Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Schedule
13D
Under the
Securities Exchange Act of 1934
(Amendment
No. _____)
|
LecTec
Corporation
|
|
(Name
of Issuer)
|
|
Common
Stock, $.01 par value
|
|
(Title
of Class of Securities)
|
|
523251
10 6
|
|
(CUSIP
Number)
|
|
Ramanathan
Periakaruppan
25
Santhai nagappa Road, ARIMALAM-622201
Pudukkottai
Dist
Tamil
Nadu, India
Copy
to:
Timothy
S. Hearn
Dorsey
& Whitney LLP
50
South Sixth Street, Suite 1500
Minneapolis,
MN 55402
|
|
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and
Communications)
|
|
December 31,
2009
|
|
(Date
of Event Which Requires Filing of this
Statement)
|
If the
filing person has previously filed a statement on Schedule 13G to report the
acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Secs. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. o
|
CUSIP
NO: 523251 10 6
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Page
2 of 5
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CUSIP
No. 523251 10 6
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1.
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Names
of reporting persons:
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|
|
I.R.S.
Identification Nos. of above persons (entities
only):
|
|
|
Ramanathan
Periakaruppan
|
|
2.
|
Check
the appropriate box if a member of a
group:
|
(b)
o
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3.
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SEC
use only:
|
|
4.
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Source
of funds: PF
|
|
5.
|
Check
if disclosure of legal proceedings is required pursuant to Items 2(d) or
2(e) o
|
|
6.
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Citizenship
or place of
organization: USA
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Number of
shares beneficially owned by each reporting person with:
|
|
7.
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Sole
voting power:
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90,120
|
|
|
8.
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Shared
voting power:
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109,163
|
|
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9.
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Sole
dispositive power:
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144,702
|
|
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10.
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Shared
dispositive power:
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54,581
|
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11.
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Aggregate
amount beneficially owned by each reporting person: 219,363
(1)
|
|
12.
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Check
if the aggregate amount in Row (11) excludes certain shares
o
|
|
13.
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Percent
of class represented by amount in Row (11): 5.1%
(2)
|
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14.
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Type
of reporting person: IN
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(1)
Includes 20,080 shares held by the Reporting Person’s spouse, which may be
deemed to be beneficially owned by the Reporting Person.
(2) Based
on 4,290,026 shares outstanding as of November 16, 2009, as reported on the Form
10-Q filed by the Issuer on November 16, 2009.
|
CUSIP
NO: 523251 10 6
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Page 3
of 5
|
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Item
1.
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Security
and Issuer:
|
This
statement relates to the shares of Common Stock, $0.01 par value per share (the
“Shares”) of LecTec Corporation, a Delaware corporation (the
“Issuer”). The principal executive office of the Issuer is located at
1407 South Kings Highway, Texarkana, TX 75501.
|
Item
2.
|
Identity
and Background:
|
(a), (b) and
(c) This statement is filed on behalf of
Ramanathan Periakaruppan (the “Reporting Person”), whose principal address is 25
Santhai nagappa Road, ARIMALAM-622201, Pudukkottai Dist., Tamil Nadu,
India. The Reporting Person is a retiree, with no principal
occupation.
(d)
During the past five years, the Reporting Person
has not been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) The
Reporting Persons has, during the last five years, not been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
(f) The
Reporting Person is a citizen of USA.
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Item
3.
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Source
and Amount of Funds or Other
Consideration:
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Funds used for the purchase of the
Shares reported herein were derived from the personal funds of the Reporting
Person and were acquired through open-market purchases made with such personal
funds, each at market price at the time of purchase from May 2002 to November
2009. No funds were borrowed in order to acquire the
shares.
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Item
4.
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Purpose
of Transaction:
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The shares were purchased for
investment purposes. The Reporting Person has no present plan or
proposal that would relate to or result in any of the matters set forth in
subparagraphs (a)-(j) of Item 4 of Schedule 13D, namely:
|
(a)
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the
acquisition of additional securities of the Issuer, or the disposition of
securities of the
issuer;
|
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(b)
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an
extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the
Issuer;
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(c)
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a
sale or transfer of a material amount of assets of the
Issuer;
|
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(d)
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any
change in the present board of directors or management of the Issuer,
including any plans or proposals to change the number or term of directors
or to fill any existing vacancies on the
board;
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(e)
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any
material change in the present capitalization or dividend policy of the
issuer;
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(f)
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any
other material change in the Issuer’s business or corporate
structure;
|
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(g)
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changes
in the Issuer’s charter, bylaws or instruments corresponding thereto or
other actions which may impede the acquisition of control of the Issuer by
any person;
|
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CUSIP
NO: 523251 10 6
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Page 4
of 5
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(h)
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causing
a class of securities of the Issuer to be delisted from a national
securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system or a registered national securities
association;
|
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(i)
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a
class of equity securities of the Issuer becoming eligible for termination
of registration pursuant to Section 12(g)(4) of the Securities Exchange
Act of 1934; or
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(j)
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any
action similar to any of those enumerated
above.
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The
Reporting Person intends to review his investment in the Issuer on a continuing
basis and reserves the right to acquire additional securities of the Issuer or
formulate plans or proposals regarding the Issuer or its securities, to the
extend deemed advisable by the Reporting Person in light of his investment
policies, market conditions or other factors.
|
Item
5.
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Interest
in Securities of the Issuer:
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(a)-(b) As of
November 2009, the Reporting Person beneficially owned 219,363 shares of the
issuer’s Common Stock, representing approximately 5.1% of the outstanding common
stock. Of the shares beneficially held by the Reporting Person,
20,080 shares are held by the Reporting Person’s spouse, 20,979 are held jointly
with the Reporting Person’s spouse, 69,141 are held directly by the Reporting
Person and 109,163 shares are held jointly with the Reporting Person’s
son.
(c) In
the past sixty days, the Reporting Person has not purchased or sold any shares
of the Issuer.
(d) Not
Applicable
(e) Not
Applicable.
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Item
6.
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Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer.
|
|
Item
7.
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Material
to be Filed as Exhibits
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[Remainder
of page left blank, signature page follows]
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CUSIP
NO: 523251 10 6
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Page 5
of 5
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Signature
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and
correct.
Date: July
7, 2010.
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/s/ Ramanathan
Periakaruppan
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||
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Ramanathan Periakaruppan
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