Filing Details

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

Milestone Scientific Inc.

(Name of Issuer)

Common Stock, $0.001 Par Value per Share

(Title of Class of Securities)

59935P100

(CUSIP Number)

March 19, 2018

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

	☐	Rule 13d-1(b)
	☑	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 the disclosures provided in a prior cover page.

 

The information required in 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). 

 

 

CUSIP No .

59935P100

Page 2 of 9

 

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS (ENTITIES ONLY)			Debra Ginsberg
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			United States
NUMBER OF SHARES		5	SOLE VOTING POWER	80,000
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	10,000
EACH REPORTING		7	SOLE DISPOSITIVE POWER	80,000
PERSON WITH:		8	SHARED DISPOSITIVE POWER	10,000
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			90,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES			☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			.3%
12				IN

 

 

CUSIP No .

59935P100

Page 3 of 9

 

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS (ENTITIES ONLY)			Debra Ginsberg, Trustee
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			Florida
NUMBER OF SHARES		5	SOLE VOTING POWER	1,605,000
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	0
EACH REPORTING		7	SOLE DISPOSITIVE POWER	1,605,000
PERSON WITH:		8	SHARED DISPOSITIVE POWER	0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			1,605,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES			☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			4.8%
12				OO

 

 

CUSIP No .

59935P100

Page 4 of 9

 

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE  PERSONS (ENTITIES ONLY)			Robert Gintel Revocable Trust
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION			Florida
NUMBER OF SHARES		5	SOLE VOTING POWER	1,605,000
BENEFICIALLY OWNED BY		6	SHARED VOTING POWER	0
EACH REPORTING		7	SOLE DISPOSITIVE POWER	1,605,000
PERSON WITH:		8	SHARED DISPOSITIVE POWER	0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON			1,605,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES			☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9			4.8%
12				OO

 

 

CUSIP No .

59935P100

Page 5 of 9

 

Item 1(a).		Name of Issuer:
		Milestone Scientific Inc.
Item 1(b).		Address of Issuer’s Principal Executive Offices:
		220 South Orange Avenue Livingston NJ 07039
Item 2
1(a).		Name of Person Filing
		Debra Ginsberg
1(b)		Address of Principal Business Office or, if None, Residence:
		5 Bay Ridge Road Key Largo, FL 33037
1(c)		Citizenship:
		U.S.
1(d)		Title of Class of Securities:
		Common Stock, $0.001 Par Value Per Share
1(e)		CUSIP Number:
		59935P100

 

CUSIP No .

59935P100

Page 6 of 9

 

Item 1(a).		Name of Issuer:
		Milestone Scientific Inc.
Item 1(b).		Address of Issuer’s Principal Executive Offices:
		220 South Orange Avenue Livingston NJ 07039
Item 2
1(a).		Name of Person Filing
		Debra Ginsberg, Trustee
1(b)		Address of Principal Business Office or, if None, Residence:
		5 Bay Ridge Road Key Largo, FL 33037
1(c)		Citizenship:
		U.S.
1(d)		Title of Class of Securities:
		Common Stock, $0.001 Par Value Per Share
1(e)		CUSIP Number:
		59935P100

 

 

CUSIP No .

59935P100

Page 7 of 9

 

2(a).	Name of Person Filing
	Robert Gintel Revocable Trust
2(b)	Address of Principal Business Office or, if None, Residence:
	5 Bay Ridge Road Key Largo, FL 33037
2(c)	Citizenship:
	Florida
2(d)	Title of Class of Securities:
	Common Stock, $0.001 Par Value Per Share
2(e)	CUSIP Number:
	59935P100

 

Item 3.
	(a)	☐	Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
	(b)	☐	Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	☐	Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
	(d)	☐	Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
	(e)	☐	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
	(f)	☐	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
	(g)	☐	A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);
	(h)	☐	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
	(i)	☐	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);
	(j)	☐	Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

 

CUSIP No. 59935P100

Page 8 of 9

 

Item 4.	Ownership.
	Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

	(a)	Amount beneficially owned:
		1,695,000
	(b)	Percent of class:
		5.1%
	(c)	Number of shares as to which such person has:
		(i)	Sole power to vote or to direct the vote
			1,685,000
		(ii)	Shared power to vote or to direct the vote
			10,000
		(iii)	Sole power to dispose or to direct the disposition of
			1,685,000
		(iv)	Shared power to dispose or to direct the disposition of
			10,000

 

(a) Debra Ginsberg is deemed to beneficially own all 1,695,000 Shares, representing 5.1% of the outstanding Shares. This percentage is based on 32,989,724 shares Shares outstanding as of November 14, 2017.

(b) (i) Debra Ginsberg possesses the sole power to vote or to direct the vote, and sole power to dispose or to direct the disposition of 80,000 shares held in her IRA and 1,605,000 Shares held in the Robert Gintel Revocable Trust, of which she is the sole Trustee and beneficiary; and

(ii) Debra Ginsberg possesses shared power to vote or to direct the vote, and shared power to dispose or to direct the disposition of 10,000 Shares with her husband.

 

 

CUSIP No .

59935P100

Page 9 of 9

 

Item 5.	Ownership of Five Percent or Less of a Class.
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐
Item 6.	Ownership of More than Five Percent on Behalf of Another Person.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Item 8.	Identification and Classification of Members of the Group.
Item 9.	Notice of Dissolution of Group.
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 any transaction having that purpose or effect.

 

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.

 

	Date:	March 19.2018
	Signature:		/s/Debra Ginsberg
	Name:		Debra Ginsberg
	Title:
	Signature:		/s/Debra Ginsberg
	Name:		Robert Gintel Revocable Trust
	Title:		Trustee

 

Exhibit 1

JOINT FILING AGREEMENT

This agreement is made pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (the “Act”) by and among the parties listed below, each referred to herein as a “Joint Filer.” The Joint Filers agree that a statement of beneficial ownership as required by Section 13(d) of the Act and the Rules thereunder may be filed on each of their behalf on Schedule 13D or Schedule 13G, as appropriate, and that said joint filing may thereafter be amended by further joint filings. The Joint Filers state that they each satisfy the requirements for making a joint filing under Rule 13d-1.

 

 

Debra Ginsberg		Robert Gintel Revocable Trust
By: /s/ Debra Ginsberg		By:/s/ Debra Ginsberg
Name: Debra Ginsberg		Name: Debra Ginsberg
		Title: Sole Trustee