Filing Details

 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE

13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(a)

 

Integrated Surgical Systems, Inc.
(Name of Issuer)

 

Common Stock
(Title of Class of Securities)

_________

(CUSIP Number)

 

Andrew D. Hudders, Esq.

Golenbock Eiseman Assor Bell & Peskoe LLP,

711 Third Avenue, 17^th Floor, New York, NY 10017

(212-907-7300)
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

 

November 4, 2016
(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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box. ¨

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* 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 on the remainder of this cover page shall not be deemed to be “filed” 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).

 

				Page 2 of 6
CUSIP NO.: 185064102

 

1.		NAMES OF REPORTING PERSONS James C. Heckman
2.		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a)    ¨ (b)    x
3.		SEC USE ONLY
4.		SOURCE OF FUNDS   OO
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

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7.		SOLE VOTING POWER   4,094,7081
		8.		SHARED VOTING POWER   0
		9.		SOLE DISPOSITIVE POWER   4,094,708
		10.		SHARED DISPOSITIVE POWER   0

 

11.		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,094,708
12.		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(1) EXCLUDES CERTAIN SHARES ¨
13.		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.57%
14.		TYPE OF REPORTING PERSON IN

 

 

  

 

 

________________________

¹ Including 1,433,148 shares of Common Stock issued in the Reporting Person’s name, but held by an escrow agent, pursuant to the Share Exchange Agreement, dated as of October 14, 2016 and amended on November 4, 2016, by and among the Issuer and the signatories thereto. The Reporting Person is entitled to vote the Escrowed Shares but the Reporting Person does not have the right to dispose the Escrowed Shares until the end of the escrow period of the Escrowed Shares.

 

Page 3 of 6

 

Item 1.     Security and Issuer

 

The class of equity securities to which this Statement of Schedule 13D (this “Schedule 13D”) relates is shares of common stock (the “Common Stock”) of Integrated Surgical Systems, Inc., a Delaware corporation (the “Issuer”). The principal executive office of the Issuer is 5048 Roosevelt Way NE, Seattle, WA 98105.

 

Item 2.     Identity and Background.

 

(a)       This Schedule 13D is being filed by James C. Heckman (the “Reporting Person”)

 

(b)       The Reporting Person’s business address is 5048 Roosevelt Way NE, Seattle, WA 98105.

 

(c)       The Reporting Person’s principal occupation is the President and Chief Executive Officer of the Issuer and its wholly owned subsidiary, theMaven Network, Inc., with a business address at 2425 Cedar Springs Road, Dallas, Texas 75201.

 

(d)       During the past five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e)       During the past five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction or as a result of such a 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.

 

Item 3.     Source and Amount of Funds and Other Consideration.

 

The securities were acquired by the Reporting Person through the use of personal funds.

 

Item 4.     Purpose of Transaction

 

The securities were acquired for investment purposes. The Reporting Person intends to review his investment in the Issuer on a continuing basis and will routinely monitor a wide variety of investment considerations, including, without limitation, current and anticipated future trading prices for the Common Stock, the Issuer’s financial position, operations, assets, prospects, strategic direction and business and other developments affecting the Issuer. The Reporting Person may from time to time take such actions with respect to his investment in the Issuer as he deems appropriate, including, without limitation, (i) acquiring additional shares or disposing of some or all of his shares of Common Stock (or other securities of the Issuer); (ii) changing his current intentions with respect to any or all matters referred to in this Item 4; and/or (iii) engaging in hedging, derivative or similar transactions with respect to any securities of the Issuer. Any acquisition or disposition of the Issuer’s securities may be made by means of open-market purchases or dispositions, privately negotiated transactions, direct acquisitions from or dispositions to the Issuer.

 

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At the date of this Schedule 13D, except as set forth in this Schedule 13D, the Reporting Person does not have any immediate plans or proposals which would result in:

 

(a)       The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

 

(b)       An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

 

(c)       A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;

 

(d)       Any change in control of the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or fill any existing vacancies on the board;

 

(e)       Any material change in the present capitalization or dividend policy of the Issuer;

 

(f)       Any other material change in the Issuer’s business or corporate structure;

 

(g)       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;

 

(h)       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 of a registered national securities association;

 

(i)       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 1940; or

 

(j)       Any action similar to any of those actions enumerated above.

 

ITEM 5.     Interests in Securities of the Issuer

 

(a)       The Reporting Person beneficially owns an aggregate of 4,094,708 shares of Common Stock, representing 18.57% of the Issuer’s Common Stock.

 

(b)       The Reporting Person has the sole power to vote and to dispose of 4,094,708 shares of Common Stock. Of these shares 1,433,148 shares of Common Stock issued in the Reporting Person’s name are held by an escrow agent pursuant to the Share Exchange Agreement, dated as of October 14, 2016 and amended on November 3, 2016, by and among the Issuer and the signatories thereto (the “Escrowed Shares”). The Reporting Person is entitled to vote on the Escrowed Shares but the Reporting Person does not have the right to dispose the Escrowed Shares until the end of the escrow period of the Escrowed Shares.

 

Page 5 of 6

 

 

(c)       On November 4, 2016, pursuant to a Share Exchange Agreement, dated October 14, 2016, amended on November 3, 2016, between the Issuer, theMaven Network, Inc., a Nevada corporation (“theMaven”) and the shareholders of theMaven (the “Share Exchange Agreement”), the Issuer issued the Reporting Person 4,094,708 shares of Common Stock in exchange of all the Reporting Person’s equity interests in theMaven.

 

(d)       Not applicable

 

(e)       Not applicable.

 

ITEM 6.     CONTRACTS, ARRANGEMENTS UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

 

Not applicable.

 

 

ITEM 7.     MATERIAL TO BE FILED AS EXHIBITS.

 

Exhibit No.

Description

 

1.

Share Exchange Agreement, dated as of October 4, 2016, (incorporated by reference to Exhibit 10.1 to Issuer’s Form 8-K Current Report, filed on October 17, 2016).

 

2.

Amendment to Share Exchange Agreement, dated as of November 4, 2016, (incorporated by reference to Exhibit 10.1 to Issuer’s Form 8-K Current Report, filed on November 4, 2016).

  

Page 6 of 6

 

 

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.

 

Dated as of: November 28, 2016

 

 

/s/ James C. Heckman_____

James C. Heckman