SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)*
Aastrom Biosciences, Inc.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
00253U107
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(CUSIP Number)
December 31, 2004
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(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 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).
SCHEDULE 13G
CUSIP NO. 00253U107 Page 2 of 7
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Cranshire Capital, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF 5 SOLE VOTING POWER
SHARES N/A
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY N/A
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING N/A
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PERSON 8 SHARED DISPOSITIVE POWER
WITH N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
N/A
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
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12 TYPE OF REPORTING PERSON
PN
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SCHEDULE 13G
CUSIP NO. 00253U107 Page 3 of 7
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Downsview Capital, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
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NUMBER OF 5 SOLE VOTING POWER
SHARES N/A
--------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY N/A
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING N/A
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PERSON 8 SHARED DISPOSITIVE POWER
WITH N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
N/A
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
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12 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13G
CUSIP NO. 00253U107 Page 4 of 7
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
Mitchell P. Kopin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF 5 SOLE VOTING POWER
SHARES N/A
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY N/A
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING N/A
--------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
N/A
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 5%
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12 TYPE OF REPORTING PERSON
IN
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SCHEDULE 13G CUSIP NO. 00253U107 5 of 7
Item 1(a). Name of Issuer:
Aastrom Biosciences, Inc., a Michigan corporation (the "Issuer")
Item 1(b). Address of Issuer's Principal Executive Offices:
24 Frank Lloyd Wright Dr.
PO Box 376
Ann Arbor, Michigan 48106
Items 2(a), Name of Persons Filing, Address of Principal Business
(b) and (c). Office and Citizenship:
This Amendment No. 1 to Schedule 13G is being filed on behalf of
(i) Cranshire Capital, L.P., an Illinois limited partnership
("Cranshire"), (ii) Downsview Capital, Inc., an Illinois
corporation ("Downsview") and (iii) Mitchell P. Kopin, an
individual who is a citizen of the U.S.A. ("Kopin," together with
Cranshire and Downsview, the "Reporting Persons").
The Reporting Persons have entered into a Joint Filing Agreement,
a copy of which is filed with this Amendment No. 1 to Schedule
13G as Exhibit 1, pursuant to which the Reporting Persons have
agreed to file this Schedule 13G jointly in accordance with the
provisions of Rule 13d-1(k) of the Securities Exchange Act of
1934, as amended.
The principal business office of each of the Reporting Persons is
666 Dundee Road, Suite 1901, Northbrook, Illinois, 60062.
Item 2(d). Title of Class of Securities:
Common Stock, no par value, of the Issuer (the "Common Stock")
Item 2(e). CUSIP Number:
00253U107
Item 3. Not applicable.
Item 4. Ownership.
(a) Amount beneficially owned:
N/A
(b) Percent of class:
Less than 5%
SCHEDULE 13G
CUSIP NO. 00253U107 Page 6 of 7
(c) Number of shares to which such persons has:
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(i) Sole power to vote or direct the vote: N/A
(ii) Shared power to vote or direct the vote: N/A
(iii)Sole power to dispose or to direct the disposition of:
N/A
(iv) Shared power to dispose of or direct the disposition
of: N/A
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 persons have 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.
N/A
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported By the Parent
Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of a Group.
N/A
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.
SCHEDULE 13G
CUSIP NO. 00253U107 Page 7 of 7
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
CRANSHIRE CAPITAL, L.P.
By: Downsview Capital, Inc.,
its general partner
By:/s/ Mitchell P. Kopin
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Mitchell P. Kopin, President
DOWNSVIEW CAPITAL, INC.
By:/s/ Mitchell P. Kopin
------------------------------
Mitchell P. Kopin, President
/s/ Mitchell P. Kopin
---------------------------------
Mitchell P. Kopin
SCHEDULE 13G
CUSIP NO. 00253U107
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934,
as amended, the undersigned agree to the joint filing on behalf of each of them
of a statement on Schedule 13G (including amendments thereto) with respect to
certain shares of Common Stock, no par value of Aastrom Biosciences, Inc., and
further agree that this Joint Filing Agreement shall be included as an exhibit
to such joint filings.
The undersigned further agree that each party hereto is responsible for the
timely filing of such Schedule 13G and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein; provided, however, that no party is responsible for the completeness or
accuracy of the information concerning any other party making the filing, unless
such party knows or has reason to believe that such information is inaccurate.
IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement
on February 4, 2005.
CRANSHIRE CAPITAL, L.P.
By: Downsview Capital, Inc.,
its general partner
By:/s/ Mitchell P. Kopin
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Mitchell P. Kopin, President
DOWNSVIEW CAPITAL, INC.
By:/s/ Mitchell P. Kopin
-------------------------------
Mitchell P. Kopin, President
/s/ Mitchell P. Kopin
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Mitchell P. Kopin