SEC Filing | Vericel Corporation

View:

SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Eastern Capital LTD

(Last)

(First)

(Middle)

P. O. BOX 31363

(Street)

GRAND CAYMAN

KY1-1206

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AASTROM BIOSCIENCES INC [ ASTM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2014

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/09/2014		O		362,500⁽¹⁾	A	$4.8	787,489	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant (right to buy)	$4.8	07/09/2014		O			362,500⁽¹⁾	08/16/2013	08/16/2018	Common Stock	362,500	⁽¹⁾	0	D

1. Name and Address of Reporting Person^*

Eastern Capital LTD

(Last)

(First)

(Middle)

P. O. BOX 31363

(Street)

GRAND CAYMAN

KY1-1206

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Portfolio Services Ltd.

(Last)

(First)

(Middle)

45 MARKET STREET, SUITE 3211, CAMANA BAY

P.O. BOX 31363

(Street)

GRAND CAYMAN

KY1-1206

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

DART KENNETH BRYAN

(Last)

(First)

(Middle)

P. O. BOX 31300

(Street)

GRAND CAYMAN

KY1-1206

(City)

(State)

(Zip)

Explanation of Responses:

1. The reported security is a Warrant which was originally issued on August 16, 2013 for up to 7,250,000 shares of common stock of the Issuer, convertible at an exercise price per share of $0.375. The exercise price of the Warrant was automatically adjusted in connection with the Company's twenty-to-one reverse stock split effective on October 16, 2013. Pursuant to Section 2 of the Warrant agreement, the exercise price of the Warrant was adjusted from $0.375 per share of common stock to $0.24 per share of common stock. As a result of the twenty-to-one reverse stock split, the holder is entitled to purchase up to 362,500 shares of common stock at an exercise price of $4.80 per share of common stock.

Remarks:

Eastern Capital Limited is an investment entity that owns the securities reported on Form 4. Portfolio Services Ltd. is a holding company which owns all of the outstanding stock of Eastern Capital Limited. Kenneth B. Dart is the beneficial owner of all the outstanding stock of Portfolio Services Ltd.

	Eastern Capital Limited	07/11/2014
	Portfolio Services Ltd.	07/11/2014
	Kenneth B. Dart	07/11/2014
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.