Sec Form 4 Filing - Tradewinds Master Fund (BVI) Ltd. @ STAR SCIENTIFIC INC - 2013-01-11

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, 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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1. Name and Address of Reporting Person
Tradewinds Master Fund (BVI) Ltd.
2. Issuer Name and Ticker or Trading Symbol
STAR SCIENTIFIC INC [ STSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O TRADEWINDS INVESTMENT MANAGEMENT, LP, THREE HARBOR DRIVE, SUITE 213
3. Date of Earliest Transaction (MM/DD/YY)
01/11/2013
(Street)
SAUSALITO, CA94965
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/11/2013 S 953,260 D $ 2.66 ( 3 ) 16,943,583 I See footnotes ( 1 ) ( 2 )
Common Stock 01/14/2013 S 452,359 D $ 2.52 ( 4 ) 16,491,224 I See footnotes ( 1 ) ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tradewinds Master Fund (BVI) Ltd.
C/O TRADEWINDS INVESTMENT MANAGEMENT, LP
THREE HARBOR DRIVE, SUITE 213
SAUSALITO, CA94965
X
Peters Scott
C/O TRADEWINDS INVESTMENT MANAGEMENT, LP
THREE HARBOR DRIVE, SUITE 213
SAUSALITO, CA94965
X
P.V. Partners, L.P.
C/O TRADEWINDS INVESTMENT MANAGEMENT, LP
THREE HARBOR DRIVE, SUITE 213
SAUSALITO, CA94965
X
Feehan Partners, L.P.
C/O TRADEWINDS INVESTMENT MANAGEMENT, LP
THREE HARBOR DRIVE, SUITE 213
SAUSALITO, CA94965
X
Signatures
P.V. PARTNERS, L.P. By: /s/ Jay B. Gould Jay B. Gould Attorney-in-Fact 01/15/2013
Signature of Reporting Person Date
FEEHAN PARTNERS, L.P. By: /s/ Jay B. Gould Jay B. Gould Attorney-in-Fact 01/15/2013
Signature of Reporting Person Date
TRADEWINDS MASTER FUND (BVI), LTD. By: /s/ Jay B. Gould Jay B. Gould Attorney-in-Fact 01/15/2013
Signature of Reporting Person Date
SCOTT P. PETERS By: /s/ Jay B. Gould Jay B. Gould Attorney-in-Fact 01/15/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Robert W. Scannell is a director Tradewinds Master Fund (BVI), Ltd. ("Tradewinds") and the General Partner of Feehan Partners, L.P. ("Feehan") and has voting and investment power over each entity's respective securities. Scott P. Peters is a director of Tradewinds Master Fund (BVI), Ltd. and the General Partner of PV Partners, L.P. ("PVP") and has voting and investment power over each entity's respective securities. Mr. Peters owns a Roth IRA and an Individual IRA and has voting and investment power over the securities held in them. (Continued on footnote 2)
( 2 )Tradewinds Master Fund (BVI), Ltd. is a business company organized in the British Virgin Islands. Tradewinds Investment Management, L.P. is its investment manager pursuant to an investment management agreement over which Messrs. Scannell and Peters exercise voting and investment authority and control. Mr. Peters disclaims beneficial ownership of and receives no pecuniary interest from the securities held by Feehan and Mr. Scannell disclaims beneficial ownership of and receives no pecuniary interest from the securities held by PVP or Mr. Peters' Roth IRA and Individual IRA. Each Reporting Person individually owns less than 10% of the STSI securities, but as a group, the Reporting Persons own over 10% of the STSI securities.
( 3 )The price reflects the weighted average selling price for shares sold in the range of $2.60 - $2.72. Full information regarding the number of shares sold at each separate price is available on request.
( 4 )The price reflects the weighted average selling price for shares sold in the range of $2.50 - $2.63. Full information regarding the number of shares sold at each separate price is available on request.

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