Filing Details
- Accession Number:
- 0001513162-16-001072
- Form Type:
- 13D Filing
- Publication Date:
- 2016-11-09 14:20:54
- Filed By:
- Titterton Lewis H Jr
- Company:
- Anixa Biosciences Inc (NASDAQ:ANIX)
- Filing Date:
- 2016-11-09
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| (ENTITIES ONLY) Lewis H. Titterton Jr | 805,432 | 0 | 805,432 | 8.94% |
SECURITIES AND EXCHANGE COMMISSION
INFORMATION TO BE IN INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
Common Stock, $0.01 par value per share
(Title of Class of Securities)
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
(Date of Event which Requires Filing of this Statement)
CUSIP No. 45069V203
13D/A
1.
NAME OF REPORTING PERSONS
(ENTITIES ONLY)
Lewis H. Titterton Jr.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) [ ]
(b) [ ]
3.
SEC USE ONLY
4.
SOURCE OF FUNDS*
PF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF 7. SOLE VOTING POWER
SHARES
BENEFICIALLY
805,4321
OWNED BY 8. SHARED VOTING POWER
EACH
REPORTING
-0-
PERSON WITH 9. SOLE DISPOSITIVE POWER
805,4321
10. SHARED DISPOSITIVE POWER
-0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
805,432 (See Item 4)
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.94%
14. TYPE OF REPORTING PERSON *
IN
1 Includes (i) 547,032 shares of common stock, (ii) 256,400 shares of common stock underlying options that are exercisable within 60 days of the date hereof and (iii) 2,000 shares of common stock underlying warrants that are exercisable within 60 days of the date hereof.
Item 1. Security and Issuer.
This statement relates to the common stock, $0.01 par value per share (the Common Stock), of ITUS Corporation (the Company). The principal executive office of the Company is located at 12100 Wilshire Boulevard, Suite 1275, Los Angeles, CA 90025.
All information contained in this Schedule 13D/A is, after reasonable inquiry and to the best of the Reporting Persons knowledge and belief, true, complete and correct as of the date of this Schedule 13D/A.
Item 2. Identity and Background.
(a)
This statement is being filed by Lewis H. Titterton Jr. (the Reporting Person).
(b)
Not applicable.
(c)
The Reporting Person was the former Chairman of the Board of Directors of the Company until August 23, 2016. The Reporting Person is currently retired.
(d)
The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)
The Reporting Person has not, during the last five years, been 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 the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
On October 3, 2016, the Reporting Person purchased, in an open market transaction with personal funds, 6,000 shares of Common Stock. The purchase of these shares, aggregated with the Reporting Persons purchase of additional shares of Common Stock (described below) and the vesting of certain previously granted options (which were granted for no consideration) caused the Reporting Persons beneficial ownership to increase from the Reporting Persons ownership as of the date of filing of the previous Schedule 13D/A. During the period from September 28, 2016 through November 7, 2016, the Reporting Person purchased 49,595 shares of Common Stock in open market transactions using personal funds. Further, on August 24, 2016, the Reporting Person sold 210,000 shares of Common Stock in a private transaction for $3.10 per share. On September 26, 2016, the Reporting Person purchased 210,000 shares of Common Stock in a private transaction for $3.12 per share.
Item 4. Purpose of Transaction.
The Company granted the Reporting Person such options in order to incentivize the Reporting Person.
Plans or Proposals of the Reporting Person
Except as set forth above, the Reporting Person does not currently have any plans or proposals that relate to or would result in (a) the acquisition by any person of additional securities of the Company or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company's business or corporate structure; (g) changes in the Companys certificate of incorporation, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(a)
As of November 7, 2016, the Reporting Person beneficially owns 805,432 shares of Common Stock consisting of (i) 547,032 shares of common stock, (ii) 256,400 shares of common stock underlying options that are exercisable within 60 days of the date hereof and (iii) 2,000 shares of common stock underlying warrants that are exercisable within 60 days of the date hereof. These shares, in the aggregate, represent 8.94% of the shares of the Company.
(b)
The number of shares of Common Stock over which the Reporting Person has the power to vote and the power to dispose is as follows:
1. Sole power to vote or to direct vote: 805,032
2. Shared power to vote or to direct vote: -0-
3. Sole power to dispose or to direct the disposition: 805,032
4. Shared power to dispose or to direct the disposition -0-
(c)
Except as described in Item 3 of this Statement, there have been no transactions effected with respect to the Securities within the past 60 days of the date hereof by the Reporting Person.
(d)
No person(s) other than the Reporting Person is known to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock beneficially owned by the Reporting Person.
(e)
Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
Other than as described herein, there are no contracts, arrangements, understandings or relationships between the Reporting Person and any other person, with respect to the securities of the Company.
Item 7. Material to be Filed as Exhibits.
None.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: November 8, 2016
/s/ Lewis H. Titterton Jr.
Lewis H. Titterton Jr.