SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------
SCHEDULE 13G/A
(Rule 13d-102)
----------------
INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c)
AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
ELITE PHARMACEUTICALS, INC.
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE PER SHARE
(Title of Class of Securities)
28659T200
(CUSIP Number)
December 31, 2007
(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 (the "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/A
CUSIP No. 28659T200 PAGE 2 OF 45
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner Partners
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
309 Series C 8% Preferred Stock convertible into 133,190
Common Shares, 39,956 Warrants exercisable into 39,956
Common Shares and 2,432 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
309 Series C 8% Preferred Stock convertible into 133,190
Common Shares, 39,956 Warrants exercisable into 39,956
Common Shares and 2,432 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
309 Series C 8% Preferred Stock convertible into 133,190 Common
Shares, 39,956 Warrants exercisable into 39,956 Common Shares and
2,432 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.7%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 3 OF 45
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner Institutional Partners, L.P.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
560 Series C 8% Preferred Stock convertible into 241,379
Common Shares, 72,412 Warrants exercisable into 72,412
Common Shares and 4,421 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
560 Series C 8% Preferred Stock convertible into 241,379
Common Shares, 72,412 Warrants exercisable into 72,412
Common Shares and 4,421 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
560 Series C 8% Preferred Stock convertible into 241,379 Common
Shares, 72,412 Warrants exercisable into 72,412 Common Shares and
4,421 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
1.2%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
PN
------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 4 OF 45
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
M. H. Davidson & Co.
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
40 Series C 8% Preferred Stock convertible into 17,241
Common Shares, 5,172 Warrants exercisable into 5,172
Common Shares and 318 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
40 Series C 8% Preferred Stock convertible into 17,241
Common Shares, 5,172 Warrants exercisable into 5,172
Common Shares and 318 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
40 Series C 8% Preferred Stock convertible into 17,241 Common
Shares, 5,172 Warrants exercisable into 5,172 Common Shares and 318
Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 5 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner International, Ltd.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
984 Series C 8% Preferred Stock convertible into 424,138
Common Shares, 127,240 Warrants exercisable into 127,240
Common Shares and 7,755 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
984 Series C 8% Preferred Stock convertible into 424,138
Common Shares, 127,240 Warrants exercisable into 127,240
Common Shares and 7,755 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
984 Series C 8% Preferred Stock convertible into 424,138 Common
Shares, 127,240 Warrants exercisable into 127,240 Common Shares and
7,755 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.1%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 6 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Serena Limited
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
23 Series C 8% Preferred Stock convertible into 9,914
Common Shares, 2,973 Warrants exercisable into 2,973
Common Shares and 193 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
23 Series C 8% Preferred Stock convertible into 9,914
Common Shares, 2,973 Warrants exercisable into 2,973
Common Shares and 193 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
23 Series C 8% Preferred Stock convertible into 9,914 Common Shares,
2,973 Warrants exercisable into 2,973 Common Shares and 193 Common
Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
0.1%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 7 OF 45
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner Healthcare Fund LP
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
2,449 Series C 8% Preferred Stock convertible into
1,055,603 Common Shares, 316,680 Warrants exercisable
into 316,680 Common Shares and 19,795 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
2,449 Series C 8% Preferred Stock convertible into
1,055,603 Common Shares, 316,680 Warrants exercisable
into 316,680 Common Shares and 19,795 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,449 Series C 8% Preferred Stock convertible into 1,055,603 Common
Shares, 316,680 Warrants exercisable into 316,680 Common Shares and
19,795 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.2%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 8 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner Healthcare International Ltd.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,602 Series C 8% Preferred Stock convertible into
1,552,586 Common Shares, 465,775 Warrants exercisable
into 465,775 Common Shares and 29,154 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER\
3,602 Series C 8% Preferred Stock convertible into
1,552,586 Common Shares, 465,775 Warrants exercisable
into 465,775 Common Shares and 29,154 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,602 Series C 8% Preferred Stock convertible into 1,552,586 Common
Shares, 465,775 Warrants exercisable into 465,775 Common Shares and
29,154 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
7.7%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 8 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MHD Management Co.
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
309 Series C 8% Preferred Stock convertible into 133,190
Common Shares, 39,956 Warrants exercisable into 39,956
Common Shares and 2,432 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
309 Series C 8% Preferred Stock convertible into 133,190
Common Shares, 39,956 Warrants exercisable into 39,956
Common Shares and 2,432 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
309 Series C 8% Preferred Stock convertible into 133,190 Common
Shares, 39,956 Warrants exercisable into 39,956 Common Shares and
2,432 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 9 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner Advisers Inc.
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
560 Series C 8% Preferred Stock convertible into 241,379
Common Shares, 72,412 Warrants exercisable into 72,412
Common Shares and 4,421 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
560 Series C 8% Preferred Stock convertible into 241,379
Common Shares, 72,412 Warrants exercisable into 72,412
Common Shares and 4,421 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
560 Series C 8% Preferred Stock convertible into 241,379 Common
Shares, 72,412 Warrants exercisable into 72,412 Common Shares and
4,421 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.2%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IA
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 10 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Davidson Kempner International Advisors, L.L.C.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
1,007 Series C 8% Preferred Stock convertible into
434,052 Common Shares, 130,213 Warrants exercisable into
130,213 Common Shares and 7,948 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
1,007 Series C 8% Preferred Stock convertible into
434,052 Common Shares, 130,213 Warrants exercisable into
130,213 Common Shares and 7,948 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,007 Series C 8% Preferred Stock convertible into 434,052 Common
Shares, 130,213 Warrants exercisable into 130,213 Common Shares and
7,948 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.1%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 11 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DK Group 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
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
2,449 Series C 8% Preferred Stock convertible into
1,055,603 Common Shares, 316,680 Warrants exercisable
into 316,680 Common Shares and 19,795 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
2,449 Series C 8% Preferred Stock convertible into
1,055,603 Common Shares, 316,680 Warrants exercisable
into 316,680 Common Shares and 19,795 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,449 Series C 8% Preferred Stock convertible into 1,055,603 Common
Shares, 316,680 Warrants exercisable into 316,680 Common Shares and
19,795 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 12 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DK Management Partners LP
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,602 Series C 8% Preferred Stock convertible into
1,552,586 Common Shares, 465,775 Warrants exercisable
into 465,775 Common Shares and 29,154 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,602 Series C 8% Preferred Stock convertible into
1,552,586 Common Shares, 465,775 Warrants exercisable
into 465,775 Common Shares and 29,154 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,602 Series C 8% Preferred Stock convertible into 1,552,586 Common
Shares, 465,775 Warrants exercisable into 465,775 Common Shares and
29,154 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.7%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 13 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DK Stillwater GP 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
Delaware
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,602 Series C 8% Preferred Stock convertible into
1,552,586 Common Shares, 465,775 Warrants exercisable
into 465,775 Common Shares and 29,154 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
3,602 Series C 8% Preferred Stock convertible into
1,552,586 Common Shares, 465,775 Warrants exercisable
into 465,775 Common Shares and 29,154 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
3,602 Series C 8% Preferred Stock convertible into 1,552,586 Common
Shares, 465,775 Warrants exercisable into 465,775 Common Shares and
29,154 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
7.7%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
Schedule 13G/A
CUSIP No. 28659T200 PAGE 14 OF 45
----------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas L. Kempner, Jr.
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,967 Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.9%(1)
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-----------------------------------
1 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 15 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marvin H. Davidson
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,967 Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.9%(2)
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-----------------------------------
2 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 16 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen M. Dowicz
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,967 Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.9%(3)
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-----------------------------------
3 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 17 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Scott E. Davidson
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,967 Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9%(4)
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-----------------------------------
4 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 18 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael J. Leffell
------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,967 Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.9%(5)
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-----------------------------------
5 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 19 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Timothy I. Levart
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom & United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,967 Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9%(6)
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-----------------------------------
6 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 20 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert J. Brivio, Jr.
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,967 Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.9%(7)
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-----------------------------------
7 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 21 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eric P. Epstein
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,967 Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
9.9%(8)
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-----------------------------------
8 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 22 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Anthony A. Yoseloff
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,967 Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9%(9)
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-----------------------------------
9 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 23 OF 45
--------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Avram Z. Friedman
--------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES --------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
OWNED BY --------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable
into 1,030,208 Common Shares and 64,068 Common Shares
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
7,967 Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.9%(10)
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
-----------------------------------
10 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 24 OF 45
--------------------------------------------------------------------------------
ITEM 1(a). NAME OF ISSUER:
Elite Pharmaceuticals, Inc. (the "Company")
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
165 Ludlow Avenue
Northvale, NJ 07647
ITEM 2(a). NAME OF PERSON FILING:
This Statement is filed by each of the entities and persons listed below,
all of whom together are referred to herein as the "Reporting Persons":
(i) Davidson Kempner Partners, a New York limited partnership
("DKP");
(ii) Davidson Kempner Institutional Partners, L.P., a Delaware
limited partnership ("DKIP");
(iii) M. H. Davidson & Co., a New York limited partnership ("CO");
(iv) Davidson Kempner International, Ltd., a British Virgin
Islands corporation ("DKIL");
(v) Serena Limited, a Cayman Islands corporation ("Serena");
(vi) Davidson Kempner Healthcare Fund LP, a Delaware limited
partnership ("DKHF");
(vii) Davidson Kempner Healthcare International Ltd., a Cayman
Islands corporation ("DKHI");
(viii) MHD Management Co., a New York limited partnership and the
general partner of DKP ("MHD");
(ix) Davidson Kempner Advisers Inc., a New York corporation and
the general partner of DKIP ("DKAI"), which is registered as
an investment adviser with the U.S. Securities and Exchange
Commission;
(x) Davidson Kempner International Advisors, L.L.C., a Delaware
limited liability company and the manager of DKIL and Serena
("DKIA");
(xi) DK Group LLC, a Delaware limited liability company and the
general partner of DKHF ("DKG");
(xii) DK Management Partners LP, a Delaware limited partnership and
the investment manager of DKHI ("DKMP");
Schedule 13G/A
CUSIP No. 28659T200 PAGE 25 OF 45
(xiii) DK Stillwater GP LLC, a Delaware limited liability company
and the general partner of DKMP ("DKS"); and
(xiv) Messrs. Thomas L. Kempner, Jr., Marvin H. Davidson, Stephen
M. Dowicz, Scott E. Davidson, Michael J. Leffell, Timothy I.
Levart, Robert J. Brivio, Jr., Anthony A. Yoseloff, Eric P.
Epstein and Avram Z. Friedman (collectively, the
"Principals"), who are the general partners of CO and MHD,
the sole managing members of DKIA and DKG and the sole
stockholders of DKAI. Messrs. Thomas L. Kempner, Jr. and
Timothy I. Levart are Executive Managing Member and Deputy
Executive Managing Member, respectively, of DKS. Each of
Messrs. Kempner and Levart, together with Messrs. Marvin H.
Davidson, Stephen M. Dowicz, Scott E. Davidson, Michael J.
Leffell, Robert J. Brivio, Jr., Anthony A. Yoseloff, Eric P.
Epstein and Avram Z. Friedman are limited partners of DKMP.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address of the principal business office of each of the Reporting
Persons is c/o Davidson Kempner Partners, 65 East 55th Street, 19th Floor, New
York, New York 10022.
ITEM 2(c). CITIZENSHIP:
(i) DKP - a New York limited partnership
(ii) DKIP - a Delaware limited partnership
(iii) CO - a New York limited partnership
(iv) DKIL - a British Virgin Islands corporation
(v) Serena - a Cayman Islands corporation
(vi) DKHF - a Delaware limited partnership
(vii) DKHI - a Cayman Islands corporation
(viii) MHD - a New York limited partnership
(ix) DKAI - a New York corporation
(x) DKIA - a Delaware limited liability company
(xi) DKG - a Delaware limited liability company
(xii) DKMP - a Delaware limited partnership
(xiii) DKS - a Delaware limited liability company
(xiv) Thomas L. Kempner, Jr. - United States
Schedule 13G/A
CUSIP No. 28659T200 PAGE 26 OF 45
(xv) Marvin H. Davidson - United States
(xvi) Stephen M. Dowicz - United States
(xvii) Scott E. Davidson -United States
(xviii) Michael J. Leffell - United States
(xix) Timothy I. Levart - United Kingdom & United States
(xx) Robert J. Brivio, Jr. - United States
(xxi) Eric P. Epstein - United States
(xxii) Anthony A. Yoseloff - United States
(xxiii) Avram Z. Friedman - United States
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
COMMON STOCK, $0.01 PAR VALUE PER SHARE
ITEM 2(e). CUSIP NUMBER:
28659T200
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Act;
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Act;
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940;
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940: see Rule
13d-1(b)(1)(ii)(E);
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see Rule
13d-1(b)(1)(ii)(F);
(g) [ ] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G);
(h) [ ] Savings Associations as defined in Section 3(b) of the
Federal Deposit Insurance Act;
Schedule 13G/A
CUSIP No. 28659T200 PAGE 27 OF 45
(i) [ ] Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act of 1940;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
Subject to the Ownership Limitation (as defined below), the Principals may
be deemed to beneficially own an aggregate of 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants exercisable into
1,030,208 Common Shares and 64,068 Common Shares s a result of their voting and
dispositive power over the 7,967 Series C 8% Preferred Stock convertible into
3,434,052 Common Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares beneficially owned by DKP, DKIP, DKIL, Serena,
CO, DKHF and DKHI.
DKIA may be deemed to beneficially own the 984 Series C 8% Preferred Stock
convertible into 424,138 Common Shares, 127,240 Warrants exercisable into
127,240 Common Shares and 7,755 Common Shares eneficially owned by DKIL and the
23 Series C 8% Preferred Stock convertible into 9,914 Common Shares, 2,973
Warrants exercisable into 2,973 Common Shares and 193 Common Shares beneficially
owned by Serena as a result of its voting and dispositive power over those
shares. DKAI may be deemed to beneficially own the 560 Series C 8% Preferred
Stock convertible into 241,379 Common Shares, 72,412 Warrants exercisable into
72,412 Common Shares and 4,421 Common Shares owned by DKIP as a result of its
voting and dispositive power over those shares. MHD may be deemed to
beneficially own the 309 Series C 8% Preferred Stock convertible into 133,190
Common Shares, 39,956 Warrants exercisable into 39,956 Common Shares and 2,432
Common Shares beneficially owned by DKP as a result of its voting and
dispositive power over those shares. DKG may be deemed to beneficially own the
2,449 Series C 8% Preferred Stock convertible into 1,055,603 Common Shares,
316,680 Warrants exercisable into 316,680 Common Shares and 19,795 Common Shares
beneficially owned by DKHF as a result of its voting and dispositive power over
those shares. DKMP and DKS may be deemed to beneficially own the 3,602 Series C
8% Preferred Stock convertible into 1,552,586 Common Shares, 465,775 Warrants
exercisable into 465,775 Common Shares and 29,154 Common Shares beneficially
owned by DKHI as a result of their voting and dispositive power over those
shares.
As set forth in the Certificate of Designation of Preferences, Rights
and Limitations of Series C 8% Convertible Preferred Stock and the Common Stock
Purchase Warrant, respectively, the number of Common Shares into which the
Preferred Stock are convertible and the Warrants are exerciseable is limited to
that number of Common Shares which would result in Davidson Kempner affiliated
entities having aggregate beneficial ownership of not more than 9.99% of the
total issued and outstanding shares of Common Shares (the "Ownership
Limitation").
A. DKP
(a) Amount beneficially owned: 309 Series C 8% Preferred Stock
convertible into 133,190 Common Shares, 39,956 Warrants exercisable
into 39,956 Common Shares and 2,432 Common Shares
(b) Percent of class: 0.7%
Schedule 13G/A
CUSIP No. 28659T200 PAGE 28 OF 45
(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: 309 Series C 8%
Preferred Stock convertible into 133,190 Common Shares, 39,956
Warrants exercisable into 39,956 Common Shares and 2,432
Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 309
Series C 8% Preferred Stock convertible into 133,190 Common
Shares, 39,956 Warrants exercisable into 39,956 Common Shares
and 2,432 Common Shares
B. DKIP
(a) Amount beneficially owned: 560 Series C 8% Preferred Stock
convertible into 241,379 Common Shares, 72,412 Warrants exercisable
into 72,412 Common Shares and 4,421 Common Shares
(b) Percent of class: 1.2%
(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: 560 Series C 8%
Preferred Stock convertible into 241,379 Common Shares, 72,412
Warrants exercisable into 72,412 Common Shares and 4,421
Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 560
Series C 8% Preferred Stock convertible into 241,379 Common
Shares, 72,412 Warrants exercisable into 72,412 Common Shares
and 4,421 Common Shares
C. CO
(a) Amount beneficially owned: 40 Series C 8% Preferred Stock
convertible into 17,241 Common Shares, 5,172 Warrants exercisable into
5,172 Common Shares and 318 Common Shares
(b) Percent of class: 0.1%
(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: 40 Series C 8%
Preferred Stock convertible into 17,241 Common Shares, 5,172
Warrants exercisable into 5,172 Common Shares and 318 Common
Shares
Schedule 13G/A
CUSIP No. 28659T200 PAGE 29 OF 45
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 40
Series C 8% Preferred Stock convertible into 17,241 Common
Shares, 5,172 Warrants exercisable into 5,172 Common Shares
and 318 Common Shares
D. DKIL
(a) Amount beneficially owned: 984 Series C 8% Preferred Stock
convertible into 424,138 Common Shares, 127,240 Warrants exercisable
into 127,240 Common Shares and 7,755 Common Shares
(b) Percent of class: 2.1%
(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: 984 Series C 8%
Preferred Stock convertible into 424,138 Common Shares,
127,240 Warrants exercisable into 127,240 Common Shares and
7,755 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 984
Series C 8% Preferred Stock convertible into 424,138 Common
Shares, 127,240 Warrants exercisable into 127,240 Common
Shares and 7,755 Common Shares
E. Serena
(a) Amount beneficially owned: 23 Series C 8% Preferred Stock
convertible into 9,914 Common Shares, 2,973 Warrants exercisable into
2,973 Common Shares and 193 Common Shares
(b) Percent of class: 0.1%
(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: 23 Series C 8%
Preferred Stock convertible into 9,914 Common Shares, 2,973
Warrants exercisable into 2,973 Common Shares and 193 Common
Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 23
Series C 8% Preferred Stock convertible into 9,914 Common
Shares, 2,973 Warrants exercisable into 2,973 Common Shares
and 193 Common Shares
Schedule 13G/A
CUSIP No. 28659T200 PAGE 30 OF 45
F. DKHF
(a) Amount beneficially owned: 2,449 Series C 8% Preferred Stock
convertible into 1,055,603 Common Shares, 316,680 Warrants exercisable
into 316,680 Common Shares and 19,795 Common Shares
(b) Percent of class: 5.2%
(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: 2,449 Series C 8%
Preferred Stock convertible into 1,055,603 Common Shares,
316,680 Warrants exercisable into 316,680 Common Shares and
19,795 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 2,449
Series C 8% Preferred Stock convertible into 1,055,603 Common
Shares, 316,680 Warrants exercisable into 316,680 Common
Shares and 19,795 Common Shares
G. DKHI
(a) Amount beneficially owned: 3,602 Series C 8% Preferred Stock
convertible into 1,552,586 Common Shares, 465,775 Warrants exercisable
into 465,775 Common Shares and 29,154 Common Shares
(b) Percent of class: 7.7%
(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: 3,602 Series C 8%
Preferred Stock convertible into 1,552,586 Common Shares,
465,775 Warrants exercisable into 465,775 Common Shares and
29,154 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 3,602
Series C 8% Preferred Stock convertible into 1,552,586 Common
Shares, 465,775 Warrants exercisable into 465,775 Common
Shares and 29,154 Common Shares
H. MHD
(a) Amount beneficially owned: 309 Series C 8% Preferred Stock
convertible into 133,190 Common Shares, 39,956 Warrants exercisable
into 39,956 Common Shares and 2,432 Common Shares
(b) Percent of class: 0.7%
Schedule 13G/A
CUSIP No. 28659T200 PAGE 31 OF 45
(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: 309 Series C 8%
Preferred Stock convertible into 133,190 Common Shares, 39,956
Warrants exercisable into 39,956 Common Shares and 2,432
Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 309
Series C 8% Preferred Stock convertible into 133,190 Common
Shares, 39,956 Warrants exercisable into 39,956 Common Shares
and 2,432 Common Shares
I. DKAI
(a) Amount beneficially owned: 560 Series C 8% Preferred Stock
convertible into 241,379 Common Shares, 72,412 Warrants exercisable
into 72,412 Common Shares and 4,421 Common Shares
(b) Percent of class: 1.2%
(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: 560 Series C 8%
Preferred Stock convertible into 241,379 Common Shares, 72,412
Warrants exercisable into 72,412 Common Shares and 4,421
Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 560
Series C 8% Preferred Stock convertible into 241,379 Common
Shares, 72,412 Warrants exercisable into 72,412 Common Shares
and 4,421 Common Shares
J. DKIA
(a) Amount beneficially owned: 1,007 Series C 8% Preferred Stock
convertible into 434,052 Common Shares, 130,213 Warrants exercisable
into 130,213 Common Shares and 7,948 Common Shares
(b) Percent of class: 2.1%
(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: 1,007 Series C 8%
Preferred Stock convertible into 434,052 Common Shares,
130,213 Warrants exercisable into 130,213 Common Shares and
7,948 Common Shares
Schedule 13G/A
CUSIP No. 28659T200 PAGE 32 OF 45
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 1,007
Series C 8% Preferred Stock convertible into 434,052 Common
Shares, 130,213 Warrants exercisable into 130,213 Common
Shares and 7,948 Common Shares
K. DKG
(a) Amount beneficially owned: 2,449 Series C 8% Preferred Stock
convertible into 1,055,603 Common Shares, 316,680 Warrants exercisable
into 316,680 Common Shares and 19,795 Common Shares
(b) Percent of class: 5.2%
(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: 2,449 Series C 8%
Preferred Stock convertible into 1,055,603 Common Shares,
316,680 Warrants exercisable into 316,680 Common Shares and
19,795 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 2,449
Series C 8% Preferred Stock convertible into 1,055,603 Common
Shares, 316,680 Warrants exercisable into 316,680 Common
Shares and 19,795 Common Shares
L. DKMP
(a) Amount beneficially owned: 3,602 Series C 8% Preferred Stock
convertible into 1,552,586 Common Shares, 465,775 Warrants exercisable
into 465,775 Common Shares and 29,154 Common Shares
(b) Percent of class: 7.7%
(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: 3,602 Series C 8%
Preferred Stock convertible into 1,552,586 Common Shares,
465,775 Warrants exercisable into 465,775 Common Shares and
29,154 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 3,602
Series C 8% Preferred Stock convertible into 1,552,586 Common
Shares, 465,775 Warrants exercisable into 465,775 Common
Shares and 29,154 Common Shares
Schedule 13G/A
CUSIP No. 28659T200 PAGE 33 OF 45
M. DKS
(a) Amount beneficially owned: 3,602 Series C 8% Preferred Stock
convertible into 1,552,586 Common Shares, 465,775 Warrants exercisable
into 465,775 Common Shares and 29,154 Common Shares
(b) Percent of class: 7.7%
(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: 3,602 Series C 8%
Preferred Stock convertible into 1,552,586 Common Shares,
465,775 Warrants exercisable into 465,775 Common Shares and
29,154 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 3,602
Series C 8% Preferred Stock convertible into 1,552,586 Common
Shares, 465,775 Warrants exercisable into 465,775 Common
Shares and 29,154 Common Shares
N. Thomas L. Kempner, Jr.
(a) Amount beneficially owned: 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants
exercisable into 1,030,208 Common Shares and 64,068 Common Shares
(b) Percent of class: 9.9%(11)
(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: 7,967 Series C 8%
Preferred Stock convertible into 3,434,052 Common Shares,
1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 7,967
Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares
-----------------------------------
11 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 34 OF 45
O. Marvin H. Davidson
(a) Amount beneficially owned: 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants
exercisable into 1,030,208 Common Shares and 64,068 Common Shares
(b) Percent of class: 9.9%(12)
(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: 7,967 Series C 8%
Preferred Stock convertible into 3,434,052 Common Shares,
1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 7,967
Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares
P. Stephen M. Dowicz
(a) Amount beneficially owned: 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants
exercisable into 1,030,208 Common Shares and 64,068 Common Shares
(b) Percent of class: 9.9%(13)
(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: 7,967 Series C 8%
Preferred Stock convertible into 3,434,052 Common Shares,
1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 7,967
Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares
-----------------------------------
12 Subject to the Ownership Limitation (as defined herein).
13 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 35 OF 45
Q. Scott E. Davidson
(a) Amount beneficially owned: 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants
exercisable into 1,030,208 Common Shares and 64,068 Common Shares
(b) Percent of class: 9.9%(14)
(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: 7,967 Series C 8%
Preferred Stock convertible into 3,434,052 Common Shares,
1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 7,967
Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares
R. Michael J. Leffell
(a) Amount beneficially owned. 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants
exercisable into 1,030,208 Common Shares and 64,068 Common Shares
(b) Percent of class: 9.9%(15)
(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: 7,967 Series C 8%
Preferred Stock convertible into 3,434,052 Common Shares,
1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 7,967
Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares
-----------------------------------
14 Subject to the Ownership Limitation (as defined herein).
15 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 36 OF 45
S. Timothy I. Levart
(a) Amount beneficially owned: 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants
exercisable into 1,030,208 Common Shares and 64,068 Common Shares
(b) Percent of class: 9.9%(16)
(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: 7,967 Series C 8%
Preferred Stock convertible into 3,434,052 Common Shares,
1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 7,967
Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares
T. Robert J. Brivio, Jr.
(a) Amount beneficially owned: 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants
exercisable into 1,030,208 Common Shares and 64,068 Common Shares
(b) Percent of class: 9.9%(17)
(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: 7,967 Series C 8%
Preferred Stock convertible into 3,434,052 Common Shares,
1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 7,967
Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares
-----------------------------------
16 Subject to the Ownership Limitation (as defined herein).
17 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 37 OF 45
U. Eric P. Epstein
(a) Amount beneficially owned: 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants
exercisable into 1,030,208 Common Shares and 64,068 Common Shares
(b) Percent of class: 9.9%(18)
(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: 7,967 Series C 8%
Preferred Stock convertible into 3,434,052 Common Shares,
1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 7,967
Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares
V. Anthony A. Yoseloff
(a) Amount beneficially owned: 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants
exercisable into 1,030,208 Common Shares and 64,068 Common Shares
(b) Percent of class: 9.9%(19)
(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: 7,967 Series C 8%
Preferred Stock convertible into 3,434,052 Common Shares,
1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 7,967
Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares
-----------------------------------
18 Subject to the Ownership Limitation (as defined herein).
19 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 38 OF 45
W. Avram Z. Friedman
(a) Amount beneficially owned: 7,967 Series C 8% Preferred Stock
convertible into 3,434,052 Common Shares, 1,030,208 Warrants
exercisable into 1,030,208 Common Shares and 64,068 Common Shares
(b) Percent of class: 9.9%(20)
(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: 7,967 Series C 8%
Preferred Stock convertible into 3,434,052 Common Shares,
1,030,208 Warrants exercisable into 1,030,208 Common Shares
and 64,068 Common Shares
(iii) sole power to dispose or to direct the disposition: 0
(iv) shared power to dispose or to direct the disposition: 7,967
Series C 8% Preferred Stock convertible into 3,434,052 Common
Shares, 1,030,208 Warrants exercisable into 1,030,208 Common
Shares and 64,068 Common Shares
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
The partners, members or stockholders of each of the Reporting Persons,
including the Principals, have the right to participate in the receipt of
dividends from, or proceeds from the sale of, the securities held for the
account of such Reporting Person in accordance with their ownership interests in
such Reporting Person. The Reporting Persons disclaim all beneficial ownership
as affiliates of a registered investment adviser, and, in any case, disclaim
beneficial ownership except as to the extent of their pecuniary interest in the
shares. The Reporting Persons have elected to file Schedule 13G although such
filing may not be required under the Act.
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.
See Item 4.
-----------------------------------
20 Subject to the Ownership Limitation (as defined herein).
Schedule 13G/A
CUSIP No. 28659T200 PAGE 39 OF 45
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(c))
Each of the Reporting Persons hereby makes the following certification:
By signing below we certify that, to the best of our 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/A
CUSIP No. 28659T200 PAGE 40 OF 45
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: February 14, 2008 DAVIDSON KEMPNER PARTNERS
By: MHD Management Co.,
its General Partner
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Managing Partner
DAVIDSON KEMPNER INSTITUTIONAL
PARTNERS, L.P.
By: Davidson Kempner Advisers Inc.,
its General Partner
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: President
M.H. DAVIDSON & CO.
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Managing Partner
DAVIDSON KEMPNER INTERNATIONAL, LTD.
By: Davidson Kempner International
Advisors, L.L.C.,
its Investment Manager
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
SERENA LIMITED
By: Davidson Kempner International
Advisors, L.L.C.,
its Investment Manager
Schedule 13G/A
CUSIP No. 28659T200 PAGE 41 OF 45
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
DAVIDSON KEMPNER HEALTHCARE FUND LP
By: DK Group LLC,
its General Partner
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
DAVIDSON KEMPNER HEALTHCARE
INTERNATIONAL LTD.
By: DK Management Partners LP,
its Investment Manager
By: DK Stillwater GP LLC, its general
partner
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
MHD MANAGEMENT CO.
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Managing Partner
DAVIDSON KEMPNER ADVISERS INC.
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: President
DAVIDSON KEMPNER INTERNATIONAL
ADVISORS, L.L.C.
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
DK GROUP LLC
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
Schedule 13G/A
CUSIP No. 28659T200 PAGE 42 OF 45
DK MANAGEMENT PARTNERS LP
By: DK Stillwater GP LLC, its general
partner
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
DK STILLWATER GP LLC
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Thomas L. Kempner, Jr.
/s/ MARVIN H. DAVIDSON
-----------------------------
Marvin H. Davidson
/s/ STEPHEN M. DOWICZ
-----------------------------
Stephen M. Dowicz
/s/ SCOTT E. DAVIDSON
-----------------------------
Scott E. Davidson
/s/ MICHAEL J. LEFFELL
-----------------------------
Michael J. Leffell
/s/ TIMOTHY I. LEVART
-----------------------------
Timothy I. Levart
/s/ ROBERT J. BRIVIO, JR.
-------------------------
Robert J. Brivio, Jr.
/s/ ERIC P. EPSTEIN
-----------------------------
Eric P. Epstein
/s/ ANTHONY A. YOSELOFF
-----------------------------
Anthony A. Yoseloff
/s/ AVRAM Z. FRIEDMAN
-----------------------------
Avram Z. Friedman
Schedule 13G/A
CUSIP No. 28659T200 PAGE 43 OF 45
EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.
DATED: February 14, 2008 DAVIDSON KEMPNER PARTNERS
By: MHD Management Co.,
its General Partner
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Managing Partner
DAVIDSON KEMPNER INSTITUTIONAL
PARTNERS, L.P.
By: Davidson Kempner Advisers Inc.,
its General Partner
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: President
M.H. DAVIDSON & CO.
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Managing Partner
DAVIDSON KEMPNER INTERNATIONAL, LTD.
By: Davidson Kempner International
Advisors, L.L.C.,
its Investment Manager
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
Schedule 13G/A
CUSIP No. 28659T200 PAGE 44 OF 45
SERENA LIMITED
By: Davidson Kempner International
Advisors, L.L.C.,
its Investment Manager
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
DAVIDSON KEMPNER HEALTHCARE FUND LP
By: DK Group LLC,
its General Partner
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
DAVIDSON KEMPNER HEALTHCARE
INTERNATIONAL LTD.
By: DK Management Partners LP,
its Investment Manager
By: DK Stillwater GP LLC, its general
partner
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
MHD MANAGEMENT CO.
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Managing Partner
DAVIDSON KEMPNER ADVISERS INC.
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: President
DAVIDSON KEMPNER INTERNATIONAL
ADVISORS, L.L.C.
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
Schedule 13G/A
CUSIP No. 28659T200 PAGE 45 OF 45
DK GROUP LLC
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
DK MANAGEMENT PARTNERS LP
By: DK Stillwater GP LLC, its general
partner
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
DK STILLWATER GP LLC
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Name: Thomas L. Kempner, Jr.
Title: Executive Managing Member
/s/ THOMAS L. KEMPNER, JR.
-----------------------------
Thomas L. Kempner, Jr.
/s/ MARVIN H. DAVIDSON
-----------------------------
Marvin H. Davidson
/s/ STEPHEN M. DOWICZ
-----------------------------
Stephen M. Dowicz
/s/ SCOTT E. DAVIDSON
-----------------------------
Scott E. Davidson
/s/ MICHAEL J. LEFFELL
-----------------------------
Michael J. Leffell
/s/ TIMOTHY I. LEVART
-----------------------------
Timothy I. Levart
/s/ ROBERT J. BRIVIO, JR.
-------------------------
Robert J. Brivio, Jr.
/s/ ERIC P. EPSTEIN
-----------------------------
Eric P. Epstein
/s/ ANTHONY A. YOSELOFF
-----------------------------
Anthony A. Yoseloff
/s/ AVRAM Z. FRIEDMAN
-----------------------------
Avram Z. Friedman