exercise of the Warrants to purchase 2,951,706 shares of Common Stock.  GE, as the direct parent of GEAM, expressly disclaims any voting and dispositive power over the securities owned by GEPT.

(a)           Amount beneficially owned:  14,262,191*

(b)           Percent of class:  33.9%

(c)           Number of shares as to which such person has:

(i)           Sole power to vote or to direct the vote:  0

(ii)           Shared power to vote or to direct the vote:  14,262,191

(iii)           Sole power to dispose or to direct the disposition of:  0

(iv)           Shared power to dispose or to direct the disposition of:  14,262,191

* GE expressly disclaims beneficial ownership.


Item 5.                   Ownership of Five Percent or Less of a Class.

Not applicable.

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 [  ].
 
 
Not applicable.


Item 6.                   Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.


Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

GEAM is a direct subsidiary of GE.


Item 8.                   Identification and Classification of Members of the Group.

Not applicable.

 
 

 
CUSIP No. 64125U109
SCHEDULE 13G/A 
Page 8 of 9
 
 
 

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 acquired and are held in the ordinary course of business and 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.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
CUSIP No. 64125U109
SCHEDULE 13G/A 
Page 9 of 9
 
 
 
 
 
 
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.

Date:       February 14, 2011


GENERAL ELECTRIC PENSION TRUST
By:  GE Asset Management Incorporated,
        its Investment Manager

By: /s/ Daniel L. Furman                              
       Name: Daniel L. Furman
       Title: Vice President


GE ASSET MANAGEMENT INCORPORATED

By: /s/ Daniel L. Furman                              
       Name: Daniel L. Furman
       Title: Vice President


GENERAL ELECTRIC COMPANY

By: /s/ James W. Ireland                               
       Name: James W. Ireland
       Title: Vice President

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