SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
TONIX PHARMACEUTICALS HOLDING CORP.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
(Title of Class of Securities)
890260 201
(CUSIP Number)
Marc J. Ross, Esq.
James M. Turner, Esq.
Sichenzia Ross Friedman Ference LLP
61 Broadway, 32nd Floor,
New York, NY 10006
Tel: (212) 930-9700
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 9, 2015
(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 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 ¨.
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.
______________
1 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. 890260 201 | 13D | Page 2 of 11 Pages |
1
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NAME OF REPORTING PERSONS
Seth Lederman
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ¨ (b) ¨
|
3
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SEC USE ONLY
|
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
PF
|
5
|
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
|
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
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SOLE VOTING POWER
617,395
|
8
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SHARED VOTING POWER 45,124
| |
9
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SOLE DISPOSITIVE POWER 617,395 | |
10
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SHARED DISPOSITIVE POWER 45,124
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
662,519
|
12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.2% (1)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN
|
(1) | This percentage is calculated based upon 15,705,220 shares of the Issuer’s common stock outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015. |
CUSIP No. 890260 201 | 13D | Page 3 of 14 Pages |
1
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NAME OF REPORTING PERSONS
Lederman & Co., LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ¨ (b) ¨
|
3
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SEC USE ONLY
|
4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
|
5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
|
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
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SOLE VOTING POWER 289,128
|
8
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SHARED VOTING POWER 0
| |
9
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SOLE DISPOSITIVE POWER 289,128
| |
10
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SHARED DISPOSITIVE POWER 0
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 289,128
|
12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% (1)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO
|
(1) | This percentage is calculated based upon 15,705,220 shares of the Issuer’s common stock outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015. |
CUSIP No. 890260 201 | 13D | Page 4 of 11 Pages |
1
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NAME OF REPORTING PERSONS
L&L Technologies, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ¨ (b) ¨
|
3
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SEC USE ONLY
|
4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
|
5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
|
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
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SOLE VOTING POWER 45,124
|
8
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SHARED VOTING POWER 0
| |
9
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SOLE DISPOSITIVE POWER 45,124
| |
10
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SHARED DISPOSITIVE POWER 0
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 45,124
|
12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% (1)
|
14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO
|
(1) | This percentage is calculated based upon 15,705,220 shares of the Issuer’s common stock outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015. |
CUSIP No. 890260 201 | 13D | Page 5 of 11 Pages |
1
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NAME OF REPORTING PERSONS
Targent Pharmaceuticals, LLC
|
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ¨ (b) ¨
|
3
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SEC USE ONLY
|
4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
|
5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
|
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
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SOLE VOTING POWER 67,222 |
8
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SHARED VOTING POWER 0
| |
9
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SOLE DISPOSITIVE POWER 67,222 | |
10
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SHARED DISPOSITIVE POWER 0
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 67,222
|
12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% (1)
|
14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO
|
(1) | This percentage is calculated based upon 15,705,220 shares of the Issuer’s common stock outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015. |
CUSIP No. 890260 201 | 13D | Page 6 of 11 Pages |
1
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NAME OF REPORTING PERSONS
Leder Laboratories, Inc.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ¨ (b) ¨
|
3
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SEC USE ONLY
|
4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
|
5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
|
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
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SOLE VOTING POWER 33,334
|
8
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SHARED VOTING POWER 0
| |
9
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SOLE DISPOSITIVE POWER 33,334 | |
10
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SHARED DISPOSITIVE POWER 0
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 33,334
|
12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% (1)
|
14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO
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(1) | This percentage is calculated based upon 15,705,220 shares of the Issuer’s common stock outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015. |
CUSIP No. 890260 201 | 13D | Page 7 of 11 Pages |
1
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NAME OF REPORTING PERSONS
Starling Pharmaceuticals, Inc.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ¨ (b) ¨
|
3
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SEC USE ONLY
|
4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
AF
|
5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
|
6
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7
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SOLE VOTING POWER 33,334
|
8
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SHARED VOTING POWER 0
| |
9
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SOLE DISPOSITIVE POWER 33,334
| |
10
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SHARED DISPOSITIVE POWER 0
|
11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 33,334
|
12
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
|
13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% (1)
|
14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO
|
(1) | This percentage is calculated based upon 15,705,220 shares of the Issuer’s common stock outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015. |
CUSIP No. 890260 201 | 13D | Page 8 of 11 Pages |
Item 1. Security and Issuer.
This Amendment No. 2 to Schedule 13D (this “Amendment”) relates to the common stock, par value $.001 per share (the “Shares”) of Tonix Pharmaceuticals Holding Corp., a Nevada Corporation (the “Issuer”). This Statement amends the Schedule 13D, filed on May 23, 2013, as amended on August 15, 2013 (the “Statement”) by the Reporting Persons (as defined herein). This Amendment is being filed by the Reporting Persons to report that, as a result of recent transactions in the Shares, the total shares beneficial ownership by the Reporting Persons has increased but the percentage of beneficial ownership by the Reporting Persons has decreased by more than one percent of the outstanding Shares of the Issuer. In addition, the Reporting Persons ceased to be the beneficial owners of more than five percent of the Shares outstanding.
Item 2. Identity and Background.
No material change.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Statement is hereby amended by adding the following:
February 2015 Purchase
On February 9, 2015, Dr. Lederman purchased 5,000 Shares at a price of $5.85 per Share in connection with an underwritten public offering by the Issuer.
Item 4. Purpose of Transaction.
No material change.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Statement is hereby replaced in its entirety with the following:
Dr. Lederman beneficially owns 662,519 Shares, comprised of (i) 55,074 Shares owned by Dr. Lederman, (ii) 11,765 Shares issuable to Dr. Lederman upon exercise of warrants that are currently exercisable, (iii) 177,538 Shares issuable to Dr. Lederman upon exercise of options that are vested or will vest within 60 days of this Statement of Beneficial Ownership on Schedule 13D, (iv) 184,628 Shares owned by Lederman & Co, (v) 54,500 Shares issuable to Lederman & Co upon exercise of warrants that are currently exercisable, (vi) 32,457 Shares owned by L&L Technologies, (vii) 12,667 Shares issuable to L&L Technologies upon exercise of warrants that are currently exercisable, (viii) 58,972 Shares owned by Targent Pharmaceuticals, (ix) 8,250 Shares issuable to Targent Pharmaceuticals upon exercise of warrants that are currently exercisable, (x) 29,167 Shares owned by Leder Laboratories, (xi) 4,167 Shares issuable to Leder Laboratories upon exercise of warrants that are currently exercisable, (xii) 29,167 Shares owned by Starling Pharmaceuticals, and (xiii) 4,167 Shares issuable to Starling Pharmaceuticals upon exercise of warrants that are currently exercisable. Dr. Lederman is the Managing Member of Lederman & Co and Targent Pharmaceuticals, the Manager of L&L Technologies and the Chairman of Leder Laboratories and Starling Pharmaceuticals. Based upon 15,705,220 Shares of the Issuer outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015, the Shares beneficially owned by Dr. Lederman constitute approximately 4.2% of the Shares of the Issuer as calculated in accordance with Rule 13d-3(d)(1).
CUSIP No. 890260 201 | 13D | Page 9 of 11 Pages |
Lederman & Co beneficially owns 239,128 Shares, comprised of (i) 184,628 Shares owned by Lederman & Co and (ii) 54,500 Shares issuable to Lederman & Co upon exercise of warrants that are currently exercisable. Based upon 15,705,220 Shares of the Issuer outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015, the Shares beneficially owned by Lederman and Co constitute approximately 1.5% of the Shares of the Issuer as calculated in accordance with Rule 13d-3(d)(1).
L&L Technologies beneficially owns 34,124 Shares, comprised of (i) 32,457 Shares owned by L&L Technologies and (ii) 24,334 Shares issuable to L&L Technologies upon exercise of warrants that are currently exercisable. Based upon 15,705,220 Shares of the Issuer outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015, the Shares beneficially owned by L&L Technologies constitute approximately 0.3% of the Shares of the Issuer as calculated in accordance with Rule 13d-3(d)(1).
Targent Pharmaceuticals beneficially owns 67,222 Shares, comprised of (i) 58,972 Shares owned by Targent Pharmaceuticals and (ii) 8,250 Shares issuable to Targent Pharmaceuticals upon exercise of warrants that are currently exercisable. Based upon 15,705,220 Shares of the Issuer outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015, the Shares beneficially owned by Targent Pharmaceuticals constitute approximately 0.4% of the Shares of the Issuer as calculated in accordance with Rule 13d-3(d)(1).
Leder Laboratories beneficially owns 33,334 Shares, comprised of (i) 29,167 Shares owned by Leder Laboratories and (ii) 4,167 Shares issuable to Leder Laboratories upon exercise of warrants that are currently exercisable. Based upon 15,705,220 Shares of the Issuer outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015, the Shares beneficially owned by Leder Laboratories constitute approximately 0.2% of the Shares of the Issuer as calculated in accordance with Rule 13d-3(d)(1).
Starling Pharmaceuticals beneficially owns 33,334 Shares, comprised of (i) 29,167 Shares owned by Starling Pharmaceuticals, and (ii) 4,167 Shares issuable to Starling Pharmaceuticals upon exercise of warrants that are currently exercisable. Based upon 15,705,220 Shares of the Issuer outstanding (as of February 9, 2015 upon the closing of an underwritten offering), as set forth in the Issuer’s prospectus filed pursuant to Section 424(b)(5) as filed with the Securities and Exchange Commission on February 5, 2015, the Shares beneficially owned by Starling Pharmaceuticals constitute approximately 0.2% of the Shares of the Issuer as calculated in accordance with Rule 13d-3(d)(1).
CUSIP No. 890260 201 | 13D | Page 10 of 11 Pages |
The following table sets forth the number of shares of common stock as to which the Reporting Persons have (i) the sole power to vote or direct the voting of the shares, (ii) the sole power to dispose or to direct the disposition of the shares or (iii) shared power to vote or direct the vote or dispose or direct disposition of the shares:
Reporting Person | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | ||||||||||||
Dr. Lederman | 617,395 | 45,124 | 617,395 | 45,124 | ||||||||||||
Lederman & Co | 239,128 | 0 | 239,128 | 0 | ||||||||||||
L&L Technologies | 0 | 45,124 | 0 | 45,124 | ||||||||||||
Targent Pharmaceuticals | 67,222 | 0 | 67,222 | 0 | ||||||||||||
Leder Laboratories | 33,334 | 0 | 33,334 | 0 | ||||||||||||
Starling Pharmaceuticals | 33,334 | 0 | 33,334 | 0 |
The voting power and the dispositive power of the shares beneficially owned by L&L Technologies are shared with Dr. Donald Landry, another director of the Issuer.
Except as set out above, the Reporting Persons have not effected any other transactions in any securities of the Issuer in the past 60 days.
Effective February 9, 2015, the Reporting Persons ceased to be the beneficial owners of more than five percent of the Shares outstanding.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
No material change.
Item 7. Material to be Filed as Exhibits.
No material change.
CUSIP No. 890260 201 | 13D | Page 11 of 11 Pages |
SIGNATURES
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 accurate.
Dated as of February 10, 2015
LEDERMAN & CO., LLC | |||
By: | /s/ SETH LEDERMAN | ||
Name: | Seth Lederman | ||
Title: | Managing Member | ||
L&L TECHNOLOGIES, LLC | |||
By: | /s/ SETH LEDERMAN | ||
Name: | Seth Lederman | ||
Title: | Member | ||
TARGENT PHARMACEUTICALS, LLC | |||
By: | /s/ SETH LEDERMAN | ||
Name: | Seth Lederman | ||
Title: | Managing Member | ||
LEDER LABORATORIES, INC. | |||
By: | /s/ SETH LEDERMAN | ||
Name: | Seth Lederman | ||
Title: | Chairman | ||
STARLING PHARMACEUTICALS, INC. | |||
By: | /s/ SETH LEDERMAN | ||
Name: | Seth Lederman | ||
Title: | Chairman | ||
/s/ SETH LEDERMAN | |||
Seth Lederman |