Sec Form 3 Filing - BAM Management LLC @ SOLIGENIX, INC. - 2010-08-16

Insider filing report for Changes in Beneficial Ownership
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FORM 3
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
BAM Management LLC
2. Issuer Name and Ticker or Trading Symbol
SOLIGENIX, INC. [ SNGX]
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)
1 LIBERTY PLAZA, 27TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
08/16/2010
(Street)
NEW YORK, NY10006
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 21,606,092 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
Warrants $ 0.278 ( 3 ) 09/27/2014 Common Stock 3,952,569 ( 3 ) I See Footnotes ( 1 ) ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BAM Management LLC
1 LIBERTY PLAZA, 27TH FLOOR
NEW YORK, NY10006
X
Berman Ross
1 LIBERTY PLAZA, 27TH FLOOR
NEW YORK, NY10006
X
Mintz Hal
1 LIBERTY PLAZA, 27TH FLOOR
NEW YORK, NY10006
X
Signatures
BAM Management, LLC by Ross Berman, Managing Member 08/19/2010
Signature of Reporting Person Date
Ross Berman 08/19/2010
Signature of Reporting Person Date
Hal Mintz 08/19/2010
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reported securities are held by investment funds for which BAM Management, LLC serves as investment manager. Mr. Hal Mintz and Mr. Ross Berman serve as managing members of BAM Management, LLC. In their respective capacities, each of BAM Management, LLC, Mr. Hal Mintz and Mr. Ross Berman may be deemed to beneficially own the reported securities.
( 2 )Each of the reporting persons disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
( 3 )An investment fund for which BAM Management, LLC serves as investment manager holds warrants to purchase up to 3,953,569 shares of Common Stock of Soligenix, Inc. (the "Issuer"), which are subject to a contractual provision limiting the ability to exercise such warrants to the extent that the investment fund and its affiliates would, as a result of such exercise, beneficially own in excess of 4.999% of the Issuer's Common Stock. Accordingly those warrants are currently not exercisable.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).

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