UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G/A
(Amendment No.2 )
Under the Securities Exchange Act of 1934
Palatin Technologies, Inc.
Common Stock, $0.01 par value
(Title of Class of Securities)
(CUSIP Number: 696077304)
November 18, 2003
Check the appropriate box to designate the rule pursuant to which the schedule
is filed:
|X| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be filled for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act,
but shall be subject to all other provisions of the Act (however, see the Notes
to Schedule 13G).
CUSIP No. 150934107 13G Page 2 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ALBERT FRIED JR. SS# 056-26-5544
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
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5 SOLE VOTING POWER
1,884,939
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,258,537
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,884,939
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,258,537
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,258,537
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.97%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 150934107 13G Page 3 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THE FRIED FOUNDATION, INC. 13-3197403
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
75,000 (Shares issuable upon Warrant exercise)
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY NONE
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 75,000
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.165%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO (Charitable Foundation established by Albert Fried Jr.)
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*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 150934107 13G Page 4 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ALBERT FRIED & COMPANY, LLC. 13-5089432
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5 SOLE VOTING POWER
298,598
--------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY NONE
OWNED BY --------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 298,598
WITH --------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
NONE
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
298,598
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.657%
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12 TYPE OF REPORTING PERSON*
BD
(NASD Member firm and a market maker (dealer) in the Issuers common stock
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*SEE INSTRUCTIONS BEFORE FILLING OUT
ITEM 1(a). NAME OF ISSUER:
Palatin Technologies, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
4C Cedarbrook Drive
Cranbury, New Jersey 08512
(609) 495-2200
ITEM 2(a) NAME OF PERSON FILING:
This statement is filed on behalf of Albert Fried, Jr.,
The Fried Foundation, Inc. and Albert Fried & Company, LLC, an NASD Member Firm
Albert Fried Jr. is the founder and President of The Fried Foundation Inc, a
charitable foundation. Albert Fried, Jr. is also the managing member of Albert
Fried & Company, LLC, an NASD Member Firm. Albert Fried & Company, LLC is a
market maker (dealer) in the Issuers security.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Albert Fried, Jrs address is 3158 Route 9G, Rhinebeck, NY 12572, The Fried
Foundation Incs and Albert Fried & Company LLCs business address are both
60 Broad Street, 39th Floor, New York, NY 10004.
ITEM 2(c). CITIZENSHIP:
Albert Fried Jr. is a citizen of the United States of America.
Albert Fried & Company, LLC is a Limited Liability Company duly organized
in the state of New York.
The Fried Foundation,Inc. is a charitable foundation organized in Delaware.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
7
Common Stock, $0.01 Par Value
ITEM 2(e). CUSIP NUMBER: 696077304
ITEM 3. [X] CHECK THIS BOX IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(c)
ITEM 4. OWNERSHIP
**2,258,537 (a mix on common stock and common issuable upon warrants exercise).
** This figure includes 1,400,000 shares of common stock and an additional
484,939 shares issuable upon the exercise of warrants owned by Albert Fried Jr.
** This figure includes 75,000 shares of common issuable upon warrant exercise
held by The Fried Foundation.
** This figure includes 70,900 common shares and additional 227.698 shares
issuable upon exercise of warrants owned by Albert Fried & Co, LLC.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in a transaction having that purpose
and effect.
8
SIGNATURES
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.
ALBERT FRIED, JR.
Dated: November 19, 2003 By: /s/ Albert Fried, Jr.
New York, NY ---------------------------------------- Name: Albert Fried Jr.
THE FRIED FOUNDATION, INC.
Dated: November 19, 2003 By: /s/ Albert Fried Jr.
New York, NY -----------------------------------------
Name: Albert Fried Jr.
Title: President
ALBERT FRIED & COMPANY, LLC.
Dated: November 19, 2003 By: /s/ Anthony Katsingris
New York, NY ---------------------------------- Name: Anthony Katsingris
Title: Member