Edgar Filing: DUSA PHARMACEUTICALS INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Becker Steven R

2. Date of Event Requiring Statement (Month/Day/Year)
07/24/2008

3. Issuer Name and Ticker or Trading Symbol
DUSA PHARMACEUTICALS INC [DUSA]

(Last)

(First)

(Middle)

300 CRESCENT COURT,Â SUITE 1111

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

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
None

5. If Amendment, Date Original Filed(Month/Day/Year)
07/28/2008

(Street)

DALLAS,Â TXÂ US 75201

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,127,389 ⁽¹⁾	I ⁽¹⁾	limited partnerships ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Purchase Warrant	04/30/2008⁽²⁾	04/30/2013	Common Stock	333,166 ⁽²⁾	$ 2.85	I	limited partnerships ⁽²⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Becker Steven R 300 CRESCENT COURT SUITE 1111 DALLAS,Â TXÂ US 75201	Â	Â	Â	None

Signatures

Steven R. Becker		12/10/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	Represents shares held directly by SRB Greenway Capital, L.P. (209,042 shares), SRB Greenway Capital (QP), L.P. (1,841,072 shares), and SRB Greenway Offshore Operating Fund, L.P. (77,275 shares). The Reporting Person disclaims beneficial ownership in such shares, except to the extent of his pecuniary interest therin.
(2)	Represents warrants to purchase common stock held directly by SRB Greenway Capital, L.P. (33,316 shares), SRB Greenway Capital (QP), L.P. (287,450 shares), and SRB Greenway Offshore Operating Fund, L.P. (12,400 shares). Each of these warrants limits the exercise of the warrant such that the warrant is not exercisable to the extent that after such exercise the holder of the warrant and its affiliates would have beneficial ownership, as calculated in accordance with Section 13(d) of the Exchange Act, of more than 9.99% of the outstanding Common Stock of the Issuer. Because of such limitation, as of July 24, 2008, and at all times prior and since, the Reporting Person has not been a 10% owner of the Common Stock of the Issuer. The original Form 3 was filed with the mistaken belief that the Reporting Person was a 10% owner for Section 16 filing purposes. The Reporting Person also disclaims beneficial ownership, within the meaning of Rule 16a-1(a)(2) of the Exchange Act, in all shares of common stock underlying such warrants, except to the extent of his pecuniary interest therin.
Â Remarks: TheÂ originalÂ FormÂ 3Â wasÂ filedÂ withÂ theÂ mistakenÂ beleifÂ thatÂ theÂ ReportingÂ PersonÂ wasÂ aÂ 10%Â owner.Â Â TheÂ ReportingÂ PersonÂ inÂ factÂ isÂ notÂ aÂ SectionÂ 16Â insiderÂ withÂ relationÂ toÂ theÂ Issuer.Â Â SeeÂ footnoteÂ 2Â below.

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