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CORRESP Filing
Sonoma Pharmaceuticals (SNOA) CORRESPCorrespondence with SEC
Filed: 23 Jul 09, 12:00am
![]() | 1320 Centre Street, Suite 202 Newton, MA 02459 Phone: 617-243-0060 Fax: 617-243-0066 |
Re: | Oculus Innovative Sciences, Inc. Registration Statement on Form S-1 File No. 333-158539 |
Comment 1. | We note your response to prior comment 3. Given that it is generally not appropriate to register for resale shares that are not outstanding that underlie another security that is not outstanding, please feel free to contact the staff for further guidance if you intend to do so in the future. | |
Response 1. | The Company notes the Staff’s comment. |
Comment 2. | Please refer to prior comment 9 in our letter to you dated July 20, 2009 regarding registration statement file number 333-157776 and update your table here as appropriate. | |
Response 2. | The Company will comply with the Staff’s comment. The applicable revised disclosure is attached hereto as Annex A and will be included in the prospectus filed by the Company pursuant to Rule 424, following effectiveness of the Registration Statement. |
Number of Shares of | Percentage of | |||||||
Common Stock | Common Stock | |||||||
Name of Beneficial Owner(1) | Beneficially Owned | Beneficially Owned(2) | ||||||
5% Stockholders: | ||||||||
Hojabr Alimi(3) | 1,424,112 | 6.8 | % | |||||
Robert Burlingame(4) | 1,755,486 | 8.4 | % | |||||
Seamus Burlingame(5) | 1,580,504 | 7.7 | % | |||||
Directors and Named Executive Officers: | ||||||||
Hojabr Alimi(3) | 1,424,112 | 6.8 | % | |||||
Robert Miller(6) | 169,460 | * | ||||||
James Schutz(7) | 234,395 | 1.1 | % | |||||
Bruce Thornton(8) | 141,407 | * | ||||||
Robert Burlingame(4) | 1,755,486 | 10.1 | % | |||||
Richard Conley(9) | 271,137 | 1.3 | % | |||||
Gregory French(10) | 193,383 | * | ||||||
Jay Birnbaum(11) | 73,334 | * | ||||||
Gregg Alton(12) | 51,518 | * | ||||||
All directors and executive officers as a group (9 persons) | 4,314,232 | 19.5 | % |
(1) | Unless otherwise stated, the address of each beneficial owner listed on the table is c/o Oculus Innovative Sciences, Inc., 1129 N. McDowell Blvd., Petaluma, California 94954. | |
(2) | Based on 20,582,342 common shares issued and outstanding on July 17, 2009. | |
(3) | Mr. Alimi is our President, Chief Executive Officer and Chairman of the Board of Directors. Mr. Alimi beneficially owns 1,011,250 shares of common stock and 412,862 shares of common stock issuable upon the exercise of options that are exercisable within 60 days of July 17, 2009. |
(4) | Mr. Burlingame is a member of our Board of Directors. Mr. Burlingame beneficially owns 1,294,931 shares of common stock, 130,000 shares of common stock issuable upon the exercise of options that are exercisable within 60 days of July 17, 2009 and, 75,000 shares of common stock issuable upon exercise of warrants that are exercisable within 60 days of July 17, 2009. Additionally Mr. Burlingame may be deemed to hold 200,000 shares held by Vetericyn, Inc., a California corporation, and 55,555 shares held by Lytle Creek Industries, an entity of which Mr. Burlingame is a majority owner. Mr. Burlingame also holds warrants for 388,889 shares of common stock which may be exercised within 60 days of July 17, 2009, but only to the extent Mr. Burlingame would not, as a result of the exercise, beneficially own more than 4.99% of our outstanding common stock. | |
(5) | Seamus Burlingame is the son of Robert Burlingame, a member of our board of directors. Seamus Burlingame’s beneficial ownership is comprised of 1,580,504 shares of common stock. Seamus Burlingame’s address is c/o Burlingame Industries, Inc., 3546 N. Riverside Avenue, Rialto, CA 92377. Seamus Burlingame also holds warrants for 777,778 shares of common stock which may be exercised within 60 days of July 17, 2009, but only to the extent he would not, as a result of the exercise, beneficially own more than 4.99% of our outstanding common stock. | |
(6) | Mr. Miller is our Chief Financial Officer. Mr. Miller beneficially owns 60,000 shares of common stock which include 50,000 shares held by The Miller 2005 Grandchildren’s Trust, for which Mr. Miller is a trustee. Mr. Miller also beneficially owns 109,460 shares of common stock issuable upon the exercise of options that are exercisable within 60 days of July 17, 2009. Mr. Miller is the beneficial owner and has shared power with Margaret Miller, in their capacities as trustee of The Miller 2005 Grandchildren’s Trust, to vote and dispose of or direct the disposition of 128,605 shares, and Mr. Miller is the beneficial owner of and has the sole power to vote and dispose of or direct the disposition of 10,000 shares. | |
(7) | Mr. Schutz is our Vice President of Corporate Development, General Counsel, Corporate Secretary and a member of our Board of Directors. Mr. Schutz beneficially owns 10,000 shares of common stock and 224,395 shares of common stock issuable upon the exercise of options that are exercisable within 60 days of July 17, 2009. | |
(8) | Mr. Thornton is our Executive Vice President. Mr. Thornton beneficially owns 133,785 shares of common stock issuable upon the exercise of options that are exercisable within 60 days of July 17, 2009. | |
(9) | Mr. Conley is a member of our Board of Directors. Mr. Conley beneficially owns 42,650 shares of common stock and 228,487 shares of common stock issuable upon the exercise of options that are exercisable within 60 days of July 17, 2009. | |
(10) | Mr. French is a member of our Board of Directors. Mr. French beneficially owns 46,664 shares of common stock and 146,719 shares of common stock issuable upon the exercise of options that are exercisable within 60 days of July 17, 2009. | |
(11) | Mr. Birnbaum is a member of our Board of Directors. Mr. Birnbaum beneficially owns 73,334 shares of common stock issuable upon the exercise of options that are exercisable within 60 days of July 17, 2009. | |
(12) | Mr. Alton is a member of our Board of Directors. Mr. Alton beneficially owns 51,518 shares of common stock issuable upon the exercise of options that are exercisable within 60 days of July 17, 2009. |